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Category: Automotive

Retail News Asia is committed to providing both local and global retailers with the latest Auto and Car news throughout the Asian market. This on a daily base.

  • Maruti Suzuki Celerio And Celerio X Updated With New Safety Features

    Maruti Suzuki Celerio And Celerio X Updated With New Safety Features

    The Maruti Suzuki Celerio and the Celerio X hatchbacks are the latest offerings from the manufacturer to get additional safety kit to meet the upcoming safety norms. As part of the upgrade, the Celerio and its cross-hatch sibling now get ABS with EBD, speed alert system, driver and passenger seatbelt reminder, rear parking sensors as standard across all variants. The driver side airbag was already a standard feature on the offering. With the additional kit, the Celerio range has a slight bump in prices as well and now starts at ₹ 4.31 lakh for the base LXi trim. The Celerio X, meanwhile, starts at ₹ 4.80 lakheeco.

    Apart from the new safety features, the Maruti Suzuki Celerio and the Celerio X get no other changes, both visually and on the feature front. Power too, comes from the same 1.0-litre K-Series, three-cylinder, petrol motor tuned for 67 bhp and 90 Nm of peak torque. The motor is paired with a 5-speed manual gearbox with the AMT unit available as optional. The Celerio also comes with a factory-fitted CNG kit that is offered on the mid-trim manual version.

    The updated Celerio joins the Eeco in the latest set of Maruti Suzuki cars to get the mandatory safety features. More recently, the automaker announced the availability of the new Ciaz sedan powered by the 1.5-litre diesel engine. The new motor replaces the tried and tested 1.3-litre Fiat-sourced Multijet engine that powered nearly all of Maruti’s diesel range for over a decade. The new 1.5-litre oil burner has been developed in-house by Suzuki and is tuned to churn out 94 bhp and 225 Nm of peak torque. The motor is paired with a 6-speed gearbox and returns an ARAI claimed fuel efficiency figure of 26.82 kmpl, one of the best in the segment.

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  • Bentley Bentayga V8 Design Series Unveiled

    Bentley Bentayga V8 Design Series Unveiled

    Bentley is introducing a new special edition model to the Bentayga range and is calling it the V8 Design Series. The changes on the Bentley Bentayga V8 Design Series are limited to aesthetics in a bid to enhance its road presence. Bentley has taken the standard V8 variant and has updated it with special colour schemes and finish from Mulliner on the exterior as well as inside the cabin.

    On the outside, the bumper is finished in body colour and there are gloss black exhaust pipes at the rear. The seven-spoke alloy wheels are finished in dark gray and get monochromatic treatment which goes well with the shade. On the inside, the owner has the option to choose from a range of dual-tone colour options including red, orange, white and Blue and the accents are available as part of the design for the first time. The dashboard and console get contrasting accents as well and there is the Design Series badging on the seatbacks. The Bentley Bentayga V8 Design Series also features carbon-fibre palette running the length of the dashboard and similar trim on the doors.

    Mechanically, the Bentley Bentayga will remain identical to the V8 standard version. It is powered by a 4.0-litre V8 motor which churns out 542 bhp at 6000 rpm and 770 Nm of peak torque between 2000 rpm and 4500 rpm. It takes 4.5 seconds to clock triple-digit speed and the top speed is limited to 290 kmph.

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  • European Union Says BMW, Daimler, VW Colluded To Limit Emissions Technology

    European Union Says BMW, Daimler, VW Colluded To Limit Emissions Technology

    European Union authorities said Friday that German automakers BMW, Daimler and Volkswagen colluded to limit the development of emissions-cleaning technology in cars. The finding adds to the car industry’s woes after Volkswagen in 2015 admitted to cheating on emissions tests in the U.S., which led to a worldwide reevaluation of how cars are tested and how to limit emissions to make air cleaner and fight climate change.

    The EU antitrust regulator said that after an in-depth investigation, it found that BMW, Daimler and Volkswagen, including its Audi and Porsche units, broke EU laws from 2006 to 2014 by illegally agreeing among themselves to limit the roll-out of the technology. The technology helps eliminate nitrogen oxides, which can be harmful to human health, from both gasoline and diesel passenger cars.

    The alleged actions could have limited Europeans’ opportunities to buy less polluting cars, but would not have affected price, the EU said. It did not explain how the companies might have profited.

