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| New
Bentley Continental Flying Spur Speed comes to India |
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Following the highly successful introduction of
the Continental GT Speed coupe in 2007, Bentley has launched the
Bentley Continental Flying Spur in India.
Powered by a 5998 cc, 6-cylinder, 600 bhp
engine, the Continental Flying Spur Speed develops 15 per cent
more torque and nine percent more power than the standard Flying
Spur, while engine efficiency is optimized by the use of lower
friction, lighter-weight components and a new engine management
system. The resultant performance is exceptional, with a top speed
of 322km/h, a zero to 60mph sprint time of just 4.5 seconds
(0-100km/h in 4.8s) and effortless overtaking capability.
The most powerful four-door Bentley ever made,
the Flying Spur Speed blends understated design cues to
distinguish it from the Flying Spur. Its front grille and lower
air intakes are dark-tinted chrome, while at the rear wider rifled
sports exhaust tailpipes hint at the potential of the Speed model.
The luxury saloon is priced an approximate Rs 2.5 crores.
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| More
Logans for South Africa |
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M&M has received an order for 500 Logans
from South Africa. This is in addition to the 500 Logans exported
to South Africa earlier, taking the total number of Logans
exported to 1000 units. 200 Logans were despatched to South Africa
last month.
The Logan model exported to South Africa is the
GLSx petrol , which features several state-of-the-art features
such as Anti-lock Braking System (ABS), anti-rust warranty and a
sophisticated Driver Information System that provides the driver
with detailed information including average speed, mileage, fuel
consumption and distance the car can travel with existing level of
fuel.
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| Nano
Settles for Gujarat |
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After a painful exit from Singur in West
Bengal, Tata's most exciting project yet, the much talked about
small car Nano has settled for Sanand in Gujarat. After facing
violent protests at Singur, it was in early October 2008 that
Ratan, Chairman, Tata Motors announced the pullout from Singur
after a meeting the West Bengal CM, Buddhadeb Bhattacharjee and
minister in charge, department of commerce and industries, Nirupam
Sen. If Tata had expressed anguish over the heightened level of
agitation and hostility by the opposition parties in West Bengal
over the Nano project, and which would result in a concern for the
physical security of their staff, contractors and vendors, the
mood in Sanand after the formal announcement by Ratan Tata and
Gujarat CM Narendra Modi was that of celebration.
Interestingly, the 1,100 acres of land
sanctioned to the Nano project will have an initial capacity of
250,000 cars and which would be expanded to 500,000. Adjoining the
mother plant will be a vendor park even as the industry experts
hinted at vendors setting up shops in the industrially active belt
of Rajkot, not very far from Sanand. While Modi announced that the
land for the project was issued at the prevailing market rate,
Ratan Tata expressed his happiness at the speed at which the
infratstructure and facilities were made available.
He added, “The site in Gujarat, already under
the possession of the state government, will help Tata Motors
establish a new dedicated mother plant with the shortest possible
time lag and least possible incremental project cost. This is Tata
Motors’ maiden venture in Gujarat, and will broad-base the
company’s manufacturing footprint. We are happy to contribute to
Gujarat’s strong industrial progress by creating an auto
cluster, which will have a cascading impact on the state’s
economy”.
While the Sanand plant is expected to take a
year to complete, the Nano, claim sources close to Tata Motors,
would be made at Tata's Pantnagar and Pune plant to reach the
market within the time interval announced earlier.
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| Hindustan
Motors Launches Mitsubishi Outlander in India |
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Hindustan Motors and Mitsubishi Motors,
launched Mitsubishi Outlander SUV recently. Assembled at HM's
Chennai plant, the Outlander is priced at Rs 20 lakhs
(ex-showroom). A modern and stylish looking vehicle, the Outlander
combines Mitusbihi's rally and sporting experience. It is powered
by a 2.4 litre, 16 value MIVEC ( Mitsubishi Innovative Value
Timing and Electronic Contols system) Petrol engine that does
170PS of power and 226 Nm of torque. Drive is through a
electronically governed all-wheel drive system.
A monocoque construction, the Outlander's
interior has been designed for maximum ease of space and
convenience. The remote folding rear seats can be tumbled from the
tailgate when loading large items, at the touch of button. The
vehicle can accommodate five occupants with relative ease. Its
smart key enables locking or unlocking of the doors and tailgate,
and turns on or off the ignition without inserting a key. The SUV
also comes fitted with customized speaker and 650 Watts Rockford
Fosgate Music System.
Other features include dual stage front and
co-passenger air bags, automatic climate controls a/c, reverse
parking sensors, cruise controls, multi information display
system, security alarm, power and heat seat engine immobilizer and
over a dozen big and small storage spaces.
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| Tata
Motors Exit from Singur |
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The curtains came down on Singur on the evening
of 3rd October, 2008 as Ratan Tata, chairman of Tata Motors
announced his company's decision to withdraw the Nano project from
Singur. Addressing the media post the announcement of the pullout,
Tata expressed anguish over the heightened level of agitation and
hostility by the opposition parties in West Bengal over the Nano
project, and which would result in a concern for the physical
security of their staff, contractors and vendors. “Through the
two years we have faced enormous destruction, and assault and
intimidation on to some of our people. By taking all things into
account, mainly the well being our employees, the security of our
contractors and in fact our vendors also, we have taken the very
regretful decision to move the Nano project out of West Bengal”,
he added. “There is responsibility to our shareholders, we
cannot let lie something in limbo, cannot let our investment lie….and
I do hope that where ever we move we can look back and learn a
lesson a congenial environment will be there for such a project to
prosper”.
Prior to announcing the decision, Rata Tata had
a meeting with the West Bengal chief minister, Buddhadeb
Bhattacharjee and minister in charge, department of commerce and
industries, Nirupam Sen. With the exit from West Bengal certain,
the Nano is now expected to roll out from Pantnagar where Tata
already makes the Ace LCV, followed by Dharwad where Tata is said
to have just started the rollout of Marcopolo buses. If West
Bengal would ever be a part of Nano project in the future, it is
expected to be a satellite facility, and part of an arrangement
that would resemble “hub and spoke”. Again depending on the
situation then. The question at present is how much would the Nano
project get delayed and what would be the cost implcations. The
answers to which are expecte dto be announced in the coming days.
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| Chinese
Take the Low-key Route to Paris |
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Visitors at the Paris Motor Show this year will
notice the absence of Chinese players like Great Wall and Landwind,
which put up huge displays at the 2006 show. Only two Chinese
players, Brilliance and China Automobile France, made an
appearance this year. The reasons attributed to the absence of a
large number of Chinese players is the combination of tough
European conditions, a focus on serving the fast-growing China
market, and difficulties in adequately meeting European emissions
and crash-testing standards, all of which are said to have
dissuaded the Chinese from making a major play for Europe right
now.
And while some of the manufacturers, notably
Great Wall, drew praise for some of their designs, they have yet
to sign up any distributors in major European markets. Brilliance
is already selling cars in Europe, and is rolling out a range of
models in a number of markets, but progress has been slow, and a
poor EuroNCAP score has done its image no good. The same problems
– especially a much-publicised independent crash test – has
sent Landwind back to the drawing board. The company now plans to
wait until it has more suitable models before making a play in
Europe.
