Daimler Trucks optimistic about growth in 2014 through India exports

After observing a remarkable growth in sales from emerging markets, like India, Daimler is quite positive about its trucks business in 2014. It is going to keep India as an export benchmark for African and Southeast Asian markets.

Started in 2013’s second quarter, Daimler’s FUSO brand vehicles (manufactured from its Chennai plant) will continue to be exported to Southeast Asian and African markets in 2014.

Daimler's BharatBenz is going to launch an additional model in Indian market, which is expected to enhance its sales in Asia.

Daimler India Commercial Vehicles (DICV) has been associated with Mitsubishi Fuso Truck and Bus Corp (its Japanese subsidiary) and BharatBenz for the production of trucks to be exported to growth markets since May 2013.

Read more news, just click here.

SAMIL launches its 31st Automall in India at Raipur

With an aim to facilitate the trade of used vehicles and equipment in a structured manner, Shriram Automall India Limited (SAMIL) inaugurated its new Automall facility, spread across 4.3 acres of land, in Raipur.

While enhancing the reach of its footprints across nation, the company has already set up 31 Automalls in the major cities of India. Through this facility, it is all set to serve a completely transparent and well-organised platform which will further eliminate risk involved in the transactions of pre-owned vehicles and equipment; thus making life of people in Raipur simply sorted.

While launching two new initiatives, namely Shriram New Look and Shriram One Stop, SAMIL made some incredible additions to its services in Raipur’s Automall.

Acknowledging the long-term association of its customers, SAMIL distributed numerous Privileged Bidder Cards under its recently launched Driving Your Trust Programme.

In the presence of esteemed names from industry, the inauguration was followed by a live bidding event in which more than 50 vehicles were displayed for disposal. The massive footfall at the event was justified by more than 200 registrations which further contributed in the successful disposal of around 40 vehicles. For the very first time, every second of the event was shared with SAMIL’s valued customers sitting at home through a live telecast of bidding.

Also, more than 15 cheques were distributed to the children of Raipur under SAMIL’s Education Scholarship Programme. 

Used cars market booming in India

With used cars in India winning the race over new cars, India is gradually catching up with the world around. In case of new cars, the sales figures always showcase a lower trend with discounts at high rates which further forces the government to cut down excise duty for generating demand. The average sales figure for used cars is 3 million whereas it is 2.7 million for new cars. On comparing growth figures between the two, the situation is harsher as it is 22-25% for used cars and a flat figure for new ones in the last 3 years.

As per industry officials, Indian auto market is heading towards growth just exactly the US way where  annual sales of used car is three times the sales of new cars i.e. 44 million.

With the recent reduction in excise duty, a change is definitely expected in the business scenario. The used car business is certainly going to witness an upward trend because of a well-organised structure now.

Read about used cars, then Click here 

Honda reduces 2-wheeler prices due to reduction in excise duty

As a result of 4% reduction in excise duty of two-wheelers with reference to the Interim Budget 2014-15, Honda Motorcycle & Scooter India (HMSI) decided to give the entire benefit to customers by reducing its products’ prices by up to Rs. 7,600.

The minimum reduction served by the company is Rs. 1,600 on Dream Neo motorcycle, which is offered at a cost between Rs. 43,150 and Rs. 47,289. Its maximum price cut, Rs. 7,600, is given on CBR 250R performance bike which is priced between Rs. 1.58 lakh and Rs. 1.93 lakh.
According to the budget, the reduction in excise duty is applicable on motorcycles, small cars, scooters and commercial vehicles, which is 8% in comparison to 12%, before. On SUVs, it has been cut down from 30% to 24 %. While large cars witnessed reduction from 27% to 24%, mid-sized cars faced the reduction from 24 % to 20%. 

Read more about bikes at: 

Used bikes –boon to India’s automobile sector

Reasons to prefer second hand commercial vehicle

Starting a business with the second hand commercial vehicle or upgrading the existing vehicle is a right choice.

