Customer data integration for a luxury car brand

The ELECTRIFY30 report by Praxis Global Alliance forecasts a significant rise in electric vehicle (EV) adoption across various segments, projecting the product opportunity to reach approximately $94 billion with a penetration of about 23% by FY30.

By FY30, the overall mobility market in India is expected to reach $1.2 trillion, with clean and electric mobility comprising about 20% of this market.

Industry representatives said the allocation of adequate funding will create additional demand for small and medium commercial vehicles, thereby generating more job opportunities.

Maruti Suzuki India, Hyundai Motor India, Mahindra & Mahindra, Toyota Kirloskar Motor and MG Motor India have either lined up fresh launches or will start the customer deliveries of new SUVs in a few weeks from now.

The upcoming festive season might turn out to be a spoilsport for many customers who are waiting for some sort of offers on the popular models.

Mid-size sedans have been hit particularly hard by mid-size SUVs such as the Hyundai Creta and the Kia Seltos, as well as by top-end variants of sub-4 metre SUVs like the Hyundai Venue and the Tata Nexon

Became second-largest carmaker in December 2021, but can it sustain spot?

Despite Maruti Suzuki exiting the diesel engine space and Tata Motors discontinuing smaller-capacity diesel engines in 2020, the demand for diesel didn’t wane in 2021

Mix of SUVs in its portfolio increases to 52% in CY21 against 37% in CY20

The chip and semiconductor shortages have impacted the supply chain of OEMs, aggressively leading to a decline in the overall business. However, manufacturers are hopeful about revival in the near-term and are predicting numbers to go back to pre-COVID levels. We take a closer look at how all of it has impacted the supply chain and much more.

The festive season demand would remain strong, but the challenge of fulfilling that demand is coming from chip shortage.

Three automobile-focused ecommerce platforms — Cars24, Droom and now CarDekho — have been valued over a billion dollars in the last 14 months.

CNG is currently priced about Rs 45 per kg in Delhi, almost half of Rs 88 per litre of diesel, and considering that the fuel efficiency of both is almost equal, the running cost of CNG vehicles is almost half that of diesel; upfront costs of buying the vehicle are also similar.

Ola S1 comes bundled with a convenient portable home charger that just needs to be plugged into a regular socket. The company is working on building its own Hyper-charger Network.

The modern car is a computer on wheels—with an embedded SIM, and capable of over-the-air software updates. There are about 6 lakh such cars on Indian roads.

The PV sales forecast trend for CY21 by IHS Markit points to the fact that in July-December 2021 PV sales could beat 2019 levels.

How luxury car companies are riding the demand wave

No all-new product under development in this space by any carmaker.

Mercedes-Benz India has started Retail of the Future, under which the company will directly sell cars to end-customers.

It is being predicted that the fear of the third wave of Covid-19 will keep many people from buying two-wheelers and cars in the next few months. However, the CV segment might see positive growth due to the increased highway construction work and the need for last mile connectivity.

While all segments of the automotive sector have been negatively impacted due to the pandemic, the passenger commercial vehicle (CV) segment has been hit particularly hard.

Remanufacturing of parts taken from scrapped vehicles can help automakers cut costs and lower carbon footprint. But there should be guidelines on quality standards and certification. The current policy does not go beyond vehicle scrapping. India can learn from the developed countries and go for technical collaborations necessary for gradual incorporation of reused parts and recycled materials in auto manufacturing.

Most analysts argue that spending more time together as a family has been one of the positives from Covid-19 restrictions. As India gets back on the road, for travel, for road trips, a lot of people would like to be with family.

India's scrappage policy for automobiles has the potential to reduce pollution and the industry's carbon footprint while creating employment and demand. It's a $6-billion opportunity

Automakers foresee challenges to supply chain, dealership activity and customer movement in the coming months.

The long awaited scrappage policy has finally been introduced in India with the intent to spur the growth of the automotive sector and curb pollution. Will it prove to be a pivot towards success for India Inc? Only time will tell. Meanwhile they are going through the fine print to better understand the pros and cons of this policy

A sharp increase in global crude oil prices has pushed retail rates of petrol and diesel to historic highs. Taxes are partly to be blamed, but reducing excise duties may not be easy for a cash-strapped government

The electric two-wheeler (E2W) segment in the country has moved on to the fast lane, aided by government subsidy, rising fuel prices, and a decline in the cost of lithium-ion batteries.

According to SIAM data (April-December 2020), M&HCV goods carriers contracted 47.11% (from 1,46,682 units to 77,576 units), but LCV goods carriers contracted just 24.65% (from 3,59,162 units to 2,70,623 units).

The government on Thursday announced details of a voluntary scrappage scheme for vehicles older than 15 years in the country with a mix of incentives for consumers who opt to do away with their old cars and disincentives for those who choose to stay on with them.

In the absence of any official data, the actual number of vehicles eligible for scrapping is not clear. Also, there is no clarity on whether the government will reimburse the discount of 4-6 percent on the ex-showroom price of the vehicle against a scrappage certificate.

Low interest rates along with pent-up demand and ongoing discounts accelerated the year-on-year sales of major automobile players’ during February.

Analysts cited factors such as preference for personal mobility over public transport due to the pandemic as the other key reasons for the upswing.

Rapido's Head of Marketing Amit Verma shares the marketing mediums it will target for 2021

These cars are capable of over-the-air software updates, just like your smartphone. There are lakhs of such cars running on Indian roads already.

