Wednesday, 17 December 2014

Automotive Update - 17th December 2014

  • According to Google Zeitgeist 2014, Honda is the most searched auto brand. And, the most searched car in Google in 2014 is Honda Mobilio. It shouldn’t strike as a surprise that Honda Mobilio is the most searched in the year, as the MPV launched with a bang, as the long awaited contender against Maruti Ertiga. It also bridges the gap between aforementioned and Toyota Innova, in terms of price and premium positioning; hence the interest among the audience. Read more at http://www.rushlane.com/honda-is-most-googled-auto-brand-12139515.html#OkWTiJ3MJLAL8U7W.99
  • Swedish CV maker Volvo and Japanese carmaker Toyota have been adopting multiple strategies of Total Cost Management (TCM) to achieve cost effective ‘Made-in-India’ products with top-notch quality. The perspectives of these two auto majors attracted the attention of participants in the 13th edition of ‘International conference on Total Cost Management - New frontiers of Business Excellence through TCM’ organised by the Confederation of Indian Industry in Bangalore from December 16-17. Participating in the panel discussion titled ‘Make in India - Enhancing Firm’s Cost Competitiveness’, Kamal Bali, managing director of Volvo India, revealed a number of strategies the company has been adopting as part of its TCM policy. - See more at: http://www.autocarpro.in/news-national/volvo-toyota-bet-total-cost-management-strategies-7130#sthash.KoVm0rBG.dpuf
  • Leading auto manufacturerTata Motors is in the process of developing vehicles for the defence sector, which are capable of carrying weapons."We have successfully tested the vehicles meant for defence sector. We only need some time to complete more tests required for standard and quality," said A B Lall, plant head of the Jamshedpur unit of Tata Motors.(Etauto.com)
  • Japanese carmaker Nissan today announced a price increase of up to Rs 18,000 across its Nissan and Datsun range of vehicles on sale in India effective January 1, 2015.The prices of Nissan products will be increased up to 2.5 per cent, while the cost of Datsun cars will go up by up to 3 per cent. This translates into an increase of up to Rs 11,000 on Datsun cars and up to Rs 18,000 on Nissan range of vehicles.(financial express)
  •  Hyundai Motors is now planning to introduce its popular hatch i10 for the taxi market in Mumbai, Delhi, Bengaluru and Kolkata. Painted in black and yellow, the cabs will soon start their services in the selected metro cities. The South Korean automaker is introducing i10 in the Mumbai taxi market at the time when the city is expected to see 7,843 permits up for grabs in upcoming six months.(cardekho.com)
  • Ford India will recall 20,752 EcoSport cars in the country to correct concerns about fuel and vapour line corrosion in the long-term.The company in a statement on Tuesday said it will inspect variants of its EcoSport sports utility vehicle made at the company's Chennai plant between January 2013 and September 2014.(businesstoday.in)
  • Harley-Davidson India announced the opening of two new independent dealerships. The first of the two dealerships is the Diamond City Harley-Davidson located in Surat, Gujarat. The second dealership is the Tusker Harley-Davidson in Bengaluru, Karnataka. With this, there are now 17 authorized Harley-Davidson dealerships across India. The company plans to continue growing its dealer network and partnerships across the country in the coming year with a focus on expanding its presence in Tier I cities and foraying into newer Tier II cities.(motoroids.com)
  • Auto major Mahindra & Mahindra may observe up to 7 days in a month as 'No Production Days' at some of its plants till March 2015."The company as part of its efforts to align its production with sales requirements, may observe on a need basis, 1 to 7 days in a month as 'No Production Days' at some of its automotive and/or tractor plants and /or Chakan plant of its wholly owned subsidiaryMahindra Vehicle Manufacturers Ltd during the period up to March, 2015," Mahindra & Mahindra said in a filing to BSE.(ETauto.com)