    The probe is separate from other legal procedures against carmakers for allegedly breaching environmental laws or using illegal software in car engines. EU authorities raided the offices of the three companies in October 2017 and opened their investigation on this case in September last year.

    BMW said discussions among engineers were meant to improve exhaust gas technologies and that the whole industry was aware of these talks. It said they did not involve any secret agreements or intend to hurt customers.

    Daimler said it was cooperating with the EU and does not expect to receive a fine. Volkswagen said it was also cooperating and would issue a statement once it has reviewed the EU investigation. The EU noted that its preliminary findings do not prejudge the final outcome of the investigation.

    The case comes after Volkswagen admitted four year ago to using software in diesel car engines to cheat on U.S. emissions tests. It has set aside some 27.4 billion euros ($32 billion) for fines, settlements, recalls and buybacks. Former CEO Martin Winterkorn was criminally charged by U.S. authorities but cannot be extradited; Audi’s division head was jailed.

    Renewed scrutiny of diesel emissions revealed that cars from other automakers also showed higher diesel emissions in everyday driving than during testing, thanks in part to regulatory loopholes that let automakers turn down the emissions controls to avoid engine damage under certain conditions. The EU subsequently tightened its testing procedures.

    Anti-trust fines can be steep. In 2016 and 2017 the EU Commission imposed a fine of 3.8 billion euros after it found that six truck makers had colluded on pricing, the timing of introduction of emissions technologies and the passing on of costs for emissions compliance to customers.

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  • Maruti Suzuki Cuts Vehicle Production By Around Half

    Maruti Suzuki Cuts Vehicle Production By Around Half

    The country’s largest car maker Maruti Suzuki India (MSI) cut vehicle production by around 21 per cent across its factories in March due to subdued demand. The auto major produced a total of 1,36,201 units in March, including Super Carry LCV, down 20.9 per cent from 1,72,195 units in the year-ago period, it said in a regulatory filing. The production of passenger vehicles, including Alto, Swift, Dzire and Vitara Brezza, declined by 20.6 per cent to 1,35,236 units as compared with 1,70,328 units in March 2018.

    The compact segment saw 7.5 per cent decline in production to 81,163 units, while utility vehicle witnessed a drop of 26.4 per cent to 17,719 units in March.

    However, production of vans rose by 6 per cent to 15,710 units last month as compared with 14,822 units in March 2018.

    When contacted, MSI declined to comment on the reason for decrease in production.

    In February, MSI had cut production by over 8 per cent to 1,48,959 units from 1,62,524 units produced in the year-ago period.

    In January, the company had reported a total production of 1,83,064 units, up 15.6 per cent from 1,58,396 units produced in January 2018.

    MSI’s installed manufacturing capacity at its two plants in Gurgaon and Manesar stands at 15.5 lakh units per annum. Besides, the Suzuki-owned Hansalpur (Gujarat) plant also has an installed capacity of 2.5 lakh units from the first line.

    The second production line has been commissioned at the plant, but is yet to reach its peak capacity of 2.5 lakh units per annum.

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  • Elon Musk Loses $1 Billion In Two Minutes

    Elon Musk Loses $1 Billion In Two Minutes

    Elon Musk saw $1.1 billion wiped from his net worth in the first two minutes of New York trading as Tesla Inc. shares sank as much as 11 percent.

    The fall cut his net worth to $22.3 billion on the Bloomberg Billionaires Index as of 9:32 a.m. The electric-car maker had reported a record decline in deliveries during the first quarter, down to 63,000 vehicles in the three months that ended in March, from 90,966 in the fourth quarter.

    About $10 billion of Musk’s fortune is derived from Tesla with approximately $13 billion coming from his stake in closely held rocket business Space Exploration Technologies Corp., according to calculations by the ranking.

  • Pininfarina Launches New Website To Strengthen Its Online Presence

    Pininfarina Launches New Website To Strengthen Its Online Presence

    Mahindra-owned Pininfarina has announced the launch of its new website detailing out its complete product and service that are on offer. The Italian marque says that the new website will further aid to strengthen the company’s digital presence and showcase how broad and structured its service offer is. For this project, Pininfarina has roped in the creative agency Vangogh from Milan, which has designed and developed the new website.