The Indian automobile sector Is on its way to recovery after facing severe hurdles due to the COVID-19 pandemic. Between April 2020 and June 2020, passenger vehicles sales in India dipped by 78%, suffering estimated losses of >Rs. 2,300 crore (US$ 315.09 million) every day during the lockdown.

The five sub-4 metre sedan models available in India may be the last of such ICE cars globally; sub-4 metre sedan sales have halved since 2015

As customer preference changes, vehicle manufacturers are aligning their strategy to take advantage of the evolution in the automotive ecosystem.

Daimler India Commercial Vehicles: EVs, hydrogen mobility, application-based trucks: why Daimler is set to go on an overdrive in India

Just two months ago, five-year-old Cars24 became India’s first unicorn in the used cars space, despite older rivals with similar business models snapping closely at its heels

Both analysts and automakers believe that with economic activity picking up pace and with expected GDP growth in Q3 and Q4, the CV turnaround could be round the corner, albeit in varying degrees in different CV sub-segments.

Indian PV market has shown robust growth in the post-Covid-19 world.

According to data from PGA Labs, the bike taxi service market is estimated at $150 million and is growing at 20% month-over-month.

Analysts argue it was bound to happen, due to the decreasing fuel price gap between diesel and petrol, carmakers pulling out diesel models with the shift to BS6 emission norms from April 2020 onwards, and petrol cars getting more fuel efficient.

The two-wheeler startups in the electric vehicle (EV) space have managed to collectively raise more than $63.5 million this year.

For quite some time, the automobile industry has been demanding a GST rate cut on vehicles — the total tax, including compensation cess, can go as high as 50% in the case of a certain class of cars — to boost demand.

“Next year for sure. Thanks for waiting,” Elon Musk, CEO of Tesla and founder of SpaceX, recently tweeted, confirming the entry of electric vehicle (EV) giant Tesla by 2021 in India.

The latest analysis report by Praxis Global Alliance, a management consulting and advisory firm, has suggested that shared mobility in India will resume to pre-COVID-19 levels by the first quarter of FY23.

The comforting sales numbers in September should have put a broad smile on Rajesh Goel’s face. But the senior vice-president and director, marketing and sales at Honda Cars India, is cautiously optimistic even after the 9.65% year-on-year growth.

Shared mobility is rising at a sturdy pace. Changing ownership patterns of daily commuters are aiding the growth. Inherent tailwinds in the market such as the increasing cost of private vehicle ownership, increasing mobile internet penetration and the rise of digital payment options are also boosting the shared mobility market.

While sales of passenger vehicles seem to have revived during August and September on the back of pent-up demand as a result of the lockdown, the same level of revival is not seen in the sale of two-wheelers.

There are broadly four segments of SUVs in India: Subcompact (Hyundai Venue, Maruti Suzuki Vitara Brezza), compact (Hyundai Creta, Kia Seltos), midsize (Hyundai Tucson, Honda CR-V), and full-size (Toyota Fortuner, Ford Endeavour).

The outbreak of the coronavirus pandemic and the fear of its spread have greatly impacted the shared mobility market, especially since travel to workplace has reduced significantly a report said.

Apart from pent-up demand, sales of passenger vehicles have been rising for the past two months on the back of new launches as well, like a Hyundai Creta (new variant) and Kia Sonet. For instance, in the July-September 2020 quarter, the new Creta sold 35,632 units, a growth of 85.3% over 19,227 (according to data by PGA Labs, the market research arm of Praxis Global Alliance).

In 2019, the used car market in India was valued at US$ 24.24 billion and is expected to grow at a CAGR of 15.12 per cent in the forecast period of 2020-2025. But, it is still behind many regions or countries globally.

Auto sales have bounced back in the past two months, leading to speculation that the sector is back on track.

The Nexa brand not only helped Maruti move up the value chain but also provided better margins due to the higher prices of cars it houses. The Arena network, on the other hand, lifted the small-car buying experience for an average Maruti buyer. But does it make sense to have a twin distribution model? Latest numbers show it does.

As Harley-Davidson ‘rewires’ its India strategy, British marque brand Triumph Motorcycles, and Royal Enfield are poised to use this opportunity to expand their share in the premium-bike segment.

We bring you the next edition of the movers and shakers of the week. Sanjeev Garg Joins Praxis Advisory Network.

For Kia, the challenges would come from two fronts. People looking to buy due to hygiene and safety concerns won't shell out big money.

With wallet-size expected to shrink in the post-pandemic world, Hyundai is betting on a subscription model and used-car business to woo the customer

As the country is facing a shortage of masks and ventilators in its fight against Covid-19, the auto industry, which has huge manufacturing facilities and expertise, has chipped in.

Stiff competition from entrenched rivals and lack of timley updates were the two main reasons behind the continuous fall in Duster's volumes.

While Aura will cater to individual customers, will be meant for fleet operators and cab aggregators

Even though the Indian auto industry was struggling with historically low sales last year, Renault India clocked 15.24% growth during April-December

India is still at a nascent stage of the EV (electric vehicle) revolution, unlike some of its western counterparts, and even China.

The stated target of the NITI Aayog to have 30 per cent electric vehicles in India by 2030 and all three-wheelers running on batteries has prompted the government to offer heavy incentives for companies to comply.

Tucked away in a lane in the Bengaluru suburb of Peenya, and surrounded by temples, garment shops and provision stores, lies the nondescript factory of Suparna Plastics.