Writing a new chapter of success, BMW Group India has achieved its best-ever annual car deliveries with 11% growth. The company delivered 15,721 cars (BMW and MINI) and 8,301 motorcycles (BMW Motorrad) between January – December 2024. BMW sold 15,012 units and MINI 709 units.
BMW sales clocked the highest Q4 (4,958 units | +15%) and highest December sales as well (2,244 units | +17%).
Mr. Vikram Pawah, President and CEO, BMW Group India said, “Posting the highest-ever car sales in India, BMW Group India has also crossed a milestone of 15,000 cars. We had the strongest product offensive in the luxury car segment, paired with the introduction of new initiatives like Retail.NEXT and expansion of bespoke experiences and services for our customers. BMW is leading significantly across segments in the Indian luxury car market including sustainable electric mobility, Luxury Class and aspirational premium compact segment. This tremendous success is driven by our resolute focus on creating customer delight. Together with our dedicated team of dealer partners, we are committed to achieving new benchmarks in luxury mobility.”
BMW Luxury Class (BMW 7 Series, BMW i7, BMW X7 and BMW XM)
2024 recorded the highest ever sales of BMW Luxury Class in India (2,507 units | +8%). BMW Luxury Class is the flagship range and the ultimate mark of exclusivity for Indian customers. Nearly every fifth car that BMW sold in India in 2024 was a top-of-the-range model. In 2024, BMW X7 was one again the highest-selling Luxury Class model (1,570 units | +4%). Since its launch, more than 5,000 units of the BMW X7 have been delivered in India. The BMW 7 Series leads the epitome of luxury in its segment (865 units | +15%).
BMW Group Electric Vehicles (EV)
BMW Group India upheld its top position in the electric mobility space for the third consecutive year. Thanks to the widest and most attractive range of electric vehicles in luxury segment, complimented by a strong charging network and host of new services, BMW Group India remains the most desirable choice for luxury EVs. In 2024, 1,249 units of fully electric BMW and MINI cars were delivered. i7 was the largest selling EV in its class with 384 units.
BMW Group India also crossed 3,000 EV deliveries till date, becoming the first luxury car manufacturer in the country to reach this milestone. BMW iX is the most popular luxury EV in India with over 1,100 units sold till date. BMW Group India offers six electric cars and two electric scooters in India – BMW i7, BMW iX, BMW i5, BMW i4, BMW iX1, MINI Countryman Electric, BMW CE 04 and BMW CE 02.
BMW Sports Activity Vehicles
BMW Sports Activity Vehicles (SAV) contributed 56% to sales with 8,351 units. Deliveries of SAVs rose by +16%, as they offer unparalleled dynamism, space and comfort for an active lifestyle and the ability to dominate any kind of road. BMW X5 posted its highest annual sales till date (2,056 units | +89%). BMW X1 was the most popular SAV with over 20% share in sales and also the highest selling car in Indian premium compact SAV segment.
BMW Long Wheelbase Range
The highly successful long wheelbase range of BMW India was in tremendous demand in 2024. BMW offers the largest portfolio of long wheelbase models in the luxury segment including the BMW 7 Series, BMW 5 Series and BMW 3 Series. These models are a prime choice as they bring the highest degree of luxury, space, comfort and performance and are perfectly suited for different requirements. The BMW 3 Series was the highest selling sedan with 20% share in sales and also a class-leader in its segment. The all-new BMW 5 Series Long Wheelbase, the most aspirational business sedan in India, garnered over 1,000 deliveries in less than six months of launch.
BMW M
2024 was a big year for BMW M in India with eight new launches including seven M cars and one M motorcycle. M cars deliveries increased to 875 units. BMW M340i was the highest selling M model. Since its introduction, more than 1,000 BMW M340i have been sold in India. The engineering brilliance of BMW M represents precision, agility, and the exhilarating thrill of high-performance driving.
MINI
MINI delivered 709 units in 2024. The MINI 3-Door Cooper S posted its highest-ever sales at 250 units with +77% growth.
BMW Motorrad
BMW Motorrad delivered 8,301 motorcycles in 2024. BMW Motorrad registered the highest-ever half-yearly sales (July – December) (4687 units | +14%). At 1,041 units, the brand also achieved best-ever annual sales of its completely built-up bike portfolio.
