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