Skoda Auto has hired Rajesh Bhaseen as its new head of sales and Rahul Pansare as the new head of marketing, refilling the critical roles, which were vacant since the exits of Ajay Raghuvanshi and Tarun Jha from their respective roles in early 2023. The same was communicated to dealers in the last few days. … Continue reading Skoda Auto appoints Rajesh Bhaseen as head of sales and Rahul Pansare as new head of marketing
Author: Autocar_Professional India Online News
Maruti Suzuki sells 143,708 units in May, 65% jump in SUV-MPV sales helps buffer hatchback decline
India’s passenger vehicle market leader has announced wholesales of 143,708 units in May 2023, which marks a 15% year-on-year increase (May 2022: 124,474 units) and a 4.65% month-on-month increase (April 2023: 137,320 units). The first takeaway is that strong sales of its six-pack of SUVs have helped buffer the 30% YoY decline in sales of… Continue reading Maruti Suzuki sells 143,708 units in May, 65% jump in SUV-MPV sales helps buffer hatchback decline
Ather announces the 450S, a new variant based on its 450 platform
Electric scooter manufacturer Ather Energy has announced a new variant, the 450S, which will be powered by a 3 kWh battery pack and is expected to have an IDC (Indian Driving Conditions) range of 115 km and a top speed of 90 km/h. Its starting price is Rs 1,29,999 (exclusive of state subsidy), the press release… Continue reading Ather announces the 450S, a new variant based on its 450 platform
Lucid Group to raise US$ 3 billion primarily from PIF: Report
Luxury EV maker Lucid Group says it aims to invest US$ 3 billion via stock offerings, with prica (PIF) slated to contribute a major chunk of capital for the fundraise, Reuters reported. PIF, which has over a 60% interest in the company, has okayed securing 265.7 million shares via a private placement for roughly US$… Continue reading Lucid Group to raise US$ 3 billion primarily from PIF: Report
Lucid Group to raise US$ 3 billion primarily from PIF: Report
Luxury EV maker Lucid Group says it aims to invest US$ 3 billion via stock offerings, with prica (PIF) slated to contribute a major chunk of capital for the fundraise, Reuters reported. PIF, which has over a 60% interest in the company, has okayed securing 265.7 million shares via a private placement for roughly US$… Continue reading Lucid Group to raise US$ 3 billion primarily from PIF: Report
Toyota Kirloskar Motor sales soar 110% to 20,410 units in best-ever May and month
Toyota Kirloskar Motor has reported combined domestic and export market wholesales of 20,410 units in May 2023, which constitutes robust 110% increase over year-ago sales (May 2022: 10,216 units) and marks its best-ever monthly sales. Month on month, the increase is 32% (April 2023: 15,510 units). The May 2023 wholesales comprise domestic market sales of 19,379… Continue reading Toyota Kirloskar Motor sales soar 110% to 20,410 units in best-ever May and month
MG Motor India sells 5,006 units in May, up 25%
MG Motor India has reported retail sales of 5,006 units in May 2023, which marks 25% year-on-year growth (May 2022: 4,008 units) and a 10% month-on-month increase (April 2023: 4,551 units). The company states it remains “optimistic about growth and meeting the rising customer demand through various ongoing and planned production and operational initiatives.” MG Motor India… Continue reading MG Motor India sells 5,006 units in May, up 25%
Electric two-wheeler retails hit record 104,750 units in May before slashed FAME subsidy kicks in
Retail monthly sales of electric two-wheelers have scaled a new high of 104,755 units in May 2023, which is a month-on-month increase of 57% (April 2023: 66,724 units) and translates into 3,379 EVs on two wheels sold on each day, last month. The record retails of 104,755 units is as per end-of-day sales statistics on… Continue reading Electric two-wheeler retails hit record 104,750 units in May before slashed FAME subsidy kicks in
Electric two-wheeler retails hit record 104,750 units in May before slashed FAME subsidy kicks in
Retail monthly sales of electric two-wheelers have scaled a new high of 104,755 units in May 2023, which is a month-on-month increase of 57% (April 2023: 66,724 units) and translates into 3,379 EVs on two wheels sold on each day, last month. The record retails of 104,755 units is as per end-of-day sales statistics on… Continue reading Electric two-wheeler retails hit record 104,750 units in May before slashed FAME subsidy kicks in
KTM 200 Duke receives LED headlight, priced at Rs 1.97 lakh
Technology continues to trickle down KTM’s line-up in India, with the 200 Duke now all set to receive the LED headlight that was previously offered only on the larger 250 and 390 Dukes. This new version equipped with the LED headlight will be priced at Rs 1.97 lakh (ex-showroom). The 200 Duke was KTM’s very… Continue reading KTM 200 Duke receives LED headlight, priced at Rs 1.97 lakh