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Automakers expect PV industry growth rate to moderate in 2024 

Kiran Murali     calendar02 Jan 2024

A high-volume base along with weakness in the demand for small cars, and higher borrowing costs are expected to reduce the pace of growth in 2024. 

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Exclusive: Maruti Suzuki plots two new SUVs to further increase market share News National
Exclusive: Maruti Suzuki plots two new SUVs to further increase market share

By Ketan Thakkar calendar02 Jan 2024

The SUV market leader plans to introduce an entry-level model as an alternative to hatchbacks and a top-of-the-line, t...

Mahindra achieves another record year: 433,172 units in CY2023, up 29% Analysis Sales
Mahindra achieves another record year: 433,172 units in CY2023, up 29%

By Ajit Dalvi calendar01 Jan 2024

Riding on the surging wave of demand for most of its products along with ramped-up production, the SUV manufacturer po...

Honda Cars India registers 12% growth with 7,902 units in domestic sales during December’23 News
Honda Cars India registers 12% growth with 7,902 units in domestic sales during December’23

autherAutocar Professional Bureau calendar01 Jan 2024

The company had registered 7,062 units in domestic sales and exported 1,388 units in Dec’22.

Hyundai Motor India hits all-time high sales of 602,111 units in CY2023 Analysis Sales
Hyundai Motor India hits all-time high sales of 602,111 units in CY2023

By Ajit Dalvi calendar01 Jan 2024

Powered by demand for its SUVs, particularly for the Creta and the new Exter, Hyundai registers 9% growth. Along with ...

Tata Motors records best-ever annual sales in CY2023: 550,838 PVs, EV share rises to 12.55% Analysis Sales
Tata Motors records best-ever annual sales in CY2023: 550,838 PVs, EV share rises to 12.55%

By Ajit Dalvi calendar01 Jan 2024

While this is a 5% increase over CY2022’s 526,798 units, CY2023 marks the second consecutive year that Tata has surpas...

Maruti Suzuki sells 1.7 million vehicles in CY2023, SUVs and MPVs record 68% growth Analysis Sales
Maruti Suzuki sells 1.7 million vehicles in CY2023, SUVs and MPVs record 68% growth

By Ajit Dalvi calendar01 Jan 2024

Unabating wave of demand for utility vehicles in India sees the passenger vehicle market leader sell 566,545 SUVs and ...

Toyota Kirloskar Motor registers best-ever annual sales in CY2023: 221,356 units Analysis Sales
Toyota Kirloskar Motor registers best-ever annual sales in CY2023: 221,356 units

By Ajit Dalvi calendar01 Jan 2024

A combination of sustained demand for its MPVs and SUVs as also the rebadged models like the Glanza, Urban Cruiser Hyr...

MG Motor India sells 56,902 units in CY2023, EVs account for 25 percent sales Analysis Sales
MG Motor India sells 56,902 units in CY2023, EVs account for 25 percent sales

By Ajit Dalvi calendar01 Jan 2024

CY2023, which saw MG Motor India register 18% YoY growth, marks its fourth consecutive year of growth; sells 14,225 Co...

Electric car, SUV and MPV sales jump 114% to over 81,000 units in CY2023 Analysis Sales
Electric car, SUV and MPV sales jump 114% to over 81,000 units in CY2023

By Ajit Dalvi calendar01 Jan 2024

Sales of electric passenger vehicles scaled a new high of 81,870 units in CY2023 as a result of increased product avai...