Monday, 15 February 2016
Mahindra First Choice Wheels Inaugurates First Multi-brand Commercial Vehicle Dealership in South
Mahindra First Choice Wheels Ltd. (MFCWL), India's No. 1 multi-brand certified used car company, today inaugurated its first commercial vehicle outlet in Shimoga. This is the company's 130th dealership in the zone and 705th in the country.
The new outlet, Tristar India Trading and Services Pvt Ltd, is spread across 9000 sq. ft and is located near New Mandli Circle, N.T.Road, Shimoga-577202. It was inaugurated by Dr. Nagendra Palle, MD & CEO Mahindra First Choice Wheels Ltd.
"We are delighted to expand our rapidly growing network in Karnataka with the inauguration of this new dealership in Shimoga. This is the company's first franchisee for multi-brand commercial vehicle. This is a new step for creating a space in used commercial vehicle segment along with our used car ecosystem. We are enhancing and leveraging our physical and online presence and are best positioned in the pre-owned car industry to deliver a "Brick and Click" synergy interface for a unique customer experience. South India is a strategic market for Mahindra First Choice Wheels and we look forward to creating value for all our stakeholders across the value chain through innovative and industry-first products and services. Our strong franchisee network will also play an important role in helping us fulfill this goal," said Dr. Nagendar Palle at the inauguration.
"Over the past seven years, Mahindra First Choice Wheels has not only emerged as India's leading used car company but has also contributed to the creation of a used vehicle ecosystem by bridging the wholesale and retail channels while leveraging physical and online infrastructure. Now we have entered the used multi-brand commercial vehicle for creating a better consumer experience in this space," said Tarun Nagar, Vice President-Retail business, MFCWL.
"Mahindra First Choice Wheels is already an established brand name in the country. Tristar India Trading and Services Pvt Ltd. will offer the entire range of services for customers, including purchase and sale of multi-brand used commercial vehicle, multi-brand certified used cars, car finance, insurance, fitment of car accessories and assistance with paperwork and documentation to all those wishing to purchase or sell used commercial or passenger vehicles," said Mr. Ashik Basha, MD- Tristar India Trading and services Pvt Ltd.
MFCWL has also developed a variety of industry first products which use technology to ease used vehicle operations. The company has recently launched seven innovative products which are smart, simple, standalone tools that solve many challenges for every kind of stakeholder including consumers, dealers, financiers, leasing companies and manufacturers.
From humble beginnings in 2007 when its first franchisee outlet was established, MFCWL has achieved a dominant status in retailing of multi-brand used cars across the country. The company’s footprints currently encompass 705 dealerships and it plans to expand this number to 1000 outlets in next fiscal year. The company is driven by its mission to transform the way used cars are retailed and has made several innovations along the way.
The list of innovations include developing a unique franchisee based business model, selling certified multi-brand used cars under warranty and offering the most comprehensive warranty product available on used cars in the country, in addition to a differentiated consumer experience through launch of its 'Highline' stores for selling high-end multi-brand used cars.
Mahindra First Choice Wheels Ltd. - USPs
- India's No.1 multi-brand certified used car company, Mahindra First Choice Wheels Ltd. (MFCWL), has a network of 705 outlets spread across 325 locations in the country which includes metros, mini metros and smaller towns. The company has been growing at a rapid pace with a CAGR of 35% by volume over the last 5 years.The cumulative retail footprint under Mahindra First Choice brand is in excess of 8.5 lakh sq feet
- The company has created a unique franchisee driven business model, which is globally the first of its kind, and is on a mission to transform the way used cars are retailed in the country. It was also the winner of the prestigious “Franchisor of the year" award in the Automotive business category by Franchisee India
- MFCWL is the market leader in the online auction space, having sold in excess of 3 lakh vehicles through the 'eDiig' auction platform (www.ediig.in)
- The company has recently launched a new product called the Indian Blue Book (IBB) URL: www.indianbluebook.com which is India's first and only used car pricing guide that incorporates transaction data with an analytical engine. IBB has got immediate traction with most leading banks and NBFCs, car portals, auto magazines, auto OEMs, dealers and customers subscribing to it
- A new product for car evaluation called 'Autoinspekt' (www.autoinspekt.com) has been launched. Autoinspekt is an unbiased third party vehicle evaluation report to determine the condition, quality and value of a used vehicle. The report itself covers 53 parameters across 8 vehicle systems of the car and is prepared after physical inspection of the vehicle by a trained engineer. The company has delivered over 1 lakh inspections to date
THE MUCH AWAITED SCOOTER MAKES MARKET ENTRY FOLLOWING THE SUCCESSFUL MAESTRO EDGE
Reiterating its commitment to introduce youthful products for customers across India, Hero MotoCorp Ltd., the world’s largest two-wheeler manufacturer, launched its new 110cc metal body scooter ‘Duet’ in Kolkata today.