The other Chinese exhibitor, the French
division of China Automobile Deutschland, a controversial German
company that caused a major cry at last year’s Frankfurt Show,
when it upset a number of manufacturers by showing cars that were
blatant copies of established models, including the BMW X5 and
Toyota RAV4, showed two new original models – a leisure-oriented
lightweight 4x4 called the Kiff. This is made by Shanghai Xingyue
Power Machinery co, and is powered by a 812cc three-cylinder Chery
petrol engine. It’s on sale now, priced around £8,000. The
other was a cute electric city car called the Chika. This
prototype was designed by China’s best-known car stylist Li Shi
Guang Ming, who is working on a range of original designs for
China Automobile.
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| Ford
to Launch Small Car by 2010 |
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Armed with a $500-million investment outlay,
Ford Motors has set early 2010 as the target to launch a small car
in India, start its new engine-making unit and double the assembly
line capacity, a top official said in Chennai. The US-based giant
will also unveil its refurbished Ikon by next month to expand its
range of offerings in the country that includes Fusion, Endeavour
and Fiesta, said Michael Boneham, Managing Director and President
of Ford India. "Ford now has a presence in only 30 per cent
of India's automobile market segments. We are entering other
segments too.
These are exciting times," Boneham told a
news agency at the company's factory at Maramalai Nagar on the
outskirts of the Tamil Nadu capital. "We are also
commissioning a new engine manufacturing unit. It will serve both
the domestic and global markets. It will have the flexibility to
produce diesel and petrol engines. The idea is to go for higher
localisation in the months to come," he added.
Speaking about the small car project, the Ford
official said it was being designed and developed specifically for
India by a global team. "It will meet the needs of Indian
conditions - like water wading, air-conditioning and emission
standards," he said.
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| Audi
Starts Local Assembly of New Model |
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Germany-based automobile major Audi announced
the local assembly of its new model, Audi A4, at its Aurangabad
plant in Maharashtra, the company said in a statement. "Audi
A4 is our second Audi model to be produced at our group plant in
Aurangabad after the Audi A6," said Frank Dreves, Member of
the Board of Management for Production at Audi AG. "By 2015,
we will have over 11,000 Audi A4 and 7,000 Audi A6 models on
Indian roads. The investment would be over 30 million euros (Rs
1.68 billion) for our Indian production site," he
added.
Peter Schwarzenbauer, Member, Board of
Management for Marketing and Sales, said India was one of the most
important future growth markets for his company. "Compared to
last year, the sale of our cars this year has gone up by over 190
per cent to 700 units," Schwarzenbauer said. Audi aims to
sell about 1,000 units of the whole model range this year, 3,000
units per year by 2010 and 10,000 units per year by 2015, the
company said.
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| New
Fuel Efficient & Cleaner Diesel Engine from Hyundai |
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The Powertrain R&D Center of Hyundai Motor
Company has completed development of a new, more fuel efficient
and cleaner diesel engine for compact passenger vehicles.
Displacing 1,582cc, the U2 is an inline four cylinder engine which
utilizes second generation common rail diesel injection system to
deliver class-leading performance, a fuel economy rating of 4.7
L/100km, low emissions (125g CO2 /km) and is compliant with the
latest Euro4 emission standards.
By combining their advanced engineering
know-how with state-of-the-art technologies such as a variable
geometry turbocharger, a variable swirl control system and an
electronically controlled exhaust gas recirculation (EGR) cooling
system, the U2 development team was able to successfully optimize
the ports and combustion chambers. The optional particulate filter
reduces particulate matter to Euro 5 standards which take effect
next year. The first car to have the U2 engine installed will be
the successor model of the Getz, the all-new i20 sub–compact.
The i20, due to be launched in Europe towards the end of 2008,
will be produced at Hyundai Motor Co’s Indian subsidiary in
Chennai.
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| New
Arc Welding Solution from Kuka |
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Kuka Robotics (India) has launched a new arc
welding solution. A 100 per cent subsidiary of Kuka Roboter GmbH
of Germany, Kuka India displayed the new arc welding solution at
the recent Automation 2008 fair held in Mumbai and based on its KR
16 model. The KR 16 was displayed with the Kuka Positioner DKP-400
(which can carry a job of around 400 kg for welding). The robot
and the positoner work in sync to get the job welded effectively
and very fast. This is a typical application and Kuka has proved
its technical superiority of this application worldwide over and
over again.
At Automation 2008 the company also displayed a
KR210 applied in a typical material handling application (a most
common application in every industry worldwide), and is the same
as the widely used robots at Tata Motors and other OEM’s. Kuka,
which is claimed to have received a order from Volkswagen for its
plant at Chakan near Pune has supplied its solutions to a number
of automakers in India. The company has managed to install 600
robots in a span of two years.
To provide the needed support and service, Kuka,
a year ago established a training centre at Pune, which is
considered to be one of the best facilities outside Germany.
Kuka's clientele in India includes a number of leading auto and
other industrial corporations like M&M, Reliance industries,
Ashok Leyland, Bhel and Hyundai India. While Hyundai is also said
to have been supplied with robots for its new plant at
Sriperambudur, the company, supplied 300 industrial robots to Tata,
which aid the manufacture of a range of new products. Especially
the New Tata Indica, Sumo Grande and the Xenon.
With the new solutions displayed at Automation
2008, Kuka (India) aims to establish its strong position in the
Indian Market, which is one of the world’s fastest growing robot
markets. Customer and market proximity are a requirement and key
to the success of Kuka Roboter GmbH. This is the only way of
establishing relationships that lead to the innovative solutions
for the future. The Kuka product range extends from a payload
capacity of five to 1,000 kilograms. Courtesy the KUKA modular
system, six basic models can currently be produced in more than
250 variants tailored to the customer’s requirements: with
longer or shorter axes, for example, or as a shelf-mounted robot.
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| Hyundai
Ups Production by 62 % |
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Hyundai Motor India has upped the production at
its Sriperambudur plant by 62 per cent to meet the rising demand
for its cars, especially the i10. The company has started the
third shift of operations at its new plant, which started in
February this year, and is dedicated largely to the production of
the i10.
Since its launch in October 2007, sales of this
popular compact car have reached 172,000 units in less than one
year of its launch and, with the third shift in operation, the
daily unit production has gone up from 800 to 1300, a 62 per cent
jump, to help meet demand.
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| IAC
Announces Plant in India |
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The International Automotive Components Group (IAC)
has entered India by announcing the setting up of a
manufacturing facility in Pune. The ground breaking
ceremony for the plant in Chakan was held recently, and
construction will soon begin for a 150+ thousand square foot
manufacturing and engineering operation.
“IAC is now the third W L Ross company with a
meaningful presence in India,” said IAC Group Chairman Wilbur
Ross. “We are delighted that IAC has been invited into India to
supply Mahindra & Mahindra and Volkswagen. Pune is an ideal
first location for IAC and we hope that future business
opportunities will cause us to put factories in the two other
major automotive centers, as well.”
The new facility, which will represent a
capital investment of approximately $25 million, will manufacture
vehicle interior components and systems, including instrument
panels, cockpits and door assemblies for Indian domestic market
passenger cars and medium/heavy duty trucks. The manufacturing and
engineering operation is scheduled to be completed by the third
quarter of 2009, at which time it will immediately begin
supporting development and production programs for customers. IAC
was awarded several new contracts to supply interior and exterior
components to a future Mahindra & Mahindra (M&M) utility
vehicle, a Mahindra Navistar Automotive Ltd. (MNAL)
medium/heavy-duty truck program and a Volkswagen Polo small car
program – all of which will be supported at this new
location.
