AstaGuru will showcase some of the world’s most coveted vintage and classic cars at its upcoming ‘Classics of Motoring’ auction, which will take place from 20 to 22 November 2024.

The auction will offer an exclusive collection of rare and meticulously curated vintage cars, providing a unique opportunity for collectors and automotive enthusiasts to acquire iconic pieces of automotive history.

The auction will feature an impressive lineup of vehicles, including a 1934 Rolls-Royce 20/25 Limousine, a 1946 Singer Nine Roadster, a 1946 Bentley Mark VI, a 1947 Lincoln Continental V12 Convertible and a 1948 Jaguar Mark IV, among others. These stunning machines, each a testament to the engineering marvels of their era, promise to transport bidders back in time, celebrating the golden age of motoring.

A Growing Market in India

AstaGuru’s Vintage and Classic Car Specialist, Muzammil Kazi, shared his insights on the evolution of the vintage car market in India. “We did our first auction in 2018, and it was a surprising success,” Kazi noted. “At the time, these cars weren’t available online or marketed in the way they are now. You’d have to go to a dealer or connect with a seller directly, which made it hard to find these rare cars. But our first auction was a hit, with all lots selling successfully.”

The vintage car market in India, according to Kazi, is far from saturated. “The market is 100 percent growing. These cars were imported to India in limited quantities, and you wouldn’t find brands like Ford or General Motors here in the same way as abroad. Cars like the Fiat, Ambassador, or old Maruti SS80 were more common, but the rare vintage gems we are showcasing today are difficult to find.”

Kazi also emphasised that the scarcity of such cars means the market still has significant potential for growth. “The cars we have on display today are curated from various collectors across India, and it’s very rare to see them come together in one auction,” he explained.

Safeguarding Online Bidders

AstaGuru’s online auction platform also ensures that bidders are fully protected throughout the process. “We have a strong set of terms and conditions for the cars we sell,” Kazi explained. “We only auction cars with up-to-date paperwork and in proper running condition. Once a car is sold, we ensure the buyer receives it only after the seller submits a No Objection Certificate (NOC), making the transaction smooth and secure.”

Record-Breaking Bids

The auction has seen some impressive bids in the past. Kazi highlighted one of the highest bids to date: a Mercedes-Benz 111 230S, which was estimated at INR 2.1 million but eventually sold for INR 6.8 million. Another standout was a Rolls-Royce, which had an estimated value of INR 7-8 million but sold for a remarkable INR 18 million.

A Rare Opportunity for Collectors

For classic car enthusiasts and connoisseurs, the ‘Classics of Motoring’ auction represents an unmissable opportunity to acquire some of the rarest and most beautifully restored vehicles in the world. With its rich history and pedigree, each car in the auction is a testament to the artistry and engineering excellence that defined its era. Whether a seasoned collector or a newcomer to the world of vintage automobiles, this event promises a truly memorable experience for all involved.

As the vintage car market continues to grow in India, AstaGuru is setting the stage for an exciting future for collectors and car lovers alike. The ‘Classics of Motoring’ auction is expected to draw attention from around the world, offering a rare chance to own a piece of automotive history.

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Czech automaker Skoda Auto has announced a significant milestone as the five millionth Fabia rolled off the production line at its main plant in Mlada Boleslav. This achievement the company shared underscores the enduring popularity and crucial role of the affordable entry-level model, standing alongside the Octavia as a key pillar of the brand since 1999.

The first-generation Fabia, built on a completely new Volkswagen Group platform, quickly established itself as a leader in its segment, offering exceptional space, practicality and value for money, coupled with Skoda's signature ‘Simply Clever’ features.

The current, fourth-generation Fabia continues this legacy with modern, fuel-efficient combustion engines and advanced safety systems. Demonstrating its sustained importance to Skoda's strategy, the company has confirmed that production of the popular hatchback will continue beyond 2030.

