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Carmakers post record sales in Oct driven by festive demand GST rate cut

Carmakers post record sales in Oct driven by festive demand GST rate cut

by AIP Online Bureau | Nov 1, 2025 | Eco/Invest/Demography, Indian News

“In October, we did a retail of 2,42,096 units, which is a growth of almost 20 per cent over the last year,” Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee, told reporters in a virtual interaction. It was the...
Rising input costs to meet safety norms, consumer demand force carmakers to hike prices

Rising input costs to meet safety norms, consumer demand force carmakers to hike prices

by AIP Online Bureau | Apr 3, 2025 | Eco/Invest/Demography, Indian News

According to industry players, safety requirements like 3-point ELR seat belt and reinforcement of rear seats for luggage retention have added to the cost of passenger vehicles in India. New Delhi: Rising input costs to meet mandatory safety requirements as well as...
SUV sales a bright spot in carmakers’ October dispatches to dealers

SUV sales a bright spot in carmakers’ October dispatches to dealers

by AIP Online Bureau | Nov 1, 2024 | Data, Eco/Invest/Demography, Indian News, Non-Life

Demand for new cars has slowed after two years of surging growth, forcing automakers to moderate sales to dealers and dish out higher discounts as showroom owners grapple with rising levels of unsold cars New Delhi: Some top Indian carmakers reported a surge in sports...
Slumping EV prices force carmakers to repay leasing firms

Slumping EV prices force carmakers to repay leasing firms

by AIP Online Bureau | Feb 22, 2024 | Eco/Invest/Demography, International News, Technology

Leasing companies are demanding concessions from EV makers, including agreements that manufacturers will buy back vehicles, to protect against further erosion in the $1.2 trillion second-hand car market Carmakers have begun compensating leasing companies for the...

Carmakers post sales growth in June as semiconductor woes show signs of easing out

by AIP Online Bureau | Jul 2, 2022 | Eco/Invest/Demography, Indian News, Non-Life

”Despite the global supply chain constraints, we are still managing to achieve milestones in record time,” Kia India Vice President & Head of Sales and Marketing Hardeep Singh Brar said New Delhi: Major carmakers, including Maruti Suzuki, Hyundai, Tata...
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