Auto Sector

Skoda To Hike Car Prices By Rs. 20,000 Next Year

skoda_carSkoda Auto, well-known car maker, has announced that the prices of their cars would go up by around Rs 20,000 from next year.

The company has quoting higher costs of raw materials, rising freight charges, petroleum products as the reasons for increasing the prices of its cars.

A company official said, "Input costs are negotiated on an annual target achievement basis with our vendors and the increase in prices is in line with our renegotiated terms with them. The company has made efforts to keep the price rise marginal on all models."

Suzuki's A-Star to be launched in India and Europe; Splash coming soon

Suzuki Small Car Splash and A-Star unveiled for Indian marketsJapanese car major Suzuki Motor Corporation unveiled its fifth global car “A-Star” in New Delhi on Tuesday. Suzuki will manufacture A-Star in India and the car will be showcased at auto expo. Suzuki Chairman, Osamu Suzuki said that A-Star will be manufactured in India only and will be promoted under Suzuki’s “family theme”.

Bajaj Auto Posts Flat Sales For Oct’07

Rajiv-BajajIndia’s second largest motorcycle manufacturer, Bajaj Auto Ltd has recorded 1% drop in its October sales. However, the company expected motorbike sales to develop in the second half of the existing fiscal (2007-08).

The company has sold 278,176 vehicles during October 2007, as compared to 279,578 vehicles in October 2006.

Bajaj has sold 63,000 units of its new XCD 125 cc bike since its debut in early September.

The company is also raising monthly capacity of the bike to 75,000 units from November.

Hyundai i10 targets small car segment with starting price of 3.39 lakh

Hyundai i10 small car launched in India
The small car market gets hotter with Hyundai planning to manufacture its compact car i10 in India. i10 from Hyundai will cost Rs 3.39 lakh. Hyundai Brand Ambassador Shahrukh Khan was also present during premiere of Hyundai i10. Hyundai expects i10 to be as popular as its Santro and the car will compete with Maruti’s Wagon R, Zen Estilo, and Indica Xeta from Tata.

Passenger Car Sales Up 12% In Sep

CarsIn the domestic market, the passenger car sales during September increased 11.67% to 1,05,822 units from 94,757 units in the same month of the previous year (2006).

The monthly sales figures published by Society of Automobile Manufacturers (SIAM) showed a decline in motorcycles sales in the domestic market during September. The sales turned down 18.40% to 5,48,816 units, as against 6,72,570 units in the same period of the last year.

The overall two-wheelers sales in September 2007 rejected 13.17% at 6,79,766 units as compared to 7,82,930 units in the year-ago period.

Chevrolet Spark and Tavera helped GM India to grow at 64% in September

Chevrolet Spark GM India
General Motors India has reported a 64 % rise in its domestic vehicle sales during the month o0f September. The company was able to sell more cars as it focused on customer requirements and offered wide range catering to different segments.

Auto Sector Overwhelmed With Rate, Cost Woes, Says Tata Motors

Tata Motors
Mumbai: Tata Motors has stated that it is really a challenging situation for the Indian automobile business as it is overwhelmed with soaring interest rates and consistently high input cost, with a rising rupee value adding to the woes.

Ford launches a new model in India

Chennai, Sept. 26 : Premium carmaker Ford launched the Ford Fiesta1.6 Fida in Chennai on Tuesday.

The new edition with a 1.6 litre duratec engine is available in new copper rust and panther black.

The car is priced at 6.6 lakhs.

Scoot Mcormack, Vice President (Marketing), Ford India, put the sales figures for the earlier version at 55,000, and said he expected good demand during the forthcoming festive season.

Suzuki Motorcycles Towards Expansion Mode

Suzuki Motorcycles India
Mumbai: A top functionary said that Suzuki Motorcycle India Pvt Ltd (SMIL), a subsidiary of Japanese two-wheeler major Suzuki Motor Corporation, has decided to invest Rs 150 crore to swell capacity and fortify its dealership network.

Auto Sales declined in August 2007: SAIM

Society of Indian Automobile ManufacturersSociety of Indian Automobile Manufacturers (SAIM) has reported a decline of 5.4% in two wheeler motorcycle sales for the month of August. The markets were under pressure with lower sales for commercial vehicles and three-wheelers as well.

Analysts expect the markets to perform better in the coming quarters. Many companies are ready to launch new technologies. TVS has recently launched a new bike. In the month of August, 5,43,504 motorcycles were sold.