The groundbreaking follows a series of recent
expansion initiatives by IAC into Asia. In early 2008, IAC
established a 12,000 sq ft. engineering and administrative
facility in Pune. Previously, IAC added two engineering, program
management and sales locations in Yokohama and Nagoya, Japan, as
well as Asia headquarters operations in Shanghai, China. Each IAC
location in Asia is within 200 miles of customers’ facilities.
The Nagoya facility is managed in partnership with IAC’s joint
venture partner, Mitsuboshi Belting Kaseihin Co., Ltd. – one of
the largest instrument panel suppliers in Japan.
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| ALL
Pact with TN Govt for Land to New Plant |
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Auto major, Ashok Leyland has signed a
Memorandum of Understanding (MoU) with the Government of Tamil
Nadu for acquiring 380 acres of land at Pillaipakkam, 40 kms from
Chennai, for setting up a plant to produce LCVs in a joint venture
with Nissan. The plant will house, among other things, a
powertrain manufacturing facility and a technology development
unit. The first vehicle is likely to roll out in 2010-11.
Ashok Leyland also announced its expansion
plans in respect of its MDV capacity under the MoU with the
Government of Tamil Nadu. The company has committed further
investments at Ennore, Hosur and new locations including a
Greenfield site near Chennai. These investments will create
integrated facilities for engines, gearboxes, press shops, chassis
and parts. The combined investments for the two projects will be
over Rs. 40 billion. Taken together, the new facilities will
create more than 4,000 new jobs in these companies.
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| Toyota
launches Corolla Altis |
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Toyota has launched the Corolla Altis.
Replacing the Corolla, the Corolla Altis is wider, dynamic and
thus more spacious inside. The doors open wider making ingress and
egress easy. The GOA safety structure of the car has seen
strengthening of areas around the passenger room whereas the
active safety features include ABS and EBD. While the
multi-function steering wheel is electrically power assisted,
power is had from a 1.8-litre, 4-cylinder DOHC 16-valve VVT-i
petrol engine that does 130hp and 17.3Kgm of torque.
With prices starting at Rs 10.83 lakhs,
ex-showroom Delhi, the Corolla Altis offers features like 6 CD
audio, 8-way power driver seat adjust, auto air-con, tilt
steering, HID lamps and abundant storage spaces. A four-speed auto
(sequential shift) transmission model is also offered. Toyota is
targeting sales of 2000 units per month in the year 2008.
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| Auto
Exports To Reach $ 25 Billion: Kamal Nath |
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Union Minister of Commerce and Industry Kamal
Nath said that auto exports from India should reach 25 billion
dollar in the next decade. He was speaking at the 'Making India a
Global Automotive Export Hub' conference at the annual convention
of the Society of Indian Automobile Manufacturers (SIAM) in New
Delhi. He said the government will play its part by providing the
"enabling policy framework" and added that the auto
sector should take advantage of these and leverage their strengths
for expanding to other parts of the world. Kamal Nath further
stated that by the middle of the next decade, India should be the
destination of choice for design and manufacture of automotive
components and vehicles in the world.
The minister said: "The Indian automobile
industry today is all about scale. Maruti hopes to have a capacity
of one million cars by 2010, Hyundai is looking at 600,000 cars in
another year, Toyota is talking about 200,000 cars by the year
end, the Nissan Renault venture is planning a capacity of 400,000
cars, General Motors and Honda are setting up new plants, as is
Tata for its Nano."
During his address, he underlined that the
employment in the automotive sector would go up three times and
exports should go up nine times. "The future challenges for
the Indian automobile industry would be to develop a supply base
with emphasis on lower costs and economies of scale, develop
technical and human capabilities, overcome infrastructural
bottlenecks, stimulate domestic demand and exploit export and
international business opportunities," he said.
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| Industry
Leaders Stress on Small Cars & Innovation |
|
Global auto industry leaders at the 48th SIAM
Annual Convention in Delhi stressed upon various challenges and
factors driving the industry. Inaugurated by Union Minister of
Heavy Industries and Public Enterprises, Sontosh Mohan Dev, the
highlight of the convention was the discussion on small cars and
innovation. With the Tata Nano shifting paradigms and challenging
existing engineering principles in auto manufacturing across the
globe, many auto players are re-thinking strategies and focusing
on the small car segment. During a key panel discussion during the
convention, a general consensus among panelists seemed to point at
the increase in demand for small and medium size cars that the
global auto market was witnessing.
Fritz Henderson, president and COO, General
Motors, emphasized that the small car may not be the solution for
all geographies. He stated that the US was undergoing a major
shift in demand patterns now and that it would seek small and
medium segment cars with high technology and safety features and
high fuel efficiency. Therefore, there is was need to reconcile
cost, technology and power, he added.
Ratan Tata, chairman, Tata Motors, reinforced
the need for a small car in developing economies, especially in a
country like India. India, he said, will be a dominant market for
a low cost small car, while the USA would demand a small car
loaded with accessories and packaged efficiently with power and
technology. He also stated that the demand for bigger cars will
remain in developed markets; though it may marginally reduce. Shen
Yang – president, SAIC-GM-Wuling Company, China, stated that the
demand in China for small cars was likely to exponentially
increase in the near future due to legislation and policy measures
being undertaken by the government such as reduction in subsidies
for gasoline. He predicted that Chinese demand for small cars
could go up by 12.1 per cent year-to-year from now till
2017.
Dr. Sergio Marchionne, CEO of Fiat Group and
Automobiles, Italy, said different sub-segments of the small car
may have varying profit margins, but overall, small cars do not
spell lower profitability. He added that with dead markets such as
the USA opening up to small cars and slated to grow, there is
promising potential for the segment across the globe. While
Henderson added that the key factor for profitability was also
getting the right price for the right sub-segment, Tata remarked
that the overall issue was not of profitability but that of scale,
in a country like India. He said industry players would need to
find commonalities across variants in order to optimise scale and
therefore margins. However, having said this, he wholeheartedly
agreed that India was a bright and potential destination for sales
and production of small cars.
At the convention, SIAM unveiled two new
initiatives— Fuel Consumption Consumer Information and Fuel
Economy Information brochure. This was announced by Ravi Kant,
SIAM president and managing director of Tata Motors. Pointing at
the shrinking demand, rising inputs costs, rising fuel prices,
inflationary pressures and climate change threats, Kant said
though the automotive industry contributed to about 10 per cent of
carbon dioxide emissions, the sector was aware of the need for a
holistic and an integrated approach to negate its effects. The
Fuel Consumption Consumer Information will be displayed at the
point of sale of passenger cars and two-wheelers by all SIAM
members and this would be supplied to all customers along with the
documentation of the vehicle. SIAM hopes to commence this by
January 2009.
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| Bosch-
Samsung JV Starts Operations |
|
SB LiMotive Co Ltd, a 50:50 joint venture
between Bosch and Samsung, has started operations and would be
concentrating on the development, manufacture and sale of
lithium-ion batteries for automotive applications. The start of
series manufacturing of highly efficient lithium-ion battery
systems customised to automotive requirements is planned for 2011
on a global basis. To achieve this, the joint venture partners
will jointly invest between US $ 300 and US$ 400 million in the
next five years.
The new company will be led by Youngwoo Park
(Samsung SDI), who will be in charge of finance, production,
sales, and purchasing, and Dr. Joachim Fetzer (Bosch), who will be
responsible for engineering and quality.
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| Mercedes
Benz Launches Luxury Bus in India |
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Mercedes-Benz has introduced its first luxury
intercity coach in India. The coach sports the versatile O 500 R /
RF chassis from the Mercedes-Benz stable while the bus body is
built by Jalandhar-based Sutlej Motors. Speaking at the launch in
Pune, Harald Landman, head of Daimler Buses said, “As the oldest
bus maker in the world and market leader in the bus segment,
Mercedes-Benz buses will enable people in India to ‘Travel with
the Star’.
