Kia India Reports 17% Sales Growth In September
- By MT Bureau
- October 01, 2024
Kia India, one of the fastest-growing mass-market premium carmaker in the country, has reported sales of 23,523 units in September 2024, marking over 17 percent YoY growth compared to the 20,022 units sold for the same period last year.
The company states that the newly launched Sonet continues as Kia's best-selling model, with 10,335 units sold, followed by the Seltos and Carens, with 6,959 and units 6,217 respectively.
In Q3CY2024, Kia India reported sales of 66,553 units, marking almost 10 percent growth over the Q2 sales this year. Sonet contributed 45 percent followed by Seltos and Carens, with 28 percent and 27 percent, respectively.
In terms of exports, the company shipped 2,006 units.
Hardeep Singh Brar, Sr. VP and Head of Sales and Marketing, Kia India said, "Our continuous exceptional sales performance is driven by the overwhelming response from customers during the festive season of Ganesh Chaturthi and Onam. This success is a testament to the unparalleled customer experience our team consistently delivers. We have also prioritised expanding our touchpoints, ensuring that our best-in-class mobility solutions are accessible to all our customers across the country. As we move into festival period, our refreshed product line 2 newly introduced Gravity trims will provide much needed impetus for high festival sales”.
The automaker states its upcoming launches of the Carnival Limousine Plus and EV9 mark the beginning of Kia 2.0, an initiative focused on redefining modern and future-oriented mobility solutions.
Maruti Suzuki Hits Record Profits In FY2026, Plots INR 140 Billion Towards Capacity Expansion
- By MT Bureau
- April 28, 2026
Maruti Suzuki India (MSIL) has reported its most successful financial year to date, posting record annual net profits of INR 144,454 million for FY2025-26, as compared to INR 142,976 million last year.
However, the headline success comes with a caveat: the carmaker is officially ‘sold out,’ ending the year with a massive backlog of 190,000 pending orders.
Despite producing a record 2.42 million vehicles, consisting of 1,974,939 units in domestic market and exports at 447,774 units, Maruti is struggling to keep pace with a domestic market supercharged by ‘GST 2.0’ reforms.
In comparison, total sales last year at 2.23 million units, comprising 1.90 million units in domestic market and exports of 332,585 units.
For Q4, Maruti Suzuki India reports its highest-ever quarterly sales of 676,209 units, up 11.8 percent YoY. Domestic sales came at 538,994 units, while exports at 137,215 units was an all-time high.
Chairman R C Bhargava confirmed the company is operating at 100 percent capacity, with dealer inventories hitting a critical low of just 12 days.
"We are no longer fighting for customers; we are fighting for floor space," Bhargava noted during the earnings call. To address this, the board has greenlit a record capital expenditure (CAPEX) of INR 140 billion – the highest in the company’s history – to simultaneously develop mega-sites in Kharkhoda, Haryana and Gujarat.
In a notable departure from industry norms, Bhargava downplayed the slip in Maruti’s market share to below 40 percent. He dismissed the metric as a ‘sexy figure,’ arguing that physical production limits make market share a vanity metric.
"Why do I care about market share when my ability to produce and sell is intact?" he asked, pivoting the company’s focus toward National Interest – specifically through aggressive exports. Annual exports grew by 34.6 percent, with the UK emerging as the top market for the new electric e-Vitara.
While the e-Vitara marks Maruti’s serious entry into the global EV space, the company is doubling down on a diversified ‘green’ strategy:
The Small Car Revival: Demand for entry-level cars (18% GST bracket) has surged, making up 130,000 of the current order backlog.
The company is aggressively scaling Compressed Bio-Gas (CBG), with its Hansalpur plant aiming to meet 50 percent of its energy needs from cow-dung-derived fuel within two years.
Renault India Opens First ‘new’R’ Store In Jharkhand
- By MT Bureau
- April 28, 2026
Renault India, one of the leading passenger vehicle manufacturers, has inaugurated its first "new’R" experiential retail outlet in Ranchi, marking a transition towards a more urban and futuristic sales environment in Jharkhand.
The facility, located on Old H.B. Road, was opened by Francisco Hidalgo-Marques, Vice-President of Sales & Marketing at Renault India. During the inauguration, the company delivered five new Renault Duster units to customers, highlighting the regional demand for the recently launched SUV.
The launch is part of a broader network expansion that brings Renault’s total national presence to 638 touchpoints, which includes 200 ‘Workshops on Wheels’ designed for remote service delivery.
The Ranchi facility covers over 3,000 sqft and is designed to integrate both sales and technical support. It features four vehicle display units in a contemporary setting and is equipped with eight service bays and a dedicated delivery bay.
