Tag Archives: growth

Featured

Maruti Dominated The November 2023 Compact & Midsize Hatchback Sales

The Tata Tiago was the one hatchback to file a optimistic development in each month-to-month and yearly gross sales

Maruti Wagon R, Tata Tiago, Maruti Swift, Hyundai Grand i10 Nios

In November 2023 gross sales, Maruti hatchbacks have been among the many high two, with the Tata Tiago making up the highest three. Following the festive season, most hatchbacks skilled a decline in month-to-month gross sales. Here’s the detailed gross sales report for compact and midsize hatchbacks in November 2023.

Models

November 2023

November 2022

October 2023

Maruti Wagon R

16,567

14,720

22,080

Maruti Swift

15,311

15,153

20,598

Tata Tiago

5,508

5,097

5,356

Hyundai Grand i10 Nios

4,708

7,961

6,552

Maruti Celerio

2,215

2,483

4,317

Maruti Ignis

1,660

5,087

2,374

Maruti Wagon R Front

  • Despite going through a month-on-month (MoM) lack of 25 %, the Maruti Wagon R was as soon as once more the top-selling hatchback for the second consecutive month. The Wagon R alone exceeded the mixed gross sales of all fashions right here, besides the Maruti Swift. 

  • At second place, the Maruti Swift achieved gross sales of over 15,000 items in November 2023, exhibiting a constant year-on-year (YoY) efficiency. Though the Swift confronted a MoM decline of 26 %. 

Also Check Out: Tata Nexon Edges Out Maruti Brezza And Hyundai Venue In November 2023

Tata Tiago

  • The Tata Tiago beats the Hyundai Grand i10 Nios to take the third spot within the gross sales chart with gross sales of over 5,500 items. It’s the one hatchback within the checklist that noticed optimistic development in each MoM and YoY gross sales, although below 10 % every.

  • With over 4,700 items offered, the Hyundai Grand i10 Nios slipped from the third to the fourth spot in November 2023 gross sales. The hatchback has skilled losses in each MoM (by 28 %) and YoY gross sales (by greater than 40 %).

Also Check Out: Price Hike Incoming For Maruti, Hyundai, Tata, And Others In 2024

Maruti Celerio

  • The Maruti Celerio and Maruti Ignis have additionally confronted losses in each month-to-month and yearly gross sales in November 2023. The Celerio’s MoM and YoY gross sales went down by 49 % and 11 %, respectively. On the opposite hand, the Ignis confronted losses of 30 % and 67 % in MoM and YoY gross sales, respectively. The Celerio’s gross sales crossed 2,000 items, whereas the Ignis has taken the final spot within the desk and has not even crossed 2,000 unit gross sales. 

Read More on : Wagon R on road price

Motorsport

This Chinese Plug-In MPV Has 560 HP, Air Suspension, And Three Screens

China’s luxurious MPV market has witnessed important progress in recent times, reflecting the nation’s booming financial system and the rising buying energy of its prosperous inhabitants. To a sure extent, minivans have grow to be extra than simply folks movers as they’re now extra of a standing image for wealthier patrons within the People’s Republic. That pattern began with the Toyota Alphard and several other automakers now even have their very own luxurious MPVs. An particularly engaging providing comes from Voyah, the premium division of Dongfeng.

That mannequin is named the Dreamer and takes the form of an enormous minivan with a 2+2+3 seating configuration. Our pals and colleagues at Wheelsboy just lately had the prospect to drive one of many mannequin’s flagship variants they usually had fairly good issues to say about it. For starters, it appears to be like totally different in comparison with the Denza D9, Trumpchi M8, and the likes – a few of China’s newest entries into the MPV section – with a considerably extra restrained entrance fascia. The machine sits on 20-inch wheels and has air suspension that lowers the rear axle whenever you open the electric-operated tailgate.


