Latest news with #XUV300
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Business Standard
01-08-2025
- Automotive
- Business Standard
July PV dispatches flat amid high inventory, festive season to boost demand
Domestic passenger vehicle (PV) dispatches reported flat growth of 1 per cent year-on-year (Y-o-Y) in July, reaching 3,48,000 units, dragged by elevated dealer inventory and subdued consumer demand. OEMs are also prioritising retail sales and aligning dispatch closely with actual market demand. Retail sales for the PV industry have also remained muted, with around 3,28,000 units sold in July. Vahan registrations showed Maruti Suzuki leading with 1,28,423 units, capturing a 40 per cent market share. Hyundai Motor India reclaimed the second spot with 42,661 units and a 13 per cent share, after slipping to third in June. It was followed by Mahindra with 41,476 units (13 per cent share) and Tata Motors with 39,795 units (12 per cent share). Industry experts believe that domestic sales performance will continue to be muted in the short term. "Dealership inventory levels remain elevated, prompting manufacturers to moderate vehicle dispatches. According to dealer feedback, customer enquiries have declined, and buyers are taking longer to finalise purchases," stated Anurag Singh, Advisor at Primus Partners. India's largest PV maker, Maruti, saw flat growth of 0.2 per cent Y-o-Y, dispatching 137,776 units this month compared to 137,463 units last year. The company said it is not focusing on dispatches but on aligning them with retail sales, which saw a 7 per cent Y-o-Y growth. The top-selling model for the month was the Dzire, selling 20,895 units, followed by the Ertiga and WagonR with 16,600 units and 14,700 units, respectively. Bucking the trend, Mahindra posted a 20 per cent increase Y-o-Y in its domestic dispatches, reaching 49,871 units compared to 41,623 units last year. The company revealed that the growth was supported by the recent launches of the XUV300 'RevX' series and the commencement of deliveries for the two variants of the BE 6 and XUV9e models. 'We are optimistic about the upcoming festive season, with Onam in Kerala and Ganesh Chaturthi in September likely to drive demand. Bookings in Kerala are already up 10 per cent in July, which is a strong festive indicator. A good monsoon and potential MSP hikes are also expected to support rural sentiment and further boost sales,' said Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki. To offset muted domestic demand, Maruti is focusing on maximising exports. Rural growth has slowed from 10 per cent last year to 2-3 per cent, while urban demand shows improving bookings but deferred deliveries amid IT job concerns, AI-related uncertainties, and geopolitical factors. Dealer stock is tightly calibrated at 36-37 days to avoid inventory build-up, with factory output aligned to retail growth rather than pushing wholesales. The company plans to continue calibrated dispatches through the festive season, maintaining a demand-driven supply strategy. Hyundai Motor India posted a decline of 10 per cent Y-o-Y at 43,973 units for its dispatches compared to 49,013 units last year. Tarun Garg, Whole-time Director and Chief Operating Officer at HMIL, said, 'While the overall auto industry has seen some softness in recent months, we remain optimistic with the onset of the festive season and are fully geared up with robust supply and exciting product offerings.' Tata Motors also saw a decline of 12 per cent, dispatching 39,521 units (including electric vehicles) in July compared to 44,725 units last year. However, the company marked its highest-ever monthly sales for electric vehicles, selling more than 7,000 units. Toyota Kirloskar Motor also reported a marginal decline of 1.2 per cent Y-o-Y, as its monthly domestic dispatches stood at 29,159 units compared to 29,533 units last year. Skoda Auto India domestic dispatches surged by 163 per cent Y-o-Y to 5,536 units this month compared to 2,103 units last year, as it is witnessing robust demand for its compact SUV, the Kushaq. Ashish Gupta, Brand Director at Skoda Auto India, stated, 'July set a strong pace for the second half of 2025, reinforcing our growth momentum in India. This growth reflects a strong response to our diverse product portfolio. Our SUVs—the Kushaq, Kodiaq, and Slavia sedan—are helping us expand into new markets and connect with more customers.' JSW MG Motors reported its highest-ever monthly numbers, surging 46 per cent Y-o-Y. The company dispatched 6,678 units this July, up from 4,575 units last year. The company also launched its first two luxury products under the brand's new luxury sales channel, MG Select: the M9 Presidential Limousine and the MG Cyberster.