The Duet, along with the Maestro Edge, is the first of the products to have been developed on completely new platforms by Hero’s own in-house R&D team. The Duet is priced at Rs. 51,500/- (Ex-Showroom Kolkata) for the LX version and Rs. 52,500/- (Ex-showroom Kolkata) for the VX version.
Unveiling the scooters here today, Mr. Ashok Bhasin, Head – Sales, Marketing and Customer Care, Hero MotoCorp, said, “Being the world’s largest two-wheeler manufacturer, we are well attuned to the needs and preferences of our customers. And the exceptional response these products have received in other markets is a testament of the superior quality and performance of the scooters and faith of our customers in our brand. Since the initial launch of these scooters, our market share has gone above 20% in the scooter segment and now with launch of Duet here, we are confident of gaining further share in this segment. The Maestro Edge has been very popular since its launch here and we are confident that the Duet will also appeal to the customers.”
The sturdy and durable, metal body Duet, comes loaded with a host of convenience and utility features such as External Fuel Filling, Under-Seat Mobile Charging Port, Remote Seat Opening & Fuel-lid Opening, Boot light, Service Due indicator, Twin Parking Lamps among others.
Speaking about the product attributes, Mr. Harish Arora, Head of Scooters Project at Hero MotoCorp’s R&D, said, “We have developed these scooters keeping in mind the needs and expectations of our millions of customers. The all-new attractive 110cc Duet comes with metal body, making it sturdy and durable. Designed for a wide spectrum of customers, with its array of features like External Fuel Filling, Mobile Charging Port, Telescopic Front Suspension, Boot Light, Digital Analog Meter Console and many more, the scooter provides the rider with convenience like never before for a great riding experience.”
Hero’s existing scooters - the largest seller in its segment, Hero’s 100cc Pleasure, designed and uniquely positioned for women and the 110cc Maestro – consistently among the top three best-selling scooters in India, are well established in the scooter segment. The exciting new scooter range is an output of HMCL’s efforts to create a robust technology ecosystem for developing world-class products here in India. With the commencement of operations at the Hero Centre of Global Innovation and R&D at Jaipur in Rajasthan, the company is looking at fast-tracking the development of its innovation-led portfolio.
Thursday, 11 February 2016
Honda Foundation announces 9th Honda Young Engineer and Scientists Award in India
- Provides scholarships to 14 aspiring Engineers and Scientists
- Opportunity for higher professional education in Japan
New Delhi, February 11, 2016:Honda Motor India Pvt. Limited (HMI) today announced the 9thYoung Engineers and Scientists' (Y-E-S) awards for 2015 in India. The Young Engineers and Scientists' Award were presented to fourteen students from India's premier institutes for science & technology - Indian Institute of Technology. The Y-E-S awards were instituted by Honda Foundation in India in 2008 to encourage and support young Indian engineers and scientists.
The Chief Guest His Excellency Mr. Kenji Hiramatsu, Ambassador Extraordinary and Plenipotentiary, Embassy of Japan, presented the awards to the students in recognition of their outstanding all round performance in academics. Also present at the occasion were Mr. Akira Kojima, Director, Honda Foundation and Mr. Keita Muramatsu, Director, Honda Motor India Pvt Ltd.
