Fuel-efficient cars to gain traction: report
The Hindu
Maruti Suzuki India Limited has about 65% market share in the less-than-₹10 lakh price category
With fuel prices going up by 35% over the past 15 months thereby impacting overall vehicle running costs, cars that have higher fuel efficiency and lower maintenance costs are expected to gain higher traction among buyers in India, especially in the sub-₹10 lakh category, according to a report.
Considering the fact that 70% of the passenger-vehicle market in India is still accounted for by vehicles costing less than ₹10 lakh, the development augurs well for market leader Maruti Suzuki India Limited (MSIL), said the report by HSBC Global Research.
MSIL has about 65% market share in the less-than-₹10 lakh price category, it added.
The fear of being caught for traffic rule violation has indeed compelled many two-wheeler riders to wear helmets. But one cursory look at riders at any traffic junction in Bengaluru shows that more than half the riders have on their heads non-standard helmets, designed solely to evade the eye of law, with little concern for the safety of their own heads.
When Britain handed Hong Kong back to China in 1997, Beijing promised to retain the city’s Western-style civil liberties for 50 years. However, since the introduction of the 2020 law, Hong Kong authorities have severely limited free speech and assembly under the rubric of maintaining national security.