Passenger vehicle sales remain subdued in Jan

Passenger vehicle sales in January continued to remain tepid with top six carmakers reporting flat and decline in sales. Prospective buyers put off their decision to buy cars due to rise in cost of ownership.

Higher insurance cost, liquidity crunch and price hikes by automakers in the range of 1-5 per cent across models from January 1 kept prospective customers away from the showrooms.

Sales at dominant market leader Maruti Suzuk remained flat last month selling 1,39,440 units as against 1,39,189 units it had sold last year.

Mercedes creates luxury MPV space with new V-Class car at Rs 68.40 lakh

Mercedes-Benz, India’s biggest German luxury car maker by sales, on Thursday introduced its luxurious people-mover, the Mercedes V-Class to target five-star hotels, business houses and VIP transport agencies in the country.

While the V-Class Expression Line variant is priced Rs 68.40 lakh, the top-end Exclusive Line variant costs Rs 81.90 lakh at pan India showroom.

While the multi-purpose vehicle or MPV segment is not all new for the Stuttgart-based carmaker in India, this is nonetheless a bold step for the German firm.

Nissan Kicks in competition in the SUV turf

Japanese automaker Nissan on Tuesday launched its new compact SUV model Kicks in India to take on rival SUVs in the world’s fifth fiercely competitive car market in India and to boost sales.

Priced between Rs 9.55 lakh and Rs 14.65 lakh, the Nissan Kicks SUV will compete with the likes of Hyundai Creta, the Renault Captur, Maruti Suzuki S-Cross and Mahindra XUV300, which are priced in the range of Rs 8.85 lakh and Rs 15.64 lakh.

All-new BMW X4 luxury SUV launched at Rs 60.60 lakh

BMW, Indian second biggest German luxury carmaker by sales, on Monday expanded its product portfolio by introducing the all new second generation BMW X4, a sports activity coupe to take on archrival Mercedes-Benz and others.

Produced at its Chennai factory, the top end BMW X4 xDrive30d M Sport is priced at Rs 65.90 lakh while base variant BMW X4 xDrive20d M Sport costs   Rs. 60.60 lakh at pan India showroom. The petrol variant called BMW X4 xDrive30i M Sport is priced at Rs 63.50 lakh.

Bajaj Auto brands itself as The World’s Favourite Indian

Bajaj Auto, India’s biggest exporter of motorcycles, on Monday released its new identity as ‘The World’s Favourite Indian’ to announce its distinction from a domestic scooter maker to a global motorcycle powerhouse.

The Pune-based automaker also announced that it would launch an electric scooter “soon”.

Rajiv Bajaj, managing director at Bajaj Auto, said “the launch of the electric scooter will happen soon" at the launch of a new brand campaign for Bajaj Auto in New Delhi.

Volvo, BMW sales in top gear

At a time when auto makers are struggling to sell passenger vehicles in the world’s fifth and Asia’s third biggest car market and reported decline, the luxury car brands such as Swedish Volvo and German BMW have bucked the trend recording double digit growth albeit on lower base last calendar year.

Driven by new product range such as XC40 and XC60 sport utility vehicles, the Indian arm of the Swedish brand famous for its safety has in fact emerged as the fastest growing brand in India.

Mahindra to launch new compact SUV XUV300 in Feb

Mahindra and Mahindra on We-dnesday unveiled the brand name of its much awaited new car as the XUV300 (pronounced as XUV, 3 double ‘Oh’) SUV to regain its lost share to Maruti Suzuki.

The company confirmed that it would launch its all-new subcompact SUV in February next year in the highly price conscious world’s fifth and Asia’s third biggest car mart to take on Maruti Suzuki which had snatched its pole position as utility vehicle maker in the country last fiscal.

Audi E-tron GT concept car unveiled as electric flagship

German luxury car maker on Thursday announced a new electric vehicle or EV called the E-Tron GT Concept at the LA Auto Show just two months after it had debuted its first electric car, the E-Tron SUV.

It’s a sleek sedan that gets its electric power from the same drivetrain and battery platform that will be in Porsche’s first EV, the Taycan. Audi said the Concept car was unveiled at this week’s LA Auto Show, and will go on sale in just two years, with deliveries starting in early 2021.

Porsche launches next-gen 911 range

Porsche, the German super sports car maker, has launched the eighth generation of its iconic sports car, Porsche 911, the top range in the international market.

Though there is no word on when the new 911 range will come to India, its two variants — 911 Carrera S and 911 Carrera 4S — models are available for order now.

First deliveries are expected mid next year even as the company has not yet revealed its price.

Maruti Suzuki Swift crosses 2m sales milestone

Maruti Suzuki, India’s biggest carmaker by sales, on Tuesday crossed the 2 million sales milestone of its popular model Swift hatchback in the country, Asia’s third largest car market.

Maruti Swift hatchback was launched 13 years ago in May 2005 in the fiercely price conscious competitive domestic car market. The Swift has seen three generations since its launch and is notable for being one of the first premium hatchbacks to have been sold in the country.