Saturday, May 18, 2013

Mercedes-Benz shows off self-driving car technology in its new $100,000 S-Class


Google has been pushing self-driving car technology for much of the last few years, and Audi showed off its own self-driving vehicle at the last CES, and now Mercedes-Benz is throwing its hat into the ring. According to The New York Timesthe automaker showed off its "virtual chauffer" technology in its new $100,00 S-Class in Hamburg, Germany — it's a car that Mercedes-Benz says can steer itself in city traffic or keep it in its lane going over 120MPH on a highway, under the right conditions. It can also park itself, brake automatically to avoid hitting pedestrians or other cars, and can even tell when a driver is becoming dangerously fatigued. Mercedes compared it to a plane's autopilot system, in which the plane can perform many of the routine tasks necessary to get it from point A to point B while a human keeps its eye on things to watch out for trouble.
Of course, this is just the beginning — the automaker wants to make the car smart enough to safely change lanes while cruising at Autobahn speeds. While the tech Mercedes-Benz is packing into this vehicle is undoubtably impressive, we're still a long ways from this car actually driving itself. Users will be required by law to keep at least one hand on the wheel at all times, so owners won't exactly be able to just kick back and read the paper on their commute. Still, with major corporations like Google, Audi, and now Mercedes-Benz making autonomous cars a priority, there's a chance that we'll see automakers meet that three- to five-year timeline Google is shooting for.

How Mercedes got big-car Russians to really like the little Smart car

How do you persuade Russians who like big, expensive cars - proof of their success - to try out the tiny Smart car? Answer: You give them a test drive when they need it most: when their illegally parked car has been towed or picked up from Moscow's jam-packed streets.
Devised by BBDO Moscow, Mercedes Smart Cars launched a campaign entitled 'The Unexpected Test Drive', offering stranded drivers the chance to try out the Smart car when they needed it most.
This was how Mercedes put it,"Although most of them are in dire need of a second car, our potential customers showed virtually no interest in our Smarts.

"Our objective was to bring the most reluctant consumers to test drive the Smart and change their state of mind from "Smart is not really a car" into being true believers and advocates of the Smart."


Solution

Our secret weapon: once you take the Smart for a ride, you'll fall in love with it.
Core audience's weakest point: their big cars and all the problems they bring along.


Context
Most illegally parked cars in Moscow are picked-up or towed during the weekend shopping. Once car-less, drivers suffer expensive , hours-long cab rides through Moscow's traffic, in order to get back their cars.


Idea
At the peak of the driver's desperation, the Smart Teams jump in, offering free rides, a unique opportunity to test drive the versatile Smart in some of the World's worst traffic jams.


"Being there for them exactly at the moment when they needed a car the most turned reluctant, condescending consumers into true believers -- a 100% realistic test drive of the very car that could have saved them from all the hassle."


Results


40 Smarts saved 623 car-less drivers during three days, in parking lots around eight shopping malls

 . Over 400 drivers became true believers ("Smart is a real car") -- rate of conversion 70% - advocating Smart on their vkontakte and facebook profiles.


Blogs and news portals picked up the story, said Mercedes, generating hundreds of thousands of dollars in earned media and incalculable amounts of positive emotions around the tiny cars that saved the day for Moscow car-less drivers

.
Test drives increased 10 fold in the 2 weeks following the event.





Saturday, May 4, 2013

Unstable TATA Motors , Vice President of passenger car unit quits after just 7 months

Neeraj Garg, VP passenger car unit, Tata Motors quits after just 7 months

 Ratan tata would have never expected that Just 7 month old VP of there passenger car unit, Tata Motors will quit, Everyone one outside is making there guesses for the reason , Lets see the true story 

MUMBAI: Neeraj Garg, VP at the commercial, passenger car business unit of Tata Motors, has resigned from the company on Thursday ending a very short stint of seven-and-a-half months at the company.


