Indian Economy: News and Discussion

[Abbey]

 

[RoaringTigerHiddenDragon]

Cars like Alto, Alto - K10 and S-presso may be considered as Low-price cars and tolerate their poor ratings.

But
Swift - 5.91 Lakhs - 8.84 Lakhs - 1 Star
Ignis - 5.17 Lakhs-7.70 Lakhs - 1 Star.
Tiago - 5.44 Lakhs- 7.9 Lakhs - 4 star.

Now a Tiago is a 4 star car but somehow swift and Ignis which is in same price range have pathetic ratings. Whenever this point is taken to their higher ups, they are saying India is a price sensitive market and we need car for affordable price. But what about Swift, Baleno, Ignis, Ciaz. These are pretty much bought by upper middle-class guys but still it has pathetic ratings.

This is all bullshit. If spresso can be made 3 stars for South Africa and the same Spresso can be made of India also. They are scamming people.

Both Maruti and Hero basically hide behind their service network while their products are mediocre and poorly engineered for masses.

Hyundai/Kia - Selling substandard products.
Tata - Hiding their Flag ship from testing
Mahindra - Could not plan properly and step-up productions
Honda - Simply clueless
VAG - Doing some business due to 2.0 strategy.
Toyota - Hiking price since people ready to spend for reliability while other things are mediocre.
Nissan - One car pony
Renault - Running somehow
Citroen - Either screw the price or cut too many features for competitive price.

As india grows richer and people are ready to consume more and not put their money in a bank or buy gold, then things will change. First the society needs to accept that being materialistic is ok. There are several wealthy people including farmers in India who are not ready to upgrade to cars. Many people cannot drive cars. It requires a generational change. Car ownership rate in India is lower than even in countries poorer than us. Even decently middle class states like TamilNadu, Gujarat, Maharashtra have low car ownership rates. It is a cultural thing.

 

[Shuturmurg]

View attachment 186631

Why the fuck are richest and poorest districts next to each other ? Why is Nuh so poor despite being so close to NCR ?

 

[Abbey]

Why is Nuh so poor despite being so close to NCR ?

80% muslim population

 

[RoaringTigerHiddenDragon]

View attachment 186629

This idiot has used a dollar rate of conversion of 82. That is not how gdp in dollars is calculated. It is the average dollar rate for the year. So it would be like 78 or so. If tomorrow the rupee appreciates to 76 or so, would these guys adjust the gdp to a higher value and then say we can achieve dollar gdp earlier. That is why use a more smooth average value.

 

[RoaringTigerHiddenDragon]

View attachment 186631

Any updated numbers for 2022?

 

[RoaringTigerHiddenDragon]

https://www.constructionweekonline.in/business/office-residential-and-warehousing-sectors-outperform

 

[Spindrift]

Time and again this company Maruti Suzuki fails with its substandard products, yet people still buy their steel coffins.
View attachment 186569

I believe the correct term is rolling sarcophagus

 

[Haldilal]

I believe the correct term is rolling sarcophagus

Ya'll Nibbiars and I 20 is not any better than Suzuki, so what should we call it's?. Hyundai Ka Dabba?.

 

[Spindrift]

Ya'll Nibbiars and I 20 is not any better than Suzuki, so what should we call it's?. Hyundai Ka Dabba?.

3 stars ncap with 6 airbags is anytime better than zero stars.

 

[Haldilal]

Ya'll Nibbiars And here goes the Jet Airways Recovery.

Jet Airways plans to sell 11 aircraft as lenders grow frustrated with delay in resolution

A year-and-a-half after the NCLT approved Jet Airway’s resolution plan, the Jalan-Kalrock consortium has failed to pay up, forcing lenders to reevaluate their options, bankers say

www.moneycontrol.com

 

[afako]

Direct Tax collections by state:

 

[Haldilal]

Ya'll Nibbiars The Maruti Suzuki responds to G-NCAP crash tests “NCAP assumes all regulators world over really don’t know their business”, says Maruti Suzuki chairman R C Bhargava. Responding to questions about the recent G-NCAP crash test results at the annual media meet he said:

1 . Nobody looks at why do accidents happen in India. When you really think of it should safety not be related to preventing accidents?”

There are two major areas we [India] are way behind others.

2 . The First is Vehicle fitness. How do you ensure vehicles on road remain as compliant with OE safety features?. There are no laws, no regulation, to govern that. There is No certification for vehicle fitness. Lots of accidents due to failure of some systems.

