MG Windsor EV prices in India increased by Rs 50,000;
JSW MG Motor India launched the Windsor EV in September last year, introducing traditional ownership pricing and a subscription-based "Battery as a Service" (BaaS) model. Recently, the model won the title of Green Car of the Year at the latest edition of the prestigious Indian Car of the Year (ICOTY) awards ceremony. The Windsor is available in three trims (Excite, Essence and Exclusive) and was originally priced between Rs 13.50 lakh and Rs 15.50 lakh, but within four months, prices of all variants have been increased by Rs 50,000, marking the entry-level End pricing period. The BaaS model, which separates vehicle costs from battery costs, has also been modified. The subscription fee was set at Rs 3.5/km at launch and has now been increased to Rs 3.9/km, with the exact rates varying based on financing and plan options. However, the ex-showroom pricing of the BaaS-enabled variants remains unchanged - Rs 9.99 (Excite variant), Rs 10.99 lakh (Exclusive variant) and Rs…
Jeep Meridian price in India increased to Rs 30,000
Jeep India has increased the price of its Meridian SUV by Rs 30,000. Launched in October, the 2024 Jeep Meridian features a refreshed look and new features, including Level 2 Advanced Driver Assistance Systems (ADAS) for improved safety and convenience. The Jeep Meridian is available in four variants: Longitude, Longitude Plus, Limited (O) and Overland and is currently priced from Rs 24.99 lakh to Rs 38.79 lakh (ex-showroom). The Jeep Meridian is powered by a 2.0-liter diesel engine that delivers 168 hp and 350 Nm of torque. It's available with either a six-speed manual gearbox or a nine-speed automatic transmission. Available in both 4x2 and 4x4 configurations, the Meridian SUV offers the versatility to suit a variety of driving preferences. Jeep Meridian facelift: exterior and interior The Meridian's exterior adopts the familiar honeycomb grid of seven-segment grilles, now with chrome studs. Additionally, the SUV comes with 18-inch alloy wheels in different patterns. Also read: Jeep and Citroën prices to rise…
Goods and services tax on second-hand car sales increased to 18%
The Goods and Services Tax Council (GST Council) has announced an increase in the Goods and Services Tax (GST) rate on sales of second-hand cars, including electric vehicles (EVs), from 12% to 18%. The decision was taken at a recent meeting chaired by Finance Minister Nirmala Sitharaman to work out a uniform tax rate for all categories of vehicles. However, this change will not affect transactions between individuals. Private sales of second-hand cars will remain exempt from GST, providing relief to those dealing in personal vehicles. Under the revised structure, GST will only apply on the supplier's profit - the difference between the purchase price and sale price of the vehicle. If the vehicle is declared depreciated, it will be taxed on the depreciated value. This margin-based approach to taxation is designed to ensure that only the value added during resale is subject to GST, rather than the entire transaction value. Previously, 12% GST was applicable on all second-hand cars,…
TVS Motor’s total sales volume increased by 8% year-on-year in 2019
TVS Motor Company reported a year-on-year growth of 7% in December 2024, with total sales of 3.22 lakh units. Two-wheelers made a significant contribution, with total sales of 312,000 units, a year-on-year increase of 8%. Domestic sales were 215,000 vehicles and overseas sales were 96,927 vehicles, an increase of 0.4% and 29.11% respectively. Motorcycle sales dropped to 2.19%, while scooter sales increased by an impressive 30%. Electric scooters also achieved a staggering 79% growth. In the third quarter of FY24-25, the company sold 1.18 million two-wheelers, an impressive growth of 11%. Sales of electric two-wheelers increased by 57%, with 76,000 units sold. In comparison, the sales volume of three-wheeled vehicles was 29,000 units, a decrease of 23.68%. Also read: TVS Apache RTX Adventure Bike leaked for first time; India launch likely in 2025 TVS Sales November 2024: A Brief Review TVS Motor Company's sales grew strongly in November 2024, with total two-wheeler sales reaching 392,000 units, a year-on-year growth of…
Kia’s average transaction price increased by $4,000, while Mercedes’ average transaction price increased by $4,000
