Besides fashion, in India, the big rental or pre-owned category is of luxury cars. According to Vinod Kothari, founder of Vinod Kothari Consultants that offers financial consultancy to brands and companies, “Brands such as Volvo and Daimler now allow leasing for three to four years and then agree to take back the asset, charging only about 60-65% of the asset cost over the lease term. In essence, the customer has the exclusive possession and use of the asset for those years, while paying only for a part of the asset cost. If the car is used for business, the rentals are tax-deductible.” … [Read more...] about Don’t have enough dosh to spend on a Prada gown, Gucci bag or a Rolls Royce? Just rent it!
Cebu rent a car self drive
Vehicle registration data collated by the Federation of Automobile Dealers Associations (FADA), in collaboration with the Ministry of Road Transport and Highways, show that demand for luxury cars was in free fall during these two months compared to the same period last year. However, sales of more expensive, exotic cars remained upbeat in July and August. … [Read more...] about Luxury car sales are in free fall… But exotic ones are still in demand
Sales of CVs were not shared by SIAM for August. Tata Motors, which is one of the top two CV makers in the country, has stopped sharing wholesale data even as its competition such as Mahindra & Mahindra, Ashok Leyland and VE Commercial Vehicles share the data freely. … [Read more...] about Car, SUV sales hit high gear in Aug; bikes, scooters scrape through
CiazMaruti’s flagship sedan gets a 105 PS 1.5-litre K15B petrol engine that boasts of refinement and efficiency. It helps that it comes with the company’s SHVS mild hybrid tech. All trims of the Ciaz except the Alpha manual are available with a cash discount of Rs 10,000. All trims, however, receive an exchange bonus of Rs 20,000 and a corporate discount of Rs 5,000. … [Read more...] about Maruti Suzuki offers benefits up to Rs 45,000 on all Nexa cars
A shift to a solid-state battery will mean that a more affordable car can suddenly have a range like the best luxury cars. Just as importantly, the battery can charge to 80% capacity in just 15 minutes. While some EV owners can plug in overnight at home—meaning that charging time isn’t as critical—apartment-dwellers and others have to sit at public charging stations. A fast charge makes the cars much more appealing for consumers who are comparing it to cars that run on gas, and that can help speed the transition to electric vehicles that’s already underway. … [Read more...] about This Gates-backed startup is building a better battery for electric cars