Auto India, Car India

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Volvo on Wednesday launched a new model of its luxury SUV XC90 in India. Volvo also decided to bring its latest compact crossover XC60 in Indian market after its reveal in Europe next month.

Recently Tata Motors moved its Nano project from West Bengal to Gujarat. The latest e-car, Oreva Super to be unveiled seems to cause strong competition to the world’s cheapest & most awaited car, Nano. The Ajanta Group, just declared the future launch of one more cheapest car in Indian market - Oreva Super.

Honda Motorcycle & Scooter India has launched the limited edition Unicorn Grand Prix.

What is new about the latest Unicorn is that it offered with the bright racing blue, green & white colors and graphics without change in engine, gearbox & suspension. The Grand Prix will be priced at Rs. 59,290 at ex-showroom, Delhi.
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Volkswagen is planning to bring its most popular model Caddy in India as the low priced taxi for an urban use.

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In India, cars sales are slowing down. As per the SIAM numbers for the first half of the year (Apr-Sept), the sales only increased by 5.39% with respect to the same period last year.

This 5.39% number came when the dealers are giving a lot of festive discounts and even car companies are passing on the discounts. Recently many new cars are launched. Some of the worst hit companies are Maruti, Tata and Hindustan Motors. Maruti 800 saw 17% decline in these 6 months sale (33% decline for September 2008). Tata Indica saw 28% decline in the same six months (24% decline for September 2008). HM sales figures are also down by 24%.

These slowdown in the sales of the cars are being seen due to higher car loan interest rates and liquidity crunch in the market. Stock market is also at 50% of its peak. Many people have lost big money in the market. Some people are expecting a slowdown in the overall economy. So they are trying to save instead of spending on the cars.

This situation is not going to get better in near future.

Honda has revealed its new CBF 125 at the Intermot Colonge Show’08. The motorbike is similar as the Indian model CBF Stunner. The styling remains the same with some minor changes in features and absence of kick start.

Luminous Power Techs, the Power Storage maker, will be unveiling their e-scooter ‘Lectrix’ next month and targets to sell approx. 23K scooters by a next year.
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Bentley has announced to launch the best car in their whole lineup, Continental GT Flying Spur “Speed” in India.

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Maruti Suzuki is ready to launch new Maruti A-Star in Indian market in November. The company now planning to launch their new hatchback model- Suzuki Splash by 2009. The car will be placed between Maruti Swift and Zen Estilo. The new car will be priced approximately Rs. 3.5 lakh.

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HM and Mitsubishi Motors have launched their Outlander SUV in Indian market. The Outlander is priced at Rs 20.2 lakh at ex-showroom.