BMW and MINI 360°
Customers enjoy great value proposition and complete peace of mind with the 360⁰ finance plan from BMW India Financial Services which offers attractive low monthly instalments, assured buy-back, flexible end of term options and an opportunity to upgrade to a new car amongst other benefits. 1 out of 4 cars financed by BMW India Financial Services is through BMW and MINI 360⁰.
As urban India continues to expand and public transport struggles to meet rising demand, car ownership has emerged as the go-to mobility solution for millions of Indians. The convenience, sense of freedom, and joy of owning a car have become integral to the lifestyle of young, aspirational buyers across the country.
In line with these evolving trends, Spinny, India’s leading full-stack used car platform, has released its annual report, shedding light on the key developments that have shaped the used car market throughout 2024.
A significant 76% of Spinny customers in 2024 were first-time car buyers, further solidifying the platform’s position as a top choice for new car owners. This represents a 3% increase from the previous year 73%.
The top three preferred car models saw a shift in 2024. Renault Kwid continues to be the hot favourite and Hyundai Grand i10 maintained their dominance, while Maruti Suzuki Swift entered the top three, replacing the Baleno. Hatchbacks continue to be the most preferred category across. This reflects a growing preference for compact, value-driven vehicles.
The compact SUV segment has seen a 20% growth, with models like the EcoSport continuing to reign supreme. The appeal of compact SUVs, combining space and performance with the “big car” appeal, continues to rise.
Spinny’s hub-based delivery model remains highly favoured, with 74% of deliveries made through Spinny hubs, an increase from 69% in the previous year, showcasing the importance of physical interaction and inspection in the car-buying process.
Petrol remains the dominant fuel type, accounting for 82% of Spinny’s sales. Diesel vehicles have declined to 12%, while CNG and electric vehicles (EVs) hold steady at 4% and 2%, respectively.
Women buyers now represent 26% of Spinny’s customer base, with the absolute number of women buyers growing steadily each year. Among them, 60% prefer automatic hatchbacks, while 18% prefer compact SUVs.
The average age of Spinny’s customers has dropped to 32 years from 34 last year, indicating an appeal to younger buyers who are looking for a reliable and easy car-buying experience.
The report highlights a growing trend in online car buying, with online purchases rising to 75% in 2024, up from 70% in 2023. This shift underscores the increasing convenience and preference for digital transactions in the car-buying process.
This year, 22% of customers opted for an upgrade, compared to 12% in 2023. This increase shows growing confidence in platforms like Spinny, which allows buyers to trade in their old cars and select a new one based on their changing needs. Whether it’s upgrading to a larger vehicle for family requirements or choosing a car suited to their lifestyle or city, the exchange process gives customers flexibility in finding a car that works for them.
56% of Spinny customers chose financing options to facilitate their car purchases, with 60% of these customers falling within the 25-30 age group. This indicates a growing reliance on financing, especially among younger buyers.
Spinny Max, the luxury car segment, has gained significant traction, with premium models from brands like BMW, Mercedes-Benz, and Jeep leading the charge with Jeep Compass holding the maximum share followed by BMW X1 and Mercedes C-Class. Spinny’s partnership with TataEV has also contributed to the growing interest in electric vehicles, especially the Tata Nexon, which accounts for 60% of EV sales in Bengaluru.
Spinny’s stronghold continues to be in major cities such as Bangalore, Delhi NCR, and Hyderabad, which remain the top contributors to sales.
As Spinny looks toward 2025, the company remains focused on enhancing its customer experience, with an unwavering commitment to trust, quality, and customer experience. Addressing the year-end trends, Niraj Singh, Founder & CEO of Spinny, shared, “From delivering our first car in 2015 to over 2 lakh stories by the end of 2024, it has been a humbling journey. This growth fuels our passion to continue offering the service and experience to our customers as we move forward.’’
Hagerty UK is announcing its 2025 UK Bull Market List, a selection of ten cars that are set to be great buys in 2025. Some are predicted to rise in value in the future, others have been selected for their superb value for money and rewarding ownership experience.
The cars in the Hagerty UK Bull Market List have all been selected as a result of intense research into changes in vehicle values by the valuation specialists at Hagerty UK. These specialists compile the highly respected Hagerty Price Guide, ensuring they are uniquely qualified to provide insight into prices and trends in the classic and modern classic car market in the UK.
For 2025 they have chosen a wide selection of models, from the humble Peugeot 106 to the cult status Subaru Impreza P1. There’s opulence in the Rolls-Royce Silver Shadow II and driving adventures in the Austin-Healey 3000 and Porsche 912.
