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India’s leading car maker Maruti Suzuki Company reported its huge quarterly net gain, huge as compared to the industry estimates, greatly hit due to the labour unrest at its main plants and increasing interest rates in the third biggest economy of Asia. Two things have greatly affected on the earnings of Maruti such as a slowdown in the Indian economy and increasing competition, even if the resolution of labour unrest, which began in the month of June was a positive according to analysts.
Every second, Maruti produced new passenger vehicles and sold in the month of September in India accounted for just 40% of sales according to the information that got from the company. Continue Reading »
During the festive season the sales of the cars increase and now, as the festive season has come to an end, the real battle for the car makers is about to begin. They have to fight against the ever-increasing interest rates and hike in the petrol prices. This time the discount rates and other promotional activities may not be of much help in boosting the sales.
The bankers and the executives of the various car companies feel that the situation after the festive season can get worse. Mayank Pareek, the managing executive officer at Marti Suzuki observes that “The festival season was already lukewarm. On top of that, the constant rate hikes by banks will only add further gloom at a time when we are entering a leaner period. This is too bad.” Continue Reading »
The British sports car-maker, Caterham Cars is all set to enter into the Indian market. It launched its cars in association with Burmans, the promoters of Dabur, an FMGC company. The company announced this at the inauguration of Indian Grand Prix. The Burmans want to start an assembly unit in Noida and also invest almost $ 10 million in this enterprise over a period of next two years.
Caterham Cars Managing Director Ansar Ali said, “We think we are entering India at the right time when the country is set to host its first Formula One race. Caterham being motorsports oriented, we think we can provide an affordable option to motorsports enthusiasts here.” Continue Reading »
When Tata bought the Land Rover, it became big news for the automobile industry. The company is all set to create waves in the Indian market when it launches Range Rover Evoque in the Indian market. This SUV from the James Bond movies will be launched in November. So the Indian buyers can now buy the Land Rover Evoque from next month onwards. There are three derivatives of the car and all of them are equally classy in looks; the Pure, Prestige and Dynamic spoil their owners with a wide range of choices and technology.
The Range Rover was hailed as the car of the year 2011 in Glasgow, proving that along with stylish looks, it also has powerful engines. Another good thing about the car is that buyers can choose between diesel and petrol variants. The 2.0 litre Si4 petrol engine is very light weight and has an all-aluminium unit that has a latest direct injection technology and various other features that can make other jealous. The 2.2 litre SD4 turbo diesel engine delivers an excellent torque. The petrol engine can generate a maximum power of 240HP and 340Nm of torque. The diesel engine is capable of producing a torque of 420Nm and a power of 190HP. So no matter you buy a petrol or a diesel variant, there will be an assurance that you drive in luxury. Continue Reading »
Toyota India, the country’s seventh largest car maker takes pride in attaining the number one position in the manufacturing zero-defect vehicles in the past two years. The car maker has been able to attain this position for the past two years.
The global team of the company conducts a random check of the units manufactured in various plants. This team rated the Toyota’s vehicles made in India as number one for the past three years. The parent company headquartered in Aichi has more than 50 manufacturing plants across the globe and the manufacturing plant in India was rated number one from amongst plants. Continue Reading »
After the success of Sunny, Nissan now plans to launch four more models in the next twelve months. Although the Japanese car maker has launched only five cars in the past four years, it plans to innovate and introduce new models in the country. It also plans to launch a small car that would be priced well below Micra and will target the lower segment of 3.5 lakh; most of the car companies in India decipher this move as a drive to success in the country.
The various launches in the country have targeted various segments in the market. For instance, its Sunny is priced at around Rs 5.78 lakh and is a competitor of Chevrolet Aveo, Maruti SX4, and Fiat Linea. Micra, priced at Rs 4.8 lakh is competitor of Maruti Swift, Hyundai i20, Chevrolet Beat, Fiat Punto, Volswagen Polo and Ford Figo. Continue Reading »
There are many automobile industries that have been reeling under falling sales since some time. RBI, Reserve Bank of India hiked repo rates in its monetary policy for the twelfth time in the last eighteen months. Fuel prices have also been increased by oil marketing companies in the month of September. But automobile companies are in great try to launch a slew of car models for making the tide in this side during the festival like Diwali.
Toyota, Maruti Suzuki, Hyundai and Tata Motors amid others are hardly trying to push their sales. The Indian markets are full of cars in from automobile manufacturers in August and September month such as Honda Siel India Ltd, Nissan Motor India Pvt Ltd, Mahindra & Mahindra Ltd, Toyota Kirloskar Motor India, Renault India Pvt Ltd and Toyota Kirloskar Motor India. Many new launches have been seen in the first half of this year in the passenger cars as well as two-wheeler segments. There were almost 13 new launches taken place in both two-wheeler and passenger cars. Continue Reading »
After Tata introduced Nano, the other auto giants in the industry started focusing on making small cars. As a result, the Indian auto market is flooded with small cars and the consumers are spoilt with choices. The company that plans to join this segment is Mahindra & Mahindra.The company is developing a mini-SUV that will be priced between 3 to 4 lakh. The leader of utility vehicles in the country is currently making the vehicle with the help of Ssangyong, the South Korean auto company that it acquired last year.
The best thing about this mini-SUV is its low price. Most of the SUVs in the country and across the world are considered to be exclusive cars. They are priced above eight to nine lakh; be it Nissan Juke, Jeep Wrangler, and Skoda Yeti. Continue Reading »
Ford India just revealed the launching of new 4×4 Hurricane. It is the recent Limited Edition alternative of its well-known SUV sports utility vehicle Endeavour. The best value for money is provided to purchasers by this Limited Edition. It is enhanced with dynamic and tough look. One can experience its safety and convenience on the vehicle. The price of this Endeavour 4×4 Hurricane Limited Edition is INR 20, 13,244. It will be equipped with a new muscular Front Nudge bar, which adds to the tough tool, particularly designed 5th-Door convex mirror, contemporary Hurricane body decals and Chrome exhaust trims.
“The introduction of the Endeavour 4×4 Hurricane Limited Edition offers value for money coupled with distinct class and safety features for our customers during this festive season. This special variant offers aggressiveness, adventure and agility with features that improves safety, adds style and class”, said Michael Boneham, president and managing director of Ford India said.” Continue Reading »
Encouraged by the success of Jaguar Land Rover in India, Tata Motors is now planning to assemble two more models of the luxury car in India. It hopes that this will boost sales in the domestic market of luxury cars.
The Jaguar Land Rover (JLR) is all set to assemble Jaguar XF sedan and Range Rover Evoque SUV. This stagey aims at making Jaguar make its presence felt in the fast growing market of domestic luxury cars. Currently, the auto giants in the market of luxury cars include brand names like Mercedes, BMW and Audi. Continue Reading »