Petrol & diesel get expensive but EV cars cheaper: Here are electric cars you can buy in India

The Budget 2019 has turned out to be a major shot in the arm, not only for the electric vehicle (EV) manufacturers but also for those who have been wanting to buy an electric four-wheeler. The government is aiming to develop India into a global EV manufacturing hub. Finance Minister Nirmala Sitharaman has announced the reduction of GST rate on EVs from 12 per cent to 5 per cent. Besides, the government will give an additional tax benefit of Rs 1.5 lakh on the interest paid on the loans taken for the…

Now, lease cars instead of buying them — directly from auto companies

Leading vehicle manufacturers in India, including Hyundai, Skoda and Mahindra & Mahindra have begun offering vehicles on rent with minimal or no down payment, as per an Economic Times report. South Korean giant Hyundai has put its entire portfolio on lease for individuals or companies. For example, the basic SUV Creta on a monthly rent of Rs 17,642 (GST included), with no down payment, for a period of five years. The personal lease also includes maintenance services and upgrades of choice. For comparison, buying the car would mean easy monthly instalments (EMI)…

Cars In Demand: Toyota Glanza’s May 2019 Sales May Not Clearly Indicate Its Demand

The Baleno and Elite i20 continue to be the most popular cars in this segment, but it remains to be seen how the Glanza affects Baleno’s popularity in the future. The only premium hatchback with a positive MoM growth in May 2019 was the VW Polo. All other cars in the segment register weaker demand in May compared to April 2019. Glanza’s dispatches started in May 2019. More than 2,000 units were shipped to dealers. Maruti Suzuki Baleno and Hyundai Elite i20 register lower sales than their average monthly demand…