Auto Sector

Maruti's December sales jump 20.8%; shares up

New Delhi - Country's largest car-maker Maruti Suzuki India (MSI) on Thursday reported a 20.8 percent increase in total sales in December at 1,09,791 units.

The car maker had reported sales of 90,924 units in the same month last year.

Following the release of strong sales numbers, shares of Maruti were trading 0.50 percent higher at Rs 3,344 in an otherwise weak general market.

The company said its domestic sales increased by 13.3 percent during the month to 98,109 units as against 86,613 units in December, 2013.

Exports during the month rose by nearly three-fold to 11,682 units compared to 4,311 units in December last year, MSI said in a statement.

Nissan unveils taxi convenient for disabled persons

Nissan NV200Hong Kong/Tokyo, Dec 26 : Taxis are convenient daily transportation for the citizens in Hong Kong.

About 18,000 taxis operating in the city are sedan type vehicles having limited trunk space.

This makes it difficult for wheelchair users.

Nissan Motor recently unveiled a new generation taxi for Hong Kong.

It offers an innovative functional cabin that unites comfort with hospitality.

Shiro Nagai, a senior manager (Communications) with Nissan Global Co., Ltd., said, "This NV200 will make an important contribution to Hong Kong society, and providing mobility to all people in Hong Kong."

The new taxi offers barrier-free access to users realized by a universal design layout.

Wait till Dec 31: Jaitley on extension of auto excise sop

Arun JaitleyNew Delhi: As auto makers anxiously watch if reduced excise duty regime would be extended to next year, Finance Minister Arun Jaitley Wednesday said they would have to wait till December 31.

"Wait till December 31," Finance Minister Arun Jaitley said when asked if government would be extending the reduced excise duty incentive expiring on December 31.

The previous UPA government had cut excise duty on cars, SUVs and two-wheelers in the Interim Budget in February to help the industry tide over a demand slump.

Excise duty was reduced to 24 percent from 30 percent in the case of SUVs, 20 percent for mid-sized car from 24 percent and 24 percent for large cars from 27 percent.

Maruti set for record sales in 2014 at over 11.48 lakh units

Maruti set for record sales in 2014New Delhi: Country' largest car maker Maruti Suzuki India is set for a record sales in 2014 at over 11.48 lakh units driven by growth across segments but it expressed concerns that a hike in excise duty could hurt the overall auto industry.

The company is awaiting a clarity on the amendment to the Company's Act before going ahead with the minority shareholders' voting on its plans to let parent Suzuki Motor Corp own and invest at the upcoming Gujarat plant.

BMW to replace air bags nationwide, joining other automakers

BMW air bagsNew York: BMW has agreed to demands from the government to replace driver's-side air bags across the entire US.

The National Highway Traffic Safety Administration has been pushing companies to recall older cars with air bag inflators made by Takata Corp. They can explode with too much force and spew shrapnel at drivers and passengers. At least five deaths have been blamed on Takata inflators.

The decision affects 140,000 BMW 3 Series cars made between January 2004 and August 2006. It says no problems with BMW vehicles have been reported.

Earlier this year the company recalled 574,000 cars in the US.

Honda launches new CB Unicorn 163cc in New Delhi

Honda launches new CB Unicorn 163cc in New Delhi New Delhi, Dec 18 : Honda has launched the new CB Unicorn 163cc in the Indian market for a starting price of Rs. 69,350 (ex-showroom, Delhi).

Keita Muramatsu, President and CEO, Honda Motorcycle and Scooter India Pvt. Ltd., said that the New CB Unicorn 160 is Honda's fourth launch of 2014 after Activa 125, CD110 and Gold Wing and with this launch, Honda is further strengthening its portfolio in 150cc-180cc motorcycle segment, designed to woo the youth.

BMW developing cars that can be parked using smartwatches

bmw Remote Valet ParkingWashington, Dec 17 : Luxury automobile maker BMW is reportedly working on a technology that will allow drivers to park their cars using a smartwatch.

