Mini Paceman
- State Bank of India has cut car loan rates by 50 basis points, which will bring down the interest rates to 10.75 per cent from 11.25 per cent. New rates will be effective from 7 August and most other banks are expected to follow in few weeks. Click Here for more details.
- Mini has preview the new 2013 Paceman on its Facebook page, with official “spy shots”. This model is actually a two-door version of the Countryman and might still be called the Mini Countryman coupe at the time of the launch.
- Auto industry continued to reel under pressure from high interest rates, fuel prices and general economic slowdown. The petrol cars sales have dipped quite considerably compared to same month last year; however, the month-on-month numbers have improved and should further go up with the start of the festive season.
- Porsche has finally been annexed to the Volkswagen Group yesterday – as planned. VW now holds 100 per cent shares in the sportscar maker – there won’t be any significant difference in the operations, just that two companies will save over USD 856 million in taxes and won’t face any inquiries from regulators. Click Here for more details
- Tata Motors’ passenger car sales grew by 53 percent in July to 26,240 units; with Nano numbers improving by 68 per cent. The exports on the other hand are down by 16 per cent to 4,864 units compared to numbers from July 2011.
- Nissan India sold 3,481 units last month, which is an increase of 118.5 per cent over same month last year. The exceptionally high growth is due to the fact that the Sunny diesel was launched later last year and has been getting steady business for the Japanese car maker ever since.
- India’s largest car exporter, Hyundai Motors, also had a decent month with rise in both export and domestic sales. The total sales for July 2012 stand at 52,845 units with increase of 6.4 per cent; relatively new entry-level model, the Eon, has contributed significantly to the total numbers.
- The Indian Utility car major, Mahindra & Mahindra, has registered 27 per cent growth in UV and passenger car market – considering both month-on-month and year-on-year figures. The XUV500 is the new champion for Mahindra with a long waiting period; the Mini Xylo, which will be launched in September is expected to repeat the performance.
- The mini-Xylo might just get an all-new 1.5-litre three-cylinder mEagle diesel with 100bhp. Our friends at team-bhp have got their hands on a document that reveals a few more details about what might power Mahindra's upcoming new mini-SUV. Click here for more details
The CarWale Daily Fuel is your quick daily dose of automotive news from India and around the world. If you want to know whatever's in the news but want it short and sweet, here's your solution.
