According to sources the S-Cross was not received as well as Maruti Suzuki would have originally liked but the crossover has seen a strong revival in demand in the last financial year. Maruti sold 30,923 units of the S-Cross in FY 2017-18, representing a solid 44.3 percent growth in sales over FY 2016-17. In FY 2015-16, the S-Cross found 24,077 buyers, though it must be noted that the model was only on sale for nine months during the period.
New Delhi sources stated that according to the Boston Consulting Group (BCG) survey, up to 89% of people plan to buy a new car in the next five years. As per report over 79% would refrain from buying a car if ride sharing matches car ownership for affordability and convenience.
Bengaluru sources stated that India’s tax structure is unfair to luxury car makers that want to make big investment here. Meanwhile despite that, the German automaker will continue to invest here, with its focus now turning to products in the volume segment.
According to report almost six and half years since the bumper XUV 500, a runaway success seems to have eluded Mahindra. Meanwhile it lost its position as India’s largest utility vehicle (UV) manufacturer to Maruti Suzuki, a rival that has traditionally been strong in passenger cars. Accordingly the nimbler Ford, Renault and even Jeep have capitalized on the compact segment against the once poster boy for homegrown SUVs with Ecosport, Duster, S-Cross and Compass.
New Delhi sources reported that the two-wheeler maker Honda Motorcycle and Scooter India (HMSI) is exploring options to construct a new manufacturing plant in India by 2020. Minoru Kato President and CEO, HMSI said “The Company is planning to set up a new plant in India and we are still under discussion with the Honda headquarters in Japan".
According to sources Maruti Suzuki India (MSI) is quietly gaining presence in the light commercial vehicle (LCV) space with its super Carry mini-truck registering over ten-fold jump in sales in 2017-18. Meanwhile the company, which launched Super Carry in September 2016, sold 10,033 units of the model in the fiscal ended March 31, 2018, as against just 900 units in 2016-17.
New Delhi sources reported that while India is witnessing a growing interest in shifting to electric mobility, especially buses, experts feel that supporting infrastructure will have to keep pace with the growth in the number of such vehicles in the coming years.
New Delhi sources reported that Home-grown automaker Tata Motors has become the fourth-largest passenger vehicle (PV) maker by dethroning Honda cars Indian in the FY18. Meanwhile according to the data shared by both the companies, Tata Motors sold 187,321 units in the April 2017-March 2018 period, growing at a rate of 22%, whereas Honda Cars India sold 170,026 units in the same period, growing at a rate of 8%.
New Delhi sources reported that Union Minister Nitin Gadkari said soon vehicles will come fitted with number plates and the cost will be included in the four-wheeler' price. Meanwhile at present, a vehicle license plate which is attached to vehicles bearing its official registration number, commonly known as "a number plate" is procured by various states separately from designated agencies.
New Delhi sources reported that exports in the passenger vehicle (PV) segment (cars, utility vehicles and vans) are set to see a moderate drop for the first time in 2017-18, after a period of six years. Meanwhile the 11-month period of April 2017-February 2018 saw exports of cars and UVs declining by 1.80%, steadily rising from 508,783 units in 2011-12 to 758,830 units in 2016-17.
According to sources in the Heavy Industry Ministry, which has proposed the outlay and road-map for the scheme, the government has decided to adopt a 'technology agnostic' approach and only advanced chemistry batteries will be promoted in the Phase II of the scheme. Meanwhile the second phase of the scheme
New Delhi sources have stated that India will give incentives to battery makers to set up more manufacturing units as the government looks to intensify the promotion of electric vehicles. Meanwhile the ministry for renewable energy said Prime Minister Narendra Modi's administration has set a goal to ensure all new vehicles sold in the country are electric by 2030. But such vehicles are expensive due to the high cost of batteries, most of which are imported.
New Delhi sources stated that taxi permits may be liberalized so that private cars can easily be converted and used as taxis by service aggregators,” set up to formulate an action plan to reform the country’s transport system and make it less polluting. As per the report finalized by the panel, which included representatives of various ministries and the Niti Aayog government think tank, the report makes it clear that passenger safety needs to be ensured under such a regime and has to be address
New Delhi sources reported that according to the latest data released by Society of Indian Automobile Manufacturers (SIAM), HMSI sold 1,801,390 units in the April 2017-February 2018 period, growing at 19.4%, while Bajaj Auto sold 1,815,590 units in the same period, de-growing at 1.89%.
Sources from Geneva said plans to bring in new products in order to have presence in around 95% of Indian passenger vehicles market by 2020, besides working on offering "electric solution" on most of its portfolio going forward. Presently the company sells a range of vehicles from hatchback to SUVs playing in about 70% of the market in India.