According to The Verge, BMW will be showing off its recent advances in autonomous vehicle research, including the smartwatch-operable Remote Valet Parking Assistant at CES 2015.

The i3 research vehicle with four "advanced laser scanners," can spot and avoid any sudden obstructions within an environment.

On detecting an obstruction, the i3's on-board assistance system automatically triggers brakes. (ANI)

Audi launches A3 Cabriolet in India

A3 CabrioletNew Delhi, Dec 11 : German Luxury car manufacturer Audi India on Thursday launched its compact luxury convertible, the A3 Cabriolet, priced at Rs. 44.75 lakh (ex-showroom, Delhi).

The A3 Cabriolet is a 4-seater two door car with a soft top fabric hood which opens and closes in less than 18 seconds, up to a speed of 50km/h.

"The launch of the Audi A3 Cabriolet, the first compact luxury convertible in India, is yet another example of our Customer-Centric approach. Skillfully blended with a unique body style and distinct design cues, the Audi A3 Cabriolet makes a perfect lifestyle statement," Joe King, Head, Audi India said at the launch.

Mercedes-Benz opens second R&D facility

Bengaluru - Mercedes-Benz Research and Development India (MBRDI) on Tuesday inaugurated its second dedicated facility at Whitefield here.

Spread across an area of 266,000 sq ft with a capacity of over 2,400 people, it is located close to the head office of MBRDI, the company said in a statement.

"MBRDI plays an important role within our global research and development organisation and this new facility is another milestone in the growth story of Mercedes-Benz R&D in India," said Thomas Merker, Vice-President (Body, Safety, Telematics) Mercedes-Benz Cars Development and acting Chairman, MBRDI.

General Motors to hike prices by up to Rs 20,000 from Jan 2015

New Delhi - General Motors India on Monday said it will hike prices of its entire product portfolio by up to Rs 20,000 from next month, in order to partially offset rising input costs.

All the eight models of the company's current product portfolio in the country, including entry level compact car Spark, will become costlier due to price hike.

"We have decided to increase the price of all car models to the tune of 1 per cent with effect from January 1 due to input cost pressure. The quantum ranges between Rs 5,000 to 20,000 depending upon the models and variants," General Motors India, Vice President P Balendran told PTI.

Maruti Alto 800 tops quality among entry level cars: Study

New Delhi - Maruti's entry level model Alto 800 ranks highest in the entry compact segment for initial quality, while rival Hyundai's i10 gets the top slot in the compact segment, said a study on Thursday.

According to JD Power 2014 India Initial Quality Study rankings, Maruti Suzuki Alto 800 ranks highest in the entry compact segment with 97 problems per 100 vehicles (PP100), while the company's Swift ranks highest in the premium compact segment with 78 PP100.

In the compact segment, Hyundai i10 ranks highest with 84 PP100, and the Hyundai Xcent ranks highest in entry midsize segment with 86 PP100.

Honda admits under-reporting serious US accidents since 2003

Detroit/New York - Honda Motor Co failed to notify U.S. safety regulators of 1,729 claims of injuries and deaths related to accidents in its vehicles since 2003, the automaker acknowledged on Monday.

Honda said in a statement that its count of underreported claims came from a third-party audit.

Honda cited "various errors related to data entry" and also said it used an "overly narrow interpretation" of its legal reporting requirements. The company said it is taking steps to remedy these shortcomings.

Takata defends actions over faulty airbags

Washington - A senior Takata executive defended the embattled Japanese auto parts firm's actions today before a US Senate panel investigating an airbag fault tied to several deaths and hundreds of injuries.

Hiroshi Shimizu, Takata's senior vice president for global quality assurance, said his company took responsibility for three US deaths related to what he labelled "anomalies" in its airbags.

But he did not expand that acceptance of responsibility to a broader series of airbags installed for a decade in millions of cars from 10 major manufacturers.

