Tag Archives: Car

BMW to build new car factory in Debrecen, Hungary

Reuters quoted BMW as saying that it is investing EUR 1 billion in a new car factory in Debrecen, Hungary capable of building electric cars. The plant will have a production capacity of 150,000 cars a year and be able to make both electric and combustion engined vehicles. BMW said it will help the carmaker to expand its manufacturing capacity ... Read More »

New car launches in August

Ahead of the festive season, car sales in the country are usually slack. To tackle this, a majority of car manufacturers offer a range of discounts on the existing models. However, two manufacturers, taking a different approach, are expected to launch new models this month namely the New Maruti Suzuki Ciaz and the Jeep Wrangler. Read below to find out what these new ... Read More »

Plans to buy a new car? CarPal helps you with everything!

Karnataka : Bengaluru : 07/11/2017 : A Scene after the rain in Bengaluru on November 07, 2017. Photo : Sudhakara Jain.   | Photo Credit: Sudhakara Jain For all things needed to purchase a new car, CarPal is emerging as a go-to destination Remember the time you bought a new car only to find you didn’t know how to wedge it ... Read More »

New car, bike buyers will have to shell out more from Sept 1

A recent ruling by a Supreme Court bench headed by Justice MB Lokur and Deepak Gupta has mandated third-party insurance for four and two-wheeler vehicles from September 1 for a term of 3 and 5 years respectively. The Supreme Court had earlier appointed a committee, headed by a former Supreme Court Judge Justice KS Radhakrishnan, to suggest measures on road ... Read More »

BMW TO INVEST €1 BILLION IN A NEW CAR FACTORY IN EASTERN HUNGARY

BMW said it is investing 1 billion euros ($1.17 bln) in a new car factory in eastern Hungary, a project that could contribute to the country’s growth and strengthen its position as a centre for premium car manufacturing in the region. BMW. The new plant, to be built near the city of Debrecen about 230 kilometres east of Budapest, will ... Read More »

Online Used Car Marketplace Cars24 Raises $49.7 Mn

• The funding has been raised from Sequoia Capital India, Kingsway FCI Fund, and KCK Global • The startup’s valuation is expected to be $250 Mn • Cars24 currently has more than 50 branches across 10 major cities in India Gurugram-based online used car marketplace Cars24 raised $49.7 Mn (INR 340 Cr) from Sequoia Capital India, with the participation of some existing ... Read More »

A year after GST rollout, used car sales rebound in Q1 on lower base

The pre-owned car market has been subdued since November 2016, when the government demonetized high-value notes. Photo: Shankar Mourya/HT New Delhi: A year after implementation of the nationwide goods and services tax (GST), the organized used or pre-owned car sales market has started to recover albeit at a slow pace as the taxes imposed on such vehicles are still higher compared ... Read More »

Auto sales zoom in June, aided by new car launches, low base due to GST

Passenger car market leader Maruti Suzuki’s domestic sales (excluding vans, commercial vehicles) rose 45.32% last month. Photo: Reuters Mumbai: Automobile sales that grew in May picked up further speed in June, aided by new model launches and the low base of the previous year. India’s top five carmakers, Maruti Suzuki India Ltd, Hyundai Motor India Ltd, Tata Motors Ltd, Mahindra and ... Read More »

New Tata car to rival Hyundai i20, Maruti Baleno – Launch by Diwali 2019

Yet in early stages of test, the Tata 45X premium hatchback made global debut at the 2018 Auto Expo. It is expected to launch sometime later next year, just ahead of the festive season. The new Tata car is exclusively being readied to rival the likes of Maruti Baleno and Hyundai i20. These two cars alone, manage to register sales ... Read More »

The future of car repair

Consumer Reports recently made news when it recommended Tesla’s new Model 3 only after the automaker fixed a braking problem that CR discovered during its rigorous testing. In what could be an automotive first, Tesla fixed the problem through what’s called an over-the-air update. Owners didn’t have to take their cars to a dealership for the fix. Could this be ... Read More »