Friday, October 11, 2013

BMW, Volkswagen Launch Upgraded Cars in India

BMW would sell its 5 Series sedan in four versions with eight-speed automatic transmission. The cheapest version will cost 4.69 million rupees ($75,645) at dealers in New Delhi, and the top-end model 5.79 million rupees.
The 5 Series is powered by either a 2.0-liter or a 3.0-liter diesel engine. The updated version has revamped exteriors and interiors, and includes some new technologies such as ambient lighting. The face-lifted version has a new grille as well as new headlights and taillamps.

Volkswagen has started offering its Vento compact car with a 1.2-liter turbocharged gasoline engine with seven-speed automatic transmission. The car costs 999,000 rupees in New Delhi. A similar engine powers the company's Polo subcompact hatchback.

The Society of Indian Automobile Manufacturers said Tuesday that the country's auto market is unlikely to see a revival anytime soon as consumer sentiment continues to remain weak due to rising fuel prices, higher loan rates and fears of job losses in a sluggish economy.

Demand for consumer products such as cars, motorcycles and televisions in India traditionally surge during the festival season, which is currently under way. Auto makers are trying to cash in on this demand, and several of them have launched new models or upgraded versions of their existing vehicles in recent months.

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