Indian Auto Industry Crosses the 2 Cr Units Milestone

The Indian automobile industry has crossed the important milestone of notching domestic sales of over 2 Cr units for the first time ever. However, Indian automobile industry has witnessed low single digit growth of 3.78 per cent to sale 20,469,385 units in FY 2015-16 against 1,97,52,580 units in FY 2014-15. Fiscal year 2016-17 is expected to be better in terms of overall performance as the auto sector consolidates on the gains of FY’16 and builds further. A number of new model launches and refreshes planned by carmakers should see more action at ground zero.

Read more at http://www.autocarpro.in/news-national/india-auto-sector-crosses-domestic-sales-million-2015-11116

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Supreme Court Extends the Diesel Car Ban in Delhi

The ongoing diesel car ban which was enforced in December 2015 to March 31 2016 has been further extended to end of April now. The three-judge bench led by the Chief Justice of India, TS Thakur, said that it would lift the ban only if carmakers agree to a one-time environment cess.

The Supreme Court of India has banned diesel vehicles of more than 2000 cc in the national capital region as a measure to combat pollution in the city. The bench also asked the Central & Delhi government to examine the claim by automobile companies that modern diesel engines don’t cause more pollution than petrol engines since they work on superior technology.

The bench in December 2015 also banned the entry of large commercial vehicles like trucks, lohry etc. in the city after which 400,000 trucks had been diverted from Delhi and Rs 152 crore collected as cess which will be used to combat pollution & make greener roads.

It has also extended the deadline for private taxi operators to switch to CNG from diesel by another month.

Automakers like Toyota & Mercedes which were hit highest by the decision are not happy as most of their cars stock has been piling up at the dealerships in Delhi.

While the diesel car ban continues in Delhi you can now exchange your old diesel car & buy a new pre-owned petrol or CNG car at Shriram Automall, the company offers most extensive range of pre-owned cars with petrol & CNG engine options to choose from.

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LCV Segment Back on Track in FY 2016-17

The light commercial segment that was hit badly due to the economic slowdown & low rural demand is now showing the signs of revival in last few months.

In February the segment grew by almost 10% when compared to the same month in 2015. The sales stood at 33,324 units, whereas Feb 2015 sales were 30,382 units.

As per the ICRA rating agency the growth is here to stay. According to a report on Indian commercial vehicle industry, the outlook for the LCV segment is improving on back of low-base and improving viability. "We expect that the demand is likely to pick-up in FY 2017 on back of expectation of replacement-led demand (i.e. three years of declining sales), some pre-buying ahead of the implementation of BS-IV norms (by April 2017) and gradual improvement in viability on back of lower diesel prices," the report said.

Contradicting the earlier prediction of decline by 2-4% now the segment is all set to grow by 10% approx by the end of FY 2016-17. The overall commercial vehicle segment is showing a positive outlook & growth can be seen in all segments. The M&HCV (Truck) segment has registered a growth of 30.6% in the first 11 months of FY 2016. ICRA also expects the domestic industry volumes to recover in the near-term on back of expectation of fresh permits by some of the key states like Maharashtra in Q4 FY 2016. Accordingly, industry volumes are expected to recover and grow by 8-10 percent in the domestic market in FY 2017.

Meanwhile the industry is hopeful of achieving the desired growth the outlook for used commercial vehicles also ride high as the segment continues to perform well even in the bad day. Now when we have the industry pundits predicting growth in new CVs the used commercial vehicle will outgrow the numbers significantly.

In conclusion if you are looking ahead to buy a used Commercial Vehicle than visiting Shriram Automall will turn out to be a good decision as the company offers a wide range of used CVs under one roof at competitive price.

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SIAM praises the Delhi budget, says it’s a big boost towards sustainable mobility

Couple of days after the state budget of Delhi was announced; the Society of Indian Automobile Industry (SIAM) hailed the budget & said it is a big boost towards sustainable mobility of the state & urged other cities to come up with similar or better initiatives to promote sustainable mobility in their respective states.

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“Budget of Delhi aims to boost the public transportation system, The Delhi government is all set to introduce 1000 new non-ac busses. It will invest a significant amount of Rs. 325 Cr. towards it which will translate into lesser use of personal transport for daily commuting leading to less congestion on roads” said Society of Indian Automobile Manufacturers (SIAM) in a statement.

The budget also paid attention towards welcoming more electric vehicles in the state as it exempts the road tax on registration of electric & hybrid vehicles & also reduce the VAT rate from 12.5% to 5% on battery operated transport means including e-rickshaw, battery operated vehicle and hybrid automobile.

Welcoming the state government's plans to acquire new buses, it said: "These steps in totality would lead to a more robust public transport system. SIAM believes that these steps taken towards strengthening the public transport system would go a long way in addressing the issue of traffic on road."

With these new initiatives by the government we are certain that the people of Delhi would love to reap benefit out of the new rule & buy more electric vehicles to trim down the pollution which is today a major life threat around the world.

If you are looking to buy a used hybrid car in Delhi than paying a visit to Shriram Automall would help as the company offers the most extensive line up of used hybrid cars & CNG cars under a single roof. 

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Tesla – the Electric Auto Giant is all set to enter India

Tesla motors famous for its unique electric cars that offer luxury at its best is all set to enter India in 2018. The decision came after the visit of Prime Minister Narendra Modi to Tesla Factory in the Silicon Valley in 2015 and with the launch of its all new Model 3.

Elon Musk, CEO of Tesla Motors announced that it will bring its latest Model 3 to India at a price range of approx. Rs. 50 Lakhs, the car is said to be the most affordable & effective offering by the company that has already backed 2,32,000 pre-orders.

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The electric car promises a driving range of at least 215 miles (346 km) on full charge and claims a 0-60 mph (0-97 km/h) acceleration time of less than six seconds. The model 3 will come in both rear and front wheel drive versions, and there's a 15-inch landscape touch-screen inside — an interesting change from the 17-inch portrait touch-screen in the Model S and X. Autopilot is standard and all the safety features will be active automatically, the car can accommodate 5 people comfortably.

India launch of model 3 will be giving a big boost to the country’s aim to become 100% electric vehicle nation by 2030. As per the early reports many India business tycoons have also placed the pre-order of the car by paying $1000 as they believe the car to be future of automotive industry & wish to contribute their part towards a green society.

The car will only come to India in 2018, meanwhile you can contribute your part for a green society by buy a used CNG car from Shriram Automall, the company offers a wide range of used CNG cars that omits less pollution when compared to the diesel or petrol engine cars.

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