Re-kindle your desire of buying a new car!
Many of you must have changed their plans of buying a new car due to inflation and recession. If you are one among them, then this is the right time for you to rethink on your decision of a new car purchase.
The impact of budget announced by the government has given immense pleasure to both the buyers and manufacturers. Car manufacturers now plan to pass on duty cut benefits to buyers to boost their dropping car sales. No matter which car you desire to buy, you can enjoy the benefits. Because almost all car manufacturers including Maruti Suzuki, Hyundai, Tata Motors, and Mahindra & Mahindra have cut down the prices of their car models with immediate effect.
The ex-showroom car prices are expected to cut down in the range of Rs 8,000 to Rs 45,000. The largest selling small car on Indian roads, Maruti Suzuki Alto, will now be cheaper by Rs 8,000. And even the top-end variant of a leading SUV, Mahindra Scorpio, will be cheaper by about Rs 42,000. All the cars including the sedans, MUV, and hatchbacks will now be available with a discounted price.
Obviously, the cut down in car prices must have excited you. Reduction in the fuel prices further adds a reason to go for a new car purchase now. This will reduce the running cost of your car as both petrol and diesel prices have been cut down by Rs 5/litre and Rs 2/litre, respectively.
Labels: Fuel Prices, New-Car, SUV
A Hybrid car is an answer to the rising fuel prices as well as global warming.
Hybrid car are actually a combination of combustion engines and electric motors. Most of such vehicles run on electricity in the city and on fuel while on highways. This helps to save fuel consumption in congested city roads.
Hybrids are definitely a good alternative for fuel cars but they have always been overwhelmed by energy storage problems. With further advancements and technologies, scientists and researchers are working to design and produce high-performance energy storage units. These units are designed with a desire to increase the effectiveness, power and worth of the hybrids already running on roads.
Researchers from round the globe are pooling their expertise and knowledge along with innovative technologies to develop energy storage modules for hybrid cars.
The invention of these energy saving units for hybrids is expected to guarantee high operational reliability, enhanced performance and better durability.
Labels: Fuel Prices, Hybrid eco-friendly cars, Hybrids-Cars
The international crude oil prices are going up and does not seems to ebb down. The effect of this price rise was such that petrol/diesel prices have been raised to a significant amount. The price hike of crude oil is affecting the Indian economy to a large extent. As India does not have sufficient production of oil, it has to depend on external sources for oil.
Thanks to Bio-fuels! Now Indian corporate like Tata Group and Reliance Industries are making huge investment in the research & development of Bio-fuels. Jatropha plant cultivation is gaining popularity among farmers too. The plant yield non-edible seeds, which is used to extract bio-fuels. It is estimated that around Rs 15,000 crore to Rs 20,000 crore will be invested in bio-fuel sector over the next five to eight years. These efforts will surely reduce pressure on the Car Industry which is witnessing downfall due to fuel price hike.
Labels: Bio-Fuel, Fuel Prices
The hike in fuel prices is adding pressure on the common man’s purse. The petrol price has gone up by Rs 5 and diesel is up by Rs 3 per litre. Travelling is no longer cheap. The middle class is now opting for local transport rather than personal cars to cut down travel cost.
The government earns most of its revenue from taxes on petrol and diesel. Though all the states have revised the values of fuel, Maharashtra has done the opposite. It has decided to cut down sales tax by 2 percent. This will reduce the price of petrol by 80 paise and diesel by 60 paise per litre than the pre-hike value of fuel! The Maharashtra government has adopted a populist measure ahead of the central polls, which is a year away.
Labels: Fuel Prices
