Few best car wallpapers draft 01 from my personal collection:
Friday, August 5, 2011
Best modified/Transformed cars around the world !!
Modified should not be best word to explain below smartest work I have even seen. Transformed machine to hunk with keep all style, check those:
Thursday, August 4, 2011
General Motors India shelves plan to launch Cadillac
"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
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 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 , 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 . This arrangement will 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 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 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 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
Wednesday, June 17, 2009
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.
Friday, July 18, 2008
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.
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.
Tata Motors completes acquisition of Jaguar Land Rover
Tata Motors today acquired the Jaguar Land Rover businesses from Ford Motor Company for a net consideration of US $2.3 billion, as announced on March 26, in an all-cash transaction. Ford has contributed about US $600 million to the Jaguar Land Rover pension plans.
Mr. Ratan N. Tata, Chairman of Tata Sons and Tata Motors, was present at the handing over ceremony at the head quarters of Jaguar Land Rover at Gaydon in the UK along with Mr. Don Leclair, the Executive Vice President and Chief Financial Officer of Ford Motor Company, and Mr. Lewis Booth, Executive Vice President of Ford Motor Company, who has responsibility for Ford of Europe, Volvo and Jaguar Land Rover.
Commenting on the occasion, Mr. Tata said, “This is a momentous time for all of us at Tata Motors. Jaguar and Land Rover are two iconic British brands with worldwide growth prospects. We are looking forward to extending our full support to the Jaguar Land Rover team to realise their competitive potential. Jaguar Land Rover will retain their distinctive identities and continue to pursue their respective business plans as before. We recognise the significant improvement in the performance of the two brands and look forward to this trend continuing in the coming years. It is our intention to work closely to support the Jaguar Land Rover team in building the success and preeminence of the two brands.”
Tata Motors confirmed that Mr. David Smith, the acting Chief Executive Officer of Jaguar Land Rover, would be the new CEO of the business. Mr. Smith has 25 years of experience with Jaguar Land Rover and Ford. Before recently returning to Jaguar Land Rover as its Chief Financial Officer, he was Director Finance and Business Strategy for PAG and Ford of Europe.
Mr. Smith said, “We are very pleased with the association with Tata Motors. We look forward to a sustained bright future for the company and its stakeholders.”
Jaguar Land Rover has been acquired at a cost of US$ 2.3 billion on a cash free, debt-free basis. The purchase consideration includes the ownership by Jaguar and Land Rover or perpetual royalty-free licences of all necessary Intellectual Property Rights, manufacturing plants, two advanced design centres in the UK, and worldwide network of National Sales Companies.
Long term agreements have been entered into for supply of engines, stampings and other components to Jaguar Land Rover. Other areas of transition support from Ford include IT, accounting and access to test facilities. The two companies will continue to cooperate in areas such as design and development through sharing of platforms and joint development of hybrid technologies and powertrain engineering. The Ford Motor Credit Company will continue to provide financing for Jaguar Land Rover dealers and customers for a transition period. Tata Motors is in an advanced stage of negotiations with leading auto finance providers to support the Jaguar Land Rover business in the UK, Europe and the US, and is expected to select financial services partners shortly.
About Tata Motors
Tata Motors is India's largest automobile company, with revenues of US$ 8.8 billion in 2007-08. With over 4 million Tata vehicles plying in India, it is the leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the second largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America. Through subsidiaries and associate companies, Tata Motors has operations in South Korea, Thailand and Spain. It also has a strategic alliance with Fiat.
Mr. Ratan N. Tata, Chairman of Tata Sons and Tata Motors, was present at the handing over ceremony at the head quarters of Jaguar Land Rover at Gaydon in the UK along with Mr. Don Leclair, the Executive Vice President and Chief Financial Officer of Ford Motor Company, and Mr. Lewis Booth, Executive Vice President of Ford Motor Company, who has responsibility for Ford of Europe, Volvo and Jaguar Land Rover.
Commenting on the occasion, Mr. Tata said, “This is a momentous time for all of us at Tata Motors. Jaguar and Land Rover are two iconic British brands with worldwide growth prospects. We are looking forward to extending our full support to the Jaguar Land Rover team to realise their competitive potential. Jaguar Land Rover will retain their distinctive identities and continue to pursue their respective business plans as before. We recognise the significant improvement in the performance of the two brands and look forward to this trend continuing in the coming years. It is our intention to work closely to support the Jaguar Land Rover team in building the success and preeminence of the two brands.”
Tata Motors confirmed that Mr. David Smith, the acting Chief Executive Officer of Jaguar Land Rover, would be the new CEO of the business. Mr. Smith has 25 years of experience with Jaguar Land Rover and Ford. Before recently returning to Jaguar Land Rover as its Chief Financial Officer, he was Director Finance and Business Strategy for PAG and Ford of Europe.
Mr. Smith said, “We are very pleased with the association with Tata Motors. We look forward to a sustained bright future for the company and its stakeholders.”
Jaguar Land Rover has been acquired at a cost of US$ 2.3 billion on a cash free, debt-free basis. The purchase consideration includes the ownership by Jaguar and Land Rover or perpetual royalty-free licences of all necessary Intellectual Property Rights, manufacturing plants, two advanced design centres in the UK, and worldwide network of National Sales Companies.
Long term agreements have been entered into for supply of engines, stampings and other components to Jaguar Land Rover. Other areas of transition support from Ford include IT, accounting and access to test facilities. The two companies will continue to cooperate in areas such as design and development through sharing of platforms and joint development of hybrid technologies and powertrain engineering. The Ford Motor Credit Company will continue to provide financing for Jaguar Land Rover dealers and customers for a transition period. Tata Motors is in an advanced stage of negotiations with leading auto finance providers to support the Jaguar Land Rover business in the UK, Europe and the US, and is expected to select financial services partners shortly.
