A sigh of relief for pure electric and hybrid vehicle makers in India as Government may soon sanction subsidies to make them as affordable as petrol and diesel powered cars. Environment cautious buyers may also be delighted as the grant extends to all segments of mobility from two-wheelers to public transport buses. Subsidies on electric vehicle ranges from Rs 8,000 to Rs 12 lakh, depending on vehicle segment and criteria, decided by government.
TVS is India’s fourth largest two wheeler manufacturer, after Hero, Honda and Bajaj. Last year, they announced a partnership with German motorcycle maker, BMW Motorrad, which would see them develop motorcycles in the 250-500 cc segment. It’s been more than a year since the announcement and still there has been no concrete information as to what the first motorcycle would be under this Indo-German umbrella.
Mahindra will setup a new plant in Tamil Nadu to manufacture its new range of vehicles next year. This will be Mahindra’s ninth plant in India, which will start operations in 2015-16 with investment of about Rs. 4000 crore, spanned over 7 to 8 years. This is just part of a major capacity expansion plan and product development strategy for a total worth of about Rs. 10,000 crore in next three years.
For financial year 2013-14, Indian auto industry saw Maruti Suzuki Alto emerge as the best selling car with sales of over 2.58 lakhs. This was followed by three Maruti Suzuki products – Swift hatchback with 1.98 lakh sales, DZire sedan with 1.97 lakh sales, and Wagon R hatchback with 1.56 lakh sales. The top 5 list finished off with Mahindra Bolero on the last spot with 1.07 lakh sales.
Honda Cars India is revving high in Indian market grabbing 7.94 percent market share in 2013-14 fiscal. Thanks to its new diesel variant sedans, Amaze and new City, Honda has climbed up to claim fifth largest auto manufacturer in India for FY 2013/14. Both the said cars have proven to be segment toppers with class leading fuel efficiency too. In an attempt to claim the same in MPV segment, and to cater to Honda fans in need of a new 7 seater, Honda will launch its Mobilio MPV in India in the third quarter of this year i.e., between July and September.
Nissan showcased its all new 2015 Murano at New York International Auto Show 2014 along with its Sport Sedan Concept, that first premièred in Detroit at the 2014 North American International Auto Show earlier this year. Both standing together expresses Nissan’s flamboyant styling cues being shared between crossover and sedan to make equally sounding appeal.
Refreshed in format and exclusive in design, the new 2015 Chevrolet Cruze made its debut at the 2014 New York Motor Show. New Chevrolet Cruze sedan gets a few changes to both its exterior and interior makeup though powertrain options stay same.
World premiere of highly acclaimed Mercedes Benz S 63 AMG Coupé takes place at New York Motor Show running from April 18-27, 2014. This exclusive four seater high performance luxury car will compete with both Bentley Continental GT and Aston Martin Rapide once successfully launched.