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:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    UVs, Scooters exports grow by over 125% in 2014
    By Nabeel A Khan, ET Bureau | 12 Jan, 2015, 08.23AM IST

    [​IMG]

    New Delhi: Utility vehicle exports from India have grown 125% in the full year 2014 at 72,603 units against 32,245 units in the same period previous year. However, domestic sales of utility vehicle between January and December '14 had gone up by 2.07% at 546,953 units compared with 535,845 units in the same period previous year, a report by Society of Indian Automobiles Manufacturers (SIAM) said

    "The growth in UVs has been driven mainly by an increase in exports of Ford EcoSport and Maruti Ertiga even as the domestic market suffered because of an increase in duty on SUVs to 30%," Sugato Sen, Deputy Director General, SIAM, told ET.

    Abudul Majeed at PwC feels that the Indian passenger vehicles market will continue to be dominated by cars, especially small cars. He attributed the drop in UV sales to a price parity between diesel and petrol apart from the new launches.

    Ford launched its EcoSport at the end of June 2013, boosting its Indian fortunes. The American carmaker exported 49,889 units, accounting for over 68% of the total export of UVs between January and December last year.

    Domestic sales of passenger cars grew 2.46% between January and December 2014 at 1,851,475 units against 1,806,965 units in the same period previous year, the SIAM said.

    Passenger vehicle sales registered a slight increase of 0.66% at 2,570,531 units in the calendar year 2014 against 2,553,788 units the previous year. While export of passenger cars declined by 2.65% at 547,087 units in the same period compared with 561,972 units exported in the same period previous year.

    Domestic sales of medium and heavy commercial vehicle (M&HC) in the full year 2014 grew marginally by 0.16%, aided by growth in the truck segment. Light commercial vehicle sales dropped by 17.25% in the calendar year 2014. The entire commercial vehicle sales slipped by 11.25% in the same period.
    [​IMG] However, scooter exports grew by 130% in January to December 2014 at 193,689 units compared with 84,017 units in the same period previous year. Motorcycle exports declined by 2% at 2,176 units against 2,235 units previous year in the same comparative period.

    "Despite long waiting period in the domestic market, some manufacturers are enhancing exports to balance the currency fluctuation," Sen said. Though Honda Motorcycles & ScootersIndia has a backlog of 70,000 units in the scooter segment, it stepped up its exports this year, followed by HeroMoto Corp and TVS.

    Hero Pleasure has been the highest exported model between January and November 2014 at 76262 units followed by Honda Dio.

    Scooters performed strongly in the domestic market, recording a growth of 28.9% at 4,326,294 units between January and December 2014 compared with 3,356,584 units in the same period previous year.
    [​IMG] Domestic sales of motorcycles also grew by 6.21% in the full year 2014 at 10,913,003 units against 10,275,001 units in the same period previous year. Total two-wheeler domestic sales recorded a double digit 11.52% growth at 16,013,447 units in the same period compared with 14,358,632 units in the same period previous year.

    While the three-wheeler segment also recorded a strong growth of 6.03% at 531,151 units in 2014, compared with 500,922 units in the same period previous year.

    The strong growth registered in two-wheeler and three-wheeler segment resulted in overall automobiles sales going up by 8.95% between January and December 2014 at 19,721,361 units compared with 18,100,665 units in the previous year.

    UVs, Scooters exports grow by over 125% in 2014 - The Economic Times
     
  2. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    Jaguar to launch offroader to enter ultra hot luxury SUV segment
    By Reuters | 12 Jan, 2015, 10.34AM IST

    [​IMG]

    FRANKFURT: British car maker Jaguar , known for its sporty sedans, will launch the F-PACEoffroader in 2016, entering the ultra popular segment of the luxury sports utility vehicle in a radical departure for the 80-year-old brand.

    Luxury SUVs have long been built by parent company Jaguar Land Rover, which already owns the Range Rover brand, in what has become a popular segment among women and family buyers.

    "The F-PACE is our family sports car," Ian Callum, Jaguar's director of design said.

    The company is also launching two diesel powered Range Rover models in North America in 2016 with new engines promising fuel savings of up to 30 percent when compared with gasoline engine powered models.

    Sunday's announcements, made during the Detroit auto show, mark further expansion by the British automaker, which has gone from being loss-making to a major profit-maker since it was bought by India's Tata MotorsBSE -1.14 % in 2008.

