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...
Jul 10, 2023
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...
Jul 4, 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...
Jun 28, 2023
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...
Jun 21, 2023
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...
Jun 20, 2023
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...
Jun 19, 2023
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...
Jun 14, 2023
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...
Jun 6, 2023
The Federation of Automotive Dealers (FADA) has releasedthe industry sales data for May 2023. The Automotive segment registered a cumulative growth of 10.14% until May 2022 with 20,19,414 units sold. Coming to the individual segments, three-wheelers recorded the highest growth at 78.57 percent,...