“The 2025 cohort is, I think, my favourite yet,” says John Mayhead, editor of the Price Guide. “The models span nearly every era of motoring and range from up-and-coming classics to those that were once top dog and now maybe offer a huge amount of car for the money.”
2001-2005 Alfa Romeo 147 GTA The Alfa Romeo 147 GTA takes the Hagerty Hot Hatch Pick for its understated looks and incredible performance. Values have risen steadily in recent years with the very best examples fetching well over £20,000.
The 147 GTA is every bit the Alfa Romeo, with Italian character and performance to match. Its 3.2-litre six-cylinder Busso engine is now considered to be one of the finest engines ever produced. The interior reflects the Italian craftsmanship of the era with exemplary materials and comfort combined with sporty details.
This hot hatch continues to increase in popularity, with many younger buyers seeking it out in order to enjoy one of the best Alfa Romeo experiences.
What the Hagerty Valuation Team says: The main reason the 147 GTA was chosen for this year’s Bull Market is that it offers an extraordinary driving experience for a relatively sensible price. It’s the spiritual successor to the 105 series Alfa Romeo GTA coupes that made such an impact on both road and racetrack back in the 1960s and ‘70s.
Hagerty Price Guide valuation – £8,500 to £20,500
1959-1967 Austin-Healey 3000 The Austin-Healey 3000 is the Hagerty Bull Market Best of British Index Pick, a quintessential British sports car, loved by multiple generations since it first entered production in 1959. One of the most popular big Healey models, it continued in production until 1967, with four major model variations during that time.
The Austin-Healey 3000 not only won hearts for its roadster character and charm, but it also performed well on some of the world’s great race tracks, including Le Mans and Sebring. It’s a true usable classic, with plenty of clubs offering support for owners and a vast number of events to take part in. It continues to be an affordable classic that in recent years has also found favour with many younger buyers.
What the Hagerty Valuation Team says: In value terms, the Austin-Healey 3000 has been very flat over a long period of time: since May 2015, UK Hagerty Price Guide values for an excellentexample have varied by less than ten percent, and currently sit at £45,400, although it’s recently dipped. In real terms, accounting for inflation, that means the model is much more affordable than it was a few years ago.
Hagerty Price Guide valuation – £22,900 to £87,500
1994 – 1999 Ferrari F355 The Ferrari F355 is the Hagerty Gold Index Pick for 2025, with values rising significantly in recent years. This mid-1990s Italian sports car ticks all the right boxes, with the famous Maranello badge, pop-up headlights, a beautiful design and a superb mid-mounted 3.5-litre hand built V8.
Manufactured between 1994-1999, the F355 was based on the Ferrari 348 with improved performance, aerodynamics and usability. Its five-valve cylinder head helped to generate more power and changes to the transmission made it more reliable than the 348. Six-speed manual models are the more collectible, but the F355 also goes down in history as the first road car to feature an F1-style automated manual paddle-shift.
The F355 was available as a Berlinetta coupé, Spider and GTS targa-top. Those who wanted even more performance could opt for a Fiorano handling pack, with these models proving a rare find these days. Highly collectible, the F355 is also a comfortable sports car to enjoy on a regular basis.
What the Hagerty Valuation Team says: Some consider the F355 to be a peak driver’s Ferrari, mixing 1980s-inspired design and analogue engineering. A relatively new addition to the UK Hagerty Price Guide, values have risen recently, up 6.2 percent in the past three years to £73,300 for a standard Berlinetta in excellent condition. In the US, growth has been even more extreme, and the Guide price for the same model there is now $196,000 (£152,000) although this includes a 25 percent premium for manual gearbox examples.
Hagerty Price Guide valuation – £50,600 to £105,000
1992-1998 Maserati Ghibli Maserati has used the Ghibli name on three models since the 1960s, the Hagerty 2025 Bull Market Italian Pick being the AM336, produced between 1992-1998. Designed by the legendary car designer, the late Marcello Gandini, the 90s Ghibli was an evolution of the Maserati Biturbo.
The flared wheel arches, high boot and handcrafted interior gave this two-door coupé more presence and style than its predecessor. The engines were the real attraction though, with a 2.0-litre or 2.8-litre twin-turbo V6 on offer. At the time, the Ghibli Cup with its 325bhp pushed out more bhp per litre than a McLaren F1.