    Talking about the company’s new website, Giuseppe Bonollo, Director Sales and Marketing, Design, Pininfarina S.p.A. said, “We are a company made up of people with a multitude of skills, from car design to engineering, from industrial design to architecture, from digital design to the ability to build prototypes and cars in small series. A wealth of skills that allows us to have a unique and comprehensive approach to projects, always consistent with our mission from the beginning: the creation of products and services that transform and innovate the experience for the end user. The new site is, therefore, the global showcase of the plurality of our skills and services”.

    In addition to the company’s several design projects, the website also offers details about its all-new fully-electric hypercar the Battista, which was revealed early this year in Cambiano, Turin. Furthermore, the website also talks about Mahindra’s recently launched intermediate commercial vehicle, the Mahindra Furio.

    Max Galli, President of vangogh said, “We are excited to collaborate with Pininfarina, another Italian excellence that entrusts to our agency the objective of enhancing the Made in Italy talent oriented to the global export of quality. Creativity, innovation and effectiveness are the levers that will guide us in this precious “collaboration”, in which the values of Pininfarina reflect those of our agency”.

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  • Harley-Davidson’s New Engine Revealed

    Harley-Davidson’s New Engine Revealed

    Harley-Davidson is working on a new liquid-cooled engine that is expected to power a range of new middleweight models including the production versions of the Harley-Davidson Pan America adventure tourer, Harley-Davidson Custom 1250 and the Harley-Davidson Streetfighter. The engine designs filed with the European Union Intellectual Property Office reveals quite a few details about the new engine, which is expected to be used in several new models to be launched between 2020 and 2022. The new engine will be a 60-degree v-twin which will be fully liquid-cooled, with a compact crankcase and transmission.

    The design images of the new engine shows mounting points behind the transmission and on either side of the cylinder heads, and the concept designs of the upcoming models also suggested that the engine will act as a stressed member of the chassis. The latest design images don’t indicate any engine displacement, but Harley-Davidson has already announced that engine sizes will vary from 500 cc to 1250 cc. But these lack the traditional pushrods and will have double overhead cams.

    The original concept images of the upcoming Harley-Davidson models reveal that the engines on each model are slightly different. The Custom 1250 had different coloured covers for the heads for a two-toned effect. The Streetfighter 975 also had a two-toned engine but with a difference in colours. The latest design filings are a mix of the engine types seen on the concept images. The head covers and cylinder covers are all separate pieces on the engine design images. At least three new models, showcased as concept images, will be launched in the next few years. First up, will be the Harley-Davidson Pan America adventure tourer, which will likely be launched in 2020, as a 2021 model. Next up will be the Streetfighter, which is expected sometime later, followed by the Custom 1250.

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  • Harley-Davidson India Launches Internship Programme

    Harley-Davidson India Launches Internship Programme

    In a celebration of Harley-Davidson’s tenth year in India, the American motorcycle brand has announced a summer internship, offering motorcycle fans an experience of a lifetime. The internship was launched in the US last year, and now Harley fans can become a part of the brand, and experience the Harley-Davidson lifestyle up close and personal.

    This one-of-a-kind opportunity will allow interns to be part of Harley-Davidson’s marketing and social media team, and will get to take to the road, and document their journey throughout summer. The internship has been launched on March 31, 2019, and Harley-Davidson India is inviting applications from fans of the brand to be a part of the Harley-Davidson story in India.

    “We are thrilled to launch the INTERN program in India for the first time. The Internship will be a great way to engage and build future Harley-Davidson riders, lending them a first-hand experience of the Harley-Davidson way of life. We are looking forward to the next few months where at the end of the selection process, three candidates will earn their place here to spend a whole month with us,” said Sajeev Rajasekharan, Managing Director, Harley-Davidson India.

    According to Harley-Davidson, to qualify for this internship, candidates must be socially savvy storytellers, and interested candidates must describe what freedom means to them by creating a video, writing an essay, developing a photo collage or creating whatever piece of content they want to make their application unique and submitting it to the Harley-Davidson India’s Instagram handle.

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  • Jeep Compass Sport Plus Launched In India

    Jeep Compass Sport Plus Launched In India

    The Tata Harrier has surely escalated the competition in the compact SUV segment and it has proved to be a strong product, especially at the price Tata Motors has launched it. The Jeep Compass is the obvious-first rival to the Harrier and the company has added a new Sport Plus variant to the range in a bid to compete against the Harrier. The Jeep Compass Sport Plus has been launched in India at ₹ 15.99 lakh for the petrol variant and ₹ 16.99 lakh for the diesel variant.

