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Rural demand & SUVs propel India’s record-breaking car sales in FY24

Baua Electric

Read more Rapid surges in SUV sales have propelled the growth in rural market sales for all the carmakers in India, while demand for small cars has slumped significantly. Rural India emerged as the driving force behind the record-breaking sales of passenger vehicle sales in FY24. After registering 41.2

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Brezza, Fronx SUVs continue to power Maruti sales in January

Baua Electric

By: HT Auto Desk | Updated on: 01 Feb 2024, 16:46 PM Maruti Suzuki’s SUV sales is fast catching up with the sale of its compact cars like Baleno, Swift among others. Maruti Suzuki’s sales in India continues to be boosted by the popularity of its SUVs like Fronx, Grand Vitara, Brezza and Jimny.

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2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

So, while the Covid-19 lockdowns severely affected the entire automotive industry’s value chain, it also began to embrace a fresh perspective amidst the global crisis. Domestic automobile sales saw a significant year-on-year growth of 20 percent, marking the first full year unaffected by the pandemic. Exports increased by 5.2

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Creta, Exter help Hyundai India post its highest-ever monthly sales in January

Baua Electric

By: HT Auto Desk | Updated on: 01 Feb 2024, 12:48 PM Hyundai India has attributed its positive sales performance in January 2024 to the high demand for SUVs like Creta and Exter. Hyundai India has attributed its positive sales performance in January 2024 to the high demand for SUVs like Creta and Exter.

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Hyundai Motor India clocks best-ever sales in January | Autocar Professional

Baua Electric

At 57,118 units, January 2024 sales are a strong 14% year-on-year increase (January 2023: 50,106 units). Demand for the company’s passenger vehicle range continues to be powered by the Creta midsize SUV and the recently launched Exter compact SUV.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Magna said it expects full-year 2024 sales of USD 42.6 billion to USD 44.2 billion to USD 45.4

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Changan's NEV brand Shenlan aims for 200,000 sales this year

CN EV Post

The brand unveiled its first SUV, the Shenlan S7, a similar model to the Tesla Model Y crossover, on March 5, with pricing information yet to be announced. I think the whole industry will be sustainable only if there is a value war," he said. The offer was valid from March 10 to March 31 and was limited to 10,000 units.

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