Category: car accessories
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Car care Giant Turtle Wax set to enter Indian market
Chicago-based car care provider Ama Vaux announced on Friday that it is entering the Indian market. The company said it offers professional, ceramic, and hybrid solutions for all surfaces, including four wheels and two-wheelers, including paintwork, wheels, tires, upholstery, and plastic. The company has released an introductory car care kit such as Interior Cleaner, Mobile…
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Maruti Suzuki, MG Motor only firms to offer 5% average fixed dealer margins
Currently, only Maruti Suzuki India and MG Motors offer average dealer margins of five percent in the mass segment, which is less than 7 percent of the selling price that automotive dealers demand from automakers. According to a recent survey by the Federation of Automobile Dealers Association (FADA), average fixed dealer margins in India are…
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COVID-19, trade war: Manufacturing shift to hit China, but will India gain?
The sudden rise in global coronavirus cases (COVID-19) over the past few weeks have not only shadowed global financial markets but has hampered the economic activity of major countries, particularly the virus in the midst of trade with China before the spread of coronavirus. In this case, most analysts have revised down their global growth…
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1/10 Auto Dealers may face closure
Even after the lockdown, auto sales are uncertain and many small and medium-sized vehicle dealers are looking to close the store or merge their businesses with larger dealers. There are currently 15,000 auto dealerships across India (including 2,3 and 4 wheelers). Famous people said they plan to close at least 8-10 percent of these dealerships…
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Logistics costs increases as truckers and transporters increase rates by up to 80%
Truckers and Transporters Regulatory Challenges As a result of a major recession, shortages of manpower and supply are on the rise in America. Industry officials said this would increase logistics costs and prices of products for companies. Truckers have increased tariffs by up to 80%, people said. Blue Dart implemented a 25% Emergency Condition Surcharge…