The Mercedes-Benz O 500 R / RF is a versatile
chassis and has been proven across markets, the world over. Its
legendary suspension, reliability and safety will be complemented
by the superior dynamics offered by the bus body created locally
by Sutlej. We are bullish about the bus business and see this as
the beginning of Mercedes’ bus business in India”.
Dr. Wilfried Aulbur, CEO of Mercedes-Benz India
added that the Mercedes-Benz coaches stand for the latest and best
of technology, design, comfort, reliability and performance-
aspects that have received enthusiastic response from our
customers. The first coaches were delivered to Sharma Transports,
Neeta Tours and Travels, and Konduskar Travels.
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| GM
to Build Engine Plant in India |
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Karl Slym and A M Khan
exchange documents as Vilasrao Deshmukh looks on
General Motors (GM) has formalised an agreement
to build a new engine plant in Talegaon, in Maharashtra. An
agreement to this effect was signed between GM India President and
Managing Director Karl Slym and A M Khan, Principal Secretary
(Industries), Government of Maharashtra, in the presence of
Vilasrao Deshmukh, Chief Minister of Maharashtra, and host of
other dignitaries.
The initial investment in the new GM powertrain
facility will exceed US$ 200 million. This is in addition to more
than US$ 300 million already invested in the said facility to
manufacture vehicles. The engine plant will have an annual
production capacity of 160,000 engines, with the capability of
being expanded to 300,000 engines per year. The engine and the car
manufacturing plant will employ more than 1400 people in the same
facility to begin with and going forward, the employee strength
will go up depending upon the requirements.
Speaking on the occasion, Mr Deshmukh said, “We
are indeed proud and privileged to have General Motors in our
state. The presence of GM in our state once again demonstrates the
strengths of Maharashtra as a leading investment destination.”
Mr Deshmukh said that the state will continue to extend full
support to GM and ensure its success.
In his speech, Mr Slym said “The new engine
facility demonstrates GM’s commitment to India. We cannot remain
a global industry leader without a strong presence in the
high-growth market of India. This will enable us to capture more
opportunities in one of the fastest-growing vehicle markets in the
world.
“The Talegaon engine facility is an important
component of GM’s global strategy to establish a strong presence
in this market. This is just one of a number of investments,
totalling more than US$ 1 billion that GM has made over the course
of the last few years in emerging markets around the world such as
China, Korea, Russia and India. The decision to build the engine
facility also in India further demonstrates GM’s confidence in
our future and our commitment to growing the business all across
the globe,“ said Mr Slym.
Mr Slym also said, “The new facility will
enable us to continue expanding our product line-up in India. We
have been scouting for a suitable site to set up an engine
facility for the past six months. We chose Maharashtra largely
because of its outstanding logistics and the pro-active approach
demonstrated by the state leadership and the officials in the
course of building our car manufacturing plant at Talegaon which
is getting commissioned on Tuesday next. It also offered
advantages in terms of its employment base, costs, infrastructure,
geographical location, etc. After a detailed due diligence and
thoughtful consideration, we felt that Maharashtra was the right
fit for the new facility.”
The engine facility is expected to be completed
by the first quarter of 2010.
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| Hyundai
gets CIO 100 Award |
|
Hyundai Motor India has been adjudged winner of
the coveted 'CIO 100' award for the third consecutive year in a
row. CIO 100 is the most acclaimed recognition in the enterprise
IT space at USA, constituted by IDG Media Pvt. Ltd, Bangalore. The
award will be presented on 5th and 6th September 2008, at Jaipur.
CIO 100 Awards, a twenty-year-old tradition of
honoring exceptional work that began in the US, has now become the
most prestigious recognition among CIOs Worldwide. Theme of this
year's award was 'Bold 100'. Hyundai has been adgudged winner of
this award for the innovative ways and new ideas practiced by it
at its Business and Industry, setting the bar higher for the
competitors.
While acknowledging the honour, H.W. Park,
Executive Director, HMI, said the achievement speaks of the
culture that Hyundai has developed in its pursuit to innovate ways
with championing ideas to meet challenges.
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| ITI
Unveils World's ist 1D/3D Simulation Tool |
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For those who want to incorporate hydraulic or
pneumatic suspension components, a detailed gearbox model, or
sophisticated controls in MBS simulation environment, ITI could
have the answer. ITI, at the Fisita 2008 will be showcasing its
SimulationX3.0 package.
Claimed to be the world's first fully
integrated 1D/3D simulation tool, SimulationX allows the
combination of 1D and MBS models into one simulation model. This
allows users to choose the degree of detail for each model part
independently, according to the necessary task. SimulationX offers
various benfits to the users.
Benefits like sophisticated and validated
libraries for automotive power transmission and fluid power
applications; versatile MBS and vehicle dynamics libraries;
multi-domain modelling within one model avoiding the pitfalls of
co-simulation; numerical solvers, tailored for multiphysics
systems; straightforward model object development for customer
libraries; non-linear frequency domain simulation (steady-state),
natural frequency and system analysis and generic model export and
import in terms of C code for model exchange with other simulators
and real-time environments.
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| Complex
Clamping Unit from Witte |
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The stamp unit is
moved and positioned by a movable bridge (gantry) across the
vacuum area.
Specialists for developing vacuum clamping
solutions for difficult applications, Witte has successfully
developed a complex clamping unit destined as a component of a
gantry machine — a large size CNC milling machine with a bridge
which moves in X-axis.
The equipment includes a 2x7 meter large vacuum
area, which is divided into 32 automatically monitored,
individually switchable sections. A hydraulic stamp is integrated
into a bridge type system above the clamping chuck, which presses
the aluminum sheets down segment by segment onto the chuck. The
vacuum areas are sequentially activated as the stamp progresses
along the sheets. The stamp can start at any position and press
down sheets up to 16 mm thickness.
The number of stamp processes depends on the
size of the part and is programmed individually. The entire unit
including complete electronic cabinet is integrated into a milling
machine.
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| AutoForm
Expands Presence in Asia |
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AutoForm Engineering GmbH has opened a new
branch office in Hong Kong. The Hong Kong office will enable
AutoForm to be even closer to customers in China and provide them
with an even higher standard of service. The Asian market is
developing rapidly and offers an excellent business environment
for growth. AutoForm is expanding its activities in the
Asia-Pacific region and has chosen Hong Kong – one of the Four
Asian Tigers – as the location for its new office. Hong Kong is
one of the world’s leading financial centres and has the
greatest concentration of corporate headquarters in the
Asia-Pacific region.
With this new office, AutoForm strengthens its
presence on the Asian market. Primarily, it will enable customers
across China to work in close collaboration with highly qualified
AutoForm specialists and benefit directly from AutoForm’s
leading-edge software solutions.
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| New
Indica from Tata |
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Tata has launched the new Indica, which was
first shown at the Auto Expo 2008. Called as Indica Vista, the car
is
completely new and does not share anything with the earlier
generation model. 3.8m long, 1.7m wide and with a wheelbase of
2470mm, the Indica Vista is bigger, mature and dynamic in its
looks. The longer wheelbase has the car competing with the likes
of Fiesta and Verna in the areas of space. Employing higher
strength steel panels and tailor welded blanks, the monocoque of
the Indica Vista is stiffer.
