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3 Reasons To Invest in Indian Automobile Sector

The Indian automobile market is slowly gaining momentum and the auto experts have predicted better days ahead. The enquiries have started to pour in, inventories are now getting off shelf, new cars are being launched and the sales are getting executed.  People can drive like a boss in a stunning car. True bil is India first and largest marketplace to sell and buy automobiles. You can shop most popular car models from Maruti, Suzuki, Toyoto, Hundai, and more with ease. You can shop from the widest collection of used cars and get the power of elegance in your hands. They also offer broad catalog of Second hand cars in Mumbai such as used i20 Mumbai, used swift car and more along with the comprehensive services. The emergence of e-commerce sites has increased manifold and more number of first time buyers are now investing in automotive sectors.

Having said this, here are the 3 other important reasons that confirm bright prospects for Indian automobile industry:

Aim to make India a global automotive hub: The term from the year 2012 to 2016 was a consolidation period that saw car market making some good grounds. The last 4 years saw host of decisions that will have far reaching positive effects on Indian Automotive sector.  The governments have aimed to make Indian a global automotive hub, with special emphasis on the export of small cars, MUVs, two- and three-wheelers and auto components.

New initiative taken by the Government:  The new initiative mission plan is undertaken by the government to accelerate and sustain growth in automotive sector. One of them was the evolution of online automobile website. The plan also aims to double the contribution of the automotive sector to the country’s GDP by taking its turnover to USD 146 billion and offering additional employment opportunity to 24 million people by 2016.

Low tax regime: Apart from the policies introduced by the government for the auto industry, another positive step taken by the Government of India has been the tax relief provided in the 2016 budget. The third reason that establishes the supremacy of car market in India is the low tax rate regime. The Indian Government has proactively cut the excise duty thereby leading to increased investment in infrastructure sector. Additionally, the scope for further rate cut confirms the low interest rate cycle India has stepped in. All of these parameters point to positive future for auto industry in the country.

All of the measures will give the much needed impetus to the growth of automobile in medium to long term. The car manufacturer and investors in India can be rest assured of some record gains in the years to come by.

New BMW M5 is Ready!

The BMW M5 series is one of the most stylish super saloons on the motor market up to date since its first release in the early 1980s. With its main competition being the likes of the Jaguar XFR, the Vauxhall VXR8 GTS, Alphina B3 Biturbo just to mention a few, the BMW M5 still remains outstanding when it comes to performance and style.

This is more evident in the new 2016 BMW M5. The 2016 BMW M5 has got car fanatics anxiously waiting for its release into the market with some car critics giving it a five star rating saying that it has impressive performance and ultimate luxury.

2016 BMW M5

2016 BMW M5

The car comes with new unique upgrades and a new competition package from the previous version as we shall see. Below is an in-depth review of this sweet car with all its specifications and price range.

2016 BMW M5 Exterior Changes

As you can see on the images from http://topcarsreleasedates.com/2016-bmw-5-series/ The 2016 BMW M5’s exterior has been sleekly designed to give it an aggressive sporty look while at the same time giving it the dynamic blend in design and performance. The exterior comes with upgrades on the grille and the LED lights to give it a more futuristic appearance.

2016 BMW M5 front

2016 BMW M5 front

This car is a five door sedan that comes with the usual quad exhaust tailpipes. It comes with a tie pressure monitoring system with the standard tires being 19.0” in diameter and a width of 295mm fitted into silver forged aluminum rims with 4-wheel ABS brakes. The car also comes with power remote driver mirror adjustment.

2016 BMW M5 back

2016 BMW M5 back

The car is also fitted with rear defoggers and a very well designed sunroof. It also comes with adaptive headlights and cornering lights all designed to give it a stunning and competitive look. The standard specifications are 193.5”x74.4”x57.3’ (length by width by height).

2016 BMW M5 Interior Photos

The interior was not left out. It also spots a few impressive upgrades. The 2016 BMW co0mes with an automatic front air conditioning and a controlled rear air conditioning system. It is also fitted with fancy devices like a single in-dash CD audio system with radio and mp3 support. It is also fitted with cruise control features and a tilt and telescopic, speed proportional power steering.