    The move comes as Jaguar Land Rover continues a broad expansion plan, which includes widening its model range, boosting volumes and expanding production away from Britain.

    The fast-growing luxury car segment has traditionally been dominated by German brands Audi,BMW and Daimler's Mercedes-Benz, but JLR is among those seeking to take a bigger slice of the lucrative market.

    The firm, which saw global sales rise by 9 percent in 2014 to over 460,000 vehicles, launched its cheapest car ever in Britain, the five-door model XE sports sedan last autumn as part of plans to attract younger and female customers.

    "With...the introduction of the new Jaguar XE and the Land Rover Discovery Sport, we anticipate retailing over half a million vehicles for the first time in the company's history," Group Sales Operations Director Andy Goss said.

    The firm said its 2014 global sales grew across all regions increased with the biggest rise recorded in the China region where volumes rose by 28 percent to just over 122,000 units.

    Jaguar Land Rover did not disclose pricing for the new SUV.

    Jaguar to launch offroader to enter ultra hot luxury SUV segment - The Economic Times

    News regarding brands that are fully or partially owned by any one of the Indian automobile makes/conglomerates, such as Jaguar
    Land Rover, Hispano Carrocera & Daewoo Commercial Vehicles (Tata), SsangYong (Mahindra), KTM/Husqvarna (Bajaj Auto) shall
    be included in this thread.

    In the latter case of Austria-based motorcycle maker KTM, only 47% stake is held by India's Bajaj Auto, but some of it's product
    line-up such as the KTM 200 Duke sports bike are exclusively manufactured & exported only from Bajaj's plants in India. In such cases,
    only the news regarding that particular model shall be posted. Same also applies to models such as the Hyundai i10 hatchback...wherein
    Hyundai does not have any Indian stakeholders but the model is exclusively built & exported from India-based plants of the company.
     
    Marqueur likes this.
  3. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    Hero MotoCorp's global sales cross 200,000 in 2014; plans afoot to expand to 50 markets by 2020
    By Chanchal Pal Chauhan, ET Bureau | 12 Jan, 2015, 04.00AM IST

    [​IMG]

    NEW DELHI: Hero MotoCorp, the world's largest two-wheeler maker by volume, has sold more than 200,000 units outside of India in 2014, the highest ever in a year by the company. The company's international sales rose to 201,245 two-wheelers in the past year, close to 50% more than the 135,184 units it sold in 2013.

    Overseas sales still account for a small portion of its volume - 2014 sales totaled 6.65 million units, up 8% from the previous year. But the company has ambitious plans to expand internationally, and is targeting as much as 10% of the 12-million-unit sales it projected by 2020 to come from outside India. By that time it wants to be present in as many as 50 markets, about two-and-half time the current number.

    "Sri Lanka has contributed the largest chunk of volumes in achieving this growth. We have also had good sales in our other markets such as in Bangladesh and Latin America," Head of Global Business Deepak Mokashi told ET. In just over three years since separating from erstwhile partner Honda Motor to commence its solo journey,Hero MotoCorpBSE -1.12 % has expanded its presence across Asia, Africa as well as Central and South America.

    In addition to the home market, Hero MotoCorp products sell in Sri Lanka, Nepal and Bangladesh in Asia; the transcontinental nations of Egypt and Turkey; Kenya, Mozambique, Tanzania and Uganda in East Africa; Burkina Faso, Ivory Coast, Democratic Republic of Congo and Angola in West Africa; Ethiopia in North Africa; Peru, Ecuador and Colombia in South America; and Guatemala, Honduras, El Salvador and Nicaragua in Central America.

    Hero MotoCorp is building manufacturing plants in Colombia and Bangladesh. In partnership with its local distributors, it has also set up assembly units Kenya, Tanzania and Uganda.

    "Our fully owned subsidiary in Colombia will act as a hub for selling to the Andean countries and to Central America. It can also be a strategic base for shipping to North American markets whenever we decide to launch our products there," Mokashi said.

    The subsidiary - HMCL Colombia SAS - has been incorporated in the industrial city of Cali, 300 kilometers west of that country's capital city of Bogota. Of the project cost of $70 million, Hero will invest $38 million in capex, while the rest will be utilised as working capital over the next three years. The equity investment is being made through the company's wholly owned subsidiary in the Netherlands.

