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Maini Group announces the launch of ‘TOMCAR’ in India
The Maini Group, promoters and pioneers of India’s first electric car Reva, today announced the launch of TOMCAR in India. The TOMCAR is a military grade, high-performance all terrain vehicle original
CarDekho.com turns 4, comes out with a facelift
CarDekho.com, the No. 1 auto portal in India has completed four successful years since its inception in 2008. On the occasion, the company has launched a new and refreshing User Interface. As CarDekho
Excise duty hike applicable only on dispatches post union budget, old stock cars available at pre-budget prices
The car makers in India have announced that the new increased prices will be applied only on the shipments that reach the dealerships after March 16. With this news, there is still a possibility that
Budget Blues hit Indian auto segment
The Union Budget 2012-13 did not come as good news for the Indian auto industry. This industry makes substantial contribution to the economy of the country, and now with the unfavorable decisions the
Courtesy revised cess,sedans and SUVs to cost more
Budget 2012-13 bowls over car lovers’ expectations by pulling up the excise duty on all vehicles. The imported vehicles would be the ones bearing the maximum burden from this hike as the government ha
Maruti, Honda, M&M & Tata hike car prices in response to Union Budget 2012-13
The Union Budget 2012-13 has left a sore feeling among the Indian auto makers by increasing the standard rate of excise duty by 2 percent. The major car-makers of the country like Maruti Suzuki, Mahin
Small cars to get pricier as government bumps up overall excise duty by 2%
Indian car market is definitely dominated by the small cars and with the arrival of Union Budget 2012-13; this domination might just trickle a little. Along with the executive sedans, large cars and o
Government slaps 2% extra tax on large cars, no additional tax on diesel cars
Pranab Mukherjee, the finance minister of the country after all managed to hit the already struggling passenger car industry. The government has increased the excise duty by 2 percent which will be pa
Auto sector despises higher tax on diesel cars in the 2012 Union Budget
The speculations regarding the higher tax on diesel cars have made the auto industry to lash out on the Indian government while it prepares to cut duties on the ones being imported from Europe. Also d
Car sales in India hit the vertex in Feb 2012
February 2012 saw the biggest surge in the car sales and monthly industrial production. Amidst India’s economic slide, this increase in numbers has definitely brought in a ray of optimism and has also
SIAM summary report for the period of April-February 2012
The cumulative production data for April-February 2012 shows overall production growth of 14.56 percent over same period last year. Production in February 2012 registered growth of 14.62 percent as co
Diesel carmakers in a fix due to uncertainty over tax policy
The Indian car market is in a fix because there is no clear news about the possible change that could come in the diesel tax policy. Thus diesel car manufacturers have been forced to put a halt on the
Geneva Motor Show to witness 140 new cars
Geneva Motor Show is set to begin from March 8 2012. According to the organizers of the show, this time around 140 new cars will appear at the show. About 7000,000 visitors are expected to visit Genev
Raymond’s auto components business acquires Trinity India
Ring Plus Aqua, the auto components business arm of Raymond Limited has announced the acquisition of Trinity India Ltd., a Pune-based Forged component manufacturer. This marks Ring Plus Aqua’s entry i
Amid falling sales SUV segment sees surge in demand
We have been talking about the sagging sales in the Indian car market for quite some time now, but it seems things are different in the SUV segment. Amid the continual dipping sales, the SUV segment i
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