CAR SERVICE
Economy on strong wicket after fiscal first quarter
India's economy showed strong first-quarter performance with surging manufacturing activity, robust GST collections, and record-high Sensex, alongside a rise in passenger car sales and new export orders from overseas markets, as highlighted by industry experts and economic indicators.
21-year-old Keralite splurges Rs 10 lakh on new car! Meet IAS aspirant who also runs a thriving coaching business
His YouTube channel, IAS Hub Malayalam, has attracted 2.1K subscribers. His audience comprises clerks, college teachers, IT professionals, chemical engineers, homemakers, and fellow college students. Chako was the only teacher aware of his side venture.
Save money while traveling by availing these budget services, you will not be disappointed!
Travel often comes across as expensive but that is definitely not the case if you have tricks up your sleeve to cut down your expenses but still avail premium services for yourself and your companions at a pocket-friendly price. Here are a list of budget-friendly ideas to cut down your travel expenses to a minimum.
Iron rods rained down on cars: Delhi airport roof collapse victims narrate horrific story of lucky escape
Heavy rainfall triggered a canopy collapse at IGI Airport's Terminal 1, claiming a cab driver's life and injuring multiple individuals, leading to significant flight disruptions. Eyewitnesses recounted the harrowing incident, emphasizing the near-miss for many present. Legal and technical investigations are underway, as authorities and emergency responders continue recovery efforts. DIAL has suspended terminal operations temporarily, ensuring safety before resuming normal services. Compensation has been announced for victims, highlighting ongoing efforts in infrastructure safety and maintenance.
Chaos at Delhi Airport: Terminal 1 roof collapse leaves cars buried, 1 dead and flights suspended
IndiGo has canceled all flights to/from Terminal 1 due to the partial closure of Delhi Airport caused by heavy rains. Delhi and NCR (National Capital Region) received incessant rainfall accompanied by thunderstorms and lightning beginning in the early hours of Friday.
After proposing no tolls for poor highways, Nitin Gadkari asks officials to work on passes for cars
Union Road Transport Minister Nitin Gadkari has proposed the introduction of monthly or annual passes for cars on the National Highway network to simplify toll collection and reduce commuter hassles. This suggestion comes alongside his call for tolls to be waived on poorly maintained highways, emphasizing the need for quality service before collecting tolls.
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Why is Singapore the world’s most expensive city?
A report by a Swiss bank has noted that Singapore is the world’s most expensive city. Hong Kong, London, Shanghai and Monaco are some of the other cities in the ranking.
InsurTech firm ACKO drives into car repair and service space
ACKO, the Bengaluru-based insurtech firm, is expanding into car servicing and repair with its ACKO Drive Service Centres, targeting cars out of warranty. Initially launched in Bengaluru, plans include centres in Delhi, Mumbai, Pune, Hyderabad, Ahmedabad, and Chennai. Aiming to reach 100 centres in three years, ACKO seeks to capitalize on the growing $25 billion car service market.
Waymo robotaxi service opens to all in San Francisco
The Google-owned Waymo robotaxi service on Tuesday became available to anyone in San Francisco interested in hailing a driverless ride. Waymo One ride-hailing is now available in San Francisco, Los Angeles, and Phoenix, with plans to "ramp up" in Austin next.
BIS introduces new safety standards for EVs in India
Bureau of Indian Standards (BIS) introduces safety guidelines for electric vehicles in India, focusing on powertrain components. New rules, IS 18590: 2024 and IS 18606: 2024, aim to enhance safety in L, M, and N vehicle categories.
What Is zero depreciation in car insurance?
Car owners are advised to drive responsibly to save on insurance premiums and claim settlements. The concept of zero depreciation insurance ensures full invoice value payment during claims. This add-on is beneficial for new, luxury, or frequently-driven cars, and those in high-risk areas.
Bengaluru's Freedom Park multi-level parking: Check launch date and charges as parking to be banned on nearby roads
Motorists in Gandhinagar and Bangalore's CBD will soon find parking relief with the opening of the multi-level car park (MLCP) at Freedom Park on Thursday. Accommodating 600 four-wheelers and 750 two-wheelers, the facility, costing Rs 80 crore, will be managed by Princeroyal Parking Solution. Parking fees start at Rs 15 for bikes and Rs 25 for cars per hour.
Car dealers feel the load as sales slow, inventory piles up
Passenger vehicle makers seek a 90-day credit cycle extension from auto financiers due to pressure in retail and sales channels amid slowing sales.
China is testing more driverless cars than any other country
Across China, 16 or more cities have allowed companies to test driverless vehicles on public roads, and at least 19 Chinese automakers and their suppliers are competing to establish global leadership in the field. No other country is moving as aggressively.
