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tata nano gen x
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Soon, made-in-India Jeep Wrangler and Grand Cherokee models + export to other RHD markets ...
Fiat to make Jeep in India, SUV to cost Rs 15 lakh - The Economic Times
Fiat to make Jeep in India, SUV to cost Rs 15 lakh - The Economic Times
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Volvo plans to export buses made in India to Europe
BENGALURU: Swedish commercial vehicles major Volvo today said it plans to use India for exporting its buses manufactured in the country to developed markets in Europe.
"We plan to use India for exporting our buses manufactured in India to developed markets in Europe," Volvo Buses President Hakan Agnevall told reporters here.
The first bus made in the Indian facility will be unveiled later this year in Europe, he added.
Agnevall said that among leading players in the global bus market "the company's Asia Leverage strategy aims to utilise its manufacturing presence in India and China to cater to demands also from other global markets."
The inter-city coaches and city buses, at present, from the Indian facility are being exported to countries in South Asia and South Africa, he informed.
"We are confident that going forward we will leverage the skills and strengths in India to meet the European market requirements," he added.
The other aspect of the Asia Leverage programme is to ensure that by catering to exports, the India facility will be able to face the cyclical domestic market demands, he said, adding, "the company will gradually scale up exports from India to cater to more and more markets in future."
Volvo Buses Senior Vice President (Business Region International) Akash Passey said the company is actively exploring opportunities to supply to new markets and in the long-term aims to enhance the role of India in its export plans.
Volvo Buses' plans coincide with central government's efforts to promote manufacturing through the 'Make in India' initiative, Passey said.
"This is a welcome step that will encourage companies to use local competence and expertise to cater to both domestic and export markets," he added.
To strengthen various manufacturing procedures, the company has invested an additional Rs 400 crore since 2011 to strengthen various manufacturing procedures, Passey said.
Presently, Volvo's manufacturing facility in Hoskote has a production capacity of 1,500 buses, he added.
BENGALURU: Swedish commercial vehicles major Volvo today said it plans to use India for exporting its buses manufactured in the country to developed markets in Europe.
"We plan to use India for exporting our buses manufactured in India to developed markets in Europe," Volvo Buses President Hakan Agnevall told reporters here.
The first bus made in the Indian facility will be unveiled later this year in Europe, he added.
Agnevall said that among leading players in the global bus market "the company's Asia Leverage strategy aims to utilise its manufacturing presence in India and China to cater to demands also from other global markets."
The inter-city coaches and city buses, at present, from the Indian facility are being exported to countries in South Asia and South Africa, he informed.
"We are confident that going forward we will leverage the skills and strengths in India to meet the European market requirements," he added.
The other aspect of the Asia Leverage programme is to ensure that by catering to exports, the India facility will be able to face the cyclical domestic market demands, he said, adding, "the company will gradually scale up exports from India to cater to more and more markets in future."
Volvo Buses Senior Vice President (Business Region International) Akash Passey said the company is actively exploring opportunities to supply to new markets and in the long-term aims to enhance the role of India in its export plans.
Volvo Buses' plans coincide with central government's efforts to promote manufacturing through the 'Make in India' initiative, Passey said.
"This is a welcome step that will encourage companies to use local competence and expertise to cater to both domestic and export markets," he added.
To strengthen various manufacturing procedures, the company has invested an additional Rs 400 crore since 2011 to strengthen various manufacturing procedures, Passey said.
Presently, Volvo's manufacturing facility in Hoskote has a production capacity of 1,500 buses, he added.
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tata nano gen x
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Hopefully they will be abel to sell it now
Water Car Engineer
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Automotive industry predicted to reach $300 billion by 2026, create 65 million more jobs
The automotive sector is expected to generate up to $300 billion in annual revenue by 2026, contributing over 12% to the nation’s gross domestic product and creating 65 million more jobs
Chanchal Pal Chauhan&Nabeel A Khan | 02 September 2015, 11:57 PM IST
NEW DELHI: The automotive sector is expected to generate up to $300 billion in annual revenue by 2026, contributing over 12% to the nation's gross domestic product and creating 65 million more jobs, shows a document prepared jointly by the industry and government.
The Automotive Mission Plan 2016-26 seeks to make Indian's automotive industry the engine of the 'Make in India' initiative. It was unveiled on Wednesday amid concerns that high taxes and the absence of key reforms like the goods and service tax in a sluggish economy could prove to be major impediments to growth.
