| June
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| News Archives |
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| Volvo
Completes Delivery of 200th Tipper |
Eric Leblanc, managing director, Volvo India, handing over the keys of the
200th tipper to V Prabhakar Reddy,
partner, VPR, & Co
Volvo’s Truck Division (India)
delivered the 200th tipper to VPR & Co., a leading civil contractor
operating in the
mining and irrigation sector, recently. With the 200th Volvo Tipper joining
its fleet, VPR & Co. has become the owner of the largest fleet of Volvo
Tippers in India. This is also a big landmark for Volvo Trucks, which
signifies the growing demands of its tippers for most challenging mining and
infrastructure operations. Eric Leblanc, managing director, Volvo India,
handed over the keys of the 200th Tipper to V Prabhakar Reddy, partner, VPR,
& Co. With the inclusion of 200th Volvo tipper VPR & Co has a total
of 200 Volvo tippers in its fleet, which started with just 8 Volvo trucks.
Speaking on the occasion, Leblanc said, “This is a strong recognition of
the superior technology and high performance of Volvo Tippers in varied
Indian terrains. As the mining and infrastructure sector in India is taking
on new challenges every day, Volvo is gearing up to provide efficient, safe
and also economy solutions to fulfill all required demands”. Volvo has
more than 50 per cent market share in the mining segment when it comes to
high performing tipper trucks. The company also enjoys a close to 70 per
cent repeat purchase rate and many of its customers today have fleet sizes
of over 50 numbers and these numbers continue to grow.
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| Xenitis
to Roll Out Small Car With Chinese Alliance |
Global Automobiles, a subsidiary of the Kolkata-based Xenitis
group, has tied up with China's Guangzhou Motors for the production of
entry-level cars in India, a top company official said. "We had earlier
entered into a technology transfer pact with Guangzhou Motors, a state-run
enterprise of the Chinese government, to manufacture two wheelers in West
Bengal," said Suparna Maitra, head of corporate strategy of Xenitis.
"Now we have signed a similar pact for producing small cars as
well," Maitra told a news agency. The price, he added, would range
between Rs 100,000 and Rs 125,000 ($2,400-$3,000). "It will be a no
frills car. We will be able to see them on road by the end of 2008. We are
also looking for land near our motorcycle factory and hopefully we will be
able to have things in place in a couple of months."
The company's four-stroke 125 cc bike, Expression, rolled out last month
from its factory in Chinsurah, some 60 km north of Kolkata and not too far
from Tata Motor's Singur site. Asked how they will compete with a group like
the Tatas, who are also planning to roll out a small car by the end of next
year, Maitra said: "We are not competing with the Tatas at all."
Maitra said they had studied the market well and felt the need for a
"people's car". "We want people riding two-wheelers to
graduate to four-wheelers. We will position our product in that way keeping
the affordability factor in mind." The company is also not deterred by
the fact that small car sales had gone down five per cent last fiscal for
the first time in three years. "It's a cyclical trend. Sales will go
down but we are hopeful it will go up again."
The competition in the entry-level car segment is getting tougher with a
host of companies announcing their plans to enter the segment, including the
Tatas, Hero Honda and Bajaj Auto. According to industry sources, even Nissan
Renault was looking at a tie-up with Mahindra and Mahindra to find their
feet in the small car segment. Xenitis, founded by Santunu Ghosh, was set up
in 2002 and two years later the company started manufacturing a low cost
branded computer - Aamar PC (My PC in Bangla), but diversified into two
wheelers in a tie-up with Guangzhou Motors. The state-run Guangzhou Motors
Co was founded in 1992 to make motorcycles and is one of the 70 large
enterprises supported emphatically by the provincial government, according
to information posted on the group's website.
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| Mahindra
Shaan wins international prize for design and engineering |
Mahindra & Mahindra Farm Equipment Sector has won an AE50
award from ASABE, The Society for Engineering in
Agricultural, Food, and Biological Systems, for Shaan. ASABE, an
international, not-for-profit organization of diverse members dedicated to
advancing agricultural, biological and food engineering, chose Shaan as one
of the year’s most innovative designs in engineering products or systems
for the food and agriculture industries.
The AE50 award program is sponsored by Resource to emphasize the role of new
products and systems in bringing advanced technology to the marketplace.