2016 BMW M5 interior

2016 BMW M5 interior

The interior cabin is very spacious to meet the luxury it’s associated with. There is enough head and leg space in both the front and rear seats. The driver seat comes with multi-level heating and a power adjustment option. It’s also fitted with power windows.

The 2016 BMW M5’s interior capacity is 5 passengers with the seats upholstered in leather. That’s not all, it also comes with child safety features like manual child safety locks. On telematics and security, the car comes with a voice activated navigation system and an anti-theft alarm system

Engine specs – 2016 BMW M5

The base option is fitted with a 4.4ltr V8 engine that yields up to 560hp at 6000RPM. The engine offers more performance with more fuel efficiency compared to the previous V10 engine that was in the previous version. This new push button to start engine has a 10:1 compression ratio has an MPG of 14 for city and 20 for highway. The engine yields 500lbs-ft at 1500RPM of torque. It also has a 7 speed automatic transmission with auto-shift.  The engine delivers an impressive 0-60MPH at a record 4.3 seconds.

The engine is a rear wheel drive with a double wishbone front suspension and a multilink rear suspension. So in as much as the engine lost its raw intensity after the switch from the V10 to the V8, the performance and dynamics of this super saloon haven’t been adversely affected, on the contrary, the performance has improved and the car is now more fuel effective that ever.

The 2016 BMW M5 comes with stability and traction control, features that only come in high-end cars.

2016 BMW M5 – Price & Release Date

The 2016 BMW M5, which only comes in one trim has very appealing price compared to its rivals. Its MSRP currently stands at USD $94,100 for the base option with a basic warranty of 48 months or 50,000 miles. The release date is yet unclear but sources say that the car could hit the motor market by July, 2016.

Points To Note When Buying A Used Car

lotsampleMany people nowadays more open to the idea of getting a pre-owned car because it allows them to make the most use of their hard-earned personal savings. The price spread between new and second-hand vehicles is widening. These days, it is common to find used cars under 5000 USD, even used cars under 1000 USD. True, searching for the best used cars under 5000 USD is not the easiest of tasks, but the savings you enjoy if you get one pays off for all the effort you put in.

Among the best ways to find information about used cars under 5000 USD would be in the internet. You can buy these pre-owned used cars under 5000 USD from private parties, dealerships, and from car makers that have a certification program for pre-owned vehicles. The best used cars under 5000 USD are in most cases found at auctions. There are some auction houses that have put up websites, and they hold an extensive catalog when selling these cars.

Getting second-hand cars under 5,000 USD does have its inherent risks though, more so with those used cars under 1000 USD. Reports of car buyers getting lemons, cut-and-shut, flooded, accident-damaged, or stolen vehicles that had their number plates replaced, are unfortunately not unheard of.

Hence, you should exercise vigilance whenever you intend to buy a used car. One of them would be to inspect the vehicle yourself with the use of an assessment checklist, which you may get from the Internet or car magazines. Never view a car in the rain, in poor light or at night. If you’re going to purchase one from a private seller, do not agree to view the car at a rest stop, or at a petrol station. Never agree to a meet-up in a service station or a pull-off. It’s recommended that its better you have a qualified mechanic check the car you intend to get to help you arrive at an informed decision. Besides, take the car for a spin. Some people make the mistake of just test driving a car on the freeway where there is no traffic congestion. Aside from ascertaining how it performs in day-to-day stop-and-go traffic, you would also want to see how it fares if taken uphill or on major thoroughfares.

Also, it is imperative that you know the car’s history. This will include requesting for the cars servicing records from either the current owner or the dealer of the car. You have to find if the car had been damaged in a flood or even involved in a collision. Moreover, make sure you check if the dealership or the individual who is selling the used car to you sells it at a fair price.

Finally, there are only two ways you can pay for your used car, and that is by paying cash or through credit. In the long-run, the latter would cost you more as you will have to pay for the cost of credit. Either way, factor in insurance, tax, and any work that is needed so to make the right choice.