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Mahindra XUV 3XO compact SUV launched in India starting at ₹7.49 lakh

<ul><li>The <keyword id="22862792" type="General" weightage="20" keywordseo="Skoda-Kylaq" source="keywords">Skoda Kylaq</keyword> SUV has been launched in India.</li><li>The subcompact SUV has been priced starting at ₹7.89 lakh.</li><li>The deliveries of the SUV will begin on January 27, 2025.</li></ul> Skoda has announced the launch of its latest SUV, the Skoda Kylaq in India. The Kylaq is the company’s entry-level subcompact SUV and is aimed at users looking for an affordable SUV. The Skoda Kylaq is positioned below the company’s Kushaq and will take on the likes of the Tata Nexon, Kia Sonet, Mahindra 3XO, Hyundai Venue and other similar offerings in the sub-four-metre SUV segment. <h2><keyword id="23828211" type="General" weightage="20" keywordseo="Skoda-Kylaq-price" source="keywords">Skoda Kylaq price</keyword> in India</h2>Skoda has only announced the starting price of the Kylaq. The SUV has been priced starting at ₹7.89 lakh (ex-showroom) in the country. <h2>Skoda Kylaq availability in India</h2>Bookings for the Skoda Kylaq will begin on December 2 and the deliveries for the car will start from January 27, 2025. <h2><keyword id="23828212" type="General" weightage="20" keywordseo="Skoda-Kylaq-features" source="keywords">Skoda Kylaq features</keyword></h2>The Skoda Kylaq comes with the company’s signature styling, featuring a bold grille with a split headlight setup, with DRLs placed above the headlamps. It comes with chrome door handles, roof rails and body cladding. The SUV features 17-inch alloy wheels. <div type="Article" hostid="261" msid="114931927" title="October auto sales – Maruti Suzuki and Tata Motors report a decline, Mahindra continues to grow" mstype="2" mssubtype="0"></div> It features a 10-inch infotainment screen with wireless Android Auto and Apple CarPlay support. The Kylaq features an 8-inch digital driver’s display, automatic climate control, a sunroof, and rear AC vents and offers keyless entry. The Skoda Kylaq is equipped with a 1-litre turbo-petrol engine that delivers 115 PS power and 178 Nm of peak torque. It is offered with either a 6-speed manual transmission or a 6-speed torque-converter (TC) transmission In terms of safety, the Kylaq is offered with six airbags, ABS with EBD, electronic stability control, hill-hold assist, tyre pressure monitoring system (TPMS) and a reverse parking camera. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/swiggy-ipo-gmp-risk-factors-and-all-you-need-to-know/slidelist/115004939.cms">Swiggy IPO – GMP, risk factors and all you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-gt-7-pro-with-snapdragon-8-elite-6500mah-battery-to-launch-in-india-on-november-26/articleshow/114945858.cms">Realme GT 7 Pro with Snapdragon 8 Elite, 6,500mAh battery to launch in India on November 26</a> <a href="https://www.businessinsider.in/business/auto/news/october-auto-sales-maruti-suzuki-and-tata-motors-report-a-decline-mahindra-continues-to-grow/articleshow/114931927.cms">October auto sales – Maruti Suzuki and Tata Motors report a decline, Mahindra continues to grow</a>

