AFFORDABLE CARS
VinFast set to drive into India with locally assembled cars
VinFast, the EV arm of Vietnam's biggest conglomerate Vingroup, is expected to launch its first locally assembled car during the 2025 festive season. It is likely to sell its vehicles in the ₹25-30 lakh range, placing them in the premium affordable segment of India's burgeoning market for EVs. The models are likely to have a range of 300-500 kilometres.
Anant Ambani pre-wedding dinner: Billionaire Anand Piramal opts to arrive in Toyota Camry; wins netizens' hearts
Billionaire Anand Piramal garnered praise on social media for arriving at his brother-in-law’s pre-wedding dinner at Antilia in a Toyota Camry. Despite the presence of luxury cars like Maybachs and Rolls Royces, Piramal’s choice of the Camry, priced at less than Rs 60 lakh, highlighted his simplicity. Anand Piramal, married to Isha Ambani, daughter of Mukesh Ambani, is the heir to the Piramal Group. Social media users admired his down-to-earth nature, with comments emphasizing his modesty.
Capture the theme at the right time: Is investment in EV a good long-term bet?
The rise in EVs can be attributed to two main factors, first, a substantial global push by governments to achieve net zero emissions through various policy measures; and second, a nearly 90% decrease in battery costs over the past ten years, which has made EVs more affordable and, as a result, brought them closer to cost parity with internal combustion engines (ICE)
EU electric car sales drop in May as German demand slumps, industry says
Sales of new battery-electric cars in the EU dropped 12% in May, led by a 30% plunge in Germany. The EU imposed provisional duties on China-made EVs, affecting Tesla's Model 3 price. Elon Musk's company recorded a 34.2% drop in May sales.
Auto emission norms to get stricter, make cars costlier
India's automakers face stricter carbon emissions norms, requiring a 30% reduction over three years or penalties. The Bureau of Energy Efficiency (BEE) proposed CAFE 3 norms effective from April 2027, with CAFE 4 norms following. CAFE 3 aims for 91.7 gm CO2/km and CAFE 4 for 70 gm CO2/km. Automakers get a five-year transition to CAFE 4, but compliance challenges remain, including pricing affordable low-emission vehicles. Penalties for non-compliance are stiff, encouraging more fuel-efficient cars.
What to know about Europe's extra tariffs on Chinese electric cars
The tariffs, which have been expected for months, come on top of existing 10% duties, but the level of their impact has been disputed. Some European automakers argue they will set off a trade war, but other experts have said they will not stop China's dominance in the industry.
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Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
The European Union plans to increase tariffs on Chinese-made electric vehicles due to unfair subsidies. This move aims to address the surge in Chinese EV exports to Europe, posing a threat to EU manufacturers and green tech industries.
Long-range EVs now cost less than the average new car in the US
The automotive industry in the US is experiencing a competitive phase in the electric vehicle market, leading to EVs with over 300 miles of range being cheaper than gas-powered cars for American buyers.
BYD says to build second EU factory despite EV slowdown, to make hybrid cars
Chinese electric vehicle giant BYD is still committed to building a second factory in Europe and will roll out hybrid cars as the EV market slows down, a group executive told AFP. Stella Li, vice president for Europe and the Americas, also shrugged off a European Union probe that could lead to tariffs on Chinese EVs. "When your competition worries about you, that means that you're super good," Li said in an interview Thursday at the Top Marques auto show in Monaco. That means that Chinese cars have a good quality and are very competitive, accessible," Li said.
From party ender to party soul: Tequila now fastest-growing alcohol segment in India
Tequila, once a party staple involving a lick of salt, a shot, and a lime wedge, is evolving. It's now sipped neat, on the rocks, with soda, or in diverse cocktails, becoming India's fastest-growing alcohol segment. Sales nearly doubled to 123,000 cases in the last year and have more than tripled since 2019, driven by changing drinking habits and new product launches.
Maruti Suzuki cuts its models' prices; makes ASG variants 'more affordable'
Maruti Suzuki India announced a price reduction for several models in its Auto Gear Shift (AGS) lineup, including Alto K10, S-Presso, Celerio, Wagon-R, Swift, Dzire, Baleno, Fronx, and Ignis. Effective immediately, prices have been reduced by Rs 5000 across models, aiming to make AGS variants more affordable and boost sales.
The Best 10 Neck Pillows for Less Than 500: Affordable Comfort
The article reviews the top 10 neck pillows, highlighting their features, benefits, and suitability for various needs. It provides a comprehensive analysis of each pillow's design, materials, and comfort level, offering readers valuable insights to make informed decisions. The selections cater to different preferences, including travel, ergonomic support, and therapeutic benefits.
Best Air Blowers under 1000 in India for excellent cleaning
Looking for the best air blowers under 1000 in India? Look no further! With a variety of options available, you can find the perfect air blower to suit your needs without breaking the bank. From compact designs to powerful performance, these budget-friendly air blowers offer efficient airflow for various tasks such as cleaning, drying, and inflating. With features like adjustable speed settings and lightweight construction, these air blowers are ideal for both home and professional use. Upgrade your toolkit today and experience the convenience and versatility of these top-rated air blowers, all under 1000 rupees.