On the inside, the Vista is thus more spacious
and comfortable. It is also better built and flaunts better fit
and finish standards. A centrally arranged instrument panel and
soft touch dashboard dials in an upmarket feel. Top-end models get
a two-DIN music system and various other thoughtful touches like
the height adjustable driver's seat and tiltable steering. Power
comes from a 75bhp 1.3-litre Quadrajet common-rail diesel engine
and the 65bhp, 1.2-litre continuously variable cam Safire petrol
engine manufactured at the new Fiat-Tata joint venture at
Ranjangaon near Pune. There's also the choice of 1.4-litre
turbo-diesel (TDi) engine. Transmission is a five speed with
improved shifting and feel.
While the existing Indica continues to be sold
with a choice of Tata's 1.2-litre petrol (Xeta) engine and 1.4
Dicor common-rail engine, launched in 7 variants, the Indica Vista
(basic) is priced at Rs.3.49 lakhs ex-showroom Delhi for the
1.2-litre petrol Safire. The top end 1.3-litre Quadrajet is
praiced at Rs.4.88 lakhs ex-showroom Delhi. The TDi version comes
at nearly the same price as the outgoing existing Indica V2
version. The company will launch an ABS, airbags execution in the
domestic market at the time of the car's debut in international
markets.
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| Concorde
Motors Starts Operations in Mumbai |
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After an absence of nearly half a decade,
Concorde Motors is back. A wholly owned subsidiary of Tata Motors,
the company has set up a dealership at Prabhadevi. Spread over
4900 sq ft., the Concorde dealership adheres to the Tata-Fiat car
dealer identity norms and has the distinction of being the sole
showroom for the Fiat 500 and any other Fiat CBU imports that will
follow.
In keeping with its mandate, the Mumbai
dealership will focus on customer satisfaction and corporate sales
and will strive to be the preferred destination for Tata-Fiat
customers. Concorde Motors, which has a strong network in South
India is working towards opening a 3S (Sales, Service & Parts)
dealership in Cochin.
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| Contitech
Power Transmission Belts Launched in India |
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ContiTech AG has launched power transmission
belts in India. The Hannover, Germany-based tier supplier is the
world's largest specialist for rubber and plastics technology in
the non-tire rubber sector. It develops and produces functional
parts, components and systems for the automotive industry and
other important industries. Having a workforce of around 24,000,
in the year 2007 the company posted sales of around Euro 3.1
billion.
A division of Continental Corporation, one of
the top automotive suppliers worldwide, with targeted sales of
more than Euro 26.4 billion in fiscal 2008, Contitech entered
India in August 2008. The launch of power transmission belts, held
in Delhi saw the participation of key customers from across India
and was presided over by key officials from ContiTech (Germany)
and India. Speaking on the occasion, Regina Arning, Head -
Industrial Business Unit promised to offer the ContiTech global
quality products to Indian customers from now onward.
Ever since ContiTech acquired erstwhile
Roulunds Rubber in India in May 2006 the inputs were made on
specifications, raw material, process and machines, human resource
training and systems to manufacture this global quality from
Indian manufacturing operations located at Kundli, Sonepat in
Haryana. With ContiTech entering the Indian market, customers in
India will now have availability of complete product range of
ContiTech power transmission products in India.
In yet another development, Continental has
concluded a far reaching agreement with the Schaeffler group. The
key points of the agreement include Schaeffler KG increasing the
offer price to 75 Euro per share and guarantees to compensate
possible disadvantages in an aggregate amount of up to 522 Mio
Euro. The current strategy of Continental will be continued.
Detailed investment agreement regulates future role of Schaeffler
as shareholder. Schaeffler KG guarantees to limit its position to
a minority shareholding until 2012.
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| M&M
Forms JV with Yancheng Tractor Company |
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Mahindra’s Farm Equipment Sector has signed
an agreement to form a Joint Venture (JV) in China with Jiangsu
Yueda Yancheng Tractor Manufacturing Co. Ltd. (Yancheng Tractor),
a leading Chinese tractor manufacturer. The tractor related assets
and current liabilities of Yancheng Tractors will be transferred
to this JV. The value of net assets transferred to this JV will be
RMB 335 million (USD 50 million approx.).
Mahindra will hold 51 per cent (outlay approx.
USD 26 million) in the JV through its subsidiary, Mahindra
Overseas Investment Company (Mauritius) Ltd. (MOICML). The
transaction is subject to receipt of necessary approvals. This
would be the second tractor venture of Mahindra in China, in
addition to Mahindra’s current tractor business namely, Mahindra
China Tractor Company Ltd. (MCTCL). Yancheng Tractor’s Huanghai
Jinma brand is the no. 3 tractor brand in China in terms of
tractor volumes in 2007.
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| Ceat
Mumbai Xpress Rally 2008 Ends |
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The Ceat Mumbai Xpress Rally 2008 concluded in
Mumbai after traversing the rough terrains of South Central and
Western India—from Chennai to Mumbai. With participants from 10
different countries – India, Britain, America, New Zealand,
Australia, Canada, Germany, Norway, Hungary and Spain, vying for
the winning position, the Xpress Rally 2008 saw 18 teams and 39
participants (Autorickshaw drivers) including 7 women competing
under tough climatic and road condition.
Covering a distance of 2000 kms spanning over
14 days, the rally focused on raising money to improve the
lifestyles and educational opportunities of India’s children,
promote road safety, and raise the profile of the growing trend of
adventure tourism.
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| Argentum
Motors Buys Heuliez |
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Indian automotive manufacturer Argentum Motors
announced it has signed definitive documents for acquisition of a
controlling interest in French automaker, Heuliez SA. The
commercial court of Bressuire approved the 'safeguard plan'
proposed by Argentum and Groupe Henri Heuliez and Heuliez SA. As
part of its proposal, Argentum Motors will invest up to 25 million
Euros for an initial stake of 60 per cent in the French company.
CDC (Caisse des D et Consignations) has also committed an
investment of 5 million Euros into Heuliez.
In a broad restructuring plan Heuliez will be
spun off into three companies - Heuliez Electric, Heuliez
Engineering and Design and Heuliez Manufacturing. While Heuliez
Electric will build electric vehicles under the Heuliez brand for
the global market, Heuliez Engineering will work closely with
Argentum Engineering to integrate Heuliez expertise with Argentum
delivery capability.
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| Bosch
Electrical Drives Facility in Chennai |
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Bosch Electrical Drives India Pvt. Ltd., a 51:
49 joint venture between Robert Bosch Investment Nederland B.V.,
and Igarashi Motors India Limited, inaugurated a manufacturing
facility in Chennai recently. The plant will have an annual
capacity of 3 million DC motors.
Commercial production of motors for wiper
system and window lift system will commence in September. Further,
manufacturing of motors for engine cooling systems for automotive
applications will commence in December 2008.
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| SIAM
Annual Convention in September |
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The annual convention of the Society of Indian
Auto Manufacturers would take place in Delhi on 4h September 2008.
The convention will bring together global automotive industry
leaders and other stakeholders in India to deliberate on future
challenges. The theme of this year’s convention would be “India's
Automotive Industry: Challenges for Leadership - 2016 and Beyond.”
Focus would also be on issues influencing Indian automotive
industry’s competitiveness and its integration with the global
economy.
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| Bharat
Forge Commissions India’s Largest Forging Press |
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Bharat Forge, the flagship company of the USD
2.4 billion Kalyani Group and a leading global supplier of forged
and machined components, has commissioned India’s largest
commercial open forging press at its Mundhwa facility in Pune. The
facility was inaugurated by Azeez M. Khan, Principal Secretary,
Industries, Government of Maharashtra.
