The long awaited GST rollout is now finally likely by July 2017. With the Government keen on introducing the Bill in the second half of the current budget session in Lok Sabha, the Indian automotive sector is eagerly awaiting to rev up and reclaim its position as the third-largest auto market in the world. Having negotiated some tough roadblocks and speed breakers brought by demonetization and its after-effects, the sector is ready for the next step – the GST. So will GST impact the sector? And how?
Once you have bought that car of your dreams, you will definitely want to keep the car’s ‘look and feel’ good for a longer period of time. While the ‘look’ part can be easily taken care of by regular cleaning, the ‘feel’ part can be made easy too, with these super-simple tips to keep your engine running smoothly.
In a country that is obsessed with F1, unfortunately automobile racing has since long been associated with a single name – Narain Karthikeyan. Along with being a former Formula Asia Champion, Karthikeyan is also the only player from India who has participated in F1. In spite of being hugely popular as a spectator sport, automobile racing has not really seen much participation in the country. It is treated more as a sport to watch rather than something to be seriously competitive about. Read on to understand why India is not actively involved in this adrenaline-thumping sport.
The Indian automotive sector was expecting Finance Minister Arun Jaitley to announce a series of steps in Union Budget 2017-18 to boost sale of new and used cars over next few months, especially considering the impact of demonetization on the sector. Some big ticket announcements like reduction in indirect tax rates, reduction in excise duty on importing components, and exemption on local research and development were almost a certainty.
Buying a car is an expensive proposition; but unfortunately, even a brand new car loses about 20% of its purchase value the moment it steps out of the dealership. Hence, even though you might want to drive a new car every couple of years, it may not be financially feasible.
What is feasible, however, is turning your old car into a brand new car every few years. Here are our expert tips on how to drive a ‘new old’ car.
Over the last few years, the Indian car market has been largely impacted by Indians’ love for SUVs. Stuck to the same old models for a long time, car lovers were fascinated by the onslaught of new models. With most auto giants having announced their plans for big launches, 2017 is going to be a bumper year for all these SUV enthusiasts.
A car is the first big-ticket purchase in the lives of most people. The first major expense you plan from the moment you start working and earning money. Be it for the practical reason of the daily commute or just to assert your independence, a car has become a necessity these days. However, regardless of the model you choose or the money you make, it is wise to take a loan for buying the car. While there are enough financial institutions offering car loans, here are a few things you need to know before you opt for a loan.
The charm of going on overseas assignment, for any travel buff, is exploring a new place. Hence, while on a short assignment near the famed Lake district in UK, my plan was to use all weekends to their fullest and explore the beautiful English countryside. Fortunately, with me was a group of like-minded colleagues, equally keen on discovering Britain before it was time to leave. The fact that I had taken an international driving permit was a boon since adventure and public transport do not really go well together, at least not in UK.
December 2016 saw the who’s who of the automotive sector descend upon the glittering NDTV Car and Bike Awards. Over 12 years, these awards, launched with the aim of honoring excellence in performance, have grown from strength to strength, and now stand out as the leader of the automotive awards in India. An eminent jury comprising of the top names in the country, a fair selection process and credible names associated with it make the NDTV car and bike awards the Oscars of the auto sector in the country.
The Union Budget to be presented on February 1, 2017 has the entire nation on tenterhooks. Post demonetisation, growth appears to have slowed down, and automobiles, like most other industries has seen a negative impact. A decline of almost 19% in vehicular sales was seen in December, a sixteen year low. The restrictions on diesel vehicles of more than 2000cc in the NCR market and anti-diesel sentiment have also impacted automobile sales. In this scenario, the upcoming budget is extremely crucial for the sector.