5 MinsJanuary 19, 2020
The car industry is all set for a bumper year in terms of new car launches in 2020. With the more stringent new Bharat VI emission norms coming into force on April 1, 2020, customers can look forward to new models that are more energy-efficient
and less polluting. This is welcome news for both manufacturers and customers after 2019 saw lower sales. According to car industry experts, customers aware of the new norms were unwilling to buy automobiles conforming to the older Bharat
V norms and generally preferred to sit out 2019. The reason is that the resale value of vehicles adhering to the Bharat V norms was likely to fall sharply after the new Bharat VI standards became operational.
With 2020 around the corner, it seems most carmakers have kept their powder dry and weapons ready in the battle for market supremacy. Most automobile companies are poised to launch new models or upgraded versions of their old bestsellers. It is
estimated that the year could well see anywhere from 70-100 new car launches, making it a blockbuster in terms of new car launches.
Whether you are eyeing an entry-level hatchback, a premium sedan, a spacious multi-purpose vehicle or an electric car that will reduce your fuel bills, you will be spoilt for choice. And when it comes to financing your new car purchase, Axis Bank
New Car loans are tailored to suit your requirements. What’s more, you may also have pre-approved Car loan offers waiting for you to avail! Simply check the Apply now section of your Axis Mobile App
to know your pre-approved Car Loan offer, or contact your Relationship manager/nearest Axis bank Branch.
Here are a few of the confirmed launches to look forward to.
• Honda Brio
The new Honda Brio comes with a 1.2L i-VTEC engine and with a starting price of Rs. 4.73 lakh (Delhi). It has a spacious boot and comes with safety features like driver and front passenger seat airbags,
Anti-lock Braking System (ABS) with Electronic Brakeforce Distribution (EBD) and anti-theft engine immobilizer system. The stated fuel efficiency for the manual transmission variants is 18.5 km/l.
• Renault Triber
Built on a revolutionary new platform Renault Triber is unlike any car we have seen on Indian roads. Positioned as India’s most spacious sub-4m car, its modular design gives you surprising flexibility
in space management. With the standard 5 seating arrangement, it provides for 625 litres of boot space. You can also convert it into a seven-seater with Renault’s EasyFix seats. The vehicle comes with state-of-the-art entertainment navigation
systems and two-front and side airbags.
The car is powered by a 1.0 3-cylinder petrol engine and available with a five-speed manual transmission. The price range starts at Rs. 4.95 lakh (ex-showroom, Delhi).
• Tata Altroz
This is the first premium hatchback from Tata Motors. It comes in a 1.2 L Petrol 3-cylinder and 1.5 L Diesel 4-cylinder engine, a five-speed transmission, 37-litre fuel tank capacity and 345 litres of boot
space. It comes with a lot of state-of-the-art features, a Harman entertainment system, rear camera, and a seven-inch digital instrument cluster. While the company hasn’t announced the price yet, the buzz on the online auto media is
that the range would start around Rs. 5.5 lakh.
• Hyundai Aura
Hyundai’s rival to Maruti’s bestselling Dzire will be the first sedan equipped with Kappa 1 l BS-6 T-GDI Petrol and 1.2 l BS-6 ECOTORQ Diesel engine, offering Superior Power, Superior Performance
and Fuel Efficiency. It also comes with a state-of-the-art entertainment system and host of other features. While the company hasn't announced the price yet, the buzz on the online media is that it may be priced between Rs. 5.5-9 lakh.
Also Read: [How to Get Approved for a Car Loan in Minutes]
• MG ZS EV
MG (Morris Garages) Motors has started bookings for its MG ZS Electric Vehicle. According to the company, the car has a 3-phase permanent magnet synchronous motor and 44.5 kWh liquid-cooled, lithium-ion battery.
It will have a range of 340 km on a single charge. While the price has not been announced as it, it is likely to be priced in the Rs. 22-25 lakh range.
• Tata Nexon EV
Tata Motors has started bookings for its Nexon Electric Vehicle. It is powered by a 30.2 kWh, IP67 certified battery pack that according to the company, gives over 300 km on a single charge. It is likely
to be priced between Rs. 15-17 lakh.
There are lots more new models expected to be launched in 2020 and we will keep you updated once companies release the information officially.
Remember when it comes to financing your car, you can't find a better deal than Axis Bank New Car Loans. You can also calculate your EMI on car loan using Axis Bank Car Loan EMI Calculator.
They come with a host of features like up to 100% on-road financing for select models, attractive interest rates, flexible tenures, and EDGE REWARD points. You could also be eligible to pre-approved offers on Axis Bank Car Loans, to know your
offer details simply login to Internet banking or Message CLPA to 5676782 from your registered phone no.
Disclaimer: This article has been authored by The Source, a Mumbai-based content creation, and curation firm. Axis Bank does not influence the views of the author in any way. Axis Bank and The Source shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.