ET learns Ankush Arora, former VP marketing and sales at GM India, who joined Tata Motors on April 23,2013,as senior VP & head strategy at Tata Motors will take over from Garg in the interim.
A person close to Tata Motors told ET, Neeraj wanted to disengage himself from the company as he wanted to pursue his own entrepreneurial venture, which would have been tough along with the existing role. He has several options in front of him and Tata Motors decided to let him go.
When contacted, Neeraj Garg confirmed his resignation and told ET, "Yes it is true. I have decided to move on from Tata Motors. At this age of my life,I am looking certain entrepreneurial ventures which could be in the automotive or allied businesses. It would have been tough to carry on with the existing profile at Tata Motors."
One one hand falling car sells and on other hand this type of news are rising questions on the company.

It was an extremely tough stint for  Neeraj Garg at Tata Motors ever since he joined in September 2012.The sales of Tata Motors have been on a downward climb, as the overall passenger vehicle market in India fell to a decade low in FY13.The market share of Tata Motors in passenger cars slipped from 10.87% in September 2012 to 4.92% in March 2013 and in passenger vehicles, it came down from 12.78% in September 2012 to 8.75% in March 2013.
While Arora will be holding the fort in the interim,a person close to Tata Motors added,The company will be looking at filling the critical post in the coming months, with Arora going back to the role for which he joined the company.
Talking about his short stint at Tata Motors,Garg said it was an enjoyable yet a challenging stint.
"Tata Motors is a huge organisation. Through the years, I have helped companies establish their brands in India, for me the task of turning around the organisation in a complex environment was a challenging and interesting for me," he added.
An email sent to Tata Motors remained unanswered.
Garg is an automotive industry veteran with an experience of over two and half decades in selling cars in India. Prior to working with Tata Motors, Garg has helped organisations like Volkswagen, Nissan Motor India and Honda Siel Cars India set up a base in India.
Grapevine has it that Neeraj Garg may be going back to Nissan Motor India or its marketing arm Hover Automotive. But Garg termed them as rumours.



Tags: YES| Volkswagen| Tata Motors| passenger cars| Neeraj Garg| General Motors India| general motors| ata Motors| Ankush Arora ,6-month jail term Tata Motors MD Karl Slym, Slym poaches top GM execs to spruce up Tata Motors, Tata Motors domestic passenger vehicles 48.94% sales decline for April 2013

 

Low car insurance available in FUTURE !!!!!!!!

Lower car insurance premiums ahead, says Direct Line

 

According to a Stock investing company, Direct Line, there is a good news for those who are expecting to buy a car in future.According to them we can expect cheaper car insurance in future.

Announcing the insurer’s first-quarter figures since it was spun out of Royal Bank of Scotland in October, chief executive Paul Geddes said that the implementation of motor legal reforms should result in cuts in the cost of cover, particularly for younger drivers which at present are forced to pay a hefty premium.

One of the reason behind it is the continuously falling car sales figure around the world .  Experts are calming that the figure will rise back .

Motor insurers are being forced to contend with some of the toughest market conditions in recent years.
Not only are the insurers facing a probe by the Competition Commission, but their profits have also been hit by the loss of lucrative referral fees from third parties while price comparison sites continue to drive down prices.
Despite all of this, Direct Line said its combined ratio improved to 98 per cent during the period, compared with 104.5 per cent last year.
This effectively means that it made an underwriting profit rather than a loss.

Sunday, April 28, 2013

Range Rover: car review

It's the world's poshest and most complete 4x4 vehicle. And the latest version comes without a smirk

