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• BMW plans to introduce more EVs in India at varied price points

  BMW India currently sells five EVs - luxury hatch Mini SE, entry SUV iX1, sedan i4, SUV iX and limousine i7 - priced between INR 53 lakh and INR 2.50 crore (ex-showroom. Overall, the company clocked record performance in the Indian market in 2023 with total sales growing by 18% to 14,172 cars from 11,981 vehicles in 2022. Meanwhile, sales at the motorcycle unit, BMW Motorrad rose by 20% to 8,768 units last year. “All three brands – BMW, MINI and BMW Motorrad – have delivered their highest-ever sales,” said Pawah.

  

• Mercedes Benz expands presence in India with ambitious launch plans for 2024

  Mercedes Benz India - which grew volumes by 10% to a record 17,408 units last year - expects sales to increase in double-digits in 2024. To realise this targets, the company has firmed up plans to invest an additional INR 200 crore to enhance capacity, drive in new products and introduce new technologies in the country this year.

  

• TVS Motor domestic 2W sales up 33% to 2,14,988 units in Dec 2023

  Total two-wheelers sales increased by 27% to 2,90,064 units in December 2023 compared to 2,27,666 units in the same month last year, the company said.

  

• Bajaj Auto domestic 2W sales up 26% to 1,58,370 units in Dec 2023

  Total two-wheeler sales were at 2,83,001 units last month as against 2,47,052 units in the year-ago period, a growth of 15%, the company said.

  

• Toyota Kirloskar confident of continuing strong growth in 2024

  Toyota Kirloskar Motor (TKM) anticipates sustaining its strong sales momentum in 2024, fueled by increasing demand from tier II and III markets. TKM is confident about closing the calendar year 2023 with its highest-ever sales numbers. The company aims to focus on enhancing customer experience and plans to generate enthusiasm around its sustainable offerings in the mass electrification space.

  

• Automakers brace for moderate sales after record 2023; gear up for more EV launches in 2024

  Federation of Automobile Dealers Associations President Manish Raj Singhania said the automobile sector is poised for steady growth next year with an expected low single-digit growth in passenger vehicles and high single-digit growth in two wheelers.

  

• TVS Motor sales grow 31% in November 2023 to 364,231 units

  Domestic two-wheeler registered growth of 50% with sales increasing from 191,730 units in November 2022 to 287,017 units inNovember 2023, the company said.

  

• Bajaj Auto sales rose 69% to 2,57,744 units in November

  On the export front, Bajaj Auto saw a 6% decline at 1,45,259 units in November 2023, compared to 1,53,836 units exported in the corresponding period of the previous year.

  

• Toyota Kirloskar sales up 51% to 17,818 units in November

  While the company sold 16,924 units in the domestic market, 894 units of The Urban Cruiser Hyryder were exported, the company said.

  

• Festive sales get a premium push, WC boost

  Consumers loosened their purse strings for a range of items, including jewellery, furniture, mobile phones, air-conditioners, laptops, cars, apparel and even luxury handcrafted chocolates.

  

• Car companies expect record sales this year on bumper festive demand

  Automakers expect to close the year with sales of 4.10-4.17 million cars, utility vehicles and vans - 8-10% more than 2022 compared to the earlier estimate of about 0-6% growth - despite the high base of last year when sales had grown by 23% to 3.79 million units, several senior executives told ET. Better-than-expected demand for sports utility vehicles (SUVs) at the more premium end of the market is driving the sales, they said.