The maker of premium utility vehicles such as Innova and Fortuner recorded a market share of 4.86% in the first half of FY20, posting an increase of 23 basis points, compared with a 4.63% market share in the same period last fiscal.
“We are doing well in the smaller markets. We expect half of our growth to come from these tier two and mini-metros in future,” said Charles Frump, managing director at Volvo Car India.
GNCAP tested the Brezza and Nexon that come with two front airbags as standard, and Renault's Lodgy multipurpose vehicle that didn’t have airbags.
South Korea’s Hyundai Motor exports cars and SUVs to 88 countries across Africa, the Middle East, Latin America, Australia and the Asia Pacific from India.
To meet the target and future emission rules, the company has planned an investment of Rs 450 crore in the next two years.
The investment — it excludes the Rs 500 crore it is investing in PSA-Avtec Powertrain, an equally owned joint venture with French automaker PSA — will enable the company to boost its revenue to Rs 2,500 crore a year in the next three years,
The sales and production number released by Society of Indian Automobile Manufacturers (SIAM) suggest that the sales of the two models were steadily declining.
Many automakers used tools like Facebook Live, Twitter periscope, content posting and 360-degree camera during the Auto Expo 2018 to reach the audience.
Union Budget 2018: EV makers seek incentive boosters in form of lower GST, registration charge exemption
The electric vehicle makers want the finance minister to reduce GST to flat 5 percent on both vehicles and parts.
The carmakers feel a lower Goods & Service Tax (GST) and upper cap on income tax will help create demand for luxury cars.
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