The new facility, which has a large 4000T open
die press, will produce ingots ranging up to 70 tons and would
primarily cater to the Wind Energy, Oil & Gas, Steel, Power,
Gear, Cement Ship building, Pressure Vessel, Petrochemical &
Sugar Industry. Shafts for the Wind Energy & Power Generation
sector, Well Heads & X-mas Tree parts for the Oil & Gas
Industry and Pinion Shafts, Gear blanks etc. for the Capital Goods
sector are some of the parts that will be manufactured at this new
facility.
Speaking on the occasion, B N Kalyani, Chairman
& Managing Director, Bharat Forge Ltd., said, “Today is a
landmark day in our company’s history. It marks a very
significant step that we have taken into a new area of business
– manufacture of critical components for the non-automotive
sector. Bharat Forge in the last 15 years has successfully
implemented a global strategy based on technology leadership and
innovation, in its automotive business. We intend to replicate our
successful automotive business strategy to attain a global
leadership position in the non-automotive sectors”.
“To support this goal, we have made
substantial investment both in terms of capacity & capability
creation as well as backward integration. We aim to provide our
customers with value added service to complement their strategies
and we will strive to maintain the pace of innovation.” he added.
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| Geometric
to Provide Services to Ford |
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Geometric Limited, a leader in Product Lifecycle
Management (PLM) solutions and technologies, announced the signing
of a contract with Ford Motor Company to provide production support
and software maintenance work. Geometric will provide application
management services (AMS) to Ford for production support of its
engineering applications suite, which comprises of over 140 integrated
applications. The management services will cover issue analysis,
investigation, resolution, code fix, software vendor coordination,
testing, packaging, validation and global release at various Ford
Consumer Business Groups.
Commenting on the contract, Dr Ravi Gopinath,
Managing Director and CEO, Geometric Ltd. said, “Ford is a strategic
customer for us, and this contract represents an important milestone
in our six-year relationship.” Currently, Geometric has a team
of close to 100 engineers at Ford's Dearborn facility (USA) and
the Ford Technology Services center in India, supporting various
projects in the PLM space.
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| Federal-Mogul
to Set Up Plant near Chennai |
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The US-based Federal-Mogul Corp announced that
it would set up a new facility near Chennai for manufacturing
friction components for original equipment and after-market segments.
The plant is scheduled to begin production of light vehicle brake
and friction components, commercial vehicle and railway friction
products by September 2009.
Federal-Mogul's Ferodo brand friction products
have been manufactured in India since 1995, although the new friction
facility will be the first in the Chennai region. The company
will cross swords with two other Deming award-winning brake-lining
manufacturers in Chennai - Rane Brake Lining and Sundaram Brakelinings.
Federal-Mogul's wholly-owned subsidiary in India recently signed
a memorandum of understanding with New Chennai Township Pvt Ltd
to buy 10 acres on which it will build the 6,000-square meter
facility.
The plant will be built in three phases and is
expected to create nearly 500 jobs. “Products manufactured at
the new facility will be for both local vehicle manufacturers
and for exports,” said Federal-Mogul President and CEO Jose Maria
Alapont.
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| Tata
Motors Plans a Slew of Launches |
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Post the acquisition of Jaguar and Land Rover
for approximately US$ 2.3 billion, Tata is planning a slew of
launches. While the launch of the Nano later this year is expected
to take centre stage, there are a range of introductions lined
up, according to industry sources.
The company, which reported a 14.4 per cent increase
in revenues (net of excise) to Rs 6928.44 crores on a stand-alone
basis for the quarter ended June 30, 2008 compared to Rs 6056.82
crores in the corresponding quarter last year, is expected to
introduce the world truck and the Marcopolo range of buses in
the commercial vehicle (CV) range.
A small, 0.5-tonne commercial vehicle as well
as a 1-tonne variant of the Ace (shown at the Auto Expo '08) is
also said to be on the cards. In the passenger car and utility
vehicle market, the company is expected to launch the Xenon pickup
shown at the Auto Expo '08 and the new Indica.
From the Fiat stable, with whom Tata has a strategic
tie-up, the Linea and Grande Punto are expected later this year.
In the current range, the recently introduced compact sedan, Indigo
CS has contributed handsomely to the passenger car sales of the
company. Tata's market share in the entry mid-size segment grew
by 38.6 per cent during the first quarter of 2008-09. The domestic
sales of passenger vehicles (including Fiat) at 52,450 units were
however flat. The domestic sales of CVs increased by 15.9 per
cent to 71,049 units
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| Sunil
Sapre is Ceat CFO |
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Ceat
has appointed Sunil Sapre as its Chief Financial Officer. Mr.
Sapre will be based at the Ceat headquarters in Mumbai and will
head the overall responsibility of finance and accounts.
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| ElectroMech
Decides on Chennai |
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ElectroMech has announced plans to build a facility
in Chennai. The plant will accrue an investment of Rs. 10 crores,
with a capacity to manufacture 200 cranes per year which can be
upgraded to 500 cranes. With India’s largest crane manufacturing
facility at Pirangut (Pune), ElectroMech’s current manufacturing
capacity is 2000 cranes annually and will boost up to 2500 cranes
with the new state-of-the-art facility in Chennai. This facility
will be built on 8000 sq.mts with built up area of around 4000
sq.m, and will manufacture various industrial cranes like single
girder, double girder, stacker and goliath cranes.
The project is scheduled to be completed in February
2009. The Chennai facility is expected to help ElectroMech to
better serve its increasing count of clients in South India. A
few notable installations in this part being Saint Gobain Glass
in Sriperumbudur, Hansen in Coimbatore, and a whole host of Korean
automobile ancillaries situated around Sriperumbudur.
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| BMW
India signs agreement with ORIX for Leasing Services |
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Peter Kronschnabl, President, BMW India,
with Neeraj Kumar, MD & CEO, OAIS
BMW India signed a co-operation agreement with
ORIX Auto Infrastructure Services Limited (OAIS) for leasing services
of BMW cars in India. The leasing services will be offered to
customers through the BMW dealership network across India. Additionally,
OAIS will also support BMW through its existing business network.
Through this agreement, OAIS will offer unique
services to BMW group customers. Further, the products will be
customised to cater to the special requirements of BMW customers.
With this agreement, BMW and OAIS aim to deliver hallmark quality
of service through all BMW dealerships and BMW corporate customers
across the country.
Commenting on the development, Peter Kronschnabl,
President, BMW India said the agreement reflected BMW's commitment
to set new benchmarks in service quality and customer care in
India. Neeraj Kumar, MD & CEO, OAIS said “Our focus has always
been value creation and through this tie up, OAIS will be able
to provide a value product for the Indian market. Customers can
experience superior products and avail the benefits under value
added lease.
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| CCC
to Build Renault-Nissan Plant |
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Chennai-based infrastructure development company,
Consolidated Construction Consortium Ltd (CCC) has bagged a Rs
1.4 billion order to build the Renault-Nissan vehicle plant at
Oragadam near Chennai. CCC has also won a project worth Rs 1 billion
to build a global automotive centre for the National Automotive
Testing and R&D Infrastructure Project (NATRIP) at Oragadam.
With these orders, the company's total order
backlog is Rs 31.8 billion, which is to be executed over a period
of 18 months. "We are consolidating our presence in the auto
plant construction sector," company CEO R Sarabeswar said.
