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Mystery solved. Even though Ford unveiled the Shelby GT500 nearly a year ago, an exact figure regarding how much the muscle car weighs is still not available. If you head to the Blue Oval’s website at the model’s dedicated page, this important piece of information is not listed. While a reference guide sent out to dealers did list the performance coupe as weighing 4,225 pounds (1,916 kilograms), the Blue Oval did not confirm that number in an e-mail sent to Motor1.com in August. The mystery has now been finally solved as one of the first customers to take delivery of the GT500 wanted to find out how much the high-powered machine really weighs. In order to obtain a more accurate result, Speed Phenom on YouTube emptied out his car and had a nearly depleted fuel tank, with enough gasoline for only about 20 miles. The test was conducted in Arizona on a certified scale, and while the number might differ from Ford's own measurements, it gives us a relevant … [Read more...] about Here’s How Much The 2020 Mustang Shelby GT500 Really Weighs

The deterrent downturn in the Indian Automotive Industry has taken an adverse hit on the businesses of auto component manufacturers. Automotive Component Manufacturers Association (ACMA) of India, the apex body that represents the component suppliers posted a de-growth of 10.1 per cent in the revenue generated in the first half of FY2020 at ₹ 1.79 lakh crore as compared to ₹ 1.99 lakh crore a year ago. Revenue from the OEM side during the same period went down by 15.2 per cent at ₹ 1.50 lakh crore as compared to ₹ 1.77 lakh crore in the same period last year. That said, the aftermarket industry has shown some silver lining posting a growth of 4 per cent at ₹ 35,096 crore between April 2019 and September 2019 as compared to ₹ 33,746 crore in the same period a year ago. Also Read: GST Council Meeting: No Reduction In GST For The Auto Industry The revenue generated from the OEM business has the highest contribution in the overall turnover … [Read more...] about Auto Suppliers Feel The Heat Of The Slowdown In H1 FY2020

The automotive industry had already raised red flags on the sales hitting an all time low in the country and this at a time when the BS6 transition was just around the corner. The industry knew, that it would face a lot of problems with BS4 inventory and hence had recommended to the Finance Ministry as also the GST Council to reduce the GST rates on cars from 28 per cent to 18 per cent. The GST Council met in Goa today and all eyes were on rates coming down, which would have helped the cause of the automotive industry. However, there's no such relief provided. Also Read: Auto Industry Reacts To Finance Minister's Proposal To Reduce Corporate Tax There were no GST rate cuts announced and that means there will be no change in the price of cars and bikes. In a press conference yesterday, Guenter Butschek, Managing Director, Tata Motors said, "The recommended drop in the GST rates would be a welcome solution and given that the festive season is here, our discounts plus the cut in the … [Read more...] about GST Council Meeting: No Reduction In GST For The Auto Industry

After the complete mayhem concerning the unprecedented slowdown in the Indian auto industry, it looks like there's a silver lining. Finance Minister- Nirmala Sitharaman today announced several sops for the auto industry in the post budget revival plan while reviewing the overall economy slowdown. The Minister said that the beside reducing interest rates on auto loans, all BS4 vehicles which will be purchased by consumers before April 1, 2020, which is the deadline for BS6 emissions, will be allowed to ply on Indian roads for their complete registration period.  Also Read: Government Blinks, Announces Measures To Help Auto Sector The much needed relief was echoed in the reactions from the auto industry.  Pawan Goenka- MD Mahindra and Mahindra said, “Today's announcements will go a long way in improving sentiments because it shows that the government is listening to the industry."  He also believes the financing concerns have been more or less taken care of … [Read more...] about Auto Industry Welcomes FM’s Support To Revive Auto Sales; Expects Relief On GST Rates

India's monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to data released by a top industry body on Monday, underscoring the unprecedented slowdown in the sector. Last month, the sector recorded the worst decline since 1997-98, data put out by the Society of Indian Automobile Manufacturers (SIAM) showed. The percentage sale of two-wheelers is at a three-year low. Overall passenger car sales dropped by a significant 31.57 per cent last month with 196,524 units sold compared to 287,198 units in August 2018. The biggest hit was taken by the passenger car sales, which declined by a massive 41.09 per cent; 115,957 cars were sold in August this year compared to 196,847 sold in the same month last year. Also Read: Flailing Auto Sales In August 2019 Worrisome: SIAM Utility vehicles sales saw a smaller decline of just 2.2 per cent, with 71,478 units sold compared to 73,085 in August last year. The van segment, on the other hand, saw a massive drop … [Read more...] about Auto Crisis: Passenger Vehicle Sales See Worst Ever Monthly Drop Since 1997-98