India’s second largest carmaker, Hyundai Motor India Ltd announced a special scheme for the state and central government employees. Under the scheme, there will be special pricing, attractive finance options etc to enable the government employees to own a Hyundai car.
In view of the fact that government employees are due to receive the arrears of their salaries after revision in the Sixth Pay Commission, the arrears can be utilized as the down payment for purchase of the car and the revised salary increment will help them to accommodate their monthly EMI’s. The scheme will be run through October and November, 2008.
Hyundai has tied up with State Bank of India, Axis Bank and HDFC Bank to provide with attractive finance schemes for the government employees for their vehicle purchase.
Announcing the scheme, Arvind Saxena, Sr. Vice-President for Marketing & Sales, HMIL, said: "We are pleased to offer this special scheme to all the government employees’ who will soon be enjoying the benefits of their Sixth Pay Commission arrears. It is an attractive scheme and this will be an added incentive for them to purchase a Hyundai car in this festive season."
Wednesday, October 15, 2008
Nano may be sold on Ratan Tata's 71st birthday
Tata Motors may launch the cheapest car in the world – Nano on the 71st birthday of Ratan Tata which falls on 28th December.
The first car from Tata Motors - hatchback Indica was also launched on the event of Mr. Tata's 61st birthday a decade ago on December 30th, 1998.
Bentley Motors launches Continental Flying Spur Speed in India
Bentley introduced the world's fastest car, the Continental Flying Spur Speed with a top speed of 320 kmph will be available at Rs 2.5 crore (ex-showroom Delhi). With the launch of the new Speed variant, the company is targeting to sell about 10 units of the Flying Spur family in the Indian market.
Bentley also said it would increase the focus on emerging markets like India to boost sales to compensate for the slowdown in other markets. The company has sold 100 cars in India in the past 5 months and expects to sale 30-35 cars every month.
Commenting to the press, Mr. Chris Buxton, Bentley Motors regional director (Middle East, Africa and India) said that India is an important market with huge potential in the long term. There has been a slowdown in the global automobile market and they are expecting to compensate for this with demand from emerging markets like India, China and the Middle East. Although China remains the largest market in Asia and India will emerge the next biggest in the medium to long term. India’s strong growing economy and buoyant auto market is important for Bentley’s overall future growth. They are also looking at enhancing their range in India. All the future models will be simultaneously launched in India along with the global market.
Bentley sells its sedan Arnage and Continental Flying Spur along with convertible Azure and coupe Brooklands and Continental through its dealer- Exclusive Motors based in New Delhi.
Tuesday, October 14, 2008
Stunning Mitsubishi Outlander lauched in India
Hindustan Motors has finally launched Mitsubishi Outlander in the Indian market.
This SUV already is on sale in North America, Japan, Australia, Canada and West European markets.
Mitsubishi has priced Outlander at Rs 20.2 lakh (ex-showroom).
Hindustan Motors Chairman C K Birla spoke at the launch event: “We have launched the Outlander in India in keeping with the policy of offering the latest from the Mitsubishi stable to the Indian customers.”
T
he model being sold in the Indian market comes powered with a 2.4 liter petrol engine. It is being assembled in HM plant in Tiruvallur near Chennai.
Monday, October 13, 2008
Upcoming Car Launches in India
 1. Fiat LineaWhen to expect: Nov-Dec 2008 Estimated Price: Rs. 7-9 Lakh Biggies have been pouring in with well-packaged family sedans to lure the fancy of the Indians. It was Honda which came in with its City and then Ford introduced the Fiesta. Hyundai joined the bandwagon too and its Verna became instantly popular. The latest entrant in this segment has been Mar... Know more details |
 2. Fiat Grande PuntoWhen to expect: Nov-Dec 2008 Estimated Price: 5-7 Lakh Luca di Montezemolo had reasons to be worried. Not a man to get bogged down, he took the challenge of putting Fiat back from shambles to the peak of the mountain. For this, he needed a car, a good one at that. A car that would appeal to the masses and bring in good numbers. The Grande Punto wa... Know more details |
 3. Hyundai Santa FeWhen to expect: End 2008 Estimated Price: 23-26 Lakh SUV. One term which not many will associate the Korean giant - Hyundai with. It is that segment of the auto industry which is tantamount with big, brawny, imposing looking machines to which the word ‘car’ will not really be able to do justice. Hyundai was one of the first to sight the growing... Know more details |
 4. Maruti Suzuki SplashWhen to expect: Early 2009 Estimated Price: 4-5.5 Lakh Splash all over the place. And I am not talking about some naughty little boy being the brat that he has always been going about his usual business and splashing muddy water everywhere. If all goes well for |
 5. Honda JazzWhen to expect: June-July 2009 Estimated Price: 5-6 lakh HSCI has advanced the launch date for its premium hatchback, the Jazz, to June 2009. This is the first time that the company has spoken of concrete launch dates for this car. This much awaited hatch that shares its platform with the new Honda City is expected to be powered by a specially-developed 1... Know more details |
 6. Toyota FortunerWhen to expect: Early 2009 Estimated Price: 16-18 Lakh The Land Cruiser is celebrated for being one of the very established genuine off-road vehicles the world has ever seen. And it still is. But this mean, mad machine will be yours only if you have pockets deep enough to shell out over 40 lakh of green paper, and that makes it out of reach of many. Oh,... Know more details |
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