Skoda Kylaq SUV launched in India starting at ₹7.89 lakh

New Delhi [India], November 29: The SUV segment is witnessing tremendous growth in India. Attractive designs, feature-loaded cabins, higher ground clearance for broken roads, and butch road presence are some of the reasons behind the surging popularity of SUVs. Mahindra &amp; Mahindra, with its strong SUV heritage, currently has three of the hottest-selling SUV models in its portfolio - the <keyword id="6871125" type="General" weightage="20" keywordseo="xuv700" source="Orion">XUV700</keyword>, <keyword id="177599" type="General" weightage="20" keywordseo="thar" source="Orion">Thar</keyword>, and <keyword id="13987144" type="General" weightage="20" keywordseo="scorpio-n" source="Orion">Scorpio N</keyword>. Owing to the high demand from customers, these vehicles command waiting periods ranging from 3 months to as long as 16 months! Mahindra XUV700: Up to 9 Months Waiting The XUV700, launched in 2021, is Mahindra's new flagship SUV. With its aggressive styling, premium interiors, potent engine options and generous features, the XUV700 has struck a chord with Indian SUV buyers. Pricing &amp; Positioning The XUV700 is a midsize SUV priced from Rs 14.03 lakhs to Rs 26.57 lakhs (ex-showroom). It competes primarily with 5/7-seater SUVs like Tata Safari, MG Hector Plus, Hyundai Alcazar and Skoda Kodiaq. Design &amp; Engineering The XUV700 has a bold and muscular exterior profile accentuated by the sleek LED headlamps integrated with the grille. The interior follows a black and beige dual-tone theme with soft-touch materials and premium finishes. Underpinning the SUV is a monocoque chassis made using high-tensile steel for rigidity and safety. Variants &amp; Colour Options It is offered in 2 broad trims - MX and AdrenoX (AX), comprising AX3, AX5 and AX7 variants. Colour options include Everest White, Midnight Black, Dazzling Silver, Red Rage and Electric Blue. Engine, Transmission &amp; Mileage The XUV700 lets buyers choose between two powerful engine options - a 2.0-liter turbocharged petrol and a 2.2-liter diesel motor. The petrol engine churns out 200 horsepower while the oil burner produces 185 horses. Both engines come mated to 6-speed manual as well as automatic transmissions. The top-end AX7 diesel variant also offers an optional all-wheel drive system for enhanced grip and control. In terms of fuel efficiency, the official ARAI testing claims the XUV700 delivers anywhere between 16-20 km/litre, depending on the exact variant you pick. Interior, Comfort &amp; Safety Features The XUV700's cabin offers an expansive space and a long list of features. It gets a large 10.25-inch touchscreen, panoramic sunroof, 7-inch digital driver display, connected car features, 6-way powered driver seat, dual-zone climate control, 12-speaker Sony sound system and more. Safety is comprehensively addressed with up to 7 airbags, ABS with EBD, ESP, hill-hold control, tyre pressure monitoring system and ADAS tech. The ADAS suite includes adaptive cruise control, autonomous emergency braking, lane departure warning, blind-view monitoring and more. Why is it in High Demand? The XUV700 strikes an excellent balance between features, performance and price. The SUV looks ultra-modern, offers a premium connected car experience at par with cars from higher segments, provides spirited performance, and focuses on safety. Attractive pricing has sealed the deal for buyers as the XUV700 offers terrific value. Mahindra Thar: 15-16 Months Waiting Period The new 2nd generation Thar went on sale in 2020. With its iconic retro design, unrivalled off-roadability and modern creature comforts, the SUV has become a hot seller, with waiting times extending to 15-16 months. Pricing &amp; Positioning The new Thar is priced from Rs 10.98 lakhs to Rs 16.94 lakhs (ex-showroom). It fills the slot of an affordable compact off-road SUV, similar to Force Gurkha. Design &amp; Engineering The new Thar carries forward the charm of the original Thar with its boxy profile, round headlamps and removable doors/roof. The interiors now get a major upgrade with touchscreen infotainment, steering-mounted controls, rear parking sensors, remote key and more. It retains rugged mechanics like a 4WD drivetrain, mechanical locking differentials, low-range gearbox and high ground clearance. Variants, Colors &amp; Seating Options It is offered in AX(O) and LX variants with a choice of 6 colours and a 4-seater configuration. Engine, Transmission &amp; Mileage Engine options include - 1.5L diesel, 2.0L turbo petrol and 2.2L diesel. Gearbox choices for these motors are 6-speed manual and automatic. ARAI mileage ranges from 15-18 km/l. Interior, Comfort &amp; Safety Features The cabin now features a 7-inch touchscreen, power windows, remote keyless entry, rear parking sensors, tilt adjustable steering and more. Safety is taken care of by dual airbags, ABS with EBD, rear parking sensors, seat belt reminders and more. Why is it Popular? The Thar blends iconic design, excellent off-road hardware, and modern comfort &amp; convenience features. Its capabilities to conquer rough terrain are unparalleled in its price range. The new Thar offers a unique driving experience - open-air motoring with the wind in your hair! Mahindra Scorpio N: Up to 11 Months Waiting Period The "Big Daddy of SUVs," the all-new 3rd generation Scorpio N, is the latest addition to Mahindra's SUV portfolio. Launched in 2022, the SUV has received a strong response, with bookings exceeding 1 lakh units, resulting in waiting periods of up to 11 months. Pricing &amp; Positioning The Scorpio N is positioned as an affordable 7-seater midsize SUV with prices ranging from Rs 13.26 lakhs to Rs 24.54 lakhs (ex-showroom). It rivals the MG Hector, Tata Harrier and Kia Seltos. Design &amp; Engineering The Scorpio N sports a radical design overhaul inside and out. The sophisticated new styling is complemented by a high-quality cabin loaded with features. Underpinning it is an advanced new 3rd generation body-on-frame platform. Variants, Colors &amp; Seating Options It is sold in Z2, Z4, Z6 and Z8 variants. Dual-tone colour themes are available across variants. Choice of 6 or 7-seater layouts. Engine, Transmission &amp; Mileage The Scorpio N lets you pick between two powertrain options - a 2.2-litre diesel engine and a 2.0-litre turbo-petrol motor. The oil burner churns out 132 PS of peak power while the turbo-petrol generates a healthy 203 horses. Both these engines come mated to 6-speed manual as well as automatic gearbox options. So whether you prefer self-shifting or the convenience of an auto, the Scorpio N has got you covered. In terms of efficiency, Mahindra claims the SUV can deliver up to 18 km/l as per ARAI tests. Real-world mileage is likely to be in the 12-15 km/l ballpark, which is quite respectable for this class of vehicle. Interior, Comfort and Safety Features The feature-loaded cabin gets an 8-inch touchscreen, UVO-connected car tech, 12-speaker Sony sound system, dual-zone climate control, 6-way powered driver seat, panoramic sunroof and more. The safety kit consists of 6 airbags, ABS with EBD, hill descent control, rear parking camera, TPMS and more. Higher variants also add on ADAS tech. Why is it in demand? The Scorpio N impresses with its striking new design, premium interiors, powerful engine performance and extensive features. Generous space for seven adults, strong build quality, and Mahindra's trusted brand name further attract buyers. The Bottom Line Attractive pricing, modern designs and extensive feature lists make the XUV700, Thar and Scorpio N a hit among SUV buyers. As a result, customers are facing long waiting periods of 3 to 16 months, depending on the chosen model and variant. However, the lengthy wait is well worth it, considering the excellent package Mahindra has put together with these new-age SUVs. (ADVERTORIAL DISCLAIMER: The above press release has been provided by ATK. will not be responsible in any way for the content of the same)

