|
|
Thursday, 25 September 2008
Govt Helps Improve Auto Exports
It’s glad to know that India as a whole is contributing to boost the most indispensable part of the growing Indian economy. After the heavy decline is domestic car sales, Indian car manufacturers, auto components manufacturers, OEMs, SIAM and even the Government of India is lending out its hand to boost sales and export of vehicles. The government has come up with a scheme known as Focus Market Scheme (FMS). Under the scheme, the government will give cash-incentives to auto exporters for exporting vehicles to the targeted global markets. The FMS covers emerging markets like Africa, Latin America and the CIS bloc along with other developed countries. The key motive of the scheme is to incentives to escalate the competitiveness of the Indian automobile industry overseas. Indian car exporters like Hyundai Motor India and Maruti Suzuki hope to take advantage of the cash-back scheme offered under FMS. Such a kind of unity in the country will definitely take the Indian auto industry to great heights. Labels: Auto Exports, Domestic-Car-Sales, Indian-Car, Indian-Car-Manufacturers
Mitsubishi Enters Small Car Stable
India has become a symbol for small cars! A number of small cars are in line to enter the Indian car market. First, Nano made an approach to roll out a small and cheap car on Indian roads. Following the trend, Hyundai Motor India, Honda Seil India, Maruti Suzuki, GM and now Mitsubishi also plans to introduce their small cars in the Indian market. Doesn’t it look like that Indian car manufacturers are on their way to establish a small car stable? Mitsubishi’s small car will be introduced in markets like India and China somewhere in 2010. This forthcoming global car will have a rear engine similar to the one in Nano. Though the position of the engine is same, the performance, economics and capacity vary. The new car will come with a 1.0 litre engine. So know, who is next in line for small car race? Labels: GM, Honda-Seil-India, Hyundai-Motor-India, Indian-Car, Indian-Car-Manufacturers, Maruti- Suzuki, Mitsubishi, Nano
Friday, 19 September 2008
Another reason to rejoice
 After a long time of thrashing income in the Indian automotive market, Festive season restores the market to create a rainbow in the market universe. At one end of the spectrum, Indian car manufacturers are offering discounts and gifts and at the other end, banks and car financers are reducing the interest rates. This means that during this festive season, car buyers have the opportunity to relish tasty fruits with both hands. Car manufacturers, banks, and finance institutions are all working hard to search out the best possible way to reduce interest rates on car finance. Maruti Suzuki India, leader in passenger car market, has reduced the interest rate from a slab of 15-17% to 12.53-13.3%. General Motors is offering its Optra Magnum at a discounted interest rate of 8.55% and Toyota selling its Toyota Innova at an interest rate of 7.9%. With these car manufacturers, auto financers and various banks like ICICI, HDFC, and Kotak Mahindra have also reduced their interest rates to bring some cheers to the lackluster Indian car market. So, if anyone of you is planning to buy a car, then rush. This is the perfect time to buy your dream car. Labels: Car-Discounts, General-Motors, Indian-Car-Manufacturers, Maruti-Suzuki, Toyota-Innova
|
|
