KG Mobility and Renault Korea Motors have made strong challenges with their new models in the midsize SUV segment, which has been largely dominated by Hyundai Motor Group, according to industry data on Monday.
According to the Korea Automobile and Mobility Industry Association, KG Mobility's Actyon and Renault Korea's Grand Koleos, both SUV brands introduced this summer, sold 1,686 units and 3,900 units, respectively, in September.
Their combined market share totalled 24.8...
KG Mobility, Renault Korea threaten Hyundai, Kia in midsize SUV market
Mahindra & Mahindra on Wednesday reported revenue growth of 11.2 per cent (year-on-year) at Rs 27,133 crore in the first quarter of FY25, while net profit fell 5 per cent to Rs 2,613 crore YoY.
The PAT, excluding gains on KG Mobility and MCIE sale, stood at Rs 2,120 crore, recording a growth of 23 per cent YoY, said the company.
The company’s standalone EBITDA increased by 16 per cent to Rs 4,116 crore compared to Rs 3,551 crore posted in the same period last year.
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Mahindra & Mahindra posts 5 pc net profit drop in Q1, sales up on strong SUV demand
Automaker Hyundai Motor India has registered a decline of 1.22 per cent in overall auto sales in the month of June, while Kia India reported a growth of 9.8 per cent, the companies said on Monday.
Hyundai Motor registered total sales of 64,803 units -- domestic 50,103 units and exports 14,700 units -- in June 2024, as compared to 65,601 units sold in June last year.
The automaker also completed the first half (H1) of 2024, with total sales of 3,85,772 units, achieving a growth of 5.68 p...
Hyundai Motor register decline, Kia logs growth in overall sales in June
Mahindra & Mahindra (M&M) on Thursday announced that it sold a total of 41,008 SUVs in the domestic market in April, registering an 18 per cent (year-on-year) growth compared to the same month of last year when it sold 34,694 SUVs.
The company also mentioned that it sold 41,542 units of passenger vehicles in the utility vehicle segment, including both domestic and export numbers.
The SUV maker's overall auto sales for April stood at 70,471 vehicles, a growth of 13 per cent, ...
Mahindra Auto sells 41,008 SUVs in India in April, registering 18 pc growth
