If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
The electric vehicles segment has seen a great surge in the recent past. To tap this industry, car manufacturers in India have started to develop and launch electric vehicles that offer great performance. If you are looking to purchase an electric car but are unable to decide which car to purchase, here are a list of electric cars that will be launched this year:
The Hyundai Kona EV is the Hyundai’s first all-electric offering in the country. The car manufacturer will be launching the car by mid-2019 at a price of around Rs.25 lakh. The design of the Hyundai Kona EV is expected to be similar to that of the standard Kona, but with a few differences. Listed below are the various technical specifications of the Hyundai Kona EV.
| Hyundai Kona EV Technical Specifications | ||
|---|---|---|
| Power | 134 hp | |
| Peak Torque | 395 Nm | |
| Top Speed | 155 kmph | |
| Expected Price | Rs.25 lakh | |
| Expected Launch Date | Between June 2019 and July 2019 | |
| Key Features |
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The Audi E-Tron is a luxury electric SUV that is likely to be launched by the car maker between September 2019 and December 2019. It is claimed that the mid-size SUV can be driven more than 400 kms on one charge. The SUV offers high performance and efficiency. It is expected to be priced at around Rs.1 crore. The various specifications and key features of the Audi E-Tron are listed in the table below.
| Audi E-Tron Technical Specifications | ||
|---|---|---|
| Power | 300 kW | |
| Peak Torque | 660 Nm | |
| Top Speed | 200 km/h in the normal mode | |
| Mileage | 402 kms according to WLTP European standards | |
| Expected Price | Rs.1 crore | |
| Expected Launch Date | Between September 2019 and December 2019 | |
| Key Features |
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The Mahindra eKUV 100, which was introduced in the 2018 Auto Expo, is a highly anticipated offering from the car maker. The car is expected to be launched in the country by mid-2019. The car is likely to be sold in a total of 6 colours. Given below are the technical specifications of the Mahindra eKUV 100.
| Mahindra eKUV 100 Technical Specifications | ||
|---|---|---|
| Power | 39.6 bhp @ 3,500 rpm | |
| Peak Torque | 91 Nm @ 1,050 rpm | |
| Displacement | 3-Phase AC Induction | |
| Seating Capacity | 5, 6 | |
| Fuel Efficiency | 140 kms on a full charge | |
| Top Speed | 75 kmph | |
| Expected Price | Between Rs.8 lakh and Rs. 10.5 lakh | |
| Expected Launch Date | Mid 2019 | |
| Key Features |
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The electric version of the Tata Tiago was showcased by the car manufacturer in the 2018 Auto Expo. The car is expected to priced between Rs. 10 lakh and Rs.12 lakh. Tata Motors is likely to launch the electric vehicle in May 2019. The key features of this EV from Tata Motors is listed in the table below.
| Tata Tiago EV Technical Specifications | ||
|---|---|---|
| Power | 40 bhp | |
| Peak Torque | 240 Nm | |
| Engine | 80kW electric motor | |
| Gearbox | Single-speed gearbox | |
| Top Speed | 135 kmph | |
| Expected Price | Between Rs.10 lakh and Rs. 12 lakh | |
| Expected Launch Date | May 2019 | |
| Key Features |
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The Renault Zoe EV is an upcoming hatchback that is already sold in European markets. The car is expected to be launched in India between May 2019 and July 2019. The Renault Zoe EV will have a sporty exterior and an interior design that matches the exterior. The key specifications of the Renault Zoe EV are given below.
| Renault Zoe EV Technical Specifications | ||
|---|---|---|
| Power | 466 bhp | |
| Peak Torque | 640 Nm | |
| Mileage | 400 kms (as per European driving cycle) | |
| Expected Price | Between Rs.8 lakh and Rs.10 lakh | |
| Expected Launch Date | Between May 2019 and July 2019 | |
| Key Features |
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These are a few electric cars that are expected to be launched in 2019. You can do the required research and purchase an electric car that is most suited to your needs and budget. There are a number of banks and financial institutions that offer auto loans to individuals who wish to purchase cars. If you wish to avail a car loan, you can apply online either through the official website of a lender or through a trusted third-party financial services website.