About Tata Motors
Tata Motors is India's largest automobile company, with revenues of US$ 8.8 billion in 2007-08. With over 4 million Tata vehicles plying in India, it is the leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the second largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America. Through subsidiaries and associate companies, Tata Motors has operations in South Korea, Thailand and Spain. It also has a strategic alliance with Fiat.
Hyundai launches new Kappa Engine
- Raises performance, fuel efficiency and emission benchmark
- I10 to have the Kappa engine
- Automatic version of i10
- New engine & Transmission plant commissioned
Chennai, July 15, 2008: Hyundai Motor India Ltd, India`s fastest growing auto manufacturer and largest passenger car exporter today rolled out the i10 powered by the all new 1.2 litre advanced Kappa engine at its plant in Chennai. The in-line, four-cylinder, 1.2 litre engine while adding to the power will also deliver greater operational efficiency in terms of both fuel consumption and emissions.
The launch of the new Kappa engine coincides with the inauguration of the Engine & Transmission plant at Sriperumbudur which will produce the brand new Kappa engine to be fitted first in the i10 meant both for the domestic and the export market. The new Engine & transmission plant which cost over US$250 million has a capacity of 250,000 units per annum.
Announcing the launch H S Lheem, Managing Director, HMIL, said, “Efficiencies in fuel consumption and environment are the prerogatives for any automobile manufacturer. And Hyundai, as a conscientious global corporate citizen, prioritises these with continuous innovation in technology and design. Our new Kappa engine is the best in class today, with more power, less fuel consumption and a lower CO2 and overall emissions. The current 1.1L engine has proved to be one of the very successful engines for Hyundai and it will continue to power both the Santro and the i10 but the new Kappa engine will significantly raise the bar in this segment and redefine the expectation from this class of cars”.
The aluminium block, first in its segment Double Overhead Cam Shaft (DOHC), 16 valve with 32 bit microprocessor Kappa engine delivers a class leading 80PS/5200rpm and 11.4Kgm/4000rpm torque which results in excellent driveability both in city as well as on the highway. The engine is Euro 5 ready and emits only 119g/km of CO2 which is the lowest for this class of cars.
The Kappa engine i10 will now be also with an automatic transmission. A four speed 4-speed, automatic gearbox is mated to this all new, powerful engine which will add to the convenience of city driving.
Developed over a period of 48 months at a cost of US$421 million, the Kappa project harnessed all of Hyundai`s engineering know-how and will raise the bar in terms of power, performance, fuel efficiency and environment and uses some cutting edge technology like offset crank and light weight engine material to enhance performance.
The Kappa i10 will be launched in three variants the Magna, Sportz and the Asta with all top end features like the sunroof, 2-Din audio system, a unique red pack for the Sportz interiors and some class leading safety features like anti-lock braking system (ABS) and dual airbags. The new kappa i10 will be sold along with the existing Epsilon 1.1 litre engine variant and will be available in a range of 10 colours.
About HMIL
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company, South Korea and is the second largest and the fastest growing car manufacturer in India. HMIL presently markets 30 variants of passenger cars across segments. The Santro in the B segment, the Getz Prime and the i10 in the B+ segment, the Accent and the Verna in the C segment, the Sonata Embera in the E segment and the Tucson in the SUV segment.
Hyundai Motor India, continuing its tradition of being the fastest growing passenger car manufacturer, registering total sales of 327,160 vehicles in the calendar year (CY) 2007, an increase of 9.2 percent over CY 2006. In the domestic market it clocked a growth of 7.6 percent as compared to 2006 with 200,412 units, while overseas sales grew by 11.8 percent, with exports of 126,748 units.
HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of the most advanced production, quality and testing capabilities in the country. In continuation of its commitment to provide the Indian customer with global technology, HMIL has set up its second plant, which produces an additional 300,000 units per annum, raising HMIL’s total production capacity to 600,000 units per annum.
HMIL is investing to expand capacity in line with its positioning as HMC’s global export hub for compact cars. Apart from expansion of production capacity, HMIL plans to expand its dealer network, which will be increased from 230 to 300 this year.
The year 2007 has been a significant year for Hyundai Motor India. It achieved a significant milestone by rolling out the fastest 400,000th export car. Hyundai exports to over 90 countries globally; even as it plans to continue its thrust in existing export markets, it is gearing up to step up its foray into new markets. The year just ended also saw Hyundai Motor India attaining other milestones with the launch of the i10 and yet another path-breaking record in its young journey by rolling out the fastest 1,500,000th car.
Hyundai’s new model i10 which made its global debut here in India in October, 2007 made a clean sweep of all the ‘Car of the Year 2008’ awards from the leading automotive magazines and TV channels like BS Motoring, CNBC-TV18 AutoCar, NDTV Profit Car & Bike India and Overdrive magazine. The i10 is also the choice of the discerning automotive media of the country as they conferred the prestigious ‘Indian Car of the Year’ (ICOTY) award to the i10 as well. The i10 bagged these awards on the basis of excellence in build quality, handling, driver comfort, safety and ride quality.
The Santro and the Accent also received the ‘TNS Voice of the Customer - 2008’ award for the Premium Compact Car (Santro) and the Entry Mid size Car (Accent). In March 2008 it achieved yet another milestone by rolling out the fastest 500,000th export car.
Last year, the Hyundai Verna bagged some of the most prestigious awards starting with the title of "Car of the Year 2007" by India`s leading automotive publication – Overdrive, the “Best Mid-size Car of the Year” award by the NDTV Profit Car & Bike India Awards 2007, the “Best Value for Money Car” by the CNBC Autocar Auto awards and ‘Performance Car of the Year 2007’ from Business Standard Motoring.
