Car Sales June 2024: Honda Cars India Records 5% Sales Decline

Honda Cars India has recorded a sales decline of 5% in June 2024 selling 4,804 units as against 5,080 units in June 2023. However, this decline was counterbalanced by a remarkable surge in exports. The Japanese carmaker shipped 2,112 units to the global markets in the same month the year before, and it went up to 4,972 units last month, increasing the exports volume to more than double.

This contrast in between the domestic and export sales points to a possible change in Honda's business approach—possibly putting more of a focus on international sales.

The Elevate, since its September 2023 launch, has emerged as the top performer of Honda Cars India. The company's sales have increased profoundly as a result of this compact SUV's great performance in recent months. Sales data indicates a steady increase in 2024: 1,731 units in April, 1,553 units in May, and an estimate of 5,415 units in June. Elevate's increasing popularity is demonstrated by this sharp increase in June. With its reasonable price and spacious interior, the Elevate has helped Honda gain market share in the popular SUV sector, neutralizing other models' slower sales and making a major contribution to Honda's overall performance in India.

BMW's popular luxury coupe SUV, the X4, is nearing the end of its production line and is set to be discontinued by 2025. This decision comes as BMW focuses on reshaping its lineup with newer models like the second-generation X2, which debuted globally in 2023 and has grown significantly in size compared to its predecessor.

Motor1 Italy reported that BMW will not be continuing the Mercedes-Benz GLC Coupe rival, the X4, into the next generation. According to sources, BMW has determined that there is no longer a strategic fit for the X4 within its evolving lineup. The larger and more competitively priced second-generation X2 is set to take its place.

The decision to discontinue the X4 also coincides with BMW's strategy to streamline its offerings. With the X2 now offering increased size and narrowing the price gap with its larger siblings, customers seeking a coupe SUV will be directed towards options like the larger X6 or the versatile X3, which offers both rear-wheel-drive and six-cylinder engine options, including the powerful M50 variant.

While BMW has not officially disclosed the reasons behind discontinuing the X4, industry experts speculate that the revamped lineup, including the new X2 and upcoming updated X3, makes the production of the X4 less economically viable.

Despite the imminent end of the internal combustion engine-powered X4, enthusiasts may find solace in rumors of a potential successor. BMW Blog suggests that a fully electric iX4 is in the pipeline, expected around 2027. This future model, based on BMW's Neue Klasse platform, is part of BMW's ambitious plan to introduce at least six electric vehicles by 2028.

The iX4 would mark a significant shift towards electrification for BMW, leveraging advanced technologies and sustainable mobility solutions to meet evolving consumer demands and regulatory requirements.

While the BMW X4 bids farewell to its combustion engine variant, the promise of an electric successor underscores BMW's commitment to innovation and sustainability in the luxury automotive sector.

Car lovers interested in Maruti Suzuki cars should get ready for some irresistible offers in the month of July 2024. The offers extend to popular models like the Fronx, Jimny, Grand Vitara, and Baleno, potentially boosting their appeal in the competitive Indian automotive market.

The Fronx, launched in April 2023, is now available with a discount of up to ₹35,000. You can get an extra ₹25,000 off in showrooms if opting for an AMT variant. Customers can also add on the Velocity Edition accessory kit at ₹43,000.

The company offers an exchange bonus of up to ₹ 55,000 including corporate benefits on Grand Vitara, the mid-size SUV. This model is well-recognized among competitors in its segment due to strong hybrid technology.

The lifestyle-oriented Jimny witnesses the biggest cuts from ₹1 lakh to ₹2.50 lakh, specifically, through Maruti Suzuki Smart Finance.

The most demanded Baleno new generation hatchback presents cost-cutting offers including up to ₹45,000 for AMT versions, ₹40,000 for manual variants, and ₹20,000 for CNG version.

Consumers, long burdened by rising vehicle prices due to market demand and production issues such as the semiconductor crunch, can now breathe easier with these offers. Maruti Suzuki's decision to discount newer SUVs like the Fronx and Grand Vitara, alongside established hatchbacks like the Baleno, reveals a dual strategy of segment expansion and market share retention.

Bajaj is set to make history with the launch of its new Freedom 125 CNG motorcycle on July 5th, 2024. This groundbreaking model will be the world’s first bi-fuel motorcycle capable of running on both petrol and CNG, promising to revolutionize commuting with its high fuel efficiency.

Amidst rising fuel costs, Bajaj aims to provide a cost-effective solution with the Freedom 125, offering commuters relief from the expenses associated with petrol-powered bikes. The name "Freedom 125" has been officially confirmed by Bajaj's website, reflecting its 125cc engine displacement.

The Freedom 125 is expected to deliver exceptional mileage, potentially up to 100 km per kilogram of CNG, making it one of the most fuel-efficient motorcycles in India, if not globally. Users will have the flexibility to switch between petrol and CNG modes using a toggle switch.