Nevertheless, the document projects India's automotive industry to grow to over 70 million units a year by 2026, taking it into the league of China and the US. The AMP is aimed at mapping the progress of the country's automobile industry and setting its goals over the next ten years. Around 23 million vehicles were produced in India in the year ended on March 31, 2015. The market is currently estimated to be worth $74 billion.
READ ALSO: Automotive Mission Plan 2016-26 unveiled: Here are the key highlights
"I think a little too ambitious, if we look at the current infrastructure situation," Rakesh Batra of Ernst & Young said, referring to the targets. He said there was a change of trend, such as people increasingly using cab-hiring apps like Ola, Uber and carpooling. "These will certainly impact the personal vehicle owning trending," he added.
The second Automotive Mission Plan unveiled by the Society of Indian Automotive Manufactures has targets for various segments of the industry, in terms of size and contribution to the economy. The first vision document was for the period 2006-2016.
"The biggest challenge (to achieve the aim) is going to be of infrastructure. In India, the second biggest cost that we have to bear is in logistics and transportation, which is about 15 percent," said Ravindra Pisharody, executive director, commercial vehicles, at Tata Motors. "However, the projection made is quite achievable."
The second Automotive Mission Plan unveiled by the Society of Indian Automotive Manufactures has targets for various segments of the industry, in terms of size and contribution to the economy
According to SIAM, the Indian automotive industry has been able to achieve the larger targets of the first edition of the AMP. The key achievements are investments in excess of Rs 1,60,000 crore and creation of jobs, which were targeted at 35 million by the end of 2016. Besides, the industry is on course to hit the base-case target of Rs 5,49,000 crore revenue.
Speaking at SIAM's annual convention in New Delhi, its president, Vikram Kirloskar, highlighted the potential of the industry, but also the risks it is facing. "There are speed breakers in the form of slow government policies with no clear roadmap on GST and high taxes imposed on the auto industry ... the cumulative burden of taxes to customers on cars goes up to 84 percent, making the industry highly uncompetitive," he said.
Others raised concerns over delayed reforms. Mahindra & Mahindra Executive Director Pawan Goenka said political stalemate was pushing several initiatives and this could derail economic recovery.
Hero MotoCorp Chairman Pawan Munjal said: "We hope the government policy frame should improve in tune with time as we move ahead and is move in the right direction in the long-term with key reforms being addressed at the earliest."
To achieve the new targets, the government must deliver on its promises, such as on ease of doing business, said YS Guleria, senior vice president for sales and marketing at Honda Motorcycle and Scooter India.
The automotive sector is expected to generate up to $300 billion in annual revenue by 2026, contributing over 12% to the nation’s gross domestic product and creating 65 million more jobs
Chanchal Pal Chauhan&Nabeel A Khan | 02 September 2015, 11:57 PM IST
NEW DELHI: The automotive sector is expected to generate up to $300 billion in annual revenue by 2026, contributing over 12% to the nation's gross domestic product and creating 65 million more jobs, shows a document prepared jointly by the industry and government.
The Automotive Mission Plan 2016-26 seeks to make Indian's automotive industry the engine of the 'Make in India' initiative. It was unveiled on Wednesday amid concerns that high taxes and the absence of key reforms like the goods and service tax in a sluggish economy could prove to be major impediments to growth.
Nevertheless, the document projects India's automotive industry to grow to over 70 million units a year by 2026, taking it into the league of China and the US. The AMP is aimed at mapping the progress of the country's automobile industry and setting its goals over the next ten years. Around 23 million vehicles were produced in India in the year ended on March 31, 2015. The market is currently estimated to be worth $74 billion.
READ ALSO: Automotive Mission Plan 2016-26 unveiled: Here are the key highlights
"I think a little too ambitious, if we look at the current infrastructure situation," Rakesh Batra of Ernst & Young said, referring to the targets. He said there was a change of trend, such as people increasingly using cab-hiring apps like Ola, Uber and carpooling. "These will certainly impact the personal vehicle owning trending," he added.
The second Automotive Mission Plan unveiled by the Society of Indian Automotive Manufactures has targets for various segments of the industry, in terms of size and contribution to the economy. The first vision document was for the period 2006-2016.
"The biggest challenge (to achieve the aim) is going to be of infrastructure. In India, the second biggest cost that we have to bear is in logistics and transportation, which is about 15 percent," said Ravindra Pisharody, executive director, commercial vehicles, at Tata Motors. "However, the projection made is quite achievable."