Hyundai cars have been a favorite at all awards ceremonies and have always been winning awards. Our models like Sonata Embera won the ‘Executive Car of The Year 2006’ award from Business Standard Motoring Magazine and NDTV Profit Car & Bike India declared the Tucson as the ‘SUV of The Year 2006’. Not only this, HMIL has also been awarded the benchmark ISO 14001 certification for its sustainable environment management practices.
- I10 to have the Kappa engine
- Automatic version of i10
- New engine & Transmission plant commissioned
Chennai, July 15, 2008: Hyundai Motor India Ltd, India`s fastest growing auto manufacturer and largest passenger car exporter today rolled out the i10 powered by the all new 1.2 litre advanced Kappa engine at its plant in Chennai. The in-line, four-cylinder, 1.2 litre engine while adding to the power will also deliver greater operational efficiency in terms of both fuel consumption and emissions.
The launch of the new Kappa engine coincides with the inauguration of the Engine & Transmission plant at Sriperumbudur which will produce the brand new Kappa engine to be fitted first in the i10 meant both for the domestic and the export market. The new Engine & transmission plant which cost over US$250 million has a capacity of 250,000 units per annum.
Announcing the launch H S Lheem, Managing Director, HMIL, said, “Efficiencies in fuel consumption and environment are the prerogatives for any automobile manufacturer. And Hyundai, as a conscientious global corporate citizen, prioritises these with continuous innovation in technology and design. Our new Kappa engine is the best in class today, with more power, less fuel consumption and a lower CO2 and overall emissions. The current 1.1L engine has proved to be one of the very successful engines for Hyundai and it will continue to power both the Santro and the i10 but the new Kappa engine will significantly raise the bar in this segment and redefine the expectation from this class of cars”.
The aluminium block, first in its segment Double Overhead Cam Shaft (DOHC), 16 valve with 32 bit microprocessor Kappa engine delivers a class leading 80PS/5200rpm and 11.4Kgm/4000rpm torque which results in excellent driveability both in city as well as on the highway. The engine is Euro 5 ready and emits only 119g/km of CO2 which is the lowest for this class of cars.
The Kappa engine i10 will now be also with an automatic transmission. A four speed 4-speed, automatic gearbox is mated to this all new, powerful engine which will add to the convenience of city driving.
Developed over a period of 48 months at a cost of US$421 million, the Kappa project harnessed all of Hyundai`s engineering know-how and will raise the bar in terms of power, performance, fuel efficiency and environment and uses some cutting edge technology like offset crank and light weight engine material to enhance performance.
The Kappa i10 will be launched in three variants the Magna, Sportz and the Asta with all top end features like the sunroof, 2-Din audio system, a unique red pack for the Sportz interiors and some class leading safety features like anti-lock braking system (ABS) and dual airbags. The new kappa i10 will be sold along with the existing Epsilon 1.1 litre engine variant and will be available in a range of 10 colours.
About HMIL
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company, South Korea and is the second largest and the fastest growing car manufacturer in India. HMIL presently markets 30 variants of passenger cars across segments. The Santro in the B segment, the Getz Prime and the i10 in the B+ segment, the Accent and the Verna in the C segment, the Sonata Embera in the E segment and the Tucson in the SUV segment.
Hyundai Motor India, continuing its tradition of being the fastest growing passenger car manufacturer, registering total sales of 327,160 vehicles in the calendar year (CY) 2007, an increase of 9.2 percent over CY 2006. In the domestic market it clocked a growth of 7.6 percent as compared to 2006 with 200,412 units, while overseas sales grew by 11.8 percent, with exports of 126,748 units.
HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of the most advanced production, quality and testing capabilities in the country. In continuation of its commitment to provide the Indian customer with global technology, HMIL has set up its second plant, which produces an additional 300,000 units per annum, raising HMIL’s total production capacity to 600,000 units per annum.
HMIL is investing to expand capacity in line with its positioning as HMC’s global export hub for compact cars. Apart from expansion of production capacity, HMIL plans to expand its dealer network, which will be increased from 230 to 300 this year.
The year 2007 has been a significant year for Hyundai Motor India. It achieved a significant milestone by rolling out the fastest 400,000th export car. Hyundai exports to over 90 countries globally; even as it plans to continue its thrust in existing export markets, it is gearing up to step up its foray into new markets. The year just ended also saw Hyundai Motor India attaining other milestones with the launch of the i10 and yet another path-breaking record in its young journey by rolling out the fastest 1,500,000th car.
Hyundai’s new model i10 which made its global debut here in India in October, 2007 made a clean sweep of all the ‘Car of the Year 2008’ awards from the leading automotive magazines and TV channels like BS Motoring, CNBC-TV18 AutoCar, NDTV Profit Car & Bike India and Overdrive magazine. The i10 is also the choice of the discerning automotive media of the country as they conferred the prestigious ‘Indian Car of the Year’ (ICOTY) award to the i10 as well. The i10 bagged these awards on the basis of excellence in build quality, handling, driver comfort, safety and ride quality.
The Santro and the Accent also received the ‘TNS Voice of the Customer - 2008’ award for the Premium Compact Car (Santro) and the Entry Mid size Car (Accent). In March 2008 it achieved yet another milestone by rolling out the fastest 500,000th export car.
Last year, the Hyundai Verna bagged some of the most prestigious awards starting with the title of "Car of the Year 2007" by India`s leading automotive publication – Overdrive, the “Best Mid-size Car of the Year” award by the NDTV Profit Car & Bike India Awards 2007, the “Best Value for Money Car” by the CNBC Autocar Auto awards and ‘Performance Car of the Year 2007’ from Business Standard Motoring.
Hyundai cars have been a favorite at all awards ceremonies and have always been winning awards. Our models like Sonata Embera won the ‘Executive Car of The Year 2006’ award from Business Standard Motoring Magazine and NDTV Profit Car & Bike India declared the Tucson as the ‘SUV of The Year 2006’. Not only this, HMIL has also been awarded the benchmark ISO 14001 certification for its sustainable environment management practices.