Hindustan Times
28-06-2025
- Hindustan Times
Ghaziabad: Gang of seven arrested for issuing fake insurance policies
The cybercrime unit of the Ghaziabad police on Friday arrested seven suspects who allegedly used data of insurance companies and issued fake insurance policies to customers in at least 10 states. The gang, during interrogation, revealed that they duped about 1500 customers and amassed about ₹ 4.5 crore during the past two years, said officials. Uttar Pradesh Police arrested the seven alledged fraudsters in Ghaziabad on Friday. (Sakib Ali/HT Photo) The officials said that the two prime suspects worked with a financial services company in Noida till 2021 and left their jobs thereafter. Before leaving, they copied and brought along data of customers from bigger insurance companies. 'The two prime suspects later decided to cheat people and roped in five other suspects. With the data available, they would call the customers in order to renew or issue fake policies and even offer them benefits. Overall, they told the interrogators that they cheated about 1500 people and gathered about ₹ 4.5 crore. They collected money in several accounts and would issue fake policies,' additional police commissioner (CP) Alok Priyadarshi. The police identified the two prime suspects as Aman Agarwal, 29, and Rahul Sharma, 23, both residents of Crossings Republik Township in Ghaziabad. Their five accomplices were identified as Rahul Yadav, 30, Aftab Alam, 25, Deepak Singh, 26, Garvit Tyagi, 24, and Jagjit Singh, 28. The officials said that all seven were arrested in Vijay Nagar. 'They purchased a Thar and XUV300 SUVs from the money they received and also rented two flats from where they operated. They also operated from their SUVs. So far, we have frozen about ₹ 47 lakh in their accounts, and more investigation is going on in the case,' said Addl. CP Priyadarshini. The officials said that the gang targeted residents of Delhi, UP, Bihar, Maharashtra, West Bengal, Rajasthan, and Gujarat. The police said that the suspects have nine cases reported against them to the National Cyber Crime Reporting Portal. The police said that apart from sections of 318 (cheating), 336 (forgery), and 319 (personation), the suspects are also subjected to legal action under section 111 (organized crime) of the Bharatiya Nyaya Sanhita (BNS).
Time of India
17-06-2025
- Time of India
Car chases bikers on MG Road after spat, crashes into them from behind
1 2 3 4 Gurgaon: Two Delhi Metro employees were chased down the road and rammed by a car full of drunk men near Sahara Mall, leaving both victims with serious injuries. The incident, which occurred in the early hours of June 4, has led to a police case being registered after almost two weeks. Umesh Kumar (30) and Krishan Kumar Meena (30), both customer relations assistants with Delhi Metro Rail Corporation (DMRC), were riding their motorcycle on MG Road around 2.30am when a black XUV 300 (DL-8C-BJ-8421) hit their bike and sped away. Undeterred by the initial collision, Umesh, a Rewari resident returning from Sikanderpur metro station to his rented accommodation, pursued the vehicle with his colleague. "I blew the horn and flashed the bike's headlights to signal them to stop. I wanted to confront them about the way they were driving the car and their casual approach of hitting us and pretend as if nothing had happened," Umesh told TOI. The situation escalated when the XUV made a U-turn near Sahara Mall. When the biker duo stopped near them, they discovered that the occupants were heavily drunk. "When we tried talking to them, they became aggressive and abusive. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo Two or three men stepped out of the car, and threatened to assault us," Umesh stated in his police complaint. Sensing danger, the duo attempted to leave, but the XUV gave them a chase and crashed into their motorcycle from behind. The impact was devastating. As the bike skidded off the road, the two were thrown in the air and landed a few metres ahead. "It was a calculated attack. The forceful collision threw us off the bike," said Umesh, who lost consciousness and required 10 days of hospitalisation. He suffered fractures to his hand and face, while Meena sustained a broken hand. It was Meena who managed to seek help and get his unconscious colleague to hospital. Asked about the delay in registering an FIR, police officials attributed it to Umesh's treatment in hospital and his need to consult family members. A case was registered against unknown persons at DLF Phase 1 police station under sections 125, 125(a) (acts endangering life), and 281 (rash driving) of BNS. Police said they were examining CCTV footage to identify the suspects. "This wasn't an accident but a deliberate attempt to endanger our lives," Umesh said, still recovering from the trauma.
