Dismiss Notice
Welcome to IDF- Indian Defence Forum , register for free to join this friendly community of defence enthusiastic from around the world. Make your opinion heard and appreciated.

Indian Automobile Industry News

Discussion in 'World Economy' started by Gessler, Jan 11, 2015.

  1. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
    Use this thread to post all news regarding Indian & India-related news about the automobile industry, and related fields. NOT for Mass Transport Systems.

    --

    Audi tops India's luxury-car market again, but Mercedes closes in
    By Chanchal Pal Chauhan, ET Bureau | 8 Jan, 2015, 04.25PM IST

    [​IMG]

    NEW DELHI: In the battle among German marquee brands in India's luxury-car market,Audi AG has managed to keep its top position in 2014, though Mercedes-Benz has grown faster and narrowed the gap with the leader.

    Audi sold 10,851 cars and sport-utility vehicles in India in the past year, up about 8.5% from the previous year. Mercedes-Benz's sales rose more than 13% to 10,201 vehicles. Both had their best year in 2014. BMW has yet to release its sales numbers in India, but is forecast to come in third.

    For Audi, 2014 has been the second straight year when it topped the nation's luxury market. It was the seventh successive year its sales expanded in India, easily outpacing an overall local auto market that remains sluggish.

    "The sheer acceptance of our brand in this country is tremendous and we have lined up 10 new models for 2015 to maintain this growth momentum," said Joe King, head of Audi India.

    Mercedes-Benz is also planning a product onslaught and has lined up as many as 15 new launches for this year.

    Swedish carmaker Volvo, which entered the Indian market almost nine years back, sold 1,202 vehicles in 2014, up 27% from 2013. Jaguar Land Rover, the Tata Motors-owned British luxury carmaker, didn't release its latest numbers in India.

    Luxury car sales in India in 2014

    [​IMG]
    *BMW, Jaguar Land Rover data not available yet

    Audi tops India's luxury-car market again, but Mercedes closes in - The Economic Times
     
    AbRaj and INDIAN NATIONALIST like this.
  2. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
    'Bolt' key to Tata Motors' aim of double digit growth in FY16
    By PTI | 9 Jan, 2015, 08.00AM IST

    [​IMG]

    NEW DELHI: On a comeback trail to regain its position in the Indian car market, Tata MotorsBSE 1.88 % is banking on new products such as upcoming compact car Bolt and better customer satisfaction efforts as it eyes double-digit sales growth in the next fiscal.

    With the company's new compact sedan Zest receiving good response from the market, Tata Motors is upbeat about continuing the sales growth momentum in the coming months keeping in mind the favourable economic conditions.

    "The last three months have been good for us in terms of sales. There is a huge traction for Zest and we had bookings of 5,000 units last month," Tata Motors President (Passenger Vehicle Business) Mayank Pareek said.

    With the Bolt slated for launch on January 22, he said the company will have another new quality product to add to the sales momentum.

    "Bolt will have many features which are usually found in luxury cars. What we are trying to do is make those luxury features affordable and available to our customer," Pareek added.

    Features like multi-mode drive that allows a driver to set the engine response depending on driving needs like in-city, economy or sports (faster); safety features such as dual airbags, and audio system usually found in cars like Audi, Jaguar or Mercedes are part of the Bolt, he said.

    [​IMG]

    In order to enhance customer experience, he said Tata Motors is also stepping up efforts to make it better with Bolt than what it had done for Zest.

    "Together with our dealers, we have trained 1,276 people exclusively for Bolt on both soft and hard skills and how to deal with customers better. We are putting in a lot of learnings from the past into it," Pareek said.

    Bullish on the steps yielding the desired results for the 2015-16 fiscal, Pareek said: "The industry is expected to grow in double digits and Tata Motors will be better than the industry growth."

    He said the company's existing models, including the Nano and Vista, are also expected to pick up sales momentum.

    Pareek said favourable factors such as lower crude oil prices and buoyancy in the economy and the likelihood of interest rate cuts augur well for auto sales.

    The company's cumulative sales of all passenger vehicles in the domestic market for the April-December period this fiscal stood at 92,227 units, lower by 11 per cent over the previous fiscal.

    [​IMG]

    In December 2014, Tata Motors had reported a 30 per cent growth in passenger vehicles sales at 12,040 units, compared to 9,272 units in the December 2013.

    Tata Motors had fallen behind the likes of Honda, Toyota and Mahindra & Mahindra in the Indian passenger vehicles market from being the third largest player at one point of time as its products, including the Nano, failed to deliver.