While starting a business huge capital is needed to raise assets and more funds, buying a second hand commercial vehicle is a good way out as one can decently use the raised capital on the most prioritised asset or other things.

·         Second hand commercial vehicles are comparatively more reasonable than the new ones;

·         All you need to do is carefully set the budget and decide from where to raise funds to purchase the second hand commercial vehicle.

·         Each and every commercial vehicle is unique when we see to its price, safety and features.

·         Buyer of the second hand commercial vehicle firstly needs to decide his preference for the brand of the second hand commercial vehicle. There is a long list of commercial vehicles manufacturers. Buyers of the second hand commercial vehicle generally go with their brand loyalty.

·         Always select the used commercial vehicle that goes with your business needs and has a clean record i.e. no accident report, no major damages.

·         So after deciding the price, manufacturer now it’s the time to decide how to raise funds for it.

·         Negotiate the claim price with the seller or the dealer of the used commercial vehicle.

·         Carefully examine the used commercial vehicle that you are willing to buy.

·         Visit the bidding events and bid from the large displayed variety of used commercial vehicles

“Shriram Automall India Limited is the pioneer in facilitating well-structured bidding platforms and offer its prospective buyers with a wide range of used vehicles and equipment in various segments, namely Construction Equipment, Commercial Vehicle, Tractors, Cars & SUV’s, 2 Wheelers, 3 Wheelers “- Mr. Sameer Malhotra, CEO of SAMIL.

Ashok Leyland launches 435E Backhoe Loader with John Deere

Ashok Leyland with its joint venture with construction manufacturer John Deere has launched the latest backhoe loader- 435E Backhoe Loader.

435E is targeting first time buyers and offers 10% improvement in fuel efficiency and the letter ‘E’ denotes the same. The construction equipment is manufactured from the company’s Gummidi poondi facility and is outfitted with ‘H’ series engine of Ashok Leyland.

As per the company’s sources customers will easily save 20% EMI.

Read more news at 

Overview on used vehicles

India is considered to be a high potential market for automobiles. Nowadays it’s a mandatory issue for everybody to possess a vehicle as it highlights your status, standard of living.  Due to the current economic slowdown, automobile sales are declining but the used vehicle market has experienced a radical growth. The flow in the demand for used vehicle has reached up to a much great heights.

Buyers are flooded with huge variety of used vehicle powerful models that surpass in terms of appearance and performance. The expected reason behind the declining desire in case of purchasing a brand new vehicle can be the high inflation and interest rates and may be uncertainty in the job market. Hence majority of people are turning towards the used vehicle segment.

Once when you decide the budget for your purchase of used vehicle and what kind of used vehicle you are interested in carefully make the proceedings.

• It is always  recommended  to do research work before buying a used car
• Used vehicles are always less expensive not only buyer gets the advantage of price but also of the insurance and registration fees.
•  Also the cost of the brand new vehicle depreciates immediately than the used vehicle.
• Always try to know the used vehicle history; accident cases, any major damages etc.  
• Always buy certified used vehicles, as they go through strict inspection and fair evaluated price
• Ask the seller  for the VIN  (vehicle identification number) and the list of used vehicle repair  history

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“Shriram Automall India Limited bestows the most professional bidding platforms to both its sellers and buyer of the used vehicles and construction equipment segment. SAMIL has evolved as a pioneer in facilitating consolidated services namely fair valuation, refurbishment and parking facility “- Mr. Sameer Malhotra, CEO of SAMIL.

Eicher Motors aims at 15% of total sales through export within 5 years

VE Commercial Vehicles (VECV) has decided to increase export with the introduction of its Pro Series of products, aiming at capturing 15% of its total sales through overseas markets within 5 years. As a joint venture between Volvo Group and Eicher Motors, the company has concluded to expand the export of Eicher brand in commercial vehicles by leveraging on the distribution network of Volvo in Africa, South East and Middle East Asia.    

