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Business Standard
10 hours ago
- Automotive
- Business Standard
Renault, Volkswagen, Skoda continue to struggle to boost sales in India
European mass market automotive brands Renault, Volkswagen, and Skoda continue to struggle to enhance presence in the Indian market, witnessing sales decline in the last three financial years, industry data showed. According to data by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in 2022-2023. Similarly, Skoda's sales in India in 2024-2025 were at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in 2022-2023. On the other hand, the Volkswagen brand posted sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had clocked sales of 41,263 units in 2022-2023. "Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told PTI. Explaining why these brands have struggled in India, he said, "Initially, these brands focused heavily on sedans -- Vento, Rapid, and Scala -- which limited their exposure to the fast-expanding SUV segment." Simultaneously, Bhatia said, "They were slower in refreshing product lines, with many models remaining unchanged over extended periods. Network reach has also remained narrow, particularly in Tier 2 and Tier 3 markets, restricting access to a broader audience." Adding to the woes of these brands is "India's unique tax structure, where sub-4-metre vehicles benefit from significantly lower levies". "This has favoured Japanese and Korean OEMs known for cost-effective compact cars. European brands, by contrast, traditionally build larger models and have struggled to deliver competitive offerings within this constraint," Bhatia noted. Under the current policy, passenger vehicles (petrol, CNG, LPG) up to 4 metres in length and up to 1200cc engine attract GST of 28 per cent and 1 per cent compensation cess. Passenger vehicles (diesel) up to 4 metres in length and up to 1500 cc engine is levied 28 per cent GST and 3 per cent compensation cess. Passenger vehicles of length above 4 metre and engine capacity 1500 cc attract 28 per cent GST and cess of 17 per cent, while those above 1500 cc engine size attract 28 per cent GST and cess of 17 per cent. On the other hand, passenger vehicles, popularly known as SUVs -- above 4 metres in length, above 1,500cc engine and more than 170 mm in ground clearance -- attract 28 per cent GST with 22 per cent compensation cess. Bhatia noted that while domestic OEMs like Tata and Mahindra lead by Japanese Maruti Suzuki have captured market share through high localisation, frequent product launches, and early adoption of alternative fuel engines including CNG, hybrids and BEVs, the European players have lagged in electric and hybrid offerings. However, he said, "There are signs of course correction. Skoda, for instance, recently launched the Kylaq, a subcompact SUV tailored for India." On the path forward for these European brands, he said it "may lie in leveraging India for exports and R&D while focusing on under-4-metre, cost-competitive platforms". With such realignments, sustainable growth is possible, he added.
Time of India
13 hours ago
- Automotive
- Time of India
European carmakers Renault, Volkswagen and Skoda struggle to boost sales in India
European mass market car manufacturers like Renault , Volkswagen and Skoda continue to find it hard to expand their presence in the India market, witnessing a decline in sales in the last three financial years, industry data showed. According to data released by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in 2022-2023. Skoda had a similar story with sales in 2024-2025 at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in 2022-2023. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Volkswagen reported sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had reported sales of 41,263 units in 2022-2023. "Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told PTI. Live Events Explaining why these brands have struggled in India, he said, "Initially, these brands focused heavily on sedans like Vento, Rapid, and Scala, which limited their exposure to the fast-expanding SUV segment." Bhatia added, "They were slower in refreshing product lines, with many models remaining unchanged over extended periods. Network reach has also remained narrow, particularly in Tier 2 and Tier 3 markets, restricting access to a broader audience." Adding to the woes of these brands is "India's unique tax structure, where sub-4-metre vehicles benefit from significantly lower levies". "This has favoured Japanese and Korean OEMs known for cost-effective compact cars. European brands, by contrast, traditionally build larger models and have struggled to deliver competitive offerings within this constraint," Bhatia noted. Under the current GST policy, passenger vehicles (petrol, CNG, LPG) up to 4 metres in length and up to 1200cc engine attract GST of 28 per cent and 1 per cent compensation cess. Passenger vehicles (diesel) up to 4 metres in length and up to 1500 cc engine is levied 28 per cent GST and 3 per cent compensation cess. Passenger vehicles of length above 4 metre and engine capacity 1500 cc attract 28 per cent GST and cess of 17 per cent, while those above 1500 cc engine size attract a similar rate of 28 per cent GST and cess of 17 per cent. On the contrary, passenger vehicles, popularly known as SUVs above 4 metres in length, above 1,500cc engine and more than 170 mm in ground clearance attract 28 per cent GST with 22 per cent compensation cess. Bhatia noted that while domestic OEMs like Tata, Mahindra and market leader Maruti Suzuki have captured market share through high localisation, frequent product launches, and early adoption of alternative fuel engines including CNG, hybrids and BEVs, the European players have lagged in electric and hybrid offerings. However, he said, "There are signs of course correction. Skoda, for instance, recently launched the Kylaq, a subcompact SUV tailored for India." On the path forward for these European brands, he said it "may lie in leveraging India for exports and R&D while focusing on under-4-metre, cost-competitive platforms".
