All car producers are planning a 1-3% hike in prices from April 1, due to new emission norms and to combat increasing raw material costs. The hike is anticipated to be at least Rs 2,000 on a mini car, increasing to Rs 71,000 on a high-end luxury sedan. The rise is mainly due to rising… Read More »
Bad debts caused by non payment of loans by small borrowers have caused a hike in the volume of NPAs of Bank of Baroda. The fact was stated by Bank of Baroda Executive Director R.K. Bakshi. He said that most of NPAs occurred when small borrowers taking loans up to Rs. 50, 000 failed to… Read More »
Luxury car maker Mercedes Benzis intending to introduce its small car, the A Class, in India in a couple of years. Peter Trettin, president and CEO of Daimler, Central and Eastern Europe, Africa and Asia, said the company would market the A Class as its entry- level car in India. He said, “This will be… Read More »
Home loan and car loan rates are expected to rise in April. This is due to the sudden increase in interest rates by the RBI on 19th March 2010. The rate hike preceded by a month prior to the monetary policy is announced. The decision to increase the rate is due to increasing rate of… Read More »
Increasing competition in the luxury residential property sector, India’s biggest realty player DLF said it will sell having a price tag of Rs 4 crore per flat in the center of the National Capital. The company is selling 150 luxury apartments subsequent to the introduction of the 3rd phase of its housing project, Capital Greens… Read More »
The timing came as a surprise to markets as it expected announcements on the rate front but only during its annual monetary policy announcement scheduled for April 20. RBI is of the opinion that monetary policy changes have a lag effect, so making announcements in a timely manner helps to avoid taking strong measures at… Read More »
Beating rival Mercedes as the numero uno luxury car manufacturer in India last year, BMW is set to increase manufacturing capacity at its Chennai plant as it targets sales exceeding 4,000 units in 2010. Peter Kronschnabl, President BMW India said, “In 2010, we aim to achieve double digit growth. In absolute numbers we want to… Read More »
The step-up scheme can be implemented in different stages. In certain instance there are 2 phases, one lower and other higher. In other cases, it is a gradual system. It can be carried out annually, after 5 years or at any time intervals. Some step-up schemes from certain banks offer fixed interest rate, but these… Read More »
The car market is abuzz with news that Ford is ultimately available in the showrooms.The price of the petrol model of Ford’s new compact car Figo lies between Rs 3,60,000-4,50,000 and the diesel model costs from Rs 4,50,000 to5,45,000 (ex-showroom, Delhi).
BMW has introduced 2 new models in its 3 series sedan class. BMW India’s president Peter Kronschnabl introduced BMW 320d corporate version (diesel) and the BMW 330i (petrol) as the 2 new BMW 3 Series sedans.