    The Sport Plus variant of the Compass has been positioned above the base Sport variant and is more feature-rich. The added exterior kit includes 16-inch alloy wheels finished in silver, black roof rails and rear parking sensors. The rear windscreen, pillars and window fringes are also finished in black. The cabin of the Jeep Compass Sport Plus trim will be equipped with a 5.0-inch touchscreen infotainment system and dual-zone climate control which the base trim doesn’t get. We would have liked Jeep to also include the power folding wing mirrors which makes maneuvering through tight spots easy. However, safety kits such as dual front airbags, ABS, ESC and traction control are standard throughout the range.

    Mechanically the Compass Sport Plus remains identical to the base variant. The diesel is powered by the same 2.0-litre, four-cylinder Multijet turbo motor which makes 172 bhp and 350 Nm of peak torque and is mated to a six-speed gearbox as standard. The petrol is the 1.4-litre, four-cylinder MultiAir Turbo motor which develops 161 bhp and 250 Nm of peak torque and is also offered with an automatic gearbox, while the six-speed manual is standard.

    Other than the Harrier, the Jeep Compass Sport Plus will compete with the W4 variant of the Mahindra XUV500 and SX variant of the Hyundai Creta.

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  • Revolt Motors To Launch India’s First A.I Enabled Motorcycle this Year

    Revolt Motors To Launch India’s First A.I Enabled Motorcycle this Year

    Electric mobility is the future and with India being one of the largest two-wheeler markets in the world, it holds immense potential for electric two-wheelers. And Revolt Motors, an up and coming EV startup, founded by Rahul Sharma, who is also the co-founder of Micromax mobile phones, looks to cash on this potential. Revolt Intellicorp is wholly owned by Rahul Sharma and the company has been setup on an investment of about ₹ 400 crore to ₹ 500 crore.

    Revolt will be launching its first product, an electric and artificial intelligence enabled motorcycle in June 2019. The company is headquartered in Gurgaon; Revolt Motors has a manufacturing facility in Manesar, which has a capacity of 1.2 lakh units of electric motorcycles in the first phase, which is actually more than twice the size of the entire electric two-wheeler market. The company also has an in-house R&D team, which has worked on the new A.I enabled motorcycle for two years.

    Rahul Sharma, Founder, Revolt Intellicorp Pvt. Ltd. said, “As a mechanical engineer by qualification, I always found mobility and the expanse of opportunities it offers, very intriguing. There is a colossal need for using technology to disrupt urban commute and make it cleaner and sustainable. I’m doing my bit and I feel this is the right time for every player operating in this space to come together for the greater good of our environment. My vision is to see every household in India have access to sustainable mobility.”

    Coming to the motorcycle itself, Revolt is confident that it will be a game-changer in the Indian two-wheeler market. It will be fully electric, enabled with A.I and will have an embedded 4G LTE SIM as well. The product will have a range of about 150 kilometres on a single charge and will have a lithium-ion battery pack which can be swapped. The top-speed has been limited to 85 kmph. While the battery and the electric motor will be imported, the battery management system and the electronic control unit were designed in house.

    The company will also offer innovative charging solutions when the EV is launched in June 2019. Delhi NCR will be the first market and Revolt Motors says that it will have online sales along with on-ground dealerships and experience centres as well. The company is of the idea that it has to grab double digit market share in the first few years of its operation and it is looking at the entire two-wheeler segment and not just electric two-wheeler space as its market.

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  • Volvo XC60 And V60 Polestar Unveiled

    Volvo XC60 And V60 Polestar Unveiled

    Volvo has unveiled the performance-oriented Polestar version of the XC60 and V60. Both the cars are plug-in hybrid models and are based on the standard T8 variants, however, will be faster. They are powered by the same 2.0-litre, four-cylinder petrol motor which is tuned to churn out 415 bhp (15 bhp more) and 669 Nm of peak torque (33 Nm more) and the engine is coupled with an electric motor. The Polestar powered XC60 and V60 are quicker to triple-digit speeds and can clock 100 kmph in less than 5 seconds.

    On the outside, there isn’t much to distinguish the Polestar XC60 and V60 from their standard models. The major changes include new 10-spoke alloy wheels, gloss black grille, exaggerated wheel arches and of course, the Polestar moniker. The cabin of the new Polestar models is finished in Charcoal shade. The front seats have got enhanced bolstering for better support and seatbelts get the typical Polestar Gold finish.