The ‘new’R’ theme utilises signature lighting and a central vehicle display to allow for a 360-degree customer view of the products.
The move underscores Jharkhand's growing importance in the Indian automotive market. By combining modern design with increased service capacity, Renault aims to improve long-term customer engagement through its ‘Renault Forever’ initiative.
Francisco Hidalgo-Marques, said, “Jharkhand is emerging as one of the most decisive car markets in India, and Ranchi is right at the heart of that shift. The response to the new Renault Duster tells us that customers are not just buying an SUV, they are buying into capability, design, and trust. With the new’R Store, we are transforming how customers engage with Renault, more modern, more intuitive, and closer to their expectations.”
MINI India Launches Exclusive Convertible John Cooper Works Pack At INR 6.15 Million
- By MT Bureau
- April 28, 2026
German luxury brand BMW Group has introduced the new MINI Convertible John Cooper Works (JCW) Pack in India, priced at INR 6.15 million (ex-showroom).
Available as a completely built-up unit (CBU), the JCW Pack adds a bold, performance-oriented aesthetic to the classic open-top MINI experience. Deliveries for the limited-quantity edition are set to commence immediately across all authorised dealerships.
The MINI Convertible JCW Pack is powered by the latest MINI TwinPower Turbo petrol engine, delivering a balance of efficiency and ‘go-kart’ handling featuring 150 kW (204 hp) and 300 Nm of torque. A claimed zero to 100 kmph in 6.9 seconds and a top speed of 240 kmph. It is paired with 7-speed Double Clutch Steptronic Sport Transmission featuring a Boost Mode for immediate power delivery.
The JCW Pack focuses on an assertive stance with unique design elements such as specific bumpers, side skirts and door entry sills, complemented by 17-inch JCW Sprint Spoke Black alloy wheels.
It comes with a electrically operated soft top opens in 18 seconds at speeds up to 30 kmph and includes a sunroof mode that can be opened up to 40 cm at any speed. The luggage capacity ranges from 160 litres (top down) to 215 litres (top up).
The cabin merges minimalist design with high-resolution technology including an OLED ‘MINI Interaction Unit’ display, which serves as both the instrument cluster and central command centre, running the MINI Operating System 9.
It gets sports seats feature Vescin upholstery – a high-quality, artificial leather-free material made from recycled components.
Smart features includes a Head-up Display, Harman Kardon Surround Sound and MINI Digital Key Plus, which allows a smartphone to serve as the vehicle key.
The MINI Convertible JCW Pack is equipped with a comprehensive safety suite, including a rollover protection system, Dynamic Stability Control, and a rear-view camera.
Hardeep Singh Brar, President and CEO, BMW Group India, said, “The new MINI Convertible JCW Pack is for those who want their MINI to reflect a bold, assertive personality without losing the signature ‘go-kart’ feel they love. It delivers a sporty JCW aesthetic that perfectly complements your cruises.”
MINI India offers a standard two-year unlimited kilometre warranty, with service and warranty extension options available for up to 10 years. Financial solutions, such as the MINI 360deg plan, provide assured buy-back options and lower EMIs compared to traditional bank loans.
Nissan Revises FY2025 Outlook: Operating Profit Returns To Black
- By MT Bureau
- April 28, 2026
Japanese auto major Nissan Motor Co has announced an upward revision to its financial forecast for the fiscal year ending 31 March 2026 (FY2025). The updated guidance reflects a significant shift in operating performance, primarily driven by regulatory changes in the United States and internal cost efficiencies.
|
Metric |
Previous Forecast (Feb 2026) |
Revised Forecast (Apr 2026) |
|
Net Revenue |
JPY 11.9 Trillion |
JPY 12.0 Trillion |
|
Operating Profit |
(JPY 60 Billion) |
JPY 50 Billion |
|
Net Profit (Loss) |
(JPY 650 Billion) |
(JPY 550 Billion) |
The turnaround from a projected operating loss to a profit is attributed to three main factors. Firstly, a major one-time positive impact resulting from the revocation of specific U.S. emissions / greenhouse gas (GHG) regulations, which allowed the company to reverse prior provisions.
Secondly, the impact of ongoing cost reduction measures implemented as part of Nissan's broader recovery strategy. And finally, favourable movements in foreign exchange rates supported both net sales and operating income.
Nissan Motor Co, stated that despite the projected net loss for the year, its cash position remains robust. It expects automotive free cash flow to remain positive for the second half of the fiscal year. And net cash is forecasted to exceed JPY 1 trillion by year-end.
Nissan is scheduled to release its finalised full-year financial results on 13 May 2026, where it is expected to provide a more detailed breakdown of these one-time impacts and its forward-looking ‘The Arc’ business plan.


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