Range Rover
When the going gets toff: the all-new Range Rover. Photograph: Observer
Price: £71,295
MPG: 37.3
Top speed: 130mph
On a grassy rise in Richmond Park you will find White Lodge. Built for George II in the 1720s, it's now home to the Royal Ballet School and a museum that includes Margot Fonteyn's ballet shoes and the death mask of Anna Pavlova. Its imposing pale walls conceal a talent hothouse where brilliant young dancers learn to defy gravity, their graceful steps as light as a summer-fruit Pavlova…
But, back down to earth, last month White Lodge played host to the global reveal of the new Range Rover – a vehicle whose heavy-footed antics and paunchy disregard for the planet have become a byword for country-set disdain. But here's the thing. This latest Range Rover is a very different beast. It's not quite ready for tights, a tiara and a tutu, but it has lost half a tonne in weight thanks to its all-aluminium monocoque structure, and it's gained a much more efficient engine – the 3-litre 258PS TDV6 will give you a scarcely believable 37mpg. Its boxy edges and slab sides have been remodelled to give a sleek, clean aerodynamic shape. Rather than barging all-comers out of its way with an elbow on the horn and snooty set to its puffy red face, this Rangey is designed to be more accommodating. It's still the size of a hog-roast catering caravan, but it now looks more courteous. Not apologetic, mind – it's still your superior, but you won't resent being bossed about by it to the same extent.
This Range Rover is an all-British affair (except for the fact it's owned by Mumbai's Tata Motors). It has been designed, engineered and built in Solihull, and it will fly the flag in 170 countries around the world.
For those of an anti-car mindset, the Range Rover presents a massive headache. You should loathe it – for its scale, its sense of entitlement – but once behind the wheel, you're forever smitten. As my wife – vanquished – said: "I hate it, but it's irresistible…"
Range Rover interior Soft on the inside: the hyper luxurious interior. Photograph: Observer Heave open the door and climb in – actually it feels more like ascending – and you find yourself sitting, literally, in the lap of luxury. This is one of the many paradoxes of this car. On the one hand it's a prodigiously gifted off-roader, a vehicle that over the past 40 years has perfected the art of going wherever the hell it likes, regardless of terrain (or in fact social acceptability); on the other it's one of the most luxurious and refined vehicles you'll ever travel in – a vision of marshmallow leathers, flawless veneers and nose-snorting poshness.
To ensure its soft side is as obsequious as possible, Range Rover imagined the laziest, most indolent and pernickity customer that it could – and then did everything to make that person happy. Cold hands? Try our heated steering wheel, sir. Can't be bothered to shut the boot? Press this button, madam. Sore back? Try the air-conditioned massaging seats, master. Worried about dipping the headlights, braking, using the wipers? We'll take care of that, boss… The list of life-easing luxuries goes on and on.
I drove it up to Yorkshire. It coped with 600 miles, snow, ice and mud, sailing serenely past stone barns, Wesleyan chapels and even a temperance pub. And all the while my overwhelming impression was of strength, agility and precision. Maybe that ballet school wasn't such a bad place to launch it after all…

Power station: Shell launches new V-Power Nitro+

Reading this on mobile? Click here to watch video
The engineers at Shell like to think of your engine as the heart that drives your car. And just as we need to look after what powers our heart and stay clear of fatty foods which will fur up its arteries, so they think the fuel that flows into your engine should be as clean and pure as possible. But they've gone one better: the new Shell V-Power Nitro+ is designed to instantly get to work inside your engine on deposits that can reduce the performance of your car from the first fill, no matter what car you drive. To prove their point they invited Jake Humphrey, the voice of F1 himself, and Ferrari driver Giancarlo Fisichella to Battersea Power station to launch the new formulation.
To mark the launch of Shell V-Power Nitro+ fuels, Shell challenged Jake to test his driving abilities and improve his performance via a series of exercises and manoeuvres. The course was designed with the support of Ferrari Drivers Giancarlo Fisichella, Davide Rigon and Gianmaria Bruni.

The name's Lewis, Damian Lewis

The star of Homeland is also the star of a short film called Desire launching the new and strikingly stunning F-Type Jaguar. Have a look - he's without doubt the sexiest delivery boy you'll ever see...

 

Friday, April 26, 2013

Nissan to build compact car at Renault Europe plant from 2016

Nissan Motor Co Ltd plans to build its next-generation Micra compact car for the European market Renault SA's plants in Europe from 2016.TOKYO: Renault announced plans to build alliance partner Nissan's Micra mini in France as it bolsters domestic production in return for union concessions.

Renault's Flins plant, near Paris, will begin assembling the Micra subcompact for Europe in 2016, with an annual production target of 82,000 vehicles, the carmaker said on Friday.

