Stellantis, the carmaker behind brands like Jeep, Peugeot, and Fiat, faced challenges in the global car market and increased competition from China, leading to a revised operating margin forecast for 2024. Sales fell 27% in the third quarter, with difficulties in North America and Europe. Despite lower vehicle deliveries and revenue drops in North America,…
In October 2024, MG Motor India reported its highest-ever sales with the newly launched Windsor EV emerging as the top-selling model. The Windsor EV sold 3,116 units in its first month, making it the most-sold passenger electric vehicle of the month. Overall, MG Motor India sold 7,045 units in October, showing a 31% increase from…
In October 2024, Honda Cars India reported a 23% decline in sales compared to the same month last year, with 10,080 units sold. Domestic sales were at 5,546 units, a 41% decrease, while exports increased to 4,534 units. Despite the festive season and special offerings like the Elevate Apex Edition, the sales declined. Honda is…
In October 2024, Toyota Kirloskar Motor reported a 41% increase in sales compared to the previous year, selling 30,845 units. Domestic sales in India stood at 28,138 units, with 2707 units exported. The company attributed this growth to the success of its festive edition launches and expanded production capacity. Popular models like the Innova and…