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General Motors India shelves plan to launch Cadillac

Even after getting a strong feedback from market for luxury brand Cadillac, GM India has shelved plans to launch it in the Indian market, a company official said.

"We have completed a survey on Cadillac and I must say it is having a strong brand recognition," GM India president and managing director Karl Slym said.

Slym, however, said that the company was not willing to sell the Cadillac brand in India which GM owns worldwide.

"We want to focus on Chevrolet at the moment for which GM India had invested a fortune on building infrastructure like plants," Slym told reporters here at the launch of the diesel version of the small car Beat.

Slym said that owing to the twin impact of rising interest rates and hike in fuel prices, the industry growth had slowed down between 10 per cent and 20 per cent.

"However, we will grow double the industry rate. Last year, the industry grew by 30 per cent and GM India grew by 60 per cent," Slym said.

In 2010, the company sold 1.10 lakh units across all the models.

Slym said that within the next 18 months, the company would launch five models including an LCV in all fuel variants.

The company was expanding the capacity of Halol (Gujarat) and Talegaon (Maharashtra) plant to 1.10 lakh and 1.7 lakh respectively involving an investment of US$ 500 mn.

source: economictimes.

Harley-Davidson Fat Boy Special comes to India at Rs 19.70 lakh Read more: Harley-Davidson Fat Boy Special comes to India at Rs 19.70 lakh

Harley-Davidson India has announced the addition of the Fat Boy Special model to its portfolio in India. With this addition, Harley-Davidson offers a new riff on one of the greatest hits to ever roll out of the Harley-Davidson design studio. The Fat Boy Special will be introduced at Rs.19,70,000 (ex-showroom Delhi).

This model will be imported as a completely built unit and will be available across all Harley-Davidson dealerships in addition to the 14 models currently available in the 2011 line-up. Darker, with a lower seat positioning than the original icon of fat-custom style, the new Harley-Davidson Fat Boy Special retains the bold presence of the original Fat Boy while offering a fresh interpretation of the motorcycle that still defines the segment.

Speaking on the occasion, Anoop Prakash, Managing Director, Harley-Davidson India said, “The past year has been memorable with the opening of new dealerships, Harley Owners Group rides, new model introductions and commencement of complete knockdown assembly operations to better serve our customers in India. We are grateful for the tremendous response we have received from our customers and enthusiasts across the country. Commemorating this milestone, we are now launching the Harley-Davidson Fat Boy Special, offering a special take on the motorcycle that embodies Harley-Davidson’s rich heritage.”
In addition to its existing partnership with ICICI Bank, Harley-Davidson India has now partnered with HDFC Bank for a broad spectrum of services including consumer financing, dealer financing, and banking services that will support Harley-Davidson India’s plans of strengthening its business operations in the country and providing its customers easy finance options.

“We are delighted to welcome HDFC Bank as a preferred finance partner and are confident that our customers will be well served by the bank’s pan-India presence and competitive rates. This arrangement will help more motorcycle enthusiasts realize their dream of joining the Harley-Davidson community”, he further added.

Dressed in satin chrome, the Fat Boy Special model features a reshaped seat and handlebar that places its rider "in" the motorcycle, with the lowest seat height of any Harley-Davidson model. The half-moon footboards, black wheels and leather tank panel help Fat Boy Special rock to a singular, fat-custom beat. The Fat Boy Special is a Harley-Davidson Softail model with a rear-suspension design that mimics the lines of a vintage hardtail frame, but offers the comfort of modern suspension that is hidden under the chassis. A horseshoe oil tank located below the seat, forward foot controls or foot boards, and the classic five-gallon fuel tank are notable styling details of each Softail model.

A counter-balanced Twin Cam 96B™ V-Twin powertrain, rigid-mounted in the frame, powers the Fat Boy Special model. The rigid powertrain allows tight packaging of the engine within the frame. Rated at 125 nm of peak torque at 3500 rpm, the engine features Electronic Sequential Port Fuel Injection (ESPFI) and is finished in black powdercoat with bright machined highlights on the cylinder fins, and satin-chrome engine and primary drive covers. The 6-Speed Cruise Drive™ transmission features a new helical-cut fifth gear for smooth operation. Bookings for the Fat Boy Special will commence in August 2011, at Harley-Davidson dealerships across India.

Read more: Harley-Davidson Fat Boy Special comes to India at Rs 19.70 lakh | WheelsUnplugged

Nissan to launch small-size cars in India

The Japanese car makers Nissan is planning to launch more small size cars to grip in the market following the success of Micra.

The company is working on small cars ranging 2-4 lakhs to compete with Maruti Alto, Hyundai santro and Cheverlet spark in the market.

The company is also planning to launch Multi-purpose Vehicle (MPV) with Ashok Leyland to compete against Toyota Innova.

The company was able to do good business with Micra which is a small size car launched in July 2010.

The company is presently looking forward over the launch fifth model--Sunny sedan. The car is based on micras V platform. This will be exported to west Asia and Africa.

The company sold 13,000 units of micra in the country. Nissan also sells the X-Trail SUV, Teana premium sedan and the 370Z sports car in India.

source: commodityonline

Fiat launches its premium small car Grande Punto in India news

NEW DELHI: Italian car major Fiat on Wednesday launched its much-awaited premium small car Grande Punto in both petrol and diesel variants in the Indian market, priced between Rs 3.99 lakh and Rs 6.11 lakh (ex-showroom, Delhi).

"The launch of Grande Punto marks a new milestone for Fiat in India as we bring the quintessentially Italian designs to Indian shores," Fiat India Automobiles Ltd (FIAL) Chief Executive Officer Rajeev Kapoor told reporters here.

The company believes that the small-car segment is under-tapped and customers are increasingly looking forward to international brands on Indian roads, he added.

Grande Punto, which was first launched in the European market in 2005, would be rolled out from the company's plant at Ranjangaon in Maharashtra in four variants each in both petrol (1.2 litre an 1.4 litre) and diesel modes (1.3 litre).

The petrol variants would cost Rs 3.99-5.61 lakh, while the diesel cars would be offered at Rs 4.85-6.11 lakh.

BMW Minis in India by 2009

BMW Mini to be launched in India by 2008 at an estimated price of Rs 20 lakh.


BMW India plans to launch the BMW Mini in 2009. Reports say that BMW India has completed market analyses for the launch and handed over the results to its German headquarters. The company has said that the BMW Mini is not just a car, but a brand altogether and so a feasibility study is a must.

Most likely to carry a price tag of Rs 20 lakh, the BMW Mini would be a result of the investments BMW has made at its Chennai plant. BMW has pumped in $750,000, and plant capacity has been increased from 1700 units to 3000 units per year.

To add to its brand visibility, BMW also plans to open smaller showrooms in Tier-2 cities like Jodhpur, Surat and Coimbatore. BMW already has nine showrooms in India and will set up three more, in 2008, in Kochi, Ahmadabad and Kolkata.

BMW has sold a record 350,000 vehicles in the first quarter of 2008. BMW reported overall sales of 351,787 units, an increase of 5.7 percent from the first quarter of 2007.

In the overseas markets, the BMW Mini, in 2008, moved a total of 26,963 cars, an increase of 24.4 percent over the previous year.

India contributed the most in these numbers, by posting a jump of 800 per cent to 862 cars. Overall sales in March 2008 alone climbed by 8.2 percent on the year to 153,184 vehicles, BMW has said.