Search Result for : Suvs

Aamir H Kaki  Under the new goods and services tax (GST) regime, the luxury cars will become cheaper and for buying small cars the buyers have to shell out a little more.  Luxury cars, sports utility vehicles (SUVs) and larger sedans would be benefitted from some rationalisation in tax structure as even after a 15% cess on the total levy, it will be lesser than the tax currently being levied on such models.   Under the new tax regime, there will be a uniform rate of 28% on cars, unlike the multiple rates of tax levied presently. An additional cess of 1% and 3% is being discussed to be imposed on small cars of petrol and diesel, respectively.   Larger cars and SUVs are ...

The Dollar Business Bureau  Mahindra & Mahindra, jointly with its South Korean subsidiary SsangYong Motor, has announced its plans to develop a production platform for an electric Sport Utility Vehicle (SUV) by 2020.  Lack of public charging infrastructure in both India and South Korea is one of the many bottlenecks in the mass-adoption of electric cars, which is inevitably going to be the future of automotive companies. The move towards clean-fuel vehicles is slow but palpable across the global auto industry. Government subsidies for clean-fuel technologies has also incentivised growth in the electric vehicle segment.  In Mumbai, CEO of SsangYong, Choi Johng-sik, announced that it was diligently working with it's Indian parent company to roll out a new generation of electric cars.  In India, e2o and eVerito (sedan) are two of the electric vehicles manufactured by Mahindra & Mahindra. ...

The Dollar Business Bureau  German automobile major Volkswagen on Wednesday said that the production has commenced on its forthcoming premium SUV Tiguan at the Skoda plant in Aurangabad (Maharashtra).  Slated to be launched in India later this year, the Tiguan model will be available in a 2-litre diesel engine coupled with an automatic 7-speed gearbox.  “The Tiguan will be our premium SUV offering for India and will cater to the unceasing demand in the segment. Our customers will now have an extended portfolio, ranging from hatchback to executive sedan, to meet their requirements at our showrooms,” said Michael Mayer, Director, Volkswagen Passenger Cars India, said in a statement.  The premium SUV and the sedan Passat are the latest products of Volkswagen lined up to ...

The Dollar Business Bureau  Global auto major Mercedes is recalling around one million cars and SUVs from all over the world due to a starter part, which can overheat and may cause fire. The recall includes certain E-Class, C-Class and CLA cars and GLC and GLA SUVs, from the year 2015 to 2017. Out of a million vehicles to be recalled by the company, around 308,000 cars are from the US only. The Germany-based automobile manufacturer reported 51 fires all over the world, with around 30 in the US. The automaker has not reported any injuries or death due to the problem. The US is one of the three largest markets for Mercedes, followed by China and Germany. According to the documents released by the ...

The Dollar Business BureauAutomobile major Volkswagen is planning to strengthen its SUV segment with the launch of its premium model Tiguan in India. The world's largest car manufacturer looks to scale up its presence in the Indian market. It is reintroducing its premium sedan Passat this year, in addition to its newly unveiled performance-oriented hatchback GTI. The company in one of its recent announcements said it is eyeing at positioning itself as an "accessible premium car brand" in the world’s fourth-largest automobile market. "Tiguan as our first premium SUV, comes into an area where we see more and more people investing in such cars. That will be the first step for us into that domain of SUVs," said Michael Mayer, Volkswagen Group ...

The Dollar Business Bureau  US President-elect Donald Trump has now targeted Toyota Motor Corp over its Mexican-manufactured car, threatening the Japanese car makers to pay “big border tax” if shipped Mexico-built cars to the US market. Earlier this month, Trump criticised General Motors (GM) and Ford Motor for manufacturing their vehicles abroad and shipping them to the US market.  The soon-to-be President had accused these companies of costing US jobs. Another Japanese car maker, Nissan Motor Co, could be at a bigger loss if Trump unveils any tax punishment. Nissan built its plant in Mexico over 50 years ago and now manufactures more than 800,000 cars. The company exports almost half of its production to the US, where it also has production plants. Japanese automakers produced ...

The Dollar Business Bureau Chasing volumes in India, French car major Renault plans to launch more products in the high selling sub-four meter category even as it prepares to get past 5% market share by the end of 2017.The company, which currently sells five models in the country including SUV Duster and hatchback Kwid, plans more 'Made in India' products and to introduce one new car each year as parts of its "product development strategy"."In India most of the cars -- over 70% are less than 4 meters. The weight of mini segment where we have Kwid is 25%. So we have a large space to make our portfolio," Renault India Operations Country CEO and Managing Director Sumit Sawhney told the ...

The Dollar Business Bureau India’s overall auto exports fell 9.7% in the first quarter of the current fiscal due to a significant decline in demand in some of the country’s core automobile markets. The sales of three-wheeler segment witnessed the maximum decline, as it shrank by 46.22% to almost 66 thousand units compared to over 122 thousand units in the same period a year ago. The two-wheeler exports, too, contracted by 8.3% to over 577 thousand units during April-June 2016-17 from almost 623 thousand units in the same period a year ago. "The main reason for the decline has been that our main market Europe saw pressure and we are now moving to new markets like South Africa and Latin America," said Vishnu Mathur, Director ...