Autocar_Professional India Online News – Page 1496

OEMs should work on model mix at dealerships: FADA President

At the second banking and insurance summit held in Mumbai last month, the President of the Federation of the Automobile Dealers Associations of India (FADA) said that the rising higher interest cost from ballooning inventories due to demand slowdown and a poor model mix from OEMs is weighing down dealerships’ profitability and ability to invest… Continue reading OEMs should work on model mix at dealerships: FADA President

Auto finance: The tug of war

Product planners at automotive OEMs are responsible for models that are to be produced and sold, but many may not know that dealers also have a big advisory role, as they are the ones who are in direct contact with the market and have a greater understanding of what sells and what doesn’t. In a… Continue reading Auto finance: The tug of war

Insurance commission rule changed for auto dealerships

Auto Dealers facing multiple challenges from the overall demand slowdown have to also negotiate changes in IRDAI norms impacting existing commission structures creating greater pressure on their bottom lines. At the recently concluded second FADA summit on Banking and Insurance in Mumbai,representatives of several automotive dealerships told Autocar Professional that even as dealer representatives are… Continue reading Insurance commission rule changed for auto dealerships

Ashok Leyland charts plans to get future ready

It’s exciting times for Ashok Leyland, India’s second largest medium and heavy truck maker. Having scaled a new peak in FY23, the company has defined a long term road map that envisages all round growth in volumes, market share, product portfolio, technology without compromising on the bottom line. In an investor meet held in June,… Continue reading Ashok Leyland charts plans to get future ready

‘We were running and also changing shoes at the same time’: B Govindarajan

As new global competition embarks on their India journey, Royal Enfield, the undisputed, mid-size motorcycle leader is spreading wings globally and in turn will challenge the likes of Harley-Davidson and Triumph in their own home turf. With the highest ever annual capex, the maker of the fabled Bullet motorcycle is readying itself for a product… Continue reading ‘We were running and also changing shoes at the same time’: B Govindarajan

‘We were running and also changing shoes at the same time’: B Govindarajan

Premium SUVs drive Maruti Suzuki to pole position in Rs 10 lakh to Rs 20 lakh bracket

Maruti Suzuki, the country’s largest carmaker has swiftly turned into a primary choice for car upgraders in India – i.e. Rs 10 lakh to Rs 20 lakh segment. A small car specialist, which has over 61% segment share in the sub-Rs 10 lakh category – with its new range of premium hatchbacks, SUVs, and MPVs,… Continue reading Premium SUVs drive Maruti Suzuki to pole position in Rs 10 lakh to Rs 20 lakh bracket

GM sells over 526,000 vehicles in China in Q2 CY2023

GM has posted 9% sales growth in Q2 CY2023 (April-June 2023) including record new energy vehicle (NEV) sales of over 115,000 units for the quarter, and achieved a strong mainstream market presence led by the Buick Electra E5 and E4. In Q1 CY2023, GM had sold 462,000 vehicles in China. GM says it is on track… Continue reading GM sells over 526,000 vehicles in China in Q2 CY2023

BMW Motorrad’s new CE 02 urban runabout is an eParkourer

BMW Motorrad has taken the covers off its new CE 02, another e-vehicle for urban operations. It comes around two years after the CE 04 was rolled out and it’s neither an e-scooter nor an e-motorcycle. The company bills it as the ‘eParkourer’, a dynamic partner for a new kind of mobility and provides great… Continue reading BMW Motorrad’s new CE 02 urban runabout is an eParkourer