These engineering developments help farmers, food processors and equipment
manufacturers to cut costs, enhance quality and increase profits. Said
Anjanikumar Choudhari, President – Farm Equipment Sector, “We are
delighted that our multi-utility tractor, SHAAN, was selected from over 1500
worldwide entries for this prestigious award. It is a true reflection of the
engineering design capabilities of Indian companies, now beginning to
compete successfully with the best in the world.”
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| Atul
Auto expands its reach |
Rajkot-based three-wheeler manufacturer Atul Auto recently
appointed a dealership in Haryana, its first in the state. The
setting up of dealership-- Bright Auto in Bahadurgarh , Haryana, takes the
J.J. Chandra promoted three wheeler manufacturer into Northern India. The
Haryana outlet will market passenger, commercial and special purpose
vehicles, and in petrol, diesel and CNG variants. Speaking on the occasion,
H.S. Sikka, Regional Manager (North), Atul Auto Limited said, “This
dealership is an attempt on the part of Atul Auto to enter the National
Capital Region (NCR) and the places adjoining to New Delhi.
Right now, we have limited presence in these places and with this channel we
intend to capture at least 10per cent market share in the future. In order
to have the right impact, we are planning to enter the market with our CNG
variants.” In order to consolidate Atul’s presence in this market the
company is planning to open a five more dealership in the North, starting
off with Ghaziabad and four more by the end of next month. “After
launching in Haryana and Uttar Pradesh, we plan to launch Atul Auto vehicles
in Srinagar (J&K), Mandi (HP), Ponta Sahib (HP) and Bilaspur (HP) to
name a few of the places”, added Sikka.
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| Strategic
Cooperation Agreement between DaimlerChrysler Truck Group and Fiat
Powertrain Technologies |
The DaimlerChrysler Truck Group and Fiat Powertrain Technologies
(FPT) announced today to have concluded a strategic co-operation agreement
in the field of powertrains.
The first step of this agreement concerns the long-term supply of light-duty
diesel engines (FPT F1C) to the Mitsubishi Fuso Bus & Truck Corporation
(MFTBC), to be used in the Canter light commercial vehicle which will be
marketed in major markets, including Europe and Japan.
FPT will supply around 80,000 F1C engines per year to Mitsubishi Fuso
starting in 2009. The supply volumes will increase over the following years.
The engine is a Common Rail Diesel engine, with 3.0 liter displacement,
rated 177 Hp at 3,500 rpm and a torque of 400 Nm at 1,400 rpm. Thanks to the
optimized design of all engine components and to the advanced technology of
its injection and turbocharging systems, the F1C engine guarantees excellent
performance and fuel consumption. The F1C engine is currently manufactured
only in Foggia, Italy, but production in an additional site will shortly be
started as part of the globalization of FPTs footprint.
The current Canter generation was introduced in 2002 and is one of the most
successful light-duty trucks in Asia - sold over 132,000 times in 2006 in
over 106 countries world-wide. Its great success and Mitsubishi Fuso’s
core competence for such vehicles makes MFTBC the world-wide Competence
Centre for light-duty trucks within the DaimlerChrysler Truck Group.
Within the framework of this strategic supply-agreement the two companies
are also investigating further potential business opportunities in other
markets, including South East Asia. “This agreement is a key step in our
strategy aimed at developing strategic partnerships in all sectors of the
Group” said Sergio Marchionne, CEO of Fiat Group. “Our ability to
partner with DaimlerChrysler is confirmation that the decision to carve out
our powertrain activities as a separate sector two years ago was the right
one, and that we have products and technical skills to satisfy the needs of
a demanding market.”
Dieter Zetsche, Chairman of the Board of Management of DaimlerChrysler AG
and responsible for the Mercedes Car Group, said: “Today’s and future
emission regulations demand a high level of investment and technological
specialization. This agreement provides a value added for both companies,
Fiat Group and DaimlerChrysler.”
Andreas Renschler, Member of the DaimlerChrysler Board of Management and
responsible for the Truck Group, added: “Today is a milestone for the
DaimlerChrysler Truck Group in many ways. With this alliance we have reached
the best decision for our Fuso customers as we will offer them the most
modern, technologically advanced and ecologically friendly light-duty engine
for their businesses. And the engine will deliver high performance combined
with highly competitive fuel efficiency.”