    'Bolt' key to Tata Motors' aim of double digit growth in FY16 - The Economic Times
     
  3. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
    Mahindra Two Wheelers expects to complete deal with Peugeot Motorcycle
    By PTI | 9 Jan, 2015, 05.01AM IST

    [​IMG]

    CHENNAI: Mahindra Two Wheelers expects to complete the deal by next month to acquire 51 per cent stake in Peugeot Motorcycles, part of the France-based Euro 54 billion PSA Group, a top official said today.

    The two-wheeler arm of the Mahindra Group in October 2014 made a binding offer to acquire a 51 per cent stake in Peugeot Motorcycles, one of the oldest motorized two-wheeler manufacturers in the world.

    The transaction between Mahindra Two Wheelers Ltd and Peugeot Motorcycles would involve infusion of 15 million euro into Peugeot Motorcycles to finance projects implemented through the partnership.

    "The deal is in progress. We are waiting for some documentation work to happen. I am hoping that by end of January or beginning February we should be able to clear all the hurdles. But, it really depends on when those hurdles get cleared," Mahindra Two Wheelers, Chief of Operations, Viren Popli told reporters here.

    Responding to a query on how Mahindra would position the products under the Mahindra-Peugeot deal, he said, "I do not think we are going to create a Mahindra that looks like a Peugeot. I think, we will let Peugeot do Peugeot (products) and Mahindra does Mahindra (products)".

    "It (Peugeot Motorcycles) was the first two-wheeler company in the world to make a motorised transportation. They have a long history. So when you have a brand like that, you do not try to mess it up by trying to create some brand. There has to be a different position", he said.

    He said Mahindra Two Wheelers was suited for the "mass" segment, while Peugeot Motorcycles for premium segment. Peugeot Motorcycles manufactures scooters from 50cc to 400 cc, he said.

    Popli and senior company officials were here to launch the scooterette GUSTO in Tamil Nadu priced at Rs 48,600 ex-showroom.

    Since the launch of the GUSTO in Northern parts of the country, Mahindra Two Wheelers has sold 10,000 units.

    To a query on the company's third product, he said Mahindra Two Wheelers would launch the 300cc motorcycle "Mojo". Our next product launch which we are working on is 300cc Mojo, once that is done, we will start filling the gaps between between 110cc and 300cc..", he said.

    Mahindra Two Wheelers expects to complete deal with Peugeot Motorcycle - The Economic Times
     
  4. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
    JCB inaugurates two new factories in India
    By Zigwheels.com | 19 Nov, 2014, 06.37AM IST

    [​IMG]

    JCB, one of the leading international manufacturers of earthmoving and construction equipment, has inaugurated two new manufacturing facilities near Jaipur. These are the company's fourth and fifth manufacturing units in the country, positioned to enable JCB to keep pace with future economic growth and to strengthen its position in India's Construction Equipment Industry.

    The new factories were inaugurated by the Chief Minister of Rajasthan, Vasundhara Raje and JCB Group Chairman, Lord Bamford. Located on 115 acres of land just 35km from Jaipur city, the site is home to JCB's single largest manufacturing footprint in India. When operating at full capacity, it will employ around 1,000 people.

    Component manufacturing is already underway at one of the Jaipur plants and next year production will begin of telescopic handlers and skid steer loaders for the Indian market. The facility will also provide additional backhoe loader capacity from 2015.

    Speaking about the Rs 500 crore investment in Jaipur, Lord Bamford, Chairman, JCB Group, said: "The inauguration of the two Jaipur factories is a significant milestone for JCB, which has been making in India for 35 years and has grown to become one of India's most respected manufacturers. From small beginnings in 1979, I could never have imagined that our family business would employ 5,000 people in India making JCBs, with thousands more employed elsewhere in the supply chain. The new factories in Jaipur mean our contribution to the Indian economy will grow and I am grateful to the Rajasthan Government for their support in helping JCB make our investment ambitions a reality.,

    [​IMG]

    Vipin Sondhi, Managing Director and CEO, JCB India Ltd, said, "JCB's new facilities in the historical city of Jaipur are world-class in every respect, with zero effect on the environment both in terms of construction and operation. JCB India will be making products in Jaipur to the same world-class standard as the machines we make in our existing three factories in Ballabgarh and Pune. Our new manufacturing footprint, the strength of the JCB brand and our complete focus on the customer means that JCB India is well positioned to build on its own "Make-In-India, credentials and continue to deliver on its promise of product and service excellence to dealers and customers in India and in our growing export markets.,

    JCB India's three manufacturing facilities include the world's largest backhoe loader factory in the world, located in Ballabgarh, near New Delhi (Haryana) and two factories in Pune, manufacturing fabrications and components - mainly for export - as well as state-of-the-art heavy equipment, including large excavators, wheeled loading shovels and compaction equipment.