Best car sunshades: Top picks for maximum UV protection and comfort
Discover the best car sunshades for unparalleled UV protection and comfort. This selection highlights the EcoNour Car Windshield Sunshade for its reflective properties, the Enovoe Car Window Shade for its dual-layer design, and the Kinder Fluff Car Sunshade for maximum coverage. These sunshades effectively cool your car's interior, protect the upholstery from sun damage, and enhance overall driving comfort, making them essential for any vehicle.
How electric car batteries might aid the grid (and win over drivers)
New technology could transform expensive electric car batteries into assets for owners, offering benefits like reduced utility bills and free parking. Automakers like Ford, GM, and BMW are exploring using electric car batteries to store excess renewable energy, creating a potential new revenue stream.
Moving to renewables will mean using less energy overall
Moving to clean energy could also bring savings of up to $4.6 trillion each year, according to new research from Colorado-based think tank RMI.
Risk weighting slows unsecured loan growth
The growth of unsecured credit in India, including personal loans and credit card outstanding, slowed to 18% in April from 23% in November 2023. The Reserve Bank of India's risk weighting on such exposures aims to reduce delinquencies in the banking system.
In your odyssey to happy redundancy, can you hear the AI sirens sing?
Everyone and their uncle’s going bananas over how AI will make everything better, effortless, abundant – but watch out for the rocks of declining individual creativity, critical reasoning, and ingenuity
SBI changes gears, links car dealer commissions to their performance
State Bank of India (SBI), the country's largest lender, is set to link the commission it pays to car dealers for sourcing loans to sales, aiming to reduce costs and improve profitability. The revised payout structure will be applicable for all sourcing from June 1. Under the existing structure, dealers would earn a flat 2% commission for loan disbursals ranging from ₹50 lakh to ₹15 crore.
17 cars gutted in east Delhi, 5 shops damaged in Chandni Chowk blaze
Fire at civic authority-run parking lot in east Delhi's Madhu Vihar area damages 17 cars, including an SUV. No injuries reported, controlled by Delhi Fire Service in 4 hours.
Old empires could be the key to a new car future
Hydrogen, a vital element in water creation, is gaining traction as a fuel source for fuel-cell electric vehicles.
Mygate enters insurance distribution business, partners with Acko
Mygate app, in partnership with Acko General Insurance, received an aggregator licence from IRDAI to distribute insurance policies, offering exclusive pricing and expanding product range.
India on mission to become world's leading producer of critical minerals: Hindustan Zinc Chairperson
India aims to lead in sustainable critical mineral production, per Hindustan Zinc's Chairperson Priya Agarwal Hebbar. These minerals, including cobalt, copper, lithium, nickel, and rare earths, are crucial for clean energy technologies such as wind turbines and electric cars.
Zoomcar eyes onboarding 20,000 cars by end of FY25
Zoomcar, a car sharing platform, is set to expand its fleet by over 5000 cars by the end of FY24 and 20,000 cars by FY25. The expansion aims to meet the growing demand for self-drive car rentals, promote economic stability, and foster entrepreneurial spirit in communities. Zoomcar has partnered with industry leaders like Cars24, ACKO Drive, Spinny, and Droom to make car sharing more accessible and cost-effective. With over 10 million verified guests, hosts can earn up to Rs. 7 lakhs per year on average.
Global car giants seek tech allies in China's cutthroat EV market
Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand. One major reason why foreign automakers are seeking partnerships with local tech firms is to benefit from their innovation, which Chinese automaking executives have attributed to the cutthroat competition in the industry.
Finelistings Technologies IPO opens today: Check issue size, price band, GMP and other details
Finelistings Technologies IPO: Finelistings Technologies opens SME IPO to raise Rs 13.5 crore. 11 lakh shares at Rs 123 each. Lead manager: Fedex Securities. Registrar: Skyline Financial Services. Retail investors get 50% reservation. Shares may list on May 14.
Car buyer to get Rs 14 lakh compensation as the car given for repairing was stolen from authorised service centre
Hyundai car gets stolen from service centre: A Hyundai Verna car was stolen from Kamal Auto Hyundai's (an authorised dealer) workshop. However what's more shocking is that the dealer hid this fact from the car buyer for almost two months. It was only when an FIR was lodged that Rajasthan Police found this out.
Amid booming EV sales in India, a nagging issue: Who will service your car?
For now, the pressure on service centres is not much as the share of EVs on the road is low. As per Jato Dynamics data, in CY 2023, the share of electric four-wheelers was 1.7% and two-wheelers 5.03%. Meanwhile, over 50% of three-wheelers were electric.
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