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Upcoming cars launching in India in September 2024

New upcoming electric cars in India in 2024

Global rating agency Moody's on Monday raised <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>'s growth forecast for 2024 calendar year to 6.8 per cent, from 6.1 per cent estimated earlier, on the back of 'stronger-than-expected' economic data of 2023 and fading global economic headwinds. <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>'s real GDP expanded 8.4 per cent year-over-year in the fourth quarter of calendar year 2023, resulting in a 7.7 per cent growth for full-year 2023. Capital spending by the government and strong manufacturing activity have meaningfully contributed to the robust growth outcomes in 2023, Moody's Investors Service said. With global headwinds fading, the Indian economy should be able to comfortably register 6-7 per cent real GDP growth, it added. "India's economy has performed well and stronger-than-expected data in 2023 has caused us to raise our 2024 growth estimate to 6.8 per cent from 6.1 per cent. India is likely to remain the fastest growing among G-20 economies over our forecast horizon," Moody's said in its Global Macroeconomic Outlook for 2024. For 2025, the GDP growth is estimated at 6.4 per cent. The agency said high-frequency indicators show that the economy's strong September and December quarter momentum carried into the March quarter of 2024. "Robust goods and services tax collections, rising auto sales, consumer optimism and double-digit credit growth suggest urban consumption demand remains resilient. On the supply side, expanding manufacturing and services PMIs add to evidence of solid economic momentum," Moody's said. This year's interim budget targets capital expenditure allocation of Rs 11.1 lakh crore or 3.4 per cent of GDP in 2024-25 (fiscal year 2025), 16.9 per cent above the 2023-24 estimates. "We expect policy continuity after the general election and continued focus on infrastructure development," Moody's said. The agency said while private industrial capital spending has been slow to pick up, it is expected to pick up with ongoing supply chain diversification benefits and investors' response to the government's Production Linked Incentive scheme to boost key targeted manufacturing industries. The year 2024 is an election year for several G-20 countries including India, Indonesia, Mexico, South Africa (Ba2 stable), the UK and the US. Implications of elections can go beyond borders and economic and public policy in today's increasingly fractious world, it said. "Leaders elected this year will influence domestic and foreign policies for the next four to five years. Businesses are accordingly responding to evolving geopolitical dynamics by reorganizing supply chains and capital sources," Moody's said. It said geopolitical realities will be influencing international trade flows, capital flows, international migration trends and international organizations in the years to come. Domestically, industrial and trade policies of several countries are intertwined with foreign policy. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/realme-12-5g-with-dimensity-7050-chipset-to-launch-in-india-on-march-6/articleshow/108129873.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-12-5g-with-dimensity-7050-chipset-to-launch-in-india-on-march-6/articleshow/108129873.cms" target="_blank">Realme 12+ 5G with Dimensity 7050 chipset to launch in India on March 6</a><a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-14-to-launch-in-india-on-march-7-to-take-on-the-galaxy-s23-and-oneplus-12/articleshow/107841326.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-14-to-launch-in-india-on-march-7-to-take-on-the-galaxy-s23-and-oneplus-12/articleshow/107841326.cms" target="_blank">Xiaomi 14 to launch in India on March 7, to take on the Galaxy S23 and OnePlus 12</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-march-2024/slidelist/108095936.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-march-2024/slidelist/108095936.cms" target="_blank">Upcoming cars launching in India in March 2024</a>

Moody's raises India's 2024 growth forecast to 6.8%

<ul><li>The Indian passenger vehicles segment has recorded decent growth in March 2024.</li><li><keyword id="44883" type="General" weightage="20" keywordseo="Maruti-Suzuki" source="Orion">Maruti Suzuki</keyword> continues to lead the passenger vehicle segment with <keyword id="596" type="General" weightage="20" keywordseo="Hyundai" source="Orion">Hyundai</keyword> at the second spot.</li><li>Hyundai has beaten <keyword id="42747" type="General" weightage="20" keywordseo="Tata-Motors" source="Orion">Tata Motors</keyword> to reclaim the second spot in the Indian car industry.</li></ul>The auto sales numbers for March 2024 and FY24 have started pouring in, with companies recording decent growth across the board. Maruti Suzuki has once again emerged as the market leader, with Hyundai taking the second spot. Hyundai lost the second position to Indian automaker Tata Motors in February 2024 after it sold around a thousand vehicles less than the latter. The company has now reclaimed the second position and reported a new high for its yearly sales. <cmsannotation type="cmsannotation" annotationid="Maruti Suzuki retains the top spot" comment="subhead" text="Maruti Suzuki retains the top spot">Maruti Suzuki retains the top spot</cmsannotation> India’s largest car maker Maruti Suzuki retained the top spot by reporting sales of 1,52,718 passenger vehicles in March 2024, up from 1,32,763 cars sold in March 2023, registering a 15% year-on-year growth. Coming to the company’s sales during FY24, the Indian automaker sold 17,59,881 vehicles during the year, up from 16,06,870 vehicles sold in FY23, recording a 9.5% growth. The company’s sales have been boosted by the sale of compact vehicles such as the Brezza, Ertiga, Fronx, Grand Vitara and more, which have received a 75% boost during the year. <cmsannotation type="cmsannotation" annotationid="Hyundai reports record sales" comment="subhead" text="Hyundai reports record sales">Hyundai reports record sales</cmsannotation> Hyundai has emerged as the second biggest player in the Indian car market in March 2024 with domestic sales of 53,001 vehicles in March 2024, up from 50,600 vehicles sold in March 2023, recording a growth of around 5%. The company’s exports reported a growth of 16% from 10,900 in March 2023 to 12,600 in March 2024. The company reported record sales during FY24 at 7,77,876 vehicles, up from 7,20,565 vehicles sold in FY23, registering a growth of 8%. This includes an export of 1,63,515 vehicles in FY24 and 1,53,019 vehicles in FY23. <cmsannotation type="cmsannotation" annotationid="Tata Motors takes the third spot" comment="subhead" text="Tata Motors takes the third spot">Tata Motors takes the third spot</cmsannotation> Tata Motors came in third with sales of 50,297 vehicles in March 2024, up from 44,225 vehicles in March 2023, registering a 14% growth year-on-year. Coming to its annual sales, the company sold 5,73,495 vehicles in FY24, up from 5,41,087 vehicles in FY23, registering a 6% growth. The company’s commercial sales during FY24 were 3,78,060 in FY24, down 4% from 3,93,317 vehicles sold in FY23. <cmsannotation type="cmsannotation" annotationid="Mahindra reports growth while MG declines" comment="subhead" text="Mahindra reports growth while MG declines">Mahindra reports growth while MG declines</cmsannotation> Mahindra and Mahindra reported a growth in domestic dispatches from 35,997 vehicles in March 2023 to 40,631 vehicles in March 2024, registering a growth of 13%. During FY24, the company sold 4,59,877 vehicles, up from 3,59,253 vehicles sold in FY23, recording a growth of 28%. On the other hand, MG Motor reported a decline in its sales. The company sold 4,648 vehicles in March 2024, down from 6,051 in March 2023. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/ussd-based-call-forwarding-to-be-suspended-soon-to-curb-fraud/articleshow/108933705.cms">USSD-based call forwarding to be suspended soon to curb fraud</a> <a href="https://www.businessinsider.in/tech/apps/news/from-ai-photo-editing-to-international-upi-payments-here-are-upcoming-whatsapp-features/articleshow/108815797.cms">From AI photo editing to international UPI payments, here are upcoming WhatsApp features</a> <a href="https://www.businessinsider.in/tech/mobile/news/vivo-v30-pro-review/articleshow/108944431.cms">Vivo V30 Pro review: premium cameras in the mid-range segment</a>

