Latest news with #RaviGBhatia
Time of India
7 hours ago
- Automotive
- Time of India
European auto companies fail to rev up sales in India
Renault, Volkswagen, and Skoda are facing challenges in India's automotive market, experiencing sales declines over the past three financial years. Their initial focus on sedans, slow product refreshes, and limited network reach, particularly in smaller cities, have hindered their growth. India's tax structure, favoring sub-4-meter vehicles, further disadvantages these European brands known for larger models. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads European mass market automotive brands Renault, Volkswagen, and Skoda continue to struggle to enhance presence in the Indian market, witnessing sales decline in the last three financial years, industry data to data by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in Skoda's sales in India in 2024-2025 were at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in the other hand, the Volkswagen brand posted sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had clocked sales of 41,263 units in 2022-2023."Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told why these brands have struggled in India, he said, "Initially, these brands focused heavily on sedans -- Vento, Rapid, and Scala -- which limited their exposure to the fast-expanding SUV segment."Simultaneously, Bhatia said, "They were slower in refreshing product lines, with many models remaining unchanged over extended periods. Network reach has also remained narrow, particularly in Tier 2 and Tier 3 markets, restricting access to a broader audience."Adding to the woes of these brands is "India's unique tax structure, where sub-4-metre vehicles benefit from significantly lower levies"."This has favoured Japanese and Korean OEMs known for cost-effective compact cars. European brands, by contrast, traditionally build larger models and have struggled to deliver competitive offerings within this constraint," Bhatia the current policy, passenger vehicles (petrol, CNG, LPG) up to 4 metres in length and up to 1200cc engine attract GST of 28% and 1% compensation vehicles (diesel) up to 4 metres in length and up to 1500 cc engine is levied 28% GST and 3% compensation cess.
Economic Times
7 hours ago
- Automotive
- Economic Times
European auto companies fail to rev up sales in India
Renault, Volkswagen, and Skoda are facing challenges in India's automotive market, experiencing sales declines over the past three financial years. Their initial focus on sedans, slow product refreshes, and limited network reach, particularly in smaller cities, have hindered their growth. India's tax structure, favoring sub-4-meter vehicles, further disadvantages these European brands known for larger models. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads European mass market automotive brands Renault, Volkswagen, and Skoda continue to struggle to enhance presence in the Indian market, witnessing sales decline in the last three financial years, industry data to data by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in Skoda's sales in India in 2024-2025 were at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in the other hand, the Volkswagen brand posted sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had clocked sales of 41,263 units in 2022-2023."Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told why these brands have struggled in India, he said, "Initially, these brands focused heavily on sedans -- Vento, Rapid, and Scala -- which limited their exposure to the fast-expanding SUV segment."Simultaneously, Bhatia said, "They were slower in refreshing product lines, with many models remaining unchanged over extended periods. Network reach has also remained narrow, particularly in Tier 2 and Tier 3 markets, restricting access to a broader audience."Adding to the woes of these brands is "India's unique tax structure, where sub-4-metre vehicles benefit from significantly lower levies"."This has favoured Japanese and Korean OEMs known for cost-effective compact cars. European brands, by contrast, traditionally build larger models and have struggled to deliver competitive offerings within this constraint," Bhatia the current policy, passenger vehicles (petrol, CNG, LPG) up to 4 metres in length and up to 1200cc engine attract GST of 28% and 1% compensation vehicles (diesel) up to 4 metres in length and up to 1500 cc engine is levied 28% GST and 3% compensation cess.
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Business Standard
17 hours ago
- Automotive
- Business Standard
Renault, Volkswagen, Skoda continue to struggle to boost sales in India
European mass market automotive brands Renault, Volkswagen, and Skoda continue to struggle to enhance presence in the Indian market, witnessing sales decline in the last three financial years, industry data showed. According to data by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in 2022-2023. Similarly, Skoda's sales in India in 2024-2025 were at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in 2022-2023. On the other hand, the Volkswagen brand posted sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had clocked sales of 41,263 units in 2022-2023. "Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told PTI. Explaining why these brands have struggled in India, he said, "Initially, these brands focused heavily on sedans -- Vento, Rapid, and Scala -- which limited their exposure to the fast-expanding SUV segment." Simultaneously, Bhatia said, "They were slower in refreshing product lines, with many models remaining unchanged over extended periods. Network reach has also remained narrow, particularly in Tier 2 and Tier 3 markets, restricting access to a broader audience." Adding to the woes of these brands is "India's unique tax structure, where sub-4-metre vehicles benefit from significantly lower levies". "This has favoured Japanese and Korean OEMs known for cost-effective compact cars. European brands, by contrast, traditionally build larger models and have struggled to deliver competitive offerings within this constraint," Bhatia noted. Under the current policy, passenger vehicles (petrol, CNG, LPG) up to 4 metres in length and up to 1200cc engine attract GST of 28 per cent and 1 per cent compensation cess. Passenger vehicles (diesel) up to 4 metres in length and up to 1500 cc engine is levied 28 per cent GST and 3 per cent compensation cess. Passenger vehicles of length above 4 metre and engine capacity 1500 cc attract 28 per cent GST and cess of 17 per cent, while those above 1500 cc engine size attract 28 per cent GST and cess of 17 per cent. On the other hand, passenger vehicles, popularly known as SUVs -- above 4 metres in length, above 1,500cc engine and more than 170 mm in ground clearance -- attract 28 per cent GST with 22 per cent compensation cess. Bhatia noted that while domestic OEMs like Tata and Mahindra lead by Japanese Maruti Suzuki have captured market share through high localisation, frequent product launches, and early adoption of alternative fuel engines including CNG, hybrids and BEVs, the European players have lagged in electric and hybrid offerings. However, he said, "There are signs of course correction. Skoda, for instance, recently launched the Kylaq, a subcompact SUV tailored for India." On the path forward for these European brands, he said it "may lie in leveraging India for exports and R&D while focusing on under-4-metre, cost-competitive platforms". With such realignments, sustainable growth is possible, he added.
