Updates from : The Hindu : As auction houses for collectible vehicles have shown in the West, the hammer can bring wider attention to the preservation of historical machines In India, information about the sale and purchase of vintage and classic vehicles seldom trickles down to the layperson. It is restricted to ‘the circuit’. Intentions to sell or buy a vehicle are passed around within the circuit by word of mouth. Though convenient, this arrangement has the potential to prevent the hobby from putting out ‘new branches’. It precludes the entry of ‘outsiders’. But so-called outsiders can bring in new influences that will enrich the hobby and make it more up-to-date. Every 25 years, there’s a new fleet of vehicles that enters the ‘classic’, the theory being that a new adult ge
Updates from : Financial Express The Supreme Court on Wednesday rejected Jaiprakash Associates’ (JAL) proposal to “hive off” its multi-crore Yamuna Expressway toll asset rights to generate Rs 2,000 crore that it is supposed to deposit to cover part of its subsidiary Jaypee Infratech’s liability towards 32,000 homebuyers. However, it gave JAL time till November 5 to deposit the money, without further modifying or recalling its earlier September 11 order. A bench headed by Chief Justice Dipak Misra said that “we are not inclined to entertain the application for modification of the order… However, we extend the time to deposit the sum of Rs 2000 crores till November 5, 2017.” It also allowed the Axis Bank to be party in the case. During the hearing, the Bench had observed that it will only
Updates from : The Hindu NEW DELHI: Harley-Davidson India on Thursday launched the 2018 range of its Softail motorcycles. The newly-launched motorcycles include the Street Bob, Fat Boy, Fat Bob and the Heritage Classic, which have been priced at Rs 11.99 lakh, Rs 13.99 lakh, Rs 17.49 lakh and Rs 18.99 lakh (ex-showroom, Delhi) respectively. All the four new models get both cosmetic and mechanical updates and look much different from their outgoing versions. Commenting on the launch. Peter MacKenzie, Managing Director, Harley-Davidson India and China, said, "Our new offerings strongly demonstrate Harley-Davidson's focus on reinventing products for motorcycle enthusiasts and aspiring riders. The 2018 Softail custom motorcycles have been inspired by Harley-Davidson's history, authent...
Updates from : DNA I Oct 06, 2017 A day after matching the price offered by rival Tata Motors to supply 30% of electric vehicles to state-owned Energy Efficiency Services Ltd (EESL), Mahindra & Mahindra (M&M) said that it will not be making any money on it. The auto major even questioned the pricing offered by Tata Motors, terming it as ‘incomprehensible’. Speaking in a conference call, M&M managing director Pawan Goenka said, “The price offered by L1 bidder is very hard to comprehend.” He also said that his company has not yet taken a call to bid for the second phase as it will now depend upon how it can bring down the price of the vehicle and would not like to take up until it becomes financially feasible. According to Goenka, he is able to comment on pricin