    JCB inaugurates two new factories in India - The Economic Times

    I looooove construction vehicles!!
     
    radioactive likes this.
  5. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
    Mercedes-Benz to launch 15 new products in India, another assembly line
    By PTI | 9 Jan, 2015, 03.36PM IST

    [​IMG]
    New Mercedes-Benz CLA-class sedan

    NEW DELHI: German luxury carmakerMercedes- Benz plans to introduce 15 new products in India this year, and pump in Rs 150 crore for adding a new assembly line for its upcoming CLA compact sedan at theChakan facility.

    "Mercedes-Benz will introduce 15 products in 2015, including products with no predecessors in India. These new products are Mercedes-Benz India's biggest product initiative till date," the company said in a statement.

    The aim is to not only retain the loyal patrons attached with the brand, but also winning new young customer groups aspiring for a Mercedes-Benz, it added.

    "The products will be feature rich variants, keeping in line with the company's strategy of bringing the right products at the right price," it said.

    Besides, the company plans to invest Rs 150 crore during the year for adding an assembly line for CLA compact sedan, expected to be launched in the country later this month.

    "Mercedes-Benz India will continue its aggressive strategy in its operations as well with an additional investment for capacity expansion in the Chakan Plant, taking the total investment to over Rs 1,000 crore," it said.

    The extended facility has secured the necessary clearances and will begin production by June, it added.

    "With this expansion, the plant will now have a capacity of 20,000 units per year, the largest for any luxury car manufacturer," the company said.

    Mercedes, which reported record sales of 10,201 units in India in 2014, also plans to enhance its dealer network by around 15 outlets in 2015.

    "The product offensive will be supplemented with an aggressive network expansion during the year. Another 15 outlets will be inaugurated in mature as well as tier II and III cities, in continuation with the 'go to customer' strategy," the company said.

    This will be the highest ever in a year for the brand in India and will continue to further expand the densest luxury car network in India, it added.

    Mercedes-Benz India, Managing Director and CEO, Eberhard Kern said: "Enriched product portfolio, future ready operations, best customer experience, enhanced touch points and efforts to be a responsible corporate citizen will be the catalysts in propelling the company towards its objective."

    Mercedes-Benz to launch 15 products in India - The Economic Times
     
  6. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
  7. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
    Ashok Leyland sales jump 48% in December
    By PTI | 3 Jan, 2015, 12.46PM IST

    [​IMG]

    CHENNAI: Auto major Ashok Leyland reported 48 per cent jump in sales at 9,290 units in December 2014.

    The Hinduja Group company had sold 6,275 units during the same month of 2013.

    Sales of medium and heavy commercial vehicles soared 85 per cent in December 2014 to 7,210 units as against 3,890 units sold during the same month of previous year, the Chennai-based automaker said in a statement.

    On sales of light commercial vehicles, the company witnessed 13 per cent decline in December 2014, to 2,080 units from 2,385 units sold in December 2013.

    Total sales during the April-December 2014 period grew by 12 per cent to 70,743 units from 63,294 units sold during the corresponding period of previous year, the statement said.

    Ashok Leyland sales jump 48% in December - The Economic Times
     
    Zeus_@21 likes this.
  8. MiG-23MLD

    MiG-23MLD Major SENIOR MEMBER

    Joined:
    Jan 18, 2011
    Messages:
    3,886
    Likes Received:
    1,467
    excellent thread
     
    Gessler likes this.
  9. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
    Increased prominence of women car buyers in India
    by Nabanita Singha Roy
    -
    A
    +

    January 8, 2015

    Read more at Increased prominence of women car buyers in India

    In 2014 and 2013, fuel efficiency (67%) was top priority for consumers when buying a car. Enhanced vehicle lifespan, safety innovation and ergonomics/comfort followed at 53%, 52%, and 49%, respectively. Use of alternative fuel technologies remains a low priority pointing to purchase decision being driven by affordability. Vehicle quality concerns have risen keeping in mind recalls. Original Equipment Manufacturers (OEMs) strive to maintain balance between product quality and cost optimisation.

