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…

Third party insurance for cars, two-wheelers to become costlier from June 16

The Insurance Regulatory and Development Authority of India (Irdai) has also increased the TP insurance for public as well as private goods carrying vehicles. (Image for representation: GettyImages) Car and two-wheeler insurance will cost more from June 16 with regulator Irdai (Insurance Regulatory and Development Authority) increasing the mandatory third party (TP) motor insurance premium by up to 21 per cent for certain categories. Normally, the mandatory motor TP insurance cover rates are revised from April 1. However, this time, the new rates for the fiscal 2019-20 will be applicable…