BMW rolls out Mini 5-door at Rs 35.2 L, new 3-door at Rs 31.8 L

Mumbai - To meet the rising demand for its iconic brand Mini, German luxury carmaker BMW Group Wednesday launched its British premium luxury small car in the 3-door and 5-door variants with petrol and diesel options.

For the five-door Mini Cooper D this is a debut in the country as the company has already been selling the first generation 3-door model since 2012 in the country. BMW Group India president Philipp von Sahr said the company has already sold close to 1,000 units of Mini in the country.

The new Mini will be rivalling the likes of Mercedes A-Class, BMW 1-Series, Volvo V40 Cross Country as well as the upcoming Abarth 500. It comes in as many as 11 colours.

Hero MotoCorp to enter European markets next year

Hero MotoCorpNew Delhi : Country's largest two-wheeler maker Hero MotoCorp aims to enter European markets, including Italy, Spain and France, by end of next year, with the launch of its hybrid-scooter 'Leap' in these countries.

In the first phase of its foray into Europe, the company plans to launch its products in Italy, Spain and France followed by the UK and Germany in the next phase of expansion, Hero MotoCorp Ltd (HMCL) said in a statement.

To begin with, the company will launch its first serial-hybrid scooter 'Leap' in these markets, and subsequently bring more models including scooters and motorcycles, it added.

Maruti, Nissan meet safety norms; NCAP 'scaremongering': SIAM

Maruti Suzuki and NissanNew Delhi: Stating that car makers in India meet the country's safety norms, auto industry body SIAM on Tuesday defended Maruti Suzuki and Nissan, which had failed crash tests conducted by Global NCAP on their Swift and Datsun GO models, respectively.

Lashing out at Global NCAP, an umbrella body of consumer car safety testing bodies, for "scaremongering", SIAM Director General Vishnu Mathur said: "Every country has its own safety requirements. Our cars are meeting safety norms set by the government."

Maruti launches new variant of Alto with automatic transmission

maruti alto k10 automatic gearNew Delhi, Nov 3 : Maruti Suzuki on Monday unveiled a new version of its entry-level model Alto with automatic gear shift technology, a feature usually reserved for pricier cars in the market.

Cars with automatic transmission have the potential to be popular in a India due to poor condition of roads and traffic snarl-ups. Priced at Rs. 380,187, Alto K10 is the cheapest car with automatic gear shift.

Managing Director and Chief Executive Officer (CEO) of Maruti Suzuki India (MSI), Kenichi Ayukawa, said Alto K10 is the company's bestselling brand in Indian markets.

Maruti Suzuki to launch new Alto K10 today

maruti suzuki altoNew Delhi: With an eye on reviving growth in its bread and butter mini car segment, the country's largest car maker Maruti Suzuki India will launch a new version of its Alto K10 on Monday.

After the Celerio, the Alto K10 will be the second model to be equipped with auto gear shift (AGS) feature.

While the petrol version delivers a mileage of 24.07 km per litre, the CNG variant will have a fuel economy of 32.26 km per kg.

It will have six different variants and the AGS option will be available only with the top end.

Royal Enfield sales up 47% in October

New Delhi - Two-wheeler maker Royal Enfield on Saturday reported 47.45 per cent increase in its total sales in October at 26,039 units as against 17,659 units in the same month last year.

Domestic sales also increased by 47.4 per cent at 25,510 units last month as against 17,306 units in October 2013, the company said in a statement.

Exports during the month stood at 529 units as against 353 units last year, up 49.85 per cent. (PTI)

Maruti Oct sales dip 1.1% to 1,03,973 units

New Delhi - Country's largest car-maker Maruti Suzuki India (MSI) on Saturday reported a 1.1 per cent decline in total sales in October at 1,03,973 units as against 1,05,087 units in the same month last year.

The company said its domestic sales rose by 1 per cent during the month to 97,069 units as against 96,062 units in October, 2013.

Sales of mini segment cars, including M800, Alto, A-Star and WagonR, declined by 9.2 per cent to 35,753 units compared to 39,379 units in the year-ago month, MSI said in a statement.




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