    [​IMG]

    Innovations in tech-enabled connectivity between driver, car and its environment rank in the bottom 4 of 10 features that respondents think consumers will desire between now and 2020. While mobility culture grows, premium and mass market Original Equipment Manufacturers (OEMs) could dominate the field over the next decade over tech-based corporations making a headway.

    34% of survey respondents feel established premium market OEMs are likely to dominate up to 2025 and 48% believe this is somewhat likely. Automotive sector is feeling pressure from global regulatory standards focused on optimisation of traditional powertrain tech, and heavy investment into alternative drive trains. Consumers are turning tech-savvy and demand new and innovative services says Dieter Becker, KPMG’s Global Head of Automotive.

    Technology and communication industry players are likely to matter in the mobility space. As such, automotive industry players need a business model that envisions customers’ whole lives beyond their role as drivers to cater to customer interface needs.

    Indians consider fuel efficiency and safety innovations as top considerations while purchasing a car. Quality service experience during purchase is extremely important to Indian consumers. Indian companies will invest in 2 powertrain technologies over the next 5 years: 33% in downsizing and optimisation of internal combustion engines and 27% in fuel cell electrical vehicles. It’s expected, Brazil, Russia and India each will export more than a million vehicles to other markets over the next 3-5 years.

    Rajeev Singh, Head of Automotive sector, KPMG in India says Indian Automotive industry could face 2 issues. Regulatory norms are likely to get tougher on safety, emission norms, fuel efficiency, manufacturing defects and product recalls. At the same time, product life cycles are getting shortened, coupled with frequent changes in product ownership and likely emergence of new product segments.

    Growth in the second hand car market in India is a key success factor for players who enable easy exchange and increase market share. Huge investments are expected in the next few years. India hold potential for small cars and high end luxury cars, and prominence of women customers.

    59% participants feel market entry barriers or restrictions in India will decrease. Governmental interventions will decrease, and Indian auto companies are expected to invest in new plants and module/platform strategies. Investing in battery (pack/cell) technologies is not expected.

    Emphasis on fuel efficiency and enhanced vehicle lifespan reflects emphasis on the idea of total cost of ownership (TCO) for private consumers. In the next 2 years, global vehicle sales will surpass the 100 million mark, and sales will grow till the end of the decade with increased demand in emerging markets like, China.

    While cleaner technologies are a focus, many believe downsizing traditional internal combustion engines would offer best solutions in short-to-medium-term. Fuel cells are ahead of battery electric systems becoming the number two priority for investments until 2020.

    Plug-in hybrids are likely to generate most consumer demand by decade end, but the segment will comprise only 1% of worldwide engine production in 2020. By 2020, only .01% of cars are likely to be fuel cell electric cars (about 16,000 fuel cell units per annum).

    By 2020, about 10% of all mass-produced vehicles will be driverless. Self-driving cars will eb designed to offer a safer form of motoring, reducing driver error risks. Emerging market OEM’s in the mass market segment are not likely to make the top 10 by the end of this decade. German automakers are set to continue premium car segment domination.


    Read more at Increased prominence of women car buyers in India
     
  10. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
    India's car exports down, two-wheelers pick up
    By PTI | 11 Jan, 2015, 10.57AM IST

    [​IMG]

    NEW DELHI: Up against road blocks in the traditional export markets, overseas shipments of passenger cars declined by 2.65 per cent last year to 5,47,087 units.

    The industry, which faced various regulatory issues in big export markets like Algeria andSri Lanka and slowdown in Europe in 2014, had exported 5,61,972 units in 2013.

    A change in the product mix by car makers had also led to lower shipments.

    "Passenger car exports were down last year as many companies changed their product baskets. Ford exported a lot of utility vehicles in place of cars last year. Likewise, Maruti also exported quite a bit of Ertigas,"Society of Indian Automobile Manufacturers(SIAM) Deputy Director General Sugato Sen told PTI.

    Besides, traditional export markets like Europe, Sri Lanka and Algeria are not doing well thus affecting the overseas dispatches, he added.

    In Sri Lanka, the Indian car makers are facing high taxation issues while Algeria has brought in changes in the technical regulations 'overnight', thereby impacting the exports to these markets, Sen said.

    Similarly, Europe hasn't recovered from the prolonged slowdown.

    "We are doing well in Latin American countries and some parts of Africa as far as exports are concerned," Sen said.