Hyundai retakes the second spot from Tata Motors, records its highest-ever sales

<keyword id="19959099" type="General" weightage="20" keywordseo="sunrisers-hyderabad" source="keywords">Sunrisers Hyderabad</keyword> (<keyword id="274027" type="General" weightage="20" keywordseo="srh" source="Orion">SRH</keyword>) have appointed <keyword id="19941485" type="General" weightage="20" keywordseo="pat-cummins" source="keywords">Pat Cummins</keyword> as the captain of the side ahead of the 2024 Indian Premier League (<keyword id="6354312" type="General" weightage="20" keywordseo="ipl" source="Orion">IPL</keyword>) season, said the franchise through its social media accounts on Monday. SRH were captained by Aiden Markram in previous two seasons, but didn't gain any significant success, especially finishing at the bottom of the points table in IPL 2023, having just four wins from 14 matches. Markram, though, successfully led SunRisers Eastern Cape, a sister team of the SRH franchise to the trophy in the first two seasons of the SA20. But <keyword id="19928916" type="General" weightage="20" keywordseo="cummins" source="keywords">Cummins</keyword> had a magnificent 2023, which boosted his leadership credentials - winning the World Test Championship (WTC), retaining the Ashes in England and claiming a record sixth Men's ODI World Cup as captain of Australia. It will be the first time Cummins will be captaining a side in the IPL and reunites with Daniel Vettori, the new SRH head coach who also works as an assistant coach for Australia. He also becomes the second Australian to be SRH's captain after fellow country-mate <keyword id="19948689" type="General" weightage="20" keywordseo="david-warner" source="keywords">David Warner</keyword>, who led the franchise in 67 matches from 2015 to 2021. In last year's IPL Auction at Dubai, Cummins was roped in by the franchise for a whopping Rs 20.5 crore, making him the second-most expensive player in the history of the league. Cummins has previously been a part of Delhi Capitals and <keyword id="20446970" type="General" weightage="20" keywordseo="kolkata-knight" source="keywords">Kolkata Knight</keyword> Riders in the IPL. Sunrisers Hyderabad, the IPL 2016 winners, will open its IPL 2024 campaign on March 23 against two-time champions Kolkata Knight Riders at the Eden Gardens, followed by playing its first home match at the Rajiv Gandhi International Stadium on March 27 against five-time champions Mumbai Indians. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/realme-12-5g-with-dimensity-7050-chipset-to-launch-in-india-on-march-6/articleshow/108129873.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-12-5g-with-dimensity-7050-chipset-to-launch-in-india-on-march-6/articleshow/108129873.cms" target="_blank">Realme 12+ 5G with Dimensity 7050 chipset to launch in India on March 6</a><a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-14-to-launch-in-india-on-march-7-to-take-on-the-galaxy-s23-and-oneplus-12/articleshow/107841326.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-14-to-launch-in-india-on-march-7-to-take-on-the-galaxy-s23-and-oneplus-12/articleshow/107841326.cms" target="_blank">Xiaomi 14 to launch in India on March 7, to take on the Galaxy S23 and OnePlus 12</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-march-2024/slidelist/108095936.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-march-2024/slidelist/108095936.cms" target="_blank">Upcoming cars launching in India in March 2024</a>

IPL 2024: Sunrisers Hyderabad appoint Pat Cummins as captain for upcoming season

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Upcoming cars launching in India in September 2024

Sourabh Jain

New upcoming electric cars in India in 2024

Sourabh Jain

Moody's raises India's 2024 growth forecast to 6.8%

PTI

Hyundai retakes the second spot from Tata Motors, records its highest-ever sales

Sourabh Jain

IPL 2024: Sunrisers Hyderabad appoint Pat Cummins as captain for upcoming season

IANS

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