German luxury carmaker, Mercedes-Benz, which is the No. 1 luxury player in India’s car market and clocked 17,408 units in CY23, plans to introduce 6 new top-end models – categorised as products with pricing hovering around the Rs 1.5 crore-and-above mark – in CY24. The company presently sees top-end vehicles (TEVs) contributing around 25 percent… Continue reading Half of Mercedes-Benz India’s new launches in CY24 to be in top-end space
Author: Autocar_Professional India Online News
Half of Mercedes-Benz India’s new launches in CY24 to be in top-end space
German luxury carmaker, Mercedes-Benz, which is the No. 1 luxury player in India’s car market and clocked 17,408 units in CY23, plans to introduce 6 new top-end models – categorised as products with pricing hovering around the Rs 1.5 crore-and-above mark – in CY24. The company presently sees top-end vehicles (TEVs) contributing around 25 percent… Continue reading Half of Mercedes-Benz India’s new launches in CY24 to be in top-end space
Mercedes Benz India records highest ever annual sales in CY2023 with 10%YoY growth
German luxury car maker Mercedes Benz clocked its highest-ever annual sales in India during the calendar year 2023 with a growth of 10% in volume on a year-on-year basis. The growth came on the back of a robust uptick in sports utility vehicles, sedans, and electric vehicles. Mercedes Benz India sold 17,408 units in 2023,… Continue reading Mercedes Benz India records highest ever annual sales in CY2023 with 10%YoY growth
Hyundai Motor to invest Rs 26,180 crore in Tamil Nadu till 2032
Chennai-based Hyundai Motor India has announced investment of an additional Rs 6 180 crore in Tamil Nadu, at the Tamil Nadu Global Investors Meet 2024. This investment includes Rs 180 crore towards a dedicated ‘Hydrogen Valley Innovation Hub,’ in association with IIT Madras. An MoU (Memorandum of Understanding) was signed between Unsoo Kim, MD & CEO, Hyundai Motor India and V… Continue reading Hyundai Motor to invest Rs 26,180 crore in Tamil Nadu till 2032
Honda 2Wheelers India’s third scooter assembly line at Gujarat plant goes on stream
Honda Motorcycle & Scooter India (HMSI) has inaugurated its new and third assembly line at its fourth two-wheeler plant at Vithalapur in Gujarat, adding a capacity of 650,000 units pe annum. HMSI’s state-of-the-art Vithalapur facility is Honda’s largest scooter-only plant in the world. The inauguration took place on January 5. Honda’s best-selling two-wheeler and India’s best-selling scooter – the Activa – and… Continue reading Honda 2Wheelers India’s third scooter assembly line at Gujarat plant goes on stream
Ashok Leyland records highest ever sales volumes of 198,113 CV units in CY23
Ashok Leyland, the flagship of the Hinduja Group commercial vehicle manufacturer has recorded an all-time high sales of 198,113 commercial vehicle units in CY23, surpassing the previous record established in 2018. This is the highest-ever sales volume in the history of the company, noted a press release. Shenu Agarwal, Managing Director and CEO, Ashok Leyland… Continue reading Ashok Leyland records highest ever sales volumes of 198,113 CV units in CY23
Auto retails increase 11% in CY2023 to 23.8 million units, all segments record growth
CY2023 has been a good year for India Auto Inc and the real-world sales growth story is revealed in the retail sales figures released by the Federation of Indian Automobile Dealers Associations (FADA). A total of 2,38,67,990 vehicles across all segments (two- and three-wheelers, passenger vehicles, commercial vehicles and tractors) were sold in CY2023, up… Continue reading Auto retails increase 11% in CY2023 to 23.8 million units, all segments record growth
Dana India’s Gajanan Gandhe conferred IIT-Bombay’s Distinguished Service Award
Gajanan Gandhe, Country Head and Vice-President of Dana India, has been conferred with the Distinguished Service Award at the Indian institute of Technology Bombay (IIT-Bombay). The presentation ceremony took place recently at the institute’s Annual Alumni Day held recently at the campus. Gajanan Gandhe, a graduate in civil engineering and an IIT alumni, received IIT-Bombay’s… Continue reading Dana India’s Gajanan Gandhe conferred IIT-Bombay’s Distinguished Service Award
Cipia awarded four new models by European heavy-duty truck maker
Cipia, an AI computer vision in-cabin automotive solutions provider, has announced that it had been awarded four new design wins with an existing global OEM customer. The new deal will see Cipia’s Driver Sense driver monitoring system integrated into four heavy-duty truck models to be manufactured in Europe. Start of production is expected during Q4 2025.… Continue reading Cipia awarded four new models by European heavy-duty truck maker
TVS and Hyundai announce new investments at Tamil Nadu Global Investors Meet 2024
The two-day Tamil Nadu Global Investors Meet 2024 which opened in Chennai today has seen the signing of a number of MoUs between the private sector and the Tamil Nadu government. From the automotive industry, there were three announced today –TVS Motor Co, Hyundai and Vietnamese EV maker, VinFast. The Chennai-based TVS Motor Co… Continue reading TVS and Hyundai announce new investments at Tamil Nadu Global Investors Meet 2024