The average new car transaction price rose to $48,724 in November 2024. Rewards average 8% of ATP, with 20 brands offering above-average discounts. Prices of luxury cars fell by 25.1%, and prices of small cars fell by 11.1%. If you thought car prices would eventually come down from their Everest-level anoxic highs, you'd be half right, but also wrong. The average transaction price (ATP) of a new car in the United States has risen steadily this year, rising 1.5%, or $699, from November 2023 to currently $48,724. Read: Average new car sales price is $48,000, but buyers only want to spend $35,000 While this figure is down from the previous record of $49,926 in December 2022, it is still the highest recorded so far this year. Some brands are riding the wave of modest increases, but others, including Mercedes-Benz, are watching their prices drop faster than a novice skater. Luxury and traditional brands fell sharply In November last year, the…
Cumulative 2W sales of TVS motors increased by 11.47% year-on-year
TVS Motor Company recorded strong year-on-year growth of 11.47% in November 2024, selling a total of 3.92 lakh two-wheelers in the domestic and international markets. Among them, 305,000 units were sold in the domestic market, a year-on-year increase of 6.38%. On the other hand, export volume increased significantly by 33.90%, reaching 87,150 units. The scooter segment was the star performer in November, growing by an impressive 21.94%. Its total sales were 165,000 vehicles, a significant increase from 136,000 vehicles in November 2023. TVS's electric scooter segment, led by iQube, has proven to be a key driver of its success. Its sales increased by 57%, with sales jumping from 16,782 units in November 2023 to 26,292 units in November 2024. Also read: 2025 TVS Ronin unveiled at MotoSoul 2024; gets new colors, dual-channel ABS TVS sold 1.80 lakh motorcycles in November 2024, an increase of 7,411 units from 1.72 lakh units sold in November last year. This resulted in a year-over-year…
Royal Enfield’s total sales increased by 2% year-on-year in 2017
Royal Enfield sold 82,257 units in November this year, an increase of 2% from 80,251 units in the previous year. Among them, the domestic market supply was 72,236 vehicles, a year-on-year decrease of 4%. However, exports were 10,021 units, a 96% increase from the 5,114 units shipped in November 2023. Royal Enfield's sales grew by 4% between April and November 2024, with total sales of 6.47 lakh units. Global shipments increased 29% to 62,646 units, while domestic sales increased slightly by 2% to 584,000 units. This success demonstrates the brand’s strong market presence globally and in India. Also read: Royal Enfield Classic 650 Twin revealed at EICMA 2024 Commenting on the sales, Royal Enfield CEO B Govindarajan said: “November has been an incredible month for Royal Enfield, filled with exciting launches that truly reflect our passion for pure motorcycling. enthusiasm. At EICMA 2024, we take a historic step into the world of electric vehicles with the debut of the Flying…
Sales of new electric vehicles increased by 7% compared with last year, and sales of used electric vehicles increased by 64%, proving that
In the first 10 months of this year, more than 1 million new electric vehicles were sold in the United States go through Brad Anderson November 30, 2024 16:00 Last month, 106,155 new electric vehicles were sold in the United States, a year-over-year increase of 2.3%. Higher incentives and better leasing options are key factors behind the surge in electric vehicle sales. The average transaction price of new cars dropped to US$56,902, a month-on-month decrease of 1.2%. Although growth in electric vehicle sales has slowed for much of 2024, new and used electric vehicle sales across the U.S. are still on track to break records this year. The shift to electrification remains one of the most critical trends in the automotive world, and even with a few bumps along the way, the market continues to evolve. According to the latest data released by Cox Automotive, 106,155 new electric vehicles were sold nationwide in October, an increase of 2.3% from September…
Royal Enfield’s sales increased 31% year-on-year in 2017
In October 2024, Royal Enfield recorded its highest-ever monthly sales of over 1.10 lakh bikes, a 31% increase from 84,435 bikes in the previous year. Among them, domestic sales were 102,000 units and exports were 8,688 units, an increase of 26% and 150% respectively. In terms of year-to-date sales, Royal Enfield's domestic market sales in FY25 were 513,000 units, a slight increase of 3%. The total export volume was 52,624 vehicles, a year-on-year increase of 21%. The company's overall supply in FY2025 was 565,000 units, compared to sales of 541,000 units in FY2024. This represents an increase of 4%. Also read: Royal Enfield Flying Flea S6 Scrambler features USD fork setup, longer suspension travel and spoked wheels Talking about the performance in October 2024, Royal Enfield CEO B Govindarajan said, “October was truly extraordinary for Royal Enfield as we broke the record of selling over 1,00,000 units in a single month! This is our largest and landmark festive promotion, surpassing…
Amex GBT 2025 Hotel Monitor: How much have house prices increased?