CCC has earlier built buildings for Hyundai Motor India and Toyota
Kirloskar, and currently is constructing the Mahindra Automobile
plant at Pune as well as the automobile research plant for the
Mahindra group at Chennai.
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| Berger
to Launch Bolix Products in India |
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Berger Paints' acquisition of Poland-based Bolix
S.A. will be completed by the third week of August, opening up
markets for Berger in European countries and enabling it to sell
Bolix's energy-saving paints in India, Chairman Kuldip Singh Dhingra
said. "The acquisition will provide synergy benefits to Berger's
presence in the region, both in terms of new business opportunities
and regional markets. The growth prospects are enormous,"
Dhingra told reporters after the 84th annual general meeting of
shareholders.
Berger acquired Bolix in April from private equity
group Advent International for $34.8 million with its internal
resources. Dhingra said Berger also plans to launch Bolix's paints
in India, but he refused to provide a time-frame. "The products
are doing very well in countries which are conscious about saving
energy and we are sure they will be well received in India as
well," Dhingra said.
Bolix, with a turnover of $45.5 million in 2007,
is the largest provider of external insulation finishing systems
or EIFS in the B2B segment in Poland. It exports to Ukraine, Russia
and the Baltic countries of Estonia, Latvia and Lithuania. Bolix
products have an 80 per cent penetration in the Germany market,
40 per cent in Poland and 3 per cent in Ukraine.
Meanwhile, Managing Director Subir Bose said
the automotive-paint manufacturing plant with a capacity of 24,000
tonnes per annum at Jejuri near Pune, being built at a cost of
Rs 50 crores, will be operational by September 2009.
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| M&M
to Acquire Kinetic Motor |
|
Mahindra & Mahindra (M&M) has said that
its Board of Directors has approved the acquisition of business
assets of Pune-based Kinetic Motor Company Ltd. (KMCL). The acquisition
will be done through a new company to be formed. The consideration
for the acquisition is a sum of Rs. 110 crores (subject to closing
due diligence) plus 20 per cent stake to KMCL in the new company.
M&M will hold the balance 80 per cent of the equity.
The deal will enable Mahindra to design and market
a range of scooters, value engineered motorcycles and high-end
motorcycles for the Indian and global markets, helping it establish
a robust, end-to-end two-wheeler business in every segment of
the industry. In yet another development, the Board of Directors
of M&M and Punjab Tractors have unanimously approved a scheme
of amalgamation of Punjab Tractors Limited (PTL) with Mahindra
& Mahindra Ltd. M&M owns a majority stake in Punjab Tractors
and acquired 63.33 per cent stake in PTL in July 2007. MHFL, a
wholly owned subsidiary of M&M, currently holds 1.31 per cent
of PTL, and is also in the process of being merged into M&M.
Under this amalgamation scheme, pursuant to provisions
of Sections 391 to 394 and other relevant provisions of the Companies
Act, 1956, PTL will be merged into M&M and all its assets
and liabilities will be transferred to M&M at book values.
Upon the scheme becoming effective, M&M will transfer all
the equity shares held by it in PTL to a Trust, of which M&M
is the beneficiary. M&M will issue its shares to PTL shareholders
as on record date, based on the swap ratio determined by independent
valuers.
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| Frost
& Sullivan Award for GGB Bearing |
|
Based on its recent analysis of heavy-duty truck
bearings market, Frost & Sullivan has presented GGB Bearing
Technology with the 2008 North American Frost & Sullivan Award
for Product Innovation of the Year in the Class 7-8 truck bearings
segment. Each year, this award is presented to the company that
has demonstrated excellence in new products and technologies within
its industry.
This year's award is in recognition of GGB's
development of robust, long-lasting DX(R)10 with DuraStrong technology
bearings, and its focus on application-specific heavy truck bearings
that perform effectively under the rigors of on-highway and vocational
operation, consistently delivering superior return-on-investment
and customer value.
GGB, formerly known as Glacier Garlock Bearings,
is the world's largest manufacturer of metal-polymer plain bearings.
The company has cemented its position as a leader in product innovation
in the heavy truck bearings market through the development of
its DuraStrong technology, which it effectively leveraged to design
and introduce the innovative DX(R)10 bearing.
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| Ashok
Leyland to Roll Out New Truck Platform |
|
India's leading bus and truck maker Ashok Leyland
Ltd said it was developing a new range of trucks with a new engine
and new cabin. “The modular platform, engine and the cabin will
provide the necessary competitive edge for us and also offer good
price-performance ratio for the buyers,” Ashok Leyland Managing
Director R Seshasayee told reporters in Chennai.
Asked about the cost advantage of the new product,
he said: “There will certainly be advantage for the company as
we will be dealing with limited number of vendors and parts. The
customers will also benefit because of this. However, I am not
in a position to quantify the cost advantage for the company.”
Under the new platform named as Unitruck, Ashok
Leyland will roll out 16-49 tonne trucks from 2010. The trucks
will feature a range of gear boxes, with cost effective automatic
and automated manual transmission as options on some models. “Unitruck
models will also sport a new generation cabin initially before
modular cabins replace them,” Seshasayee said. He added that the
cabins in the export vehicles would have features that are entirely
different from the vehicles sold in India.
He said Ashok Leyland's 50:50 joint venture project
with Finnish company Alteams to make high pressure diecasting
aluminium products was progressing well. “The plant will come
up in Cheyyur near Chennai. Land acquisition is in progress,”
Seshasayee added.
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| Jost
Group to be Acquired by Cinven |
|
Cinven, one of the leading international private
equity firms, has announced that it has reached an agreement to
acquire German truck supplier Jost Group. Subject to regulatory
clearance, the purchase price is undisclosed. While the transaction
will be financed from the fourth Cinven fund which with a volume
of Euro 6.5 billion—one of the largest funds dedicated solely
to large European buyouts, Jost is expected to present a good
growth engine.
Not only has Jost grown significantly faster
than the market over the past five years and has been able to
increase annual sales at double digit rates on average to around
Euro 445 million in 2007, it recently closed the acquisition of
Tridec, which is one of the leading manufacturers of mechanical
and hydraulic steering systems. With a presence in Eastern Europe,
China, Brazil and India, Jost is now a leading global manufacturer
of systems, modules and components for the truck industry.
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| Hyundai
Makes Upgrade to Bigger Cars Easier |
|
Hyundai Motor India has announced an exchange
and upgrade scheme that allows customers to lower their monthly
car-loan payments even as they upgrade to a bigger car. The scheme
is targeted at all those users of smaller compacts who would prefer
to upgrade to a bigger car but are prevented from doing this by
the higher EMI’s of a bigger car. Under the new exchange and upgrade
scheme, all they have to do is bring in their smaller compact
to any Hyundai dealership and get an evaluation of this done at
the dealership and put the value as a down payment to upgrade
to a bigger Hyundai car.
Typically, the Equated Monthly Installment (EMI)
value for a 48 month loan tenure works out to be an amount which
will be lower than the EMI for a smaller car. The scheme is open
for all makes of car and upgrade is possible for the most popular
hatchback Santro, the newly launched, award winning i10 or even
the bigger cars like the Accent and the Verna.
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| Volkswagen
Delivers 3.27 million Units in 1st Half of 2008 |
|
The Volkswagen Group delivered 3.27 million vehicles
worldwide (+5.8 per cent) from January to June 2008, the highest
figure ever for the first six months of a year. Group worldwide
deliveries in June also reached a new record: compared with the
same period last year, the number of vehicles delivered rose by
2.4 per cent to 573,000. As a result, the development of deliveries
by the Group both for the period January to June and for the month
of June was significantly better than developments on the overall
market (+1 per cent from January to June and-5.1 per cent in June).