Lucas-TVS Plans Expansion

Lucas-TVS Ltd.
New Delhi: Auto component maker Lucas-TVS will invest up to Rs. 400 crore by next two-three years in order to swell capability and product growth. It is also planning to establish new constructing units in Indonesia and Thailand.

Arvind Balaji, Lucas-TVS Vice- President, said, “We will invest up to Rs. 400 crore over the next two-three years in R&D, manufacturing and capacity building.”

Maruti Will Not React To Another Company’s Plan - Khattar

Maruti Suzuki
New Delhi: Auto market head Maruti Suzuki thinks that the Rs 1-lakh car projected by Tata Motors is more a threat to two-wheeler makers than car manufacturers.

While addressing stockholders at its yearly general meeting, the company emphasized that a broader product range and new investments will push Maruti’s enlargement in Indian market.

Volvo Rolls Out 6 Sedan, SUV Versions in Indian Markets

New Delhi: Volvo Car CorporationAfter the entry of various luxury car manufacturers such as BMW and Volkswagen, Swedish car major Volvo Car Corporation forayed into the Indian car market with six variants of its two flagship products, the S80 sedan and SUV XC90, at starting prices of Rs. 38 lakh and Rs. 52 lakh correspondingly.

The company has launched two petrol (3.2 litre and 4.4 litre) and one diesel (2.5 litre) versions of both models.

Paul de Voijs, Managing Director, Volvo Car India said, “India is an exciting market and the luxury car segment is growing exponentially here. Now is the perfect moment for us to enter the market.”

Maruti To Invest Rs 90 Bn By Next 3 Yrs

Maruti Suzuki
Maruti Udyog, India`s biggest car manufacturer, is planning to invest Rs 90 billion in its new plants; up-gradation of its Gurgaon facility; and on new series engines for its cars.

The company is coming up with a new car facility and diesel plant at Manesar.

Maruti intends to export its next high volume car targeted at tile European market from India.

Bajaj Auto to take Legal Action Against TVS on Patent Infringement

Mumbai/New Delhi:Bajaj Pulsar 220cc Bajaj Auto plans to take legal action against TVS Motors for infringing its patented technology.
Bajaj Auto has accused TVS of copying its intellectual property right by making use of its Digital Twin Spark Ignition (DTSi) technology in recent TVS models including the 125 cc bike, which was launched earlier this week.

The two-wheeler major, Bajaj Auto states that the DTSi technology was cross-filed in July 2002 under the patent number 195904. It tells it utilizes the technology on all its motorcycle models including the Discover and the Pulsar and plans to use it on its upcoming bike called the Exceed.

Bajaj Motorcycle August Sales Down 7%

Bajaj Discover
New Delhi: Bajaj Auto, India’s second largest two-wheeler manufacturer has reported a seven per cent fall in its motorcycle sales (including exports) in August, which stood at 1,67,483 units as against 1,80,570 units in the corresponding period of the last year (August 2006).

The company said, “The growth of 100 cc motorcycles was registered due to product fatigue as which continued to weigh down the entire industry.”

Satyam Sets up Research & Development Centre for Auto Sector

Satyam Computer Services LtdChennai: In order to carry out research & development (R&D) for the automotive segment, Satyam Comuters Services Ltd has set up a Centre of Excellence in Chennai.

Ashok Leyland to Open More Service Centres in Andhra Pradesh

Ashok Leyland Ltd.Vijayawada: Truck and heavy vehicle manufacturer, Ashok Leyland stated it will establish eight more automotive service centres in Andhra Pradesh.

Vinod K Dasari, Chief Operating Officer, Ashok Leyland said the company instigated its 200th automotive centre at Kodada in Nalgonda zone today to provide superior services to its clients.

Bajaj Auto to shift production from Pune to Aurangabad

Bajaj Auto Ltd.Bajaj Auto has announced that the company will stop production of two-wheelers at its Akurdi Plant in Pune from September 1. The production facilities will be shifted to Aurangabad Plant of the company.

ICML Plans Global SUV, To Invest Rs 800 Cr By 2010

Ambala: Presently Sonalika group’s International Cars and Motors (ICML) is working on a sports utility vehicle (SUV) model for which it has joined hands with an international design house and will invest Rs 800 crore by 2010 for expanding overall capacity.

Deepak Mittal, MD, ICML stated, “All we can say is that we have tied up with a global design house to produce a global SUV model, which would be sold around the world. The project may take over three years.”

ICML is the newest participant to the Indian MUV market and had recently instigated its flagship vehicle ‘Rhino Rx’.

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