    The facility, spread over 17 acres at the Parque Sur Free Trade Zone in Cali, is expected to go on stream this year with an initial installed capacity of 78,000 units. The capacity will be raised to about 150,000 units by 2017-18, Mokashi said.

    Hero MotoCorp's global sales cross 2 lakh in 2014; plans afoot to expand to 50 markets by 2020 - The Economic Times

    They'll be in Mexico soon enough! @MiG-23MLD
     
    Last edited: Jan 12, 2015
    Marqueur likes this.
  4. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    US Secretary of State John Kerry visits Ford India's Gujarat plant
    By PTI | 12 Jan, 2015, 04.28PM IST

    [​IMG]

    SANAND: US Secretary of StateJohn Kerrytoday visited auto major Ford India's upcoming manufacturing plant at Sanand in Gujarat that will double the company's production capacity in the country.

    "Ford's upcoming plant at Sanand is envisioned as a state -of-the-art facility and recently played host to Secretary of State John Kerry on the sidelines of a visit to Gujarat," a Ford Indiaspokesperson said in a statement.

    Kerry visited the plant as part of his trip to Gujarat to attend the 7th Vibrant Gujarat Summit.

    Earlier in the day, while addressing the summit Kerry said: "For both India and the United States, investing in each other's success is frankly in both of our interests. It is really a smart, strategic bet for both the countries."

    This is Ford's second plant in India. The company is investing USD 1 billion to set up the facility which is expected to go on stream by the end of first quarter of 2015.

    The plant will have an installed capacity of 240,000 vehicles and 270,000 engines annually.

    With completion of the Sanand plant, Ford India will have a total installed capacity of rolling out 440,000 vehicles and 610,000 engines every year.

    Ford currently has a manufacturing plant in Chennai. "Seen as a symbol of US-India cooperation and Ford's commitment to India, Ford's Sanand plant in Gujarat is gearing to be fully operational, with vehicles and engines rolling off the assembly line by the end of first quarter in 2015," the spokesperson said.

    Ford India plans to utilise the plant to expand its exports from the country. With new facility in place, the company plans to dispatch vehicles to over 50 global markets. Currently it exports to around global 35 markets.

    US Secretary of State John Kerry visits Ford India's Gujarat plant - The Economic Times

    [​IMG]

    [​IMG]
     
  5. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    Hyundai sets sights on 500,000-mark, to unveil plans new versions of Verna and i20
    By Ketan Thakkar, ET Bureau | 13 Jan, 2015, 01.46AM IST

    [​IMG]

    MUMBAI: South Korean carmaker HyundaiMotor has lined up a slew of new models, especially in the utility vehicle segment, for theIndian market this year as it seeks to cross the half-a-million sales mark in the country by 2016. To achieve the target, the Indian unit of the carmaker is aiming to grow its sales this year at 14% to 465,000 units, or double the predicted growth rate of the market.

    To outpace the market, the company will be launching the new Verna in February, followed by the i20 crossover in April and a compact sport-utility vehicle (SUV), codenamed GCi, in the festival season of 2015.

    Bo Shin Seo, CEO and MD at Hyundai Motor India, told ET in an exclusive interview that the company has set an aggressive target for itself as it expects the Indian automobile market to do better in 2015 compared with the previous year.

    "We increased our market share in 2014, but we are not satisfied as yet. With the new Verna and a compact SUV coming in, we will look at increasing the market share further.

    The improving sentiment and probable cut in interest rate on the anvil, we are hoping for an even better year in 2015," said Seo. Volumes at Hyundai Motor India grew 7.5% at 411,000 units in 2014.

    At 21.6%, the company had the highest market share in the passenger cars segment. Hyundai,Maruti SuzukiBSE 0.32 % and Honda Cars India were among the few automobile makers that outpaced the passenger vehicle market sales in 2014, which closed at sub-5% growth.

    Aware of the rising competition, Seo said he would be happy to hold on to the market share in the car space, but would like to improve the overall passenger vehicle market share with incremental volumes coming from SUV.

