Synopsis
To help you identify the car of your choice, ET Wealth in collaboration with Cardekho.com, enlists some expected car launches this year. We have categorised top five choices in three price bands: below Rs 7 lakh, between Rs 7 and 15 lakh, between Rs 15 and 40 lakh.
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In collaboration with Kartikeya Singhee
The year 2020 began on a dismal note for many industries, with sales figures plummeting as the pandemic surged through the year. The car manufacturers also registered a sharp drop in sales in the middle of the year. According to data by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicles witnessed a 49.6%decline in domestic sales in June 2020 compared with the same period last year. However, surprisingly, most companies ended the year on a positive note. Passenger vehicle sales rose 13.59% in December due to the pent-up demand, according to SIAM.
Budget 2021: Introducing incentives for electric vehicle buyers can boost the demand in auto sector
Budget 2021: The automobile sector has witnessed several challenges due to a reduction in demand and an increase in costs due to regulatory changes amid emission and safety norms. Some of the steps like reduction of the GST tax rates to 18 per cent, introduction of the incentive based vehicle scrappage policy to scrap over 15-year-old commercial vehicles, local sourcing of automobile parts and EV incentives for electric vehicle buyers can trigger a boost in demand for the sector, said Mr. Nilesh Shah, Chairman and MD, Atlas Integrated Finance Limited. The automobile sector suffered a slowdown in terms of demand and the expectations were not met for the sector in last year s budget.
Renault To Downsize Global Production… But India Gets A Thumbs Up moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
0 Comments Indian Oil Corporation Limited (IOCL) has confirmed that following the BS4 to BS6 transition last year, it is enhancing its focus on higher octane petrol for our market. Commenting on the topic, Shrikant Madhav Vaidya, Chairman, Indian Oil Corporation, said in a recent interview with Autocar India, “We are on the job and we will chalk out the road map very shortly.”
Indian Oil’s 100 octane petrol
slated to be available in 16 cities
from January 2021
Octane rating of regular petrol to also improve in the future In line with its latest strategy,
IOCL recently launched XP100 – the country’s first 100 octane petrol – for high performance vehicles and is now working towards expanding its retail availability. Moreover, the company is also planning to increase the 91 octane rating of regular petrol by 2023.
This week in Auto: Here’s why Tesla s India entry should mean more than just flashy electric cars
Here is a wrap on what else made headlines in the auto space during the week January 16, 2021 / 01:57 PM IST
Finally, the world’s most valuable automotive company Tesla, Inc has an India address. The American electric car maker registered its India subsidiary earlier this week, bringing cheer to not just auto enthusiasts but also to electric vehicle (EV) manufacturers. More on this later. Here is a wrap on what else made headlines in the auto space during the week:
Toyota withdraws lockout