The second Automotive Mission Plan unveiled by the Society of Indian Automotive Manufactures has targets for various segments of the industry, in terms of size and contribution to the economy
According to SIAM, the Indian automotive industry has been able to achieve the larger targets of the first edition of the AMP. The key achievements are investments in excess of Rs 1,60,000 crore and creation of jobs, which were targeted at 35 million by the end of 2016. Besides, the industry is on course to hit the base-case target of Rs 5,49,000 crore revenue.
Speaking at SIAM's annual convention in New Delhi, its president, Vikram Kirloskar, highlighted the potential of the industry, but also the risks it is facing. "There are speed breakers in the form of slow government policies with no clear roadmap on GST and high taxes imposed on the auto industry ... the cumulative burden of taxes to customers on cars goes up to 84 percent, making the industry highly uncompetitive," he said.
Others raised concerns over delayed reforms. Mahindra & Mahindra Executive Director Pawan Goenka said political stalemate was pushing several initiatives and this could derail economic recovery.
Hero MotoCorp Chairman Pawan Munjal said: "We hope the government policy frame should improve in tune with time as we move ahead and is move in the right direction in the long-term with key reforms being addressed at the earliest."
To achieve the new targets, the government must deliver on its promises, such as on ease of doing business, said YS Guleria, senior vice president for sales and marketing at Honda Motorcycle and Scooter India.
Manindra
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Nissan India turns to sports car, luxury SUV to build brand
NEW DELHI, SEP 6:
Japanese auto major Nissan plans to bring in high-end performance cars and sports utility vehicles from its global portfolio to the Indian market next year to enhance its brand image in the country where it has struggled so far to cement its position.
The company, which is present in India through a wholly-owned subsidiary, Nissan Motor India, also plans to renew its entire product line-up beginning 2017. “We have a plan to evolve our product line-up. As for 2017, we will have a renewal of all Nissan models,” Nissan India Operations President Guillaume Sicard told PTI.
“I cannot disclose too much but we are changing the tone of our products, injecting very strong amount of style and also being very SUV oriented, because this is who we are and this is what customers want in India,” he added.
In the meantime, the company plans to bring in high-end performance cars and SUVs as part of brand building exercise.
“We are busy studying on importing some ‘halo’ cars either on the performance side or the SUV side, so we are going to see such products coming in next year,” Sicard said.
While he did not disclose the identity of the high models the company plans to bring to India, globally it sells various sports cars such as the GT-R, 370Z Roadsters and SUVs like Patrol.
The company currently sells models like Micra, Datsun Go, Sunny and Terrano under two brands — Nissan and Datsun, in India.
Last year, Nissan launched the Datsun Go in India, marking the global comeback of the brand after nearly three decades.
The company, however, has received a lukewarm response for the brand in the Indian market and is now looking to enhance its appeal in the country.
“I think we keep on learning about the Indian market, it’s a long process and can be a bit chaotic...we are working on developing the brand. We are launching innovative new products, we’ll have a new product arriving next year that will also be a segment breaker for the value it offers,” Sicard said on the Datsun brand.
He said the company is 100 per cent committed towards the Indian market and is ready with next wave of investment at the Nissan-Renault alliance plant in Chennai.
“There is one thing, that is 100 per cent clear and there is no doubt at all, that we are 100 per cent committed to the Indian market,” he added.
The new round of investment would be on developing new products and could also be utilised to slightly increase the capacity of the plant. The Nissan-Renault Alliance has already invested Rs. 5,000 crore in the plant. “We are committed to keep investing in India and the second wave of investments is ready for the Indian market,” he said without sharing details.
On tax refund issues with Tamil Nadu and reports of the company threatening to hold back investments in the state, Sicard said, “We want to invest in Tamil Nadu to keep on having adequate infrastructure. So we have been talking with state government for the last 6-9 months to expand the plant and to see how they can support us.
“We are coming to an agreement with Tamil Nadu government but there is only one little thing..we need to make sure that everything is clear to finish up the phase one of the investment.”
Nissan India turns to sports car, luxury SUV to build brand | Business Line
NEW DELHI, SEP 6:
Japanese auto major Nissan plans to bring in high-end performance cars and sports utility vehicles from its global portfolio to the Indian market next year to enhance its brand image in the country where it has struggled so far to cement its position.