    Rakesh Srivasatava, senior vicepresident, sales & marketing at Hyundai Motor India, said just like the passenger car space, Hyundai will be a strong challenger in the utility vehicle (UV) segment "With our compact SUV coming in, we will be looking at a fairly significant share in the space," said Srivastava. "In the first year, we would like to grab at least 5% share, which may help us increase our passenger vehicle market share by 1% in 2015."

    [​IMG]

    Hyundai's i20 cross will take on the Fiat's Avventura and Etios Cross, whereas the compact SUV will take on Renault's Duster. As for MPV, which is planned for 2016, Hyundai is yet to finlaise the price point or segment it intends to cover the people mover.

    Gaurav Vangaal, senior analyst at IHS Automotive, said even though Hyundai Motor India has been aggressive with new product launches over the last two years, the growth rates have been a below expectation, given that it has had three blockbuster product launches over the last 12-18 months.

    "Last two years have been about the survival of the fittest and both Maruti and Hyundai have come out on top, but not without a challenge or pain," said Vangaal. "The target of half million sales for Hyundai is quite possible with new segment of affordable UVs opening up volumes for the company, but the sluggish sales of Xcent may offer a cause of concern." With exports of Europe being moved to Turkey, Seo said the company has enough capacity to meet the demand for the next two years, silencing speculations of the company investing in a new plant. Hyundai would look at utilising the complete capacity of 700,000 by 2016-17, he said.

    "We are investing in new products and technologies, but we don't need to invest in new capacity. As for expansion of capacity, for the HQ, the priority is China, where two new plants coming up in 2015. We have adequate capacity to meet demand in India for both domestic and export," added Seo.

    Hyundai sets sights on 5-lakh mark, to unveil new versions of Verna and i20 - The Economic Times
     
    Anees likes this.
  6. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    Affordable Compact SUVs Coming to India By 2015
    By: Vikas Yogi | Updated: January 12, 2015 13:59 IST

    We have seen the interest for compact SUVs in India grow by a great margin since the launch of Renault Duster in 2013. Then came the EcoSport, which took the madness for these urban SUVs to a whole new level. Keeping the spirit alive, here is a list of all the affordable compact SUVs expected to be launched in India by 2015.

    Maruti Suzuki XA Alpha

    [​IMG]

    The Maruti Suzuki XA Alpha is undoubtedly the most awaited compact SUV in the Indian car market, thanks to the 'Maruti Suzuki' badge. First unveiled as a concept at the 2012 Delhi Auto Expo, the XA Alpha will be a sub 4-metre compact SUV and will be pitched against the Ford EcoSport. Considering the growing interest for compact SUVs in the market, Maruti Suzuki India needs to launch this product soon.

    Engine- The XA Alpha is expected to feature the Fiat-sourced 1.3-litre multijet diesel mill, which also powers many other Maruti cars, including Swift and Swift Dzire. If reports are to be believed, Maruti Suzuki India is also working on its own diesel engine line-up, which, if ready on time, might be fitted in the XA Alpha. However, that's a distant possibility, at least for now.

    Expected Price-Rs. 6.50 lakh - Rs. 10 lakh

    Hyundai ix25

    [​IMG]

    Hyundai India, the second biggest carmaker in the country, understands the importance of the compact SUV segment very well, which is also why they need a compact SUV in their line-up soon. The South Korean carmaker has already started testing its upcoming compact SUV, the ix25, in India and hopes to achieve an aggressive pricing by higher level of localisation.

    Engine -The ix25 could come powered by the same 1.4-litre VTVT petrol and 1.4-litre CRDi diesel engine options that also do duty on the Hyundai Verna.

    Expected Price-Rs. 7 lakh - Rs. 10 lakh

    Honda Brio-based compact SUV

    [​IMG]

    Honda Cars India has seen a steep rise in its market share ever since the launch of its first diesel car - Amaze, which was also the company's second mass-segment vehicle (Brio being the first). Then came in the new-generation Honda City, which helped the company further increase its share. Now, with the new-generation Jazz all set to launch, the company's next target is the compact SUV segment. At first rumours were rife about Honda's plans of bringing in the Vezel, but since it measures above four-metres in length and is a more premium product, it wouldn't exactly be the cost-effective option the company is looking for. Consequently, the company is said to have been working on a compact SUV based on the Brio platform. If you didn't know already, the Amaze is also built on the same platform.

