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Cars set to get costlier from April as automakers announce price hikes

Cars set to get costlier from April as automakers announce price hikes

by AIP Online Bureau | Mar 23, 2025 | Data, Eco/Invest/Demography

“At the same time, OEMs(Original Equipment Manufacturer) are aware of high price sensitivity in the entry-level segments. Hence, are likely to be cautious in executing these hikes given the segment may see a revival, especially after the recent budget, which...
Cars set to get costlier from April as automakers announce price hikes

Cars set to get expensive from January as OEMs announce price hikes

by AIP Online Bureau | Dec 8, 2024 | Data, Eco/Invest/Demography

Rising input costs of few materials, shifting consumer preferences on advanced features but a low willingness to pay, clubbed with the pressure of supporting dealers to offset high inventory carrying costs despite high festive discounts are putting a burden on...
India sees surge in super-luxury car sales amid ‘generational mindset’ shift

India sees surge in super-luxury car sales amid ‘generational mindset’ shift

by AIP Online Bureau | Aug 20, 2024 | Data, Eco/Invest/Demography, Non-Life, Technology, Wealth Management/ Philanthropy

Industry experts say that 1,200-1,300 luxury cars are likely to be sold in the Indian market this year. In 2023, sales more than doubled to 1,000 units in the top-end car segment New Delhi: The shifting ‘generational mindset’ in India is fuelling the...

Ship carrying nearly 3,000 cars ablaze off Dutch coast, crew member dead

by AIP Online Bureau | Jul 27, 2023 | International News, Non-Life, Reinsurance, Risk Management, Technology

“The fire is most definitely still not controlled. It’s a very hard fire to extinguish, possibly because of the cargo the ship was transporting,” said Edwin Versteeg, a spokesperson for the Dutch Department of Waterways and Public Works. “Electric cars burn just as...
Indians planning to reduce number of cars they own: Survey

Indians planning to reduce number of cars they own: Survey

by AIP Online Bureau | Jun 9, 2022 | Eco/Invest/Demography, Indian News, Non-Life

The public’s lack of interest in getting rid of polluting vehicles is a potential setback for India’s ambitions to turn net carbon zero by 2070. Recycling old cars is crucial for India to cut emissions considering the take up of electric vehicles is lagging due to...
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