Time of India
14 hours ago
- Automotive
- Time of India
European auto brands Renault, VW, Skoda continue to struggle to boost sales in India
European mass market automotive brands Renault, Volkswagen, and Skoda continue to struggle to enhance presence in the Indian market, witnessing sales decline in the last three financial years, industry data showed. According to data by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in 2022-2023. Similarly, Skoda's sales in India in 2024-2025 were at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in 2022-2023. On the other hand, the Volkswagen brand posted sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had clocked sales of 41,263 units in 2022-2023. "Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told PTI. Explaining why these brands have struggled in India, he said, "Initially, these brands focused heavily on sedans -- Vento, Rapid, and Scala -- which limited their exposure to the fast-expanding SUV segment." Simultaneously, Bhatia said, "They were slower in refreshing product lines, with many models remaining unchanged over extended periods. Network reach has also remained narrow, particularly in Tier 2 and Tier 3 markets, restricting access to a broader audience." Adding to the woes of these brands is "India's unique tax structure, where sub-4-metre vehicles benefit from significantly lower levies". "This has favoured Japanese and Korean OEMs known for cost-effective compact cars. European brands, by contrast, traditionally build larger models and have struggled to deliver competitive offerings within this constraint," Bhatia noted. Under the current policy, passenger vehicles (petrol, CNG, LPG) up to 4 metres in length and up to 1200cc engine attract GST of 28 per cent and 1 per cent compensation cess. Passenger vehicles (diesel) up to 4 metres in length and up to 1500 cc engine is levied 28 per cent GST and 3 per cent compensation cess. Passenger vehicles of length above 4 metre and engine capacity 1500 cc attract 28 per cent GST and cess of 17 per cent, while those above 1500 cc engine size attract 28 per cent GST and cess of 17 per cent. On the other hand, passenger vehicles, popularly known as SUVs -- above 4 metres in length, above 1,500cc engine and more than 170 mm in ground clearance -- attract 28 per cent GST with 22 per cent compensation cess. Bhatia noted that while domestic OEMs like Tata and Mahindra lead by Japanese Maruti Suzuki have captured market share through high localisation, frequent product launches, and early adoption of alternative fuel engines including CNG, hybrids and BEVs, the European players have lagged in electric and hybrid offerings. However, he said, "There are signs of course correction. Skoda, for instance, recently launched the Kylaq, a subcompact SUV tailored for India." On the path forward for these European brands, he said it "may lie in leveraging India for exports and R&D while focusing on under-4-metre, cost-competitive platforms". With such realignments, sustainable growth is possible, he added.>
New York Post
06-06-2025
- Business
- New York Post
David Ortiz is buying a condo in Miami
Mi casa es Casa Tua. Baseball Hall of Famer David Ortiz is buying a condo in Miami at Ora by Casa Tua, Gimme Shelter can reveal. This is the first branded residence tied to the public eatery and private — not to mention buzzy — members club. Casa Tua currently operates three public restaurants in Miami, New York and Aspen. Advertisement 6 David Ortiz. Getty Images 6 A rendering of the tower, which is slated for a 2029 opening. Fortune International Group & The Boundary 6 Residents, such as Ortiz, will have lovely units with wide views. Fortune International Group & The Boundary 6 The units will also have large living areas for lounging and evening entertaining. Fortune International Group & The Boundary Advertisement Ortiz — known as 'Big Papi' — even posed for a photo by the building's sales office with his broker, Fortune International Realty's Sheila Rosario Davey. She posted the image on Instagram last week to celebrate his pre-construction purchase. Ortiz spent 14 of his 20 seasons with the Boston Red Sox, and won three World Series — and the World Series MVP in 2013. He's buying a three-bedroom, three-bath dwelling at the downtown Miami development. At 2,297 square feet, the condo also features a study, a library and a 472-square-foot terrace. The sum that Ortiz is paying upon closing is not yet known. However, the price of a three-bedroom unit in the 77-story building ranges from $3.35 million to $3.75 million. Advertisement 6 Residents will also have two pools, this rendering showing a particularly serene oasis. Fortune International Group & The Boundary 6 The tower will have wide views and leafy touches when complete. Fortune International Group & The Boundary Homes there are slated to be delivered by the end of 2029. The building — nearly 1,000 feet tall — will also offer short-term rentals, and feature a three-story garden in the sky. Amenities also include a hammam-equipped gym, an entertainment center, social lounges a co-working lounge and two pools. The first pool will be on the 12th floor with loungers, cabanas and a Jacuzzi. There will also be a rooftop pool at Vento, the bar and lounge, with views of Brickell, Biscayne Bay and Coconut Grove. Advertisement For foodies, there will be four Casa Tua restaurant concepts. Along with Vento, there will also be Uva, Fuocco and Terra. The tower is developed by Fortune International Group in partnership with Casa Tua's founder Miky Grendene.
