There’s a strong reason why Maruti Suzuki is a leading car maker in the Indian automotive fraternity. It all started with the original 1983 Maruti Suzuki 800(SS80), which was the car that originally put India on wheels. And most households in this country have had a Maruti as their first car. Fast forward nearly 40 years later, and what we have, is a manufacturer churning out some frugal, stylish and value-for-money products like the Swift and the WagonR. We look at the various reasons as to why one would invest in a Maruti.
1) Affordable models
They offer a wide range of models – right from the Alto 800 to the Ciaz. Most of Marutis cars offered in each segment provide the best value yet offer a lot of car for the money paid. The brand has always had a strong image when it comes to making affordable cars, so much so that when the brand launched the Grand Vitara and Kizashi many years ago, the models were a huge failure for they came with price tags people couldn’t associate with a Maruti. The brand later came up with the concept of giving its premium cars a different platform, called Nexa, separating it from its regular cars, which are sold via Arena dealerships. Prices range from ₹3 lakh to ₹10 lakh.
Drive up in your new car to a petrol station or any public spot, and the first question that crops up is: “Kitna Deti Hai?” This has proved to be a nightmare for many a car maker in India, but not for Maruti, mind you. Every model in the entire range on offer delivers a very frugal mileage, both in the city and on the highway. For example, the Maruti Suzuki WagonR promises an average of 22.5kpl (ARAI certified), while the petrol variant of the Ciaz delivers 21.56kpl on an average. Every buyer looks at low running costs when considering cars in these segments, and this is why Maruti gets a major chunk of the pie even on this front.
3) Availability of spare parts
As far as the sales and service network is concerned, there couldn’t possibly be anyone better off than Maruti. You will be able to spot a Maruti Suzuki dealership/service centre within 5kms of your location. This is also one of the reasons why spare parts are easily accessible, no matter what model you’re driving. And if that isn’t sufficient, you’ll also be able to find multiple local shops selling Maruti Genuine Spares, which needn’t necessarily be authorised by the company. The authenticity of the part is assured most of the time.
4) Best resale value
You don’t only buy a Maruti brand new, at a good price; selling one can get you the best possible price too. And this is primarily due to their high demand in the market; just about anyone is ready to purchase a used Maruti, and if it’s white in colour, it’ll sell within no time. Even after 3-4 years, the car is bound to return close to 40-50% of the initial value. However, much of this also depends on the condition of the car as well. There’s also a True Value venture by Maruti, for those looking at buying pre-owned cars.
5) Cheap to maintain
If you’ve owned a Maruti, or more specifically, an 800 as your first car, you will have known by now that any Tom, Dick and Hariharan alongside the road with a mechanic’s garage setup, can fix your Maruti! These cars can get fixed very easily; all it requires is a pair of skilled greasy hands. And thanks to the affordable spare parts, these cars are very light on the pocket as well. A front bumper for a Maruti Suzuki Swift, for example, costs ₹1921 while an air filter costs ₹1251. Maruti’s spares are much cheaper compared to other car brands. Also, grab the latest info on the upcoming cars, only at autoX.
Before an international payment comes through, it requires affirmations of nearly 36 third-party organizations.
It’s not surprising that it delays a payment transaction. The cost of a transaction is significantly higher. If these transactions are made using the Blockchain technology, the processing fee is much lower, and transactions are faster and secure.
Blockchain technology also lends immutability to these transactions, meaning transactions made using blockchain can’t be modified. All information related to a transaction is bundled up and put under one ‘block’, which derives its information from the block preceding it. Upon transaction, each block is verified by a group of participants called nodes.
This blockchain-based transaction mechanism is more efficient and transparent compared to traditional record-keeping and verification methods.
Efficient and secure transactions
Record-keeping and validation of records is an essential part of business processes across all industries. Complexity, however, arises in the supply chain, finance, and other processes where multiple vendors are involved.
Blockchain technology uses novel mechanisms to verify and secure transactions. First by limiting the number of participants required to validate a transaction. Second, by distributing the validation process over a selected number of participants. This mechanism is a census mechanism.
Cryptocurrencies like Bitcoin and blockchain-based applications primarily use two consensus mechanisms.
