Nearly 30 new car, 20 two-wheeler launches lined up till March 2020

Passenger vehicle and two-wheeler sales in the country have been bleak in the past few months, despite inquiries being good, due to poor consumer sentiment. To create excitement among consumers, especially during festivals, car manufacturers have lined up around 25-30 launches and two-wheeler makers have lined up another 20 between August 2019 and March 2020. The new launches include electric and hybrid vehicles.

Some of them include Maruti Suzuki Ertiga Cross and S-Presso, Hyundai New Grand i10, Tucson Facelift and Hyundai New Elite i20. Honda would be launching Honda HR-V and New City, while Tata would introduce the Buzzard and Altroz. Skoda expects to launch Karoq, and Renault to launch Renault Triber and Kwid Facelift.

Original equipment manufacturers are also betting on electric cars. Of the total new launches, six would be in the electric vehicle space. These include one from Tata, along with the Mahindra e20 NXT, Mahindra eKUV100, Nissan Leaf, MG eZ, Audi e-tron (first luxury SUV at around Rs.1.5 crore) and Jaguar I Pace.

At present, Tata (Tigor EV), Mahindra (E-Verito and E20 Plus) and Hyundai (Kona) are in the market. The prices start from Rs.8.24 lakh (E20) and go up to Rs.25.30 lakh (Kona).

As battery prices, which account for around 50 per cent of an EV's cost, are coming down by 15 per cent year on year, and, on the other hand, internal combustion engine product prices are going up due to regulatory norms, manufacturers are optimistic that EVs will attract customers. The government has also announced various incentives, including tax deduction and reducing goods and services tax, for EVs to attract customers.

Nearly 20 two-wheelers, including one hybrid and two electric products, are expected to hit the roads and they are mostly in the budget and premium categories. Almost seven of these launches would be scooters.

Upcoming launches include the Honda CBR300R, Honda PCX 125, Honda Activa 125 Fi, Bajaj Pulsar 125, KTM 1050 Adventure, Bajaj Pulsar 180NS, Bajaj Urbanite, Hero Hastur, Hero Leap Hybrid SES, Suzuki, TVS Zeppelin and TVS Creon. Of these, TVS Creon and Bajaj Urbanite are electric vehicles.

Suzuki has launched the upgraded Gixxer motorcycle and the brand new Gixxer 250. It will also be adding a naked variant in the coming days.

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