Maruti brushes aside Nano competition
The Times of India
New Delhi: As Tata Motors gears up to roll out Nano by Durga Puja, country's largest car maker Maruti Suzuki is confident that the Rs 1 lakh wonder will be of no competition to it.
"It (Nano) increases the market size but it will not cut into the market of people who are buying cars that are in the Rs two-lakh price category. A person who buys a car for Rs two lakh, I believe that there will be very few people who will buy this (Nano) car. It is a new segment," Maruti Suzuki India Chairman R C Bhargava said in an interview.
He said people who could not buy Maruti 800 would buy Nano as the price difference was huge. Bhargava said more than the existing entry level cars, Nano will affect the two wheelers.
Casting doubts over maintaining the Rs one lakh tag in the wake of rising steel prices and other input costs, Bhargava said: "The one lakh price will be difficult to maintain."
Asked if MSI planned to come out with a competitor to Nano, he said: "Let me make it clear that there is no plan to develop a one-lakh car at Maruti."
Commenting on the changes in MSI after government exited the company with Suzuki becoming the majority shareholder, Bhargava said: "It has does affect the style of the management."
New Delhi: As Tata Motors gears up to roll out Nano by Durga Puja, country's largest car maker Maruti Suzuki is confident that the Rs 1 lakh wonder will be of no competition to it.
"It (Nano) increases the market size but it will not cut into the market of people who are buying cars that are in the Rs two-lakh price category. A person who buys a car for Rs two lakh, I believe that there will be very few people who will buy this (Nano) car. It is a new segment," Maruti Suzuki India Chairman R C Bhargava said in an interview.
He said people who could not buy Maruti 800 would buy Nano as the price difference was huge. Bhargava said more than the existing entry level cars, Nano will affect the two wheelers.
Casting doubts over maintaining the Rs one lakh tag in the wake of rising steel prices and other input costs, Bhargava said: "The one lakh price will be difficult to maintain."
Asked if MSI planned to come out with a competitor to Nano, he said: "Let me make it clear that there is no plan to develop a one-lakh car at Maruti."
Commenting on the changes in MSI after government exited the company with Suzuki becoming the majority shareholder, Bhargava said: "It has does affect the style of the management."
Tata Motors' total vehicle sales in June 2008 grow 7 per cent to 47,245 vehicles
Tata Motors reported a total sale of 47,245 vehicles (including exports) for the month of June 2008, a growth of 7 per cent compared to 44,317 vehicles sold in June last year. Cumulative sales for the company at 131,733 numbers, grew by 3 per cent.
Commercial vehicles
The company’s sales of commercial vehicles in June 2008 in the domestic market was 26,797 numbers, a growth of 25 per cent compared to 21,417 vehicles sold in June last year. M&HCV sales stood at 12,845 numbers, a growth of 9 per cent over June 2007, while LCV sales were 13,952 numbers, a growth of 45 per cent over June 2007.
Cumulative sales of commercial vehicles in the domestic market for the fiscal were 71,480 numbers, a growth of 16 per cent over last year. Cumulative M&HCV sales stood at 35,835 numbers, a growth of 10 per cent over last year, while LCV sales for the fiscal were 35,645 numbers, a growth of 23 per cent over last year.
Passenger vehicles
The passenger vehicles business achieved total sales of 17,017 vehicles in the domestic market in June 2008, a marginal decline of 2 per cent over 17,418 numbers sold in June 2007. The Indica reported sales of 8,560 numbers, a decline of 27 per cent over June 2007. The Indica, while being in its mature phase, continues to see a significant portion of its volumes migrate to the attractively priced Indigo CS sedan. The Indigo family recorded sales of 4,747 numbers, a strong 102 per cent growth over June 2007. The Sumo and Safari accounted for sales of 3,710 numbers, a growth of 11 per cent compared to June 2007. Growth could have been higher but for the adverse impact of the sudden and unexpected increase in excise duties in the latter half of the month. The Sumo recorded a 9 per cent growth over June 2007, with sales of 2,196 numbers Safari sales at 1,514 numbers, grew by 15 per cent.
Cumulative sales of passenger vehicles in the domestic market for the fiscal were 51,094 numbers, a minor decline of 1 per cent over the same period last year. Cumulative sales of the Indica at 25,676 numbers, reported a decline of 26 per cent with part of its sales moving to the Indigo range. Cumulative sales of the Indigo family were 13,052 numbers, a strong growth of 81 per cent. Cumulative sales of Sumo and Safari were 12,366 numbers, a growth of 23 per cent. The Sumo recorded a 34 per cent growth with sales of 7,771 numbers, while Safari sales at 4,595 numbers grew by 8 per cent.
Exports
The company's sales from exports at 3,431 vehicles in June 2008 declined by 37 per cent compared to 5,482 vehicles in June 2007. The cumulative sales from exports for the fiscal at 9,159 numbers declined by 34 per cent over 13,822 numbers in the same period last year.
Source: http://www.tata.com/
The company's sales from exports at 3,431 vehicles in June 2008 declined by 37 per cent compared to 5,482 vehicles in June 2007. The cumulative sales from exports for the fiscal at 9,159 numbers declined by 34 per cent over 13,822 numbers in the same period last year.
Source: http://www.tata.com/
Nissan LCVs for India by 2010
Indian roads are set for some more of Japanese technology arrive in the form of LCVs sporting the Nissan brand name. It is expected that the car maker would introduce Light Commercial Vehicles in Indian markets in 2010.
Nissan's strategy is to push itself up the order to be the leading player in global LCV market. By year 2010, the LCVs are expected to debut in the markets around India and the United States. Nissan is also planning to start LCV sale in Russia from September 2008. And that is not all. The company has also drawn up a global strategy in a bid to roll out 13 LCV models by year 2012.
