Pune

First Drive: Jaguar XE Diesel Portfolio is a driver's delight

When Tata Motors-owned British marquee Jaguar Land Rover introduced the much awaited entry level Jaguar XE car in India way back in 2016, it shook the segment. It was only offered with a petrol engine and that too the wonderful Jaguar XE 25T.

Now the brand has introduced the diesel version of its XE sedan in the country to drive volumes in the fiercely competitive luxury car market dominated by German rivals such as Mercedes-Benz and BMW.

Renault launches new Kwid with a starting price @ Rs 2.67 lakh

Renault, the Europe’s biggest car maker by sales, on Monday launched an updated range of its entry-level small car Kwid equipped with enhanced safety features to boost sales in Asia’s third biggest car mart.

Interestingly, refreshed range carries the same price as the outgoing model in the Rs 2.67- Rs 4.63 lakh bracket.

The Renault Kwid’s primary rivals in the Indian market are the popular volume grosser Maruti Suzuki Alto and Datsun Redigo. These two models are also scheduled for big updates this year.

Passenger vehicle sales remain subdued in Jan

Passenger vehicle sales in January continued to remain tepid with top six carmakers reporting flat and decline in sales. Prospective buyers put off their decision to buy cars due to rise in cost of ownership.

Higher insurance cost, liquidity crunch and price hikes by automakers in the range of 1-5 per cent across models from January 1 kept prospective customers away from the showrooms.

Sales at dominant market leader Maruti Suzuk remained flat last month selling 1,39,440 units as against 1,39,189 units it had sold last year.

Thermax opens new factory to make chillers, heat pumps

Thermax, energy and environment solutions major, on Thursday opened its new factory at Sri City in Andhra Pradesh to produce a range of of vapour absorption machines comprising chillers and heat pumps and heaters.

It would cater to both the local and overseas markets to generate more sales revenues for the firm.

The Pune-headquartered company, which has invested Rs 166 crore in the first phase, said it has created nearly 300 jobs at the factory.

Land Rover Discovery Sport Landmark Edition launched at Rs 53.77 lakh

Tata Motors-owned British luxury sports car maker Jaguar Land Rover on Monday introduced a special edition for its 2019 Discovery Sport, christened  Landmark Edition priced at Rs 53.77 lakh to take on German rivals such as Mercedes-Benz, BMW and Audi in Asia’s third biggest car mart.

This special edition marks Land Rover's first launch of the 2019 and commands a premium of Rs 1.30 lakh over its Discovery Sport SE variant on which it is based on.

Mahindra To go global with premium brand name

Manindra & Mahindra, the second largest utility vehicle maker by sales, after it conceded the pole position to rival market leader Maruti Suzuki, is all set to enter the international car market even as it has carved a name for itself as a premium car brand.

While the much awaited all-new Mahindra XUV300 (pronounced XUV, 3 double ‘Oh’) will foray into the international market after it is introduced in India in February 2019, the Mahindra Alturas G4, a luxury SUV which redefined the high-end SUV segment in the country, made Mahindra a premium car maker.

Autos on the launch pad

After a robust first quarter, the car demand in the world’s fifth largest and Asia’s third biggest car mart has slowed down considerably in the on-going fiscal year.

Yet, over 15 car makers both local and foreign brands have lined up a slew of new launches and upgrades to increase footfalls in their showrooms and eventually get their cash boxes ringing.

During July-December period wholesale despatch numbers to dealers in India were down 2.3 per cent compared to the corresponding previous period.

Mercedes creates luxury MPV space with new V-Class car at Rs 68.40 lakh

Mercedes-Benz, India’s biggest German luxury car maker by sales, on Thursday introduced its luxurious people-mover, the Mercedes V-Class to target five-star hotels, business houses and VIP transport agencies in the country.

While the V-Class Expression Line variant is priced Rs 68.40 lakh, the top-end Exclusive Line variant costs Rs 81.90 lakh at pan India showroom.

While the multi-purpose vehicle or MPV segment is not all new for the Stuttgart-based carmaker in India, this is nonetheless a bold step for the German firm.

Bank of Maharashtra Q3 net loss widens 7-fold to Rs 3,764 crore

Public lender Bank of Maharashtra on Wednesday reported over seven-fold increase in its net loss to Rs 3,764.26 crore for December 2018 quarter due to Rs 4,421 crore provisions and contingencies it made during the period.

The Pune-headquartered state-owned bank had posted a net loss of Rs 596.70 crore in the corresponding quarter of the previous financial year.

The provision for the bad loans increased significantly to Rs 4,538.28 crore in the quarter, compared with Rs 1,343.62 crore in the year-ago period.

Nissan Kicks in competition in the SUV turf

Japanese automaker Nissan on Tuesday launched its new compact SUV model Kicks in India to take on rival SUVs in the world’s fifth fiercely competitive car market in India and to boost sales.

Priced between Rs 9.55 lakh and Rs 14.65 lakh, the Nissan Kicks SUV will compete with the likes of Hyundai Creta, the Renault Captur, Maruti Suzuki S-Cross and Mahindra XUV300, which are priced in the range of Rs 8.85 lakh and Rs 15.64 lakh.

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