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Indian Auto Industry Update Indian Auto Industry Update 18 Jan 2017 Industry N Chandrasekaran appointed Tata Motors chairman Simplify taxes on used cars, auto traders demand Interviews & Features Tata Hexa Vs Mahindra XUV500 Vs Toyota Innova Crysta: Engine, Features, Safety and Price Our ambition is to become No 3 in the Indian car market by 2019: Tata Motors NEXA: Fastest growing retail network Navi is targeted towards fun-loving customers: Guleria Cars, SUVs, MUVs New 2017 Nissan Sunny launched in India for Rs 7.91 lakh (ex Delhi) Maruti Suzuki spends Rs2,000 crore on Nexa dealerships in image makeover bid Honda Cars India organises Mega Service Camp across India Maruti sets the pace with new models, premium play Groupe Renault 2016 sales up 13.3%; expects to grow in India by 8% in 2017 India sales register fastest growth for Renault Tata Elxsi looks to test driverless cars on Bengaluru roads Demand from Uber and Ola driving car sales Maruti Suzuki Ignis first in segment features Ratan Tata refutes Cyrus Mistry’s allegations on Tata Nano Maruti Suzuki Ignis vs KUV100 vs Grand i10 vs Swift: Feature Comparison Tata Motors brings 'HEXACITEMENT' to B'luru Luxury Cars Range Rover Evoque petrol launched Jeep may launch the Compass in India in June 2017 Commercial Vehicles Construction & Agri Machinery 2/3 Wheelers Mopeds ride high in a shrinking market, bring 35% volume for TVS Motor Hero unveils 2017 Glamour with i3S Good things come in small packages E-Bikes Components Allied Industries Tyre stocks in top gear despite profit booking in wider market Emissions / Environment Finance & Insurance Road accidents: Govt looking at time limit for filing insurance claims Oil, Lubricants & Alternative Fuels Oil prices dip as rising US output could offset OPEC cuts News Magazines 2017 Geneva Motor Show preview All-new Lynk & Co sedan takes shape Maruti Autocross Championship heads for Mumbai Ford EcoSport with AVN priced from Rs 9.89 lakh Volkswagen Tiguan SUV spied testing Lexus to introduce F Performance range in India Tata Hexa launch tomorrow New ‘Live For More’ Renault Kwid launched at Rs 2.93 lakh India bound Renault Kaptur: 5 things to know Takata airbag issue may cause biggest-ever car recall 2017 Bajaj V12 review, test ride International News General Motors to announce $1 billion in U.S. investment GM's Cadillac sees double digit sales growth in China in 2016 Hyundai Motor to boost US investment by 50% to $3.1 bn over 5 yrs Toyota Motor to start testing fuel cell vehicles in UAE Volkswagen to provide over 4 lakh new energy cars in China by 2020 BMW to introduce upgraded versions of its models globally from March 2017 Kia dealers in China seek $360 mln compensation in revolt over unsold stock Canadian market down following Trump's auto comments Czech car production rises 8% in 2016 Takata airbag ruptured in Japan, caused minor injury: Honda European car sales up 3.2% in December; annual sales up 6.5% Slovak car production tops 1 million vehicles in 2016 Study shows Citroen C4 diesel emissions exceed limits ePayment investment: Daimler Financial Services acquires PayCash Europe SA Audi and FAW sign China electric car cooperation deal Scania gets wheels turning for VW comeback bond BMW, UK car industry say Britain needs to keep tariff-free EU trade Italy stands by Fiat Chrysler Automobiles, rejects Germany's emission allegations Volkswagen to provide 4 lakh new energy cars for China by 2020 Economy Rupee rises 15 paise to 67.95/$ Indian economy projected to grow by 7.7% in FY 2017: UN report Metal, oil & gas stocks pull Sensex down 52 points Closing Last Financial Closing.... Industry N Chandrasekaran appointed Tata Motors chairman PTI See this story in: The Economic Times (Web & Print Edition) New Delhi: Tata Motors appointed Tata group chief designate N Chandrasekaran as its Chairman with immediate effect. In a regulatory filing, the company said "the Board of Directors have appointed Natarajan Chandrasekaran as additional director and Chairman of the board with immediate effect". The appointment comes within a week of Tata Sons announcing Chandrasekaran as its Executive Chairman, capping two months of a bitter boardroom battle that followed the unceremonious sacking of Cyrus Mistry and letting of bad blood ever since. Popularly known as 'Chandra', the 54-year-old will take charge at the helm of $103-billion Tata Sons, the main holding company of the salt-to-software conglomerate from February 21. He will be the first non-Parsi chairman of the 150-year old Tata Group. At Tata Motors, he will have to take the responsibility of turning around the struggling homegrown auto major which is trying to regain lost