Buying a car, particularly a diesel-powered one, is set to pinch the customers' pockets even more from the next financial year, as the second phase of Bharat Stage VI (BSVI) emission norms kicks in. The rules require cars to be compliant with real driving emission (RDE) norms, which measure pollutants emitted by cars while they are being driven on the road, unlike in a laboratory test. The norms may increase the cost of producing diesel vehicles by nearly Rs 75,000 to Rs 80,000, and petrol-powered ones by Rs 25,000 to Rs 30,000, analysts said.
The two-wheeler industry was hit by an increase in insurance rates, liquidity crunch, poor sentiment, rural distress and uncertainty over the BS-VI regulations, among other factors.
Only five of India's top 20 car models have seen a reduction in wait times over the past year.
Companies also said confidence was yet to return among buyers, with many holding back their decision to buy cars.
Apart from physical stores, the company operates 2,700 digital touch points in the form of web pages, which is gaining good traction from tier-II and III centres.
In a complaint to the Acting Assistant Secretary for Civil Rights Suzanne Goldberg and Deputy Assistant Secretary for Enforcement Randolph Wills, the Hindu American Foundation has asked the Office of Civil Rights to investigate and determine whether the University of Pennsylvania and its Department of South Asia Studies, South Asia Center created a hostile environment for students and faculty of Indian and Hindu descent, and whether the same entities and individuals misused any federal funds.
The Royal Observatory Greenwich shortlisted 34 images for its Astronomy Photographer Of The Year 2023 competition from thousands of entries received from all over the world.
The king and his wife, Camilla, the queen consort, travelled from Buckingham Palace to Westminster Abbey -- a distance of 2.2-km -- at a stately pace in the Diamond Jubilee State Coach bearing a gilded crown, which was commissioned for Queen Elizabeth II in 2012.
President Droupadi Murmu on Monday joined around 500 world leaders, including US President Joe Biden and royals from across the world, at Westminster Abbey for a sombre ceremony to bid farewell to Queen Elizabeth II, the UK's longest-serving monarch.
The company would roll out the BS-VI range of products and an automatic transmission version of its latest car 'Triber' next year.
TVS Motor Company, the only company in India to manufacture mopeds, said domestic sales dropped by 25.58% in April-Oct and exports fell by nearly 40%.
Around 23 per cent of all units sold by the company in the domestic market currently are diesel cars.
"The Queen died peacefully at Balmoral this afternoon," Buckingham Palace announced in a statement on Thursday.
Companies expect recovery in second half of fiscal as BS VI approaches, claim banks and NBFCs showing greater interest in financing.
Domestic passenger vehicle sales declined 0.84 per cent to 2,63,773 units in November from 2,66,000 units in the year-ago period. Motorcycle sales, too, declined 14.87 per cent to 8,93,538 units. Vehicle sales across categories registered a decline of 12.05 per cent to 17,92,415 units from 20,38,007 units in November 2018.
Passenger vehicle wholesales in India increased by 17 per cent in the second quarter of the current fiscal year as buying sentiment improved and companies stocked up to cater to enhanced demand in the festive season, auto industry body SIAM said on Friday. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicles sales in the July-September quarter increased to 726,232 units from 620,620 units in the same period last year. Similarly, two-wheeler sales during the September quarter this fiscal rose marginally to 46,90,565 units as compared with 46,82,571 units in the same period last fiscal. However, commercial vehicles sales saw a dip of 20.13 per cent at 133,524 units in the quarter under review as compared with 167,173 units in July-September 2019.
Vehicle prices have gone up as manufacturers gear up for the transition to stricter emission norm BS-VI from BS-IV beginning April 1.
The entry level car, brainchild of Ratan Tata who envisaged giving a safer and affordable alternative to families riding on two-wheelers, received lacklustre response from the Indian consumer. Tata Motors to bid adieu to Nano from April 2020.
With diesel cars set to become costlier from next year with the implementation of stricter BS-VI emission norms, major automakers in India are contemplating about the future of such vehicles in their portfolios.
While commercial vehicle (CV) sales were the worst hit, down by 21 per cent to 67,793 units from 85,833 units, two-wheeler sales dropped by 16 per cent to 12,64,169 units from 15,00,545 units. Passenger car sales dropped nine per cent to 215,716 units from 236,586 units.
Queen Elizabeth II will be buried with her late husband Prince Philip at the conclusion of a solemn state funeral service made up of an hour-long ceremony at Westminster Abbey in London on Monday, Buckingham Palace announced on Thursday.
The diesel car becomes too expensive with BS-VI and market assessment says the customer will not buy it at that price, says R C Bhargava, chairman, MSIL. He expects buyer preference to change swiftly in favour of petrol, CNG, and other alternative technologies.
The model, which will compete with the likes of Hyundai Verna, Maruti Suzuki Ciaz and Skoda Rapid, now features smart devices ecosystem including Alexa remote capability and 32 connected features as standard feature across all variants with a five-year free subscription.
Two-wheeler sales, however, declined 21.4 per cent to 14,13,378 units last month, as compared to 17,98,201 units in November 2019. Commercial vehicle sales also slipped 31.22 per cent to 50,113 units, as against 72,863 units a year ago. Similarly, three-wheeler sales fell 64.98 per cent to 24,185 units last month, from 69,056 units in the year-ago period. Tractor sales, however, grew by 8.47 per cent to 49,313 units last month, against 45,462 units in the same month last year.
From Hyundai to Tata Motors, automakers are staring at a bleak future. With no succor provided in the Budget, the pain for companies is likely to continue for the next two quarters.
"Over the last 10 days, my wife and I have been so deeply touched by the many messages of condolence and support we have received from this country and across the world," Charles said in a statement
At a ceremony in London on Thursday, the New Delhi-based writer said she was 'completely overwhelmed' with the 'bolt from the blue' as she accepted her prize, worth GBP 50,000 and shared with the book's English translator, Daisy Rockwell.
Maruti has announced it will phase out diesel variants from April 1, 2020, when stringent BS VI norms take effect
The state funeral on Monday will take the form of an elaborate ceremony that will see Her Majesty's coffin transported from Westminster Hall to Westminster Abbey and finally to Windsor Castle.
Declaring that they consider the avoidance of war between Nuclear-Weapon States and the reduction of strategic risks as their foremost responsibilities, the leaders of the five countries in a joint statement said, "we affirm that a nuclear war cannot be won and must never be fought."
The ongoing elections and overall subdued market sentiment continue to affect the sales momentum
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
'Queen's mural is going to stay here for years and years to come.'
Prime Minister Narendra Modi meet Pope Francis, the head of the Catholic Church. for the first time. Although the meeting was scheduled for only 20 minutes, it went on for nearly an hour.
New regulatory rules, softer freight rates and a liquidity crunch at non-bank lenders are among the reasons.
It came on the back of tepid dispatches in the March quarter as consumer sentiment took a knocking, owing to uncertainty ahead of the general election.
While the share of diesel vehicles sales in the overall passenger car industry has already fallen sharply, sales of CNG vehicles have shown a compound annual growth rate of 15.5 per cent over the past five years.
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