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 forays into export
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.
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.
Shrink in
profits of automakers like Tata Motors and Maruti Suzuki in second
quarter.
Recent
studies confirm that the chief passenger car manufacturer in India; Maruti
Suzuki 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 Maruti Swift, Wagon
R sedan Maruti
SX4, and Swift Dzire.
On the
other hand, another homegrown automaker; Tata Motors’ profits are also
projected to hamper,
reasoning the higher tax-rate on newly bought automobile company, Jaguar Land Rover.
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 Tata Safari, Tata Grande
Dicor, Tata Indigo Manza and Tata Indica
Vista.
Premium luxury brand Audi India sales hit a towering 84% rise in September .
German
manufacturer of luxury cars in India; Audi 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 cars in
India.
The firm
sees this exceptional progress a result of their continuous focus on the
introduction of a power-packed array of new cars, 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, Audi in India has
launched eight models; some of them are Audi A4, Audi A6, Audi
Q5, Audi Q7 and Audi R8. 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 Mahindra 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 XUV500 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 Xylo, Mahindra as a standalone retails Bolero, Scorpio, Verito.
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