    In order to enhance exports, car makers are also looking at new avenues and have identified about over 20 new regions to keep overseas sales ticking.

    Car exports last month stood at 60,407 units, up 24.42 per cent from 48,551 units in December 2013.

    Commenting on the two-wheeler segment, Sen said Indian manufacturers had a "good year" with overall overseas shipments at 24,75,945 units, up 22.25 per cent from 20,25,394 units in 2013.

    "We can even do better than this. The quantum of exports is very less as compared to the domestic sales. In 2014, we produced 18.5 million two-wheelers, out of which around 16 million were sold in domestic market and only around 2.5 million were exported," Sen said.

    ASEAN, SAARC and Latin American markets including Colombia and Peru are strong export markets for Indian two-wheelers.

    "We have been doing well in the two-wheeler segment for a couple of years now. Last year,Bajaj alone exported 1.56 million bikes, HMSI exported 1.9 lakh units, Hero 2 lakh units,TVS Motor CompanyBSE 0.30 % around 3.12 lakh units and Yamaha shipped around 1.72 lakh units," Sen said.

    India's car exports down, two-wheelers pick up - The Economic Times

    A lakh is a 100,000 units
     
    MiG-23MLD likes this.
  11. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
    TVS Motors December sales surge by 20 per cent
    By PTI | 1 Jan, 2015, 06.01PM IST

    [​IMG]

    KOLKATA: Motorycles, scooters and auto-rickshaw maker TVS Motor CompanyBSE 0.30 %(TVSMC) Thursday said its sales in the month of December grew by 20 percent with total sales clocking at 191,880 units.

    "Total two wheeler sales increased by 19 percent from 153,358 units recorded in December 2013 to 181,994 units in December 2014. Domestic two wheeler sales grew by 19 percent increasing from 132,664 units in December 2013 to 157,438 units in December 2014," the company said in a statement.

    In the scooter segment, sales of the company grew by 25 percent increasing from 41,817 units in December 2013 to 52,411 units in December 2014 while in motorcycles, sales grew by 22 percent increasing from 57,576 units in the month of December 2013 to 70,188 units in December 2014.

    However, in the three-wheeler segment, the sales grew the strongest at 61 per cent growing from 6,137 units in December 2013 to 9,886 units in December 2014.

    The company's total exports grew by 28 per cent with sales increasing from 25,797 units in the month of December 2013 to 32,969 units in December 2014. Two wheeler exports grew by 19 percent with sales increasing from 20,694 units in December 2013 to 24,556 units in December 2014.

    During the third quarter of the current financial year, sales of TVSMC grew 26 per cent increasing from 5.19 lakh units recorded in the third quarter ended December 2013 to 6.53 lakh units in the quarter ended December 2014.

    TVS Motors December sales surge by 20 per cent - The Economic Times
     
    MiG-23MLD likes this.
  12. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
    Tata Motors launches four 'Prima' commercial vehicles in Nepal
    By PTI | 24 Dec, 2014, 07.27AM IST

    [​IMG]

    NEW DELHI: Tata MotorsBSE 1.88 % today launched four Prima heavy commercial vehicles in Nepal in association with local partner Sipradi Trading Private Ltd.

    "The launch of these new next-generation commercial vehicles marks Tata Motors continued efforts towards changing the trucking landscape in Nepal," Tata Motors said in a statement.

    The company has introduced onemodel in the tipper segment, while the three other models have been launched in the cargo segment.

    "The launch of the Prima range in Nepal, is an important milestone in Tata Motors' continued expansion in the Nepalese market and the SAARC region," Tata Motors Head, International Business, Commercial Vehicles Business Unit, RT Wasan said.

    The drive line of all four vehicles comprises of the latest engine technology from Cummins Incwith an output of 230HP, with transmission and axle technology from leading aggregate manufacturers across the world.

    Tata Motors is India's largest automobile company, with consolidated revenues of Rs 2,32,834 crore in 2013-14.

    Tata Motors launches four 'Prima' commercial vehicles in Nepal - The Economic Times
     
    MiG-23MLD likes this.
  13. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
    Lean and mean, Tata Motors’ commercial vehicle business ready to race
    By Ketan Thakkar, ET Bureau | 17 Dec, 2014, 07.57AM IST

    [​IMG]

    MUMBAI: For Tata Motors' commercial vehiclebusiness, the past few years have been painful as sales and market share dropped in a market that too shrank. But the nation's largest maker of commercial vehicles used the slowdown as an opportunity to streamline operations and is prepared to make a comeback as the market revives, say its executives, suppliers and dealers.

