Quote:
Originally Posted by vikrantw1 I had almost finalized plans to buy a Honda city VTEC and then decided to pull out because of the lack of the above - this guy tells me - arre sir! Why are u pulling out - this car is good - has 4 wheels, engine , AC also.
All this ABS is bekaar - hardly used. Airbags - Sir - ek bar khul gaye to very expensive! |
This experience just shows how far we have to go to match developed markets. I was reading this column recently about how electronic stability control saves lives in the US and should be made compulsory. Here is the link:
Vehicle Stability Control Good Investment For Safety - Maybe More
and the text of the story:
By DORON LEVIN, Bloomberg News
Published: February 8, 2008
A driver who has had to swerve to avoid a collision may have been spared injury or worse by a high-tech gadget that's becoming more common in cars.
The advent of this device isn't just improving automotive safety, it's a profit machine for the manufacturers that supply it.
Because electronic-stability control works passively to make sure an accident doesn't happen, most drivers probably aren't aware of it. The first ESC appeared in Mercedes S Class sedans in the mid-1990s and have proliferated since then.
As a car is about to become unstable, typically when the wheel is jerked sharply in one direction and then the other, a sensor in a car's ESC can tell individual wheels when to brake. Simultaneously, the engine receives a signal to slow down. Instead of spinning, fishtailing or careening out of control, the car tends to return to its previous path.
The driver who just had a brush with disaster may never have touched the brakes and may have no clue that a horrific accident was avoided. I know this having tried a few high-speed swerves in a Infiniti G35 sedan last week, with and without ESC, on a test track owned by Consumer Reports magazine in East Haddam, Conn.
Jerking the wheel one way and trying to recover without ESC invariably caused the car to spin out at speed. It would have flown off the highway or hit something. With ESC the G35 seemed to steady itself and stay on track.
Though ESC is becoming more common and will be federally mandated equipment on every new vehicle sold in the United States starting in 2011, it's still quite possible to buy new cars without it.
That's too bad because almost certainly some drivers and passengers will be hurt or killed needlessly. The tragic lack of this device will be felt most acutely by young and inexperienced drivers, since they're most likely to endanger themselves.
"New drivers lack the experience and judgment," said David Champion, director of automotive testing for Consumer Reports and an advocate for ESC. "They often drive too fast and don't know how to react when the car goes into a skid."
A seasoned driver or one who has been trained may realize after swerving that it's important to avoid jerking the wheel in the opposite direction. Instead, drivers are taught to apply a bit of gas in the direction of the skid.
The Insurance Institute for Highway Safety has estimated that about 10,000 of the 40,000 or so lives lost on the nation's roads annually could be saved if all cars had ESC.
Fortunately, ESC already comes installed as standard equipment on almost all sport-utility vehicles, particularly bigger models designed on pickup underbodies, which tend to ride higher and are less stable than most cars.
"It's standard on my daughter's new 2008 Jeep Liberty," said Bill Kozyra, chief executive of Continental AG's U.S. operations, a major manufacturer of stability systems. The same technology, he said, will result soon in wider use of "rollover mitigation," which automatically brakes and slows a vehicle that's in danger of tumbling.
Kozyra joins Champion and others who say any parent ought to think twice before buying their child a vehicle without ESC.
Unlike seatbelts, which the U.S. auto industry opposed as too expensive and ineffective when first proposed as standard equipment in the 1950s, automakers have embraced ESC.
"Anyone who has seen how it works and been through a near-loss of control realizes how good it is," said Lindsay Brooke, senior editor for the Society of Automotive Engineers.
And here's a piece of investment intelligence that piggybacks on the auto industry's growing purchases of ESC systems. The two biggest suppliers in the world are the closely held German company Bosch Group and Continental of Hannover, Germany.
Each ESC system may account for about $200 or so of revenue for its manufacturer. For Continental, with about 40 percent of the U.S. automotive market, that implies potential annual revenue of roughly $1.2 billion, not counting growing sales in Europe and Asia.
Continental, which was principally a tire company through the mid-1990s, has increased profit more than tenfold since then by adding ESC and other electronic automotive systems to its product lineup.
Since the end of 2002 Continental shares have increased more than threefold, including a 36 percent tumble since October along with equities in general. The consensus among investment professionals is that the stock will recover and rise even more.
Of 34 analysts who follow the company, 26 recommend it as a "buy," six say "hold" and only two say to "sell."
Buying Continental shares is a judgment call. Making sure a car has ESC is a no-brainer.