Featured

Mahindra Scorpio N And Classic Outperform Hyundai Creta In October 2023 Compact SUV Sales

It was a strong growth month for the Kia Seltos as well which was the third best-selling compact SUV

Hyundai Creta, Mahindra Scorpio N, Mahindra Scorpio Classic

The festive sales of October 2023 were not as much of a boon as some carmakers expected and it reflects in the performance of the compact SUV segment, which experienced a month-on-month (MoM) improvement of a little over 5 percent. Among the gainers were the Mahindra Scorpio N and Mahindra Scorpio Classic, the duo’s collective tally surpassing even the Hyundai Creta. The model wise details for October 2023 are listed below:

Compact SUVs & crossovers
 

October 2023

September 2023

MoM Growth

Market share current(%)

Market share (% last year)

YoY mkt share (%)

Average sales (6 months)

Mahindra Scorpio

13578

11846

14.62

21.09

19.15

1.94

9975

Hyundai Creta

13077

12717

2.83

20.32

30.58

-10.26

13949

Kia Seltos

12362

10558

17.08

19.21

25.17

-5.96

7642

Maruti Grand Vitara

10834

11736

-7.68

16.83

20.73

-3.9

9956

Honda Elevate

4957

5685

-12.8

7.7

N.A.

N.A.

1418

Toyota Hyryder

3987

3804

4.81

6.19

243.1

-236.91

3307

Skoda Kushaq

2447

2260

8.27

3.8

4.35

-0.55

2174

Volkswagen Taigun

2219

1586

39.91

3.44

6.06

-2.62

1709

MG Astor

890

901

-1.22

1.38

4.56

-3.18

826

Total

64351

61093

5.33

        

Key Takeaways

  • As aforementioned, the sales data for the Mahindra Scorpio puts it at the top of the segment but those numbers include both versions of the SUV – Scorpio N and Scorpio Classic. It witnessed a MoM growth of nearly 15 percent and crossed the 13,000 unit sales mark.

  • The usual segment topper – Hyundai Creta – enjoyed comparatively stable sales for October 2023, also crossing the 13,000 unit sales mark. Its MoM sales grew by just under 3 percent.

  • Following the launch of the facelift, the demand for the Kia Seltos continues to grow as it retakes its podium spot on this list with over 12,000 units sold, far higher than its average monthly demand for the previous 6 months.

Related: Hyundai Creta vs Kia Seltos

  • Next and the only other compact SUV to enjoy a 5-figure monthly demand according to SIAM data is the Maruti Grand Vitara. However, its October 2023 figures witnessed a MoM drop of nearly 8 percent. Meanwhile, its non-identical twin, the Toyota Hyryder enjoyed a small MoM growth of just under 5 percent with nearly 4,000 units sold.

  • The fifth-best selling compact SUV of October 2023 was the relatively new entrant – the Honda Elevate. However, it too witness a drop in its MoM figures as the dropped below the 5,000 units mark.

  • Skoda Kushaq and Volkswagen Taigun enjoyed similar sales for the previous month, but it was a big improvement for the latter with a MoM growth of nearly 40 percent. 

  • The MG Astor’s sales remained stable and low, still not crossing into the 1,000 monthly sales mark.

  • Upcoming Cars in India 2023

Read More on : Creta Automatic

Cars

10 Of The Most Luxurious Classic American Cars

Following the post-war period, there was a continuous increase in economic prosperity across the country, resulting in more consumers able to afford luxury goods. In response, auto manufacturers, such as Lincoln, began producing cars specifically targeted at high-end buyers, such as the ultra-exclusive Continental Mark II.

The Continental Mark II was distinct from the regular Lincoln branding and was produced in its own dedicated facility, known as the Continental Division. This division comprised the most skilled designers and engineers within the company, tasked with creating a vehicle that exuded the glamour of the 1940s Lincoln Continental. The resulting car not only paid homage to its predecessor but also boasted a fresh, sleek, and elegant design. Weighing over 4,800 pounds, the car was equipped with a powerful 368 V8 engine, delivering 300 horsepower and reaching a top speed of 115 mph.

The level of craftsmanship and quality was exceptional, with precision in every detail. From the tightening of nuts and bolts to the application of the paint, every aspect was meticulously executed. The interior was equally impressive, featuring luxurious amenities such as power windows, brakes, and seats, as well as zoned heating. However, despite the unparalleled luxury, the Continental Mark II was discontinued after only two model years due to its exorbitant price, which rivaled that of a contemporary Rolls-Royce.

