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Tata's popular SUV Nexon sold 14,759 units in October. However, this figure represents a decrease of approximately 13% compared to last year. Petrol, diesel, CNG and electric variants of Nexon are available in the market, making it a versatile option among the customers.
New Delhi. There has been such a decline in car sales during Diwali this year that dealers have accumulated a record level of inventory stock of 80-85 days. This stock is of approximately 7.90 lakh vehicles, the total value of which is said to be around ₹ 79,000 crore. This information has come to light in an Economic Times report.
According to data from the Federation of Automobile Dealers Association (FADA), car sales have declined by 18.81% this year. Despite this, automakers had increased the stock of vehicles even amid low sales, due to which dealers have increased inventory. There has been a decline in sales since May, due to which the level of inventory with dealers continued to increase.
Impact visible on mid-range cars also
Interestingly, sales of mid-range cars priced between ₹10-25 lakh have also been affected. This category was the main driver of sales growth after the pandemic, but it has also seen a slowdown this year.
Impact of weather and new models
Unusual weather patterns are also being considered as one of the reasons for delay in car purchase. This year, the extreme heat followed by heavy monsoon forced buyers to postpone their plans. At the same time, the demand for new models like Maruti Suzuki Franks and the recently launched Tata Curve has remained stable, which have felt less impact of this recession.
Large manufacturers have the highest inventory
Big companies like Maruti Suzuki and Hyundai have the highest dealer inventory, while companies like Nissan and Citroen have also accumulated sufficient stock.
Tags: auto news, auto sales, Passenger Vehicles
FIRST PUBLISHED: November 2, 2024, 15:48 IST
The Hyundai Creta EV is one of the most awaited electric cars in India and is expected to debut at the 2025 India Mobility Expo in January next year.
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The Hyundai Creta EV is one of the most awaited electric cars in India, and is expected to make its debut at the India Mobility Expo in January next year. Hyundai has already introduced the Kona Electric and Ioniq 5 electric cars in India. However, the Kona Electric could not achieve the desired sales numbers, while the Ioniq 5, being a premium offering, also did not bring in much numbers for the automaker. In this situation, the Hyundai Creta EV could be a crowd puller for the South Korean auto major.
The Hyundai Creta has been one of the most successful SUVs ever since it was launched in India. The automaker aims to capitalise on this successful SUV by bringing the electric Creta. Since the automaker is currently working on the Creta EV, here are some key details of the upcoming electric SUV.
Also read: Maruti EVX to Hyundai Creta EV: Five Tata Curve EV rivals you should wait for
The Hyundai Creta EV will be built on a modified version of the K2 architecture. Interestingly, the current ICE-powered Hyundai Creta is based on the K2 platform. Taking inspiration from the design philosophy of the Hyundai Kona Electric, it can be expected that the upcoming Hyundai Creta EV will share a wide range of design elements with its ICE sibling. However, it will also have a fair number of distinctive styling bits.
Also Read: Upcoming Cars in India in 2024
The Hyundai Creta EV will ditch the traditional front radiator grille in favour of a closed panel. There will be aero-alloy wheels to enhance aerodynamic efficiency, which plays a key role in ensuring optimum range for electric vehicles. Expect some distinctive EV-specific styling themes as well.
Given that Hyundai will position the Creta EV as an upmarket offering, the electric SUV will come with an interior that will carry the same vibe as the current ICE-propelled Creta. However, just like the exterior, it will have EV-specific styling features. The Hyundai Creta EV is expected to get a dual-screen setup combining a touchscreen infotainment system and instrument cluster. Other features will include a 360-degree surround view camera and a Level 2 ADAS suite.
There is very little information about the powertrain and specifications of the upcoming Hyundai Creta EV at the moment. However, it is expected that the upcoming Creta EV will be available in two different battery pack options. Also, it will offer a range of up to 500 km on a single charge.
Launched in early August 2024, the Tata Curve EV is available with two battery pack options – a 45 kWh unit and a 55 kWh unit, promising a range of 502 km and 585 km, respectively. The Hyundai Creta EV is also expected to match these figures.
Take a look at the upcoming EV cars in India.
First Publication Date: 29 August 2024, 12:27 PM IST