Spinny, one of India’s leading used car platform, reported a 40 percent growth in vehicle deliveries in October.

The platform states that key cities like Bengaluru, National Capital Region (NCR), Hyderabad, and Pune experienced significant demand surges, with customer preferences shifting towards automatic cars, SUVs, and financing options, reflecting the festive buying sentiment.

During the festivities, Spinny states it saw significant growth, delivering over 500 cars a day during Navratri, Dhanteras, Diwali weekend, and Festival of Spinny special price days.

In addition, the demand for vehicles with automatic transmission saw a 57 percent growth, mirroring the trend of convenience-first choices. Platform’s exchange program also saw a 39 percent increase as more buyers traded in old vehicles for newer models. In terms of demand, petrol variants remained the top choice, with a 50 percent rise in demand, while SUVs and sedans saw impressive growth of 49 percent and 46 percent, respectively. Additionally, women buyers now constitute over 20 percent of the total customer base in October, marking a substantial increase over the previous year.

Niraj Singh, CEO and Founder, Spinny, said, “As Dhantersas and Diwali marks a time of renewal, I am delighted to see more customers beginning their festive journeys with the Spinny platform and showing tremendous trust in our brand. The surge in demand reflects the joy of new purchases with a focus on more informed and convenient buying experiences, aligning perfectly with our promise of trust and transparency.”

Comments (0)

ADD COMMENT

Link Copied!

European automotive brand Opel has unveiled plans for a new, all-electric C-segment SUV as part of a strategic collaboration between Stellantis and Leapmotor. The vehicle is designed to expand Opel’s existing SUV line-up, which includes the Grandland, Frontera and Mokka.

The project aims to reduce development time to less than two years by utilising Leapmotor’s electric architecture and battery technology. The SUV will be designed in Russelsheim, Germany, with engineering handled by international teams in both Germany and China. Opel will integrate its own chassis engineering, seating technology and signature design into the platform.

Production is currently being evaluated for the Stellantis plant in Zaragoza, Spain, where it would be manufactured alongside the Opel Corsa. The sales of the new model are expected to commence in 2028.

Florian Huettl, CEO, Opel, said, “The SUV would be is designed and created by us at Opel in Russelsheim and developed by international teams located in Germany and China. The partnership with Leapmotor should enable a development time of less than two years. With this, Opel is planning a further important step in the development of state-of-the-art and accessible electric vehicles for our customers."

Xavier Chereau, Chairman of the Opel supervisory board and Stellantis Chief Human Resources & Sustainability Officer, added, “With this project, Opel would bring together German engineering excellence with global technological innovation speed. This innovative spirit defines the next chapter of our global collaboration with Leapmotor and Opel is taking on a pioneering role with this project."

The project is currently in the feasibility and pre-development stage, with definitive agreements and customary approvals pending. The announcement comes shortly before Stellantis' Investor Day 2026.

Comments (0)

ADD COMMENT

Link Copied!

Skoda Auto India has inaugurated a new sales facility in Raidurgam, Hyderabad, in partnership with Mody India Cars. The move strengthens the brand’s presence in Telangana, a key market for its growth strategy in India.

The new facility covers 3,200 sqft and is designed according to Skoda’s global ‘Modern Solid’ design philosophy, with space to display four vehicles. With this addition, Skoda now operates 15 customer touchpoints in the twin cities of Hyderabad and Secunderabad and a total of 19 touchpoints across Telangana, including Karimnagar, Nizamabad and Warangal.

With this, Skoda’s network has now expanded to over 330 touchpoints across 182 cities, up from 120 outlets in 2021. This growth follows a record-breaking Q1 2026, where the company sold 20,028 units, a 17 percent increase YoY, driven largely by the success of the Kylaq sub-compact SUV.

Ashish Gupta, Brand Director, Skoda Auto India, said, “With the inauguration of this new sales facility in Hyderabad, we continue to strengthen Skoda Auto India’s presence across Telangana. This city is a key market for us, and with over 15 Customer Touchpoints now operational, we are bringing our complete product range closer to customers while ensuring they experience the highest standards of service and care. Telangana remains a vital pillar of our growth in India, and with the Kylaq, new Kushaq, Kodiaq and Slavia, we are confident of growing the Skoda brand in this important market.”

Nihar Mody, Dealer Principal, Mody India Cars, said, “We are delighted to partner with Skoda Auto India and bring the brand’s premium experience closer to customers in Hyderabad. This new facility is designed to deliver a premium customer experience, from display to delivery. Our commitment is to provide the customers of this city with the very best of Skoda Auto’s product range and ownership journey.”