    The Volvo XC60 is already on sale in India but we don’t have any final word about the V60. Also, Volvo has not revealed any details about the launch of the Polestar models yet.

  • BMW Group India Shows Strong Growth Sales

    BMW Group India Shows Strong Growth Sales

    BMW Group India has registered the highest-ever Q1 sales. All three brands – BMW, MINI and BMW Motorrad – helped in achieving this strong growth in sales. In Q1 2019, BMW Group India delivered 2982 cars (BMW + MINI) registering a growth of 19 per cent as compared to Q1 2018. BMW India sold 2822 cars, clocking a notable growth of 19 per cent. MINI India led the niche small-premium car segment with sales of 160 cars and a growth of 18 per cent. BMW Motorrad India posted a remarkable growth with sales of 597 units.

    The BMW 5 Series and the BMW 6 Series Gran Turismo have contributed strongly to the growth story. BMW also saw significant contribution coming from the locally-produced X range with introduction of the all-new BMW X4 Sports Activity Coupe that created a novel segment in the luxury car market and generated new demand. The locally-produced Mini Countryman together commanded a share of over 80 per cent in Mini sales. The sub-500 cc offerings of BMW Motorrad – BMW G 310 R and BMW G 310 GS got the lions share with over 80 per cent sales. The recently launched BMW R 1250 GS and BMW R 1250 GS Adventure have also created high demand among motorcycling enthusiasts.

    Dr. Hans-Christian Baertels, President (Act.), BMW Group India, said, “BMW Group India will continue its unwavering focus on maximizing performance, bringing best-in-class products to the Indian market and exceeding expectations on each and every service that is offered. We are confident that the growth strategy for BMW, MINI and BMW Motorrad will yield even higher results in the coming months and we will continue to grow the luxury vehicle market in India.”

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  • Daimler Opens Mercedes-Benz Plant In Moscow Area

    Daimler Opens Mercedes-Benz Plant In Moscow Area

    German automaker Daimler officially opened a Mercedes-Benz factory near Moscow on Wednesday at a ceremony attended by President Vladimir Putin, marking a rare foreign investment into Russia’s car industry. The plant in the town of Esipovo 40 kilometers north west of Moscow is the first in years to be opened by a foreign carmaker in Russia where investment into the once burgeoning auto industry dried up amid western sanctions and a stagnant economy.

    Speaking at the inaugural ceremony, Putin said the plant would produce 25,000 cars a year and that investment in the project had totaled 19 billion roubles ($291 million).

    Putin said the factory, built after Daimler signed a deal with Russia’s authorities in early 2017, would employ almost 1,000 people.

    Most global automakers opened plants in Russia in the first half of the 2000s, but after peaking in 2012 car sales slumped to a ten-year low of 1.42 million in 2016. The market is picking up again, and a total of 1.8 million cars were sold last year.

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  • Ex-Nissan Chief Ghosn Rearrested In Tokyo

    Ex-Nissan Chief Ghosn Rearrested In Tokyo

    Former Nissan chief Carlos Ghosn was rearrested early Thursday in Tokyo on fresh financial misconduct allegations, with the auto tycoon slamming his detention as “outrageous and arbitrary”.

    Authorities arrested the 65-year-old less than a month after he was dramatically freed on bail following more than 100 days in detention. Local media said prosecutors had entered Ghosn’s temporary accommodation in central Tokyo early Thursday morning and that he left with them by car shortly afterwards.

    An AFP reporter outside the home saw three men in dark suits guarding the entrance to the building’s car park and a police officer patrolling, as dozens of journalists gathered. Ghosn issued a statement through his representatives after the arrest calling it as “outrageous and arbitrary”.

    “It is part of another attempt by some individuals at Nissan to silence me by misleading the prosecutors. Why arrest me except to try to break me? I will not be broken,” he said, insisting that he is innocent of the claims against him. Reports emerged Wednesday that prosecutors were weighing rearresting Ghosn as they investigate claims related to at least $32 million in Nissan funds transferred to a distributor in Oman.

    According to a source familiar with the matter, some of this money is believed to have been used to buy a luxury boat for Ghosn and his family. The former high-flying executive already faces three charges of financial misconduct related to allegations he under-reported his compensation and sought to transfer losses to Nissan’s books.