    Engine- The Honda Brio-based compact SUV is expected to employ the same 1.2-litre i-VTEC petrol and 1.5-litre i-DTEC diesel mill, which also power the Amaze.

    Expected Price-Rs. 6.50 lakh - Rs. 10 lakh

    Mahindra S101 and U301 compact SUVs

    [​IMG]
    [​IMG]

    India's largest SUV maker, Mahindra & Mahindra, has plans to roll out a couple of more SUVs in the country, out of which, one will be a sub-compact SUV (codenamed S101) and the other will be a compact SUV (codenamed U301). While the S101 will be priced in the range of Rs. 4.5 lakh - Rs. 6.5 lakh, the U301 might be launched in the price bracket of Rs. 6.5 lakh - Rs. 8.5 lakh. Since the company has already started testing these vehicles in India, we expect these to be launched by mid-2015.

    Engine-Both the SUVs might use the same 1.5-litre diesel mill that powers the Quanto. The company, along with SsangYong, has been also working on a 1.2-litre petrol engine.

    Expected Price-Below Rs. 4.5 lakh - Rs. 6.5 lakh (S101) & Rs. 6.5 lakh - Rs. 8.5 lakh (U301)

    Volkswagen Taigun

    [​IMG]

    Showcased at the 2014 Delhi Auto Expo, the Taigun compact SUV concept looks good with a twin-split grille, rear-mounted spare wheel, roof rails, rugged side-cladding and a low height. The Taigun is based on a stretched version of the PQ12 platform, on which the company's Up! hatchback is also built. Though there is no clarity if Volkswagen will launch the compact SUV this year or the next, we believe that the Taigun-inspired SUV at an affordable price might work in favour of the German carmaker.

    Engine- The Taigun-inspired SUV is expected to feature a new 1.0-litre turborcharged TSI petrol engine, which will develop 105bhp and 175Nm of peak torque.

    Expected Price-Rs. 8 lakh - Rs. 10 lakh

    Affordable Compact SUVs Coming to India By 2015 - News
     
  7. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    SsangYong launches compact SUV Tivoli; first all new vehicle after M&M takeover
    By Ketan Thakkar, ET Bureau | 13 Jan, 2015, 11.39AM IST

    [​IMG]

    SOUTH KOREA: Four years after Mahindra & Mahindra took over SsangYong Motor Company, the South Korean SUV maker has launched its first all new vehicle TivoliBSE 0.00 %priced at $15,000 to $21,500 on Tuesday.

    Confident of its success, SsangYong Motor Company has further committed 1 trillion won (or 915 million dollars) in the business for the coming three years.

    The compact SUV - based on X100 platform - has been built at an investment of 350 billion won (or 320 million dollars). The company aims to sell 1,00,000 units of Tivoli, with almost 60,000 units marked for export markets like China, Europe and Latin America. It may eventually be rolled out in the North American market, paving way for its entry into the US.

    The vehicle will take on the likes of Chevrolet Trax and Renault Captur in the domestic market, and Nissan Juke and Opel Mokka in Europe.

    [​IMG]

    Launching Tivoli on Tuesday, Yoo il Lee, CEO of SsangYong Motor Company said that the SUV marked a new journey for the company.

    "Tivoli is a strategic global model in SYMC and has been developed with great devotion in the last four years since the acquisition. It will be a cornerstone for the company to become a global SUV maker," he said.

    Led by the new launch, SsangYong is aiming to grow its domestic sales by over 14% in 2015 to 80,000 units in a market, which is expected to remain flat or grow in lower single digits. The plan is to produce about 1.6 lakh units (for both domestic and export markets). The company is likely to launch the vehicle for the European market at the Geneva Motor Show in March.

    To begin with, the vehicle will be available with 1.6 litre petrol engine. The company eventually intends to add a diesel power train along with the longer wheel base version.

    Post the takeover, SsangYong Motor Company has not only grown volumes by over 70% in the last four years, but it has come close to break-even a whole year ahead of the plan. SsangYong has already strengthened its balance sheet and is meeting the future capex of $1 billion on its own.

    Anand Mahindra, chairman of Mahindra Group, said that Tivoli marked a significant milestone in the growing partnership between the two companies.

    Speaking to a gathering of over 800, including dealers, distributors and media persons from across the world, Mahindra said, "We believe in the future of SsangYong. We are here for the long term and will do whatever it takes to fulfill SsangYong's goal. We will try to do this sooner rather than later."

