Autocar_Professional India Online News – Page 330

Maruti Suzuki CY2024 sales up 3% at 1.75 million, 710,651 UVs buffer 10% decline in cars

Maruti Suzuki India, the bellwether of the Indian passenger vehicle industry, has had a somewhat tepid calendar year 2024. At 1.75 million units (17,55,425), year-on-year growth is 3% (CY2023: 17,07,668 units). In comparison, CY2023’s 1.70 million units were a much higher 8.35% YoY increase. As the detailed 12-month wholesales table (below) reveals, Maruti Suzuki witnessed… Continue reading Maruti Suzuki CY2024 sales up 3% at 1.75 million, 710,651 UVs buffer 10% decline in cars

Strong Swift, WagonR sales indicates rural bounce-back

India’s largest carmaker Maruti Suzuki has seen a resurgence in the hatchback segment, Partho Banerjee, the company’s Senior Executive Officer for Marketing and Sales, said on Wednesday. Maruti Suzuki sold 62,324 units in December 2024, marking a 29% increase compared to 48,298 units sold in December 2023. However, cumulatively from April to December 2024, the… Continue reading Strong Swift, WagonR sales indicates rural bounce-back

Hero MotoCorp gets additional tax demand of Rs 26.4 crore

Hero MotoCorp Ltd has received an additional tax demand of Rs 26.40 crore from the Income Tax Department for the assessment year 2020-21, the company said in a filing to stock exchanges. “The company had filed its income tax return for the Assessment Year 2020-21 on December 31, 2020, which was examined by the tax… Continue reading Hero MotoCorp gets additional tax demand of Rs 26.4 crore

Suzuki Motorcycle India sales up 22% YoY in December

Suzuki Motorcycle India recorded 22% on-year growth in its December wholesales with a robust uptick in both domestic and export demand. The Indian two-wheeler unit of Japanese automaker Suzuki Motor Corp dispatched a total of 96,804 motorcycles and scooters during the month, compared with 79,483 units sold in December 2023. Domestic sales in December rose… Continue reading Suzuki Motorcycle India sales up 22% YoY in December

Electric 3W industry scales new high in CY2024: 691,000 units, Mahindra and Bajaj Auto shine

CY2024 has come and gone and the electric three-wheeler industry, the second largest in volumes after e-two-wheelers, has displayed the strongest growth trajectory. At 691,011 units retail sales, year-on-year growth was 18% (CY2023: 583,597 units) and accounted for a commanding 56% share of the total 12,20,925 three-wheelers sold in India last year. This segment is… Continue reading Electric 3W industry scales new high in CY2024: 691,000 units, Mahindra and Bajaj Auto shine

Electric 3W industry scales new high in CY2024: 691,000 units, Mahindra and Bajaj Auto shine

M&M records 20% YoY growth in December tractor sales

Mahindra & Mahindra’s Farm Equipment Sector recorded a double-digit year-on-year growth of 20% in its December volumes. The company noted that the growth reflects strong rabi sowing and positive sentiments on account of the strong cash flow Kharif harvest. The largest Indian tractor manufacturer with more than 40% market share sold 22,943 tractors in December,… Continue reading M&M records 20% YoY growth in December tractor sales

“Audacity drives us, integrity defines us”: Anand Mahindra reflects Mahindra Group’s 2024 journey

“Audacity drives us, but integrity defines us,” – with these words, Anand Mahindra, chairman of the Mahindra Group, sets the tone for his year-end address to the Mahindra Family. He reflected on the Group’s performance in 2024 and laid out a clear vision for the future. 2024 was marked by notable milestones and steady growth… Continue reading “Audacity drives us, integrity defines us”: Anand Mahindra reflects Mahindra Group’s 2024 journey