Joshua Brown, who runs a great blog at www.thereformedbroker.com, has decoded the various...
The big discount—of over Rs30,000 on the Maruti Suzuki Ritz diesel—says it all; there is a price war on again in this segment and stocks are building up. Despite a reported three-four month waiting period for the VW Polo and the perceived delay in deliveries on the Ford Figo, as well as reports of record incremental sales over the past few months, an oversupply situation seems to be hitting the new car market that is not reflected in dry numbers.
One reason proffered for this is that shipments to the disturbed areas in the North East are being re-routed to other parts of the country. Another reason given is that there has always been a mismatch between factory despatch, dealer/distributor lift-off and vehicle registration figures—and most manufacturers provide numbers on the basis of vehicles which have left the factory gates, not based on actual registration data. And, finally, while there is undoubtedly a boom in new vehicle purchases, there is also a situation of oversupply and overcapacity.
So if you are out in the market to buy a new car, it is that time again—shop around; don’t get taken in by smooth-talking salesmen trying to push premiums on supposed short-supplies; certainly do not get locked in by making advance payments and waiting for them to call back. Most waiting lists, barring a few specific exceptions like the Maruti Swift diesel and VW Polo diesel, are over-hyped. Or, as in the case of the costlier SUVs and sedans, the delay is because of the need to place specific orders. But that’s another segment altogether.
A Swift Move
While on the Maruti Suzuki Swift, expect a face-lifted version very soon in India, probably before the festival season. A changed rear-end appears to make for a bigger boot, though it is the size of the opening that gives that illusion, since it doesn’t really appear to be bigger. The front-end has been worked on a wee bit, too, but it is the interiors which are reported to be the area where the maximum work on catching up with the rivals has been done.
That’s good to hear, since interiors seem to be the tipping point in influencing purchase decisions for many customers, now that the engine and other technologies appear to be nearly similar in all brands. And interiors is where Maruti Suzuki has traditionally been the weakest, since it started out as a seller of cars to the masses, but the mass market meanwhile has moved into wanting something more and better.
This brings us to the business of after-sales fitments. There seems to be no dearth of potential add-ons of all sorts that can be positioned inside and outside a new vehicle. Passion as well as money fuels the most amazing budgets which are then used to improve cars. But please do get the opinion and guidance of a decent electrical engineer, one who is not going to be impacted by the loss of a possible sale, before overloading the electrical circuits of your car. Something as ostensibly simple as higher-rated bulbs can cause fire; and the temptation to bypass the fuses and safety circuits, or to add all sorts of capacitors and add-on circuits, can have terrible results.
One way to test this is to remove the fusible link, or even all the fuses—if anything works despite this, it has been hooked on to the electricals incorrectly. As for overloads because of this, the first you will come to know about it is when that wisp of smoke curls out from under the dashboard or bonnet, or anywhere else. Storing a small fire-extinguisher as well as a can of pepper spray in your car would also make a lot of sense. Both have their specific uses, are eminently legal and don’t cost too much.
Veeresh Malik started life as a seafarer, and in the course of a work life, founded and sold Pacific Shipping and Infonox Software, to return to his first love—writing.
Finally, I met a group of investors who were playing the market not to maximise their wealth,...