Nissan already has a joint venture with Ashok Leyland to build light commercial vehicles in India, expects to push up revenues as the new launches near. Nissan is planning to double its revenue generated by LCV sales by 2012. The Hinduja Group flagship Ashok Leyland and Nissan Motor Co., Ltd had earlier announced the legal formation of the three JV companies for the Light Commercial Vehicle business in India for vehicle manufacturing, powertrain manufacturing and technology development. Nissan’s small car project with Bajaj that will be priced at Rs 1 lakh is also on the top priority.
In India, Nissan aims to sell over two lakh vehicles in the next four years for which it would take leverage from local expertise. Along with alliance partner Renault, Nissan is setting up a plant for passenger cars in Chennai with a capacity of four lakh units per annum.
Nissan's strategy is to push itself up the order to be the leading player in global LCV market. By year 2010, the LCVs are expected to debut in the markets around India and the United States. Nissan is also planning to start LCV sale in Russia from September 2008. And that is not all. The company has also drawn up a global strategy in a bid to roll out 13 LCV models by year 2012.
Nissan already has a joint venture with Ashok Leyland to build light commercial vehicles in India, expects to push up revenues as the new launches near. Nissan is planning to double its revenue generated by LCV sales by 2012. The Hinduja Group flagship Ashok Leyland and Nissan Motor Co., Ltd had earlier announced the legal formation of the three JV companies for the Light Commercial Vehicle business in India for vehicle manufacturing, powertrain manufacturing and technology development. Nissan’s small car project with Bajaj that will be priced at Rs 1 lakh is also on the top priority.
In India, Nissan aims to sell over two lakh vehicles in the next four years for which it would take leverage from local expertise. Along with alliance partner Renault, Nissan is setting up a plant for passenger cars in Chennai with a capacity of four lakh units per annum.
Monday, December 31, 2007
Its showtime for the Indian auto industry
The forthcoming 9th Auto Expo is all set to become the largest auto show in Asia where products from international automobile companies will dazzle with Indian competitors for eyeballs and applauds, writes Aditya Raj Das.
In another two decades from now, by 2030, India is poised to become the third largest automotive market in the world, after the United States and China and Indias automotive industry is likely to reach $145 billion. It is in this backdrop, the automobile industry is organising the 9th Auto Expo in New Delhi, the largest auto show in Asia.
The auto lovers will have a glimpse of sparkle and glory of the Power of Wheel with the eight-day event starting from January 10 in the capital city of Delhi. The once-in-two-years event with the theme of Mobility for All will be attended by the Whos Who of global as well as the Indian auto industry, displaying their machine and technology.
They will feature many firsts of the global auto industry in terms of green and future technologies, concept vehicles, new launches and focus pavilions.
Auto analysts feel that the Auto Expo 2008 organised jointly by Confederation of Indian Industry (CII), Society of Indian Automobile Manufacturers (SIAM) and Automotive Component Manufacturers Association of India (ACMA)?128;"is all poised to be one of the biggest platforms for the Asian auto markets and will be the largest in Asia in terms of space, with a floor area of over 140,000 square meters, up by around 60 per cent over the last Auto Expo held in 2006.
As CII National Trade Fair Committee Chairman Rajiv Kaul says, India has arrived in the big league of the international automobile markets and this will be evident in the 9th Auto Expo. This auto expo will witness more than 2,000 participants compared to 1,200 exhibitors in the Eighth Auto Expo in 2006 and expects over one million visitors, organisers claim.
Wide range
For the first time, this auto expo is providing focused sector pavilions such as accessories and car decor, diesel city, garage equipment, robotics and automation and electronics pavilion, says an ACMA official.
The response is so overwhelming that we have to plead with the International Trade Promotion Organisation (ITPO) to allow space within permanent state pavilions to accommodate excessive bookings.
Besides, this auto show also has 10 extra hangers to accommodate excessive bookings, a CII official said. Besides participation from 25 countries, it will also have largest ever overseas participation with country pavilions from Canada, China, France, Germany, Italy, Japan, Malaysia, Spain, Taiwan, UK and USA.
Major bike makers, three-wheeler players, auto parts manufacturers are also betting big on this event. Besides, big-ticket investment announcements from both domestic and global players, introduction of hybrid and alternative fuel technologies and battery-operated vehicles would be other attractions of the mega event.
Green concept
With the theme Mobility for All, this auto expo will also focus on advanced environmental and safety technologies, innovative designs, and new forms of fun and comfort for the automobile. Seminars covering the entire gamut of the automobile arena would also be its integral parts to create awareness for industry players in particular.
CII Deputy Director General Gurpal Singh says, Over the years, auto expo is increasingly proving to be a very effective event for facilitating the coming together of auto majors from around the world in a focused fashion, under one roof.This edition will be biggest in all ways, with global auto players eyeing India as the future market.
Significantly the auto expo has already achieved the status of one of the Top International Auto Shows by the Organisation Internationale des Constructeurs dAutomobile (OICA).
OICA will include the Delhi show in its calendar of international shows and this will also draw in more international companies and overseas business delegations as the organisation will promote the show to its members.
New models
The organisers are also on overdrive because the auto expo is likely to see launch of 30 new vehicle models, including the much-hyped Rs 1 lakh car from Tata Motors, concept car A-Star and Splash of Maruti-Suzuki, sports utility vehicle Touareg of Volkswagen and compact car Jazz from Honda among others, which will be hit the Indian roads in times to come, industry sources say.
Tata Motors has already announced that keeping with the companys tradition of unveiling its new cars at the auto expo, the company will display its much-talked about Peoples Car at the forthcoming expo.
The commercial launch of the car is expected to take place in the middle of 2008. Tata Motors will jointly participate with the Fiat India with a pavilion spread over 5,200 square meters, largest in the expo.