Time of India
21 hours ago
- Automotive
- Time of India
European carmakers Renault, Volkswagen and Skoda struggle to boost sales in India
European mass market car manufacturers like Renault , Volkswagen and Skoda continue to find it hard to expand their presence in the India market, witnessing a decline in sales in the last three financial years, industry data showed. According to data released by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in 2022-2023. Skoda had a similar story with sales in 2024-2025 at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in 2022-2023. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Volkswagen reported sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had reported sales of 41,263 units in 2022-2023. "Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told PTI. Live Events Explaining why these brands have struggled in India, he said, "Initially, these brands focused heavily on sedans like Vento, Rapid, and Scala, which limited their exposure to the fast-expanding SUV segment." Bhatia added, "They were slower in refreshing product lines, with many models remaining unchanged over extended periods. Network reach has also remained narrow, particularly in Tier 2 and Tier 3 markets, restricting access to a broader audience." Adding to the woes of these brands is "India's unique tax structure, where sub-4-metre vehicles benefit from significantly lower levies". "This has favoured Japanese and Korean OEMs known for cost-effective compact cars. European brands, by contrast, traditionally build larger models and have struggled to deliver competitive offerings within this constraint," Bhatia noted. Under the current GST policy, passenger vehicles (petrol, CNG, LPG) up to 4 metres in length and up to 1200cc engine attract GST of 28 per cent and 1 per cent compensation cess. Passenger vehicles (diesel) up to 4 metres in length and up to 1500 cc engine is levied 28 per cent GST and 3 per cent compensation cess. Passenger vehicles of length above 4 metre and engine capacity 1500 cc attract 28 per cent GST and cess of 17 per cent, while those above 1500 cc engine size attract a similar rate of 28 per cent GST and cess of 17 per cent. On the contrary, passenger vehicles, popularly known as SUVs above 4 metres in length, above 1,500cc engine and more than 170 mm in ground clearance attract 28 per cent GST with 22 per cent compensation cess. Bhatia noted that while domestic OEMs like Tata, Mahindra and market leader Maruti Suzuki have captured market share through high localisation, frequent product launches, and early adoption of alternative fuel engines including CNG, hybrids and BEVs, the European players have lagged in electric and hybrid offerings. However, he said, "There are signs of course correction. Skoda, for instance, recently launched the Kylaq, a subcompact SUV tailored for India." On the path forward for these European brands, he said it "may lie in leveraging India for exports and R&D while focusing on under-4-metre, cost-competitive platforms".
Time of India
21 hours ago
- Automotive
- Time of India
European auto brands Renault, VW, Skoda continue to struggle to boost sales in India
European mass market automotive brands Renault, Volkswagen, and Skoda continue to struggle to enhance presence in the Indian market, witnessing sales decline in the last three financial years, industry data showed. According to data by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in 2022-2023. Similarly, Skoda's sales in India in 2024-2025 were at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in 2022-2023. On the other hand, the Volkswagen brand posted sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had clocked sales of 41,263 units in 2022-2023. "Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told PTI. Explaining why these brands have struggled in India, he said, "Initially, these brands focused heavily on sedans -- Vento, Rapid, and Scala -- which limited their exposure to the fast-expanding SUV segment." Simultaneously, Bhatia said, "They were slower in refreshing product lines, with many models remaining unchanged over extended periods. Network reach has also remained narrow, particularly in Tier 2 and Tier 3 markets, restricting access to a broader audience." Adding to the woes of these brands is "India's unique tax structure, where sub-4-metre vehicles benefit from significantly lower levies". "This has favoured Japanese and Korean OEMs known for cost-effective compact cars. European brands, by contrast, traditionally build larger models and have struggled to deliver competitive offerings within this constraint," Bhatia noted. Under the current policy, passenger vehicles (petrol, CNG, LPG) up to 4 metres in length and up to 1200cc engine attract GST of 28 per cent and 1 per cent compensation cess. Passenger vehicles (diesel) up to 4 metres in length and up to 1500 cc engine is levied 28 per cent GST and 3 per cent compensation cess. Passenger vehicles of length above 4 metre and engine capacity 1500 cc attract 28 per cent GST and cess of 17 per cent, while those above 1500 cc engine size attract 28 per cent GST and cess of 17 per cent. On the other hand, passenger vehicles, popularly known as SUVs -- above 4 metres in length, above 1,500cc engine and more than 170 mm in ground clearance -- attract 28 per cent GST with 22 per cent compensation cess. Bhatia noted that while domestic OEMs like Tata and Mahindra lead by Japanese Maruti Suzuki have captured market share through high localisation, frequent product launches, and early adoption of alternative fuel engines including CNG, hybrids and BEVs, the European players have lagged in electric and hybrid offerings. However, he said, "There are signs of course correction. Skoda, for instance, recently launched the Kylaq, a subcompact SUV tailored for India." On the path forward for these European brands, he said it "may lie in leveraging India for exports and R&D while focusing on under-4-metre, cost-competitive platforms". With such realignments, sustainable growth is possible, he added.>
