Tag Archives: Are

Here’s how Fintechs are helping used car firms to boost sales

Droom Technology, the online transactional platform for automobiles, recently acquired Delhi-based non-banking financing company, Xeraphin Finvest, for an estimated USD 3 – 3.5 million. The online auto services provider is expanding its fintech business under Droom Credit Business Unit to drive auto loan disbursals and insurance for purchase of preowned vehicles and facilitate dealer financing options. In contrast to declining ... Read More »

Financial goals are changing: Do you really know the future expenses you need to save for?

It will be remembered as the decade when the Indian middle class threw caution to the winds and turned aspirational with a vengeance. Between 2009 and 2019, the share of discretionary expenses in a household’s monthly outgo shot up from 10-20 percent to 25-60 percent, according to financial planners. Saving for a child’s marriage made way for saving for an ... Read More »

We are looking beyond aluminium to create a company of the future: Nalco Chairman

National Aluminium Company Ltd (Nalco) is taking steps to secure a future beyond aluminium. In an interview to ET, the company’s chairman, TK Chand, said a special business vertical has been created to look for lithium reserves that the company can acquire. NalcoNSE 1.28 % is also venturing into production of high-end alloys for space vehicles and electric cars and will take up merchant ... Read More »

Why online brands are going offline to tap fast-growing used car market

In India for every new car sold, there are 1.3 to 1.5 used cars sold. The ratio in US is around 2.5. Armed with $110 million funding received in January, Girnar Software-owned CarDekho is building a network of 200 used car dealerships across the country. It has already set up 31 stores altogether in Delhi-NCR, Bengaluru and Jaipur. Four new ... Read More »

Budget 2019 shows govt wants you to buy electric cars and here are the five best ones coming soon to India

The 2019 Budget showed us that the government is all fired up about transforming India into a global EV manufacturing centre. Who could have imagined Finance Minister Nirmala Sitharaman announcing an additional tax benefit of Rs 1.5 lakh on the interest paid on loans taken for the purchase of electric vehicles (EVs)? But yes, this has happened. Besides, the government is also ... Read More »

Ohio dealer’s car shows are ‘where it’s at’

Maxton’s event attracts hundreds of vehicles — just Chevys, please — and potential customers. The undertaking begins early on a Friday morning. Jeff Mauk and roughly a dozen employees at Jack Maxton Chevrolet in suburban Columbus, Ohio, begin clearing their entire lot of hundreds of vehicles, moving them from positions of prime real estate to another lot behind the dealership. ... Read More »

Are Auto Shows a thing of the past?

The Auto Show circuit kicked off, as always, with the 2019 Detroit International Auto Show. which for the first time in decades, it was missing … The Auto Show circuit kicked off, as always, with the 2019 Detroit International Auto Show. which for the first time in decades, it was missing some big names. Audi, BMW, Mercedes, Volvo, Porsche, Jaguar ... Read More »

These Are The Best Year-End Deals On New Cars, Trucks And SUVs

The big and burly Nissan Titan pickup truck is being offered with the largest cash rebate among our 20 best year-end new-vehicle deals. (AP Photo/Mark Lennihan) The days just ahead are traditionally among the best of the year in which to go car shopping. The week between Christmas and New Year’s Day in particular is the period in which car shoppers ... Read More »

Top 15 used car models that people are buying right now

The used car market in India has become larger than the new car market. Photo: Hemant Mishra/Mint Planning to buy a car? Whether you are buying a new or a used car, this listing of the top used cars in demand across India is going to be useful. For new car buyers, it helps to zero in on a brand ... Read More »

These cars are incredibly blissful to drive: From Maruti Baleno to Hyundai Creta

What do owners want from their cars? While most car buyers prefer parameters like fuel economy, cabin space or long term reliability, there is a small, but evolving group of buyers that is looking at cars that are enjoyable to drive. And by the term ‘enjoyable’, I am not referring to performance alone. I am talking about cars that put ... Read More »