Featured

Tata Nexon Extends Lead Over Maruti Brezza In October 2023 Sub-4m SUV Sales


The Kia Sonet experienced the best month-on-month sales growth for the festive period

Tata Nexon, Maruti Brezza, Hyundai Venue

The demand for sub-4m SUVs increased during the festive period in October 2023, with the Tata Nexon and Maruti Brezza leading the sales charts by crossing the 16,000 sales mark. Here are the model-wise sales details from the previous month:

Sub-compact SUVs & crossovers
 

October 2023

September 2023

MoM Growth

Market share current(%)

Market share (% last year)

YoY mkt share (%)

Average sales (6 months)

Tata Nexon

16887

15325

10.19

28.44

26.12

2.32

13163

Maruti Brezza

16050

15001

6.99

27.03

18.86

8.17

13655

Hyundai Venue

11581

12204

-5.1

19.5

18.19

1.31

10893

Kia Sonet

6493

4984

30.27

10.93

14.44

-3.51

6511

Mahindra XUV300

4865

4961

-1.93

8.19

11.92

-3.73

4961

Nissan Magnite

2573

2454

4.84

4.33

5.34

-1.01

2487

Renault Kiger

912

980

-6.93

1.53

5.09

-3.56

1279

Total

59361

55909

6.17

        

Key Takeaways

  • Tata Nexon’s demand in October 2023 grew by over 10 percent month-on-month (MoM). This includes the sales of the Nexon EV as well. The Nexon facelift received positive feedback with its refreshed design, added comforts, and new features.

  • Maruti Brezza remains highly popular with 16,050 units sold, experiencing MoM growth of just under 7 percent. It holds a 27 percent market share, marking an improvement of over 8 percent year-on-year (YoY).

  • Hyundai Venue is the only other model in the segment to exceed 10,000 monthly sales, although its MoM sales performance dropped by 5 percent. The Kia Sonet saw the highest MoM sales growth in October 2023 at 30 percent with close to 6,500 units sold.

  • The Mahindra XUV300 maintained steady demand during the festive period with just under 5,000 units sold in the previous month.

  • Nissan Magnite’s demand rose by close to 5 percent during October 2023 with just over 2,500 units, while the Renault Kiger continues to see sales of less than 1,000 units. The Kiger’s MoM performance was nearly 7 percent lower and currently holds a market share of less than 2 percent.

  • Overall, the subcompact SUV space saw an MoM growth of just over 6 percent.

Read More on : Maruti Brezza on road price

BMW

BMW Group maintains successful course

BMW Group continues to maintain a successful course of profitable growth in a volatile business environment. In the third quarter of 2023, the company saw a solid increase in sales, delivering a total of 621,699 premium automobiles. The nine-month period saw a total of 1,836,563 units delivered. This growth was accompanied by a strong financial performance, with an EBT margin of 11.9% for the first nine months.

The company is on track to deliver an EBIT margin in the Automotive Segment of between 9-10.5% for the full year, driven by higher-priced models and fully-electric vehicles. Battery-electric vehicles accounted for 15.1% of total sales by the third quarter, already meeting the 15% target planned for the full year. Over the nine-month period, the percentage of BEVs climbed to 13.4%.

The growth trend for BMW continued in many of the world’s automotive markets, with notable growth in Germany, the US, and Europe. The fourth quarter is expected to further boost growth with the launch of new models.

Group revenues increased slightly in the third quarter to €38,458 million, with significant growth in the year to the end of September to €112,530 million. The Group’s research and development spending also increased to €5,223 million.

The BMW Group confirms its guidance for the rest of the year and expects stable business development. The Group forecasts overall growth for global automotive markets, particularly in Europe and the US. The BMW Group remains committed to long-term, profitable growth and is focused on digitalization, electrification, and innovation in the industry.

VolvoCars

Volvo Cars’ sales up 10 per cent in October

Volvo Cars experienced its 14th consecutive month of growth, with global sales reaching 59,861 cars in October, representing a 10 per cent increase compared to the same period last year. This growth was primarily driven by the company’s fully electric cars.

From January to October 2023, Volvo Cars sold a total of 569,019 cars, which is 18 per cent higher compared to the same period in 2022.

In October, 36 per cent of all Volvo cars sold globally were electrified Recharge models with a fully electric or plug-in hybrid powertrain. Sales of fully electric cars grew by 29 per cent compared to the same period last year, accounting for 18 per cent of total sales, up from 12 per cent in October 2022.

In Europe, sales grew to 24,892 cars in October, an increase of 13 per cent compared to the same month last year. Recharge cars accounted for 55 per cent of total sales in the region.

In the United States, Volvo Cars’ sales grew by 19 per cent in October compared to the same month last year, with 11,296 cars sold. Sales of fully electric cars grew by 49 per cent, and Recharge models made up 27 per cent of all cars sold in the US during October.

