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In the 1960s and 1970s, the average car lasted about eight years or 150,000 miles before it needed to be replaced.
In recent years, new designs, improved technology, and higher service levels have raised the average life expectancy to about 200,000 miles, or around 10 years.There has been an increase in the number of cars on the road as a result of the increased availability of vehicle loans, the growth in wage structures, and the increased purchasing power of the middle class.
Nowadays, owning a car is more of a necessity than a luxury.Global Pandemic and semiconductor supply shortage resulted in dip in the sale of new Cars. But, the Used Car Sale is sky-rocketing like never before. As more people opt for pre-owned cars for personal mobility, India's used car industry is expected to grow at a compound annual growth rate of 11%, with sales reaching up to 8.3 million units by FY 26.
This Website features News on Car Rebate, New Car Release, Comparison of Car Models, Catalogue Display & Sale of Used Cars, Pre-Owned Car Sale registration link, Review for Cars, Bikes & Automotive Accessories, Blogs and Promotion of Affiliate Products.
The JBM Group CFO said eight transactions totalling ₹1,11,71,696 were made in seven different bank accounts.
Commenting on how February’22 performed, FADA President, Mr. Vinkesh Gulati said, “Indian Auto Industry during February continues to remain in red as total retails were down by -9.21% YoY and -20.65% when compared to February’20, a regular pre-covid month.
The ongoing Russia – Ukraine war brings new set of challenges for Indian Auto Retail as raw materials for semiconductor will disrupt supplies and crude breaching US$ 110 mark will act as a hinderance on customer sentiment.
Among the surprises was the selection of Ford Motors, which had announced to quit the Indian market last year. The company said that it was exploring the possibility of using one of its plants in India to produce electric cars for exports. “The company is exploring the possibility of using a plant in India as an export base for EV manufacturing.
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The MD and CEO of Hyundai Motor India, SS Kim said, "This historic milestone of the 10 millionth car roll-out is a testimony of Hyundai's commitment toward the Make in India initiative." "Furthermore, it also showcases our vision of boosting the socio-economic development in the state of Tamil Nadu and making the country more self-reliant.
I live on the 11th floor in Nagpur. I do pranayama for 1 hour every morning. But the horn disturbs the morning silence. After this trouble, the thought came to my mind that the horns of the vehicles should be in the right manner. We have started thinking that the sound of car horns should be Indian instruments and we are working on it. The sound of instruments like tabla, percussion, violin, bugle, flute should be heard from the horn, said Gadkari.
