m&m: Mahindra wholesales rise 24 pc in Feb at 72,923 units

New Delhi: Mahindra & Mahindra on Friday said its total sales increased 24 per cent to 72,923 units in February. The company’s total dispatches to its dealers stood at 58,801 units in February 2023. The Mumbai-based auto major’s passenger vehicle sales in the domestic market rose 40 per cent to 42,401 units last month against … Read more

Sony gaming margin questioned after PS5 sales cut sparks stock plunge

The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Around $10 billion of value was wiped off Sony’s stock last week, after the Japanese tech giant cut its sales forecast for its flagship PlayStation 5 console for the fiscal year. Analysts, who already thought Sony’s PS5 target was too … Read more

Auto dispatches scale new peak as dealers stock up post year-end sales

Automakers dispatched 393,074 units of cars, utility vehicles and vans last month, a 14% increase from a year earlier and the highest on record, as dealers restocked inventories depleted during year-end sales promotions. As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), the previous record for passenger vehicle sales was 391,811 … Read more

Hyundai sales rise 8.5 pc in January at 67,615 units

Hyundai Motor India on Thursday said its wholesales rose by 8.5 per cent to 67,615 units in January. The automaker had dispatched 62,276 units in the same month last year. Domestic sales saw an increase of 14 per cent to 57,115 units last month from 50,106 units in the year-ago period. Exports, however, declined by … Read more

HMSI Sale: HMSI domestic overall sales rise 42 pc to 4,19,395 units in January

Mumbai: Japanese two-wheeler maker Honda Motorcycle & Scooter on Thursday said its overall sales in the domestic market surged 41.50 per cent year-on-year to 4,19,395 units in January. Honda Motorcycle & Scooter India (HMSI) Pvt Ltd had dispatched a total of 2,96,375 units to the market in January 2023, according to a statement. Of the … Read more

Indian luxury car buyers move from diesel to electric

Sales of diesel vehicles in the luxury vehicle segment have more than halved in the last five years even as the rich and well-heeled have taken the lead in adoption of electric vehicles in the country. The share of diesel in total sales of luxury vehicles in the local market declined to 35% last year … Read more

Indian luxury car buyers move from diesel to electric

Sales of diesel vehicles in the luxury vehicle segment have more than halved in the last five years even as the rich and well-heeled have taken the lead in adoption of electric vehicles in the country. The share of diesel in total sales of luxury vehicles in the local market declined to 35% last year … Read more

hyundai: Hyundai Motors India anticipates SUVs to dominate two-thirds of sales in 2024

Korean auto major Hyundai Motor India expects nearly two-thirds of its sales to come in from SUVs in the ongoing calendar year with a refreshed portfolio of products in the segment. The company, which launched a refreshed version of best-seller Creta I in petrol and diesel Tuesday priced between Rs 10.99-19.99 lakh (ex-showroom), registered 60% … Read more

Mercedes Benz expands presence in India with ambitious launch plans for 2024

German luxury carmaker Mercedes Benz is looking at launching over a dozen vehicles, including three battery electric ones, to expand business in the Indian market in the ongoing calendar year. Mercedes Benz India – which grew volumes by 10% to a record 17,408 units last year – expects sales to increase in double-digits in 2024. … Read more

Asia’s young and rich are fueling art demand — what are they collecting?

Auctioneer Victoire Gineste gestures as she adjudicates for 20 million euros ($21.9 million) a recently rediscovered drawing by Michelangelo, the artist’s first known nude, at the Christie’s auction house in Paris on May 18, 2022. Emmanuel Dunand | Afp | Getty Images Wealthy, young collectors in Asia have been fueling demand for art — particularly … Read more