What the Hagerty Valuation Team says: The attraction of the Maserati Ghibli model range is that there’s a car for many different price points. Standard, base Biturbos with middling miles are still for sale for under £10,000, a good Spyder is double that, all the way up to the Shamal, currently valued at £53,000 in excellent condition in the UK Hagerty Price Guide. Those with the cheapest price on the windscreen may be more expensive to maintain though, and for a 1980s/ 1990s-era Maserati, the bills may be significant.
Hagerty Price Guide valuation £9,400 to £54,900
1991-2003 Peugeot 106 The Peugeot 106 has often been overshadowed by its sibling 1990s boy racer favourite, the Citroen Saxo. Produced between 1991-2003, the Hagerty Quirky Pick was available in anything from a very basic 1.0-litre petrol version to the entertaining GTi and Rallye variants.
Many people have a story to tell of their experience with a Peugeot 106, either as the car they learned to drive in, their first car or a rental that took them on holiday with their friends. It might be a small car, but it had a big personality with an interior that combined French quirkiness with practical simplicity. They were also easy to work on and many were the subject of extensive modifications, making pristine original examples increasingly sought after today.
What the Hagerty Valuation Team says: Hagerty considers the Peugeot 106 to be great value compared with some of its rivals. The Series 1 106 Rallye in excellent condition is listed in the Hagerty Price Guide at £12,400, around 32 percent less than its older relative the Peugeot 205 Rallye. With their homologation credentials, limited numbers and instantly recognisable looks, they tick many of the requirements of a collectable car, although originality is critical.
Hagerty Price Guide valuation – £8,900 to £16,400
1965-1969 Porsche 912 In the 1960s Porsche wanted a car that fitted between the 356 and the 911. That car was the 912, a sports car that had all the looks of the 911 and the same level of build quality and comfort, but at a much lower price. It was also cheaper to run, thanks in part to the use of the four-cylinder 616 engine from the 356.
Today the 912 is becoming more sought after, not just for its great value but because it is both dynamic and usable, with easier to manage handling and performance compared to the 911. Prices for the 912, which is the Hagerty 2025 Classic Pick, remain stable and are not expected to rise dramatically. The UK Hagerty Price Guide values excellent left-hand drive examples at £57,800 with right-hand drive models attracting a large premium.
What the Hagerty Valuation Team says: With a Porsche 912 you get the early 911 experience for a fraction of the price. Other than very early 912s, the vast majority of the car is identical to its six-cylinder sibling, sharing the same interiors, bodywork, suspension and electrics, only the engine is different.
Hagerty Price Guide values – £26,900 to £90,100
1994-2001 Range Rover P38 The Range Rover P38 arrived in 1994 as the successor to the original classic model. It featured a more rounded exterior design, while the interior had all the hallmarks of the model, including lots of wood and leather and an elevated driving position that made occupants feel as though they were above everyone else.
The P38 was available with an updated version of the traditional Rover V8 or a turbo-diesel engine from BMW. The combination of opulent luxury and legendary off-road capability ensured it remained a popular choice. In recent years they have become well-known for reliability issues, but a good example of the car that is the Hagerty Off-Road Pick can still deliver that true Range Rover experience.
What the Hagerty Valuation Team says: The P38 Range Rover is a car that is currently extremely affordable, with the cheapest runners advertised for under £1000 and even top-spec, limited edition models with extremely low mileage in concours condition rarely reaching over £15,000. Plus, they are getting rarer: social media groups are full of cars being broken for parts or heavily modified for off-road use. Find an original, well-maintained example, and it could offer a lot of value for money.
Hagerty Price Guide values – £800 to £15,800
1977-1980 Rolls-Royce Silver Shadow II Rolls-Royce introduced the Silver Shadow in 1965 but then it updated the model for the final few years of its life, creating the Silver Shadow II in 1977. Loved by everyone from wheeler dealers to wedding planners and the world’s wealthy, the Silver Shadow II delivered the ultimate in luxury motoring of the time.
Today they remain wonderful cars to own and enjoy, providing an element of glamour as well as superb ride comfort and all the status of driving a car with the famous Spirit of Ecstasy leading the way. Values vary immensely but so too do the maintenance costs, making the Hagerty 2025 Luxury Pick one to choose carefully.