3 . The Second is how much does a person who gets a license know how to drive safely and correctly?. There’s no such thing in India (referring to rigorous training and licensing in other countries. Diver error is major cause [of accidents]… other factors like wrong side driving.

4 . And We can’t do a simple thing like putting proper signages. It is not correct to keep loading cars with safety features when we don’t look at vehicle and driver fitness.

5 . We looking at safety features that make them cars more expensive. But is it not as important to have proper vehicle and driver fitness?.

6 . The NCAP thinks they know their business better than anybody. NCAP funded to large extent by automotive component manufacturers like airbags.

7 . The And Maruti has developed whole lot of safety systems. Driving schools have simulators. Funded largely in Delhi ways of enforcing traffic laws with cameras and ways of prosecution. Trying to get state laws to change driving tests but for various reasons that is not happening.

8 . And Putting NCAP standards into cars in India will have no significant impact on number of accidents at all. Prevention far better than cure.

 

[Spindrift]

Ya'll Nibbiars The Maruti Suzuki responds to G-NCAP crash tests “NCAP assumes all regulators world over really don’t know their business”, says Maruti Suzuki chairman R C Bhargava. Responding to questions about the recent G-NCAP crash test results at the annual media meet he said:

1 . Nobody looks at why do accidents happen in India. When you really think of it should safety not be related to preventing accidents?”

There are two major areas we [India] are way behind others.

2 . The First is Vehicle fitness. How do you ensure vehicles on road remain as compliant with OE safety features?. There are no laws, no regulation, to govern that. There is No certification for vehicle fitness. Lots of accidents due to failure of some systems.

3 . The Second is how much does a person who gets a license know how to drive safely and correctly?. There’s no such thing in India (referring to rigorous training and licensing in other countries. Diver error is major cause [of accidents]… other factors like wrong side driving.

4 . And We can’t do a simple thing like putting proper signages. It is not correct to keep loading cars with safety features when we don’t look at vehicle and driver fitness.

5 . We looking at safety features that make them cars more expensive. But is it not as important to have proper vehicle and driver fitness?.

6 . The NCAP thinks they know their business better than anybody. NCAP funded to large extent by automotive component manufacturers like airbags.

7 . The And Maruti has developed whole lot of safety systems. Driving schools have simulators. Funded largely in Delhi ways of enforcing traffic laws with cameras and ways of prosecution. Trying to get state laws to change driving tests but for various reasons that is not happening.

8 . And Putting NCAP standards into cars in India will have no significant impact on number of accidents at all. Prevention far better than cure.

 

[NotASussyBoi]

Ya'll Nibbiars The Maruti Suzuki responds to G-NCAP crash tests “NCAP assumes all regulators world over really don’t know their business”, says Maruti Suzuki chairman R C Bhargava. Responding to questions about the recent G-NCAP crash test results at the annual media meet he said:

1 . Nobody looks at why do accidents happen in India. When you really think of it should safety not be related to preventing accidents?”

There are two major areas we [India] are way behind others.

2 . The First is Vehicle fitness. How do you ensure vehicles on road remain as compliant with OE safety features?. There are no laws, no regulation, to govern that. There is No certification for vehicle fitness. Lots of accidents due to failure of some systems.

3 . The Second is how much does a person who gets a license know how to drive safely and correctly?. There’s no such thing in India (referring to rigorous training and licensing in other countries. Diver error is major cause [of accidents]… other factors like wrong side driving.

4 . And We can’t do a simple thing like putting proper signages. It is not correct to keep loading cars with safety features when we don’t look at vehicle and driver fitness.

5 . We looking at safety features that make them cars more expensive. But is it not as important to have proper vehicle and driver fitness?.

6 . The NCAP thinks they know their business better than anybody. NCAP funded to large extent by automotive component manufacturers like airbags.

7 . The And Maruti has developed whole lot of safety systems. Driving schools have simulators. Funded largely in Delhi ways of enforcing traffic laws with cameras and ways of prosecution. Trying to get state laws to change driving tests but for various reasons that is not happening.

8 . And Putting NCAP standards into cars in India will have no significant impact on number of accidents at all. Prevention far better than cure.

For das Maruti Suzuki

 

[Arjun Mk1A]

The cars tested by GNCAP were not sent by maruti. These are the same older cars tested in 2019. Latest one will perform better.