Thar, Xuv700, Scorpio N are the Mahindra's highest waiting cars

<ul><li><keyword id="19909974" type="General" weightage="20" keywordseo="Maruti-Suzuki" source="keywords" meta.keywordsubtype="org" meta.entityname="Maruti Suzuki" meta.hostid="261" meta.entityid="Maruti Suzuki">Maruti Suzuki</keyword> continues to lead the <keyword id="21502158" type="General" weightage="20" keywordseo="Indian-car-market" source="keywords">Indian car market</keyword>, with 1,44,002 cars sold in May 2024.</li><li><keyword id="19906087" type="General" weightage="20" keywordseo="Hyundai" source="keywords">Hyundai</keyword> and <keyword id="19906967" type="General" weightage="20" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword> continue to battle for the second spot, with Hyundai taking the lead.</li><li><keyword id="19993913" type="General" weightage="20" keywordseo="Mahindra-Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Mahindra &amp; Mahindra" meta.hostid="261" meta.entityid="Mahindra &amp; Mahindra">Mahindra &amp; Mahindra</keyword> and Toyota recorded a good increase in <keyword id="20030262" type="General" weightage="20" keywordseo="car-sales" source="keywords">car sales</keyword> in May 2024.</li></ul>Hyundai Motor India and Tata Motors continued to battle for the second spot in the Indian auto market in May 2024 as car sales reported a modest 4% growth amid the Lok Sabha 2024 elections. Maruti Suzuki continued to lead the Indian car market, occupying over 40% of the market. The total car shipments in May 2024 stood at 3,50,257, up from 3,35,436 in May 2023, a growth of 4%. <cmsannotation type="cmsannotation" annotationid="Maruti Suzuki leads the market with a comfortable margin" comment="subhead" text="Maruti Suzuki leads the market with a comfortable margin">Maruti Suzuki leads the market with a comfortable margin</cmsannotation> Maruti Suzuki continued to lead the Indian car market, with 1,44,002 cars sold during May 2024, up from 1,43,708 cars shipped in May 2023, recording just 0.2% increase. The company exported 17,367 units during this period, down from 26,477 cars exported in May 2023, registering a 34.4% decline. Out of the company’s total domestic shipments, over a third have come from SUVs. The company shipped 54,204 SUVs in May 2024, up from 46,243 SUVs shipped in May 2023, registering a 17% growth. <cmsannotation type="cmsannotation" annotationid="Hyundai takes the second spot" comment="subhead" text="Hyundai takes the second spot">Hyundai takes the second spot</cmsannotation> Hyundai Motor India occupied the second spot with 49,151 cars shipped in May 2024, up from 48,601 cars shipped in May 2023, recording a 1% shipment growth. The Hyundai Creta emerged as the company’s most popular car, with 14,662 units shipped during the month. SUVs were responsible for 67% of the company’s total PV sales in May 2024. The company recorded a 31% increase in exports, shipping 14,400 cars, up from 11,000 shipped in May 2023. <cmsannotation type="cmsannotation" annotationid="Tata Motors comes a close third" comment="subhead" text="Tata Motors comes a close third">Tata Motors comes a close third</cmsannotation> Tata Motors has come a close third, with 46,697 cars shipped during May 2024, up from 45,878 cars sold in May 2023, recording a 2% growth. Out of this, 5,558 cars sold were electric vehicles, registering a 4% year-on-year decline from 5,805 EVs sold in May 2023. The company’s exports have increased by 257% to 386 cars during May 2024. <cmsannotation type="cmsannotation" annotationid="Mahindra &amp; Mahindra" comment="subhead" text="Mahindra &amp; Mahindra">Mahindra &amp; Mahindra</cmsannotation> Mahindra &amp; Mahindra recorded a 31% increase in car sales in May 2024, selling 43,218 cars, up from 32,886 cars shipped in May 2023. The company's entire sales are in the form of SUVs, including the recently launched Mahindra XUV 3XO. <cmsannotation type="cmsannotation" annotationid="Toyota reports an increase while MG Motor declines" comment="subhead" text="Toyota reports an increase while MG Motor declines">Toyota reports an increase while MG Motor declines</cmsannotation> Toyota reported a 24% increase in shipments, with 25,273 cars shipped in May 2024, up from 20,410 units shipped in May 2023, recording a 24% year-on-year growth. On the other hand, MG Motor reported a 5% decline in car sales with 4,769 vehicles sold in May 2024, down from 5,006 vehicles in May 2023. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-june-2024/slidelist/110591467.cms">Upcoming cars and two-wheelers launching in India in June 2024</a> <a href="https://www.businessinsider.in/tech/mobile/news/huawei-beats-samsung-to-take-the-top-spot-in-global-foldable-smartphone-shipments/articleshow/110583786.cms">Huawei beats Samsung to take the top spot in global foldable smartphone shipments</a> <a href="https://www.businessinsider.in/tech/news/apple-wwdc-2024-to-begin-with-keynote-on-june-10-event-schedule-what-to-expect-and-more/articleshow/110537952.cms">Apple WWDC 2024 to begin with keynote on June 10 – event schedule, what to expect and more</a>

May Auto Sales – Tata Motors and Hyundai continue to fight for the second spot as car sales grow by 4%

The <keyword id="19949639" type="General" weightage="20" keywordseo="rupee" source="keywords">rupee</keyword> traded on a flat note at 83.43 against the <keyword id="19949640" type="General" weightage="20" keywordseo="US-dollar" source="keywords">US dollar</keyword> in early trade on Thursday amid a strong greenback after the American central bank decided to keep <keyword id="20071327" type="General" weightage="20" keywordseo="interest-rate" source="keywords">interest rate</keyword> unchanged. Forex traders said that an upward movement in the <keyword id="20024983" type="General" weightage="20" keywordseo="crude-oil-prices" source="keywords">crude oil prices</keyword> also pressured the Indian currency. However, it found support from positive domestic <keyword id="19911354" type="General" weightage="20" keywordseo="equity-market" source="keywords">equity market</keyword> sentiment and inflow of foreign capital. At the interbank foreign exchange, the domestic unit opened strong at 83.41 but later slipped to its previous closing level of 83.43 against the dollar. The rupee had settled 2 paise higher at 83.43 against the dollar on Tuesday, a day after losing 7 paise on Monday. Foreign exchange market was closed on Wednesday on account of Maharashtra Day. On Wednesday, the US Federal Reserve decided to maintain the status quo on the benchmark interest rates, which was in line with the market expectations. Analysts said that market participants will keep a close watch on the US non-farm payroll data to be released on Friday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.02 per cent to 105.64. Brent crude futures, the global oil benchmark, advanced 0.56 per cent to USD 83.91 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 152.67 points or 0.20 per cent higher at 74,635.45. The broader NSE Nifty advanced 25.75 points or 0.11 per cent to 22,630.60. Foreign institutional investors (FIIs) were net buyers in the capital markets on Tuesday, as they purchased shares worth Rs 1,071.93 crore on a net basis, according to exchange data. India's Goods and Services Tax (GST) collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said on Wednesday. SEE ALSO:<a href="https://www.businessinsider.in/sports/webstories/india-t20-world-cup-squad-kulcha-back-on-menu-kl-rahul-dropped/slidelist/109730805.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/india-t20-world-cup-squad-kulcha-back-on-menu-kl-rahul-dropped/slidelist/109730805.cms" target="_blank">India T20 World Cup squad: KulCha back on menu, KL Rahul dropped</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-may-2024/slidelist/109723620.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-may-2024/slidelist/109723620.cms" target="_blank">Upcoming cars and two-wheelers launching in India in May 2024</a><a href="https://www.businessinsider.in/business/auto/news/mahindra-xuv-3xo-compact-suv-launched-in-india-starting-at-7-49-lakh/slidelist/109715525.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/mahindra-xuv-3xo-compact-suv-launched-in-india-starting-at-7-49-lakh/slidelist/109715525.cms" target="_blank">Mahindra XUV 3XO compact SUV launched in India starting at ₹7.49 lakh</a>