ground, specially in the passenger vehicles segment. Chandrasekaran will also have to pay special attention to the Nano. Mistry had alleged that Tata Motors has been unable to shut down the loss making small car due to "emotional reasons" and doing so would also stop the supply of "gliders" to an entity that makes electric cars in which Ratan Tata has a stake. Mistry had alleged that the Nano product development called for a car below Rs 1 lakh but the cost was always above this. "This product has consistently lost money, peaking at Rs 1,000 crore," Mistry said in his letter written to Tata Sons board members a day after he was ousted as the Chairman of India's largest conglomerate. He further stated, "As there is no line of profitability for the Nano, any turnaround strategy for the company (Tata Motors) requires to shut it down. Emotional reasons alone have kept us away from this crucial decision." http://auto.economictimes.indiatimes.com/news/industry/n-chandrasekaran-appointed-tata-motors-chairman/56628095 Top Simplify taxes on used cars, auto traders demand Deccan Herald (Web Edition) New Delhi: Eyeing vast Indian middle market, automobile traders have demanded simplification of taxes on used cars under the proposed GST regime. Currently GST is silent about the used car industry. It has also demanded that Finance Minister Arun Jaitley announce a subsidy on new vehicles for the buyers, who junk their old vehicles, in the Budget to be presented on February 1. “There is too much disparity in used car taxation and policy across states. Simplification may reduce prices, fuel demand and drive better tax compliance. Tax rate for used cars should be lower than new cars, since the government would have already collected tax at the time of first point of sale,” said Mehul Agrawal, founder of CARS24, a used car selling platform, in an interaction with DH. According to Agarwal, the used car industry in India is witnessing double digit growth each month. This is in contrast to the new car industry that has been affected by multiple issues like ban on high capacity diesel engines in NCR, increased taxes and much talked about demonetisation. The auto sector struggled in 2016 due to 1% infra cess on small cars, 2.5% on select diesel cars, 1% luxury tax on premium cars, 4% tax on higher engine capacity cars announced in the Budget last year. Demonetisation has further impacted the auto sector, he said, adding that the government should desist from imposing any new cess or taxes in the Budget this year on auto industry. http://www.deccanherald.com/content/591972/simplify-taxes-used-cars-auto.html Top Interviews & Features Tata Hexa Vs Mahindra XUV500 Vs Toyota Innova Crysta: Engine, Features, Safety and Price The Financial Express (Web Edition) Tata Motors is all set to launch the much-awaited Hexa crossover in India on 18th January, 2017. The company has already started accepting the booking for the vehicle, which is expected to be priced between Rs 12.30 lakh and Rs 18.50 lakh, ex-showroom, Delhi. Once launched, the Hexa will face stiff competition from established players such as the Toyota Innova Crysta and the Mahindra XUV500. Ahead of its launch, we have compared the upcoming Tata Hexa with its main rivals in terms of the expected price, specification and features in the segment to find out if the Hexa has what it takes to be successful in this segment. Powertrain Tata Hexa is powered by a 2.2 litre turbocharged diesel engine in two states of , a 2.2 litre VARICOR 320 diesel and a 2.2 litre VARICOR 400 diesel unit that produces a maximum power of 148 hp and 154 hp at 4,000 rpm, respectively. The VARICOR 320 engine develops 320 Nm of torque while the VARICOR 400 unit develops 400 Nm. While the lesser powerful unit is mated to a five-speed manual transmission, the VARICOR 400 is available with a 6-speed manual and 6-speed automatic gearbox. The company will also offer the Tata Hexa with an optional four-wheel drive system with the six-speed manual transmission variants. The Hexa then offers a good range of options in terms of powertrain offerings and is at par with the competition in terms of power output as well. Under the hood, the Mahindra XUV500 gets a 2.2 litre diesel engine that develops 140 hp at 3,650 rpm and churns out a peak torque of 330 Nm between 1,600 and 2,800 rpm. The diesel motor is paired to a 6-speed manual and a 6-speed automatic transmission. Higher variants of the XUV500 are equipped with an all-wheel drive system, lending the vehicle with good off-roading capabilities. While the XUV500 is the least powerful vehicle in this comparo, it should be noted that it's the only one with a monocoque chassis.
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