The company, which is present in India through a wholly-owned subsidiary, Nissan Motor India, also plans to renew its entire product line-up beginning 2017. “We have a plan to evolve our product line-up. As for 2017, we will have a renewal of all Nissan models,” Nissan India Operations President Guillaume Sicard told PTI.
“I cannot disclose too much but we are changing the tone of our products, injecting very strong amount of style and also being very SUV oriented, because this is who we are and this is what customers want in India,” he added.
In the meantime, the company plans to bring in high-end performance cars and SUVs as part of brand building exercise.
“We are busy studying on importing some ‘halo’ cars either on the performance side or the SUV side, so we are going to see such products coming in next year,” Sicard said.
While he did not disclose the identity of the high models the company plans to bring to India, globally it sells various sports cars such as the GT-R, 370Z Roadsters and SUVs like Patrol.
The company currently sells models like Micra, Datsun Go, Sunny and Terrano under two brands — Nissan and Datsun, in India.
Last year, Nissan launched the Datsun Go in India, marking the global comeback of the brand after nearly three decades.
The company, however, has received a lukewarm response for the brand in the Indian market and is now looking to enhance its appeal in the country.
“I think we keep on learning about the Indian market, it’s a long process and can be a bit chaotic...we are working on developing the brand. We are launching innovative new products, we’ll have a new product arriving next year that will also be a segment breaker for the value it offers,” Sicard said on the Datsun brand.
He said the company is 100 per cent committed towards the Indian market and is ready with next wave of investment at the Nissan-Renault alliance plant in Chennai.
“There is one thing, that is 100 per cent clear and there is no doubt at all, that we are 100 per cent committed to the Indian market,” he added.
The new round of investment would be on developing new products and could also be utilised to slightly increase the capacity of the plant. The Nissan-Renault Alliance has already invested Rs. 5,000 crore in the plant. “We are committed to keep investing in India and the second wave of investments is ready for the Indian market,” he said without sharing details.
On tax refund issues with Tamil Nadu and reports of the company threatening to hold back investments in the state, Sicard said, “We want to invest in Tamil Nadu to keep on having adequate infrastructure. So we have been talking with state government for the last 6-9 months to expand the plant and to see how they can support us.
“We are coming to an agreement with Tamil Nadu government but there is only one little thing..we need to make sure that everything is clear to finish up the phase one of the investment.”
Nissan India turns to sports car, luxury SUV to build brand | Business Line
Manindra
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Royal Enfield Himalayan spied inside manufacturing facility
The upcoming Royal Enfield Himalayan motorcycle has been spied on the production line at the company's manufacturing facility.
The Himalayan has a twin-cradle frame developed by Harris Performance. The bike is believed to be powered by a 410cc, single-cylinder engine, which is likely to produce 27 BHP and 32 Nm of torque.
The Himalayan has a single, round headlamp, a windshield, round rear view mirrors, high set front and rear mudguards, metal side-guards mounted at the front and a carrier at the rear. The bike has a telescopic fork suspension with rubber covers at the front and a monoshock at the rear. Other features include dual purpose tyres and disc brakes.
The crankcase of the bike sports the Royal Enfield logo, while the side panel bears the "Himalayan" badge. The bike is likely to get a brand new twin-pod instrument cluster with a digital MID.
Royal Enfield has not yet revealed a launch date for the Himalayan.
Source: Shifting Gears
The upcoming Royal Enfield Himalayan motorcycle has been spied on the production line at the company's manufacturing facility.
The Himalayan has a twin-cradle frame developed by Harris Performance. The bike is believed to be powered by a 410cc, single-cylinder engine, which is likely to produce 27 BHP and 32 Nm of torque.
The Himalayan has a single, round headlamp, a windshield, round rear view mirrors, high set front and rear mudguards, metal side-guards mounted at the front and a carrier at the rear. The bike has a telescopic fork suspension with rubber covers at the front and a monoshock at the rear. Other features include dual purpose tyres and disc brakes.
The crankcase of the bike sports the Royal Enfield logo, while the side panel bears the "Himalayan" badge. The bike is likely to get a brand new twin-pod instrument cluster with a digital MID.
Royal Enfield has not yet revealed a launch date for the Himalayan.