The Y-E-S Award initiative of Honda Foundation in India has been facilitated by Honda Motor India Pvt. Ltd., to foster young students who have excelled in the area of science and technology and continue to aspire for higher academic achievement in the area of Eco-Technology. The Y-E-S Award program is designed to provide financial assistance to young Indian engineers and researchers. This platform also provides an opportunity to acquire higher professional education in Japan and further help in strengthening Japanese relations with India.
A scholarship of cash equivalent of US $3000 each, was presented to fourteen students selected from eight IITs - Delhi, Bombay, Roorkee, Madras, Kharagpur, Kanpur, Guwahati and BHU on the basis of their Cumulative Grade Point Average (CGPA), technical papers, essays and finally in the one-on-one interviews with Mr. Shirish Garud, Director, The Energy and Resources Institute, who was the chief assessor of the selection committee.
Talking about Y-E-S Awards, Mr. Keita Muramatsu, Director, Honda Motor India Pvt Ltd said, "It has been our endeavor to promote and encourage young students to involve in higher research in the field of technology. We want to provide them the opportunity with Y-E-S awards so that they can fullfill their dreams." He added, "All the editions of Y-E-S awards have received tremendous response and enthusiasm from the IIT students who put in their best efforts to showcase their work. So far we have awarded 112 such students in 9 years".
The awardees for Y-E-S awards 2015 in India are:
Archit Agarwal- IIT BHU, Soumyadeep Paul - IIT BHU, Palak Jain - IIT Bombay, Rushikesh A Handal - IIT Delhi, Saanwra Khod - IIT Guwahati, Varnika Menghnani - IIT Guwahati , Hardik Parwana - IIT Kanpur, Saksham Agarwal - IIT Kanpur, Arna Ghosh - IIT Kharagpur, R. Sai. Akshaya - IIT Madras, B. Ramasubramanian - IIT Madras, Raghul Manosh Kumar - IIT Madras, Sidak Pal Singh - IIT Roorkee, Sopan Khosla - IIT Roorkee.
Tata Motors Group global wholesales at 93,355 nos. in January 2016
The Tata Motors Group global wholesales in January 2016, including Jaguar Land Rover, were at 93,355 nos., higher by 16%, over January 2015. Cumulative wholesales for this fiscal were at 847,661 nos., higher by 7% over the last fiscal.
Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in January 2016 were 36,739 nos., higher by 20%, compared to January 2015. Cumulative commercial vehicles wholesales for this fiscal were higher by 1%, over the last fiscal, at 310,224 nos.
Global wholesales of all passenger vehicles in January 2016 were at 56,616 nos., higher by 14%, compared to January 2015. Cumulative passenger vehicles wholesales for this fiscal at 537,437 nos., was higher by 11%, over the last fiscal.
Global wholesales of Tata Motors’ passenger vehicles in January 2016 were at 11,081 nos., lower by 17%, over January 2015. Cumulative wholesales for the fiscal were at 110,244 nos., higher by 2%, compared to the last fiscal.
Global wholesales for Jaguar Land Rover were 45,535 vehicles (Includes CJLR* wholesales). Jaguar wholesales for the month were 8,576 vehicles and cumulative wholesales were 78,489 vehicles, while Land Rover wholesales for the month were 36,959 vehicles and cumulative wholesales were 348,704 vehicles. Cumulative wholesales for Jaguar Land Rover for the fiscal were 427,193 vehicles.
Tuesday, 2 February 2016
Indian Automobile Sales - January 2016
- Maruti Suzuki India reported a 2.6 per cent decline in total
sales in January at 1,13,606 units as against 1,16,606 units in the same month
in 2015.The company said its domestic sales increased marginally by 0.8 per
cent to 1,06,383 units as against 1,05,559 units in January 2015.Sales of
passenger cars declined 1.4 per cent to 87,757 units compared with 89,014 units
in the year-ago month, the carmaker said in a BSE filing.