Rupee turns flat at 83.43 against US dollar in early trade

<ul><li>Car makers have announced several year-end offers to attract customers as 2023 comes to an end.</li><li>Maruti Suzuki, Hyundai, Volkswagen and others are among the companies that have announced discounts.</li><li>In this post we look at some of the best year end offers announced by car companies.</li></ul>The year 2023 is about to end and car makers have started offering their annual year-end discounts to offload their existing stock and gear up for 2024. Companies like Maruti Suzuki, Hyundai, Mahindra, Volkswagen and others have announced attractive discounts and exchange offers on their cars. The discounts and the upcoming price hike in January, make it a great time to purchase a car right now if you are in the market for one. You can read this<a href="https://www.businessinsider.in/business/auto/news/car-and-suv-prices-set-to-rise-in-january-2024-should-you-buy-one-in-december/articleshow/105556415.cms"> story</a> to understand whether you should purchase a car in December or not. As per dealer checks, let’s look at the discounts on cars being offered by different companies – <cmsannotation type="cmsannotation" annotationid="Maruti Suzuki" comment="subhead" text="Maruti Suzuki">Maruti Suzuki</cmsannotation> Maruti Suzuki, India’s biggest automaker has announced offers across several cars, including the Jimny, Fronx, Grand Vitara and more. Jimny has received the highest discount from the company. The five-door Jimny is being offered with a discount of up to ₹2.21 lakh, less than a year after its launch. The company has introduced a special Thunder edition of the car, which is available at a discounted price. Apart from this, the Fronx SUV has also received an ₹25,000 offer – a ₹15,000 cash discount and ₹10,000 worth of exchange bonus. Baleno, the company’s popular hatchback has received a cash discount of ₹30,000 and an exchange bonus of ₹10,000. The Grand Vitara gets the same cash discount of ₹15,000 as the Fronx, but the exchange bonus has been bumped up to ₹15,000. The more affordable Ignis has received a huge cash discount of ₹40,000 and an additional exchange bonus of ₹15,000. <cmsannotation type="cmsannotation" annotationid="Hyundai" comment="subhead" text="Hyundai">Hyundai</cmsannotation> South Korean automaker Hyundai has also announced year-end offers for its cars. The company’s affordable Grand i10 Nios is available with benefits of up to ₹45,000 – including a cash discount of up to ₹35,000 and an exchange bonus of up to ₹10,000. The popular i20 and i20 N-Line hatchbacks have received a discount of up to ₹50,000. The Sportz variant of the car has received a discount of ₹35,000. The older i20 N-Line variant is being offered with a cash discount of ₹50,000. If you are looking for a premium option, the Tucson SUV is being offered with a cash discount of ₹1.5 lakh for the diesel variant. <cmsannotation type="cmsannotation" annotationid="Mahindra" comment="subhead" text="Mahindra">Mahindra</cmsannotation> Indian carmaker Mahindra has also announced attractive discounts on its line-up. The Mahindra XUV400, the company’s electric offering has received a huge discount of up to ₹4.2 lakh. It is to be noted that the variants with ESC have received a discount of up to ₹3.2 lakh and cars without ESC will get a higher discount of up to ₹4.2 lakh. The Mahindra XUV300 on the other hand has been discounted by up to ₹1.78 lakh for the top-end variant. <cmsannotation type="cmsannotation" annotationid="Volkswagen" comment="subhead" text="Volkswagen">Volkswagen</cmsannotation> The Volkswagen Tiguan, the company’s premium offering has received a discount of up to ₹4.2 lakh, which includes a cash discount, exchange bonus, service packs and more. The Virtus sedan on the other hand is being offered with benefits of up to ₹1.17 lakh, which includes a cash discount of ₹50,000, exchange bonus of ₹20,000, a corporate discount of ₹17,000 and other special benefits worth ₹30,000. <cmsannotation type="cmsannotation" annotationid="Tata Motors" comment="subhead" text="Tata Motors">Tata Motors</cmsannotation> While Tata Motors has announced year-end offers yet, some of the company’s cars such as the older Nexon, the Altroz and certain variants of the Punch SUV are being offered with some cash discounts. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/car-and-suv-prices-set-to-rise-in-january-2024-should-you-buy-one-in-december/articleshow/105556415.cms">Car prices set to rise in January – Should you buy one in December?</a> <a href="https://www.businessinsider.in/business/auto/news/ola-electric-and-tvs-motor-leading-electric-two-wheeler-sales-in-nov-2023-month/articleshow/105719702.cms">Electric two-wheeler sales rise in Nov as Ola Electric scales a new high</a> <a href="https://www.businessinsider.in/tech/news/indias-pc-market-surges-to-4-5-million-devices-in-q3-2023/articleshow/105285251.cms">India’s PC market shipments surge in Q3 amidst import restrictions talks</a>

Maruti Suzuki to Hyundai – car makers offer huge year-end discounts to push sales

When South Korean car brand <keyword id="6372046" type="COMPANY" weightage="20" keywordseo="kia">Kia</keyword> launched its first SUV, <a href="https://www.carandbike.com/kia-cars/seltos" data-type="tilCustomLink">Kia Seltos</a>, in India in August 2019, it had a lot of odds stacked up against it. The sector itself was going through the worst ever sales slump across two and four wheelers. Added to that, India is predominantly a small car market, leaving a large section of buyers away from it. Yet, it looks like Kia, which set up a factory in Andhra Pradesh, seemed to have packed in what Indians want - good quality at value. By March 2020, it became the largest selling SUV, surprising even the trade pundits. Soon, it had a problem that many automakers would love to have, way too much demand which is affecting their delivery time, making them switch to two shifts. “KIA’s successful entry in India has further enabled the group to gain market share. KIA is a great example of successful badge engineering, something other original equipment manufacturers like Renault-Nissan have been unable to accomplish,” said Sumit Bali, president and head of retail lending and payment, at Axis Bank said during an Axis Capital conference. Cool and futuristic features Its attractive price point at around Rs 9.8 lakhs, Indian love for compact SUVs, and its futuristic technology, and the tiger-nose grille design was too good to pass up. The car was already BS6 compliant which would mean that buyers would not have to worry about changing regulations for a long time. Their range offers the best engine options as well. The success was replicated by all their launches after like <keyword id="8462155" type="UNKNOWN" weightage="20" keywordseo="kia-sonet">Kia Sonet</keyword> and Kia Carnival had a lot of “cool features” like voice commands, a sun roof (which is now an ultra popular feature across cars of all sizes), wireless charging and more. But <keyword id="7720018" type="UNKNOWN" weightage="20" keywordseo="kia-seltos">Kia Seltos</keyword> remains its flagship car as its market share went up to 5.14% in January 2021, even in a declining sales market. Within months of its launch, Kia Seltos outsold two of the most popular cars in the compact SUV segment - <a href="https://www.carandbike.com/hyundai-cars/creta" data-type="tilCustomLink">Hyundai Creta</a> and Maruti Brezza - during some months. But it’s not just the older models that has Seltos as its competitor. A large number of car launches are being planned in 2021-22, and they will have to displace Seltos from its throne. As per an Axis Capital report, Eyecatchers, Seltos features as a key competing model for as many as nine of the new car launches planned in the coming financial year. The automaker who might see most competition from Kia Seltos could be <keyword id="6357096" type="COMPANY" weightage="20" keywordseo="Mahindra-Mahindra">Mahindra &amp; Mahindra</keyword>, whose three launches fall in the category including a next generation version of <a href="https://www.carandbike.com/mahindra-cars/xuv500" data-type="tilCustomLink">Mahindra XUV500</a>. Kia will also be going against yet another new entrant into the Indian market - MG Motors. Two of its three new launches namely MG ZS and a six seater version of MG Hector might have to compete with Kia Seltos in addition to <keyword id="795907" type="COMPANY" weightage="20" keywordseo="Mahindra-XUV500">Mahindra XUV500</keyword> and <keyword id="2883300" type="PERSON" weightage="20" keywordseo="Hyundai-Creta">Hyundai Creta</keyword>. Here is a list of new car launches in Seltos’ sweet spot. <table style="width: 239pt; box-shadow: none; background-image: inherit !important; background-position: inherit !important; background-size: inherit !important; background-repeat: inherit !important; background-attachment: inherit !important; background-origin: inherit !important; background-clip: inherit !important;"> </colgroup> <tbody><tr> <td style="height: 15.05pt; width: 168pt; font-size: 11pt; color: black; font-weight: 700; font-family: Calibri, sans-serif; border-width: 0.5pt 0.5pt 1pt; border-style: solid; border-color: black; overflow-wrap: break-word;">Model</td> <td style="width: 71pt; font-size: 11pt; color: black; font-weight: 700; font-family: Calibri, sans-serif; border-width: 0.5pt 0.5pt 1pt; border-style: solid; border-color: black;">Launch date</td> </tr> <tr> <td style="height: 15.05pt; font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; background: rgb(217, 217, 217); overflow-wrap: break-word;">Maruti Suzuki’s unnamed large SUV</td> <td style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; background: rgb(217, 217, 217);">FY22</td> </tr> <tr> <td style="height: 15.05pt; font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; overflow-wrap: break-word;">Mahindra’s new TUV3OO</td> <td style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black;">FY22</td> </tr> <tr> <td style="height: 15.05pt; font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; background: rgb(217, 217, 217); overflow-wrap: break-word;">Mahindra’s next-gen XUV 5OO</td> <td style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; background: rgb(217, 217, 217);">Q1FY22</td> </tr> <tr> <td style="height: 15.05pt; font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; overflow-wrap: break-word;">Mahindra’s XUV400</td> <td style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black;">FY22</td> </tr> <tr> <td style="height: 15.05pt; font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; background: rgb(217, 217, 217); overflow-wrap: break-word;">MG ZS</td> <td style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; background: rgb(217, 217, 217);">FY22</td> </tr> <tr> <td style="height: 15.05pt; font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; overflow-wrap: break-word;">MG Hector 6-seater</td> <td style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black;">FY22</td> </tr> <tr> <td style="height: 15.05pt; font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; background: rgb(217, 217, 217); overflow-wrap: break-word;">Skoda Kushaq</td> <td class="xl63" style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; background: rgb(217, 217, 217);">May-21</td> </tr> <tr> <td style="height: 15.05pt; font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; overflow-wrap: break-word;">Volkswagen Taigun</td> <td style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black;">FY22</td> </tr> <tr> <td style="height: 15.05pt; font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; background: rgb(217, 217, 217); overflow-wrap: break-word;">Volkswagen T-ROC</td> <td style="font-size: 11pt; color: black; font-family: Calibri, sans-serif; border-width: 0.5pt; border-style: solid; border-color: black; background: rgb(217, 217, 217);">FY22</td> </tr></tbody></table>