In China, sales remained flat in October compared to the same period last year, amounting to 15,041 cars. However, Recharge cars showed a growth of 27 per cent in the Chinese market.

In terms of specific models, the Volvo XC60 was the top-selling model in October, with sales reaching 20,212 units. This was followed by the XC40 with total sales of 17,022 cars, and the XC90 with 7,961 cars sold.

October

October

Jan-Oct

Jan-Oct

2023

2022

Change

2023

2022

Change

Europe

24,892

22,030

13%

233,661

188,046

24%

Recharge

13,663

14,287

-4%

138,989

95,601

45%

– Fully electric

7,009

6,172

14%

59,775

26,746

123%

– Plug-in hybrid

6,654

8,115

-18%

79,214

68,855

15%

China

15,041

15,048

0%

138,969

132,792

5%

Recharge

1,166

917

27%

12,298

9,168

34%

– Fully electric

237

80

196%

2,768

2,025

37%

– Plug-in hybrid

929

837

11%

9,530

7,143

33%

US

11,296

9,478

19%

103,421

81,694

27%

Recharge

3,041

2,528

20%

29,387

21,943

34%

– Fully electric

1,240

835

49%

12,083

5,100

137%

– Plug-in hybrid

1,801

1,693

6%

17,304

16,843

3%

Other

8,632

7,761

11%

92,968

80,772

15%

Recharge

3,473

2,265

53%

33,897

21,860

55%

– Fully electric

2,003

1,061

89%

16,492

6,646

148%

– Plug-in hybrid

1,470

1,204

22%

17,405

15,214

14%

Total

59,861

54,317

10%

569,019

483,304

18%

Recharge

21,343

19,997

7%

214,571

148,572

44%

– Fully electric

10,489

8,148

29%

91,118

40,517

125%

– Plug-in hybrid

10,854

11,849

-8%

123,453

108,055

14%
News

2024 Royal Enfield Meteor 350 Aurora Brings Three New Colors To Spectrum

In recent years, Royal Enfield has demonstrated impressive growth thanks to the launch of its new models. Both inside and out of its home country of India, the company’s models have proven to be a success – embodying retro style and classic charm, while being accessible to a wide range of riders.

The brand’s 350 range of motorcycles, consisting of the Classic, Hunter, and Meteor, have lowered the barriers to entry in the premium segment, and continue to be popular models in the global market. That being said, for the 2024 model-year, the Royal Enfield Meteor 350 has been introduced in new colors in India, hinting that these new liveries could soon make their way to other markets.

2024 Royal Enfield Meteor Aurora - Trio, Parked

The new colorways of the Meteor 350 have been given a variant of their own. In keeping with Royal Enfield’s celestial-themed names for the model’s variants, the new colors have been called Aurora, as they represent vivid colors with contrasting elements that give them a retro look. In total, there are three colors under the new Aurora range, and Royal Enfield says that they’re inspired by the sky and horizon, reflecting a blend of retro design elements. In the Meteor 350’s lineup, the Aurora sits in between the Stellar and Supernova editions, and features Aurora Blue, Aurora Green, and Aurora Black options.

Apart, of course, from the new color schemes, the Meteor 350 Aurora also receives a more retro-inspired theme when compared to its siblings. It rolls on wire-spoke wheels with tubed tires, and gets chrome-finished components, as against a blacked-out finish on the other models. The bike also receives a comfortable touring saddle for longer rides.

Despite its retro appearance, Royal Enfield hasn’t hesitated to give the Meteor 350 Aurora a plethora of techie features. It comes with tripper navigation as standard, as well as LED lights all around. To elevate the bike’s fit and finish, the Meteor also receives aluminum switch cubes for a more upmarket look. Furthermore, would-be owners of the Royal Enfield Meteor 350, regardless of the variant of choice, have the option to configure their bikes with a selection of accessories via the Royal Enfield Make It Yours (MIY) configurator.

2024 Royal Enfield Meteor Aurora Black
2024 Royal Enfield Meteor Aurora Blue
2024 Royal Enfield Meteor Aurora Green

Like before, the 2024 Royal Enfield Meteor 350 is powered by a 349cc, air cooled, fuel-injected, single-cylinder engine. It pumps out a decent 20.4 horsepower and 19 pound-feet of torque. The Meteor 350 has a low seat height and a weight of just 191 kilograms, making it accessible to a wide range of riders. Although the new colors have yet to be announced in the US, there’s a chance that they will be soon. For now, however, the Meteor 350 carries an MSRP starting at $4,699.

