Weekly News Wrap: Maruti’s ₹77,500 Crore Bet, Skoda VW Job Cuts, August Sales
Article excerpt
The week saw passenger vehicle sales jump 36% in August, Maruti Suzuki outline a five-year investment programme, policymakers push deeper localisation and tighter emission norms, while Kia and Hyundai laid out multi-powertrain strategies. India’s automotive industry had a busy week between August 31 and September 6, led by a sharp rise in August vehicle sales, fresh investment and product plans and a series of policy announcements at the ACMA and SIAM annual conventions. Domestic passenger vehicle wholesales were estimated to have risen around 36% year-on-year in August to about 4.5 lakh units, while the shift towards alternative powertrains continued. Maruti Suzuki outlined a ₹77,500 crore investment programme through FY31 and said it would ramp up production of the eVitara while preparing a smaller electric vehicle. Policy was another major theme. The government said a draft of BS7 emission norms could be released in the next couple of months, approved a retrofit emission-control standard for older trucks and buses and called on manufacturers to deepen localisation. Kia entered India’s hybrid market with the Sorento and announced plans for CNG, hybrid and flex-fuel products, while Hyundai said EVs would lead the transition to cleaner mobility but hybrids could eventually become the “next diesel”. Tata Motors, meanwhile, formally launched its €3.82 billion tender offer for...
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Kia confirmed factory-fitted CNG versions of the Carens and Carens Clavis, a flex-fuel Syros and a hybrid Carnival.
