Kia India bags 13,424 pre-orders for KIA Seltos Facelift on the first day on Friday

New Delhi: New Kia Seltos Facelift has recorded the highest first-day bookings with 13,424 pre-orders within 24 hours. Out of these, 1,973 bookings were done using K-Code, which was a special program to expand the Seltos community by giving Seltos owners special access to unlock a world of high-prio...

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Prices of SUVs and MPVs to go up 2% following the GST cess increase

Owning a large utility vehicle which includes an SUV and an MPV (Multipurpose Vehicle). SUV prices, above four metres, are likely to rise by 2 percent as the GST Council increasing the cess by 200 basis points from the current 20 percent to 22 percent. Under the current GST structure, larger SUV ve...

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Mahindra & Mahindra in talks for INR 5,000 crore EV push from British International, others

India's largest SUV maker by revenue, Mahindra & Mahindra is in advanced talks with British Inteational Investment (BII) and some other global investors to raise up to INR 5,000 crore (USD 605 million) for its electric vehicle unit. If discussions about Mahindra Electric Automobile come to a positi...

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Mahindra Auto sells 32,585 SUVs with a 22% growth, and overall, 62,429 vehicles with a 15% growth in June 2023

New Delhi: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, announced on Monday that overall auto sales in June 2023 stood at 62,429 vehicles. In the utility vehicle segment, Mahindra sold 32,585 vehicles in the domestic market and a total of 33,986 vehicles includi...

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MG India partners with Jio platforms to offer in-car voice assistance solutions

MG Motor India has announced its partnership with Jio platforms to offer a wide range of connected car features in its cars. Under the partnership, the manufacturer will offer voice assistant-powered Hinglish features powered by Jio's digital assets on its latest electric offering, the Comet EV. Thi...

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Canadian pension fund invests USD 400 mn in Swedish battery maker Northvolt

Canada's Investment Management Corporation of Ontario (IMCO) has invested USD400 million in battery producer Northvolt, which will help the Swedish company expand lithium-ion battery production ahead of a possible initial public offering. Northvolt, which counts BMW and Volkswagen among its investo...

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Polestar partners with Geely's Meizu to build Chinese operating system

Swedish electric car maker Polestar said on Monday it has formed a joint venture with Xingji Meizu to build an operating system for Polestar cars sold in China that will provide the latest smart technologies in its vehicles. The venture marks another push by Geely Group to adapt cars specifica...

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After Mercedes, Volvo Cars India to go for D2C retail sales model

New Delhi: The Indian arm of Swedish luxury carmaker Volvo will sell its recently introduced second electric car offering in the country, the C40 Recharge SUV, directly to customers. Volvo India will be the second premium automaker to adopt a direct-to-customer (D2C) retail business model after Merc...

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Maruti Suzuki Jimny waiting period in India stretches up to 35 weeks

Earlier this month, Maruti Suzuki launched the Jimny SUV in India with a starting price of Rs. 12.74 lakh (ex-showroom). Bookings for the same commenced in January, and so far, the SUV has gathered more than 31,000 bookings. And now, the carmaker has revealed that the Jimny has a waiting period of s...

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