Toyota forays into export
Rolls Royce launches the Ghost Extended Wheelbase
Mahindra Reva NXR electric car to launch in 6 months
Premium luxury brand Audi India sales hit a towering 84% rise in September
Shrink in profits of automakers like Tata Motors and Maruti Suzuki in second quarter
Mahindra Rise: After Global XUV500, Korean SsangYong cars will debut in India
Toyota Kirloskar Motor announced the start of exports of its “World First, India First”- Toyota Etios & Etios Liva to South Africa. The company plans to begin export by March 2012.
The export model of Etios will be built on the same platform as Etios and Etios Liva, manufactured and sold in India. However, there would be a few changes in technical specifications/features, pertaining to the different needs of each market. The export model will be customized to suit the local requirements. The company will export only the petrol variants of the Etios.
Commenting on the beginning of TKM’s export operations , Mr. Hiroshi Nakagawa, Managing Director, TKM, said, “With the start of exports, TKM has entered a new chapter of business in India. This milestone is a defining moment for all of us at TKM. Exporting the Etios to South Africa would also mean showcasing the advanced technology and superior quality features that have been developed by Toyota for Etios. We are convinced that the Etios will be successful in delivering Toyota’s promise of quality in South Africa too.
Other Automobile NEWS October 2011
Rolls Royce today launched the Ghost extended wheelbase in India at Rs 3.05crore. This is the sixth new Rolls- Royce Motor Cars model in India. The Ghost since its launch in 2009 has been popular amongst many and has a good demand in India. So to revive this principle further, Rolls Royce has now introduced the Ghost Extended Wheelbase. A new dealership in New Delhi is also in the pipeline. The Ghost Extended Wheelbase gets the same 6.6-litre twin-turbocharged V12 engine that churns out 563bhp and 780nm of maximum torque. The Ghost Extended Wheelbase will offer 170mm more room for the rear-occupants and gets panoramic sunroof as a standard feature.
Mahindra & Mahindra will launch its new electric car Mahindra Reva NXR in collaboration with Reva in the next six months. Mahindra Reva NXR price is not yet disclosed but company officials have hinted that it will be a cost-effective car. Stylish 2 door hatchback electric car will keep you free from tensions of petrol and diesel prices touching skies, rather it will give an environment friendly alternative to go for. Rajan Wadhera, Chief Executive of Technology (product development and sourcing) at Mahindra & Mahindra informed that the company is at the final stages of development and that the new car would be ready for launch within six months.
He also said that the new electric powered car Reva NXR would be able to carry four passengers and include features similar to ordinary vehicles. M&M has developed Reva NXR to be like a proper car with space, power and other features. Even the mileage per charge would be more in the new vehicle. Wadhera said that electric cars in India are a bit on the high side of price due to technology. But Mahindra is trying to develop it as a very cost effective vehicle. Currently the company sells only Reva i in India.
Recent studies confirm that the chief passenger car manufacturer in India; is estimated to fall over 25% in the profits. According to a reputed stocking broking firm the major cause for the decline in profits in Quarter two of the current financial year, are the sales that are lowering day by day, fuel hike and components price rise has left the car consumer in disarray. Apart from this, one main reason especially for Maruti Suzuki is the workforce impasse going on at the company’s Manesar production unit. The Manesar plant rolls out , sedan , and .
On the other hand, another homegrown automaker; ’ profits are also projected to hamper, reasoning the higher tax-rate on newly bought automobile company, .
The reports further said that the superior discounts that are offered by the companies sighting the festive season in an effort to increase sales will also end up on marginal show.
Tata Motors hasn’t performed as expected due to worry over the Jaguar Land Rover’s volume growth as the economic conditions in America and Europe are on the verge of instability.
Recently there was some amount of relief for Tata Motors in India, as it has recorded a high of 22 percent in its September sales this year. The company had appeared as the No.1 automobile manufacturer in Britain. In India, Tata Motors retail number of vehicles some of them namely , , and .
German manufacturer of luxury cars in India; accounted a thumping growth in sales of nearly 84% for the past month i.e. September 2011. According to the company, it had made sales of 302 cars last year in the same month which got better this year with the sales of 555 cars.
As per reports, the sales of Audi India grew by 93.30% during the period from January to September. It sold 2178 cars in the same period last year while in 2011 the company made sales of 4210 .
The firm sees this exceptional progress a result of their continuous focus on the introduction of a power-packed array of , fortified dealership network not only in metro cities but also two-tier and three-tier cities in the country, as stated by Audi India Head-Mr. Michael Perschke.
Audi India intends to expand its network across the nation with present 14 centers to 25 locations by 2012 year end. The Audi A8L, unwrapped in the start of 2011, obtained an awesome response, he added. The firm will carry on setting gold standards in the automobile segment as it has been doing across the globe.
Audi is rated among the top premium car manufacturers in China and Europe, while in India and America it is positioned as the rapidly developing luxury car brand.
In the ongoing year, has launched eight models; some of them are , , , and . In 2011 company has commenced showrooms in Delhi, Chennai, Surat and Ludhiana. While inauguration is planned further in cities like Lucknow, South Mumbai, Delhi West, Indore and Coimbatore.
Home-based auto major and Mahindra is concentrating for the first time to transport three Ssang Yong cars in the country. Mahindra had acquired the fourth largest automobile manufacturer in South Korea; Ssang Yong Motor Company in 2010. Initially Mahindra has settled to bring in three cars out which one will be Sports Utility Vehicle (SUV), in which the company has attained huge success in the past.
The Chief Executive for Product Development at Mahindra and Mahindra, Mr Rajan Wadhera stated that these cars will be take a couple of more years to sight success, he added that both the firms are working in collaboration with each other to make this endeavor an achievement.
According to Mr. Rajesh Jejurikar- the Chief Executive for Automotive Division, the company will develop a product which will be bigger than XUV500 with the assistance of Ssang Yong Motors in the near future.
Riding high with the triumph of its Global SUV which was launched last week in India, the company has rolled out the same in South Africa as well and is now eyeing the West European, Brazilian and Australian auto market by the year end. The firm is focusing on the launch of a mini version of its successful Multi Purpose Vehicle, Xylo with Euro 5 emission by the financial year end.
Currently, apart from XUV500 and , Mahindra as a standalone retails , , .