Kia Seltos’ success will continue to haunt many new car launches

<ul><li>The electric car segment in India is heating up with multiple launches by automakers.</li><li>The upcoming year is also expected to be packed with launches from companies like Tata Motors, Mahindra, MG and more.</li><li>Here are some of the <keyword id="6358835" type="General" weightage="20" keywordseo="electric-cars" source="Orion">electric cars</keyword> expected to launch in India in 2023.</li></ul>Electric vehicles (EV) have received a good boost in India thanks to rising fuel prices and subsidies being offered by the government for EVs. Electric cars have also become quite popular in the country and this is evident from the slew of launches. From affordable cars such as the <a href="https://www.businessinsider.in/business/auto/news/tata-tiago-electric-car-launched-price-specifications-and-features/slidelist/94505733.cms">Tata Tiago</a> to premium electric cars such as the <a href="https://www.businessinsider.in/business/auto/news/warren-buffet-backed-byd-launches-atto-3-electric-car-in-india-with-a-512-km-range/slidelist/94805650.cms">BYD Atto 3</a>, several electric cars have been launched in India in 2022. The year 2023 will also be packed with electric car launches from companies like Tata Motors, MG, Mahindra and others. In this post, we look at some of the <keyword id="6208217" type="General" weightage="100" keywordseo="upcoming-electric-cars" source="Orion">upcoming electric cars</keyword> in India in 2023. <cmsannotation type="cmsannotation" annotationid="Best upcoming electric cars in India in 2023" comment="subhead" text="Best upcoming electric cars in India in 2023">Best upcoming electric cars in India in 2023</cmsannotation> <cmsannotation type="cmsannotation" annotationid="Mahindra XUV400 EV" comment="subhead2" text="Mahindra XUV400 EV">Mahindra XUV400 EV</cmsannotation> The Mahindra XUV400 EV will be among the first electric cars to be launched in 2023. The XUV400, the company’s first all-electric SUV, will be launched in January 2023 and will be available in three variants. The electric car claims to offer a range of 456 km on a single charge. The car can be charged from 0 to 80% in 50 minutes, allowing you to quickly charge your car. It is expected to be priced between ₹17 - ₹20 lakh. <cmsannotation type="cmsannotation" annotationid="Tata Altroz EV" comment="subhead2" text="Tata Altroz EV">Tata Altroz EV</cmsannotation> Tata Motors, one of the leaders of the Indian electric car segment, is expected to launch an electric variant of its popular internal combustion engine (ICE) hatchback Altroz. The Altroz EV will be equipped with the company’s Ziptron high-voltage technology and is expected to offer a range of 250-300 km on a single charge. It is most likely to feature the same design as its ICE variant with minor EV-specific changes. The vehicle can be charged from 0 to 80% in just 60 minutes. <cmsannotation type="cmsannotation" annotationid="MG Air EV" comment="subhead2" text="MG Air EV">MG Air EV</cmsannotation> The MG Air EV, a compact electric car, is expected to be launched in the first half of 2023 in India. The hatchback was showcased at the G20 summit in Indonesia and was the official vehicle used by government delegates. The starting price is expected to be around ₹10 lakh in the country. The car is expected to offer a range between 200 to 300 km on a single charge. The car features a single front-axle fitted electric motor with a power output of around 68 hp. <cmsannotation type="cmsannotation" annotationid="Hyundai IONIQ 5" comment="subhead2" text="Hyundai IONIQ 5">Hyundai IONIQ 5</cmsannotation> Hyundai is expected to unveil IONIQ 5, the company’s second electric car in the country in the coming weeks. The car has already been launched globally. The car, based on the E-GMP platform, offers up to 480 km of range on a single charge. The car can be charged from 10 to 80% in just 18 minutes. The company has revealed that customers will be able to customize the interiors of the EV. <cmsannotation type="cmsannotation" annotationid="Citroen eC3" comment="subhead2" text="Citroen eC3">Citroen eC3</cmsannotation> Citroen is expected to launch its first electric car, the eC3 EV in India in the first quarter of 2023. The premium hatchback is expected to be priced around ₹12 lakh and will take on the likes of the Tata Tiago EV. While the company has not revealed any details yet, the car is expected to be equipped with a 30.2kWh battery pack and offer a range of up to 350 km on a single charge. The electric car is expected to offer a power of 86 hp. <cmsannotation type="cmsannotation" annotationid="BMW iX1" comment="subhead2" text="BMW iX1">BMW iX1</cmsannotation> If you are in the market for a premium electric SUV, the BMW iX1 is the car you need to wait for. The all-electric SUV is expected to be priced around ₹60 lakh and is expected to be launched in the second half of 2023. As per reports, the car is equipped with a dual electric motor that can generate 313 hp of power and 494 Nm of peak torque. The car is expected to offer a range of up to 438 km on a single charge. It can be charged up to 80% in just 29 minutes using public high-speed stations. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/byd-dominates-the-electric-car-market-in-q3-2022-with-6-cars-in-the-top-10/slidelist/95934797.cms">BYD dominates the electric car market in Q3 2022 with 6 cars in the top 10</a> <a href="https://www.businessinsider.in/business/auto/news/lamborghini-urus-performante-super-new-car-this-super-suv-can-go-from-0-to-100-kmph-in-just-3-3-seconds/slidelist/95759677.cms">Lamborghini Urus Performante – This Super SUV can go from 0 to 100 kmph in just 3.3 seconds</a> <a href="https://www.businessinsider.in/business/auto/news/2022-jeep-grand-cherokee-is-a-luxury-4x4-adventurer-at-77-5-lakh-heres-all-you-need-to-know/slidelist/95595383.cms">2022 Jeep Grand Cherokee is a luxury 4x4 adventurer at ₹77.5 lakh</a>

