- Vehicle prices are likely to increase from July 1, as the
excise cut on automobiles announced by the previous government to spur demand
is expiring on June 30.It is likely that the government will return to the
previous excise duty structure. That will increase the price of utility
vehicles by as much as 6% and cars and bikes by 4.5-5.0%.
- Japanese car major Nissan might be planning to introduce
more SUVs in India. Nissan introduced the Terrano (a rebadged Renault Duster)
last year and has tasted some success selling the SUV.
- Tata Motors has silently launched the 4×4 variant of the
Xenon commercial pickup truck in the country as updated by our reader Tushar
and has priced it at Rs. 7.93 lakhs (on-road, Pune). The pickup is a blander
looking version of the Xenon XT and gets clean lines with a simplistic front
grille. You do get body coloured front and rear bumpers as well as wheel
covers. The loading bay uses an all steel load body for a stylish look and to
haul heavy weights with ease. The double cab variant of the Xenon 4×4 pickup is
available in the luxury trim option that comes with decent features on offer.
- Telangana and Andhra Pradesh are locked in a tug of war to
lure the country's largest two-wheeler maker Hero MotoCorp into setting up its new plant in their state.
The company that sold 6 million vehicles last year is looking at investing in
South India.
- Europe' s top carmaker Volkswagen group has scaled down its India market share
target to 7-8 per cent by 2018 against the 20 per cent projected earlier as it
struggles to make headway in the highly-competitive market dominated by
heavyweights like Maruti Suzuki and Hyundai.
- Mahindra & Mahindra recently established its North
American Technical Centre (MNATC) in Troy, Michigan, the US, to tap
the region’s rich automotive talent pool.Talking to Financial Express, Dr.
Pawan Goenka, Executive Director and President, automotive sector, M&M,
said that the European R&D operations are on hold but the US Technical
Center would develop an all new global UV (which Financial Express learns is an
MPV) to go on sale in 2017 starting from India.
- Six Slovenian state-owned firms and banks sold 54 percent of
car parts maker Letrika to Austrian rival Mahle Holding Austria GmbH,
state-owned company SDH, which coordinated the sale, said on Friday."We
received two bids for the company and Mahle offered the best price, that is
67.1 euro per share. The consortium of sellers decided to accept the
offer," SDH said in a statement.
- It isn't just the industry lobby groups but even government
departments are pitching for continuing the excise duty concession for key
consumer sectors such as automobiles and white goods to spur demand and boost
sluggish industrial activity.
- Tablets, GPS systems, electronic billing on autos help customers. "Cars
have all the latest technology updates whereas autos don't have such facility
& that's why we wanted to bring this system into autos. After work, drivers
can use the tablets for own use" Mansoor Ali Khan Chairman, Makkal Auto. Autorickshaw
drivers of Chennai have gained notoriety for being pushy and rude. But of late,
entrepreneurs are trying to give the trade an image makeover by using
technology to offer b etter services to passengers.
Image from indianautoblogs.com
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