Volkswagen Passenger Cars, the Group’s highest
volume brand, delivered 1.9 million vehicles (+5.8 per cent) worldwide
in the first half of the year. Audi delivered 516,000 vehicles
(+1.4 per cent) and Skoda delivered 367,000 vehicles (+17.9 per
cent). Seat sold 206,000 vehicles (-7.5 per cent), Volkswagen
Commercial Vehicles delivered 264,000 vehicles (+12.9 per cent).
Bentley delivered 4,700 vehicles to customers, Lamborghini 1,300
and Bugatti 35.
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| Skoda
Hikes Prices |
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Skoda India has hiked the price of its cars in
the range of Rs10,000 to Rs25,000. The across-the-range price
hike is attributed to the rise in freight and raw material costs.
Commenting on the price hike, Thomas Kuehl, Member Board of Directors,
Sales and Marketing, said, “The price hike has been necessitated
by a variety of cost push factors like surge in freight costs
and raw materials. The company has made efforts to absorb maximum
costs to keep the price rise marginal so then impact to our valued
customers is minimised.” The company recorded a 69per cent growth
in sales in June 2008 as compared to June 2007.
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| India
to be Hyundai's Small Car Hub |
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The $75-billion Hyundai Motors, the world's fifth
largest automaker, has decided to make India its global hub for
small cars, the company's chief executive for the Indian market
has said.
“We have a very clear picture about the Indian
market. We want to use India as our small car hub. India will
be used for manufacturing and export of our small cars,” Heung
Soo Lheem, Managing Director of Hyundai Motors India Ltd said.
“Our upcoming i20 model, which will debut in the Paris Motor Show
in September, will be solely manufactured in India,” Lheem, whose
company is India's second largest car maker after Maruti Suzuki,
told a media agency.
The automaker, which sells its cars in as many
as 193 countries, had launched the i10 - its new offering in the
'A' segment - last November. This car, too, is exclusively manufactured
in India, he said. The Hyundai executive said i20 is a hatchback
sedan offering in the 'B' segment. “This car will hit the Indian
market in November,” he said, while rubbishing reports that the
company will phase out the Santro and Getz, post i20 launch. Santro,
which is sold as Atos in Hyundai's other markets, was used as
the launch pad for the South Korean giant's foray into the Indian
automobile market over ten years ago.
The South Korean automobile giant sold 327,160
vehicles in India in 2007 and had doubled its assembly line at
the Chennai plant to 600,000 units annually this January. Hyundai
Motors India - which counts actor Shah Rukh Khan and tennis ace
Sania Mirza as its brand ambassadors - is part of South Korea's
Hyundai Kia Motors Automotive Group, formed after the merger between
Hyundai and Kia in 1998.
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| Methods
Automotive Launches Brembo Brakes in India |
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Brembo, the Italian brand of brakes and known
for its technology and expertise, has chosen Bangalore-based Methods
Automotive as its (India) partner for sales, service and marketing.
One of the leading manufacturer of performance braking systems,
Brembo is also a supplier to almost every major team and manufacturers
into closed circuit racing, rally, rally raid, etc., the world
over. The company also makes brakes for some of the best and sought
after super car and sports car brands.
Methods Automotive will provide the channel support
to those who want to fir Brembo brake systems through its channel
outlets across India. Brembo adds to the other brands like K&N
air filters, , NGK Iridium Spark plugs, Remus Exhaust systems,
Koni shock absorbers, Eibach Lowering springs and Sparco Racing
and street gear, which Methods Automotive markets in India.
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| Bajaj
Unveils New Discover |
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Bajaj Auto has launched a sportier Discover 135
DTSi. Aimed at further strengthening the company’s dominant position
in the premium segment, the new Discover features 135 cc DTS-i
engine, racer breed tank mounted spoilers with integrated indicators,
digital speedometer with tachometer and reserve fuel indicator,
striking new dual tone graphics, new aggressive front fairing,
nitrox suspension and front disc brake (sports version) and a
wider rear tyre and racing wheel stripes (sports version).
Three versions of the new Discover 135 DTS-I
are available – sports, electric start and kick-start. Prices
start at Rs.45,710 , ex showroom Pune.
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| ARAI
Sets Engine R&D with Flowmaster V7 Automotive |
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After purchasing the first Flowmaster V7 Automotive
licence in late 2007, the Automotive Research Association of India
(ARAI) has employed the software tool in its R&D. Flowmaster,
which is an industry dedicated fluid and thermal system simulation
software tool, was selected after rigorous evaluation as part
of ARAI’s overall R&D, Testing and Certification strategy.
Built on the Flowmaster V7 platform, V7 Automotive
combines the same proven architecture and GUI with specific automotive
component libraries and advanced automotive systems modelling
functionality. Flowmaster’s architecture allows users to integrate
with existing design and manufacturing systems and co-simulate
with other leading CAE/CFD tools.
ARAI is supported by Aetos Design & Engineering,
the exclusive distributor of Flowmaster in India. Aetos’s Design
and Engineering Services Division has a dedicated team of Design
Engineers providing technically focused services to OEM and tier
one companies, from concept design to manufacturing using best
in class CAD/CAM and CAE solutions.
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| Tata
Unveils New Coach Chassis |
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Tata Motors has introduced a new range of coach
chassis called Super Milo. Aimed at delivering superior operating
economy, the Super Milo range is available in two variants --
City and Highway -- each with customised parameters calibrated
for their individual applications.
Powered by the BS II complaint 697 TCIC 130hp
engine, the Super Milo range offers 8 to 10 per cent better efficiency
and a comfortable ride. Coming with an engine warranty of 2 years
or 2 lakh kilometres (whichever is earlier), and a chassis warranty
of 1.5 years or 1.5 lakh kilometres (whichever is earlier), the
Super Milo range features radial tyres, organic clutch with booster
assist, bigger air intake and a oil change period of 18,000 km
for city and 36,000 km for highway.
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| Jost
India Commissions Jamshedpur Plant |
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Jost India, a group company of Jost, which is
a worldwide manufacturer of components for truck and trailer,
and especially fifth wheel couplings, has commissioned its new
facility at Jamshedpur. Supplier to commercial vehicle manufacturers
in India and prominently Tata Motors, the plant will manufacture
fifth wheel couplings, a crucial component that connects the trailer
with the prime mover.
Housing state-of-the-art equipment, machining
centres and a assembly line, the plant, spread over 60,000 sq.
m, was built in a very short span of time and includes an E-coat
line to ensure that the products are permanently and dependably
protected from corrosion. The E-coat line is absolutely solvent-free
and health and environmentally friendly. Interestingly, a large
chunk of the fifth wheel couplings produced at Jamshedpur would
be supplied to Tata, according to sources, as Jost India already
has a long-term agreement for the delivery of fifth wheel couplings.
While the Indian facility will concentrate on
the Indian market, in addition to fifth wheel couplings, Jost
India has been offering various other components like landing
gears, safety towing hitches, etc., for some time now. Sources
at Jost India anticipate the number of prime mover-trailer sales
to go up several hundred per cent by 2012 or up to over 200,000
units annually.
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| Logan
Edge from Mahindra Renault |
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The launch of the Logan Edge marks the beginning
of special editions for Mahindra Renault. The car brings with
it innovative features that elevate luxury. Attractively priced,
the Logan Edge comes in petrol and diesel versions, new inter | |