Maruti Suzuki extends warranty to 3 years; Tata Motors slashes SUV prices
Maruti Suzuki extends its standard warranty to 3 years or 1,00,000 km, while Tata Motors offers up to ₹1.4 lakhs benefits on select SUVs
Maruti Suzuki extends its standard warranty to 3 years or 1,00,000 km, while Tata Motors offers up to ₹1.4 lakhs benefits on select SUVs
The company attributed the robust sales performance to high demand for its sports activity vehicles (SAVs), luxury class, and electric cars.
TCI’s profit after tax increased 25.4% year on year to ₹103.3 crore in Q4, FY24
Passenger vehicles and two-wheelers set new all-time highs.
Revenue of auto OEMs is expected to grow at 19% YoY in Q4FY23, while it is projected to register a growth of 8% QoQ, according to Axis Securities.
The ratings agency expects the domestic sales volumes to grow 7%-10% year-on-year in FY24, after rising 19%-21% in FY23.
As industry enters a new growth phase, emerging ancillary players are shaking up the status quo.
Domestic industry volumes will continue to drive growth, with export prospects remaining weak, says ICRA.
India is the third largest automotive market and is expected to lead the rebound in passenger vehicle sales.
At 28%—the highest slab of GST—and a compensation cess ranging between 1% and 22%, India's policy of heavily taxing passenger vehicles is dulling the prospects of growth in the industry, says Bhargava