Every year, the union budget that decides in some ways how richer or poorer we will get during the course of the year throws up a fair share of mindboggling policies. Rules that have no precedence, come out as a bolt out of the blue and prima facie, lack any sense of logic. Worse, sometimes they dont even have a sense of humour and only stress how far removed some of our bureaucrats are from reality. Or from technical knowhow. Read more

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This August started on the back of car industry’s worst sales month ever in over two years in July but ended as one of the busiest in recent times. Read more

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The significance of the Etios Liva for world’s largest carmaker Toyota in India as well as for the rest of the world cannot be undermined even if one wants to. Of the 40 odd cars that the 74 year old car company has produced so far, seldom has it that a car has emerged with so much riding on it. The importance is well underlined by the fact that it has been developed painstakingly over 5 years with a dedicated team of 4,000 engineers, many of them Indian. Roughly that would mean Toyota started its groundwork merely within a year of Maruti Swift’s launch in India, the car that is the benchmark for the Liva. Read more

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The size of the pre owned or used car market in India is now estimated as the same as that of new cars at around 2 million per annum. Read more

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