twinklejain's blog

New Delhi, April 1, 2016: Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, recorded annual domestic sales of 192,059 units during FY 2015 – 16 recording 2% growth over last financial year. The company had sold 189,062 units during FY 2014 – 15.

Toyota Kirloskar Motors (TKM) is all set to launch it’s tried and tested modern formula with the traditional body-on-frame chassis. The use of the suffix Crysta and a more dramatic look is about to boggle the mind of Innova fans. Crysta is more of an evolution than a revolution. Innova Crysta, being an offspring, is packed up with features. Let us explore the extreme makeover of the 10 year old Innova.

The Luxury car fest is all set to make its debut in India. India is on the path or becoming the 3^rd largest automobile country globally and these luxury brands don’t want to miss this opportunity.

The Luxury Festival will make its debut in the National capital, New Delhi on the 1^st of April this year.
The three-day exhibition has been jointly organised by Quintessentially Lifestyle Services India and GroupM (a WPP Company) with Confederation of Indian Industry (CII) as the Trade Partner. 

Leading European car maker, Volkswagen plans to launch out a multicity premier of all the upcoming cars that it showcased at the Delhi auto expo 2016. The company plans to carry out this tour in the city of Mumbai, Bangalore & Pune.

This kind of campaign would allow people to have a closer look at these cars and give them a first-hand experience. Safety, best quality, technological up gradation and superior up gradation. Cars that are to be showcased include India Ameo, the GTI, Tiguan, Passat GTE and the recently launched 21st Century Beetle.

Kia Motors, that sells cars in Europe, US, Korea and the very new China is all set to mull over various opportunities that it may grab by coming to India. Kia has been selling cars like ‘Sportage’ (a compact SUV), ‘Soul’ (crossover) & ‘Rio’ (hatchback).

Kia motors is carrying out the preliminary work of identifying land for production house and looking for suppliers. Kia sold out 3 million cars the previous year and plans to expand its growth by coming to India as the country thrives on being the 3rd largest car market globally by 2020.

Yes, you read it right. Soon you may be able to buy your car for free. The government is working on a scheme to provide Electric cars on zero down payments. The main aim of the scheme is to turn India a 100% electric vehicle nation by 2030.

Power minister Piyush Goyal stated, "India can become the first country of its size which will run 100 percent of electric vehicles. We are trying to make this programme self-financing. We don't need one rupee support from the government. We don't need one rupee investment from the people of India."

Mahindra is all set to let out its new and modern SUV – The Mahindra NuvoSport. To be launched on 4th April, this 4-meter long vehicle is a facelifted Quanto. Looks like NuvoSport is the company’s rescue system for the not so impressive Quanto. Quanto, when launched, showed a very unimpressive sale.

The NuvoSport is a vehicle moderately backed up with features and style.

Exterior

When the covers were pulled off the XUV Aero in the auto expo, something took the breath away and the reason was this SUV cum sports car. Mahindra takes it to be the brands first of its kind.

Clearly Mahindra does not know much about sports cars but it we go by the design of XUV Aero then Mahindra surely knows what it is doing.

Indian carmaker Mahindra has showed its potential by dabbling with the new concept and should be appreciated for it. No doubt this time Mahindra does it with perfection.

The Japanese automobile company, Toyota announced to provide Automatic Braking System in all its vehicle by 2017. Toyota makes this move to speed up on the pledge from most automakers to provide automatic braking by 2022.

Car loans to get cheaper regardless of whether Raghuram Rajan cuts interest rate or not. The revised rates will lower the amount one earns on deposits and make car loans cheaper.

Cut in small saving rates will bring down the bank deposit rates. Lenders should wait for the monitory policy review, due on 5^th April. RBI is expected to cut the bank interest rates by at least 25 bps.
Last Friday, the government reduced the interest rate on various schemes by 60 – 130 bps.