A new American Express Global Business Travel report shows hotel prices have slowed. But planners still face a seller's market in the popular convention destination. The hotel landscape is undergoing major changes. Amex GBT Hotel Monitor 2025. Yes, interest rates are still rising, but not as much. Inflation has been a significant component of hotel price increases since 2022 and appears to be slowing. The IMF (International Monetary Fund) predicts that global inflation will steadily decline, from 5.9% in 2024 to 4.5% in 2025. Sara Andell, strategy director at GBT Consulting, said in the report that leisure demand - which has been an upward influence on business travel prices - is also showing signs of weakening. Record levels of hotel construction are feeding the supply chain with more rooms, especially in luxury and upscale hotels. Global hotel construction is at an all-time high, Lodging Econometrics (LE) reports. LE expects to open 2,534 new hotels globally this year with a total…
Jaguar Land Rover India’s first half sales increased 36% year-on-year
Jaguar Land Rover India sold a total of 3,214 vehicles in the first six months of this fiscal year, a year-on-year increase of 36%. The best-ever half-year results were driven by 41% growth in the second quarter of FY25 and 31% growth in the first quarter. Defender and Range Rover were in high demand during this period due to localized production of the entire Range Rover range. Furthermore, Jaguar Land Rover India's order book has increased by 15% in the first half of FY25 compared to last year. According to Jaguar Land Rover India, local production of Range Rover and Range Rover Sport has led to a 60% increase in bookings. In the first half of FY25, Defender SUV sales increased by 75% year-on-year. For those who are unaware, the company launched the Range Rover Ranthambore Edition in September at a price of Rs 49.8 crore (ex-showroom). Here's everything you need to know about this special limited edition SUV. Also…
1948RUB 700 mW Increased C-band output power and
3SP Technologies, one of the leading suppliers in the Raman pump market, has announced the launch of its new generation of 14xxnm Raman pump laser modules, enabling up to 700mW of pump laser power at a maximum power consumption as low as 11W. 3SP Technologies, with its 30 years of experience in InP-based pump laser technology, brings to the market a new high-performance Raman 14xxnm pump laser module: the 1948RUB. Over the last decades, we have witnessed an increase in the capacity requirements of optical transmission systems, due to the huge amount of data exchanged worldwide. Thanks to optical amplifiers using high-power pump lasers, very high rates can be transmitted over long distances in optical networks via optical fibers. The 1948RUB offers up to 700 mW output power to improve the optical signal-to-noise ratio (OSNR) at the receiver end. 3SP Technologies has developed a new advanced laser chip using an existing fully Telcordia-compliant packaging platform, which has been significantly improved…
TVS Motor Company’s total two-wheeler sales increased by 14% year-on-year.
