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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 »

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 »

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 »

Howes: Creative opportunities abound in Detroit as carmakers ditch auto shows

If auto shows are a thing of the past, what’s next for the annual North American International Auto Show in Detroit? CREDIT NATHANAL PHOTOGRAPHY / FLICKR – HTTP://BIT.LY/1XMSZCG After nearly 30 years, big changes are in the wind for the North American International Auto Show. Daniel Howes, Detroit News business columnist, says that it’s crucial for the organizers of the show, the ... 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 »

A Major Electric SUV Push is Coming in the Next Few Years

Tesla started the electric craze with the Model S sedan. After the release of the all-electric luxury sedan, automakers have had to play catch up to try to compete with the electric automaker’s vehicles. There’s one segment of the industry that no one’s really cornered yet, and that combines the nation’s love affair with crossovers/SUVs and electric cars.  As Green Car ... Read More »

Will Autonomous Cars Cause More Traffic in Urban Areas?

Automakers and technology companies claim that there are a lot of upsides to autonomous vehicles. Reducing traffic is one those things that makes self-driving vehicles so attractive. Previous research has proven that even one autonomous vehicle can reduce the amount of traffic, but current research proves that the opposite could be true.  Last May, researchers from the University of Illinois published ... Read More »

Ford BEATS Renault in India: Here’s why

Ford India has posted a sales growth of 37.3% in the month of June 2018 on a YoY basis. Last month, the manufacturer sold as many as 8,444 units, which is much more than the 6,149 units it sold in the corresponding month of last year. Ford India also reached the one million domestic wholesale milestone last month. Furthermore, the strong ... Read More »

5 things you should definitely check before you invest in a used car

We all know purchasing a used car is a big decision for many. Though trusted pre-owned marketplaces like Droom have made this a hassle free affair, we can totally relate to your fears and concerns, especially when you are putting in your hard earned money into such a big ticket item. Cars, be it new or used, are still an aspirational asset ... Read More »