What the Hagerty Valuation Team says: Prices for the Silver Shadow II have been relatively static, only £100 higher today for an excellent example than in December 2021. The big difference has been in the top examples, with a concours condition value up over 20 percent during the same period to £31,900. This is a good sign as a rise in top examples often encourages more to be spent on maintaining other, less pristine cars
Hagerty Price Guide values – £5,700 to £28,700
2000-2001 Subaru Impreza P1 First generation Subaru Impreza prices are increasing, but none more so than some of the most revered models. These include the flagship 22B and the Hagerty 2025 RADwood Pick, the Prodrive 1 or P1. Only 1000 examples were built, each fettled by famous motorsport company, Prodrive. This included design changes by the designer of the McLaren F1, Peter Stevens and engine upgrades to produce 276bhp.
The P1 was only available in Sonic Blue and its chassis and suspension were specifically tailored for British roads while ABS was added for the first time. Electrically adjustable Recaro seats sported the P1 logo, which also adorned the iconic rear wing. Compared to prices for the 22B, the P1 represents a great value way to get into a legendary rally-bred sports saloon.
What the Hagerty Valuation Team says: Prices have risen a lot in the last few years – the UK Hagerty Price Guide ‘Excellent’ value was £32,000 in September 2022 and two years later was £50,500 but Hagerty believes that prices may well increase further still. Many of these cars have been driven hard, and the gulf between top and bottom values is huge: Hagerty’s ‘fair’ price is 61 percent lower than its top concours’value. Pristine, low mileage cars will probably increase most, but regularly driven cars that are a little rough around the edges will be much more affordable and great fun.
Hagerty Price Guide values – £25,000 to £72,500
1994-2000 Toyota RAV4 The Toyota RAV4 is the model that started the modern era of compact crossovers and small SUVs. Introduced in 1994, over ten million have since been sold, but version that receives the Festival of the Unexceptional Pick in the 2025 Hagerty Bull Market is the first generation.
The Recreational Active Vehicle with 4-wheel drive (RAV4) provided all the passenger and luggage space people needed, together with more ground clearance, a higher driving position, improved visibility over regular cars and the option of full-time four-wheel drive. Short and long wheelbase models were available and there was even a fully electric version, the RAV4 EV, although these are the rarest of all.
What the Hagerty Valuation Team says: Legendary Toyota build quality, combined with an instantly recognisable design and very low current prices mean that Hagerty believes the RAV4 is a great entry-level classic, plus you’ll be welcome at any future edition of Hagerty’s Festival of the Unexceptional. Even in top GX spec, a concours-ready example should set you back under £5,000 – if you can find one, these early cars are now very rare.
Škoda is kicking off its 130th anniversary celebrations with the world premiere of the new Enyaq and Enyaq Coupé. Scheduled for Wednesday, January 8 at 09:00 GMT, the reveal will take place on Škoda’s official YouTube channel.
A video walkaround, including expert insights and detailed information, will showcase the new Škoda Enyaq’s updates. Highlights include enhancements to the exterior and interior design, upgraded standard equipment, and diverse powertrain options.
Both the Škoda Enyaq and the Škoda Enyaq Coupé now embody the brand’s new Modern Solid design language, featuring a striking front end with a glossy black Tech-Deck Face, Light Band, and newly designed LED Matrix beam headlights. The new Enyaq also delivers an extended range, thanks in part to optimised aerodynamics, alongside more sustainable materials and extensive standard equipment.
Kia India has announced the commencement of bookings for Syros. Customers can book the Syros online or at the nearest dealer with a booking amount of INR 25,000. The prices for the Syros will be announced on February 1, with deliveries commencing mid-February.
Built on the reinforced K1 platform, the Syros is tailored to meet the needs of new-age urban drivers and tech-savvy adventurers, blending versatility with cutting-edge advancements. With a bold exterior design and premium, lounge like experience on the interior, the Syros sets a new standard in the segment.
Commenting on this, Mr. Hardeep Singh Brar, Sr. VP and Head of Sales and Marketing, said, “With the Syros, we are proud to introduce a game-changing SUV that embodies the perfect blend of innovation, style, and comfort, designed to exceed the expectations of the young, aspirational India. As we open pre-bookings, we invite customers to be among the first to experience the future of motoring. We are confident that the Syros will set new benchmarks in the industry, redefining the SUV in the Indian automotive market.”
Equipped with 20 robust hi-standard safety package, along with 16 autonomous features with Level-2 ADAS, the Syros has best-in-class active safety. With Kia Connect 2.0, it provides first-in-segment Over-the-Air (OTA) software updates, automatically updating 22 controllers to ensure the vehicle is always equipped with the latest software and features. The Syros also comes with a best-in-class 76.2cm (30”) Trinity Panoramic Display panel – Connected Car Navigation Cockpit, a dual-pane panoramic sunroof, and 64 colour ambient lighting. It features first-in-segment rear seat recline, slide, and ventilation, along with the flexibility of adjustable boot space as per need.