Tuesday, 16 December 2014

Automotive Updates - 16th December 2014

  • Automotive parts makerMotherson Sumi Systems will acquire Germany's Scherer & Trier in a deal worth Rs 283 crore, a move that will help the company to offer a diverse polymer products.The consideration payable is about 36 million euros (about Rs 283 crore) for the assets including land, building and inventories along with its shareholding in Mexican entities.(ETauto.com)
  • After Maruti Suzuki and Tata Motors’ foray into Philippines’ booming car industry, another major Indian automaker has decided to follow suit. The automaker in question is Mahindra & Mahindra – a brand which already enjoys a healthy presence in other global markets like Australia, Middle East and Africa.  ccording to the Inquirer, Mahindra will enter Philippines in partnership with The Colombian Group (TCG) which will act as the Indian brand’s official distributor in the local region. The Colombian Group’s existing network of partners includes brands such as BMW, Kia and Peugeot. (cartrade.com)
  • DSK Motorwheels, owned by the diversified conglomerate DSK Group, plans to invest Rs 400 crore to set up a plant nearPune to manufacture recently unveiled superbikes of Italian brand Benelli and Korean brand Hyosung. "We are in the process of building a full new unit in Maharashtra, very close to our current plant in Pune. For a start, we are looking at 120,000 units per shift and will be ready for production in the next two years,"Shivapada Ray, chief operating officer ofDSK Motorwheels told ETAuto. (ETauto.com)
  • Officials at Hyundai Motor India (HMIL), a wholly owned subsidiary of South-Korea’s Hyundai Motor Company, are talking to the state government of Rajasthan as the company is now aggressively scouting for land to set up its manufacturing facility at a location preferably in the north or western region of India. When contacted by Autocar Professional for a clarification, a Hyundai Motor India spokesperson said: "As regards your query on HMIL exploring opportunities in Rajasthan for expansion of operations, as of now we have no such plans." - See more at: http://www.autocarpro.in/news-national/exclusive-hyundai-motor-india-exploring-plant-site-rajasthan-7120#sthash.3OrBBMSU.dpuf
  • Ford India will recall 20,752 EcoSport cars in the country to correct concerns about fuel and vapour line corrosion in the long-term.The company in a statement on Tuesday said it will inspect variants of its EcoSport sports utility vehicle made at the company's Chennai plant between January 2013 and September 2014.(businesstoday)
  • Auto major Mahindra & Mahindra may observe up to 7 days in a month as 'No Production Days' at some of its plants till March 2015. "The company as part of its efforts to align its production with sales requirements, may observe on a need basis, 1 to 7 days in a month as 'No Production Days' at some of its automotive and/or tractor plants and /or Chakan plant of its wholly owned subsidiaryMahindra Vehicle Manufacturers Ltd during the period up to March, 2015," Mahindra & Mahindra said in a filing to BSE.(ETauto.com)
  • Scania Commercial Vehicles India, launched and showcased their range/services today, at the Bauma ConExpo 2014 in Delhi. Among the much awaited launch were the most powerful on-road truck in India, the Scania R 580 V8 (6×4) truck and market leading Scania P410 (8X4) Tipper with all-new 20 cubic meter SSAB body. At the expo Scania also launched Scania Oil and enhanced telematics services – Scania Fleet Management.(motoroids.com)
  • Volkswagen, the German premium carmaker, has completed seven years in India. Celebrating this achievement, the company has announced lucrative discounts and benefits on its top-selling cars. Volkswagen India is offering discounts & benefits on Polo hatchback, Vento mid-sized sedan and Jetta premium saloon until 31st December, 2014.(cartrade.com)



