All new passengers cars that will roll out from the January 1st , 2009 will display mileage information. The rule declared by Indian government for all car manufacturers to tag their car models with the mileage information will be implement with the advent of new year.
Maruti Suzuki will be the first car company to imply the rule in the country. The company has already started a training programme for its 14,000 dealers across 600 sales outlets in order to implement the “Fuel Economy Consumer Information” programme.
Interestingly, Maruti Suzuki has already implemented the rule by announcing the fuel economy of its global car A Star. The data for the same is provided by the Automotive Research Association of India (ARAI). The Automotive Research Association of India (ARAI) is supposed to test cars and two-wheelers under the Society of Indian Automobile Manufacturer’s initiative to provide the mileage related information.
These information will also be supported with a disclaimer which states ‘disclosed figure has been arrived at in test conditions and fuel values could differ due to variables such as driving habits, road and traffic conditions, fuel quality, maintenance practices, loading pattern and so on’.
This is an good step taken by the government and the car manufacturers. It is the duty of the car manufacturers to reveal the fuel economy to help the buyers make a good selection based on their need.
Argentum Motors Owned by Ashish Deora
Argentum Motors is set to expand its capacity for small cars to 0.4 million per annum. Argentum Motors would also start manufacturing 1-2 litre engines to cater to the demand for small cars….
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http://ashish-deora.blogspot.com/2008/09/argentum-motors-owned-by-ashish-deora.html
http://investing.businessweek.com/businessweek/research/stocks/private/snapshot.asp?privcapId=20407418
It is wise decision taken by the government and the car manufacturers.It is necessary to display the value of fuel economy.This will help the buyers to make a good option.
Private equity funded Argentum Motors floated by Hyundai India's former president BVR Subbu,Spicejet promoter Ajay Singh, and broadband entrepreneur Ashish Deora, has bought in a majority stake in French contract major, prototype specialist and electric vehicle giant Heuliez.It has been pursuing Heuliez since April this year. Heulize at present makes components for Peugeot and a few other European brands but lately it had not been doing well. It was up for grabs and now post acquisition, Argentum will shift a large part of Heuliez's production to India and will be supplying cheaper components.