USED CARS
Did Elon Musk use a $1 million McLaren F1 car for daily use and crash it to impress billionaire Peter Thiel?
Elon Musk used a $1 million McLaren F1 car as a normal vehicle for day-to-day work and transport. It was his daily drive from Los Angeles to San Francisco and he drove 11,000 miles.
Tesla cars for first time on Chinese government purchase list
Tesla's Model Y has been included in a list of electric and plug-in hybrid models that local governments in China can purchase as service cars. This is the first time Tesla's cars have been eligible for government purchases in China. The Jiangsu provincial government published 56 batches of new energy vehicle procurements for use as service cars by party, government, and public organizations.
Volkswagen launches first certified pre-owned store in Coimbatore
Volkswagen launched its first brand store in Tamil Nadu, rebranding its used car business to 'Volkswagen Certified Pre-Owned' cars, aiming to offer customers high-quality, reliable vehicles with comprehensive inspection processes and warranty coverage. With 139 touchpoints nationwide, including 36 exclusive outlets, Volkswagen plans to expand by March 2025. The strategic rebranding leverages the brand's strength and trust, with the popular sedan 'Virtus' driving sales in Tamil Nadu.
Watch: Rolls-Royce Ghost breaks down in waterlogged Delhi road, Internet users suggest use 'Alto'
In a viral video, a Rolls-Royce Ghost was seen stuck on a waterlogged road in Delhi. The luxury black vehicle was stranded with its hazard lights blinking, while more modest cars navigated the flooded street with ease. The incident was captured by a Maruti Suzuki driver and shared on Instagram.
Toyota records highest-ever monthly sales in June at 27,474 units
Toyota Kirloskar Motor achieved its best-ever monthly sales in June 2024, with 27,474 units, marking a 40% increase from June 2023. Domestic sales were 25,752 units, while exports reached 1,722 units. The sales surge was driven by strong demand for SUVs and MPVs and strategic expansion into rural markets.
Pune police chief had proactive role in Porsche crash probe: Fadnavis
The proactive role of Amitesh Kumar in the high-profile Porsche crash investigation in Pune leads to demands for his resignation amidst allegations of corruption and mishandling of evidence. The case involves a fatal accident caused by a minor driving under the influence, leading to arrests and upcoming changes in criminal laws.
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Demand for hybrid vehicles on the rise across the US; here are the best deals being offered
There is a growing demand for hybrid vehicles across the US. Many of the companies are offering discounts on these vehicles. The demand for EV vehicles is decreasing due to many challenges associated with it.
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.
Hyundai IPO: A chaebol looks at India to break out of a Korean trap
Just as Indian stock markets are trading near record highs, Hyundai expects the listing of the equity shares in India "will enhance our visibility and brand image", and "provide liquidity and a public market" for the shares.
Tata Motors launches digital marketplace 'Fleet Verse' for commercial vehicles
Tata Motors, the renowned Indian automobile manufacturer, introduced Tata Motors Fleet Verse on Thursday, marking its debut as a robust digital marketplace tailored for the company's commercial vehicles. This platform facilitates various functionalities such as discovering new vehicles, configuring them, acquiring them, and arranging financing. It is designed with future scalability to accommodate a wide array of additional services and features, positioning Fleet Verse as a comprehensive digital hub catering to all commercial vehicle requirements in one place.
Toyota Kirloskar Motor looks to expand used car biz across key cities
Toyota Kirloskar Motor aims to expand its used car business in key cities with the inauguration of the first Toyota Used Car Outlet (TUCO) in New Delhi, targeting the growing Indian used car market.
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.
Maruti launches limited editions of Alto K10, S-Presso Celerio to boost small car sales
Maruti Suzuki India launches limited editions of Alto K10, Celerio, and S-Presso under the 'Dream Series' to revive small car sales at Rs4.99 lakh.
Police arrest four Bishnoi gang members for plotting to attack Salman Khan using Pakistani arms
Navi Mumbai police has arrested four members from the Lawrence Bishnoi gang for allegedly planning to attack Salman Khan's car in Panvel. The gang had plans to order weapons from a Pakistani arms dealer. An FIR has been lodged against 17 people. The gang had fired outside the actor's residence on April 14.
