Image Source Maruti Suzuki India, a leading automobile manufacturer, is gearing up for a substantial increase in its overseas shipments, aiming to surpass the 3 lakh unit mark in the fiscal year 2024-25. Buoyed by the success of its export strategy, the company is confident of achieving this milestone as part of its broader ambition…
India’s electric vehicle (EV) market is witnessing a significant transformation with the government’s push towards EV adoption. However, the recent introduction of a new EV policy has sparked a strategic evaluation by luxury automakers Mercedes-Benz, BMW, and Audi. This in-depth analysis explores the implications of the policy on these automakers and their strategic responses. EV…
India’s automobile exports suffered a significant decline in 2023, shrinking by a worrisome 21% compared to the previous year. This alarming news, revealed by the latest data from the Society of Indian Automobile Manufacturers (SIAM), casts a shadow of concern over the industry’s future. Uneven Terrain: While the passenger vehicle segment defied the downturn and…