Special Discount Offers On Yamaha FZ-S & FZ16
In order to further improve the sales of its FZ series, Yamaha has come up with a new offer for its customers on FZ-16 and FZ-S. If you are an owner of any of the Yamaha bike or a student then this one is for you. One offer is the Customer Referral benefit for FZ series and the other is the Student benefit offer.
In Custom Referral benefit scheme you can refer any of your friend to buy a Yamaha FZ-16 or FZ-S and you will get a reward of Rs. 500. Not only has this, the friend of yours who purchases the bike also gets a discount of Rs. 2500 on the bike.
In the other offer of Student benefit if you are a student then you will get cash reward of Rs. 3000 on the purchase of a Yamaha FZ-16 or FZ-S. This offer is valid from 6th July Valid till 31st August 09.
[Via: indianautosblog]
GM Offers Buy Back On Opel Cars
Finally Opel owners in India can rejoice. GM India is offering minimum buy back value of Rs. 1,25,000/- on old Opel vehicles in exchange for the Chevrolet Optra Magnum.
This scheme is basically in order to offload inventory of the Optra to make way for the soon to be launched Chevrolet Cruze in the Indian market. The scheme is for a limited time only.
Following is the buy back rates offered by GM India : -
- 1997 - 1999 - Rs. 1,25,000/- (on the Opel Astra)
- 2000 - 2001 - Rs. 1,45,000/ (on the Opel Corsa) and Rs. 1,55,000/- (on the Opel Astra)
- 2002 onwards - Rs. 1,65,000/ - (on the Opel Corsa) and Rs. 1,55,000/- (on the Opel Astra)
[Via: infibeam]
Toyota Camry Facelift Launch On 31st July
Toyota India will launch the facelifted Toyota Camry on 31st July, 2009. The mid-life facelift will have minor changes which includes:
- New front grill
- New headlight
- New fog lamps
- Indicators on rear view mirrors
- 10 spoke alloy wheels
- Aux input for audio system
[Via: motorbeam]
Bajaj To Launch 100cc Discover On 27th July
Bajaj had left the 100cc segment but is now re-entering it with the launch of a 100cc Dicover on the 27th of this month. Bajaj had earlier made a plan of launching six bikes in six months is targetting the mass motorcycle segment with the 100cc Discover.
The bike codenamed as DiscoverM or Discover K70 would be priced around Rs. 45,000/- and will compete against the Hero Honda Splendor plus and Hero Honda Passion plus.
"We are launching this 100 cc bike with DTS-Si. This 100 cc bike will give a mileage of 80 km per litre and run for 100 km in a day," Bajaj Auto two wheeler CEO, S Sridhar said.
Indian Carmakers Cashing in on Europe’s Green Drive
With the European countries urging its citizens to exchange their old cars for new cars that are fuel-efficient and eco-friendly, Indian small car manufacturers are eyeing the small car market in the European countries.
Many countries in Europe have come up with incentives to its citizens urging them to discard their old cars in favour of the new fuel efficient ones. The Government-sponsored incentive scheme is garnering huge demand for the small cars.
Hyundai Motor India recorded its highest export growth rate last month followed by Maruti Suzuki. The 11-year-old subsidiary of Korean carmaker Hyundai Motor recorded a 33% growth in exports in June to 24,241 cars over the same month last year.
On a sequential basis, exports increased 21% in June from 20,125 cars in May. Maruti's export rose 176% to 13,336 cars last month over 4,836 cars sold overseas in the same month last year. Month-on-month export increased 47% from 9,087 cars in May this year.
Small cars such as A-Star, i10 and i20 are in huge demand in the European market as these fuel-efficient models emit low volumes of carbon dioxide.
Hyundai's production schedule for exports is booked for the next two months and the company is now looking at bagging orders for September and beyond, helping the company post handsome profits.
[Via: Carazoo]
Audi India To Expand Dealership Network
Audi India plans to increase its dealership network in the country and aims to grab 30% share of the luxury car market by 2011.
Audi currently holds 20% share in Indian luxury car segment. Audi has entered into dealer partnership with Bangalore-headquartered Jubilant Motors for appointing dealers in Southern market.
[Via: motorcrunch]
Toyota’s deal with Aston Martin
For the first time ever, Toyota has agreed to build and supply a car to an outside car maker. Toyota will be making the car for Aston Martin. Called the Cygnet, the car will be ultra small and though based on the IQ model will be substantially different.
The car will be sold in Europe and details like launch date, price and number of cars have yet to be decided. Aston Martin is known for its premium sports cars which have been made famous thanks to the James Bond movies.
[Via: globalmotors]
SBI Offers Car Loans on Reduced Rates
State Bank of India will be launching a new car loan scheme 'SBI Ezee' for financing new cars on July 1. As per this scheme, SBI will charge interest rates as low as 8 percent for the first years of the car loan repayment tenure.
According to this new car buyers can get loans at reduced rates of 8 percent per annum and 10 percent fixed interest rate for the second and third year. The interest rates would be reset from the fourth year at the card rate from the date of sanction of loan. The new interest rates would depend on the tenure of loan.
The card rates on SBI car loans are 0.25-0.75 percent below the bank's prime lending rates (PLR). The SBI Ezee car loan scheme will attract waiver of the full processing fee, during the scheme period.
As per reports in the leading financial daily, the new scheme would make car loan EMI cheaper than ever before. On a loan of Rs 1 lakh the EMI would be as low as Rs 1,559 in the first year and Rs 1,647 in the next couple of years.
[Via: carazoo]
Nissan plans on dominating the ZEV market
While many auto makers are in the process of making zero emission vehicles, none has entered the market in a big way. Nissan is hoping to dominate this market by rolling out 100,000 cars every year when it starts production in its Tennessee plant in the US. According to Nissan, the market will see ZEVs as early as next year but in 2012, there will be a lot more vehicles available.
Toyota, GM and Honda are planning more fuel efficient vehicles and they will be Nissan's big rivals. Nissan has already set the ball rolling by applying for U.S. government financing to aid it make electric vehicles and develop the advanced batteries that power them.
The company has already signed 27 initial agreements with various governments and agencies to help finance and meet its goals. It is well aware of the global recession that has particularly affected auto makers and is in no hurry. It hopes to sell 3.08 million vehicles in the current fiscal year to March 2010, down 9.7 percent year-on-year, so it is well in tune with reality. However, it is also aware that the future lies in pollution free (or fuel efficient) vehicles.
[Via: wheelsnews]
Ford India Bets Big on Indian Market
Ford India recently got an approval for investing $500 million for setting up Indian operations and their further expansion. The parent company Ford Motors faced economic crisis and did not file for bankruptcy. Ford India is quite eager to enter the small car market in India where it currently lacks presence.
According to Ford India Managing Director, Michael Boneham, the Indian operations did not receive any distress calls from either Ford Motors in US or Ford Asian center operations in Bangkok. The company had already announced investments worth $500 million earlier and there was no intimation to the Indian operations to hold them back. The company still sticks to its original plans for India as there had been considerable slow down in the market but definitely no meltdown like the other markets.
Ford considers the small car launch to be a critical part of its overall strategy to grab larger market share and strengthen its presence in India. Ford intends to retain its brand image in India thus will go ahead with its original plans. Boneham remarks that having a small car in India is a necessity to be present here successfully.
[Via: cartradeindia]