News

New Benelli TRK 702 Enjoying Successful Sales In Italy

Benelli, a motorcycle brand that is experiencing rapid growth, is part of the Qianjiang Group in China, with its origins tracing back to Italy. The company continuously introduces new models in the Chinese market, but one model has stood out in the global market, particularly in Italy: the new Benelli TRK702.

The Benelli TRK 702 has achieved an impressive milestone by registering over 1,000 motorcycles in the Italian market in just a little over a month since its debut. This success can be attributed to Benelli’s strategy of offering an affordable middleweight ADV at just 7,490 Euros (about $7,898 USD). This mirrors the approach that made its predecessor, the TRK 502 model, popular in the Italian ADV segment.

Speaking about the success of the new model, Gianni Monni, Benelli’s sales manager in Italy, stated, “We are proud of the extraordinary result that the new TRK 702 is obtaining on the Italian market, in just over a month more than a thousand examples have been registered and, if we consider that all this is happening at the end of the commercial season, the satisfaction is even bigger. In the coming months, we believe we can further increase this performance, not forgetting that all those who had the patience to wait for our model to arrive on the market are the true architects of this success.”

The Benelli TRK 702 features a 698cc parallel-twin engine with liquid-cooling and fuel-injection, offering impressive performance. It generates 75 horsepower at 8,750 rpm and 68.2 pound-feet of torque at 6,250 rpm.

The bike utilizes a frame design based on the smaller 502 model, incorporating a steel trellis structure that enhances stiffness and reduces weight for improved handling. Its suspension setup includes 50 mm inverted forks at the front with 5.5 inches of travel and a preload-adjustable mono-shock at the rear, offering 6.8 inches of travel for versatility across various terrains. Dual-channel ABS is equipped on the bike’s two 320 mm front disc brakes and a 260 mm rear disc brake, ensuring enhanced safety on the road.

News

New BSA Gold Star 650 To Make Its Way To Italy In 2024

Peugeot Motocycles, known for its retro-style and mid-capacity scooters, is set to experience significant growth in the Italian market. As part of this expansion, Peugeot will serve as the distributor for the new BSA Gold Star in Italy. This partnership between Peugeot and BSA is a relatively new development involving the various owners of Peugeot Motocycles.

Peugeot Motocycles has been under the ownership of German company Mutares since the beginning of 2023. Meanwhile, Mahindra & Mahindra, the previous owner of Peugeot, remains a shareholder in the company. Interestingly, Mahindra & Mahindra is also a key stakeholder in BSA. With this connection, Peugeot plans to utilize its enhanced distribution network to promote the new Gold Star in the Italian market. This strategic alliance holds exciting opportunities for both Peugeot and BSA in Italy.

2023 Peugeot XP400

Peugeot’s XP400 is just one of the many new releases from the French marque.

In Italy, Peugeot Motocycles has significantly expanded its sales network, adding 43 dealers to reach a total of 144, which is a notable increase from the previous year. The company is also preparing to launch the PM-01, a 125cc naked bike targeting the premium entry-level market with a price above 4,000 euros. Notably, the PM-01 features a unique front light cluster design inspired by Peugeot cars. Looking ahead, Peugeot plans to introduce the PM-03, a 300cc motorcycle, in the first quarter of 2024 to further diversify its product lineup.

BSA Gold Star 650 Delay

It’s worth mentioning that Peugeot has decided not to participate in the EICMA 2023 exhibition in Milan. Instead, the company is redirecting its trade fair investments toward Eastern markets. At the same time, Peugeot is making significant strides in the electric segment. This includes expanding its electric vehicle range and plans to introduce the e-Streetzone scooter. Furthermore, Peugeot Motocycles is actively investing in the development of battery-powered motorcycles, demonstrating a growing commitment to electric mobility solutions.

In terms of the BSA Gold Star, it will benefit from Peugeot’s expanding sales network in Italy and other parts of Europe. This retro-inspired motorcycle is equipped with a 652cc liquid-cooled, fuel-injected, single-cylinder engine. It offers a respectable power output of 46 horsepower at 6,000 rpm and 55 Newton-meters (38.5 pound-feet) of torque at 4,000 rpm.