    He said that he has set for himself two personal missions to Korea. The first is to ensure the well being of its 4500 members and their family and secure their future. Second is to bring back the company's past glory.

    [​IMG]

    Mahindra also believes that Ssangyong can be a good jumpstart for Mahindra Group in the US, with its probable entry a few years down the line.

    Ahead of Mahindra's visit to Seoul, there were protests from workers who were expelled in 2009. When it came to taking back old employees, Mahindra said he was deeply concerned about them and their families.

    "As part of the Mahindra culture, we have empowered the local management led by Mr Lee and expect them to take a decision on that. It would be irresponsible for me to take short term decisions reacting to short term pressures and jeopardize almost 5000 people working with us," added Mahindra.

    Mahindra cautioned that SsangYong is still fraught with challenges and turnaround is not complete. One way to deal with this is by launching new innovative vehicles like Tivoli.

    "Let me say this categorically that at Mahindra Group, we believe in sharing prosperity, and in order to share, you first have to create it,"he added.

    Pawan Goenka, Chairman of SsangYong Motor Company said that nothing can change the fortune of an automotive company faster than the launch of a successful brand and Tivoli has all the virtues to make it successful.

    Due to the fall in Russian market where SsangYong has a strong position, the South Korean SUV maker posted 2.3% decline in sales for 2014 at 1.39 lakh units. While its exports posted a decline, the domestic sales of the company posted a growth of 7-8% to 68,000 units.

    SsangYong launches compact SUV Tivoli; first all new vehicle after M&M takeover - The Economic Times
     
    Anees likes this.
  8. Anees

    Anees Lt. Colonel ELITE MEMBER

    Joined:
    Jan 14, 2012
    Messages:
    5,694
    Likes Received:
    3,268
    Country Flag:
    United States
    Since every one is going for so called "compact SUV", to get road presence, I am going to buy a Military Tank :troll:
     
    Marqueur likes this.
  9. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    Horrible fuel economy beware :partay:
     
    Anees likes this.
  10. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    Tata Motors global sales up 8 per cent in December
    By PTI | 13 Jan, 2015, 09.00PM IST

    [​IMG]

    NEW DELHI: Tata MotorsBSE -0.55 % today reported 8 per cent increase in global sales, including Jaguar Land Rover, at 85,742 units in December 2014.

    The company had sold 79,220 units in December 2013. In the passenger vehicles category, the global sales last month were at 55,145 units as against 49,721 units in December 2013, up 11 per cent, Tata Motors said in a statement.

    Sales of luxury brand Jaguar Land Roverincreased by 7 per cent to 42,962 units in December as compared to 40,244 units in the same month last year.

    Sales of commercial vehicles increased by 4 per cent in December 2014 to 30,597 units from 29,499 units a year ago.

    Tata Motors global sales up 8 per cent in December - The Economic Times
     
  11. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
  12. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    NCR colleges test a robot that can park your car
    By TNN | 17 Jan, 2015, 03.42PM IST

    NOIDA: As the number of cars on the road multiplies, finding a parking spot in the city has become increasingly difficult. Wouldn't it be nice if a robot valet could reduce the hassle of finding a parking space and park your car for you?

    The faculty members of nine NCR tech colleges may have found a solution. On Friday, they demonstrated a prototype for a robot which would facilitate fully automated car parking without any input from the driver. The demonstration was part of e-Yantra, an IIT-B initiative to spread education in robotics and embedded systems, which is being sponsored by the ministry of human resource development. It was held at MGM College of Engineering and Technology in Noida, which is a nodal centre for the programme.

    The colleges had developed the model, where the robot was equipped with a sensor which would scan the parking lot for vacant spots and on finding a place; it would park the car in the selected spot. The project is still in its initial stages and the exact mechanism is yet to be worked out. A similar automated system is already in place in Dusseldorf airport in Germany, which uses a forklift and an array of sensors and radar system to park the cars.

    Krishna Lala, senior project manager of e-Yantra Project of IIT Bombay, said that the project is for education and research purposes. "The respective college may develop it further for commercial use," she said. Sanjay Malhotra, vice-principal of Delhi University's Rajdhani College, a participant said,

    "The project is at initial stage and there are some technical problems. But it will help to ease parking problem if implemented," he said.

