The month of February saw a flurry of new developments and announcements from the Indian automotive industry. Whether it was the meager announcements in the Indian Budget for 2022 or the slew of new car launches that shook up the market, here’s a quick look at the top car news stories from this month.
The Budget focuses on infrastructure and EVs
The 2022 Budget presented by the Finance Minister, Nirmala Sitharaman, was focused on setting the blueprint for India’s growth for the next 25 years. With regard to the automotive industry, the government announced a focus on new battery swapping policies to make electric vehicles more affordable. Additionally, the government announced that it would expand the highway network by 25,000 km within 2022 and 2023.
Read More: Budget 2022: Highway Expansion & EV-friendly policies a major focus
Tata Nexon steals the show while Skoda, Nissan gains momentum
Sales figures for the first month of 2022 was sweet for some car makers and bitter for others. While Maruti Suzuki, Hyundai, and Honda experienced a drop in their sales from the previous month, Tata Motors, Skoda India, and Nissan gained significantly on the basis of their fresh launches. The Tata Nexon drove a significant portion of the sales for Tata Motors while the Skoda Kushaq and Nissan Magnite contributed to their respective manufacturers.
Read More: Car Sales: Maruti retains top spot in Jan; Skoda sales up 200%
Kia Carens launches at a competitive price
Kia India launched the Kia Carens at a very aggressive launch price of Rs. 8.99 lakh (ex-showroom). The new 7-seater MUV features the longest wheelbase in the segment, a useable third row, and comfort-focused features. As a value package, the Kia Carens is an extremely competitive car that is taking the fight to established 7-seater cars.
Read More: Kia launches 7-seater Kia Carens at ₹8.9 lakhs
Skoda Slavia breathes life to the sedan segment
It is no secret that SUVs have replaced mid-size sedans as the aspirational car of choice. However, this is a segment that a few car makers are not abandoning yet. Skoda India is one of them an February was dominated by headlines around the Skoda Slavia. The new Skoda Slavia brings a host of premium features and a pair of exciting engines at a competitive price point to take on the likes of Honda City and Maruti Suzuki Ciaz.
Read More: 2022 Skoda Slavia Launch on Feb 28; Price Reveal on March 3
The VW Polo ended production after 12 year run
The Volkswagen Polo enjoys cult status in India, offering a premium build quality, performance-focused handling and engines, and general accessibility for the masses. After a successful run of 12 years, Volkswagen ended production of the Polo and Vento due to reduced sales volumes and outdated portfolio. VW India will be focusing on the Taigun and Virtus to make up its sales figures going forward.
Read More: Volkswagen Polo Production To End Soon
Luxury segment sees new arrivals
February also saw growing activity from luxury car brands looking to capitalize on the growing appetite for premium and luxury cars in India. The month started with the launch of the Audi Q7, which was followed by the exciting Mini Cooper SE electric and the striking Lexus NX 350h hybrid SUV. The BMW X4 Coupe will carry the momentum with its launch expected in March.