Source: Shifting Gears
Yaduveer
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M&M Launches TUV300, Price Starting at Rs 6.9 Lakh
Press Trust of India | Last Updated: September 10, 2015 14:32 (IST)
Homegrown auto major Mahindra & Mahindra (M&M) today launched compact SUV TUV300 at an introductory price starting at Rs 6.9 lakh (ex-showroom Pune), as it aims to strengthen its market share in the utility vehicles segment.
TUV300, which comes only with a diesel engine, is priced up to Rs 9.12 lakh for the top-end variant which showcases the AMT (auto gear shift) technology.
"The TUV300 embodies Mahindra's tough and rugged DNA which makes me confident that it will be a brand creator in its segment and find favour both in India and globally," M&M Group Chairman Anand Mahindra told reporters here.
TUV300 will take on the likes of Ford EcoSport and Renault Duster that are priced between Rs 7.88 lakh and Rs 13.54 lakh (ex-showroom Delhi).
Besides, it will also compete with compact crossovers such as Toyota Etios Cross, Hyundai i20 Active and Fiat Avventura, which are priced in a range of Rs 6.23 lakh and Rs 8.89 lakh (ex-showroom Delhi).
Commenting on the production capacity, M&M Executive Director Pawan Goenka said the company has the capacity to produce 5,000 units of TUV300 a month.
"Production capacity can be further enhanced depending upon the market demand," he added.
Asked if the company plans to launch a petrol version of the vehicle, Goenka said, "We are developing 1.2 litre (model) with Ssangyong which will debut this fiscal. In the next 3-5 years, all the models we launch would have petrol engine option."
The company is also looking to export the vehicle to various global markets.
"To start with, we are looking to ship the vehicle to South Africa in next few weeks where we have good presence and then to neighbouring countries," M&M President and Chief Executive (Automotive) Pravin Shah said.
In the April-July period this fiscal, total utility vehicle sales in the country stood at 1,73,255 units, while that of M&M were at 62,558 units, translating into a market share of 36.1 per cent.
With TUV300, the company aims to strengthen its presence in the compact SUV segment. Quanto, another small SUV from M&M, has not been able to create sizable presence in the market.
M&M's forte has been in the bigger UV segment, with models such as the Scorpio and XUV500.
Good review.. by Autocar
Press Trust of India | Last Updated: September 10, 2015 14:32 (IST)
Homegrown auto major Mahindra & Mahindra (M&M) today launched compact SUV TUV300 at an introductory price starting at Rs 6.9 lakh (ex-showroom Pune), as it aims to strengthen its market share in the utility vehicles segment.
TUV300, which comes only with a diesel engine, is priced up to Rs 9.12 lakh for the top-end variant which showcases the AMT (auto gear shift) technology.
"The TUV300 embodies Mahindra's tough and rugged DNA which makes me confident that it will be a brand creator in its segment and find favour both in India and globally," M&M Group Chairman Anand Mahindra told reporters here.
TUV300 will take on the likes of Ford EcoSport and Renault Duster that are priced between Rs 7.88 lakh and Rs 13.54 lakh (ex-showroom Delhi).
Besides, it will also compete with compact crossovers such as Toyota Etios Cross, Hyundai i20 Active and Fiat Avventura, which are priced in a range of Rs 6.23 lakh and Rs 8.89 lakh (ex-showroom Delhi).
Commenting on the production capacity, M&M Executive Director Pawan Goenka said the company has the capacity to produce 5,000 units of TUV300 a month.
"Production capacity can be further enhanced depending upon the market demand," he added.
Asked if the company plans to launch a petrol version of the vehicle, Goenka said, "We are developing 1.2 litre (model) with Ssangyong which will debut this fiscal. In the next 3-5 years, all the models we launch would have petrol engine option."
The company is also looking to export the vehicle to various global markets.
"To start with, we are looking to ship the vehicle to South Africa in next few weeks where we have good presence and then to neighbouring countries," M&M President and Chief Executive (Automotive) Pravin Shah said.
In the April-July period this fiscal, total utility vehicle sales in the country stood at 1,73,255 units, while that of M&M were at 62,558 units, translating into a market share of 36.1 per cent.
With TUV300, the company aims to strengthen its presence in the compact SUV segment. Quanto, another small SUV from M&M, has not been able to create sizable presence in the market.
M&M's forte has been in the bigger UV segment, with models such as the Scorpio and XUV500.
Good review.. by Autocar
Water Car Engineer
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Mahindra Launches Sub Compact SUV
Mahindra To Launch 'Mojo' This Month
Water Car Engineer
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Cool !!
Water Car Engineer
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