Said a Tata Motors official, We will display a range of new passenger vehicles, while Fiat will display passenger cars from its international range. Fiat is expected to display Grande Punto at the stall.
From its commercial vehicles business, Tata Motors display will include buses from the joint venture with Marcopolo of Brazil, newly developed multi-axle heavy trucks, pickup vehicles, applications of panel vans, and new mini-trucks.
Not to be outdone, countrys largest car maker Maruti Suzuki India has chosen the Auto Expo 2008 to unveil its latest small car concept the A-star and Splash.
Suzuki Chief O Suzuki has already announced that A-star is a car that is designed for the global market and will be produced in India only.
Not to be left behind the other major car maker Hyundai will launch its much-awaited new MUV?128;"Santa Fe?128;"at the forthcoming auto expo. Hyundai is also expected to display its car i20, which will be launched in India after the successful entry of its latest hatch-back?128;"the i10.
Volkswagen is expected to showcase its latest luxury SUV?128;"Touareg?128;"at its pavilion. It will also exhibit its flagship small car model?128;"Passat?128;"which is already on sale in India. Industry sources say Volkswagen will also exhibit its future launch in small car segment Jetta.
The utility vehicle major Mahindra & Mahindra, which made its debut in cars last year with the launch of Logan, is expected to show case a new SUV in the expo.
But one important car company that is staying away from the Auto Expo is Bangalore-based Toyota Kirloskar. The reason, according to industry sources, is that the company has no plans for a new launch in the near future, so it has nothing to showcase. A major reason why Indias auto expo is gaining importance year after year is that this biennial event is offering an excellent platform to the Indian automobile and auto-component industry to display state-of-the-art and the latest developments in the automotive industry to the global audience.
Attractive platform
In fact, the auto expo is increasingly becoming popular among the auto component manufacturers. This is so because virtually worlds major auto makers are sourcing India for wide range of auto components. Exports of auto components from India in the year 2007 is estimated at $2 billion. The success is mainly because Indian auto component manufacturers are providing high-quality products at a reasonable cost.
It is being increasingly observed that most of the trade inquiries received during Indias Auto Expo are those relating to auto component. As per CII data during the last Auto Expo 2006, there were more than 1,30,000 trade enquiries and orders worth Rs 538 crore were booked.
The other primary reason why Indias auto expo will assume greater importance in coming years is that most auto majors at the global level are looking at India as their manufacturing hub.
For example Suzuki, Hyundai and Ford are already using plants in India to export to Europe. Besides, India because of its burgeoning upwardly moving middle class with fat wallet, is emerging as one of the most sought after markets for global car makers.
Source: indiacar.net
Sunday, August 5, 2007
Mahindra Axe is a little hummer for the Army
The Indian Army is all set to get its on desi Humvee! To be called the Mahindra Axe, the indigenous vehicle from Mahindra & Mahindra, has undergone the necessary tests recently.
Okay, calling the AXE a Hummer might be too much of a stretch - but it is a potent weapon for the army nevertheless.
The Mahindra Axe is being built as per Indian Army specifications. The vehicle is an IPR of the Mahindras and even the engine is being indigenously developed. Two prototypes have been developed for Army testing, a report said quoting an M&M official, and will have both open and hard-top versions, capable of mounting artillery. The Mahindra Axe has been developed by a team consisting of Indian and international designers. Some components of the Axe are being imported too.
The report also hinted that Mahindra and Mahindra would be looking at developing a softer variant for civilian purposes. The vehicle, which would very heavy, and a fuel guzzler, would be primarily suited for off-road operations. Apart from that, the vehicle looks more like an extra large ATV with roll bars and fat tyres than like a huge brick-like Hummer.
The Hummer army vehicles of the US, often called Humvee,was first built by American Motors. Aimed at deployment in defence areas, its civilian variant, the Hummer, debuted a decade later, added the report. General Motors had taken over the Hummer brand in 1998. During the Gulf War, the US Army had deployed the Humvees in large numbers as a light tactical vehicle for command and control, special purpose shelter carriers, and special purpose weapons platforms throughout all areas of the modern-day battlefield.
Okay, calling the AXE a Hummer might be too much of a stretch - but it is a potent weapon for the army nevertheless.
The Mahindra Axe is being built as per Indian Army specifications. The vehicle is an IPR of the Mahindras and even the engine is being indigenously developed. Two prototypes have been developed for Army testing, a report said quoting an M&M official, and will have both open and hard-top versions, capable of mounting artillery. The Mahindra Axe has been developed by a team consisting of Indian and international designers. Some components of the Axe are being imported too.
The report also hinted that Mahindra and Mahindra would be looking at developing a softer variant for civilian purposes. The vehicle, which would very heavy, and a fuel guzzler, would be primarily suited for off-road operations. Apart from that, the vehicle looks more like an extra large ATV with roll bars and fat tyres than like a huge brick-like Hummer.
The Hummer army vehicles of the US, often called Humvee,was first built by American Motors. Aimed at deployment in defence areas, its civilian variant, the Hummer, debuted a decade later, added the report. General Motors had taken over the Hummer brand in 1998. During the Gulf War, the US Army had deployed the Humvees in large numbers as a light tactical vehicle for command and control, special purpose shelter carriers, and special purpose weapons platforms throughout all areas of the modern-day battlefield.
Mitsubishi Cedia Select LPG car launched
Mitsubishi's Cedia never exactly set fire to the charts in India. Sure it is a popular car abroad, but with a more powerful engine. The detuned Cedia has been a rare sight on Indian roads, quite unlike its older sibling the Lancer. Mitsubishi know plans to change all that with the launch of the dual fuel Cedia Select.In milieage-conscious India, diesels and dual-fuel cars have seen reasonable success, the diesel versions often cannibalising the original petrol variants. In the recent past, Maruti offered a dual-fuel Wagon R.
Mitsubishi cars are manufactured in India by Hindustan Motors.