Upcoming electric cars in India in 2023 – Mahindra, MG, Hyundai cars in the list

Mahindra South Africa has achieved growth in the South African passenger vehicle and pickup market despite an overall drop in sales because of the current economic downturn in the country. Figures released by the National Association of Automobile Manufacturers of South Africa (NAAMSA) show that Mahindra South Africa is one of the country's fastest growing passenger vehicle and pickup brands. Data from NAAMSA, which recently consolidated the sales for the first three quarters of 2019, show that Mahindra is on track to reach a new overall sales record that will easily exceed its target of 5,664 units for full year. NAAMSA reported that the overall market for the year to end-September was down 3.5 per cent with the largest volume decline being in the passenger vehicle market, which has declined by 4.9 per cent or 13,468 vehicles when compared to the same period last year. Despite this, Mahindra has grown by 33.4 per cent to reach 5,584 sales upto end of September. Its parts division grew in line with new vehicle sales and are up by 36 per cent over the same period. Thanking the growing number of Mahindra customers for their support, Rajesh Gupta, CEO of Mahindra South Africa, highlighted what he believed was responsible for the surge in sales. "We believe that our mix of desirable SUVs and pick-ups, which offers fantastic value for money, our growing network of dealers and our history of solid customer service for the last decade-and-a-half have given us the platform from which we can grow in this tough market, Gupta said. The 2019 sales success follows an aggressive marketing and expansion phase, which started in May 2018 with the official opening of the assembly facility for the Mahindra Pik Up range in Durban. This facility assembles the entire Pik Up range for South Africa and neighbouring countries. One of the biggest benefits of having our own assembly plant in South Africa is the fact that we can introduce special edition models and adapt certain Pik Up models to better suit our customer's needs, Gupta said. Mahindra recently also refreshed two of its most popular models, the entry-level KUV100 NXT and the large XUV500. Sales of the KUV100 NXT were further boosted this year, when the authoritative AA-Kinsey Report found that it was the most affordable model to service and repair in the compact crossover segment, beating its closest rival by close on R20 000 in the price of the parts and components that were considered as part of this affordability report. The AA-Kinsey Report was followed by Mahindra's first ever Gold Award from the National Automotive Dealer Association (NADA), recognising Mahindra's hard work to support and grow its dealer network, handle complaints promptly and provide ample stock of all vehicles and parts. <keyword id="1541592" type="COMPANY" weightage="20" keywordseo="Mahindra-SA">Mahindra SA</keyword> is in its 15th year of operations in South Africa, with 65 dealers across all nine provinces of South Africa. The company has also expanded into other sub-Saharan countries, currently exporting vehicles to Botswana, Zimbabwe, Zambia, Swaziland and Namibia, besides having a presence in Swaziland and Lesotho.

Mahindra SUVs and pick-up trucks are a rage in South Africa even in a shrinking market