Andreas Dick, Skoda Auto Board Member for Production and Logistics, said, “Reaching the milestone of five million Skoda Fabia vehicles is truly an exceptional achievement – both for our production team and for the company as a whole. First introduced in 1999 as the second entirely new model developed under the umbrella of the Volkswagen Group, the Fabia quickly became a symbol of the brand and a cornerstone of our line-up. As Skoda’s entry-level model, it remains to this day synonymous with high-quality cars ‘Made in the Czech Republic’. Given the continued success of the current fourth generation – a practical, efficient vehicle packed with modern technology and a wide range of safety features – we will continue producing the Fabia beyond 2030.”

The Skoda Fabia has consistently ranked among the brand's top-selling models. In 2024 alone, it was Skoda’s third most popular vehicle globally, with 117,100 units delivered. The original Fabia, unveiled at the 1999 Frankfurt Motor Show as the successor to the Felicia, was built on an entirely new platform and offered a diverse range of engines, transmissions and body styles. Over the years, it has been instrumental in expanding Skoda's presence across European markets.

Beyond its commercial success, the Fabia name has become deeply ingrained in motorsport history. The Fabia Rally2, Fabia Rally2 evo, and the current Skoda Fabia RS Rally2 are celebrated as some of the most successful rally cars in their respective categories.

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Hyundai Motor India, one of the leading passenger vehicles manufacturers in the country, has announced its financial results for FY2025.

The company reported revenue of INR 691 billion for FY2025, which was flat as compared to INR 698 billion last year. The EBITDA came at INR 89.53 billion, down 2 percent as compared to INR 91.32 billion last year. The profit after tax  came at INR 56 billion, down 7 percent YoY.

For Q4 FY2025, the revenue grew by 2 percent at INR 179 billion, as against INR 176 billion last year. The EBITDA was flat at INR 25.32 billion, as compared to INR 25.21 billion for the same period last year, while EBITDA came at 14.1 percent and net profit at INR 16.14 billion, down 4 percent YoY.

The company stated that despite a turbulent market situation, it was able to sustain growth with SUVs now contributing almost 68.5 percent of its total sales across urban and rural markets. The Hyundai Creta continued to hold over 30 percent market share in the mid-size segment.

Unsoo Kim, Managing Director, Hyundai Motor India, said, “FY2025 business performance demonstrates our ability to navigate the tides by responding quickly to the ever-changing customer aspirations. Launch of products like Creta Electric and Alcazar FL along with seamless product refreshments across segments helped us in maintaining our competitive edge. Hyundai’s strong brand presence in key global emerging markets enabled us to endure headwinds and sustain export volumes during the year. The year gone by signifies our resilience in the financial performance by way of sustained revenues and healthy operating margins attributable to improved realisation and cost control measures.”

Amidst macroeconomic headwinds, the automaker stated its domestic strategy centered around premiumisation and the surging popularity of SUVs. The company’s focus on advanced safety and comfort features, like ADAS and sunroofs, is part of its ongoing effort to meet evolving consumer aspirations.

On the exports front, Kim stated that “We aspire to become Hyundai’s largest export hub outside South Korea. For FY2026, we anticipate the growth in export volumes to be around 7 to 8 percent, supported by robust demand for our products in the emerging markets.”

As part of its long-term strategy, Hyundai Motor India is investing in expanding manufacturing capacity and preparing for the future of mobility. “FY2026 will mark a significant milestone in our growth journey, with the commencement of our third plant at Talegaon. Designed with flexibility at its core, the facility will be capable of producing both internal combustion engine (ICE) and electric vehicles, enabling us to respond dynamically to market demand.”

“We also intend to deepen our localized supplier network by adopting an indigenisation strategy at the Pune plant, further reinforcing our ‘Make in India’ vision,” said Kim.

The company has also outlined an aggressive roadmap with 26 product launches planned by FY2030 – including 20 ICE, 6 EVs and new hybrid technologies.

On the other hand, he mentioned a cautious, optimistic outlook for domestic demand in near term amid prevailing macro-turbulences and weakening customer sentiments.

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Citroen India, part of Europe’s Stellantis brand, has introduced CNG retrofit kit for the Citroen C3 hatchback in the country.

