Automotive Updates - 21st January 2015
- Tata Motors Ltd, India’s largest automobile maker, will
start selling trucks in Malaysia, Vietnam and Australia as part of a plan to
strengthen its presence in the Asia-Pacific region, a company official said on
Tuesday. The company’s subsidiary in Thailand will serve as a base to sell to
the adjoining markets, which will also help the maker of the Ace and Xenon
brands of vehicles to utilize its Thai facility optimally. “Made in Thailand
for pickups is a fairly well acceptable name,” said Ravindra Pisharody,
executive director (commercial vehicles), on the sidelines of a press meet to
announce season two of the Prima Truck Racing Championship in Mumbai. Thailand
is among the largest manufacturing bases for pickup trucks.Read more at: http://www.livemint.com/Industry/ttICxBKRoqsYR8reQyt4tL/Tata-Motors-to-expand-AsiaPacific-presence.html?utm_source=copy
- Toyota Motor took the unusual step of projecting a drop in
annual vehicle sales on Wednesday in a move that could see Volkswagen steal the
industry crown this year as demand slumps in Japan, Indonesia and other key
markets. The forecast underscores Chief Executive Akio Toyoda's resolve to
steer the company through measured, profitable growth rather than chase volumes
after getting burned by a capacity glut in the wake of the 2008 global
financial crisis.Toyota said on Wednesday it expects 2015 global vehicle sales,
including those of subsidiaries Daihatsu Motor Co and Hino Motors, to slip 1
per cent to 10.15 million vehicles.(businesstoday)
- Pawan Goenka, Mahindra & Mahindra Executive Director for
Automotive and Farm equipment sectors, recently stated that the group wants to
enter the US market but not with Mahindra SUVs. The Indian automaker planned
foray into the US market with Scorpio pick-up in 2009, but was unable to set
foot due to repeated delays and legal problems with its former distributor
Global Vehicles.Now the group is keen on entering the SUV market there with its
South Korean arm SsangYong. Recently launched (in South Korea) SsangYong
Tivoli compact crossover and new Rexton SUV are the two artilleries
Mahindra is planning on deploying on US soil soon. Tivoli will cater to
B-segemnt and Rexton to D-segment.Read more at
http://www.rushlane.com/mahindra-ssangyong-tivoli-rexton-us-launch-12142314.html#MmXByzoISIgO4KHc.99
- In an exclusive tie-up with Shriram Automall India (SAMIL), two-wheeler major
Honda Motorcycle & Scooter India (HMSI) has decided to increase its
penetration of the pre-owned two-wheeler market in India. The market of
second-hand two-wheelers in the country is currently pegged at 50 percent of
new two-wheeler sales. In December 2014, new two-wheelers accounted for
sales of over 12 lakh units in the domestic market which translates into
600,000 pre-owned two-wheelers a month. Only 10-15 percent of this number falls
into the organised sector, with the balance constituting unorganised sales. -
See more at: http://www.autocarpro.in/news-national/hmsi-ties-shriram-automall-sell-pre-owned-wheelers-7449#sthash.ODEhyppg.dpuf
- VECV, the 50-50 joint venture between Eicher Motors and the Volvo Group launched
the Pro 6000 Series in India yesterday. The Pro 6000 range in India
comprises of the 6031 and 6025 haulage trucks and the 6025T tipper
truck. Going forth, the brand plans to launch the Pro 8000 Series in India
next. Vinod Aggarwal, Chief Executive Officer, VE Commercial Vehicles Limited,
said that VECV will bring in the Pro 8000 Series of trucks this year, but
simultaneously, it will also expand the Pro 6000 Series range. He however did
not mention the exact models that would launch.Read more: http://indianautosblog.com/2015/01/eicher-pro-8000-series-launch-india-this-year-165323#ixzz3PSZ1V53S
- Tata Motors, the homegrown automaker will launch
the much-awaited Bolt hatchback in the Indian car market tomorrow i.e. January
22, 2015. It will be the second big launch from the homegrown maker under its
HORIZONEXT umbrella. It is based on the thoroughly modified X1 platform and
shares its styling with the Zest compact sedan. Bookings for the hatchback have
already commenced at a token amount of Rs. 11,000.(carwale.com)
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