The Kia Syros will be available in four standard trims HTK, HTK+, HTX and HTX+ along with two optional trims HTK(O) and HTX+(O). It will have two engine options: Smartstream 1.0-liter turbo petrol with 88.3 kW (120PS)/172Nm, and 1.5-liter CRDi diesel with 85 kW (116PS)/ 250Nm, both mated to automatic and manual transmission.
With the Syros, Kia India solidifies its stance as a pioneer in the automotive industry, pushing the boundaries of innovation, design, and customer satisfaction.
Kia Corporation announced today global sales of 3,089,457 vehicles in 2024, posting a new annual global sales record. This represents a 0.1 percent increase compared with the same period last year.
Excluding special purpose vehicles, Kia’s 2024 sales in markets outside of Korea saw a one percent rise over the previous year, to 2,543,361 units. Sales in Korea totaled 540,010 units, a 4.2 percent decrease.
For December 2024, Kia’s global monthly sales increased 11.8 percent compared with the same period in 2023, to 240,537 vehicles.
Kia’s previous best yearly performance was recorded in 2023, with sales totaling 3,087,384 units. This included 2,518,016 units sold outside of Korea, and 563,660 vehicles in Korea.
The Sportage SUV topped the 2024 global sales rankings by model, selling 587,717 units, followed by the Seltos SUV (312,246 units), and the Sorento SUV (280,705 units).
The company’s best-ever annual sales was supported by the launch of competitive new models such as the Kia EV3, — as well as the new K4 sedan, and hybrid model of the Carnival MPV — along with stabilized industrial conditions and flexible business operations that increased vehicle production and supply.
In 2025, Kia is targeting global sales of 3,216,200 units. By region, the brand expects to sell 550,000 units in Korea and 2,658,000 vehicles overseas. Kia also expects to sell 8,200 special purpose vehicles.
Kia plans to solidify its EV leadership and maintain its sales momentum by expanding its EV lineup, successfully launching strategic models, and fostering the growth of its PBV business.
Nissan Motor Co., Ltd. (“Nissan”), Honda Motor Co., Ltd. (“Honda”), and Mitsubishi Motors Corporation (“Mitsubishi Motors”) have signed a memorandum of understanding (MOU) to explore the possibility of Mitsubishi Motors’ participation, involvement, and synergy sharing in relation to the business integration through the establishment of a joint holding company outlined in an MOU signed between Nissan and Honda.
Nissan, Honda, and Mitsubishi Motors have reached a basic agreement to proceed with discussions based on the framework established in the MOU signed by Nissan and Honda on August 1 regarding the commencement of a strategic partnership focused on intelligence and electrification. Mitsubishi Motors has been participating in this framework, and the three companies have been proceeding with discussions.
Following the agreement between Nissan and Honda to start consideration toward a business integration through the establishment of a joint holding company amid the dramatic changes in the environment surrounding both companies and the automotive industry, the three companies have agreed to explore the possibility of achieving synergies at an increased level through Mitsubishi Motors’ participation or involvement in the business integration. Mitsubishi Motors aims to reach its conclusion by the end of January 2025 on the participation or involvement in the business integration between Nissan and Honda.
Marking the announcement, Nissan Director, President, CEO and Representative Executive Officer Makoto Uchida said: “Honda and Nissan have begun considering a business integration, and will study the creation of significant synergies between the two companies in a wide range of fields. It is significant that Nissan’s partner, Mitsubishi Motors, is also involved in these discussions. We anticipate that if this integration comes to fruition, we will be able to deliver even greater value to a wider customer base.”
Honda Director and Representative Executive Officer Toshihiro Mibe said: “At this time of change in the automobile industry, which is said to occur once every 100 years, we hope that Mitsubishi Motors’ participation in the business integration discussions of Nissan and Honda will lead to further social change, and that we will be able to become a leading company in creating new value in mobility through business integration. Nissan and Honda will start the discussion from today onwards with an aim to clarify the possibility of business integration by around the end of January in line with the consideration of Mitsubishi Motors.”
Comment from Mitsubishi Motors Director, Representative Executive Officer, and President and CEO Takao Kato said: “In an era of change in the automotive industry, the study between Nissan and Honda about a business integration will accelerate synergy maximization effects, bringing high value also to the collaborative businesses with Mitsubishi Motors. In order to realize synergies and to make the best use of each company’s strengths, we will also study the best form of cooperation.”
