Automotive Updates - 10th and 11th January 2015
- Domestic car sales got back in the positive territory in
2014 with a 2.46 per cent increase on excise duty reductions brought in by the
government to propel the struggling industry.However, with the excise duty
concessions gone, the Society of Indian Automobile Industry (SIAM) is expecting
a marginal increase of around one per cent in the current financial year
against an earlier expectation of four per cent.(businesstoday)
- Home-grown automotive components major, Varroc Group is
planning to invest in a greenfield plant in Gujarat under its polymers
division. The new facility would be the first for the company in the state of
Gujarat. To set up the new plant, the company has acquired eight acres of land
at an undisclosed location from where it plans to manufacture polymer products
for primarily the two-wheeler business. It is known that the company produces
products such as seats, body parts, air filter assembly, mirror assembly for
the two-wheeler segment and body parts for the passenger car and commercial
vehicle segments under its polymer division. - See more at: http://www.autocarpro.in/news-national/exclusive-varroc-invest-plant-gujarat-7313#sthash.TZ1gWEWJ.dpuf
- Kawasaki in India reports 1480 bikes sold in 2014. This
includes 700 units of Ninja 300, 300 units of Ninja 650, 50 units of Kawasaki
Z250, 80 units of Kawasaki ER-6n, and 350 CBU units.Through 2013, Kawasaki
India sold mid-size motorcycles, which gearing up for big bike launches in
2014. Sales of Ninja 300 and Ninja 650 in 2013 stood at a total of 1,000 units.
Kawasaki India has registered 48% sales growth in 2014.(rushlane.com)
- Dharmendra Mishra, the Vice President (Sales and Customer
Care) of Mahindra was present at the occasion of the launch of the 110 cc Gusto
scooter. He said, “We are working across categories and want to be a serious
player.” Instead of sharing any specifications for the models planed ahead
apart from the emphasis and frequency in 150 cc two wheelers, he did say
something about the much-anticipated Mojo 300 model. He said that the bike
would finally make an arrival in the Indian market in the next fiscal.
Incidentally, it has been five years since the first time Mojo was showcased;
however, the bike has been shelved till now. The company fell silent about its
launch immediately after showcasing the production-ready model.(cartrade.com)
- Ford India is reported to have halted the Figo hatchback’s
production at the company’s plant in Chennai. According to online reports, the
said plant dispatched only 151 units of the Figo last month, which in
comparison to the regular (average) 1,500 units, points to either a very
limited production or none at all. However the company played down speculation
of a production cease and said the Ford Figo “continues to be part of its
portfolio and was also recently launched with updated interiors.” Ford exports
the Figo to some 40 global markets and with the successor not in sight, pulling
the plug blindly would not be an option.Read more: http://indianautosblog.com/2015/01/ford-figo-production-stopped-india-163781#ixzz3OX1qVObx
- Along with prime minister Narendra Modi's ongoing Swachh Bharat (clean
India) campaign, there will be a pradushan-mukt Bharat (pollution-free India)
in the coming years. While the Swachh Bharat campaign is being realised
through people-engagement, the pradushan-mukt Bharat campaign will be kicked
off by incentivising and promoting clean automotive propulsion technologies.
The Union Budget, to be presented next month, may well play a key role by
offering incentives for green technologies. The finance minister will
reportedly offer a Rs 800 crore incentive package for electric and hybrid
vehicles in the Budget. Speaking at the Bloomberg TV- Autocar India Awards on
January 9, Nitin Gadkari, Union minister for road transport and highways,
said that green automotive solutions will be promoted by the government to
reduce pollution levels. - See more at: http://www.autocarpro.in/news-national/transport-ministry-promote-clean-auto-tech-pradushan-mukt-bharat-7322#sthash.9Cwh3Yu9.dpuf
- Statistics revealing road accidents related injuries and
fatalities has indeed not been too impressive in India. To emphasise on Road
Safety measures, CEAT is one of India’s leading tyre manufacturers has
initiated the Road Safety week (11th- 17th Jan) campaign in association with
‘Brotherhood of Bulleteers Motorcycling Consortium’ (BOBMC). The road safety
drive shall kick off from Fountain Hotel – Mira road to Manor via Ahmedabad
highway at 7.00 am on 11th January 2015. More than 25 riders would be a part of
this initiative which is aimed at spreading awareness about importance of
adopting safety measures while driving.(cartrade.com)
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