Despite discounts, SUVs continue being vehicles of choice: Srikumar Krishnamurthy, ICRA

Despite discounts, SUVs continue being vehicles of choice:  Srikumar Krishnamurthy, ICRA

Srikumar Krishnamurthy, Vice President & Co-Group Head, Corporate Ratings, ICRA, says the recovery or the bounce back post-COVID was pretty significant in the PV segment in particular and even compared to the global markets, we were outgrowing. There is some amount of elevated base that has crept in. So, factors like the pent-up demand and … Read more

Hyundai under pressure from Tata, Mahindra as $3.5 billion India IPO looms

Hyundai under pressure from Tata, Mahindra as .5 billion India IPO looms

Tata Motors Ltd. and Mahindra & Mahindra Ltd. are closing in on Hyundai Motor Co.’s No. 2 position in India, putting pressure on the South Korean automaker just as it prepares for a record $3.5 billion listing of its local unit. While Hyundai has long wrestled with Tata Motors for the second spot, Mahindra — … Read more

India hands 125 SUVs to Sri Lanka Police under line of credit

India hands 125 SUVs to Sri Lanka Police under line of credit

India has handed 125 SUVs to the Sri Lanka Police under a line of credit as part of its ongoing efforts to support the cash-strapped island nation, and address the serious mobility restriction issues faced by the police, due to non-availability of vehicles. As part of its ‘Neighbourhood First’ policy, India has extended multi-pronged assistance … Read more

Top 5 best-selling compact SUVs of September 2020: Kia Sonet leads the way

Top 5 best-selling compact SUVs of September 2020: Kia Sonet leads the way

The Kia Sonet, Maruti Suzuki Vitara Brezza, Hyundai Venue, Tata Nexon and the Mahindra Bolero have emerged as the top five largest-selling compact SUVs of September 2020. Top 5 best-selling compact SUVs of September 2020: Kia Sonet, Maruti Suzuki Vitara Brezza, Hyundai Venue, Tata Nexon and Mahindra Bolero. HIGHLIGHTS The Kia Sonet was launched in … Read more