German car makers Audi and Volkswagen today cut the prices of their products by up to Rs 2.79 lakh and Rs 80,859 respectively in response to the government’s move to cut CENVAT by four per cent.
The country’s auto makers may have registered their worst ever domestic sales in November, but they can take heart from the fact that exports zoomed by a robust 61.88 per cent during the month. Total vehicles exported from Asia stood at 1,46,337 units in November against 90,398 units in the same month last year, according … Look
Tyre firms in Asia have cut prices by 3 to 4 percent across the board, following a 4 percent cut in Asia’s central value-added tax to customers. Apollo Tyres has cut prices by about 4 percent for all its products, while Ceat cut prices by 3.6% and JK Tyre & Industries cut prices by an … Look
Car prices could come down by up to Rs 45,000 and bus and truck prices by as much as Rs 2 lakh if manufacturers pass on the full benefit from the 4% cut in excise duties announced by the government on Sunday.
The 2008 Asia Initial Quality Study (IQS) sampled impressions, experiences and data from 6,000 new vehicle owners across 20 cities in Asia, and ranking 45 vehicles from 12 different manufacturers based on the information.
With the cost of a barrel of oil decling the Government has decided to cut fuel prices. Petrol will now be cheaper by Rs. 5 and Diesel will be cheaper by Rs. 2. Time to burn some rubber.
If you are waiting to buy a car, get ready to be pampered. To beat slowdown blues and ‘compensate’ customers for buying a car in December a month period people avoid to buy the next year’s model car companies have announced heavy discounts, running up to as much as Rs 91,000.
Luxury sedans such as Toyota’s Lexus and Mercedes Benz S-Class will be easier to import, especially from the US, with the government doing away with safety and emission certificates from the ‘country of origin’ but the vehicles must comply with European standards.
The economic turmoil has cast its spell on country’s oldest automobile company Hindustan Motors, with sales of Ambassador cars dipping by more than 33 per cent in the past few months.