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• BMW India has made a sales record of 5171 cars in H12018

  BMW Group India has registered an amazing sales record of 5171 cars in the first half of 2018. With this, it has attained a growth rate of 13% with all the 3 brands namely BMW, MINI, and Motorrad. As per the recent sales record posted by the company, while BMW India has sold 4890 cars at a notable growth rate of 12% compared to the sales record of 2017, the MINI brand has sold 281 cars at a growth rate of 30% against the sales data of 2017. Coming to the premium BMW Motorrad, this model has sold 2018 units within the first 6 months of the current year. According to Vikram Pawah, the President of BMW Group India, their strategy of introducing new range of innovative products in the luxury car segment of the country has worked and giving out significant results.

  

  12 July 2018

• Audi expects half its global sales to come from SUVs by 2025

  Audi has announced that it expects half of its sales to come from its SUVs by the year 2025. The automobile manufacturer sold more than 1.25 lakh units in the month of May. This is an increase of 16 percent in sales when compared with the sales during the same month last year. The company is planning to focus mainly on SUVs and crossovers. Audi is planning to release Q1, a car that will compete with the likes of the BMW X1. They are also planning to release a Q4 SUV that is all set to compete with the Range Rover Evoque. International dealerships for these cars are expected to begin soon but the vehicles will be arriving in India only sometime next year.

  

  20 June 2018

• Hyundai launches 2018 i20 CVT priced at Rs.7.04 lakh

  The Hyundai i20 CVT is now available to purchase at dealerships. The car is priced at Rs.704 lakh for the Magna variant while the Asta variant is priced at Rs.8.16 lakh. The introduction of the CVT automatic feature is one of the major changes coming with the new variants. With the facelift of the new i20, Hyundai has tried to take advantage of the vehicular tax laws in place in India by using a 83 hp, 1197 cc petrol engine. This is helped in setting a more competitive price in comparison to the older model of the i20 automatic.

  

  22 May 2018

• Suzuki and Toyota make a marketing pact

  Suzuki and Toyota have made an agreement to provide certain car models to each other for the Indian market. The car models include hybrids as well. The cars are to be sold via their own sales networks by the two companies' Indian subsidiaries. Toyota will supply Corolla to Suzuki while Suzuki will supply Vitara Brezza and Baleno to Toyota. The two carmakers are focussed on procuring components for these car models locally while also looking for more collaborative projects. Toyota will benefit from having Vitara Brezza and Baleno as it will increase the sales volume. With Suzuki's large showroom network across India, Toyota's Corolla Altis will see an increase in sales volume. On the other hand, Maruti will be entering a higher price range by selling Corolla Altis at Rs.15 lakh ex-showroom price. Suzuki will likely benefit from Toyota's electric and hybrid vehicle technology.

  

  19 April 2018

• Rural demand for Utility Vehicles boosts car sales

  During the period of April to March 2018, carmakers have sold over 33 lakh passenger vehicles (PVs) which is a record in any given financial year in India. The boost in car sales is mainly attributed to the healthy demand for Utility Vehicles (UVs) in the market. Domestic PV sales grew 7.89% at 32.87 lakh units sold in the last fiscal year as per the data compiled by Society of Indian Automobile Manufacturers (SIAM). Car sales in India increased by 3.33% at 21.73 lakh units out of which the UV sales was 21% at 9.21 lakh units. The demand for UVs is mainly from small towns and semi-urban areas. In the last fiscal, utility vehicles production crossed the 1 million target while passenger vehicles production surpassed the 4-million mark. According to SIAM, the rural demand for PVs will support its sales growth in FY19.

  

  16 April 2018

• Maruti to launch dedicated sales channel to concentrate on cab aggregator segment

  Leading carmaker Maruti Suzuki India has plans to create an exclusive business model in a proposal to tap into conventional buyers better. As a part of this model, the company is looking at setting up a dedicated sales channel to provide holistic end-to-end solutions including sales, service, insurance, and finance. The launch is expected to happen in the later part of the current financial year. After the launch of True Value and Nexa, this will be the next huge strategic move by the carmaker and is likely to disrupt the car usage pattern of companies like Uber and Ola.

  At the moment, Maruti deals with institutional buyers by means of a devoted team functioning under a separate vertical who offers the buyers special packages. The proposed channel will aid the company address these buyers in a better way. Apart from just selling cars to cab aggregators, the company intends to differentiate itself by offering a gamut of services to the buyers ranging from after sales, car lease option, insurance, and finance.

  

  9 April 2018

• MG Motors expected to launch an SUV in India in 2019

  MG Motor India’s (MGMI) is set to launch a new age SUV in the second quarter of 2019. MG Motor's new SUV promises premium feel, good looks, and advanced features. It will likely compete with Jeep Compass and Hyundai Creta. Following the launch of the new SUV, the British carmaker, MG plans to launch a new product in India every year. SIAC bought the Halol plant last year and the production of MG cars will begin there from next year. MG Motors targets 80% localisation which in turn, will help with competitive pricing. Initially, the carmaker will deal with 60 to 65 dealers for increased customer satisfaction over the next few years.

  

  30 March 2018

• Maruti Suzuki to launch a new mid-size SUV in 2019

  Maruti Suzuki which is a market leader in the Indian automotive sector is planning to boost its portfolio by launching a new SUV in 2019. The carmaker has identified certain segments where it needs to expand its presence in order maintain its top position in the Indian market and the global market. Till now, Maruti Suzuki has only the compact SUV Vitara Brezza in the SUV segment. A new mid-size SUV may open up a market of 15,000 to 20,000 per month for the company. Maruti aims to hit 2.25 million units capacity by 2020. The carmaker had recently showcased a new concept called Future S which is a fusion of an SUV and a hatchback at the 2018 Auto Expo. Till 2020, Maruti has planned a series of launches that include new models and upgrades of the existing ones.

  

  23 March 2018

• Audi: Hike in car prices from 1 April 2018 by up to Rs.9 lakh

  Audi, the German luxury carmaker is set to increase the prices of its cars by up to Rs.9 lakh starting from 1 April 2018. The hike in Audi car prices is due to the impact of increased customs duty and the social welfare surcharge (replacing education cess) in the Union Budget 2018. The customs duty on completely knocked down imports of motor vehicles has increased to 15% from 10%. The customs duty on specified motor vehicle parts has increased to 15% from 7.5%. The price hike will range from Rs.1 lakh to Rs.9 lakh across Audi car models.

  

  19 March 2018

• Mercedes' W09 launched at the Silverstone circuit

  On 22 February, Mercedes' 2018 car, the W09 was launched at the Silverstone circuit. The W09 was driven by Valtteri Bottas and Lewis Hamilton, the reigning world champion. Mercedes has won the last 4 championships in the driver and constructor categories. If it wins for the 5th time, then it will match Ferrari's record set in the early 2000s. W09 is an evolution of W08. Mercedes hopes the W09 to keep up top position in the V6 turbo hybrid era.

  

  27 February 2018