The company said today that the duel-fuel kits in the Cedia Select will be factory fitted, utilise the sequent-type technology for effective performance on LPG fuel and will have a 32-bit microprocessor. The Cedia Select cars would be priced at rs 8.6 lakh, ex-showroom Delhi.
Mitsubishi cars are manufactured in India by Hindustan Motors.
The company said today that the duel-fuel kits in the Cedia Select will be factory fitted, utilise the sequent-type technology for effective performance on LPG fuel and will have a 32-bit microprocessor. The Cedia Select cars would be priced at rs 8.6 lakh, ex-showroom Delhi.
BMW to launch M3 and M5 sports sedans in India
German carmaker Bayerische Motoren Werke (BMW) on Tuesday said it plans to launch its sports car M series in India by 2008. The luxury carmaker’s announcement comes in the backdrop of an enthusiastic response to its products in the country.BMW also announced the market launch of its luxury sedan 5 series. BMW said the prices of the 5 series will be in the range of Rs 37-45 lakh ex-showroom Delhi.
The German luxury carmaker has been apparently buoyed by the response it got from the country, selling 424 units of its 3 and 7 series. This has also acted as a trigger for BMW to revise its target upwards by 20% from 1,000 to 1,200 units this calendar year. BMW India President Peter Krnoschnabl was quoted as saying that July sales is expected to exceed the 100 unit mark. BMW, which is also launching the SUV X5 later this year, says it has already bagged good orders for the 5 series. BMW said its M series cars M3 and M5 will be rolled out as imports in the country, albeit as per orders from potential buyers. The 3 series would cost between Rs 26 lakh to Rs 33 lakh, the carmaker said. BMW also sees the 3 series to be the primarily power its growth in the country.
BMW also has set ambitious targets for its 7 Series, which is a super luxury sedan. The 7 Series will be priced in the Rs 74 lakh to Rs 1.25 crore range. BMW has set a sales target of 170 units for the 7 Series. With this BMW will have a 5 product portfolio in India, including the X3 and X5 SUVs, apart from the 3,5,7 Series vehicles. BMW, which has eight dealers in the country, is trying to expand its dealer base also as it raises its targets. By 2009, BMW plans to have 12 or more dealers in India.
The Munich headquartered BMW, founded by Karl Friedrich Rapp in 1917, had revenues of 49 billion euros in 2006 globally. Meanwhile, BMW is likely to report a fall in quarterly global profit as rising production costs and the surge of euro against the dollar slashes its revenues from the US. The surge in rubber and steel costs are also a cause of worry for BMW. Last year, 24% of BMW’s revenues came from North America and only 22% from Germany, while United Kingdom contributed 11% and Asia chipped in with 13% of sales. The remaining revenues came from Europe.
Monday, July 9, 2007
Ford small car by end of 2008
The ‘small-is-beautiful-and-profitable’ mantra is catching in India. The latest to join the fray is Ford India.
The car maker is likely to unveil its new small car by the end of 2008. Codenamed B402, Ford’s small car might use its existing Ikon or Fiesta platforms for a hatchback, said industry reports. It is also likely that Ford may tweak the new car model KA which is being developed jointly with Fiat in Europe. However, company officials say that the company has no plans of getting the car that is being jointly produced by Fiat Europe and Ford Europe to India.
It is a known fact that the company has signed a memorandum of understanding with Fiat Europe to produce a new small car in Europe. Whether the company would bring the car to India is something only time would tell.
Reports quoting sources said it was not clear whether the joint platform car will be sold in markets outside Europe. The company had said earlier that the new generation of B-segment vehicles would be only for Europe. However, whether the agreement will be expanded to other markets or not will become clear when Fiat officially launches the vehicle on July 5. The new Ford KA will be officially launched in Europe in 2008.
Meanwhile, it is learnt that if Ford uses an existing model platform, the price of the hatchback could be similar to the Maruti Swift or the Hyundai Getz. If it goes for the new KA, the pricing is expected to be different. The company currently has both petrol and diesel engines that can be tweaked to enable the hatch to qualify for excise benefits, say experts.
Source: dancewithshadows
The car maker is likely to unveil its new small car by the end of 2008. Codenamed B402, Ford’s small car might use its existing Ikon or Fiesta platforms for a hatchback, said industry reports. It is also likely that Ford may tweak the new car model KA which is being developed jointly with Fiat in Europe. However, company officials say that the company has no plans of getting the car that is being jointly produced by Fiat Europe and Ford Europe to India.
It is a known fact that the company has signed a memorandum of understanding with Fiat Europe to produce a new small car in Europe. Whether the company would bring the car to India is something only time would tell.
Reports quoting sources said it was not clear whether the joint platform car will be sold in markets outside Europe. The company had said earlier that the new generation of B-segment vehicles would be only for Europe. However, whether the agreement will be expanded to other markets or not will become clear when Fiat officially launches the vehicle on July 5. The new Ford KA will be officially launched in Europe in 2008.
Meanwhile, it is learnt that if Ford uses an existing model platform, the price of the hatchback could be similar to the Maruti Swift or the Hyundai Getz. If it goes for the new KA, the pricing is expected to be different. The company currently has both petrol and diesel engines that can be tweaked to enable the hatch to qualify for excise benefits, say experts.
Source: dancewithshadows
Hyundai launches CNG Santro
Hyundai Motor India today a CNG version of its popular small car Hyundai Santro. The CNG Santro is pitted against the LPG version of Maruti's Wagon R LPG. While the Maruti Wagon R LPG comes at an ex-showroom price of Rs appox 3.25 lakh in Delhi, the CNG Santro is priced at Rs 3,25,361, ex-showroom Delhi.
