11 posts tagged “india”

The car buyers  burden has been reduced to some extent with the interest rates on car loan taking a slope. One of the well known financial institution, HDFC bank has offered a cut down the interest rates by 125 basis points.  Basis point is nothing but a financial term where the unit of measure describe the percentage change in the value or rate of a financial instrument. One basis point is equivalent to 0.01%.This is the good move taken by the bank it will further push the car sales.

The current market crisis has made the car market unstable leading to the drastic fall in car sales numbers. Though the car manufacturers are finding different ways to  push their sales, such support from the bank will be an added advantage in bringing up the market.

The global recession left the Indian car market shaken and experienced nearly 18 percent of loss. Currently the HDFC Bank offers 13.5-14 per cent interest on car loans which will be cut based on the new interest pattern.

Skoda Octavia one of the most popular model will be turning 50 in 2009. The first Octavia entered the car market in 1959 as to Skoda 440 which is also christened as Spartak.  Later  Skoda 440 became Octavia, whereas  Skoda 445 was called as Octavia Super with minor exterior and interior changes too.

In the year 1989, when Volkswagen took over Skoda, Octavia series became the first car that was developed internally. The first concept car was made in 1992 , which was commercially launched in 1996. BY 1998, the 4X4 version was introduced.

In 2000 new model emerged with innovative technology and luxurious features with the Octavia Tour. Later in 2004, the second generation of Octavia made a grand entry which received a face lift in 2008.

It was not only successful model in terms of design and performance but also received good sales figure. Over 2 million Octavias  were sold worldwide till date. This clearly reveals the successful journey of long 50 years of the model.

The music version of Chevy Spark is here to rocks its fans. The  Muzic edition of Spark offers new  and  flashy features making the drive more joyful. With the limited offer, the special edition of the 'Winking' car boasts with premium quality sporty seat upholstery, 2 din audio system arousing your rythemic senses, body colour door handles and outside mirrors. The most eye capturing is the colourful display of song  notes on the on the body side and the music waves at the rear makes it a complete cool car.

The Outside Rear View mirror with turn indicators and remote keyless makes are the other add on features this small car  carries. In early 2008, Ford too rolled out the limited edition of Ikon with   Ikool music edition which carried an I-Pod compatible Sony X-plod MP3 player with high wattage rear oval speakers.

The music version cars are the perfect choice for the young generation. The car body tattooed with musical notes, graphics makes this little yet powerful car more special.

The Muzic edition comes with an affordable price so hurry and make your booking now!

The economic crisis has affected the car industry  in a big way but it is interesting to know that despite the slow down the car manufacturers have not lost their spirit and continue to  launch new models, setting up new plants and expanding dealership networks.

The Korean car manufacturer Hyundai rolled out the new version of  Verna in India. The old Verna was a success and adding something more style and feature is bonus to the customers. It is available in four variants in both petrol and diesel versions.

Compared to the old Verna, the changes in the new Verna is prominent with changes like stylish radiator grille, electrically adjustable ORVM, new chrome insert in waistline moulding, rear chrome garnish and a new full wheel cover. The interior is complimented with latest designs changes, high quality upholstery, and upgraded music system.

The best of the features is yet to come and that is the automatic transmission that Verna offers with one of the new variant. With the price tag ranging from  Rs 637,700 to Rs 865,350, the new Verna comes with attractive colours like Blushing Red, Stone Black, Crystal White, Champagne Gold, Sleek Silver & Deep Ocean Blue.

It is is difficult to digest for men, when women show their passion for cars. Women are showing great interest in car photography.

The word 'motor' is always with men's world Many assumed and still are under the wrong impression that women do not know anything about cars But  Shraddha Kadakia proves them all wrong with her love for cars and photography. This young girl loves to photograph the beauties on wheels at exclusive locations along with various car stunts performed by the drivers.

Some of her impressive photo shoots include latest launches, car accessories and technologies which including Skoda, Maruti, Bajaj, Apollo and many more. Shraddha accepts the fact that automobile photography is all new segment for women in India. She also confirms saying that it is not a glossy world with AC rooms and luxury comforts. One has to be really strong and have the ability to deal with heavy metal, heat, heavy lights and long hours.

Chevy as popularly known globally has showcased its all new cute little car Spark at North American International Show. Spark has already won many Indian hearts with its smart design, luxurious features and flawless performance.

It is said that the new Spark will carry a different name and will fall under the class of premium hatchback. It is time for Hyundai i20, Tata Indica Vista, Maruti Swift, and Skoda Fabia to fasten its features as new Spark could spark it up.

However, the existing Spark which is heartthrob of the people will not be replaced and will continue its magic on the Indian roads. Created by GM Europe, the new model will hit the Indian roads by 2011.

The new Chevrolet Spark will be beautified with mind blowing style, spacious cabin and most importantly the fuel efficiency. It will create a new theme in the list of premium hatchbacks.

Renowned Japanese car manufacturer Toyota Motors is working on a on a car that will will powered by solar energy. The project is said be a secret where the company is not willing to reveal the details.

It is said that solar car will get its power from the solar cell which will be fitted on the car. Solar panels that can be fixed on the house roof will generate energy for recharging. These panels are in size of of 60 tennis courts and are capable of producing enough electricity to power 500 homes.

If every thing falls on the right track then solar car will be great achievement for a car industry. Toyota's this green step will allow the company to reach further heights of success. Hope India too will get a taste the power of solar energy

Toyota leader in the 'green car' will definitely come out with something unique and 'green'. Toyota solar car will take few years to roll out. Let's hope that Indian car industry too will some day have solar cars.

Foreign car manufactures cheers up this new year with all new amended export policy. The Indian Ministry of Commerce renewed its existing export policy giving a ease to the foreign car manufacturers. Earlier the the export policy allowed the foreign car manufacturers to strictly export from the country of production. But now the new car can be exported to India irrespective of its place of production.

The elasticity of the policy will allow the export process to be much simpler. The catch is that policy is implemented only for the new cars with the free on value (f.o.b) value of Rs 1.9 million or more and also the engine capacity of more than 3,000cc for the petrol version and 2,500cc for the diesel version.

The prior policy which was implemented n the Exim Policy for 2001-02 was unfriendly to a certain extent and created a lot of exporting issues. The new policy will now help the car manufacturers hailing from the inland countries.

Increase in fuel price and interest rate has made the car buyers think twice before investing in car. People are now looking for more fuel-efficient cars that will take away some burden from them.

Here is the good news for the car buyers; a group of students from RV College of Engineering (Bangalore) has developed a car that carries an amazing fuel economy. The car designed by a team of Mechanical Engineering students is an aerodynamic, tremendously lightweight prototype with a 97 cc generator engine and a very low 2bhp of power. The car is enhanced with an air-cooled engine with molten sized recumbent rear. Now with the best part is that the car delivers mileage of 180 Km per litre.

The car weighs 55 Kg and is a single-person car comes as a 10 feet long, 2.5 feet wide and high and has to be driven in a reclining position.

It is good to know that the younger generation is thinking of innovative ideas. And the saying “necessity is the mother of invention” perfectly suits this car!