However, as per company sources, there is no scope for Eicher to be taken to developed markets as it is supposed to remain affordable despite of being taken to volumes market with modern technology.

The company is also keen in entering left hand drive markets. After capturing 8.1% of its total sales in 2013 for the export of 3,300 trucks and buses, it now wants to go beyond Bangladesh, Shri Lanka, Tanzania, Kenya, Ivory Coast and Ghana to enhance exports.

Read more from automotive industry, click here 

Used bikes –boon to India’s automobile sector

Used Bikes Online

With increasing competition in economy and inflated cost of resources, efficiency at best possible cost seems to be a challenge. To overcome these factors now Indian automobile industry is inclining towards the second hand bike market.

India being the production hub of all kinds of automobiles is now attracting people who are of will to purchase their own vehicle at lower cost and used bike market gives that option. Quite a large number of people are working in unorganised economic sectors like dairy, casual labour, poultry farming and other domestic help. Thus, people give priority to the second hand bike when it comes to buying a bike for daily commuting because of the affordability factor. Another contributing factor towards the escalation of used bike segment is the money factor as buying a new bike will result into outflow of a big lump sum amount as compared to used bike segment. Nowadays people prefer used bikes for the entertainment purpose as lot of used bikes are purchased and ridden in leisure times just for the sake of enjoyment and are then left in the garage.

Buying a used bike helps people to easily choose from the wide variety of available used bike options and also one can easily buy the model of any make year of that used bike. Complete authentication is another reason that is catering to large sale of used bike segment.

There are many pre-owned bikes that are found in the used bike market. Few among them are Bajaj Platina, TVS XL Super, Hero Honda CBZ Xtreme Disk etc

“Shriram Automall offers an exhaustive range of used bikes, commercial vehicles, construction equipment, cars, tractors, etc and helps to make the journey of its customers convenient and smooth.” – Mr. Sameer Malhotra, CEO of SAMIL.

14% increase in passenger vehicles’ mileage is mandatory now

New norms for used passenger vehicles, namely Corporate Average Fuel Consumption, have been notified by Bureau of Energy Efficiency BEE under which it will be mandatory to increase their mileage by 14% from 2016-17 and 38% five years late to that.  

At present, the passenger vehicles’ mileage is 16 km per litre and as per the new norms it is expected to be 18.2 km by 2016-17 and 22 km by 2021-22.  

These new norms will be compulsory for entire automobile industry while covering all types of fuels, namely diesel, gas and petrol. And, once implemented, they will certainly put India into a league of nations, like United States, Japan, China and Germany where harsh penalties are enforced on the violation of norms.  

Read more news at :
http://shriramautomall.blogspot.in/2014/02/industrial-slowdown-to-put-additional.html

Auto Industry seeks incentives on tax from Government

After facing a tough time from many months, the automobile industry is asking government to make the taxation structure uniform and take away the uneven excise duties on passenger vehicles.

At present the excise duty on automobiles range from 12% to 30% while it is 12% on commercial vehicles. The government has already been asked to cut the excise duty on CV to 8%.

Suggested Readings for news:

INDUSTRIAL SLOWDOWN TO PUT ADDITIONAL STRESS ON CV LOANS

How Can We Buy a Used Car in India?

Over years, we have seen automobile industry enhancing its horizon to a great extent. Despite of new launches, every year, pre-owned segment of the industry is also gaining pace through structured platforms for trade. The major factor that contributes in people’s preference for used cars in India is price. Cost of new cars is always comparatively lower than the new ones. Pre-owned cars serve you an opportunity to enjoy luxury while investing less amount of money. Apart from all the positive aspects of pre-owned cars, there is a major drawback in dealing with such cases and that is risk. Instead of brand name, present condition of the vehicle contributes in your decision. Hence, one needs to extremely cautious while purchasing a used car. Let’s take a look at how we can do this without incurring any loss.