The Guardian
28-02-2025
- The Guardian
Family of woman killed by man with psychosis criticise English prison and policing ‘lapses'
The family of a woman killed by a man with psychosis have said she 'paid with her life for lapses in the English prison and policing system' after a coroner said failures by prison and police authorities contributed to the killing. In a damning verdict, the senior coroner for Dorset, Rachael Griffin, said Marta Elena Vento, 27, a Spanish national, was unlawfully killed by Stephen Cole in December 2020 while she was working as receptionist a Travelodge hotel in Bournemouth. In the summer and autumn of 2020, Cole had been on remand in Winchester prison for indecent exposure. He attacked two fellow inmates and two staff members, one of whom needed hospital treatment. He was assessed by prison psychiatrists, who judged he had psychosis or possible paranoid schizophrenia and was prescribed olanzapine, which stabilised him. The healthcare services were run at the prison by a private health provider, Practice Plus Group (PPG). Cole was unexpectedly released on 27 October 2020 with only a month's worth of the medication. After it ran out, he attacked two people at the accommodation where he was staying and was placed in the Travelodge where Vento worked by his family after he was evicted from another hotel where he had been placed by the housing authority. On 9 December, Cole punched, kicked and attacked Vento with hair clippers. The attack lasted for 42 minutes, in which Vento sustained 55 injuries. She later died. Recording a narrative verdict on Friday, Griffin said: 'Marta Elena Vento was unlawfully killed by another who, at the time of her death, was unmedicated for a diagnosed mental health illness because of a failure to sufficiently plan and ensure the continuity of his mental healthcare upon his release from prison six weeks prior to Martha's death, and because he was not adequately managed as a sex offender in line with national guidance on his release from prison.' After the hearing, Vento's family issued a statement. 'Today's conclusion confirms what we have suspected in the four long years since our dear Marta was torn from our lives,' it said. 'It is overwhelmingly hard for us to understand how the English prison health system could allow someone like Stephen Cole, who was so clearly unwell, to be released without a care plan and the ongoing medication he needed. 'It is equally hard for us to understand why the English police did not make themselves fully aware of the danger Cole posed when he stayed at the Travelodge on that night. 'Our daughter paid with her life for lapses in the English prison and policing systems. The cost to our family can never be measured. Without our Marta, our lives will never be the same.' In her concluding remarks, the coroner said that a discharge summary was not sent to Cole's GP upon his release from prison, nor was there a referral to the mental health team to continue his care. 'At this time, there was no integrated mental health policy in place within the healthcare department of the prison,' she said. 'There was a lack of comprehensive care planning infrastructure across prison healthcare nationally and the prison healthcare team were experiencing pressures arising from reduced staffing following the mobilisation of the healthcare contract at the prison and the impact of the unprecedented Covid-19 pandemic.' Griffin said Cole was given medication upon release from prison, but there was no 'continuity of the mental health care' and it soon ran out, leading to a relapse of psychosis. Dorset police's team dealing with violent and sexual offenders was responsible for managing Cole in the community, the inquest heard. Griffin recorded that there was 'incomplete information gathering to identify, assess and manage his risks in the community, and no Armss [at-risk mental state service] risk assessment was completed or management plan put into place in respect to the perpetrator prior to Marta's death'. The inquest previously heard that just before the attack, Cole told a police offender manager he was being spied on through the smoke alarms at the Travelodge and people were knocking on his window, though he was on the fourth floor. Also, shortly before, Cole's family arranged for him to see a GP to try to get more olanzapine but the doctor said he was not able to without details from those who had prescribed it. In 2021 Cole pleaded guilty to manslaughter by reason of diminished responsibility due to a psychotic episode and was given an indefinite hospital order.