    Other colleges that participated included Ghaziabad's Ideal Institute of Technology andIndraprastha Engineering College and Greater Noida's Sharda University'sSchool of Engineering and Technology.

    NCR colleges test a robot that can park your car - The Economic Times
     
  13. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    Bosch opens sixth manufacturing plant in India
    By PTI | 22 Jan, 2015, 05.09PM IST

    [​IMG]

    NEW DELHI: German auto components giantBosch today inaugurated its sixth manufacturing plant in India in Tamil Nadu.

    The plant, which has come up at Gangaikondan, will facilitate the company's Gasoline Systems business to further localise manufacturing and increase cost-competitiveness.

    "It is important for our Gasoline Systems business division to have a strong manufacturing foot-print in an important and growing market like India," Bosch Ltd Managing Director Steffen Berns said.

    The extended local production capabilities in this new location will help Gasoline Systems to further grow its market share with a competitive product portfolio, he added.

    The plant has come up with an investment of around Rs 50 crore and is spread across 6,500 sq mts of built up area.

    "The new plant is an important part of Bosch's strategy to enter the competitive two-wheeler market in India with electronic fuel injection systems," Bosch Regional President Gasoline Systems, Sandeep N said.

    The facility will produce power train sensors, fuel delivery modules and air management components for automotive and two-wheeler systems, he added.

    Prior to the inauguration of this new manufacturing facility, Gasoline Systems division shared the Bosch Naganathapura manufacturing facility for its local production.

    Bosch scrip closed at Rs 21,698.90, up 0.20 per cent, on the BSE.

    Bosch opens sixth manufacturing plant in India - The Economic Times
     
  14. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    Tata Motors eyes double digit growth in FY-16
    By Ketan Thakkar, ET Bureau | 23 Jan, 2015, 08.03AM IST

    [​IMG]

    MUMBAI: Tata MotorsBSE 2.31 % on Thursday launched the Bolt, a premium hatchback that the nation's largest automobile manufacturer by revenue hopes would play a key part in driving it back to the path of high growth.

    The Bolt, priced at Rs 4.44 lakh to 6.99 lakh before local levies and insurance in New Delhi, is pitted against car market leader Maruti Suzuki's Swift and Hyundai's Grand i10 andElite i20. The launch comes after Tata Motors last year introduced a compact sedan, Zest, which has seen decent demand from car buyers.

    Led by the Bolt launch and two more offerings expected in 2015, Tata Motors is aiming to outpace the local auto market in the next fiscal year starting April with double-digit growth, saidMayank Pareek, president of its passenger vehicle business.

    Tata Motors has been one of the worst hit from a severe slowdown in India's automobile market. While companies like Maruti, Hyundai and Honda have shrugged off the effect and posted impressive growth in the past several months, Tata Motors continued to see falling car and utility vehicle sales until December, when demand for the Zest helped it return to the positive territory after more than two years.

    On Thursday, the company's shares outpaced the market, closing 2.7% higher at Rs 566.30 in the Mumbai market that gained 0.4%.

    For the first time in its history, the company had reached out to thousands of prospective buyers through a number of product clinics and also engaged consulting firm JD Power to give feedback throughout the development stages of the Bolt. While the new car is based on the X1 Vista platform, Tata Motors claims the Bolt is 90% new.

    Pareek said he is aware of the intense competition in the premium hatchback segment. The segment is large and no serious player can ignore it. "It is a no brainer. We have to enter the space. Since we are entering late it (Bolt) has to be with a far superior product. Bolt has got features which are unheard of in this category, multi mode drive, sports drive, eco-drive, 9th gen ABS even before regulations are enforced, touch screen infotainment system seen in luxury cars," he said.

    Pareek, who joined the company a little over 100 days ago from Maruti, said Tata Motors would bring a slew of new products and move towards segmented marketing. It is embarking on a dealership expansion drive, which will take the number to 1,500 in three years from 450 now. Maruti has a network of more than 1400 sales points now.

    Pareek who has been with Tata Motors for around 110 days says, engaging with customers is the key and he himself had visited all the dealerships of Tata Motors in Mumbai to understand the reception to Bolt.