Hyundai Motor India Limited (HMIL), is proud to announce that its flagship electric SUV, the Hyundai IONIQ 5, took part in a prestigious Guinness World Records title attempt for the Greatest altitude change by an electric car. Driven by the professional team from Evo India, the Hyundai IONIQ 5 set a remarkable record by registering an altitude change of 5802 metres—from India’s highest drivable point, Umling La in Leh Ladakh, located 5799m (19,024 feet) above sea level, to Kuttanad in Kerala, situated 3 metres below sea level.
The extraordinary feat was accomplished in just 14 days, covering an extensive distance of over 4900 kilometres across challenging terrains and extreme climatic conditions, truly demonstrating the Hyundai IONIQ 5’s resilience, advanced technology, and superior performance. Throughout the journey, the Hyundai IONIQ 5 reaffirmed its position as a benchmark in electric mobility, seamlessly navigating harsh environments, from freezing temperatures and steep mountain passes in the Himalayas to humid coastal regions in Kerala.
Speaking on the achievement, Mr. Unsoo Kim, Managing Director, Hyundai Motor India Limitedsaid, “We are incredibly proud to see the Hyundai IONIQ 5 create history by achieving the Guinness World Record for the highest altitude change by an electric car. This achievement is a testament to Hyundai’s unwavering commitment to innovation, technological excellence, and sustainability. The IONIQ 5’s performance in such extreme conditions reflects its engineering prowess and durability. At Hyundai, we are dedicated to pushing boundaries and setting new benchmarks in e-mobility, and this record further reinforces our vision of ‘Progress for Humanity.”
The Hyundai IONIQ 5, developed on the state-of-the-art Electric-Global Modular Platform (E-GMP), has been designed to redefine smart mobility experiences. It features a futuristic and progressive design inspired by Hyundai’s iconic PONY, a revolutionary step towards a new era of electric mobility. Equipped with a high-capacity 72.6 kWh battery, the Hyundai IONIQ 5 delivers exceptional driving range, advanced safety, and cutting-edge smart technologies, offering customers an exhilarating and versatile e-mobility experience.
The Hyundai IONIQ 5 has once again proven its capabilities, setting a new standard in the electric vehicle segment while offering an unmatched combination of performance, safety, technology, and design. Hyundai Motor India remains committed to delivering advanced mobility solutions and shaping a sustainable future for all.
Nissan Motor Co., Ltd. has announced the appointment of a new leadership team, effective January 1, 2025. Nissan is carrying out its recently announced turnaround actions, designed to restructure the company’s operations for enhanced efficiency and resilience. As part of these actions, the appointments are aimed to respond quickly to current issues, restructuring the management following the appointment of a chief performance officer (CPO) effective December 1. In April 2025, Nissan will make further changes to management to create a lean, flat structure that can respond flexibly and quickly to changes in the business environment.
Stephen Ma, currently chief financial officer (CFO), is appointed as chairperson of the Management Committee for China. He will continue to report to Makoto Uchida, chief executive officer (CEO). With extensive experience and knowledge of China, along with his global leadership background, Ma will focus on shaping the future strategy for the region and enhancing local operations.
Jeremie Papin, currently chairperson of the Management Committee for Americas, is appointed as CFO. In this role, he will report to CEO Uchida. Prior to his current role, Papin amassed many years of experience in finance, strategy, and business development within Nissan and the Alliance. Papin also worked more than 10 years in investment banking focusing on the automotive sector.
Christian Meunier joins Nissan and is appointed as chairperson of the Management Committee for Americas. He will report to Guillaume Cartier, chief performance officer (CPO). Most recently, he served as the CEO for Jeep and was a member of the Executive Committee at Stellantis. Meunier returns to Nissan with a wealth of marketing and sales experience from his previous leadership roles in Nissan US, Canada, Brazil, and global INFINITI.
Asako Hoshino, currently serving as Chief Brand & Customer Officer (CBCO) and Chairperson of the Management Committee for Japan/ASEAN, will retire from her role overseeing Japan/ASEAN operations. She will continue in her capacity as CBCO, where she will focus on enhancing brand and customer experience. Her efforts will be instrumental in ensuring that customer engagement and satisfaction strengthen Nissan’s brand presence in the market.
