Showing posts with label news. Show all posts
Showing posts with label news. Show all posts

Small cars are losing its ground gradually

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According to the Society of Indian Automobile Manufacturers (SIAM), domestic car sales rose 3.62% to 2,125,551 units in the first 10 months of the FY15; of this, the entry-level small cars accounted for 430,609 units. Overall, the share of all small cars in the passenger vehicle market has fallen from 68% in FY11 to 52% so far in FY15, while the share of higher-priced segments (sedans and utility, sport and multi-purpose vehicles) has risen from 24% in FY11 to 41% in FY15 so far. Even within the small car segment, demand has moved from entry-level small cars to premium small cars. 



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It’s time for an amazing ride in Honda Amaze, CNG variant

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Honda’s compact sedan Amaze is now available in a CNG variant at Rs. 5.99,585. Customer will be entitled to a 2-year warranty on the purchase of this car. Honda Amaze had been a great success for the company after its launch in 2013. This new variant has a bi-fuel option of Petrol/CNG, which has been added to meet customer demand.  
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Used car market on fast track in Indore

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Used Car Market

The organised used car market in the city is booming, thanks to affordable prices and availability of a wide range of vehicles at authorised dealer showrooms.
Dealers say that the organised used car market in the city, which has evolved over the past few years, is growing at 20% year-on-year. Some car manufacturers, including Maruti Suzuki and Mahindra, run used car showrooms in the city. 
They not only sell used vehicles but also buy them and give the consumers the benefit of exchanging their old car for another one.
"The entire process is streamlined so that customers do not have to go through the hassles of finding the right buyer for their vehicle,” an executive of Maruti ‘True Value’ showroom told HT.
“Also, when it comes to buying a used vehicle, consumers are assured that they will be getting a vehicle that has undergone a rigorous check on all the parameters including performance and safety,” said the executive who requested anonymity.


Car sales expected to grow by 12%: UBS survey

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In the run up to the festival season, 88% of dealers surveyed expect a sequential rise in sales over next two months


There might be some green shoots of growth visible on the ground, with a new government in place. An Auto Dealer Survey conducted by research firm UBS suggests that there could be signs of improvement in the automobile (four-wheeler) sector. Auto sales are globally considered to be a proxy for economy. In India too, these numbers are taken seriously by economists and analysts as a measure of growth in the economy.


Read more at: http://www.business-standard.com/article/companies/car-sales-expected-to-grow-by-12-ubs-survey-114090801096_1.html

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