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Opt for online modes to purchase used cars

Earlier people had to travel miles and send a lot of their valuable time in getting hold of a second-hand car supplier. But despite such efforts, they were unable to find the car of their choice or able to match their requirements with those available. But the advancement in technology has made it possible for prospective buyers to purchase the vehicle of their choice by making a range of options available through the online mode. The convenience factors, the option of comparing among available marketers, the choice of the brand among others are what make the online facility suitable for most users. The buyer just needs to have a proper internet connection to have access to all these sites without any hindrance.

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Detailed information about the vehicle

When purchasing a used car the first and foremost concern for the buyer is whether the vehicle is in good running condition and whether all the features are active. While some sellers hesitate to disclose all the details of the car registered dealers with good market reputation almost always make the visitor satisfied about the basic car information, only after which they sell the product. The basic information includes the year of manufacture, the make and the model of the car. Some even provide information such as the number of kilometers run, the period of use among others. All these information are gathered beforehand from the original owner of the car for future reference and assistance to future prospective buyers.

In the context of buying a quality product, all these information is essential in making an informed decision. Despite knowing all details about a car it is a bit difficult to identify a reliable supplier or be sure about the after sales service that can be expected from the seller. This is the only drawback associated with a second-hand car but several registered marketers are emerging everyday to meet the growing needs of the customers. However, some research work needs to be done to ensure that the best possible source is opted for making such purchase, especially when purchasing used cars in Ontario.

Most prominent sector of Indian Economy: Automobile Sector

Automobile sector in India is one of the largest sectors as compared to another country under the same segment. It is quite to acknowledge that the India account most of the major automobile manufacturing companies like Baja Auto, Hero MotoCorp, Yamaha, Suzuki, and much more. The sector accounts 7.1% of the total country’s GDP and hence, it is one of the most important parts of the Indian economy. The reason why the sector has been one major contribution towards country’s GDP is that the majority of the country’s total population considered as the middle-class people. Hence, with the population of 1.333 billion the sector accountability for the employability is higher than any other industry. It also plays a crucial role in the export accounting something around 4.3% of the India’s total exports with the credibility of 13% of the total excise revenues.

Division of Automobile sector in India

In order to make it differentiable the country has divided the sector into four major parts:

• Two- Wheelers: includes mopeds, scooters, motorcycles, and electric two-wheelers (80% of the market share)
• Passenger Vehicles: includes passenger cars, utility vehicles, and multi-purpose vehicles (14%)
• Commercial Vehicle: light and medium-heavy vehicle (3%)
• Three Vehicles: passengers carriers and goods carries vehicle (3%)

Facts relating to boosting the sector: 

After, making the 100% FDI with no minimum investment criteria the sector has drastically attracted some of the global leader of world class auto manufacturing companies like Mercedes Benz, KTM etc. The sector also enjoys the incentives which are up to 150% under the section 35 (2M) of the Income Tax Act. Besides this, there are incentives like Export Incentives, Area Based Incentives (especially for the critical region like Jammu & Kashmir, Uttrakhand, North East and Himachal Pradesh).

The automobile sector has seen a considerable increase after the launch of the initiatives called “Make in India. This initiative has made the investment in this sector more viable and reliable. Under this Initiative, the sector has been instructed to introduce a policy which could the sector to further upper level.

Policies helm by the sector: 

• Auto Policy: includes automatic approvals for FDI up to 100%, exempt from licensing and approvals, rebates on R&D)
• Automotive Mission Plan (2016-2026)
• National Automotive Testing and R&D Infrastructure Project (NATRiP)
• The National Electric Mobility Mission Plan (NEMMP) (2020)
• BS VI Fuel Compliant Vehicle by April 2020

The importance of BS IV Fuel Compliant: 

With increasing Automobile users in the country the Government had introduced the initiative of Bharat Stage Emission Standard (BSES) which aim is to:
• Regulate the air pollutants from internal combustion engines and spark ignition engines
• Reduce the violent effect on the environment
• Reduce the diseases caused by the air pollutants

The BS norms are basically taken from the Euro norms in order to set the limits for air pollutants. In India, all the vehicles are produced under the tag of BS IV fuel compliant vehicle and further have jumped to manufacture BS VI fuel compliant vehicles by April 2020.

By, this persuasive activity to manufacture vehicle by protecting the environment is the great move to set up a higher level for the sector and hoping to make it one of the major sector in India.