INDIA’S AUTO sector is racing along the growth highway. Over a dozen-and-half new cars, bikes, enhanced variants of existing bestsellers (cars and two-wheelers) are expected to be launched in the first half of 2024, in line with the greater consumer pull for SUVS, MUVs and EVs.
As many as 16-18 upcoming launches are in the pipeline in the Rs 10-15 lakh price range in the first three months of 2024 in the four-wheeler segment alone. Among these are the Bolero Neo Plus, Punch EV, Creta 2024, Stargazer, Curvv, Next-Gen Swift and the Thar 5-door that are keenly awaited. The middle months are expected to see new car launches from carmakers including Maruti Suzuki, Tata Motors, BYD, Mahindra, Hyundai, Nissan, Renault and Toyota, among others.
The carmakers have been buoyed by the November sales data that highlights the remarkable growth of the passenger vehicle segment. Maruti Suzuki India, the nation’s largest carmaker, sold almost as many vehicles in the domestic market as those by Hyundai Motor India, Tata Motors, and Mahindra & Mahindra combined.
November recorded an unprecedented volume of 335,354 units, growing 3.95 per cent over 322,600 units sold in the same month last year — a record in its own right. Notably, each of the preceding months of 2023 recorded their highest-ever volume, making it a year of unprecedented success.
This story is from the January 13, 2024 edition of BW Businessworld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 13, 2024 edition of BW Businessworld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Technology, AI Driving Warehousing Sustainability
Anshul Singhal on how Welspun One is rapidly transforming Grade-A logistics and industrial parks across India, offering integrated fund development and asset management for large-scale warehousing solutions
DECODING RETAIL'S NEXT FRONTIER
As brands pivot towards omnichannel ecosystems and startups challenge legacy frameworks, the focus sharpens on experiential retail, sustainability and data-driven personalisation.
SORORITY OF WOMEN OF METTLE
Awinter afternoon in mid-December found quite a crowd at the Oxford Book Store on Connaught Place, as bibliophiles congregated at a corner to listen to three women authors, diverse in their passions, but drawn together by an urge to tell their story.
THE LEGACY OF THE AMARNATHS
IN NOVEMBER 2017 the management committee of the Delhi Cricket Association named the eastern stand of the Feroze Shah Kotla ground the Mohinder Amarnath stand.
PUTTING THE POWER IN THE POWERHOUSE
The Asus ExpertBook P5 is powered by an 8-core 8-thread Intel Core Ultra 7 Series 2 processor that clocks a maximum speed of 4.8 GHz, but it does not have hyperthreading. It is light weight, with a smooth glass touch pad. The laptop almost has all the I/O ports you could possibly need in a business laptop, making it an extremely lucrative option for professional computing, says
"We must be aware of our energy and water consumption"
BW Businessworld caught up with actor, philanthropist, and climate warrior BHUMI PEDNEKAR to chat about climate change and more.
"Cooking is a passport to the world"
In conversation with renowned CHEF MANJIT GILL, Advisor at Kikkoman India and President, Indian Federation of Culinary Associations (IFCA). As the former Corporate Chef of ITC hotels, Chef Gill has helped shape iconic restaurants, such as the Bukhara, Dum Pukht, and Dakshin. He has had the privilege of serving former American Presidents Barack Obama, Bill Clinton, George Bush, and the French, Canadian, British and German premiers. In 1992, Chef Gill had the opportunity of being invited to cook for Prince Charles and Lady Diana, at the Palace of the Maharaja of Jaipur. He was awarded the Lifetime Achievement Award from the Ministry of Tourism in 2007.
Strengthening Middle Management for Organisational Resilience
WHAT HOLDS AN organisation together in chaos? Is it visionary leadership, cuttingedge strategies, or robust technology?
The Retail Trailblazers
A look at companies that are making a positive impact on India's growing retail sector with their future fit business and marketing strategies.
Driving Conscious Consumerism
VIDIT JAIN, Co-founder of Kindlife, is leading the charge in revolutionising the intersection of technology and conscious consumerism.
