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.

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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.

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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%. 

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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.

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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.