"This announcement is good news for Flins, but also for all Renault plants in France," Renault-Nissan chief Carlos Ghosn said in a company statement. "Renault is in line to fulfil its commitments."

In return for labour concessions obtained last month, including wage restraint and longer hours, Renault promised to increase domestic production by about a third, or 180,000 vehicles, by 2016.

Ghosn, who heads both Renault and 43.4 percent-owned Nissan, had previously threatened to move some Renault production out of France if no deal was reached with unions.

As part of the agreement, he pledged to repatriate models including the Trafic commercial van from Spain to Sandouville, in northern France. Some versions of the Renault Clio subcompact will also return to Flins from Turkey, the company has said.

Renault's announcement closely followed the disclosure by Nissan that it had asked Renault to assemble the next Micra at an unspecified European site.

Renault won agreement on the new labour deal from unions representing almost two thirds of its workforce, although the left-wing CGT refused to sign.

The labour deal will generate annual savings of about 500 million euros ($650 million), Ghosn has said.

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NRIs can get car loans, but conditions apply

Two weeks ago, Praveen Kumar Balakrishnan, who is a merchant navy officer in Singapore, took a car loan from Federal Bank Ltd while visiting india under the non-resident Indian (NRI) car loan scheme.
“I wanted to buy a decent car for my parents,” said Balakrishnan, 33. “First I was
wondering whether I should wait till I have enough money but then I decided to borrow and buy a car as my family needed one right now.”
If you too want to gift a car your father is coveting for the last several years, but don’t have a lump sum to spare immediately, there’s good news for you.
A few Indian banks give NRIs the option to borrow. Federal Bank Ltd, State Bank of India (SBI) and State Bank of Travencore are some of these.
“We have seen great demand for car loans from NRIs recently,” said A Surendran, head (international banking), Federal Bank.
“This is because of two reasons: aspiration to buy bigger cars and increase in the number of visits to India.” Any Indian citizen residing abroad who has a salaried job or is self-employed in his country of residence qualifies as an NRI and can apply for NRI car loans.
The restrictionsMay not be able to buy in own name: If an NRI takes a loan from SBI, you can’t own the vehicle and you will be treated as a guarantor.
Unlike a normal loan guarantor, who doesn’t have to pay the equated monthly instalments (EMIs), the NRI guarantor here will pay the EMIs from his NRI account.
So the person in whose name you would buy the car would have to become a co-applicant in the loan.
The condition here is that both the co-applicant (resident Indian) and the guarantor (NRI) should be in the age group between 21 and 65 years. However, this varies from bank to bank.
Customer relation: “We give this loan only to our existing NRI customers. Only those who have had three-five years banking relationship with us are considered,” said Surendran.
This means that the chances of getting a car loan from your existing bank is higher.
Country of residence: All banks have their own list of approved countries for the same. Countries like the US, the UK, Malaysia, Singapore and West Asian countries are on the approved list of most banks.
Income criteria: You need to be above a certain income level.
For instance, to get a loan from Federal Bank, your monthly income should not be less than Rs.20,000.
Also, the deductions including the proposed loan should be up to 50% of salary. You also have the option to club your spouse’s income for the purpose.
Main featuresDocumentation: You can submit the documents (see graph) either at the branch of your residing country, if it has one, or send it online or send it through your co-applicant.
Amount of loan: The amount of loan varies from bank to bank.
Loan to value (LTV): LTV is the ratio of the amount that you can borrow for buying a car to the actual value of the car or ex-showroom price of the car. Most banks finance 85-100% of the ex-showroom price.
Tenor: Tenor of the loan amount is between 5 and 7 years from the date of purchase of the car.
Interest rate and other charges: The interest rate for NRI car loans is the same as that offered to resident Indians.
Repayment: As per the Reserve Bank of India, repayment can be done only through remittance received from outside India through normal banking channels or through non-resident external/ordinary accounts or out of income earned from a rented property in India.
RBI has also allowed resident Indians to repay loans on behalf of their close NRI relatives.
What should you do?“The first question you need to ask is will the cost of funds you intend to borrow be cheaper overseas or in India,” said Vishal Dhawan, a Mumbai-based financial planner.
“Compare the interest rates of personal loan in the country you reside with car loans in India and go for the cheaper one.” Also, ensure that you have a healthy track record with your bank

