Irdai has proposed to increase the Motor Third Party premium rates for cars below 1000 cc to Rs 2,120 from the existing Rs 1,850 for the fiscal 2019-20.
'It is going to be as high as 50% in the coming one or two months and can be about 20% to 25% in the medium term.'
The regulatory burden is the highest on small cars, a key segment of the Indian automobile industry and having a uniform tax structure across all segments of vehicles will not augur well for the sector growth, according to Maruti Suzuki India chairman RC Bhargava. He also said India's economic growth rate could be higher if the manufacturing sector grows fast, which 'unfortunately' has remained a laggard despite the best efforts of the Narendra Modi-led government at the Centre due to implementation gaps at the ground level. "The burden of regulatory changes on the small cars is far higher than the regulatory burden on big cars and that is changing the whole market behaviour.
BMW plans to launch 15 models during this year, with four brand new models that would be imported from our global centres and the rest will be re-launches.
Huracan, which will replace Gallardo, will be available from September and is expected to be priced upwards of Rs 3.4 crore (Rs 34 million).
Take this quiz to know the personality traits of cars owners.
The car is the first from the luxury brand to feature Jaguar's next-generation aerospace-inspired aluminium body architecture. The model was showcased in the presence of a well known chat show host Jay Leno.
Sales of Mercedes-Benz in the country have jumped by 36.67 per cent to 16,497 units in 2022-23 amid high demand for its top-end vehicles, according to its India MD & CEO Santosh Iyer. "This is the highest-ever sales recorded by the company in any financial year," he stated. In the luxury car segment of India, Mercedes-Benz is the market leader with about a 42 per cent share.
A Delhi court on Monday granted interim bail to actor Jacqueline Fernandez in a Rs 200 crore money laundering case against alleged conman Sukesh Chandrashekar.
Senior Tesla executives including those from its supply chain are planning to come to India on Wednesday and Thursday for meetings with government officials, including those in the Prime Minister's Office, according to sources. Prashant R Menon, director of Tesla India, did not respond to a specific query on the meetings. Sources say that the executives are coming to see how they can expand and develop local sourcing of components from India for the Tesla car.
In March 2021, Ola Electric founder Bhavish Aggarwal was seen surveying an empty 500-acre land surrounded by shoe factories, temples, bakery shops, coconut trees and dusty roads in Pochampalli town of Krishnagiri district, Tamil Nadu. Many excavators and workers were busy at the construction site to build the Ola Futurefactory for electric vehicles.
Ratan was extremely ethical in his dealings, which he brought to bear on the business house which he helmed, remembers Sailesh Kottary.
Hotel rooms, usually in the range of Rs 20,000 to Rs 25,000 a night during the peak season, are now available for Rs 7,000 to Rs 10,000 a night.
Virat Kohli happens to be an avid motoring enthusiast and a quite a fan of Audi cars.
It can give a peek into your personality.
It's in the reverse gear on the list of the most-aspired-for cars in India, but the iconic brand is hoping to regain lost ground with cheaper models.
The police said ever since Chandrasherkar has been jailed, the prison had become a hub of illegal activities which he carried out with the help of jail officials.
German luxury car maker Mercedes-Benz is preparing to commence leasing vehicles to consumers in the Indian market by the end of this year. No other luxury car maker in the country currently offers vehicles on lease directly to customers.
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
Leading the growth for Audi in India are the Audi Q3, new Audi Q5 and Audi Q7.
Almost every company launched a new product in FY16.
The company has expanded its line-up to nine models with several variants, making it the most aggressive luxury auto player in the country.
The luxury car maker plans to recruit 1,000 people next year; in five years, research staff had jumped from 700 to 3,500.
Mumbai police formed 11 teams and also roped in the Crime Branch to nab the 24-year-old son of a ruling Shiv Sena leader after a BMW car the youth was driving crashed into a scooter, killing a woman and injuring her husband, an official said.
Tendulkar helped by the engineers at German-headquartered BMW's Chennai plant tried his hands in assembling a luxury car.
India is among the top five markets for Ghost model in the Asia Pacific region.
German luxury car maker has expanded its product offering with the launch of 11 products this year.
Popular YouTuber and social media influencer Elvish Yadav is making his presence felt inside the Bigg Boss OTT house.
The two-seater sports-car powered by a 2,979 cc petrol engine is being launched as a part of the company's move to strengthen its position in the Indian luxury car segment.
A weaker rupee against the US dollar and the Japanese yen along with margin sustenance pressures have forced companies to raise prices.
Honda Cars India Ltd is looking to hike prices of its entire product range in the country from the first week of January as it aims to partially offset the effects of adverse exchange rate and inflation.
High net worth individuals in their mid-40s were the majority of customers opting to purchase the British luxury automobile maker Rolls-Royce's range of cars in India, a company official said. Rolls-Royce Motor Cars on Tuesday launched its latest all-electric - Spectre - priced at a whopping Rs 10 crore (ex-showroom), in Chennai. A 'Chartreuse' (greenish-yellow) colour variant of the Spectre rolled out of the podium at an event marking the formal launch of the brand in the South Indian market showcased for aspiring customers and dealers.
Lillian Carter, a trained nurse and a Peace Corps worker, spent two years of her life, when she was in her late 60s, serving the poor in India, in the 1960s. She was posted as a volunteer to Vikhroli, then a village 30 km outside of Mumbai and a Godrej township, and was there from 1966 to 1968.
Reliance Industries, headed by India's richest man Mukesh Ambani, has bought an ultra-luxury Rolls Royce hatchback costing Rs 13.14 crore.
German luxury car manufacturer Audi on Thursday reported 17.8 per cent growth in October sales at 1,002 units.
This enterprising duo sell tea from the boot of an Audi.
The high court said the investigation has shown the crime proceeds were used for air travel and purchase of high-end branded gifts for Bollywood celebrities.
German luxury car maker Mercedes Benz on Friday said it will hike prices of its products across models by up to 10 per cent in India from next month.
Probationary Indian Administrative Service (IAS) officer Puja Khedkar, who is at the centre of a controversy over alleged misuse of power and privileges, may be terminated from service if found guilty, official sources said on Friday.
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