Monday, 15 December 2014

Automotive Updates - 15th December 2014

  •  In preparation for 'achche din' promised by the new government, India Inc has big plans for 2015 when it comes to hiring people and doling out pay hikes.On the platter for the job market, the companies are promising an estimated 3-5 lakh new jobs, an increase of 15-20 per cent in headcount and average pay hike of 10-12 per cent that can go up to 30 per cent for certain roles and sectors.(ETauto.com)
  • Scania R 580 V8 (6×4) truck and Scania P410 (8X4) Tipper with all-new 20 cubic metre SSAB body were launched at the ongoing Bauma ConExpo 2014 being hosted from 15-18 December 15 at India Expo Centre in Greater Noida / Delhi.(rushlane.com)
  •  Nittan India Tech, the Indian subsidiary of the Japanese auto majorNittan Valve, has inaugurated its production unit at Sri City."The Indian market is very promising, and this new unit will enable us to better respond to orders for engine valves from the OEMs (original equipment manufacturers) operating in India," Hisao Takahashi, president of Nittan Valve, said. (ETauto.com)
  • MapmyIndia, India’s leader in premium quality digital maps, GPS navigation, GPS Tracking Enterprise GIS Solutions and Location Aware web and mobile applications has partnered with Tata Motors to offer GPS navigation in Tata Motors’ new car – The Bolt. Instead of providing an in-dash embedded navigation suite, the company uses a technology that allows the MapmyIndia navigation application layer in the user’s smartphone to sync with the car head unit. Tata Motors’ customers will get a MapmyIndia Navigation app that has been specially coded for integration between the phone and in-dash screen. (motoroids.com)
  • Hyundai Motor India Ltd. (HMIL) has announced a price hike across the range effective from January 2015. The price hike ranges from INR 5,000 to 25,000 depending on the model. Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said that the price hike was due to “adverse market conditions, increase in input costs, high cost of imports due to higher rupee depreciation and high cost of sales.”Read more: http://indianautosblog.com/2014/12/hyundai-motor-india-price-hike-january-2015-161971#ixzz3LzrDvZv0 
  • The Suzuki Inazuma was launched at a hefty price of Rs. 3.10 lakh (ex-showroom, Delhi), and it failed to create any buzz in the market. The vehicle also failed to generate volumes for the maker. With this price tag and old-fashioned styling, the Inazuma could never manage to attract consumers. In-fact the company did slash the prices of this entry-level performance motorcycle by Rs. 1 lakh, thus making it more affordable. However, buyers didn’t have much for this bike. Finally, the company decided to remove this bike from its Indian portfolio.(cartrade.com)