The expansion aligns with the company's ‘Skoda Super Care’ initiative, which provides a standard 4-year warranty and roadside assistance to enhance the long-term ownership experience.

Comments (0)

ADD COMMENT

Link Copied!

Tata Motors Passenger Vehicles (TMPV) has expanded its popular compact SUV offering the Nexon with the Pure+ PS variant at INR 959,000 (ex-showroom, Delhi). This introduction makes the Nexon the first vehicle in India to offer a panoramic sunroof at a price point below INR 1 million. The launch coincides with the milestone of one million Nexon units on Indian roads.

The Pure+ PS variant is available across multiple powertrain options, including a 1.2-litre turbocharged petrol engine, Twin Cylinder iCNG and a diesel engine, with both manual (MT) and automated manual (AMT) transmissions. The Nexon remains the only SUV in India to offer petrol, diesel, CNG and electric powertrains.

The tech-loaded Nexon Pure+ PS variant gets a voice-assisted panoramic sunroof, a 26.03-cm Harman infotainment system with wireless Android Auto and Apple CarPlay. It features a 6-speaker sound system and HD rear-view camera, auto LED headlamps & rain-sensing wipers, and cruise control and electric ORVMs with auto-fold functionality

Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility, said, “As India’s #1 selling car in H2FY26 and India’s #1 SUV in FY26, the Nexon continues to remain as the preferred choice for customers across the country. With a 1 million+ strong family, Nexon has always stood for offering a superior all round package to its buyers at every price point. The introduction of the Pure+ PS variant with India’s first panoramic sunroof under INR 1 million further strengthens its proposition.”

Comments (0)

ADD COMMENT

Link Copied!

Hyundai Motor India, one of the leading passenger vehicle manufacturers, has announced its highest-ever CAPEX of INR 75 billion — its highest ever —to fund a product offensive and manufacturing upgrades in FY2027.

The company also plans to introduce two brand new SUVs, including a localised electric SUV in the compact segment and an ICE SUV in the mass market segment. Interestingly, the South Korean automotive major has forecasted a 8-10 percent growth in sales across domestic and export markets for FY2027.

In FY2026, Hyundai Motor India saw its profit after tax decline by 4 percent to INR 54,315 million, as against INR 56,402 million a year ago. The revenue came at INR 707,633 million, up 2 percent, as against INR 691,929 million, EBITDA at INR 85,985 million, as against INR 89,538 million a year ago.

Despite a dip in profit after tax in FY2026 and commodity price pressures that impacted Q4 margins by 120 basis points, the leadership has issued a margin guidance of 11-14 percent for FY2027. Hyundai Motor India management noted that approximately half of the Q4 margin impact was a one-off occurrence. To counter unstable commodity costs, a calibrated price increase is scheduled for May 2026.

Tarun Garg, MD & CEO, Hyundai Motor India, said, “FY2026 was a year where we demonstrated our ability to effectively navigate a challenging environment. Looking ahead to FY2027, we have started the year on a strong footing. We expect this positive momentum to continue, backed by new product launches in high-demand segments.”

He further expressed confidence in a domestic volume growth target of 8-10 percent for the coming year. This outlook is supported by a strong start in April 2026, which saw domestic volumes grow by 17 percent.

The company expects that shifting the production of the Venue to the Pune plant will allow the Chennai facility to maximise capacity utilisation for these upcoming launches.

The CAPEX roadmap allocates nearly half of the funds to new product development, with 30 percent dedicated to plant infrastructure. This includes the Phase 2 expansion of the Pune facility and the modernisation of the Chennai plant. By FY2027, the Pune plant is expected to reach a capacity of 250,000 units, contributing to a group-wide goal of 1.14 million units by 2030.

The upcoming dedicated, localised electric vehicle in the compact SUV category, marking a significant step towards increasing its EV penetration, which stood at 2 percent in FY2026.

Furthermore, Hyundai Motor India is positioning itself as a primary global export hub for Hyundai Motor Company. The company’s target of 8-10 percent growth in export volumes, specifically leveraging its status as the exclusive global manufacturer for the Exter SUV. Future plans include the introduction of Left-Hand Drive (LHD) variants of the Exter and Verna for international markets.

The company also confirmed its commitment to meeting CAFE 3 standards through a diversified powertrain mix, including its CNG portfolio, which reached a record 18 percent contribution in the final quarter of FY2026.

Comments (0)

ADD COMMENT

Link Copied!