Indian Automotive Industry registers a growth of 2% overall in the month of January 2015 as against January 2014.The industry produced a total of 1,976,270 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in January 2015 as against 1,937,489 in January 2014. The numbers were helped by Passenger Vehicles which grew by 3.62 % over the current fiscal (April 2014 - January 2015), whereas commercial segment registers a negative growth of 4.6%. Three Wheelers is showing robust growth despite several issues.
In April-January 2015, overall automobile exports grew by 19.40 percent over the same period last year. Passenger Vehicles, Commercial Vehicles, Three Wheelers and Two Wheelers grew by 6.66 percent, 14.73 percent, Read More
IRDAI - Insurance Regulatory Authority of India has proposed reduction in premium on insuring small private cars and certain types of two-wheelers. However, it has plans to raise the same for several categories of goods vehicles. The authority has released exposure draft on premium rates for motor third-party (TP) insurance covers for 2018-19 fiscal and has invited stakeholders comments till March 22. The draft proposes to increase the premium on e-rickshaw from the existing Rs 1,440 to Rs 1,685 in the next financial year starting April 1. The regulator has proposed to lower the premium for third-party insurance, which is mandatory, on cars with engine capacity of less than 1,000 cc to Rs 1,850 from the existing Rs 2,055. Read More
Honda Motorcycle and Scooters Indiahas launched its premium motorcycle - 160 cc X-Blade at an aggressive price of Rs 78,500 ex-showroom New Delhi. The new motorcycle will be sold alongside the Unicorn, Hornet and CBRs. The new motorcycle comes with a first in segment full LED headlamp with position lamp and full LED tail lamp. The n X-Blade promises a brighter light throw than standard halogen lamps. A 9 LED position lamp setup ensures that the X-Blade stands out of the crowd. The bike sports aggressive tank design, alloy wheels, dual outlet muffler & digital meter.
To enhance the sporty character of the bike the vehicles comes with a wide 130 mm rear tyre, long 1347 mm wheelbase & mono-shock rear suspension for better high speed handling. There are other convenient features Read More