- Hyundai Motor India Ltd (HMIL) on Monday reported 1.23% dip
in total sales at 44,230 units in January. The company had sold 44,783 units in
the same month last year, HMIL said in a statement.In the domestic market, the
company's sales were up 9.3% to 38,016 units last month as compared with 34,780
units in January 2015.However, the company's exports declined by 37.87% to
6,214 units as against 10,003 units.
- Honda Cars India on Monday reported a 6.52 percent decline
in its domestic sales at 17,135 units in January. It had sold 18,331 units in
the same month last year, Honda Cars India (HCIL) said in a statement. Last
month, the company sold 396 units of small car Brio, 4,709 units of hatchback
Jazz, 3,471 units of compact sedan Amaze, 441 units of MPV Mobilio and 8,037
units of the mid-sized sedan City.
- Mahindra & Mahindra Ltd. (M&M Ltd.), India's leading
SUV manufacturer, today announced its auto sales numbers which stood at 43,789
units during January 2016 as against 39,930 units during January 2015,
representing a growth of 10%.
- Home-grown auto major Mahindra and Mahindra today reported 1% increase in
its tractor sales at 15,065 units in January, 2016.The company had
sold 14,913 units in the same month last year.Domestic tractor sales last month
rose 3.97% at 14,402 units against 13,852 in the year-ago month, the company
said in a statement.
- Toyota Kirloskar Motor (TKM) sold a total of 8,511 units in
the domestic market and exported 745 units of the Etios series thereby clocking
a total of 9,256 units for the month of January 2016. TKM sold 12, 650 units in
the domestic market in January 2015 and exported 1,714 units of Etios series in
the same period last year.TKM Sold 139, 815 units in the calendar year 2015
thereby registering a cumulative growth of 5% when compared to the total
domestic sales in 2014.
- Ford India on Monday reported 41.64% increase in its total
sales at 12,834 units in January as against 9,061 units in the same month last
year.The company's domestic sales were up 5.98% at 7,045 units last month as
against 6,647 units in the same period a year ago, Ford India said in a
statement.
- Tata Motors continued to witness year-on-year growth in the
M&HCV segment in January 2016, with a growth of 30%. Total sales of Tata
Motors passenger and commercial vehicles (including exports) were at 47,034
vehicles, higher by 10%, over 42,595 vehicles, sold in January 2015. The
domestic sale of Tata commercial and passenger vehicles for January 2016 were
at 41,398 nos. higher by 7% over 38,634 vehicles sold in January 2015. Cumulative
sales (including exports) for the fiscal at 411,979 nos., higher by 2% over
405,581 vehicles, sold last year.
- Tata Motors continued to witness year-on-year growth in the
M&HCV segment in January 2016, with a growth of 30%. Total sales of Tata
Motors passenger and commercial vehicles (including exports) were at 47,034
vehicles, higher by 10%, over 42,595 vehicles, sold in January 2015. The
domestic sale of Tata commercial and passenger vehicles for January 2016 were
at 41,398 nos. higher by 7% over 38,634 vehicles sold in January 2015. Cumulative
sales (including exports) for the fiscal at 411,979 nos., higher by 2% over
405,581 vehicles, sold last year.
- Indian arm of European carmaker Volkswagen has clocked
year-on-year growth of 8 percent in sales for the month of January 2016, the
company informed in a press statement.Last month, it sold 4,018 units as
against 3,734 units during January 2015.
- Indian arm of French automaker Renault has announced,
its January sales figures, in a statement.Last month, the company has
registered a growth of 151 percent with domestic sales of 8,031 units as
against 3,203 units in the corresponding month last year.Renault Kwid will
continue to play a pivotal role in the company's expansion plans in India with
customer orders crossing the 90,000 mark, said the company.
- Country's largest two-wheeler maker Hero MotoCorp on Monday
reported a marginal increase in sales at 5,63,348 units in January.The company
had sold 5,58,982 units in the same month last year, Hero MotoCorp said in a
statement.Riding on the success of its scooter range, the company continues to
expand its market share in the segment, it added.