Leaked images suggest that Bajaj will offer multiple variants of the Freedom 125, catering to different consumer preferences and budgets. The top-spec model will feature advanced appliances like knuckle guards, tyre huggers, and front disc brakes, appealing to tech-savvy riders.

Design-wise, the Freedom 125 sports a distinctive adventure bike-inspired look with a long seat, round headlight, and alloy wheels fitted with tubeless tyres. The CNG cylinder is strategically placed under the seat, ensuring practicality without compromising on style or ground clearance.

Bajaj is expected to competitively price the Freedom 125 between Rs 90,000 and Rs 1 lakh (ex-showroom), aiming to disrupt the market with its innovative approach and affordability. Motorcycle enthusiasts and commuters alike are eagerly awaiting the launch, anticipating a new era in economical and eco-friendly transportation solutions.

Exciting news for car enthusiasts! MINI India has started pre-launch bookings for the new MINI Cooper S and the new all-electric MINI Countryman. These highly anticipated models are set to launch on 24 July 2024.

The new MINI Cooper S, a 3-door model in its fifth generation, continues the brand's tradition with its classic MINI design and promises urban driving fun. On the other hand, the all-electric MINI Countryman offers more space, comfort, and safety with its larger dimensions. It combines emission-free driving with advanced technologies, providing an immersive user experience.

Customers can book the new MINI Cooper S and the all-electric MINI Countryman at their nearest authorized MINI dealership or online at the MINI Online shop (shop.mini.in). The online platform allows customers to explore various views of the cars, check out the new features, and view a gallery of images. A secure online payment system is available for a hassle-free booking experience.

Authorized Dealerships in India

MINI India has established nine authorized dealerships across the country:

• Bird Automotive (Delhi NCR)
• Bavaria Motors (Pune)
• EVM Autokraft (Kochi)
• Gallops Autohaus (Ahmedabad)
• Infinity Cars (Mumbai)
• Krishna Automobiles (Chandigarh)
• KUN Exclusive (Chennai)
• KUN Exclusive (Hyderabad)
• KUN Exclusive (Bengaluru)

Ather Energy has started delivering the new Rizta electric scooter in India. CEO Tarun Mehta announced the news on social media. Right now, deliveries are happening in Pune, Ahmedabad, Delhi, Lucknow, Agra, Jaipur, Nagpur, and Andhra Pradesh. More cities will be added soon.

The Rizta is Ather’s first family electric scooter, based on the Ather 450X. It comes in two variants: S and Z. The design of the Rizta is more conventional compared to the sportier 450-series. It features a spacious boot, a long seat, and useful options like navigation and Bluetooth connectivity.

The S variant has a 2.9kWh battery. The Z variant can come with either a 2.9kWh or a 3.7kWh battery, offering a range of up to 125 km. Prices for the Ather Rizta start at Rs 1.12 lakh, ex-showroom, Delhi.

To boost sales during the month of July 2024, Tata Motors has announced attractive discount offers and best deals on selected models for its customers. The discounts are primarily for the MY2024 models; more benefits might be available on the MY2023 units upon inquiry.

Tata Tiago

Leading the list of attractive offers and discounts, the Tata Tiago, a well-received hatchback is available with a maximum discount of Rs 60,000. The petrol variant is priced at Rs. 35,000 less in cash, and the CNG variant can be availed at a discount of Rs. 25,000. Other benefits include an exchange bonus of Rs 20,000 and a corporate bonus of Rs 5,000.

Tata Tigor

Currently, the Tata Tigor sedan features a discount of up to Rs 55,000. Besides this, the petrol version offers cash discount of Rs. 30,000 and exchange and corporate bonus of Rs. 25,000. The diesel variant only gets a cash discount of Rs 15,000 while the CNG variant gets a Rs 25,000 cash discount.

Tata Altroz

The discounts also extend to the premium hatchback Tata Altroz which has offers of up to Rs 50,000 in the approaching festive season. The cash discount offer of Rs 25,000 is available on both petrol and diesel models. However, customers can get an exchange bonus of Rs 20,000 and a corporate discount of Rs 5,000 is also there. The CNG variant offers Rs 15,000 off.

Tata Nexon and Tata Punch

Tata Nexon and Tata Punch both get up to Rs 25,000 discount, mainly via exchange and corporate benefits. It is an appealing offer in the compact SUV segment.

Tata Safari and Tata Harrier

The Tata Safari and Tata Harrier SUVs come with offers up to Rs 38000. An exchange bonus of Rs 30000 is also available. For corporate customers a discount of Rs 8000 is provided. 

It is important to note that buyers should consider the possibility of discounts being different depending on the location of the car, its variation, and the availability of the particular stock. For getting more specific details, customers are advised to contact their local Tata Motors dealers in India.