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Out of the total 9 cars introduced by Maruti Suzuki, the new Ertiga is one of the cars that meet the upcoming safety norms under Bharat NCAP. Owing to the lighter and stronger Heartect platform that underpins this car along with the addition of more safety kit across models, the new Ertiga is expected to be safer than its predecessor. According to the claims by the company, the new Ertiga is compliant with the tests of frontal offset impact, side impact, and pedestrian protection outlined by Bharat NCAP. Apart from the Ertiga, the Heartect platform is featured in several Maruti Suzuki cars such as the Baleno, Ignis, and Swift. Because of the new platform, the new Ertiga is approximately 10-20 kg lighter, based on the model, as well as sturdier than its previous version. The new platform also helps increase the car’s dimensions, making it 99mm longer, 40mm wider, and 5mm taller. While the wheelbase of this car remains unchanged, the increase in the overall size has made the interiors of the MPV more spacious, especially the third row. As opposed to the previous model of the Maruti Suzuki Ertiga, the new version carries multiple safety equipment such as dual-front airbags, Isofix child seat mounts, ABS with EBD, speed-sensitive door locks, rear parking sensors, and a speed warning system as standard across all variants. The higher-spec trims add safety features like height adjustable seat belts in the front. Furthermore, the top-spec variant of this MPV gets a rear parking camera and the automatic versions come with ESP and a hill-hold function.
29 November 2018
Due issues relating to pricing, Kia Motors has decided to focus primarily on the premier segment as opposed to the small car segment. The CEO for Kia Motors, Kook Hyun Shim stated that they might consider entering the premium small car segment sometime in the future.
Kia Motors plans on launching its first offering, an SUV code named SP2, in mid-2019. Mr.Shim further added that the new vehicle is India-specific and the carmakers have no intention of importing any models from its global line-up.
Furthermore, Kia Motors is an advantage with regards to the implementation of the new auto policy. The CEO stated that Kia Motors is well prepared since they have another year to implement the new policy.
26 October 2018
Owing to sudden spike in prices of fuel and insurance along with the degrading condition of the stock markets, car sales have been declining for quite some time. In a bid to protect themselves from the alarming decrease in car sales, car and sport utility vehicle (SUV) manufacturers have decided to provide festive offers to entire buyers and push sales. As per a report, the inventory levels of these vehicle manufacturing companies are far above average which, in turn, has led them to offer massive discounts. Several car makers such as Hyundai, Maruti Suzuki, Ford, Mahindra & Mahindra, BMW, Mercedes-Benz, Audi, and Tata Motors are offering discounts on their products including sedans, hatchbacks, and SUVs. The auto industry witnessed a growth of 7% during the first half of the current financial year, but the outlook currently looks tough.
Maruti Suzuki is offering a discount of Rs.25,000 on the Alto 800, while the WagonR currently has a discount of Rs.40,000. On the other hand, the Maruti Swift and Swift Dzire are available with a discount of Rs.20,000. The Hyundai Grand i10 is available on a discount of Rs.40,000, and the Elite i20 and Verna feature a Rs.20,000 off. Mahindra & Mahindra is providing a Rs.58,000 off on the Scorpio. According to the Head of Industry Body Society of Indian Automobile Manufacturers (SIAM) and the President of the Automotive Division at Mahindra & Mahindra, Rajan Wadhera, this step was taken since many people are postponing their purchases since the running costs have increased. In addition to this, the car sales in the country are witnessing a decline owing several other factors such as high fuel prices, low consumer sentiment, and the effects of monsoon in several parts of India. According to the report, the car manufacturing companies also blame the insurance costs along with the recent political discourses in the run-up to elections for impacting the buyer sentiment. The Managing Director and Chief Executive Officer at Hyundai, Y K Koo, has stated that the situation is unhealthy and the crash of the rupee is troubling companies even further. He further added that even though the inputs of the company are expensive, Hyundai is not able to pass on the additional costs since sales are slow. SIAM had given a forecast of 9% to 11% for the sector at the beginning of FY 2018-19, but it needs to be revised downward now looking at the current situation. Even luxury cars such as Mercedes-Benz and Audi have recorded a marginal decline in numbers. One of the top dealers in New Delhi has recently stated that there is a liquidity crunch because of the cautious banking system. On the other hand, traders and SMEs are not getting enough funding to meet even their business needs, while the stock market turmoil has also not helped with the situation.
25 October 2018
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