- ndian two wheeler manufacturer Bajaj Auto has announced, its
January 2016 sales, in a BSE filing.The company's total sales registered a
growth of 2 percent, and stood at 2,93,939 units for the month of January 2016.
- TVS Motor Company recorded 12.1% growth in sales during the
month of January 2016. The total sales increased to 208,485 units in the month
of January 2016 from 185,997 units sold in the corresponding month last year,
the company said in a statement.The company's total exports registered 39.1%
growth with sales increasing from 25,029 units recorded in January last year to
34,823 units to January this year. Two wheeler exports grew by 51.2% with sales
increasing from 19,232 units in January 2015 to 29,071 units in January 2016.
- India Yamaha Motor on Monday reported a 49.42 per cent
increase in domestic sales at 58,743 units in January.The company had sold
39,313 units in the same month a year ago, India Yamaha Motor said in a
statement.
- Continuing to grow rapidly in terms of month-on-month sales,
Royal Enfield has now registered its highest-ever monthly sales in January
2016. The Chennai-based motorcycle manufacturer recorded total domestic sales
of 47,140 units in January 2016, marking a substantial jump of 67.42 percent on
the 28,157 units sold in January 2015. The company had registered its previous
best in October 2015, a festive month last year, when it had sold 44,138 units
in the domestic territories. A closer look at Royal Enfield’s calendar year 2015
sales highlights that it breached the 40,000 unit sales mark for the first time
in August 2015, and since then it has continued to score over the 40k mark
every subsequent month.
- tul Auto posted a sales growth of 2% for the month of
January,2016, selling 3,708 units as against 3,636 units for same period
corresponding year.
- Hinduja Group flagship firm Ashok Leyland on
Monday reported a 30.47 per cent increase in total sales at 13,886 units last
month.The company had sold 10,643 units in January 2015.Sales of medium and
heavy commercial vehicles jumped 39.94 per cent to 11,208 units last month as
against 8,009 units in the corresponding period a year ago, the company said in
a statement.
- VE Commercial Vehicles on Monday reported a 13.59 per cent
increase in total sales in January at 3,768 units as against 3,317 units in the
same month last year.The company, a joint venture between Sweden's Volvo Group
and Eicher Motors, said Eicher-branded trucks and buses recorded total sales of
3,707 units in January compared with 3,262 units in the same month last year,
up 13.64 per cent.
Tata Motors sales for January 2016 at 47,034 units
Key Highlights:
- LCVs witnessed a growth of 12% in January 2016, bucking recent trends
- M&HCVs continued the strong growth with 30% in January 2016
- Company’s exports grew by 42% in January 2016
Tata Motors continued to witness year-on-year growth in the M&HCV segment in January 2016, with a growth of 30%. Total sales of Tata Motors passenger and commercial vehicles (including exports) were at 47,034 vehicles, higher by 10%, over 42,595 vehicles, sold in January 2015. The domestic sale of Tata commercial and passenger vehicles for January 2016 were at 41,398 nos. higher by 7% over 38,634 vehicles sold in January 2015.
Cumulative sales (including exports) for the fiscal at 411,979 nos., higher by 2% over 405,581 vehicles, sold last year.
Commercial Vehicles
In commercial vehicles, while M&HCV sales continued to grow at 14,693 nos., higher by 30%, over January 2015, the Light & Small Commercial Vehicle sales has witnessed growth at 15,977 nos., higher by 12% over January 2015. The overall commercial vehicles sales for Tata Motors in the domestic market at 30,670 nos., in January 2016, is an increase of 20%, compared to 25,587 nos., in January 2015. This significant increase has been enabled by LCV growth supplementing the already prevailing MHCV growth. This is the second consecutive month of growth in LCVs, after many months, and if sustained, could see return of growth in this segment, albeit on a low base.
Cumulative sales of commercial vehicles in the domestic market for the fiscal are at 258,325 nos., lower by 1% over last year. Cumulative LCV sales are at 134,774 nos., a decline of 15% over last year, while M&HCV sales at 123,551 nos., were higher by 23%, over last year.