NEW CAR LOAN - public vs private banks

Usually a new car buyer is attracted towards such loan providers who are easy to understand and take less time to process the amount irrespective of charges and future botherations

 
New Car market has grown very fast in last few years. With variety of car options and increased number of car buyer, varieties of Auto/Car loan products have been flooded by the public and private banks. Usually a new car buyer is attracted towards such loan providers who are easy to understand and take less time to process the amount irrespective of charges and future botherations. Let’s analyze the car loan offer by some of the prominent banks from the public and private domain and find out the institution that is providing a better deal for the customers. Following are the charges and offers by various banks in prevailing market situation:

The below-mentioned data help in drawing the criteria to select the most suitable bank. The rate of interest is an important point that differentiates banks while opting for a new car loan. Here we can see that the interest rate charged by the public bank is substantially low while compared to private banks. SBI’s interest rate is around 10.75% for its new car loan whereas the lowest rate charged by private banks is 11%. Most of the public banks have relaxed the customers for the prepayment penalty whereas private banks are charging a good amount if the loan is wrapped up earlier than schedule. The processing charges by the public banks are also lower than private banks.

To conclude we can say that the recent ups and downs in an interest rate have created a wide gap between the Public and Private bank. Monetary benefit seems to be more while selecting a public bank for a new car loan, but one should also keep in mind the average level of service quality provided by these banks. Private Banks always get an edge over public banks while it’s a matter of service quality. If the customer is ready to pay more and doesn’t want to negotiate with the services, then private banks are ahead of public banks. On the other hand, the monetary benefit is substantial with a public bank. If the customer is desirous to take a loan for long duration and there is no hurry, then go for a public bank whereas if there is immediate requirement and that too for a short period, then private banks can fulfill the needs.

Table Showing New Car Loan Charges by the Banks
BANK INTEREST RATE PREPAYMENT CLAUSE PROCESSING CHARGE OTHER CHARGE
HDFC BANK 11 to 17% 6% of Principal Outstanding(POS)if < 1 year from 1st EMI, Up to 2.5 Lacs : Rs.2000/- Late payment penalty :2% per month
5% of POS for pre-closures within 13-24 months from 1st EMI,  
3% of POS for pre-closures post 24 months from 1st EMI 2.51 to 4 lacs : Rs.3000/- 
No foreclosure allowed within 6 months from date of availing the car loan > 4 Lacs : Rs 3,500/-
AXIS BANK 12.5 % to 15% a>Foreclosure within 6 months- 10% of the outstanding loan amount Rs 3500 to Rs 5500 Late payment penalty :2% per month
b>Foreclosure after 6 months- 5% of the outstanding loan
SBI 10.75% Pre Payment Penalty is waived .51% of loan amount with a condition of minimum Rs 1020 and maximum Rs 10200/- No Penalty for loans up to Rs.25,000/-.
Above Rs.25000/- : If irregular, EMI/Installment for one month, then penalty@2% p.a.
(over and above the applicable interest rate)
on the overdue amount for the period of default.
ICICI BANK Up to 23 months-15.75% to 17.00%, 5% of principal outstanding or  For Loan amount: <2.5 Lac -Rs 2500 2% per month on the outstanding installment
For 24 months to 35 months-13.75% to 16.00 %, Interest outstanding for unexpired period of the loan, whichever is low. 2.5 to 9.9 Lac- Rs 3500 to 4200
For 36 to 60 months-11.5% to 14.75% Note :Part prepayment not allowed. > 10 Lac- Rs 5000
Documentation charges Rs 350/- extra for all loan amounts
Oriental Bank Of Commerce Loan tenure within 3 year:11.4%, after 3 year: 11.65% Prepayment Penalty / documentation charges/ upfront fee- NIL 0.50% of loan amount with a minimum of Rs.500. +Service tax, if any. NA
Data Source: Data taken from Respective Bank’s Website as on 23rd August 2012