Hyundai said that CNG has established itself as a reliable and eco-friendly fuel. The CNG kit will be sourced from Minda Auto Gas and the fitting will be done at the dealer end. All Santro CNG cars will run on petrol too. The CNG Santro comes with a switch, which the driver can use to shift between the CNG and gasoline fuel.
Apart from an AT (automatic transmission model), version the CNG Santro also comes in XK (non A/c), XL, and XO variants. All cars carry a two-year, unlimited mileage warranty. On the CNG kit and related fitment, there is an additional warranty of one more year.
A Hyundai Motor statement said that the car will have a CNG cylinder which carry 12 kg of CNG. The estimated running cost per kilometer on the CNG Santro is pegged at Re 1 a kilometer.
Hyundai said that the Santro's CNG kit is not only safe but has an advanced Lambda control system, which meets the Euro III emission norms. Hyundai has also tied up with Korean CNG specialist company NGVI for an exclusive CNG fitment arrangement.
Said Arvind Saxena VP – Marketing and Sales Hyundai Motor India: "CNG has established itself as an eco-friendly and economical fuel and HMI will now offer this choice of fuel to its Santro customers. We feel that this will increase the attractiveness of the Santro as it will considerably bring down the running cost. Also the fuel is eco-friendly which adds to its attractiveness"
Initially, the CNG car will be available only in Delhi. Later, the company plans to roll out the CNG Santro in other cities too.
Source: dancewithshadows
Bajaj to show off car at 2008 Auto Expo
Talk of a Bajaj car has been around for a while. Now, the company has come out with a plan to showcase a concept car for the January 2008 Auto Expo. Managing Director Rajiv Bajaj has said that the company aims at bringing in a concept passenger vehicle by January 2008. And if the customers like it, Bajaj will opt for commercial production in three years. Better still, the first car from India’s trusted two wheeler maker will be priced between Rs 2 lakh and Rs 5 lakh.
The company has brushed off descriptions of the vehicle as a ‘cheap car’, saying that the new offering would be a four-wheel passenger vehicle. That has got everyone a little confused though. Okay, it is a concept vehicle, might go into production, and it will not be a cheap ? So it is a not-cheap, small but not too small car, possibly a hatch or even a competitor for the Indigo or Logan - so what's the big deal in coming out and saying it clearly? Probably, its just the reporters who got it all wrong - or maybe they all read a confusing press release.
Meanwhile, the company has also said that it was working on the commercial launch of a four-wheel goods carrier by 2009. The engine, transmission and platform that the company will build would be the basis for its passenger car. According to Bajaj, the reason why the company was opting for a goods carrier is that there is no competition on that front. Bajaj is learnt to be setting aside an amount of Rs 750 crore for a four-wheeler production plant, which will have an annual production figures of 40,000 to 50,000 vehicles.
The company will not be alone in the small car mart, as many a automaker has lined up many a model in the the 1.2 million passenger car market. According to statistics, small cars account for 60 per cent of domestic sales. While Tata Motors is set to unveil its model at the next Auto Expo, the Renault-Nissan combo is mulling over a sub-$3,000 passenger car. Adding themselves to the list are Honda, Toyota and General Motors who are busy readying their Rs 5 lakh cars.
Does the four wheel vehicles foray mean that Bajaj is moving away from its bread and butter two-wheelers? Not really. The company brass has made it clear that Bajaj knows that the two-wheeler market will continue to grow for 20-25 years and so there was no question of shifting focus from two-wheelers.
Source: dancewithshadows
The company has brushed off descriptions of the vehicle as a ‘cheap car’, saying that the new offering would be a four-wheel passenger vehicle. That has got everyone a little confused though. Okay, it is a concept vehicle, might go into production, and it will not be a cheap ? So it is a not-cheap, small but not too small car, possibly a hatch or even a competitor for the Indigo or Logan - so what's the big deal in coming out and saying it clearly? Probably, its just the reporters who got it all wrong - or maybe they all read a confusing press release.
Meanwhile, the company has also said that it was working on the commercial launch of a four-wheel goods carrier by 2009. The engine, transmission and platform that the company will build would be the basis for its passenger car. According to Bajaj, the reason why the company was opting for a goods carrier is that there is no competition on that front. Bajaj is learnt to be setting aside an amount of Rs 750 crore for a four-wheeler production plant, which will have an annual production figures of 40,000 to 50,000 vehicles.
The company will not be alone in the small car mart, as many a automaker has lined up many a model in the the 1.2 million passenger car market. According to statistics, small cars account for 60 per cent of domestic sales. While Tata Motors is set to unveil its model at the next Auto Expo, the Renault-Nissan combo is mulling over a sub-$3,000 passenger car. Adding themselves to the list are Honda, Toyota and General Motors who are busy readying their Rs 5 lakh cars.
Does the four wheel vehicles foray mean that Bajaj is moving away from its bread and butter two-wheelers? Not really. The company brass has made it clear that Bajaj knows that the two-wheeler market will continue to grow for 20-25 years and so there was no question of shifting focus from two-wheelers.
Source: dancewithshadows
Tuesday, July 3, 2007
New Cayenne Is Here!
Porsche has launched all-new variants of the Cayenne in India. Speaking at the launch, Mohamed Rahman, managing director for Porsche’s India operations, said that before the end of this year the company would open three dealerships in southern India. “I am sure that we will sell over 100 cars this year alone,” he added.According to Ashish Chordia, chief executive officer, Porsche Cars India, “in the next month-and-a-half, our Mumbai centre will be opened, and we are adding one each in Hyderabad, Bangalore and Chennai”.
The base version of the SUV now has a 40bhp power enhancement and comes with a 290bhp six-cylinder motor. The Cayenne range starts at Rs 49.30 lakh and goes up to Rs 1.1 crore (both ex-showroom, Delhi) for the ‘turbo’ variant which comes with a 4.8-litre V8 motor and a whopping 500bhp.
Source: autocarindia
Subscribe to:
Posts (Atom)