“This agreement witnesses the level of our technology and supports the
strategic role of FPT in expanding its business outside the captive market”
said Alfredo Altavilla, CEO of Fiat Powertrain Technologies. “We trust
this supply agreement can be the first step in a long-lasting and mutually
satisfactory cooperation in further selected projects.”
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| Intelligent
Communications Module from Ficosa |
The Spanish multi-national tier 1 supplier, Ficosa together with
GMV has introduced an intelligent communications module for vehicles, which
improves traffic movement and safety. While sources at Ficosa agree that in
the next few years, communications between vehicles and also those from
vehicle to infrastructures will become increasingly important in addition to
electronics and the protection of the environment, the aim of finding
solutions and meeting these increasing needs in vehicle communications led
Ficosa and GMV to develop a miniature communications module. The module is
based on multi-architectural technology, which is flexible and capable of
evolving as well as adapting to new communication standards that arise in
the vehicle’s lifecycle. The multi-architectural technology is also
sufficiently powerful to integrate different telematic and safety services
and applications in one device.
The system can support many services and applications including the European
emergency call system (eCall), safety and mobility applications based on
both vehicle-vehicle communication and vehicle-infrastructure communication,
services provided by the vehicle manufacturer (call centre, remote vehicle
diagnosis, on-road assistance, etc.), fleet management systems, automated
toll payments, car insurance single payment systems, vehicle information
gathering systems to determine real traffic situations, stolen vehicle
tracking devices, automatic payment systems (parking, petrol stations,
etc.), navigation and on-board entertainment.
As a hugely valuable element for automobile constructors, the module
developed by the Spanish multi-national is easily incorporated into the
vehicle (becoming invisible to the user) thanks to its tiny size.
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| Premium
Lifestyle Accessories Brand from Mahindra |
Mahindra & Mahindra has launched a range of premium
lifestyle accessories branded “S-Nothing Else Will Do”. The launch of
the premium lifestyle merchandise is part of Mahindra’s brand extension
strategy for the Scorpio and the brand extension using accessories has been
a model successfully followed by global automotive majors owning premium and
cult brands. Mahindra is pioneering this challenging but innovative
international strategy in the Indian four-wheeler market to satisfy the
demand of a rising number of customers, who want to be associated with the
brand. The merchandise range that promises to create a style statement for
its owners includes branded Polo neck & Round neck T shirts, coffee
tumblers, Stylized key chains, Stylized caps, and miniature Scorpio model
toy cars.
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| Continental
to set up new manufacturing plant in India with Rico Auto |
Automotive Systems Division of the Germany-based automotive
supplier, Continental AG, has signed a joint venture agreement with Rico
Auto Industries to build a hydraulic brake systems plant in India in two
phases and with the aim of generating sales of € 30 million (Rs 165 crores)
in a first phase. The joint venture will be a 50/50 partnership between the
two companies with Continental Automotive Systems having the management
lead. The plant will begin mass production of hydraulic brake systems in the
fourth quarter of 2008, with employment strength of around 450 at Gurgaon
near New Delhi. In addition to hydraulic brake products the plant will also
produce calipers for front and rear axles, drum brakes, master cylinders,
brake boosters and load sensing proportioning valves for vehicles of all
classes, and supplying to OEM customers in India. The planned annual
production capacity is 1.0 million of brake actuation units and 2.0 million
of brake calipers, 1.5 million drum brakes and 0.5 million load sensing
proportioning valves. On completion of second phase the plant will have
annual turnover of € 65 millions (Rs. 357.5 crores) and a strength of 625
persons.
"RICO is a well established auto component supplier in India, which
will bring local market know-how to the JV", said Heinz Zingel,
Executive Vice President, Hydraulic Brake Systems and member of the
Management Board of Continental Automotive Systems. "The new plant,
designed according to world-class standards, will become the production base
of our hydraulic braking products in India". Arvind Kapur in his
statement said, "We are very pleased to have Continental as a partner
in this venture. Continental being one of the leading technology provider
& manufacturer of brake systems in the world would add significant value
to the Indian Auto Component Industry through this Joint Venture. With our
experience in casting & machining, along with Continental’s proven
leadership in the braking systems, we complement each other very
well".
While the US$ 250 million Rico group has one of the biggest ferrous and
aluminum casting and machining facilities in India, and is one of the major
suppliers of machined components and assemblies to Indian and global OEMs,
Continental Automotive Systems set up its presence in India in 2006 and
recently started engineering activities in Bangalore.
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