    The commercial vehicle business that neededTata MotorsBSE 1.88 % to run its facilities at a minimum 50 per cent capacity to break even can now achieve that result at 35-40 per cent utilisation. While it has achieved this through cost cutting and efficiency improvement, people close to the company say it has increased capital expenditure for the next three-four years by Rs 750-1,000 crore to mainly develop new products and technologies.


    [​IMG]


    "We have the capacities in place and a strong pipeline of products. One thing we did not do was to slow down our capex on design and development," said Ravi Pisharody, executive director and head of commercial vehicle business. "The amplitude of drop reflects also on the upswing. In October and November we have grown over 20 per cent; we expect to see this momentum continue in second half, before things accelerate next fiscal year."

    The company is preparing for the revival. There are some signs of an improvement in the market, albeit on a low base as sales have fallen steeply over the past two years.

    Tata Motors' pipeline includes trucks and buses that employ new-generation technologies like anti-lock braking system, automated manual transmission, hybrid technology and new generation suspensions and axles which can last 7-8 lakh kilometers without maintenance. The company has also set a target to improve fuel efficiency by 5 per cent every year.

    In the first half of this year, Tata Motors cumulative market share has fallen by 6.5 percentage points to almost 50 per cent. While it has held on to its own in medium and heavy trucks with a share of 54-55 per cent, in the light commercial vehicle market, its share has dropped by nine percentage points to 48 per cent. Losses too are piling up at its standalone operations, with discounts adding to the pain.

    "We have seen probably the worst period, the M&HCV recovery is very important, because in terms of top line and bottom line it's a big contributor. We are going to build from whatever was the worst we have had in the last two-three quarters and it is going to get better," Pisharody said, adding that he was confident of at least holding on to the market share.

    [​IMG]

    It will be launching 100-125 products - including model variants and those with new technologies - over the next 12-18 months. The list includes the Prima LX in the 31-tonne rigid truck space, which constitutes 60-65 per cent of the overall market. In the small commercial vehicle range, the Ace family will get a new common rail engines. A new-look Marcopolo bus is also in the works.

    Lean and mean, Tata Motors’ commercial vehicle business ready to race - The Economic Times
     
    m2monty and MiG-23MLD like this.
  14. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,758
    Likes Received:
    9,679
    Country Flag:
    India
    Vibrant Gujarat: Suzuki's Gujarat plant to be ready by 2017, says Osamu
    By PTI | 11 Jan, 2015, 12.26PM IST

    [​IMG]

    GANDHINAGAR: Suzuki Motor Corp's new car manufacturing unit in Gujarat, being set up at an investment of Rs 4,000 crore, will be ready by 2017, its Chairman Osamu Suzuki said today.

    "Currently we are constructing a new plant in Gujarat... we will complete it by 2017 with the support Chief Minister of Gujarat," he said at theVibrant Gujarat, which is also being attended by Prime Minister Narendra Modi.

    He said Gujarat is "definitely superior" in terms of infrastructure development and ease of doing business and hence the company "opted Gujarat as the next location for our plant".

    SMC's plant is coming up at Hansalpur village of Ahmedabad district at an estimated investment of Rs 4,000 crore.

    The plant is being planned with an initial capacity of 1,50,000 units a year, all of which will be supplied to Maruti.

    The plant was originally proposed to be set up by Suzuki's Indian arm Maruti SuzukiBSE -0.24 %India (MSI).

    It was meant be MSI' first plant outside Haryana and third in the country after Gurgaon and Manesar. Now, it is is being proposed to be set up another wholly owned company of SMC -- Suzuki Motor Gujarat Pvt Ltd.

    The transfer of the plant had run into a controversy last year after institutional inventors in MSI opposed the move saying it would hurt shareholders' interest. This forced the company to tweak the agreement and seek shareholders approval for the same. The meeting of shareholders is yet to be called.

    In June 2012, Gujarat government had allocated 700 acres of land to MSI near Hansalpur to set up a plant. At that time, it was announced that MSI will invest Rs 4,000 crore.

    Vibrant Gujarat: Suzuki's Gujarat plant to be ready by 2017, says Osamu - The Economic Times
     
  15. MiG-23MLD

    MiG-23MLD Major SENIOR MEMBER

    Joined:
    Jan 18, 2011
    Messages:
    3,886
    Likes Received:
    1,467
    nice optimus prime
     
    Gessler likes this.

Share This Page