The Competition Commission of India (CCI) has imposed a penalty of more than Rs 2,545 crore on 14 car manufacturers, for violating trade regulations in the spare parts and after services market. The list includes some of the biggest car makers in the country like Tata, Maruti Suzuki, Honda, Volkswagen, Fiat, BMW, Ford, General Motors, Hindustan Motors, Mahindra, Mercedes-Benz, Nissan, Skoda and Toyota. The penalty for each manufacturer adds up to two per cent of its annual turnover and it has to be deposited with the government within 60 days.
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Maruti is preparing to storm the C segment with its upcoming sedan, the Ciaz. This is the second important product for the company after the Celerio in 2014. We are accustomed to how every manufacturer names their variants, and Maruti is one of them which uses generic nomenclatures for all its models. The company seems to hold on to the way it names its variants, but the upcoming Ciaz has been spotted with a ‘+’ on its mid variant Vdi. A source has spied the Ciaz closely with a VDI+ nomenclature on it and we have something to speculate on.
The Land Rover Discovery Sport has been unofficially revealed in scale model form, ahead of its official debut on September 3, 2014. The vehicle is the first member from the new Discovery family which will replace the existing Freelander.
Despite registering a drop in sales of just under 1,000 units, the Mahindra Bolero has retained the crown of the top-selling utility vehicle in India. The Bolero bagged the top position for the fourth consecutive month in July 2014, despite seeing a 12 per cent drop in numbers, as compared to the same period in 2013.
Next time when a traffic cop catches you for not wearing a seatbelt and penalises you for Rs 2,500, don’t be surprised. He is just doing his job like he has been doing for many years, only difference is the quantum of fine that you need to pay.
Volvo is developing new three-cylinder engines to power its future line-up of sedans, crossovers and SUVS. This was revealed by Mr. Derek Crabb, the company’s powertrain engineering head and the executive director for the company's motorsports division. Derived from the company’s current line-up of four-cylinder Drive-E range of engines, the first will be a petrol mill and is expected to be ready by 2016 to power mid-level luxury cars below the S60, V60 and the XC60.
The board of Tata Motors has reportedly given the green signal to the company to develop two new global SUVs with assistance from its subsidiary, Jaguar-Land Rover (JLR). Aimed specifically at Southeast Asian and the Middle East markets, the two SUVs are expected to go on sale in 2017 in the Rs 16 lakh to Rs 25 lakh price bracket.
The Lamborghini Huracan has been launched in Malaysia for 1.2 million RM (Rs 2.2 crore). It replaces the uber successful Gallardo supercar and was unveiled in December of last year. It follows a design similar to that of the much larger Aventador and gets the same power mill but in a higher state of tune.
Honda India has introduced two new variants for the Mobilio, a month after the MPV’s official launch in the Indian market. Called V(O) and RS (O), both these new variants offer segment-first features such as GPS navigation and a rear-view camera.
The manufacturing sector plays a very important role in developing a country’s economy. And in a place like India, where automobile manufacturing was always seen as an important backbone of the country’s GDP, things are about to get better. According to a report by Standard Chartered Bank, India will overtake Thailand to become the global automobile hub by 2020.