·      While you choose your pre-owned car, always opt for the latest option. Many a times, people just sell their nearly new cars a few months later to the purchase. In such a scenario, the warranty of those cars does not expire and gets transferred to the new owner. That will certainly contribute in peace of mind after you own it.

·         The best way to reduce the level of risk involved in such transactions is proper research on used car before finalising the deal. This way you get an assurance of your flawless journey with the used car ahead.

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Shriram Automall India Limited serves various structured platforms for the trade of used cars in India. Through a wide variety of inventory in good condition, it assures transparency and credibility in every transaction.

“At SAMIL, we have always aimed at making every experience of our esteemed customers simply incredible. With transparency and excellence, we aspire to be an indelible part of automobile industry. ” – Mr. Sameer Malhotra, CEO of SAMIL. 

Mahindra & Mahindra joins hands Canara Bank to finance vehicle

Mahindra & Mahindra got into a preferred financier tie-up with Canara Bank to facilitate its customers with an option to avail loan on cars.

This tie-up will help both the entities to take advantage of each other’s wide network across India, which includes 4,600 branches of the bank and Mahindra’s 250 dealers.

As per industry sources, the bank is enhancing its operations in the financing of passenger vehicle. 

Read more news:

What to Look Out for in a Used Vehicle

SAMIL Showcases in Auto Expo 2014

Visit Us At:

India Expo Mart, Plot No. 23-25 & 27-29, Knowledge Park-II, Gautam Budh Nagar, Greater Noida-201306, Uttar Pradesh, India.

Between 7^th to 11^th February

With the onset of a substantial month for automobile industry, Shriram Automall India Ltd. (SAMIL) strikes a pose in the Auto Expo 2014. Through a substantial participation, the company aims at spreading its words to a wide range of audience at the Auto Expo. While explaining the entire experience of bidding; the videos at company’s stall will share an in depth overview of participation in its various bidding events. For information on company’s offerings and accomplishments, there will be handbills, mini brochures and newsletters distributed to the visitors. Its plan for upcoming exclusive bidding events on used passenger cars will be shared through a Calendar.   

While facilitating a well-structured bidding platform for the trade of used Commercial Vehicles, Construction Equipment, Tractors, second hand cars & SUVs, three Wheelers and two Wheelers, the company has stood as a pioneer in its arena of the automobile industry. Giving a professional shape to every transaction, SAMIL presents these used vehicles and equipment on its physical bidding platform, online bidding platform, one stop kiosk and private treaty. On these trading platforms, every esteemed brand finds an essential space amongst a plethora of options. While coating every deal with excellence and transparency, the company craves for consistent evolution by regularly updating its allied services, namely Parking, Valuation, New Look (Refurbishment) and Easy Finance (through STFC).

“Auto Expo, 2014 is a great platform for SAMIL to present its substantial contribution in the used vehicles and equipment segment of automobile industry. With this participation, we aim at leaving an unparalleled impression of our expertise on a mass audience.” -  Mr. Sameer Malhotra, CEO, Shriram Automall India Limited

Read more at: http://shriramautomall.blogspot.in/2014/02/shriram-automall-awaits-your-visit-at.html

What to Look Out for in a Used Vehicle

The purchase of used vehicles involves a lot of risk. In this case, an owner’s maintenance capability is considered more in comparison to the name of a brand. People with very little knowledge of technical aspect, generally, end up buying a used vehicle on the basis of its looks. Various other aspects are completely ignored when a good looking vehicle stands in front us. But in long run, this practice serves no purpose. It will never result in a long term association with the pre-owned vehicle. Here are some of the points that must be kept in mind while purchasing a pre-owned vehicle. Let’s take a look at them.

·         Condition of Parts

It is counted as the first criterion in the entire selection process. If the vehicle’s parts are not in good shape, you will certainly have to get them repaired later. Buying a vehicle for getting it repaired is not at all a great idea. The deal will never be profitable. So, don’t forget to look for bent cranks, buckled wheels or worn tyres as their repair will be a big burden on your pocket.

