Maruti Suzuki India (MSIL), a leading passenger vehicle manufacturer, has inked a Memorandum of Understanding (MoU) with Hero FinCorp to provide tailored financial options for new and pre-owned vehicles.

Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India, said “At Maruti Suzuki, we always keep our customers at the centre of all our offerings. Collaborating with Hero FinCorp builds on our ability to offer innovative, transparent, and attractive financing solutions that address ever-evolving customer needs for car finance. With this tie-up, MSIL today has over 40 retail finance partners for our customers to choose from, giving them a wide array of finance options to suit their varied needs.”

Abhimanyu Munjal, MD & CEO, Hero FinCorp, stated, “At Hero FinCorp, we’re on a mission to fuel Bharat’s aspirations. This partnership with Maruti Suzuki takes us a step further towards making car ownership easier, more accessible, and truly hassle-free for every Indian. As India trades up, our deep reach in Tier 2, Tier 3 cities, and beyond, combined with seamless digital journeys powered by proprietary tech capabilities, ensures that we continue empowering every Indian’s dream of upward mobility.”

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Tata Motors Passenger Vehicles (TMPVL) and Red Bull India have announced an association to undertake acts that challenge norms, combining Tata Motors’ line of products with Red Bull’s athletes.

The first activity will feature the Harrier.ev SUV. The vehicle’s off-road capability will be tested by Red Bull athlete Abdo ‘Dado’ Feghali, a Guinness World Record holder in drifting and an icon in rally and drifting. A video of the challenge will be released soon.

Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility, said, “These are truly exciting times as we partner with a company like Red Bull – known for defying limits. This collaboration brings together two brands that share a passion for innovation, performance, and pushing boundaries. We are excited to showcase how cutting-edge technology and stylish design can complement the thrill of adventure and extreme performance. This journey promises to be nothing short of extraordinary.”

Abdo ‘Dado’ Feghali, said, “The Harrier.ev truly delivers on its promise of go-anywhere capability. After conquering steep terrains in the Elephant Rock challenge, it exceeded expectations by effortlessly completing the latest task we threw at it. Its segment-leading torque offers smooth, linear delivery, making every obstacle feel convenient. This experience is a testament to the Harrier.ev’s engineering excellence – a new benchmark for electric SUVs in India.”

This association marks the beginning of an adventure between TMPV and Red Bull India, both of which share a vision of delivering experiences that celebrate power, precision, and passion.

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Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Chhattisgarh Gramin Bank for retail vehicle financing for customers.

The collaboration has been established to provide retail financing solutions for new cars and commercial vehicles, enhancing the accessibility and affordability of Maruti Suzuki vehicles for customers.

The partnership will leverage the growing customer base of the bank to benefit Maruti Suzuki customer profiles and offer them a range of comprehensive financing solutions.

The MoU was signed in the presence of Partho Banerjee, Senior Executive Officer, Marketing & Sales and Vishal Sharma, Vice-President, Maruti Suzuki Finance & Driving School, from Maruti Suzuki India. Representing Chhattisgarh Gramin Bank were Vinod Kumar Arora, Chairman and Vijay Vasant Raikwad, General Manager, along with senior officials from both organisations.

Partho Banerjee, said: “Our collaboration with Chhattisgarh Gramin Bank strengthens our commitment to making car ownership more accessible and affordable. This strategic partnership enables us to extend our reach and offer customers competitive financing solutions that enhance the overall buying experience. We remain focused on delivering seamless and customer-centric finance options, and this alliance reinforces our vision of providing tailored financial support to a wider audience.”

Vinod Kumar Arora, said, “At Chhattisgarh Gramin Bank, fulfilling customer aspirations is at the core of our mission. Our partnership with Maruti Suzuki, a leader in the automotive industry, marks a strategic step toward expanding our service offerings and delivering enhanced value to our customers. This collaboration reinforces our customer-centric philosophy of enabling accessible and affordable vehicle financing solutions. We look forward to supporting individuals and families across the country in realising their dream of owning a Maruti Suzuki vehicle.”

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The Indian passenger vehicle industry experienced its strongest festive season recently, driven by a combination of GST rate cuts and consumer demand, said a recent ICRA report.

In October 2025, passenger vehicle retail sales grew by 15 percent YoY. A sequential surge of 86 percent was observed as retail activity, deferred from the late-September Navratras, shifted into October.

Wholesale volumes also saw an uptick, increasing by 17 percent YoY and 24 percent sequentially to reach 460,000 units in October 2025, as OEMs boosted dispatches to dealers for the festive period.

Inventory levels with dealers reduced to 53-55 days by the end of October 2025, down from 60 days in September 2025, as reported by the Federation of Automobile Dealers Association (FADA). This improvement was supported by a 21 percent YoY growth, with 800,000 units sold during the 42-day festive period.

Utility vehicles (UVs) continue to dominate the market, accounting for 66-67 percent of total industry volumes. However, the compact and super compact car segments showed signs of revival following the GST reductions.

Export volumes recorded a 12 percent YoY growth in October 2025. Maruti Suzuki India maintained its position as the top exporter, followed by Hyundai Motor India. For the first seven months of FY2026, export volumes expanded by 17 percent YoY, indicating a supply push from Indian OEMs in international markets.

Looking ahead, ICRA expects wholesale volume growth for the full fiscal year FY2026 to be in the range of 1-4  percent, supported by the demand momentum from GST rate cuts, continuous new model launches by OEMs and anticipated demand during the ongoing wedding season.

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Škoda Auto has rapidly reached a significant production milestone, having manufactured 100,000 units of its all-electric Elroq compact SUV since the start of the year. This achievement highlights the model's strong market reception. The landmark vehicle, an Elroq vRS finished in Hyper Green, represents the pioneering embodiment of the brand's new ‘Modern Solid’ design language. Its manufacturing process is a key part of its success; the Elroq is built on a flexible production line that also assembles the Enyaq and the Octavia. This innovative approach allows Škoda to seamlessly produce both electric and combustion-engine vehicles side-by-side, providing the agility to respond dynamically to customer demand.

The Elroq's popularity is clearly demonstrated by its sales performance. In the first three quarters of 2025, it ranked as the second best-selling battery-electric vehicle in Europe, while its sibling, the Enyaq, secured sixth place. This success extends across the continent, with the Elroq becoming the top-selling BEV in the Czech Republic, Denmark and Slovakia, and ranking among the top three in Austria, the Netherlands and Switzerland. In Škoda's largest single market, Germany, the model was the best-selling electric vehicle in October and also led the European BEV market overall in April, July and October of the same year.

Beyond commercial success, the Elroq has garnered substantial critical acclaim, winning several prestigious international awards. These include the Red Dot Design Award and the title of 'German Car of the Year 2026'. A jury of forty automotive journalists selected the Elroq for this honour, praising it particularly for its quality, environmental characteristics, and outstanding price-to-performance ratio. This combination of high production volume, leading sales figures and expert endorsement solidifies the Elroq's position as a cornerstone of Škoda's electric vehicle strategy.

Andreas Dick, Škoda Auto Board Member for Production and Logistics, said, “Producing 100,000 Elroqs in under a year of series production is a major achievement for the whole team. It also reflects rigorous preparation and targeted adaptations to our production processes. From the outset, we’ve fully leveraged the flexibility to build battery-electric and ICE vehicles on the same line. The result is clear: the tremendous response from customers highlights the excellent manufacturing quality of cars ‘made in Mladá Boleslav’.”

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