Premium car makers facing a slowdown in demand for the first time in India are offering a range of goodies from free insurance and maintenance, attractive interest rates to free petrol to lure customers.
HT reports.
It's not only cash that paysIndian tax officials have opened up a new front in their battle to increase revenue collected from companies, targeting manufacturing firms that slash prices below cost in order to sell slow-moving inventory.
India's annual car sales fell for the first time in a decade in the financial year just ended and are expected to post subdued growth this year, calling into question bullish expectations that fuelled billion-dollar bets from global manufacturers.
Car sales in India are forecast to grow between 3% and 5% in the current financial year, an industry body said today, following the first drop in sales in a decade in 2012/13.
A new trend is fast catching on in the domestic automobile industry and befuddling industry experts. Small cars are no longer the toast of the town, and it is bigger, more expensive (and often diesel) vehicles that are making up the numbers.
Sumant Banerji reports.
Utiliyu matters
A team of engineering students from the UAE have designed a car that could potentially travel up to 1,000km on just one litre of fuel. The lightweight vehicle — which has been named Eco-Dubai 1 — is in its final stage of construction.
South Korea’s largest automaker Hyundai Motor and its affiliate Kia Motors planned to recall over 2 million vehicles in South Korea and the US for stop-lamp defects, the company said today.
Mahindra e2o The old niggles are gone, and the car finally looks like a car. But at nearly double the cost of a small car, is it value for money?
German luxury car maker Audi said today it has launched Audi R8 V10 plus at
Rs. 2.05 crore onwards (ex-showroom, Maharashtra).
Japanese automaker Honda said today it was recalling 145,573 vehicles due to a fault that caused oil to leak onto some cars' exhaust pipes.
Heavy industries and public enterprises minister Praful Patel today favoured vehicles priced below
Rs. 10 lakh being exempted from the 'SUV-tax' announced in this year's Budget.
Tata Motors today reported 27.59% decline in its total vehicle sales at 72,712 units for March 2013.
The country's largest car maker Maruti Suzuki India today launched an all new version of its mid-size sedan SX4, with price remaining unchanged in the range of
Rs. 7.38-9.79 lakh (ex-showroom Delhi) for both its petrol and diesel versions.
Royal Enfield, maker of the iconic Bullet motorcycle, is learned to be contemplating a 250-cc motorcycle for the Indian market. The bike, which sources say is in the early stages of development, may go on sale some time next year, writes
Rachit Vats.
The winter sale may have ended, but for car buyers, this may be the best time to hunt for a bargain. Sumant Banerji reports. The cut-price caravan