NEW YORK, Aug. 3, 2023 /PRNewswire/ — The electric sports utility vehicle (e-SUV) market size is expected to grow by USD 83,748.62 million during 2022-2027, progressing at a CAGR of 25.19% as per the latest Technavio market research report. APAC will account for 33% of the market’s overall growth. China and India are the major contributing countries to the regional… Continue reading Electric Sports Utility Vehicle (e-SUV) Market to grow by USD 83,748.62 million from 2022 to 2027| 33% of the market growth to originate from APAC – Technavio
Tag: Suzuki
ACMA’s Automotive Raw Materials Conclave and Exhibition stresses need for new-age sustainable materials
The Automotive Component Manufacturers Association of India (ACMA) in partnership with the Alloy Steel Producers Association (ASPA) organised the third edition of the Automotive Raw Materials Conclave and Exhibition. The event, which was held in New Delhi on August 3, was centered around the subject – ‘New Age Materials – Challenges & Opportunities’ – and… Continue reading ACMA’s Automotive Raw Materials Conclave and Exhibition stresses need for new-age sustainable materials
Maruti to manufacture EVs for Toyota, Suzuki for global markets
Maruti Suzuki India Limited (MSIL) will take over the reins of the Gujarat plant from Suzuki Motor Corporation, thereby terminating the contract manufacturing agreement between the two partners. Maruti Suzuki’s first born-EV being jointly developed with Toyota (codename: YV8) is slated to roll out from this plant by 2025. The plant takeover has been approved by the companies’… Continue reading Maruti to manufacture EVs for Toyota, Suzuki for global markets
Hero tops bike, scooter sales chart in July 2023, Honda a close second
Sales figures for the six heavyweights in the Indian two-wheeler market are out for July 2023, and here’s how each company fared. Hero MotoCorp: 3,71,204 units Despite recording a 12.19 percent decline compared to its June 2023 sales figure (4,22,757 units), Hero continues to lead the market. The company also reported a 13.81 percent decline when compared… Continue reading Hero tops bike, scooter sales chart in July 2023, Honda a close second
Maruti Suzuki Alto drives past 4.5 million sales 23 years after launch
The Maruti Suzuki Alto has become India’s highest selling car, having clocked cumulative sales of 45 lakh or 4.5 million units. The latest milestone for the small car comes 23 years after it was launched. The Alto saw strong consumer acceptance soon after its launch and by 2004 it had become the best-selling car in… Continue reading Maruti Suzuki Alto drives past 4.5 million sales 23 years after launch
Suzuki dealer association: “Only informed about the additional agreement”
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Tyre maker Goodyear India’s Q1 profit rises as low rubber prices offsets weak demand
BENGALURU (Reuters) – Tyre manufacturer Goodyear India reported a higher quarterly profit as a drop in raw material prices helped make up for its first revenue fall in 12 quarters on low demand. The Indian unit of U.S.-based Goodyear Tire and Rubber Co said standalone profit rose 4% to 392.6 million rupees ($4.8 million) in… Continue reading Tyre maker Goodyear India’s Q1 profit rises as low rubber prices offsets weak demand
SUVs power July sales to a record high, tepid small car demand drags growth to low single digit
With seven of the 16 car, SUV and MPV manufacturers in India announcing their wholesale numbers for July 2023, it is amply clear that the 325,000-unit sales mark has been surpassed for the seventh month in a row. While the cumulative sales of these seven OEMs add up to 317,356 units, it is estimated that… Continue reading SUVs power July sales to a record high, tepid small car demand drags growth to low single digit
Global ATV and UTV Market Set to Reach $17.6 Billion by 2030: Honda, Deere & Company, and Bombardier Leading the Charge
DUBLIN, Aug. 1, 2023 /PRNewswire/ — The “Global ATV and UTV Market Size, Share & Industry Trends Analysis Report By Vehicle Type, By Fuel Type, By End Use (Mountaineering, Military, Agriculture, and Others), By Displacement, By Power Output, By Regional Outlook and Forecast, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering. According to… Continue reading Global ATV and UTV Market Set to Reach $17.6 Billion by 2030: Honda, Deere & Company, and Bombardier Leading the Charge
Maruti Suzuki tapped to oversee group’s Indian auto production
TOKYO — Suzuki Motor announced plans Monday to consolidate auto production in India under local subsidiary Maruti Suzuki, as the Japanese automaker seeks to improve production efficiency. Under the move, Suzuki Motor Gujarat (SMG), a wholly owned subsidiary of Suzuki that manufactures four-wheeled vehicles, will become a wholly owned unit of Maruti Suzuki. The company plans… Continue reading Maruti Suzuki tapped to oversee group’s Indian auto production