The new, fully electric soon-to-arrive Volvo EX30 is not just designed for safety and increased sustainability, but it also focuses on features such as relaxation and enjoyment, via its tech and Scandinavian design. The company’s interior has responsible design at its core with recycled and renewable materials such as denim, flax and wool. The EX30, Volvo… Continue reading Volvo releases teaser images of all-electric EX30 SUV
Category: US Motoring Press
Mahindra & Mahindra sells 32,883 SUVs for 23% growth in May, backlog grows to 292,000 units
Mahindra & Mahindra (M&M) has reported wholesales of 32,883 SUVs in May 2023, which is a 23% year-on-year increase (May 2022: 26,632 units) but 5.21% down on April 2023’s 34,694 SUVs. The company also sold three sedans/vans last month, down 99% on May 2022’s 272 units. Cumulative sales for the first two months of FY2024… Continue reading Mahindra & Mahindra sells 32,883 SUVs for 23% growth in May, backlog grows to 292,000 units
Ola achieves record sales of over 35,000 units in May
Electric vehicle company Ola Electric has sold over 35,000 units in May, it claims in a press release. It has captured a market share of over 30% and has achieved a year-on-year growth of 300% during the last month, the release further stated. Bhavish Aggarwal, Founder and CEO, Ola Electric, said that they have marginally… Continue reading Ola achieves record sales of over 35,000 units in May
Hyundai Motor India despatches 48,601 units in May, up 15%
Hyundai Motor India has reported a domestic market wholesales volume of 48 601 units, which is a 14.91% increase over May 2022’s 42,293 units. Month-on-month, May 2023 sales are down 2.21% on April 2023’s 49,701 units. Commenting on the May 2023 sales, Tarun Garg, COO, Hyundai Motor India said, “The healthy double-digit sales growth for… Continue reading Hyundai Motor India despatches 48,601 units in May, up 15%
Skoda Auto appoints Rajesh Bhaseen as head of sales and Rahul Pansare as new head of marketing
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
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