Unlike previous year’s, automobile industry has seen a lot of new trends this year. The industry has also seen new ups and downs that are considered to be defining moments for the Indian auto industry this year, compiles NDTV.
Other than the certain laws and decisions made by Indian government, every consumer is becoming more responsible day-by-day towards the road and its rules. These new advances have made the automobiles industry to become more responsible in the decisions they make.
Here are the key highlights in 2015 automobile industry:
Renault Kwid, a new small car that hit the Indian market for the very first time and it was successful for attracting huge number of Indian customers because of its new features, power, space, and all for an affordable price. The price tag during the launch of the car was 2.56 lakh (ex-showroom Delhi) and that stunned its competitors too.
Volkswagen India Recall/Scandal
Volkswagen Scandal became headlines for quite a time this year all over the world. The Indian recall took place a few months after VW admitted to have fitted the “cheat device” in its 11 million diesel cars worldwide. Volkswagen India recalled 3.23 lakh vehicles after a government-ordered probe found the company guilty of fitting a cheat-device on many of its diesel engine variants.
Maruti Suzuki Nexa Showrooms
Maruti Suzuki’s market sales opened a new dealership range, Nexa, to showcase and sell its premium cars in India. The first product sold through these dealerships was the S-Cross followed by the Baleno. The mission of NEXA is to offer innovative value and direction so that we can adequately respond to the new segments of Indian customers and offer them the experience, which they value.
FAME - Govt Offers Incentives on Hybrid Vehicles
Indian government took a big step in controlling emission from vehicles by introducing the FAME India scheme “Faster Adoption and Manufacturing of Hybrid and Electric vehicles in India” this year. This promotes the usage of green vehicle to control pollution and encourage usage of hybrid and electric vehicles. Under the scheme, the government offers incentives on hybrid and electric vehicles; of up to 29,000 for two-wheelers and 1.38 lakh for cars. The government will spend 795 crore in the first 2 fiscal years under this scheme.
Chennai, also known as the Detroit of India, has been hit by rains for almost a month. Companies like BMW, Nissan, Renault, Apollo Tyres, Hyundai and its suppliers were badly hit by this and the automotive hub might rack up $2.2 billion in losses. Production of car companies stood at a standstill for almost a month which means more loss to the industry.
Crash Tests to Be Made Mandatory By 2019
Indian authorities are giving more pressure and have started to question the credibility of Indian-made cars stressing on vehicular safety in India. The growing number of accidents and the repercussions has led to a lot of talk about crash tests being made mandatory in the country. The Indian government this year has taken stringent safety norms under which all the new cars will have to undergo mandatory crash tests from October 2017 and automakers will have to equip their cars by October 2018.
Make in India - Audi, Mercedes-Benz, BMW and TVS-BMW
Make in India campaign in the country has encouraged Indian manufacturers to produce their products locally in India. Automotive industry is the one to get most out of this campaign, especially the luxury car segment. Many automobile brands like Audi, BMW and Mercedes-Benz have already initiated taking plans according to the Make in India campaign.
Diesel Vehicle Ban in Delhi NCR
Recent fogging in Delhi made the court to intervene and ban on the registration of diesel vehicles above 2000cc in Delhi NCR as they are the major cause for the air pollution in the city. The court passed the order after a series of arguments presented by the National Green Tribunal (NGT), to deter the growing pollution caused by diesel vehicles. This ban has a huge impact on Indian SUV manufacturers like Mahindra and Mahindra, Toyota India and Tata Motors along with luxury carmakers like Mercedes-Benz, Audi and BMW among others.
Hyundai Creta - Record Bookings
Hyundai India got huge bookings as it launched its most awaited compact SUV Creta in India, recently. Hyundai Motor India had received over 70,000 bookings and 3,40,000 enquiries in India making the top selling SUV in the country. With the huge bookings Hyundai had to nearly double its production to 10,000 units per month.