Shohei Yamazaki, currently serving as chairperson of the Management Committee for China, has been appointed as chairperson of the Management Committee for Japan/ASEAN. His experience in the highly competitive China market will bring valuable insights to the Japan/ASEAN role to help further strengthen Nissan’s presence in the region. In this capacity, he will report directly to CPO Cartier.
Commenting on the changes Nissan President and CEO Makoto Uchida said: “These leadership appointments will bring the necessary experience and urgency to the countermeasures we are taking to get the company back on track. With the support of our leadership team, we will carefully execute our turnaround actions to secure sustainable profits while focusing on future growth.”
The Town Hall of Calcutta threw opened its doors to the public on March 22, 1814. Since that day, the Roman Doric style two-storied building, which stands in a rectangular block with two porticos, supported by rows of pillars has remained witness to many important gatherings of historic importance. Fast forward 210 years to a wintry Sunday morning of December 1 and this grand edifice stood testament to yet a marquee heritage vehicle event – the flag off of the EIMG Vintage Fiesta 2024 – presented by Club De Golf.
Now in its fourth year, the EIMG Vintage Fiesta 2024 was organised by Eastern India Motoring Group (EIMG) – a community of serious heritage vehicle collectors from all across Eastern India – the line up for the EIMG Vintage Fiesta 2024 included as many as 60 rare heritage two and four wheelers which were selectively handpicked by EIMG Founder & President Shrivardhan Kanoria, himself a restorer and collector of national repute.
By 8.30 AM, the vehicles started to arrive and aided by the team of EIMG marshals led by Ms. Siddique Cowper, these vehicles were parked in a predetermined sequence in front of the majestic Town Hall. What a sight it was to behold with these horseless carriage basking in the winter sun.
Once the lining up of these heritage vehicles concluded, it was time for EIMGians to share some camaraderie, exchanging notes and valuable information about these ageless beauties, over a hot cuppa and some delicious packed breakfast arranged by fellow EIMGian Ajay Kejriwal.
There were several noteworthy heritage vehicles which participated in this vintage gala. Few worth mentioning were Shrivardhan Kanoria’s 1938 Rolls-Royce 25/30 Limousine and a 1948 Bentley Mark 6 owned by Azam Monem, both stunning cars making their Kolkata debut; a beautifully restored 1938 Rolls-Royce 25/30 Saloon owned by Tamalika Naha, Ananda Choudhury’s 1913 Stoewer (the oldest participating car and a huge crowd puller), SK Lahiri’s 1948 Plymouth Special Deluxe (formerly owned by legendary signer Hemanta Mukhopadhyay and fondly referred to as Nilu by its present owner), a very popular 1947 Chevrolet Fleetmaster owned by Saikat Dutta, Shubhajit Kumar’s 1963 Standard Herald, a 1956 Land Rover owned by Sumit Periwal, Kunal Banerji’s 1926 Studebaker Erskine, Debaprem Chatterji’s 1950 Austin A40, and a 1940 Triumph owned by Terrance Lobo. But the one that really stood out among the galaxy of heritage stars was Kanoria’s ultra rare 1934 SS1 Tourer. A real headturner!
Post a quick briefing session by the EIMG President and the group photograph, it was time for these heritage motors to be flagged off from Town Hall for the final destination – Club De Golf in the New Town. Imagine a convoy of 60 heritage vehicle driving down the majestic Red Road flanked by the Maidan on one side. It was a sight for the City of Joy to watch as these beauties elegantly rolled together towards New Town.
It is worth mentioning that on this day alone, each of these heritage vehicles clocked around 60-70 kilometres on their odometers (garage to garage) which is an incredibly great deal for these vehicles and a testimony for the superlative effort put in by the owners who have kept the fire burning in their hearts.
After reaching Club De Golf located inside the picturesque New Town Golf Club, the heritage vehicles were displayed for a vintage rendezvous with their Club members and visitors. A thanks giving ceremony followed where each of the owners were felicitated with a memento for upholding the legacy of heritage motoring. Present on this special occasion was Ms. Akansha Pandey, Owner – Club De Golf and Mr. Shrivardhan Kanoria, Founder & President – EIMG among few other dignitaries.
This was followed by a fascinating auto quiz which made all the EIMGians put on their thinking cap. It was brilliantly organized and proved to be a great learning experience for everyone present as many unknown trivia and facts about cars were revealed. The icing on the cake was the sumptuous cocktail brunch hosted by Club De Golf for all the members of EIMG.