The C3 CNG will now be available across Citroen dealerships with a certified retrofitment programme at INR 93,000, which will enable customers to lower the vehicle running costs and emissions, while still benefitting from C3’s signature comfort, performance and design.

The factory-tested CNG kit offers a claimed mileage of up to 28.1 km per kg and a running cost of INR 2.66 per km. It is engineered exclusively for Citroen C3 1.2 NA variants (Live, Feel, Feel (O) & Shine) and comes with a 3-year/100,000 km vehicle warranty.

Citroen states that the CNG system is integrated without compromising the boot space, and the spare wheel remains accessible. The CNG nozzle also gets integrated within the petrol filler port, ensuring ease of access during refueling.

Kumar Priyesh, Business Head & Director - Automotive Brands, Stellantis India, said, “We are pleased to introduce the CNG retrofitment option for the Citroen C3, reinforcing our commitment to provide accessible, economical, and eco-conscious mobility solutions. This initiative will enable our customers to experience Citroen comfort and design while benefitting from the cost-efficiency and environmental advantages of CNG. As CNG infrastructure rapidly expands across India – with more than 7,400 stations expected nationwide by FY2025 – Citroen India is proud to offer solutions aligned with the country's evolving fuel ecosystem and environmental goals.”

Shishir Mishra, Business Head & Director - Strategic Partnerships & Institutional Business, Stellantis India, added, “The CNG-enabled C3 is a strategic step forward for institutional customers, especially fleet operators, ride-share drivers, and last-mile mobility providers who value operational savings without compromising on quality and reliability. With Citroën’s comfort DNA and dual fuel flexibility, this variant is tailor-made for high-usage applications.”

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Japanese automaker Nissan Motor Co., Ltd. has announced its aggressive recovery strategy ‘Re:Nissan’, which aims for JPY 500 billion in total cost savings and a return to profitability by fiscal year 2026. The plan, led by new management, includes a sharp focus on cost reduction, manufacturing efficiency and a redefined global product and market strategy.

The urgency of the Re:Nissan plan follows a difficult fiscal year 2024, in which global sales stagnated at 3.346 million units amid intense competition. Consolidated net revenue stood at JPY 12.63 trillion, while operating profit plunged to JPY 69.8 billion – an operating margin of just 0.6 percent. The company reported a net loss of JPY 670.9 billion, with both free cash flow and operating profit in the automotive business turning negative. Compared to FY2023, operating profit dropped by JPY 498.9 billion, underscoring the scale of the turnaround challenge.

Going forward, the company is targeting JPY 250 billion in variable cost reductions through engineering efficiencies and supplier consolidation, alongside another JPY 250 billion in fixed cost cuts by FY2026.

Nissan will reduce its global vehicle plants from 17 to 10 by FY2027, along with cancelling a planned LFP battery plant in Kyushu and streamline powertrain operations.

The automaker also plans to cut 20,000 jobs globally by FY2027, including 9,000 already announced, covering manufacturing, R&D and SG&A functions.

By cutting parts complexity by 70 percent and halving vehicle platforms to 7 by 2035, Nissan aims to slash development lead times. Upcoming models include the all-new Skyline and INFINITI compact SUV.

Nissan will focus on key markets – U.S., Japan, China, Europe, Middle East and Mexico – with localised product approaches. For instance, in the U.S., the company will expand its hybrid lineup and refresh the INFINITI brand.

The Japanese automaker will also deepen alliances with Renault and Mitsubishi Motors and pursue ongoing collaboration with Honda Motor Co in electrification and vehicle intelligence.

Ivan Espinosa, CEO, Nissan Motor Co, said, "In the face of challenging FY24 performance and rising variable costs, compounded by an uncertain environment, we must prioritise self-improvement with greater urgency and speed, aiming for profitability that relies less on volume. As new management, we are taking a prudent approach to reassess our targets and actively seek every possible opportunity to implement and ensure a robust recovery. Re:Nissan is an action-based recovery plan clearly outlines what we need to do now. All employees are committed to working together as a team to implement this plan, with the goal of returning to profitability by fiscal year 2026.”

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