·         Check if its stolen

The purchase of a stolen vehicle is counted as a crime. Make sure that the vehicle you are about to buy is well-researched in this aspect.

·         Cost

The main deciding factor in buying a used vehicle is its cost, which is calculated majorly on the basis of its parts’ condition. Make, sure that both the aspects complement each other.

SAMIL serves a wide variety of used vehicles and equipment through its various bidding platforms. It stands as pioneer in giving the most structured platforms for trading used vehicles in India.

 “In the arena of used vehicles and equipment in India, SAMIL has always aspired to deliver credibility along with a wide range of options. With transparency, the company will continue its journey towards great heights.” -  Mr. Sameer Malhotra

INDUSTRIAL SLOWDOWN TO PUT ADDITIONAL STRESS ON CV LOANS

As per the market sources, the continuing slowdown in the industrial sector along with unresponsive private consumption and rising diesel prices are likely to increase the stress in the commercial vehicle loan segment.

CV operator’s margins are expected to shrink if there is further rise in diesel prices.

Stable outlook was maintained both on asset performance and Asset Based Securities (ABS) transactions backed by tractor loans as the farm borrowers continue to be aided by a stable rise in minimum support prices, favourable rains and rural development initiatives.

Source:http://profit.ndtv.com/news/industries/article-industrial-slump-to-put-additional-stress-on-commercial-vehicle-loans-india-ratings-379523

Ashok Leyland reported 26% decline in January sale!

Ashok Leyland sold 7,847 units in comparison to 10,561 units in January 2013. Its M&HCV’s segment reported a decline of 19% with 5,530 units sold against 6,863 units in January 2013. The sale of its LCVs stood at 2,317 units against 3,698 units in the same period of previous year, accounting de-growth of 37%. Read more at : http://www.financialexpress.com/news/quick-view-ashok-leyland-sales-down-26-in-january/1222913

Advantages of Trading of Used Cars Online

With the onset of new media, trading has enhanced its arena to a great extent. Buying and selling of used cars is an important element of automobile industry. With a huge number of eyeballs to its credit, internet is considered to be a great medium for buying and selling used cars. Despite of various advantages, people doubt on this medium in terms of credibility and authenticity. But, with the incorporation of various reliable websites, this point serves no purpose now. Here are some of the benefits associated with this medium:

For Buyers

·         Easy and Instant

If you wish to buy used car online, a completely easy and instant experience is guaranteed for sure. It is also possible to buy a used car on the same day.

·        Wide Range of Used Car

As a buyer, you will have various options to explore online and you will definitely end up buying a used car of your choice.

For Sellers

·        Instant Revert

Once you have posted your advertisement of used car online for sale, do expect to receive a large number of reverts on an instant basis.

·         No Cost Involved in Advertising

When you sell your used car privately, there is a proper cost involved in spreading your words through an advertisement. But in case of online, such expenses are required.  

More related to used cars online, click here

Shriram Automall India Limited (SAMIL) offers various well-structured platforms to facilitate the trade of used cars. Its online bidding platform plays an unbelievable role in this aspect. Along with various allied services, SAMIL is prominently known for its great relations with the customers.

“The vision at SAMIL goes beyond profits to lead a business which is more of customer centric. Our motto has always been to develop strong relations with customers while contributing substantially in their growth.” – Mr. Sameer Malhotra     

Shriram Automall awaits your visit at Auto Expo 2014

SAMIL SHOWCASES IN AUTO EXPO 2014
From 7th - 11th February, 10 am - 6 pm

We awaits your visit to our Stand B1, Hall 4 at Auto Expo 2014

Location: India Expo Mart, Plot No.23-25 & 27-29, Knowledge Park-II, Gautam Budh Nagar, Greater Noida UP

Watch out for the Auto Expo as SAMIL aspires to add another milestone to its history with this participation.