Car dealers may end up with ₹44,000 crore worth of inventory as demand cools off
Carmakers in India are forecast to face a record stockpile of 400,000 vehicles worth ₹44,000 crore by the end of May, as demand cools after a three-year run of high sales. Passenger vehicle registrations are expected to fall by 5% in May from a year earlier, due to election-related uncertainties, the completion of marriage season, and heat waves in key markets, particularly Delhi NCR.
Pre-owned car market expected to touch 1.09 cr units by FY28: Report
India's pre-owned car market, as per the Indian Blue Book report, is expected to expand to 1.09 crore units valued at USD 73 billion by FY28, with budget buyers predominantly seeking quality cars for upgrading to a new pre-owned vehicle.
Google Wallet launched in India: Step-by-step guide on how to use it; how it is different from Google Pay explained
Google Wallet: This article is about how to use Google Wallet and how different is it from Google Pay. As per Google, this wallet can be used for various utility functions like storing Air India, Indigo Airlines flight boarding pass, PVR and INOX cinema tickets. Read here to know more.
Luxury car companies keep it cool inside with advanced glass coatings
Car manufacturers are adopting sophisticated glass coatings to maintain cool temperatures inside vehicle cabins, reducing the reliance on air conditioning as temperatures soar above 45°C in certain Indian cities during the summer. This initiative coincides with the trend towards larger vehicles like SUVs and electric models, which demand more battery pack space, resulting in larger glass surface areas and thermal loads
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.
Authorised car dealers can claim input tax credit on demo cars: AAR
GST Authority ruled dealers can claim input tax credit on demo cars. Landmark Cars East Pvt Ltd sought ruling on taxation aspects, specified time period for inward supply to potential Mercedes Benz car buyers.
Tata Motors to use new $1 bln plant to make Jaguar Land Rover cars
Tata Motors intends to manufacture Jaguar Land Rover (JLR) luxury cars at a new $1 billion plant in Tamil Nadu, according to sources familiar with the plans. The company had previously announced its investment in the Tamil Nadu plant without specifying which models would be produced there.
Not all big cars are created equal: Half of cars sold in India really not SUVs
Going strictly by the GST Council's definition, SUV sales were 445,556 against the 2.13 million attributed to the segment by carmakers. To be sure, that doesn't take away from the shift in customer preference toward the SUV silhouette.
Domestic car sales in last financial year grew by nearly 9% to a record 4.23 mn units
Car sales in India soared by 9% to 4.23 million units last fiscal, driven by SUV demand. Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, and MG Motor India all reported significant sales growth across various segments. Around 370,000 cars, sedans and utility vehicles were sold last month, compared to 336,000 units in the year-ago period, making it the 15th consecutive month that PV sales have breached previous monthly records.
Digitisation will be key driver for Mahindra Finance, says MD designate
Senior management at Mahindra Finance is witnessing a paradigm shift as vice chairman Ramesh Iyer passes the reins to Raul Rebello at the end of April. Though developing new business models would take some time, analysts believe the company's strong rural reach and financials would be beneficial.
No petrol, diesel vehicles in India: Gadkari vows to eliminate fuel cars
Union Minister Nitin Gadkari aims to transform India into a green economy by eliminating over 36 crore petrol and diesel vehicles. With plans to reduce GST on hybrid vehicles and promote biofuels, he envisions using fuel import savings to benefit farmers and create jobs.
Car shipments shifting back to pre-Covid gear; Maruti, Hyundai at the top
According to industry estimates, Indian carmakers are set to ship more than 675,000 vehicles in the fiscal year that ends March 31, recovering from a low of 404,000 reported in the aftermath of the pandemic in FY21. Around 663,000 cars were exported from the country in the last financial year. Vehicle exports were dominated by Maruti Suzuki and Hyundai, which together accounted for two-thirds of all cars shipped out of the country.
Audi inaugurates a new pre-owned car facility in Guwahati
Audi expands with Audi Approved: plus in Guwahati, part of 26 Indian sites. Balbir Singh Dhillon cites 62% 2023 growth, aiming for 30 by 2024, reflecting the rising luxury car demand.
A mini industry spawns under the hood of a booming car market
India's car market is booming, with passenger vehicle sales and the used car market both experiencing significant growth. The used car market is expected to reach $100 billion by 2034, driven by demand in metropolitan cities and the digitization of the business.
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