<ul><li><keyword id="12751498" type="General" weightage="100" keywordseo="emotorad" source="Orion">EMotorad</keyword> has launched the <keyword id="16140434" type="General" weightage="80" keywordseo="desert-eagle" source="Orion">Desert Eagle</keyword> and <keyword id="3766382" type="General" weightage="80" keywordseo="nighthawk" source="Orion">Nighthawk</keyword> ultra-premium e-bikes in India.</li><li>The company has also launched the X-Factor lineup of affordable e-bikes.</li><li>The new e-bikes start from ₹24,999 and go up till ₹5,00,000.</li></ul>Pune-based electric vehicles (EV) startup EMotorad has launched two new ranges of e-bikes at an event today. The company has unveiled the Elite range, which includes the ultra-premium Desert Eagle and Nighthawk. The company has also launched the X-Factor range, which includes the X1, X2 and X3 e-bikes. The e-bikes are aimed at cities like Bengaluru and Gurgaon that are infamous for traffic congestion, especially during office hours. EMotorad has claimed that the e-bikes have been “Made in India”. “We are thrilled to be a forerunner in the premium e-bikes space in India. The striking concept with boosted performance and premium design makes it an exceptional choice for riders. Integrated with disruptive technology will further equip the rider with excellent agility and control in the journey of fitness and adventure,” said <keyword id="606894" type="General" weightage="50" keywordseo="kunal-gupta" source="Orion">Kunal Gupta</keyword>, co-founder and chief executive officer, EMotorad. <cmsannotation type="cmsannotation" annotationid="EMotorad Desert Eagle and Nighthawk price" comment="subhead" text="EMotorad Desert Eagle and Nighthawk price"><keyword id="16145893" type="General" weightage="50" keywordseo="emotorad-desert-eagle" source="Orion">EMotorad Desert Eagle</keyword> and Nighthawk price</cmsannotation> EMotorad has priced the Desert Eagle and Nighthawk at quite a premium. The Desert Nighthawk has been priced at ₹4,75,000 and the Nighthawk has been priced at ₹5,00,000. For context, the Ather 450X, one of the premium electric scooters is priced around ₹1,60,000. <cmsannotation type="cmsannotation" annotationid="Desert Eagle and Nighthawk specifications" comment="subhead" text="Desert Eagle and Nighthawk specifications">Desert Eagle and Nighthawk specifications</cmsannotation> Starting with the Desert Eagle, it comes with a 120 mm travel fork and is equipped with a Bafang 250W mid-drive motor that delivers 120 Nm of peak torque. The scooter features an aluminum frame which is durable and comes with a frame-integrated 17.5 Ah battery. It features SRAM shifting, Proven Motion Control damper and front and rear disc brakes. <div type="image" title="Nighthawk" msid="97137298" hostid="261" caption="&amp;lt;p&amp;gt;EMotorad Nighthawk&amp;lt;/p&amp;gt;"></div> The top-end Nighthawk comes with an aluminum frame with a 17.5 Ah battery. The e-bike comes with a 150 mm travel fork and is equipped with a 250W Bafang mid-drive motor that delivers 120 Nm of peak torque. The e-bike features fat tires with Tektro disc brakes at the front and rear. The Nighthawk is also equipped with Sram shifting. <cmsannotation type="cmsannotation" annotationid="EMotroad X1, X2 and X3 price" comment="subhead" text="EMotroad X1, X2 and X3 price">EMotroad X1, X2 and X3 price</cmsannotation> The X1, X2 and X3, which have been tagged as “economy e-bikes” are priced at ₹24,999, ₹27,999 and ₹32,999 respectively. <cmsannotation type="cmsannotation" annotationid="EMotorad X1, X2 and X3 specifications" comment="subhead" text="EMotorad X1, X2 and X3 specifications">EMotorad X1, X2 and X3 specifications</cmsannotation> The EMotorad X1, X2 and X3 feature steel frames and are equipped with detachable batteries. The e-bikes offer a range of up to 40 km based on the terrain and the rider’s weight. <div type="image" title="X2 EMotorad" msid="97137320" hostid="261" caption="&amp;lt;p&amp;gt;EMotorad X2&amp;lt;/p&amp;gt;"></div> All three e-bikes are equipped with 250W rear hub motors. While the X1 and X2 are equipped with a removable 7.8 Ah battery, the X3 features a frame-integrated 7 Ah battery. While the X1 offers a single level of pedal assist and 12 magnets, the X2 and X3 offer three levels of pedal assist and 12 magnets. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/tata-nexon-ev-vs-mahindra-xuv400-price-range-and-features-compared/slidelist/97118201.cms">Tata Nexon EV vs Mahindra XUV400 – price, range and features compared</a> <a href="https://www.businessinsider.in/business/auto/news/auto-expo-2023-upcoming-electric-cars-and-bikes-in-india-in-2023/slidelist/96929819.cms">Auto Expo 2023: Upcoming electric cars and bikes in India in 2023</a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-electric-scooters-in-india-in-2023/articleshow/96278794.cms">From Suzuki and TVS to Hero Electric: Here are some of the top electric scooters expected to launch in 2023</a>

Indian startup EMotorad launches e-bikes that range from ₹24,999 to ₹5,00,000

Greater Noida, Feb 5 () Homegrown auto major Mahindra &amp; Mahindra on Wednesday introduced electric variant of its compact SUV KUV100 at starting price of Rs 8.25 lakh (ex showroon Delhi post FAME benefits) at Auto Expo here. The company claims that electric KUV 100 (eKUV 100) is India's most affordable passenger electric vehicle in the segmen. eKUV100 offers peak power output of 40kW, torque of 120 Nm and a range of 147 km, ideal for city commuters. It comes with automatic transmission and could be fast charged to 80 per cent within 60 minutes. Besides, the company showcased e-XUV300, which is expected to hit the market in the second half of 2021 to strengthen its position in the EV segment. The company, part of USD 20.7 billion Mahindra group has also showcased Aton, a new age urban mobility solution and Funster, a roadster electric concept with convertible rooftop. "It is our firm belief that shared mobility would drive large scale adoption of electric vehicles and hence our product offerings would continue to redefine shared mobility space. We intend to offer widest range of vehicles to meet the needs of shared mobility, " said Mahindra &amp; Mahindra Managing Director Pawan Goenka here. He further said " affordability" is the guiding principle of the company in EV category. Speaking on e-KUV 100, he said it was an ideal vehicle for shared mobility and personal mobility. Sharing the details of e-KUV 100, Mahindra's Head of Electric Vehicle Development Ashish Malik said it would give the thrill of driving an SUV and eco-friendly feeling at the same time. " It comes with a city friendly motor of 15.9 KV, which is perfect for city commute. It delivers power of 40 kw and torque of 120 Nm. The range is almost 150 km," he said. It can be fast charged to 80 per cent in 55 minutes. "It comes with a liquid cool battery pack and also offers the convenience and comfort of auto transmission and many connected car features as pre cool and switch it off and on remotely or even digital connected features which would be revealed at the launch," said Malik. While talking about eXUV300, Goenka said, "it would be launched in the second half of 2021." The eXUV300 is powered by a powerful motor and a large battery capacity ensures a long range. It has a new futuristic design with new features, smart and premium interiors with blue highlights to accentuate the new character of this SUV. It has been built on a platform that has 5-star safety rating from GNCAP. According to Goenka, the company has invested around Rs 1,700 crore on development of electric vehicles which includes technology, infrastructure and products. "Right now we are investing another Rs 500 crore to set up a new R&amp;D centre at Bengaluru and a new capacity which we are setting at Pune," he said. Goenka further said shared mobility would be the driver of growth as it would be commercially viable. "I do believe that in EV in India the primary segment for drive the growth would be shared mobility. The reason is that the EV would be commercially viable. They have to be driven 150 to 200 km in a day which cannot happen in personal use mobility," he said adding " that is the reason Mahindra is focussing on shared mobility before we get into vehicle like eKUV 100 or eXUV 300." The company also has plans to launch Treo.4 of its first lithium battery based three-wheeler auto. "This will have everything locally manufactured except lithium cell," he said adding "it would be coming out very soon". On the future of electric three-wheelers, he said: I wouldn't be surprised if in 3 to 5 years 50 per cent three-wheelers sold in India are electric three-wheelers." While talking about Funster, Goenka said it was designed at the company's own design studio at Mumbai. Funster offers an output of 230 kW with a top speed of 200 kmph, clocking 0 to 100 kmph in 5 seconds. Mahindra has showcased 18 vehicles in the Auto Expo and has one of the widest displays of EVs by an Indian OEM here. KRH ANUANU

