Most automobile manufacturers have committed to be compliant with the Supreme Court order banning sale of Bharat Stage IV or BS-IV fuel emission norm vehicles in the country from April 1, 2020. They feel one-and-a-half year time is sufficient to clear their inventories.
Hyundai, the South Korean car giant, on Tuesday introduced the much awaited all new Santro, the compact hatchback, to take on Maruti Suzuki and others in a fiercely competitive world’s fifth and Asia’s third biggest car market.
With an introductory price tag starting with Rs 3.90 lakh for the base trim Santro D-Lite and Rs 5.47 lakh for the top Santro Sportz at pan India showroom, the new model will take on rivals such as Maruti Suzuki Wagon R, Maruti Suzuki Celerio and Tata Motors Tiago.
Hero MotoCorp, Indi-a's largest two wheeler manufacturer on Monday expanded its scooter portfolio by launching its first 125 cc scooter Destini to take on archrival and former partner Honda Motorcycle Scooters India.
It also plans to launch another brand new scooter to gain market share in this growing segment in the country which clocked 75 per cent growth in the first six months of this fiscal.
The 125-cc scooter market is estimated to be around one lakh units per month.
Porsche, the German super sports car maker, has expanded its Cayenne sports utility vehicle range in India to boost sales in Asia’s third biggest car market during the festive season. After introducing the range-topping Turbo model earlier this year, the brand has now launched two more variants of the third-generation model – the base variant and e-Hybrid Cayenne SUV to lure buyers in India. The Cayenne brand accounts for almost 45 per cent of the Porsche product portfolio in India. The country’s luxury car segment is expected to cross 40,000 units in calendar year 2018.
Hyundai, the South Korean car giant, is all set to sizzle the little above entry level popular car market with the launch of its all new second generation Santro on October 23.
It will also be the global premier of the all new Santro in New Delhi as it will be exported to international markets, including Europe.
Mahindra & Mahindra, manufacturer of commercial vehicles on Thursday introduced new Mahindra Bolero pick-up with attractive features with a starting price of Rs 6.66 lakh to boost sales in the festive season.
The Mumbai-headquartered automaker is the market leader with 62 per cent market share led by Mahindra Bolero pick-up range in the small commercial vehicle segment. It competes with rivals Dost pick-up range from Ashok Leyland and Zenon pick-up series from Tata Motors.
It is raining discounts in the Indian automobile market. A lot of car models, which are about to get a facelift, are being rolled out of showrooms on huge discounts. In some cases, the price cut is as high as Rs 1.5 lakh. The offers will last till Diwali in November, may be beyond. “Car companies are struggling with unsold inventory piled up at dealerships across the country. That is why many are indulging in discounts and other gimmicks to desperately woo buyers,” Shekar Viswanathan, vice chairman & whole-time director at Toyota Kirloskar Motor told Financial Chronicle.
Tata Motors, India’s biggest automaker by revenues, on Wednesday introduced its compact sedan Tata Tigor facelift at the starting price of Rs 5.20 lakh to boost sales during the festive season.
The refreshed Tata Tigor competes with the Ford Aspire, Honda Amaze, Maruti Suzuki Dzire, Hyundai Xcent and the Volkswagen Ameo in the world’s fifth largest and fiercely competitive car marke.
Grand Seiko, the luxury watch brand of Japanese giant Seiko Watch Corporation, is aggressively targeting sales volumes of at least 1,000 units in two-three years targeting the billionaires, millionaires and the rich and famous in the country.
“In terms of value we are targeting sales of about Rs 50 to Rs 60 crore from our luxury Seiko brand watches in India in two-three years,” Susumu Kawanishi, senior vice president at Seiko Watch Corporation told Financial Chronicle.
Nissan Motor, Japanese car giant’s sister brand Datsun has opened pre-bookings for the new Datsun GO hatchback and Datsun GO+ multipurpose vehicle (MPV) for Rs 11,000 ahead of the festive season.
Car makes in India, the world’s fifth and Asia’s third largest car market, launch vehicles during the festive season, especially during Diwali when sales account for about 15 per cent of the annual sales.