Big Breaking News of 2019 Auto Industry Headlines in India

Big  Breaking News of 2019 Auto Industry Headlines in India

The Indian automobile industry has gone through huge changes this year, with India preparing for Stage-6 standards or the biggest recession in two decades.

 The company has started its production plant in Anantapur, Andhra Pradesh

Kia Motors Entry with Celtos in India

Kia Motors made an official entry into India in August 2019 and the company has launched the Kia Celtos in a heavily contested compact SUV segment that is competing with cars like MG Hector, Hyundai Creta and Nissan Kicks. The company has started its production plant at Anantapur in Andhra Pradesh where the company's upcoming product Kia Carnival and new subcompact SUV will be produced along with Celtos. UV was formed. Even Kia has said that for the next three years the company will launch a new vehicle every 6 months in India.In November, Kia announced that the company had already delivered 26,800 units of Celtos to customers, selling 14,000 units in the same month, making Celtos the country's best-selling SUV. The Celtos is also a connected SUV that comes with a UVO connectivity system, the system provides 37 smart features to the car including geofacing, AC control with remote engine start, emergency assistance, navigation and tire pressure monitoring system among many more. 

Vehicle sales registered a decrease of 31.57%

The biggest market of two countries dominated passenger vehicles

The slowdown in the auto industry had a big impact on the sales of car makers this year, but in this too, August 2019 was the month in which the recession hit most. This month, the total sales of the automotive industry were found to be similar to the financial year 1997-98, which was a big setback for the companies.On a year-on-year basis, vehicle sales registered a decrease of 31.57% and in August 2019, sales fell for the 10th consecutive month to 1,96,524 units. Talking about the decrease in sales of passenger vehicles, the biggest decline was recorded. Passenger car sales were 41.09% with 1,15,957 units. At the time, SIAM President Rajan Vadhera said that this slowdown dominates the auto sector, it is very worrying.

Mahindra will have a 51% stake in the new venture, while Ford will have a 49% stake in it

Mahindra and Ford's joint venture announced

This year, Indian automaker Mahindra & Mahindra and US carmaker Ford Motor Company have announced to create a new joint venture brand for the Indian market. Mahindra will have a 51% stake in this new venture, while Ford will have a 49% stake in it. The two companies will have 50-50 participation in this board with Mahindra-elected chairman. Under the new joint venture, work will be done to strengthen Ford's position in India and export the company's products worldwide.The brand will operate in India and the new joint venture will probably start functioning by mid-2020. Mahindra and Ford will jointly build vehicles in which new utility vehicles will be built under the Ford brand, starting with the new mid-size SUV and the platform will be shared by both companies. Let us know that Ford is going to put all its business in India in this joint venture.