Top 10 selling cars of 2015: Maruti, Hyundai continue dominance
.jpg)
After dismal results in 2013 and 2014, the year 2015 gave the much needed push to the Indian automobile industry as it’s expected to close this year at around 6 per cent year-on-year growth. From the year 2011 to 2014, the overall industry saw a decline of 1 per cent. Of all the segments, passenger vehicle sales inspected a reasonable growth thanks to several new car launches over the year.
While bad rains in some parts of the country affected the two-wheeler growth, low crude oil prices and investment announcements in infrastructure sector helped the passenger vehicle segment register record sales. As against the calendar year 2014’s 2.54 million passenger vehicles sold in the domestic market, the on-going calendar year is expected to achieve 6 per cent growth with an estimated 2.69 million units this year.
While the year wasn’t good for domestic players like Tata and Mahindra, Maruti Suzuki, Hyundai and Honda managed to attract buyers over the year banking on their new products.
Commenting on this Suraj Ghosh, principal analyst, IHS Automotive said: “The year wasn’t good for the domestic players Tata and Mahindra, though both had new launches this year. Tata’s Bolt didn’t do well, whereas Zest had good initial few months but then couldn’t sustain the enthusiasm. Mahindra TUV300 also had good initial response but it’s success can be assessed only a few months later,”
“Maruti has continued its dominance in the Top 10 selling cars this year as well, with it’s older models like Alto, Swift and Dzire successfully holding on to their popularity. It further confirms the effectiveness of Maruti’s two strategic pillars on which it had built its brand – affordability and fuel efficiency. And with i20 and grand i10 doing well, Hyundai also has shown consistent performance in 2015. Verna was bit of a disappointment this year with new Honda City regaining its old ground somewhat but Creta’s numbers kept Hyundai in a good position overall.”, he added.
Other Latest News
.webp)
At least nine people were burnt alive and 15 injured when a moving bus caught fire near Tauru in Haryana's Nuh district in the early hours of Saturday, police said.
The incident occurred around 2 am on the Kundli-Manesar-Palwal (KMP) Expressway. The bus was carrying around 60 people, all residents of Punjab's Hoshiarpur and Ludhiana, who were returning from pilgrim towns of Mathura and Vrindavan. All of them are relatives, police said.
.webp)
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to $450 million via sale of dollar bonds, sources said.
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
.webp)
The national capital on Saturday morning recorded a minimum temperature of 27.1 degrees Celsius, 0.6 notch above the season's average, according to the India Meteorological Department (IMD).
On Friday, Delhi witnessed 47.4 degrees Celsius in Najafgarh, making it the hottest place in the country.
.webp)
Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.
The motion called for the royalty paid to its parent to climb to 5.25 per cent of net sales, net of taxes, compared to the current level of 4.5 per cent. The increase was proposed at a rate of 0.15 per cent per annum.
.webp)
Shares of Zee Entertainment soared up to 5.2 per cent at Rs 141.65 per share on the BSE in Saturday’s intraday trade. The hike in the stock prices came after the company delivered a turnaround in quarterly growth for the January-March quarter of fiscal year 2023-24 (Q4FY24).
In the March quarter, the company reported a consolidated net profit of Rs 13.35 crore, marking a reversal from a consolidated net loss of Rs 196.03 crore in the same period of the previous fiscal year.
.webp)
.webp)
.webp)
.webp)
.webp)