Mahindra launches eKUV100 priced at Rs 8.25 lakh

Ola S1 Pro vs Ola S1 vs Ola S1 Air – price, range, performance, and delivery time compared

<ul><li><keyword id="45224" type="General" weightage="80" keywordseo="mahindra" source="Orion">Mahindra</keyword> &amp; Mahindra’s electric vehicle business is still in its nascent stages, but investors have valued it on par with <keyword id="42747" type="General" weightage="100" keywordseo="tata-motors" source="Orion">Tata Motors</keyword>’ EV biz.</li><li>While pure numbers may not be enough to justify the steep valuation of <keyword id="46869" type="General" weightage="20" keywordseo="mm" source="Orion">M&amp;M</keyword> EV biz, investors might be looking at the company’s future prospects.</li><li>While Tata Motors has sold nearly 100x more electric cars than Mahindra in the last year, two financial metrics are bogging it down.</li><li>We try to decode why investors are giving M&amp;M and Tata Motors’ EV businesses the same value, despite the massive differences.</li></ul>Mahindra &amp; Mahindra has raised fresh funds from British International Investment (BII), valuing its <keyword id="5713739" type="General" weightage="20" keywordseo="ev-business" source="Orion">EV business</keyword> at ₹70,000 crore or $9 billion — almost on par with Tata Motors’ EV business. Tata Motors’ EV business was valued at $9.1 billion after it raised $1 billion from TPG Rise Climate in October last year. The M&amp;M deal comes as a surprise to sector watchers – mostly because of an absolute data mismatch. Tata Motors has been beating M&amp;M in space – literally 100 to one. According to the latest FADA report, in FY22, M&amp;M sold a total of 156 electric cars in the passenger vehicles segment. On the other hand, Tata Motors, which has two models in the market, sold nearly 15,200 electric cars —that’s 100 times more than what M&amp;M sold. <cmsannotation type="cmsannotation" annotationid="The electric rickshaw" comment="subhead" text="The electric rickshaw">The electric rickshaw</cmsannotation> M&amp;M’s EV business however is not just about cars. It also has a few electric three-wheelers in its portfolio, at price points which are several times lower than electric cars. This is why analysts are bullish on its EV business, and label it as a ‘proactive’ auto company, in spite of a single electric car in its portfolio – the eVerito. This car is mostly used as a cab. “M&amp;M is also proactive on the electrification front and already has an electric 3W and e-rickshaw as well as PV (e-Verito) running on Indian roads. With a pipeline of interesting launches in the electric PV as well as LCV front, the company is steadily transforming amid change in technology landscape in the auto space,” stated a report by ICICI Direct. It sold a little over 8,000 electric three-wheelers in FY22, according to FADA – also this too is comfortably lower than Tata Motors’ EV sales. Coupled with Mahindra’s strong brand recall in rural areas thanks to its tractor business, this sets the company up very well as far as electric 3Ws are concerned – a segment where Tata Motors registers a blank. <div type="image" title="M&amp;amp;M Tata Motors EV sales FY22." msid="92742847" hostid="261" caption="&amp;lt;p&amp;gt;M&amp;amp;amp;M and Tata Motors EV sales in FY22&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="The EV roadmap" comment="subhead" text="The EV roadmap">The EV roadmap</cmsannotation> The key to understanding the future of Mahindra’s auto business is identifying its product roadmap. M&amp;M’s executive director Rajesh Jejurikar said the company’s SUV lineup will be 20-30% electric by 2027. Eight new electric vehicles are to be launched by 2027. Of these, four will be brand new cars and four will be ‘conversions’ of existing petrol and diesel cars. IDBI Capital too has impressed with M&amp;M’s three new ‘blockbuster’ launches – the new Thar, XUV 700 and Scorpio-N – stating that it has made a comeback. The brokerage also says that the company is ‘unlocking value’ of its EV business — and is no longer just a tractor company. <div type="Article" hostid="261" msid="90775731" title="Electric two-wheeler sales surge over 5 times – Hero Electric, Okinawa corner half the market, Ather’s market share declines" mstype="2" mssubtype="0"></div> <cmsannotation type="cmsannotation" annotationid="Money’s gonna attract more money" comment="subhead" text="Money’s gonna attract more money">Money’s gonna attract more money</cmsannotation> BII’s Nick O’Donohoe has another angle to valuation. In the press release, he said that this investment will “attract additional sources of private capital” into Mahindra Electric. While he did not go into further details, he said that this venture is “exciting”. Green funds, and their large appetites, could also be one of the reasons behind the large investment into M&amp;M. “Climate change is one of the biggest challenges of our time. The investment into Mahindra’s EV business is in line with our decarbonization strategy and focus of supporting sustainable business models that create new jobs, particularly for women,” said Samir Abhyankar, managing director of BII. He also underlined that this is aimed at attracting other “like-minded investors in the future”. <cmsannotation type="cmsannotation" annotationid="Lock, stock and debt" comment="subhead" text="Lock, stock and debt">Lock, stock and debt</cmsannotation> There are other advantages that M&amp;M has over Tata Motors that makes it an attractive investment. The former has much less debt. Its overall debt is ₹75,000 crore – that’s half of what’s on Tata Motors’ books. M&amp;M is also a profitable company, while Tata Motors has reported losses in four out of the last five years, at over ₹64,000 crore. Moreover, the former’s stock has been outperforming the index too. Since the beginning of 2022, it has outperformed the Nifty Auto index by four times, surging over 38% while the index gained less than 9%. “Within OEMs, M&amp;M remains our top pick as it relatively outperformed within the auto OEM space after a multiyear breakout that spells structural turnaround,” a report by ICICI Direct stated. <div type="image" title="M&amp;amp;M 01_01_22 to 08_07_22." msid="92742889" hostid="261" caption="&amp;lt;p&amp;gt;M&amp;amp;amp;M share price in 2022&amp;lt;/p&amp;gt;"></div> SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/cooling-crude-oil-prices-companies-in-these-sectors-could-benefit-the-most/articleshow/92738107.cms">Cooling crude oil prices – companies in these sectors could benefit the most</a> <a href="https://www.businessinsider.in/stock-market/news/gone-with-the-windfall-tax-ongc-loses-a-fifth-of-its-market-value/articleshow/92721451.cms">Gone with the windfall tax: ONGC loses a fifth of its market value</a> <a href="https://www.businessinsider.in/investment/news/infy-lic-reliance-and-6-more-stocks-that-mutual-funds-are-going-long-on/articleshow/92693363.cms">Infosys is the most favourite mutual fund stock – find out the eight others</a>

You Searched For "Mahindra XUV 3XO price" and got 13 results

Mahindra XUV 3XO compact SUV launched in India starting at ₹7.49 lakh

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Tata Motors sells 100x more EVs than M&M – but both are valued at around $9 billion

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