Proof of work: Cryptocurrency users including Bitcoin utilize their computer systems to participate as validators of transactions. When a transaction occurs, the blockchain requires nodes to solve mathematical problems. Once a selective number of nodes validate a transaction, a block with related information is added to the block. Typically, affirmations of 51 percent of nodes are required to add a block.
Bitcoin’s blockchain uses proof of work consensus mechanism for validating blocks.
Proof of stake: This is another consensus mechanism for validation of transactions. Opposed to proof of work, this protocol selects nodes randomly depending on a few factors including holdings, size, or time in operation.
Proof of authority, Byzantine Fault Tolerance, and Clique are other commonly used consensus mechanisms, that take different methods of validators.
For the consensus mechanism to execute, records (or blocks) are required to be present at each node. Thus, each node of a blockchain has a replica of unalterable blocks. Hence, the term distributed ledger.
All in all, blockchain technology makes financial transactions:
- Faster: Limited involvement of third-party organizations
- Secure: Consensus protocols and cryptography
- Transparent: Consensus protocols and accessibility
Smart contracts are digital contracts that extend the power of blockchain technology to non-monetary transactions. Smart contracts execute themselves upon successfully meeting the terms and conditions agreed upon by involved parties of the contract. They eliminate paper-work, reduce processing time, and reduce human errors, and facilitate transparent business processes.
Hyperledger, NEM, Corda, and Ethereum are a few popular smart contract platforms for the development of smart contracts. Over 41 million transactions have been successfully executed on Ethereum by February 2020. These platforms are eliminating middlemen. So it’s not a surprise that the smart contracts industry is growing steadily and is expected to reach $300 million by 2023.
Dapps (Decentralized applications) take the benefits of the blockchain technology further by helping blockchain professional build blockchain-based applications for fun and entertainment like games, casino, and social media. The number of such apps increased steadily during the last year.
Future of transactions
Blockchain technology has made financial transactions more fast and efficient. With the help of smart contracts, this benefit is extended to non- monetary transactions as well. As the blockchain technology matures and finds greater adoption in the industry, businesses will see more streamlined and business processes.
Most people assume that they need to be a mechanic in order to fix their cars. That’s not the case, and all you need to is awareness. It’s true that knowing what you’re doing certainly helps matters a lot but, in most cases, you can fix your car only with some basic working knowledge. Web.com Reviews has a list of tips and tricks that will help you repair your vehicle and save you a decent bit of money as well. Let’s take a look.
Tips and Tricks
- Keep an eye out for Warranties- Everything is going fine, and suddenly out of the blue, your car fails the emissions test, the batteries aren’t working followed by a broken water pump. You get the idea. You can break down at any moment, and the first step of preparation are warranties.
Warranties are a lifesaver and help you save thousands on repair costs and services. You can either get a limited warranty such as for 5 or 20 years or also avail a labor warranty in the form of recurring services.
A lifetime warranty is a future investment and will come in handy if you frequently commute with your car.
- Preventive Maintenance- It is not ideal for riding your car to the point of exhaustion. Always do routine tune-ups. Change your engine oil once every six months or so. Turn your engine once a year, sooner if you use your car more frequently. The idea behind preventive maintenance is to schedule your car repair ahead of time and follow up at regular intervals.
If you can’t afford everything on the list, ask your mechanic to list them based on priority. Do whichever comes at the top of the list and gradually move your way down.
Early preventive measures ensure your car stays in good shape and doesn’t go past the point of excessive damage.
- Core charges- Some car parts are replaceable and are referred to as ‘cores’. These include batteries, wires, and other perishables.
Once such parts are replaced, you would have to return the worn-out counterparts or end up paying a ‘core deposit’ or a ‘core charge’. In some cases, you could also receive a small discount when you return the core part. You can even get it for free, but that’s a rare occurrence.
Core parts are an excellent way to save money. Keep track of all the local shops so that you can avail the best offer possible.
- Research- Speaking of local mechanics, maintain a list of workshops instead of frequenting a single one. Keep your options open. You can choose a particular shop if they offer some sort of loyalty program, but you’re better off with a list of reputable stores. Some stores could charge a few dollars less for those broken struts, so keep an eye out, will you.
As you can see, none of the above points requires you to be a mechanic. Although being one surely helps when you supervise the repairs, as in most cases car owners can’t afford that time. As Web.com Reviews specifies, information is critical when it comes to saving money and car repairs.