Also, as pointed above, point of buying maruti is to upgrade from two wheelers.

Walking<Cycle<Two Wheeler<Four Wheeler.

It is said a lot about the built quality of Tata/Mahindra with Maruti but yet at the end of 15 yr run a Maruti very poorly managed still run far better than similar age Tata/Mahindra.

A strong thud on door close does not means a car is good.

GNCAP introduced new testing procedures from this year, and they used Swift, Ignis which does not upgrade to next gen. So, the 2019 version and 2022 version does not have any difference in structural changes. Again, we are trying to bear around the bush.

Swift, Ignis are not entry level to MSIL portfolio.

They are S-presso, Alto, Alto K 10 and Wagon-R. I am leaving it since they are affordable for a family who needs to move from 2-wheeler to 4-wheeler.

Now Swift, Ignis are mid-level offerings which is performing poor in crash testing. What is the reason for this abysmal performance. Tiago, Triber have much better rating at those same price points.

What about their premium offerings from NEXA? Why they did not send those to crash testing. Clearly there is an apathy to Indian market since as long as you command 41% market share you can sell whatever as mango man consume it.

Compared to them Mahindra has nearly 4- and 5-star rating cars. TATA except Harrier and Safari all of their offerings are 4 or 5 stars rated. VAG recently got 5-star rating for their products. Renault, Nissan having a 4-star product.

South Africa can get 3 star spresso but we are at least expecting 3 star swift but still it scores 1.

Hero finally got their shit in BS6 era due to their poor planning and lackluster offering. Similar MSIL will face their fate if it continues like that.



New Crash Testing will impact existing crash tested products. Let's see how manufacturers update their products.

 

[another_armchair]

Ramdev's Divya Pharmacy among 16 Indian pharma companies in Nepal blacklist

These entities have failed to comply with the World Health Organisation's (WHO) drug manufacturing standards, the Department of Drug Administration said in a notice dated December 18.

economictimes.indiatimes.com

Gambia lawmakers say India's Maiden Pharmaceuticals to blame for child kidney injury deaths

A few days ago, India's Central Drug Laboratory (CDL) which carried out tests on the samples from the Sonepat-based company, found the products to be complying with norms, putting the onus on WHO for "prematurely" blaming the company for the deaths without any "independent verification".

economictimes.indiatimes.com

I see a master pulling strings globally. Possible fallout of our stubborn purchases of Russian crude and not aligning with the West.

The first salvo was fired by cancelling orders of products such as bed linen, floor mats, shower mats, towels etc.

 

[Suryavanshi]

Ramdev's Divya Pharmacy among 16 Indian pharma companies in Nepal blacklist

These entities have failed to comply with the World Health Organisation's (WHO) drug manufacturing standards, the Department of Drug Administration said in a notice dated December 18.

economictimes.indiatimes.com

I see a master pulling strings globally. Possible fallout of our reliance on Russian crude and not aligning with the West.

This shit will not stop until Pajeets replace joos as the ruler of Underworld.
Adani did the correct thing by buying NDTV, he has already said he will make it global.
Outjew the Jew

 

[another_armchair]

This shit will not stop until Pajeets replace joos as the ruler of Underworld.

Haha... don't see it happening in my lifetime at least.

 

[Arjun Mk1A]

Ramdev's Divya Pharmacy among 16 Indian pharma companies in Nepal blacklist

These entities have failed to comply with the World Health Organisation's (WHO) drug manufacturing standards, the Department of Drug Administration said in a notice dated December 18.

economictimes.indiatimes.com

Gambia lawmakers say India's Maiden Pharmaceuticals to blame for child kidney injury deaths

A few days ago, India's Central Drug Laboratory (CDL) which carried out tests on the samples from the Sonepat-based company, found the products to be complying with norms, putting the onus on WHO for "prematurely" blaming the company for the deaths without any "independent verification".

economictimes.indiatimes.com

I see a master pulling strings globally. Possible fallout of our stubborn purchases of Russian crude and not aligning with the West.

The first salvo was fired by cancelling orders of products such as bed linen, floor mats, shower mats, towels etc.

Does the Gambian government then give clean chit to Indian Pharma? For Nepal they are another soon to be bankrupt country who got some money from USA. They are waging its tail for some time. But I am sure these medicines will be available there irrespective of their governments position.