    He has denied any wrongdoing and took to Twitter for the first time Wednesday, using a newly created account that his spokespeople confirmed was authentic, to announce plans for a press conference.

    “I’m getting ready to tell the truth about what’s happening. Press conference on Thursday, April 11,” said the tweet, sent in English and then Japanese.

    The ‘Razor’

    Ghosn currently faces two separate charges of deferring his salary to the tune of nine billion yen ($81 million) and not revealing this in official documents to shareholders. The Brazil-born auto sector pioneer, widely credited with saving Nissan from the brink of bankruptcy, also faces a charge of seeking to shift personal investment losses onto Nissan’s books and then using company funds to pay a Saudi associate who stumped up collateral for him.

    The case has been a rollercoaster ride of unexpected twists and turns from the moment Ghosn was first arrested at a Tokyo airport out of the blue on November 19.

    He has since been re-arrested on multiple occasions over a series of allegations, employed a little-used article of Japanese law to force a day in court and emerged on bail dressed in a workman’s uniform and cap in a bizarre attempt to avoid the media.

    Since his release on bail on March 6, he has kept scrupulously quiet despite daily attempts by local and international media to interview him. His lawyer Junichiro Hironaka, known as the “razor” for his mental sharpness, has done the talking for him, appearing twice in front of the foreign media to plead his client’s innocence.

    In his latest appearance on Tuesday, Hironaka announced he had filed a petition with the Tokyo District Court so that Ghosn’s case would be heard separately from that of Nissan and his former right-hand man Greg Kelly. Nissan has been indicted alongside Ghosn, as they filed the shareholders’ documents that allegedly mis-stated the then chairman’s income.

    Hironaka said this would not be a fair trial as Nissan has effectively sided with the prosecutors by providing them with documents they say show further malpractice.

    – ‘Trap’, ‘plot’ –

    Under Ghosn’s management, Nissan recovered and formed a three-way alliance with Renault and Mitsubishi Motors that has become one of the world’s top-selling auto groups.

    In an interview with AFP from his detention centre in January, Ghosn denounced a “trap” and a “plot” by Nissan prompted by opposition to his plans to bring the companies closer together.

    He was removed as chairman by Nissan and Mitsubishi Motors almost immediately after his arrest. Renault was slower to react but Ghosn eventually himself resigned from the head of the French firm.

    Ghosn’s arrest and a string of alleged financial misconduct has sparked questions over Nissan’s own corporate governance and the company established an independent body to propose changes to prevent a recurrence.

    The advisory group suggested doing away with the vacant role of chairman and laid the blame for the lapse in governance at the feet of Ghosn.

    The main cause of the misconduct was “the concentration of authority in Ghosn”, the group concluded.

    “He created a situation in which it would be difficult to detect his pursuit of personal gain.”

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  • Bajaj Launches CT100 And Discover 125 With CBS

    Bajaj Launches CT100 And Discover 125 With CBS

    Bajaj Auto has introduced combined braking system on the Bajaj CT100 and the Bajaj Discover 125, in accordance with the law of all two-wheelers in India needing to have either CBS or ABS compulsorily after 1 April, 2019. The Bajaj CT100 will be available in three variants which are spoke, alloy, and alloys with electric start. The spoke model is priced at ₹ 33,152 while the alloy model is priced at ₹ 35,936 and the top model with alloys and electric start is priced at ₹ 41,587. The overall hike in prices of the CT100 ranges from ₹ 700 to ₹ 1,100.

    The Bajaj Discover 125 is available in two variants which are disc and drum. The drum variant of the Discover 125 with CBS is priced at ₹ 58,000 and the disc variant of the CBS is priced at ₹ 61,500. Both variants get a price hike of ₹ 800 and ₹ 2,000 respectively. Apart from the addition of combined braking system on both motorcycles, everything else remains the same.

    Bajaj had a decent FY2019, reporting a growth of 25 per cent in total sales for the financial year 2018-19. The company sold 50, 19,503 units (motorcycles + commercial vehicles), as opposed to 40, 06,791 units sold during FY2017-18. This was also a new milestone for the company recording its highest ever sales in a fiscal. The company’s domestic sales for the year stood at 29, 40,773 units, growing by 25 per cent over 23, 44,214 units sold during the previous year.

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