Chennai-based TVS Motor Company has announced its sales figures for August 2024. Last month, the company sold a total of 391,588 units, up 13% from 345,848 units in the same period last year. Total two-wheeler sales rose 14% to 378,841 units during the month, compared to 332,110 units in August 2023. Talking about two-wheelers, domestic two-wheelers grew by 13% with sales increasing from 256,619 units in August 2023 to 289,073 units in August 2024. Motorcycles and scooters contributed 170,486 units (up 11% YoY) and 163,629 units (up 15% YoY), respectively, while electric vehicles (EVs) retailed 24,779 units in August 2024, up 4% YoY (August 2023: 23,887 units). Also read: TVS Jupiter has sold over 6.7 million units since its launch in 2013 TVS currently sells two electric vehicles in India - iQube and X. The former is available in three variants - Standard, S and ST - priced from Rs 94,999 to Rs 1,36,628 (all ex-showroom, Bengaluru), while the latter…
Hero MotoCorp’s sales in August increased by 5% year-on-year;
Hero MotoCorp has revealed that its wholesale sales in August 2024 grew 5% year-on-year to over 5.12 lakh units. In comparison, the two-wheeler maker sold around 4.89 lakh units to dealers in August last year. According to the brand, its domestic sales rose to around 4.92 lakh units from around 4.73 lakh units in the same period last year. The company said supply shortages slightly impacted sales in August but will make up in September. On the export front, exports surged from 15,770 units in August 2023 to 20,097 units last month. Meanwhile, Hero MotoCorp is gearing up to step up sales for the upcoming festive season, which is expected to see strong growth. "With the expected accelerated recovery in the rural market, growth in the 125cc market, new launches in scooters and strong investments in strong brands, the company expects to outperform the industry," the company said. Also read: TVS Jupiter 110 vs Hero Pleasure Plus Specifications Comparison: What’s…
Toyota’s sales in July 2024 increased by 44% year-on-year, reaching a record high
Toyota Kirloskar Motor (TKM) has set a new benchmark by recording its highest ever monthly sales in July 2024. The company’s wholesale sales stood at an impressive 31,656 units, a year-on-year growth of 44% compared to July 2023. This stellar performance underscores Toyota’s continued dominance in the Indian automobile market. Toyota's impressive sales figures: In July 2024, Toyota sold 29,533 units domestically and exported 2,123 units. This strong performance highlights the brand's growing popularity and strong market influence. The sales figures for July 2024 increased significantly from 21,911 units in July 2023, showing Year-on-year growth of 44%. This follows a strong performance by Toyota in June 2024, with 27,474 vehicles sold. Year-to-date performance: In the first seven months of 2024, Toyota Kirloskar Motors sold a total of 1,81,906 vehicles, a growth of 46% compared to 1,24,282 vehicles in the same period of 2023. This sustained upward trend highlights Toyota's ability to meet consumer needs and maintain its market leadership. Leaders'…
The automaker’s fleet of vehicles increased 57% from last year
New car inventory is close to 2.9 million, compared to about 900,000 during the semiconductor supply crisis go through Chris Chilton August 5, 2024 19:49 S&P Global reported that new vehicle inventory in June was up 57% from a year earlier. Inventories rose 1.8% in June from the previous month, marking the 13th consecutive month of inventory increases. Inventory has increased steadily in most segments, but compact SUV inventory has risen sharply over the past 12 months. Instead of building new factories to churn out electric cars that no one wants, what automakers really need are new parking lots. Just-released data shows that new car inventories in June were up 57% from the same period last year. North American automakers now have nearly 2.9 million vehicles on their roadways, according to S&P Global Mobility data, making those days we reported during the pandemic when new car inventories were dangerously low due to semiconductor shortages now feel like a distant prospect.…
The automaker’s fleet of vehicles increased 57% from last year
New car inventory is close to 2.9 million, compared to about 900,000 during the semiconductor supply crisis go through Chris Chilton August 5, 2024 19:49 S&P Global reported that new vehicle inventory in June was up 57% from a year earlier. Inventories rose 1.8% in June from the previous month, marking the 13th consecutive month of inventory increases. Inventory has increased steadily in most segments, but compact SUV inventory has risen sharply over the past 12 months. Instead of building new factories to churn out electric cars that no one wants, what automakers really need are new parking lots. Just-released data shows that new car inventories in June were up 57% from the same period last year. North American automakers now have nearly 2.9 million vehicles on their roadways, according to S&P Global Mobility data, making those days we reported during the pandemic when new car inventories were dangerously low due to semiconductor shortages now feel like a distant prospect.…
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