New Delhi, July 24 (IANS) India’s automotive retail sales rose 28.6 per cent year‑on‑year in July 1–23, with all segments expanding compared with the same period last year, a report said on Friday.The report from Choice Institutional Equities said two‑wheeler sales grew 31 per cent YoY, while passenger vehicle sales rose 20.6 per cent YoY, driven by strong demand in the SUV and passenger car segments.Commercial vehicle sales recorded 27.3 per cent YoY growth, while three‑wheeler sales …
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New Delhi, July 6 (IANS) India is uniquely positioned to emerge as a trusted connector economy that links global markets, supply chains and geopolitical blocs in an increasingly fragmented world, Mahindra Group Chairman Anand Mahindra said in his letter to shareholders on Monday. He said the country’s strengths place it at the centre of the evolving global economic order, while outlining the Group’s vision for long-term growth amid rising global uncertainty.”India’s economic strengths, strategic…
Mumbai, June 1 (IANS) Leading automobile companies continued to report healthy sales momentum in May, with Hyundai Motor India Ltd (HMIL) and Mahindra & Mahindra (M&M) posting growth in domestic sales amid sustained demand, according to data released on Monday.HMIL reported domestic sales of 47,837 units in May, a 9.1 per cent year-on-year growth. Including exports of 13,300 units, the company’s total sales stood at 61,137 units, a 4.1 per cent growth compared to the same period last y…
New Delhi, May 1 (IANS) Maruti Suzuki India, the country’s largest carmaker, on Friday reported its highest-ever April sales, signalling a strong start to the new financial year driven by broad-based demand across segments, particularly small cars and SUVs.The company posted total sales of 2,39,646 units in April — marking a sharp 33.29 per cent increase over 1,79,791 units sold in the same month last year.Domestic sales also touched a record high of 1,91,122 units, up from 1,42,053 units a y…
Seoul, April 22 (IANS) The antitrust regulator here said on Wednesday it has decided to fine two local suppliers to Hyundai Motor and Kia, a combined 2.59 billion won ($1.75 million) for colluding to rig bids.SM Hwajin and Cubic Korea prearranged winners and bid prices in five tenders conducted between September 2020 and April 2023 to select contractors for surface treatment of vehicle interior materials, according to the Fair Trade Commission (FTC).The two companies were the only registered bid…
New Delhi, April 1 (IANS) Indian prominent automobile manufacturer Mahindra & Mahindra on Wednesday announced that overall auto sales for March 2026 stood at 99,969 vehicles, marking a growth of 21 per cent including exports.Utility Vehicles domestic sales touched 60,272 units in March, up 25 per cent, while overall UV sales including exports reached 62,109 units. Domestic Commercial Vehicles sales for the month were 24,928, marking a growth of 11 per cent.The company reported year‑to‑da…
New Delhi, March 12 (IANS) Audi India on Thursday announced that it will increase the prices of its cars by up to 2 per cent starting April 1, 2026. The German luxury carmaker said the price hike will apply across its entire model range in the country.The company said the decision has been taken due to rising input costs and fluctuations in currency rates, which have increased overall expenses for the automaker.According to Balbir Singh Dhillon, Brand Director of Audi India, the company has trie…
Seoul, March 4 (IANS) Hyundai Motor and Kia reported record vehicle sales for February in the United States, driven by robust demand for sport utility vehicles (SUVs) and hybrid models, the automakers said on Wednesday.The South Korean automakers sold a combined 137,412 vehicles in the U.S. last month, up 5 percent from a year earlier, according to the companies, reports Yonhap news agency.Hyundai Motor, including its luxury brand Genesis, sold 71,407 units, up 5.7 percent on-year, while Kia’s s…
Seoul, Feb 4 (IANS) Hyundai Motor and Kia reported record vehicle sales for January in the United States, driven by strong demand for sport utility vehicles (SUVs) and hybrid models, the automakers said on Wednesday.The two automakers sold a combined 125,296 vehicles in the U.S. last month, up 7.7 percent from a year earlier, according to the companies, reports Yonhap news agency.Hyundai Motor, including its luxury brand Genesis, sold 60,794 units, up 2.4 percent on-year, while Kia’s sales jumpe…
Mumbai, Feb 1 (IANS) Indian automobile manufacturer Mahindra & Mahindra Ltd. on Sunday said the company’s overall auto sales, including exports, stood at 1,04,309 vehicles in January 2026, surging 24 per cent year‑on‑year.Sports utility vehicle (SUV) domestic sales touched 63,510 units in January, up 25 per cent, while commercial vehicle domestic sales were 27,656 units, up 22 per cent, a company release said.The total exports for January were 3,577 vehicles, up 5 per cent YoY, and whi…