Friday, 12 December 2014

Automotive Updates - 12th December 2014

  • The Ministry of Transport, Government of India has proposed few changes in the Road Transport and Safety Bill pertaining to the stringent recall norm. Earlier, the car makers were up in arms against the tough recall norm, where Bill had provision about 100 complaints to force a recall. The revised draft of the Bill has made no mention about the number of complaints, much to the relief of the auto makers.The Bill has proposed to establish a National Authority to deal with vehicle safety issues, where it has made provision to empower the Authority to recall any faulty vehicle that could endanger the driver and the occupants and other road users. Read more: http://indianautosblog.com/2014/12/india-vehicle-recall-modified-161729#ixzz3Li2aZ900 
  • Auto component firm Pricol today said it will acquire a Brazil-based auto component maker for making a foray into the Brazilian market. The company, however, did not disclose financial details of the acquisition. "Company at the meeting held on December 11, 2014, has proposed to acquire 99.99 per cent of stake in a Brazil-based auto component manufacturing company through its wholly owned subsidiary incorporated inSpain," Pricol said in a BSE filing. (ETauto.com)
  • Continental, a well-established company dealing in automotive components are famous for supplying, manufacturing and developing of anti-lock braking system for bikes. It has been in this industry for the last 10 years. Finally, after extensive research, the company has introduced and enhanced the Motorcycle Integral Brake (MIB) system. A new system has been introduced by introducing a new function – the curve braking system optimised for making it more effective when the motorcycles are taking a curve.(cartrade.com)
  • Tractor manufacturer Same Deutz Fahr launched its Deutz Fahr 3E tractor series to address demand in the 35-42 hp category in India. According to the vice-chairman, Same Deutz Fahr, Francesco Carozza, “India is an integral part of the global growth of the Deutz Fahr brand, both in terms of it being a global manufacturing hub, and a growing market for our tractors. With the launch of the all new 3E tractor series, we mark a new beginning in providing our cutting edge technologies to a new mass segment of buyers. These tractors will enable a whole lot of Indian farmers to access this class of technology for the first time, thereby enabling them to have better productivity.” - See more at: http://www.autocarpro.in/news-national/deutz-fahr-launches-3e-tractor-series-35-hp-segment-india-7093#sthash.kbUtpVBF.dpuf
  • Powered by a new 160 cc engine. The Honda CB Unicorn 160, a make-or-break model for the manufacturer in the competitive 150-160 cc segment, will be launched on December 18. The CB Unicorn, among other features, will get a fully digital dashboard.Read more: http://indianautosblog.com/#ixzz3Li1zJURZ 
  • In a bid to strengthen its position in the Indian market, Audi, part of Volkswagen group, is planning to introduce 10 new products in 2015. As of now, the Ingolstadt-based manufacturer sells 17 models in India."Next year we plan to launch around ten products in the Indian market. It is going to be an exciting and busy year for us," said Joe King, Head, Audi India.(cardekho.com)
  • Tata Motors plans to almost double its dealer network in the country by 2020, targeting rural areas and cities alike, as the company looks to claw back to a dominant position in the domestic passenger car market.Tata Motors, which currently has around 500 touch points across the country, aims to add equal number of dealerships to expand its presence.(businesstoday.in)
  • BASF recently broke ground on a new Innovation Campus in Navi Mumbai, India. The company will invest approximately 50 million euros (Rs 382 creore) via BASF Chemicals India, a wholly owned subsidiary of BASF SE. The facility will accommodate around 300 scientists investigating areas such as crop protection, process development and polymer research. In 2020, BASF aims to generate €30 billion of sales worldwide with products that have been introduced in the market since 2011. The basis for these innovations is effective and efficient research and development. - See more at: http://www.autocarpro.in/news-national/basf-breaks-ground-innovation-campus-mumbai-7092#sthash.y9fqLvDc.dpuf
  • Snapdeal.com, the e-commerce website is back in the news. In September 2014, it began pre-bookings for the 2014 Mahindra Scorpio on its website. This time around, it will facilitate bookings of the entire vehicle range of Hero MotoCorp on its website.Prospective buyers will have to pay a fixed sum of Rs.10,000 at the time of online booking. Do remember that neither is this amount refundable nor can the booking cancelled.(teambhp.com)
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Automotive Updates - 11th December 2014

  • Audi India today launched the A3 Cabriolet at Rs 44.75 lakh (ex-showroom, Delhi). The Cabriolet carries a higher price-tag than its sedan counterpart because it will be fully imported by the carmaker as a CBU. This soft-top iteration of the A3 was first showcased at the New Delhi Auto Expo 2014. In terms of design, the Cabriolet looks similar to the sedan. The fabric roof of this two-door, four-seater can be retracted in less than 18 seconds, and till speeds of up to 50kph. It retains the bi-xenon headlamps with daytime running LEDs and LED tail-lamps. - See more at: http://www.autocarpro.in/news-national/audi-launches-a3-cabriolet-india-rs-4475-lakh-7085#sthash.wMXdbjxh.dpuf
  • Maruti Suzuki, the country’s largest car manufacturer has firmed up a deal with Indian Army for the supply of 4,000 Gypsy SUVs, bidding through a Government tender. Although the company has not revealed the value of the order, logically speaking, if we calculate the Ex-Showroom price of each unit of Maruti Gypsy, this should work out Rs.5.42 lakh apiece and the total worth of the order should be in the range of Rs.240 crore.(indianautoblogs.com)
  • German luxury car maker Audi plans to launch around 10 new models next year in India as it looks to further consolidate its position in the country. "Next year we plan to launch around ten products in the Indian market. It is going to be an exciting and busy year for us," Audi India Head Joe King told PTI. (ETauto.com)
  • Ceat Tyres today announced its plans to invest Rs 400 crore in a state-of-the-art tyre plant in Butibori, Nagpur. In an event organised to commemorate the foundation stone laying ceremony of the new plant, the chief minister of Maharashtra, Devendra Fadnavis laid the cornerstone for the plant that will be set up in three phases. In the first phase (2014- 2016), Rs 400 crore will be invested. The completion of the phase one of the plant and the first tyre rollout from the plant is slated for April 2016. This state-of-the-art tyre plant will be spread across 60 acres of land and is expected to manufacture 1.2 million tyres. - See more at: http://www.autocarpro.in/news-national/ceat-tyres-set-rs-400-crore-plant-butibori-nagpur-7084#sthash.zfSMTQBW.dpuf
  • Tata-owned car manufacturer Jaguar on Monday launched new edition of Jaguar XF priced at Rs.45.12 lakh (ex-showroom Mumbai)."We are excited to introduce Jaguar XF 2.2L diesel executive edition, at an attractive price point," said Rohit Suri, vice president, Jaguar Land Rover India.(businesstoday.in)
  • Fiat, the Italian carmaker is gearing up for the launch of highly rated Abarth 500 Competizione in the Indian car market this month. Set to rival the new MINI range, the Abarth 500 is expected to be launched in the third week of December, 2014.(cartrade.com)
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Monday, 8 December 2014