    The company said the response to the Bolt has been strong so far. In three weeks since opening bookings, the company has got 50,000 enquiries, 10,000 test drives requests and 1,500 bookings. According to Pareek, typically 40% of test drives get converted into sales and he sees all the numbers going up with the price announcement.

    Learning lessons from Zest, Pareek has ensured that the cars have reached all the dealers across the country so that the company makes the most of the opportunity and customers don't have to wait. In order to create the buzz, the company had begun promotion activities across 136 locations three weeks prior to launch.

    Pareek said unlike in the past, the Zest and Bolt are targeted at personal buyers and the company is changing the way it sells cars. Several of its previous offerings were used as taxis.

    Through its dealers, Tata Motors recently hired more than 1,250 people specifically to push Bolt sales. They are largely recruited from the services industry - hospitality and aviation. These people are not only trained on technical aspects of automobile, but a lot of emphasis is being put on softer aspects of greetings and communication.

    With volumes contributing from the new Zest, the company's sales grew in December, the first time since September 2012. It sold 16,418 units of the Zest until end-December and incremental volume from the Zest had been 20-27% of total volumes in the past five months. Its market share has dropped to 5.32% in December compared to almost 15% in 2011.

    People close to company say the response to the Bolt has been higher than Zest and the company is planning to sell an average of 3500 to 4000 units a month.

    Without declining to state any numbers, Girish Wagh Sr VP program planning and project management for Passenger Vehicles Business Unit said, "I can't give you any numbers, but we have always mentioned that we want to be amongst the top three, so even in the segments we launch new products, we want to be in the top three space, that is our goal."

    Piyush Jain, research analyst at Morningstar Investment Advisor said, he expects Zest and Bolt have a potential to reach 50,000 units each per year on a conservative basis. Along with incremental volumes from the new cars total passenger car sales volumes is expected to touch nearly 200,000/yr in coming few years.

    "It would help company to increase the capacity utilization in PC space to move up to 40% of 25% presently. This would help company to minimize the losses in the domestic unit," added Jain.

    Tata Motors eyes double digit growth in FY-16 - The Economic Times
     
  15. Gessler

    Gessler Lt. Colonel Technical Analyst

    Joined:
    Mar 16, 2012
    Messages:
    9,745
    Likes Received:
    9,635
    Country Flag:
    India
    Mahindra completes 51% stake acquisition in Peugeot Motocycles
    By PTI | 21 Jan, 2015, 10.13AM IST

    [​IMG]

    NEW DELHI: Mahindra Two Wheelers today completed the 28 million euro acquisition of 51 per cent stake in Peugeot Motocycles (PMTC), a part of the euro 54 billion France-based PSA Group.

    Under the terms of the agreement, Mahindra Two Wheelers Ltd (MTWL) has infused euro 15 million into PMTC to finance projects implemented through the strategic partnership and has also bought shares held by PSA which would allow MTWL to take a 51 per cent stake in PMTC.

    Commenting on the completion of the acquisition, Mahindra & Mahindra Executive Director, Pawan Goenka said, the company is committed to the long-term growth of Peugeot Motocycles and are confident that this relationship would be one of mutual respect, trust and learning.

    "This partnership would enable both MTWL and PMTC to speed up their international expansion by driving synergies and leveraging respective strengths. It is our intention to work closely to enable a win-win for both partners," he added.

    The Mumbai-based firm had announced to acquire stake in PMTC in October last year.

    "The acquisition, which resulted in the satisfaction of all regulatory, legal and financial conditions of the agreement, was completed smoothly by both parties within a very short span of time," the company said.

    As part of the employee dialogue process and Anti-trust law, the Works Council consultation process has also been successfully completed, it added.

    The new board of PMTC has been formed with Mahindra's Goenka, V S Parthasarathy and Rajesh Jejurikar being a part of it. From PSA, Maxime Picat, Chief Executive Officer, Peugeot Brand and Emmanuel Delay, Executive Vice President, Operational Director, India-Pacific are part of the board.

    PMTC, a key player in urban mobility in Europe for 116 years, is the oldest motorised two-wheeler manufacturer in the world.

    It offers a range of scooters and mopeds, from 50cc to 400cc, including the three wheeled scooter - Metropolis - in the European market.

    Mahindra completes 51% stake acquisition in Peugeot Motocycles - The Economic Times
     
    Marqueur likes this.

Share This Page