Passenger Vehicles
In January 2016, Tata Motors passenger vehicles sales were at 10,728 nos., decline of 18%, compared to 13,047 nos. The wholesales of passenger cars in January 2016 were lower by 20% at 9,350 nos., compared to 11,637 nos., in January 2015 and the UV sales declined by 2% at 1,378 nos., in January 2016.
Cumulative sales of all passenger vehicles in the domestic market for the fiscal are 107,118 nos., higher by 2% over last year.
Exports
The company’s sales from exports were 5,636 nos., in January 2016, higher by 42% compared to 3,961 vehicles in January 2015. The cumulative sales from exports for the fiscal are at 46,536 nos., were higher by 15%, over 40,587 nos., sold last year.
Toyota Kirloskar Motor Sells 9,256 units in January 2016
- Camry Hybrid, the first locally manufactured hybrid in India, sells more than 1500 units in the Indian market since its launch in India in August 2013
- Toyota All Set to Showcase its Prowess in the MPV Segment & Hybrid Technology at the Auto Expo 2016
Toyota Kirloskar Motor (TKM) sold a total of 8,511 units in the domestic market and exported 745 units of the Etios series thereby clocking a total of 9,256 units for the month of January 2016. TKM sold 12, 650 units in the domestic market in January 2015 and exported 1,714 units of Etios series in the same period last year.
TKM Sold 139, 815 units in the calendar year 2015 thereby registering a cumulative growth of 5% when compared to the total domestic sales in 2014.
Camry Hybrid, the first locally manufactured hybrid in India sells more than 1,500 units in the Indian market since its launch in India in August 2013. The Camry Hybrid has received an overwhelming response from the India market. Pioneer of hybrids globally, Toyota will also have an entire zone dedicated to hybrid & alternative fuel technology where the automaker will be displaying Toyota's cutting edge innovations in both these fields.
Commenting on the monthly sales, Mr. N. Raja, Director & Sr. Vice President, Sales & Marketing - Toyota Kirloskar Motor said, "Our monthly sales have been affected and part of it is a repercussion of the recent ban on registration of diesel vehicles with engine capacity of more than 2000cc in Delhi & NCR.
We are looking forward to the upcoming Auto Expo where we will exhibit our prowess in the MPV segment and Hybrid technology. We are striving to offer our customers an engaging experience and usher in a new motoring experience, this Auto Expo", he continued.
Monday, 1 February 2016
Mahindra's Auto Sector sells 43,789 units during January 2016, registers a 10% growth
Mahindra & Mahindra Ltd. (M&M Ltd.), India's leading SUV manufacturer, today announced its auto sales numbers which stood at 43,789 units during January 2016 as against 39,930 units during January 2015, representing a growth of 10%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 22,088 units in January 2016 as against 19,573 units during January 2015, a growth of 13%. The company’s domestic sales stood at 40,693 units during January 2016 as against 37,045 units during January 2015. In January 2016, the Medium and Heavy Commercial Vehicles segment sold 611 units, registering a growth of 47%.
Exports for January 2016 stood at 3,096 as against 2,885 units in January 2015.
Speaking on the auto sales performance for January 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, "We are happy to have achieved a growth of 10% during January 2016 which has been possible due to the demand for our products especially the newly launched KUV100 and TUV300. The ensuing Auto Expo is expected to provide a strong fillip for the auto industry which would be beneficial for all OEMs. We are also hopeful that the upcoming Union Budget will have significant sops for the automotive industry, enabling it to post sustainable growth in times to come. We are also happy to see good growth in MHCV & Exports performances."
Sales Summary January 2016
About Mahindra
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
Maruti Suzuki Sales in January 2016
Maruti Suzuki India Limited leader in passenger vehicles sold a total of 113,606 units in January 2016. This includes 106,383 units in the domestic market and 7223 units in exports.
Domestic sales would have been higher, but lesser number of working days in January 2016 impacted overall production and dispatch.
The Company had sold a total of 116,606 units in January 2015.
The sales figures for January 2016 are given below:
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