Two wheeler Sales - November 2014

  • Sales Number by respective Manufacturer in November 2014







  • YOY Growth 







  • Estimated Market Share for Nov. 2014







Tuesday, 2 December 2014

Automotive Updates - 2nd December 2014

  • Tyre major MRF  has proposed to increase capacity at its eight manufacturing facilities across the country as part of its capital expenditure plan. "The company, in line with its long term strategy, proposes to increase capacities across all its existing factories," MRF said in its reply to the BSE. (ETauto.com)
  • Tata Motors has announced that it has received an order for 1,542 Sumo Gold utility vehicles from various police and law enforcement agencies across the country. The Sumo Gold, which sells about 1,000 units a month, has a claimed fuel economy of about 15kpl and low cost of ownership, the company said in a statement.   (autocarpro.in)
  •  India's two-wheeler giant, the Hero Group, has signed American golf legendTiger Woods as its brand ambassador in a four-year deal that targets capturing new markets in North America and Europe.The deal, for an undisclosed amount, can be termed as the biggest for an Indian manufacturer in terms of association with a global icon is concerned. (ETauto.com)
  • Porsche India has launched the refreshed 2015 Cayenne SUV with prices beginning at INR 1.02 crores. (indianautoblogs.com)
  • Tata Motors Ltd is preparing to increase production of heavy-duty trucks and buses on expectations of higher demand for such vehicles after two years of decline, said two persons familiar with the auto maker’s plan. Lower inflation and a drop in the price of diesel after it was deregulated has triggered expectations of a pick-up in demand for heavy commercial vehicles, sales of which are a barometer for the larger economy.(livemint.com)
  • Austrian motorcycle manufacturer KTM has officially confirmed the firm’s plans of conceptualising and making new V-twin drivetrains. The company’s Chief Executive Officer, Stefan Pierer, was present at the EICMA automobile show in Milan and spoke about the introduction of new middleweight motorcycles, which will feature engines with a capacity ranging from 600 cc to 800 cc.(cartrade.com)
  •  Mercedes-Benz is on a roll, after opening a dealership in Mumbai today morning itself, the car manufacturer has now inaugurated a new outlet in Surat, Gujarat. Located at Surat Dumas Road, Piplod, Suratand, the new showroom was inaugurated by Eberhard Kern, Managing Director & CEO, Mercedes-Benz India and Sanjay Thakker, Managing Director, Benchmark Cars. With six outlets across major cities in the state, the company enhances its dominant position and continues to be the luxury manufacturer with the densest network in the country.(cardekho.com)
  • Honda Motorcycle & Scooter India Pvt. Ltd. has again set a fresh benchmark to educate citizens about the importance of road safety by training more than 6000 individuals at the IITF 2014(India International Trade Fair). Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) in association with Delhi Traffic Police participated in the 34th India International Trade Fair 2014 held at Pragati Maidan, New Delhi to spread the message of road safety among masses.(motoroid.com)
 
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Automotive Update - 1st December 2014