Auto Expo 2014 – Mobile App now available for free:

Click here to install Click here to install Click here to install Click here to install Note: The app will guide you through your favorite area/stall at the venue, and you can also browse through the site maps, list of participants, exhibits on display & entertainment shows and many more.

What is the biggest truck in the world?

The world's biggest truck isn't a Ford F-450 Crew Cab pickup truck, or even a Mack truck with a double trailer. The biggest trucks in the world are used in mining, and perhaps calling them big is an understatement -- these trucks are truly enormous.

The giant dump trucks used to haul heavy metal ores out of mining pits weigh in the neighborhood of one million pounds (453,592 kilograms) and can carry and dump more than 300 tons (300,000 kilograms) of material in the back. Where a Honda Fit has 117 horsepower and a Jaguar XF has 300 horsepower, these mining trucks have about 3,000 horsepower available for moving all that mass.

Big Trucks by the Numbers

There are only a few companies that build the truly big trucks used in mining. Here are the contenders and the dimensions for each, including horsepower and payload, listed in alphabetical order by manufacturer:

Caterpillar 797B

• Height: 23' 6" (7.2 meters)
• Length: 47' 7" (14.5 meters)
• GVW: 688 tons (688,000 kilograms)
• Payload: 380 tons (380,000 kilograms)
• Engine: 3,370 horsepower

Hitachi EH5000

• Height: 23' 6" (7.2 meters)
• Length: 47' 4" (14.4 meters)
• GVW: 642 tons (642, 000 kilograms)
• Payload: 315 tons (315,000 kilograms)
• Engine: 2,700 horsepower and more, just read here

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For more information about big trucks and other related topics, read at http://auto.howstuffworks.com/biggest-truck-in-the-world2.htm

Nissan India’s sale grew by 29% due to Terrano

Nissan Motor India, Japanese car maker, again showcased good performance for the fourth successive year with a sale growth of 29% in January. The company sold 5,195 units in comparison to 4,028 units in January 2013.

More than half of the current sale is driven by its premium compact sports utility vehicle Terrano along with 1,273 units of Micra, 650 units of mid size sedan Sunny and 138 units of Evalia.  

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Read more news related to automotive industry, click here

Used Merc demand equals new car

As per recent market trends, the demand for used Mercedes has now become equal to the demand for new luxury cars. The cost of a new Skoda is 16-17 lakh and a used Mercedes Benz C Class is also available at the same price. In such a scenario, most of the people prefer to go for the latter option. 3-4 year old Audi A4, BMW 3 Series and Mercedes Benz C Class are counted in the best seller’s category and are available in the price range of 15-20 lakh. The 2008 model of Benz C Class in petrol version is of 12 lakh at present.

According to industry officials, the pre-owned luxury car market is estimated to be around 30,000 units per year. The market scenario is same for new luxury cars as well.

“People are changing their cars quite fast these days,” an Audi spokesperson said. BMW did not respond to HT’s request for a comment. Vinay Sanghi, chief of online car sales firm Cartrade, which is connected to 1,200 used car dealers across India, said most luxury car owners change their vehicles in three years, leading to a large supply of these cars in the second hand market.

Cartrade estimates the market for second-hand luxury cars to be about 30,000 units per year — the same as the market for new luxury cars. Most people HT spoke to said this estimate was largely accurate. “There is huge demand for used luxury cars that we can’t cater to,” said Yatin Chadha, senior V-P, Mahindra First Choice, largest seller of used cars in India. It recently opened its first showroom exclusively for used luxury cars in Gurgaon.

That demand was met by the unorganised sector. And as the market for luxury cars grows, the used car market is expected to grow in tandem.

Read more : http://www.hindustantimes.com/punjab/chandigarh/demand-for-used-merc-equals-new-car/article1-1178619.aspx

Click for Suggested Readings about Used cars in India