Exclusive: Volkswagen Group scouting for partners in India

Europe’s largest carmaker Volkswagen Group is scouting for a partner in India, even as it seeks to expand its market penetration through its wholly-owned local subsidiary Skoda Auto Volkswagen India Pvt Ltd (SAVIPL), which is steered by the Czech carmaker.  Sources say Volkswagen has been keen on partnering with another automaker in India and is… Continue reading Exclusive: Volkswagen Group scouting for partners in India

Exclusive: Volkswagen Group scouting for partners in India

Europe’s largest carmaker Volkswagen Group is scouting for a partner in India, even as it seeks to expand its market penetration through its wholly-owned local subsidiary Skoda Auto Volkswagen India Pvt Ltd (SAVIPL), which is steered by the Czech carmaker.  Sources say Volkswagen has been keen on partnering with another automaker in India and is… Continue reading Exclusive: Volkswagen Group scouting for partners in India

Exclusive: Volkswagen Group scouting for partners in India

Europe’s largest carmaker Volkswagen Group is scouting for a partner in India, even as it seeks to expand its market penetration through its wholly-owned local subsidiary Skoda Auto Volkswagen India Pvt Ltd (SAVIPL), which is steered by the Czech carmaker.  Sources say Volkswagen has been keen on partnering with another automaker in India and is… Continue reading Exclusive: Volkswagen Group scouting for partners in India

Mitsubishi Corp. to set up car dealer network in India

TOKYO/CHENNAI, India — Japanese trading house Mitsubishi Corp. will enter the car sales business in India this summer, taking a stake of more than 30% in an Indian company that operates car dealerships in the South Asian nation. India ranks third in the world in new car sales after China and the U.S., but Japanese… Continue reading Mitsubishi Corp. to set up car dealer network in India

Two million EVs power European car market to strongest post-pandemic year

A 28% rise in electric car sales boosted Europe’s new car market to its strongest year since the Covid pandemic, according to industry analyst Jato Dynamics. A total of 12,792,151 cars were sold across Europe in 2023, up 14% on 2022 and a 7% increase over 2020. Jato Dynamics analyst Felipe Munoz hailed the increase as a normalisation… Continue reading Two million EVs power European car market to strongest post-pandemic year

Two million EVs power European car market to strongest post-pandemic year

A 28% rise in electric car sales boosted Europe’s new car market to its strongest year since the Covid pandemic, according to industry analyst Jato Dynamics. A total of 12,792,151 cars were sold across Europe in 2023, up 14% on 2022 and a 7% increase over 2020. Jato Dynamics analyst Felipe Munoz hailed the increase as a normalisation… Continue reading Two million EVs power European car market to strongest post-pandemic year

Hyundai Creta crosses a million sales in India

The Hyundai Creta, launched in July 2015, has clocked a new milestone in India. The country’s best-selling midsize SUV is estimated to have surpassed a million sales this month (by mid-February 2024). At the end of January 2024, the Creta had clocked estimated sales of 993,783 units, needing only 6,217 units to achieve a million… Continue reading Hyundai Creta crosses a million sales in India

SUV sales in pedal-to-metal mode, race towards 2.5 million units in FY2024

FY2024, which is 42 days away from closure on March 31, 2024 is going to set new benchmarks for the utility vehicle (UV) segment in particular and the overall passenger vehicle (PV) segment in general. That’s because with the first 10 months of FY2022 over, wholesale numbers for UVs at 20,61,075 units have zipped past… Continue reading SUV sales in pedal-to-metal mode, race towards 2.5 million units in FY2024

SUV sales in pedal-to-metal mode, race towards 4.5 million units in FY2024

FY2024, which is 42 days away from closure on March 31, 2024 is going to set new benchmarks for the utility vehicle (UV) segment in particular and the overall passenger vehicle (PV) segment in general. That’s because with the first 10 months of FY2022 over, wholesale numbers for UVs at 20,61,075 units have zipped past… Continue reading SUV sales in pedal-to-metal mode, race towards 4.5 million units in FY2024

Nexon, Brezza and Creta battle for SUV crown in FY2024

As demand continues to soar for SUVs as well as MPVs in India, leading utility vehicle (UV) manufacturers have ramped up production of their popular models to deliver as many as they can to a hungry market. In the first 10 months of FY2024, a total of 20,61,075 utility vehicles (UVs) have already been sold,… Continue reading Nexon, Brezza and Creta battle for SUV crown in FY2024