  • As a part of its ongoing overseas expansion, Hero Motocorp is planning to setup manufacturing plants in Brazil and Argentina, two of Latin America’s largest two-wheeler markets. Hero Motocorp has already started construction of its wholly owned manufacturing facility in Colombia and will become the first Indian two wheeler maker to have manufacturing presence in Latin America. Talking to PTI Mr. Pawan Munjal, MD and CEO, Hero Motocorp, said that the company will set up a plant in Brazil, and is also planning to manufacture products in Argentina.(indianautoblogs.com)
  • While not officially calling it a recall, Maruti Suzuki India has announced that it will proactively undertake a ‘Service Campaign’ to inspect a suspected fault and replace the relevant part of clutch operation system of a batch of 3,796 Ciaz (manual transmission) cars.  These cars are among those manufactured till November 7, 2014. The sedan was launched in October in the Indian market. (autocarpro.in)
  • The Honda City, after losing its segment leadership position to the new Maruti Ciaz in October 2014, has reclaimed its crown. November 2014 saw Honda Cars India sell 7,252 units of the City, whereas Maruti sold 5,232 units of the Ciaz. Sales of the Ciaz dropped by 17 percent compared to October 2014. (indianautoblogs.com)
  • Toyota India has recalled 5,834 Corolla Altis sedans manufactured from June 15, 2010 to May 23, 2011. The recall is to fix the problem of engine oil seeping into the air intake system.There have been no complaints pertaining to this fault and none of the other models manufactured by the company during that period has any issues. Toyota dealerships will contact customers by issuing a letter or a telephone call and the repairs will be carried out free of cost. Customers will be informed about the time required for the repairs during the time of communication. (carwale.com)
  • Maruti's entry level model Alto 800 ranks highest in the entry compact segment for initial quality, while rival Hyundai's i10 gets the top slot in the compact segment, said a study on Thursday.According to JD Power 2014 India Initial Quality Study rankings, Maruti Suzuki Alto 800 ranks highest in the entry compact segment with 97 problems per 100 vehicles (PP100), while the company's Swift ranks highest in the premium compact segment with 78 PP100.(cardekho.com)
  • Ford EcoSport will now be available under Canteen Stores Department (CSD) and Central Police Canteen (CPC) across the country.In addition to standard benefits offered under CSD and CPC, Ford India claims that it will extend benefits such as priority delivery to serving and ex-service personnel, subject to variant availability.(teambhp.com)


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Monday, 1 December 2014

Automobile Sales India - November 2014



  • Country's largest car-maker Maruti Suzuki India (MSI) today reported a 19.5 per cent increase in total sales in November at 1,10,147 units as against 92,140 units in the same month last year.
  • Hyundai Motor India Ltd (HMIL) today reported an increase of 8.7 per cent in total sales at 54,011 units in November 2014.The company had sold 49,681 units in the same month last year, it said in a statement.In the domestic market, Hyundai sold 35,511 units last month as compared to 33,501 units in November 2013, up six per cent.During the month, Hyundai’s exports increased 14.7 per cent to 18,500 units as against 16,180 units in the same period last year.
  • TVS Motor Company posted a sales growth of 36% during the month of November 2014, with total sales increasing from 161,908 units recorded in the month of November 2013 to 220,046 units in the month of November 2014.
  •  Toyota Kirloskar Motor today reported 11 per cent increase in total sales at 14,134 units in November 2014. The company had sold 12,748 units in the corresponding month of previous year, Toyota Kirloskar Motor (TKM) said in a statement.
  • Honda Cars India today reported 64 per cent increase in domestic sales at 15,263 units in November. The company sold 9,332 units in November 2013, Honda Cars India Ltd (HCIL) said in a statement.  
  •  Eicher Motors today said its motorcycle division Royal Enfield reported a 52 per cent jump in total sales in November at 27,542 units as against 18,131 units in the same month last year.
  •  Hinduja Group flagship company Ashok Leylandtoday reported a 44 per cent jump in total sales at 7,732 units for November, 2014, as against 5,375 units in the same month last year. 
  •  Country's largest two-wheelermaker Hero MotoCorp today reported 3 per cent increase in its sales in November at 5,47,413 units. The company had sold 5,30,530 units of two-wheelers in November 2013. 
  • Ford India today reported an overall increase of 5.90 per cent in total sales at 12,762 units in November. It had sold 12,050 units in the same month of last year, Ford India said in a statement.


