ITV

Tag: vehicles

  • Mahindra hikes prices of personal & commercial vehicles

    Mahindra hikes prices of personal & commercial vehicles

    MUMBAI: Mahindra & Mahindra (M&M), part of the Mahindra Group, has increased the prices of its personal and commercial range of vehicles by around 1.9 per cent, resulting in an increase of Rs 4,500 to Rs 40,000, depending on the model and variant.

    The new prices will be effective 8 January 2021.

    For instance, in the case of All New Thar, the current price increase will be effective for all bookings done between 1 December 2020 and 7 January 2021. All fresh bookings for All New Thar, effective 8 January 2021, will have prices as applicable on the date of delivery.

    M&M CEO – automotive division Veejay Nakra said the price hike was necessitated due to unprecedented increase in commodity prices and various other input costs over the past many months. “We have made all efforts to reduce our costs and deferred price increase for a significant duration, but due to the quantum of input cost increase, consequently we are taking this price increase effective 8 January 2021,” he added.

    Mahindra is the latest automaker to raise prices to offset input costs. Last month, Tata Motors announced an increase in retail price across its commercial vehicle range, effective 1 January 2021. Maruti Suzuki, Ford India, Honda Motors have also raised their prices with the onset of the new year. 

  • Tata Motors to increase commercial vehicle prices from January 2021

    Tata Motors to increase commercial vehicle prices from January 2021

    Mumbai: Tata Motors has announced a price hike across its commercial vehicle range, effective 1 January, 2021.

    The steady rise in material and other input costs, impact of forex and transition to BS6 norms, have cumulatively escalated the cost of manufacturing vehicles. The company had thus far been absorbing the addition in costs but with their gradual increase in line with market trends, it has become imperative to pass at least some portion of the cost increase to customers via appropriate price revisions.

    The price increase is expected across the portfolio of M&HCV, I&LCV, SCV and buses. The actual change in price will depend on individual model, variant and fuel type. Tata Motors will continue to offer best in class value in each segment with low total cost of ownership and increasing profit potential for vehicle owners.

    Tata Motors has a huge portfolio of cars, SUVs, trucks, buses, defence cars and others. It commands a strong market share in the segment that has been supported with heavy advertising and marketing activities both on-ground and on-air.

  • Bajaj Auto clocks 11% sales growth in October 2020

    Bajaj Auto clocks 11% sales growth in October 2020

    NEW DELHI: Bajaj Auto registered 11 per cent year-on-year growth in the overall sales of its vehicles (across portfolio) in October 2020. It sold 512,038 vehicles in October 2020 against 463,208 vehicles in the same month last year.

    Two-wheelers drove numbers, recording unit sales of 4,70,290 in October 2020 for an overall growth of 18 per cent. 2,68,631 vehicles were sold in the domestic market, clocking 11 per cent growth, while another 2,01,659 vehicles were exported, registering 29 per cent growth. Notably, Pulsar alone sold 1,70,000 units – a record high for the brand.

    On the commercial vehicle front, Bajaj Auto sold only 12,529 vehicles domestically, witnessing a negative growth of 65 per cent and exported 29,219 vehicles registering a growth of four per cent. The company sold 41,478 commercial vehicles in October 2020 and recorded a slowdown of 35 per cent.

    The overall domestic sales saw a marginal growth of one per cent and exports saw a growth of 25 per cent.

  • Mattel unveils ‘Batman’ action figures, vehicles & gadgets

    Mattel unveils ‘Batman’ action figures, vehicles & gadgets

    MUMBAI: Mattel has launched an exclusive range of action figures, vehicles and gadgets based on the Warner television series: The Batman.

    The new Batman collection promises to unleash a whole new wave of excitement amongst the fans of the Caped Crusader. From an assortment of action figures to the 10″ jumbo-sized action figures and the versatile 3-in-1 Batjet Vehicle, it consists of the complete range of toys and accessories all kids and collectors.

    Of course, no Batman Toy range would be complete without the Batmobile. This all new highly detailed Batmobile comes with lights and sounds, fires projectiles and is the perfect vehicle for the Gotham Guardian, informs an official release.

    Commenting on the launch Mattel Toys (I) Pvt. Ltd managing director Sanjay Luthra said, “Batman has been imbedded in the psyche of boys for generations. He is the original self-made superhero, and it is that essential humanity that kids can relate to. The linkage between entertainment properties and toys are increasingly becoming stronger and Mattel’s objective is to stay ahead of the race by launching an array of products which are faithful representatives of all aspects of the property. We aim to bring the imaginative and action-filled world of The Batman alive for all fans across the country.”

    The Batman range from Mattel Toys will be available across all leading shopping malls, toys and departmental stores across the country and will be priced between Rs. 299 to Rs. 1499.