Strong sales growth for entry-level two-wheelers in H2 of FY24; big relief for automakers
The trend continued in April, driven by an improvement in income levels thanks to healthy economic growth, making the automobile industry bullish of a sustained recovery in the twowheeler segment and sparking green shoots of recovery in small car sales.
Will China become the cat among India's EV pigeons?
Chinese electric vehicles are causing concern in the US and Europe due to their affordability and efficiency. The US has responded by imposing tariffs on Chinese EVs and lithium-ion batteries. India may now become a target for Chinese EVs. Stellantis is considering manufacturing Leapmotor's electric vehicles in India to avoid tariffs.
Bad news for hybrid car buyers, good for EV sector: GST Council may not give tax relief for hybrid cars in next meeting
The govt may not discuss tax concessions for hybrid cars in the next GST Council meeting, affecting companies like Maruti Suzuki and benefiting electric car makers like Mahindra and Mahindra. Transport minister Nitin Gadkari had requested a GST reduction on hybrid cars to 12%.
Car loan interest rates for May 2024: Latest car loan interest rates of top 18 banks
Latest car loan interest rates: The EMIs you pay on the loan will vary significantly depending on the interest rate. You might be able to work out a better deal and get a cheaper interest rate if you have good credit. List of car loan interest rates offered by 18 banks in 2024.
Few Chinese electric cars are sold in U.S., but industry fears a flood
American automakers expressed their approval of the Biden administration's decision on Tuesday to levy a 100% tariff on electric vehicles imported from China. They stated that these vehicles could undercut billions of dollars of investments made in electric vehicle and battery manufacturing facilities in the United States.
Ignored by desis, small cars are driving Made in India ambitions elsewhere
India's car market shift towards SUVs impacts small car and sedan sales, despite being crucial for exports. Maruti Suzuki leads in exports, shipping to diverse destinations. Hyundai's exports include Verna, Aura, and Grand i10Nios. Price hikes and SUV preference lessen small car demand, but industry anticipates a revival by 2026-2027.
Stellantis considering India manufacturing of affordable EVs
The group, which owns several brands including Chrysler, Citroën, Fiat and Jeep, is considering locally manufacturing affordable electric vehicles from its Chinese joint venture partner Leapmotor at its facility in Thiruvallur, Tamil Nadu.
Maruti Suzuki rolls out new Swift 2024 with prices starting at Rs 6.49 lakh
Maruti Suzuki has introduced the fourth-generation Swift, known as the "Epic" new Swift 2024, in India, starting at a base price of Rs 6.49 lakh and reaching up to Rs 9.64 lakh (ex-showroom Delhi). This launch includes the option for customers to subscribe to the car at a monthly cost of Rs 17,436, covering registration, maintenance, insurance, and roadside assistance. Interested buyers can secure their orders by paying a token amount of Rs 11,000 at Maruti Suzuki dealerships nationwide, as pre-bookings are already underway.
Indian auto market sees 2% rise in vehicle sales; SUVs continue to dominate
Last month, sales of cars, sedans, and utility vehicles in the local market increased by approximately 2%, reaching around 338,341 vehicles, compared to 332,468 units sold in April 2023. This marks the 16th consecutive month of best-ever monthly sales for automakers in the region. Despite a moderation in growth rate, the absolute volume remained robust. Maruti Suzuki, Hyundai, and Tata Motors reported marginal increases in sales, while SUV sales surged by about 15%, constituting 53.6% of total car sales.
Maruti Suzuki expects revival of small car segment by 2026-end
"The SUV segment's contribution has gone up to 53.6 per cent of total (passenger vehicle) industry as a result of which the contribution of the small (car) segment has gone down a little bit further," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said in a virtual interaction.
China’s EV and solar exports are powering ahead as prices slide
All these numbers show why China’s factory capacity has quickly become the key faultline in a polarizing global economy.
In the driver's seat of driverless cars
China has amassed a ferocious pack of EV-makers, led by the world's top producer BYD, that are not only forcing price cuts but are also pushing the envelope on autonomous vehicles. This is helped by the fact that some of its EV-makers such as Huawei started out as smartphone manufacturers and have been quite adept at making cars smarter.
Tesla's plan for affordable cars takes page from Detroit rivals
Tesla's new strategy focuses on offering more affordable models using existing platforms, steering away from the Model 2. The shift mirrors traditional automakers, sparking investor optimism despite concerns about execution risk.
Tesla jumps 10% as Musk's promise of 'more affordable' cars eases growth fears
Investors had been bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister. The newly minted plans also helped Wall Street shrug off the company's weak first-quarter results, including a lower-than-expected profit and the first drop in quarterly revenue in nearly four years.
Tesla jumps 10% in premarket as Musk's promise of 'more affordable' cars eases growth fears
Investors had been bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister.
Electric car sales to rise but affordability in focus, IEA says
IEA predicts 17 million electric car sales in 2024 amid economic challenges. China to buy 10 million. Affordability, infrastructure, and oil demand are crucial. Battery prices dropping, competition intensifies, charging networks need six-fold growth by 2035.
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