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Indian car dealers worry about deeper discounts amid sales slump

Baua Electric

By: Reuters | Updated on: 06 Sep 2024, 08:58 AM The Indian auto market struggles with high inventory and consumer hesitancy, prompting fears of deeper discounts. per cent, with … The Indian auto market struggles with high inventory and consumer hesitancy, prompting fears of deeper discounts. August sales fell 4.5 per cent, 12.9

Dealers 52
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Volvo Cars CEO Jim Rowan stated that the new small SUV EV will play well for them in emerging markets like India

Electric Vehicles India

Volvo Cars will unveil its new small all-electric SUV in 2024-2025. This will be a turning point for them in emerging markets like India. The range-topping EX90 SUV will also join the portfolio Swedish luxury car maker Volvo Cars plan to retrofit a small SUV in the next 12 to 18 months. to become a state.

India 86
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Leapmotor likely to introduce Tiago EV rival and SUV as in India | Autocar Professional

Baua Electric

Chinese EV brand Leapmotor, which has a joint venture (JV) with the Amsterdam-based Stellantis, may announce its India entry plan soon. Autocar India, on February 29, was the first to report on the possibility of Leapmotor making an India foray. Leapmotor, which sold a 20% stake for €1.5

India 52
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BYD India plans 90% market coverage, eyes dominance in Rs 30-lakh EV category | Autocar Professional

Baua Electric

Chinese EV maker BYD, which launched its third product – the BYD Seal EV sedan – in India on March 5, plans to enhance its market coverage from the existing 65 percent to over 90 percent in the coming years. The company says the South is the biggest EV market in India, followed by the North and West, which are almost equal.

India 52
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SUVs power best-ever February, India PV Inc set for 4.25 million sales in FY2024 | Autocar Professional

Baua Electric

The high level of wholesales / dispatches to dealer showrooms across India will propel India Passenger Vehicle Inc to a best-ever fiscal. At an estimated 38,49,319 units in the first 11 months of FY2024, India PV Inc is just 40,795 units behind FY2023’s record wholesales of 38,90,114 units. million units. million units.

India 52
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Stellantis-Leapmotor announces global expansion, to enter India by Q4 of 2024 | Autocar Professional

Baua Electric

Carlos Tavares, Stellantis’ global CEO, has announced that Leapmotor will enter the Indian market in Q4 of 2024 as part of Leapmotor International’s global expansion strategy. Autocar Professional broke the story in February and reported this week that Leapmotor will bring in the T03 and C10 into the Indian market.

India 52
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Auto dealers bet big on new launches, positive sentiment for car sales boost

Baua Electric

Read more FADA is betting big on new car launches, positive consumer sentiments, high demand for SUVs, and improved availability of cars for short and long-term passenger vehicle sales growth in 2024. In the long term, FADA hopes the passenger vehicle segment in India will see growth with new product launches and stable market sentiments.

Dealers 52