The car market is abuzz with news that Ford is ultimately available in the showrooms.The price of the petrol model of Ford’s new compact car Figo lies between Rs 3,60,000-4,50,000 and the diesel model costs from Rs 4,50,000 to5,45,000 (ex-showroom, Delhi).
BMW has introduced 2 new models in its 3 series sedan class. BMW India’s president Peter Kronschnabl introduced BMW 320d corporate version (diesel) and the BMW 330i (petrol) as the 2 new BMW 3 Series sedans.
Leading car makers in the country hiked the central excise duty to 10% in response to the government’s decision to increase the excise duty. This hike is likely to push up the car prices by up to Rs. 25,000. The country’s biggest car manufacturer, Maruti Suzuki India (MSI), said its car price will rise by [...]
Maruti Suzuki Chairman R C Bhargava has accepted the company had erred by not informing the press about the recall of 100,000 A-Star cars, which started last December.
Bhargava said: “We slipped up and will be calling a press conference in the next two-three days to explain things. On hindsight, we should have informed the press, [...]
When you have quite a bigger amount of money to spare on buying a car or rather as they say, you have arrived in life; it’s time for a luxury sedan or at least a sedan. The price range could be 8-15 lakhs for this category. The cars are longer, more spacious and the price [...]
Manufacturers focusing primarily on selling diesel cars such as Mahindra & Mahindra, Tata Motors, Toyota, Mercedes, BMW and Volkswagen foresee a big fall in sales should the government accept the suggestion by Parikh committee to levy a flat tax of Rs 80,000 on diesel cars, due to increasing price differential with petrol models.
With the dawn of new year, leading car makers like Suzuki, Hyundai Motors, Tata Motors, Mahindra & Mahindra, General Motors and also Fiat have recorded their highest monthly sales since their commencement. Sale of different types of cars went up by 33% to 175,526 units in January as compared to 131,636 units sold in January [...]
Maruti Suzuki, India’s leading carmaker, won’t be passing on the lower taxes, to the customers of its petrol variant Swift. The company stands to save about Rs 40,000 for each car due to reduced excise duty for the Swift’s smaller engine, but puts the blame on the cost hike for this decision. This is different [...]
The initial small car manufacturers of the country who introduced the first low cost car Maruti 800 are in action again in order to vie with Tata Nano. They plan to achieve it by launching Maruti Cervo.The aim of Cervo is to enable the car makers to recover their lost ground in the small car [...]
Want an ideal hatchback that contains everything from excellent performance and good looks and great value for money? Then wait till March as Nissan’s new hatchback Micra is set to arrive in India. The best thing is its competitive pricing of Rs 400,000 to 500,000 is sure to make many fall in love with it.
At any given point in time, an X% flat rate is always more expensive than an X% annual reducing balance rate. The effective total interest paid out is also influenced by the time periods the reducing balance is recalculated, which could be monthly, daily, yearly, quaterly or half yearly. These time periods are known as [...]
India’s largest private sector bank, ICICI Bank, plans to go aggressive on car and truck loans again. The bank had been the biggest lender for automobile buyers till three years ago but had scaled back on auto loans in the past two years on the back of rising defaults. The bank is however discarding its [...]
The Electronic Clearing Service (ECS) is a retail payment system that can be used to make bulk payments or receipts. Its aim is to decrease volumes of paper instruments in MICR clearing and improve customer service by ensuring prompt and secure interest/dividend payments to the beneficiaries. Coupled with a system [...]
Another interesting story surrounding this brand is how the logo came into being. The logo for the Mercedes brand was a three pointed star and had been chosen because Gottlieb Daimler had often used a star as a symbol and was fond of saying that this star would one day shine over his own factory [...]
There is no set upper limit to the amount you can pay as down payment - it all depends on how much cash you can manage to set aside. The more you are able to pay as down payment, the lesser is the amount of loan taken from a bank, resulting [...]
“Patience, my dear friend. The story of the man is the story of the brand. It was, as you pointed out, in the year 1929 that the Scuderia Ferrari, which literally means the Ferrari stable, was founded in Modena. Its main purpose was allowing owner drivers to race. Of course, under Ferrari, it could not [...]
“I thought you would never ask! Well, it’s quite a story. I was originally the symbol of Count Francesco Baracca, an Italian WWI pilot and a national hero. He used to paint me on the side of his plane. He passed away on 1918, too young to die, but that is all in the past. [...]
1987 marked a very special year for both Maruti as well as our nation with the export of a first lot of 500 cars to Hungary. One can almost feel the jubilation that the workers of MUL must have felt in gaining acceptance in Europe, the very Mecca of automotive engineering. 1992 was a year [...]
Normally, banks only give 85%-90% of the total cost of the vehicle. The rest will need to be provided upfront as a down payment. Always opt for a higher down payment and look to save on total interest costs. When you book the car, you need to pay a booking amount, which can range anywhere [...]
Try to lower your interest rate. Negotiate with your bank. One other way is to convert your credit card debt into a personal loan debt. It will definitely be lesser than the credit card interest rate. Calculate your net worth and see if any of your investments could help you prepay a [...]
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