Saturday, 29 November 2014

Automotive Updates - 28th November 2014

  • Lumax Industries, one of India’s leading suppliers of auto lighting equipment, plans to invest Rs 300 crore over a five-year period that includes investment in technology and for expansion at its existing plants and a likely future Gujarat facility, said Deepak Jain, managing director. He was speaking at the 25th anniversary of the company’s listing on the Bombay Stock Exchange. Jain said investments in technology will be about Rs 100 crore and the company has made a start with Rs 25 crore. Over the past two years, the company has invested Rs 160 crore in its Bawal and Bangalore plants and is geared up for increased business from Maruti Suzuki, Honda Cars India and two-wheeler business. In the South, the company has added Toyota Kirloskar Motor as one of its newest customers. The company has a strong order book for commercial vehicles, added Jain. (autocarpro.in)
  • Triumph, the legendary UK super premium motorcycles brand is betting big on Indian market after starting operations in the country 11 months ago.“India is a strategic market for Triumph. Since the last 11 months, more than 1000 motorcycles have been sold which is beyond expectations,” Vimal Sumbly, Triumph Motorcycles India managing director said today. (financial express)
  • The Honda Gold Wing GL1800 has been launched in India to mark the iconic tourer’s 40th anniversary. The mighty two-wheeler starts at a whopping price of INR 28.50 lakhs (40th Anniversary Audio Comfort variant) while the range-topping Airbag variant would set you back by INR 31.50 lakhs (both are ex-showroom New Delhi).(indianautoblogs.com)
  • Following the recent recall of its Camry sedan, Toyota has now issued a recall of its Corolla Altis sedan. A part of the global recall, the affected cars in India comprise only the diesel variants. The recall covers 5,834 Corolla Altis diesels manufactured between June 15, 2010 and May 23, 2011. Although no complaints have been received yet, the recall is being carried out to rectify a problem that leads to the engine oil entering the air-intake system. (Autocarpro.in)
  • Isuzu Motors is keen on establishing a 107 acre truck manufacturing base at Sri City SEZ in Rayalaseema region of Andhra Pradesh, in collaboration with their Thailand facility. The Japanese automaker currently has ten truck making plants around the world, and this new production house in AP will help them make India one of its export hubs to distribute passenger utility vehicles and pickup trucks to up and coming markets in Southeast Asia, West Asia and Africa.(rushlane.com)
  • On a roll after its recent spate of launches, Honda Cars India (HCIL) is targeting a sales number of three lakh in the financial year 2016-17. This estimated sales figure is more than twice the numbers they did in 2013-14 wherein they sold 1,34,000 units. Also, starting this fiscal, until October the company has already sold about one lakh units. "We have focused on expanding our business in the country and would like to raise the sale of cars to cross the 3,00,000 mark in financial year 2016-17," HCIL Vice President (Marketing and Sales) Janeshwar Sen told reporters.(carwale.com)
  • Hyundai Xcent made its forte in the Indian sedan segment earlier this year, and since then there has been no looking back for the brand in India. Hyundai Xcent a sub-4 meter sedan is stated to be based on the popular Grand i10 hatchback platform. In Mexican markets, the vehicle is known as Grand i10 sedan. The top end GLS trim retails at 168,900 MXN, whereas the GL MID is offered at 1,54,900 MXN and the base trim i.e GL is offered at 134,900 MXN Pesos.(cartrade.com)
  • Making its debut as brand ‘Hero’ in Columbia, the Indian two-wheeler giant has launched six of its best selling models and will be sold through the company’s 120 outlets spread across the Latin American country. The launch in Columbia is in-sync with the company’s objective of clocking 1.2 million unit sales from its global business by the year 2020. Further expanding its presence in Columbia, Hero will be increasing its dealerships to 150 outlets in a year’s time.(motorbeam.com)