Mercedes Benz keen to launch hybrid cars in India

After Honda and Toyota, it now seems Mercedes Benz India has been bitten by the hybrid bug. Even though its India may not see the Merc-branded car in the near to medium term, it could be a possibility in the distant future. Mercedes-Benz India chief executive officer and managing director Wilfried Aulbur recently told reporters here, “We are very keen to launch hybrid cars in India. But it would be possible only when these cars hit the right-hand drive markets.”
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Honda Siel recalls 8,532 units of 2007 City sedans

Honda Siel Cars India has officially announced that it would call back 8,532 units of 2nd Generation City sedans manufactured in 2007 for a preventive part replacement of power window switch.
According to the HSCI’s official statement, “The company is proactively replacing the part in these vehicles related to the potential problem of smoke coming out from the Power Window Switch if water enters the driver window when window is left open during heavy rain or is exposed to any other liquid due to spillage.”
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Jaguar to celebrate 75th anniversary in 2010

Year 2010 marks the 75th anniversary of the Tata-owned Jaguar, and 75 years of looking forward, designing and building cars that represent the very best of technical innovation, design leadership and sporting success.
Mike O'Driscoll, managing director of Jaguar Cars, said: "In 2010 we celebrate our past, and 75 years of designing and building cars that celebrate the art of automobile making. We're also celebrating the promise of the future, and the introduction of the all-new XJ.
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Audi Quattro Cup 2010 to kick off on 30th January, 2010 in Gurgaon

Audi Quattro Cup 2010 which begins its third season in India at Gurgaon from January 30th, 2010 will be the biggest in India with 12 tournaments in 11 cities – Gurgaon, Ahmedabad, Bangalore, Chennai, Chandigarh, Delhi, Hyderabad, Jaipur, Kolkata, Mumbai and Pune.

Read full story : Audi Quattro Cup 2010 to kick off on 30th January, 2010 in Gurgaon

Second edition of Parx Super Car Show 2010 in Mumbai on Jan 31

The second edition of the Parx Super Car Show which has been conceived and organised by Gautam Singhania is scheduled to be held in Mumbai on January 31, 2010. The first-ever display of India's most expensive cars which took place on April 5, 2009 saw Mumbaikars assemble early on the Sunday morning to witness this automobile spectacle.

 

It is to be mentioned that the Parx Super Car Show plans to establish a forum for car enthusiasts to interact and display their sensational cars. Gautam Singhania happens to be the founder & Chairman of the Super Car Club of India.

 

Parx Super Car Show 2010 is being sponsored by XXX Energy Drink, in association with IIFL and that's what XXX energy drink is all about. As the Title Sponsor of Parx Super Car Show, the XXX energy drink reflects sheer excitement and pure power unleashing raw energy. The brand XXX is creation of .Sachin J.Joshi, vice-chairman of GT&T Pvt. Ltd., a subsidiary of JMJ group, a Rs.1000 crore company that is into diverse businesses.

 

It is also to be mentioned that Joshi is a young dynamic personality who believes in etching a mark through his business acumen. As an individual he reflects style and class which is also seen in his passion for cars. A proud owner of Bentley, Continental GT speed 2010, Mercedes CL 63 AMG and Mercedes CL 500.

 

He says – "I believe in accelerating towards life with extreme energy, high excitement and sheer drive; which is why Parx Super Car Show appealed to me instantly as it also reflected the XXX brand personality of extreme energy and extreme excitement."

The adrenalin rush that one experiences after having a XXX energy drink is the same as driving these super fast cars. Everything about these cars is extreme from power, size, and speed to prize.

 

Following a display of the cars at Vidhan Sabha Parking Lot, the show will involve a parade through the roads of Mumbai from the display venue via Breach Candy through the Sea Link to Bandra (East) and back via Peddar Road to the venue, to provide a flavor of these cars to Mumbaikars. The Parx Super Car Show will showcase ionic dream machines such as Lamborghinis, Ferraris, Porsches, Bentleys, Rolls Royce Phantom, Lotus Elize Ariel Atom and others.

Motherson Sumi Q3 2009-10 PAT at Rs. 77.88 crore

Motherson Sumi Systems, the flagship company of the Samvardhana Motherson Group reported a profit after tax of Rs. 77.88 crore for the third quarter ending 31st December this financial year. It is to be mentioned that the company had a PAT of Rs 25.39 crore during the corresponding period last fiscal. However, the results of the two corresponding fiscals are not comparable because of acquisition of UK-based VisioCorp's rear view mirror business in Europe March last year for 25 million euro. The company reported total sales of Rs 1,782.27 crore during the third quarter. It had sales of Rs 546.49 crore during the year-ago period.

 

"Our domestic wiring harness business registered a good growth on the back of revival in the auto industry. Besides, the European subsidiary Samvardhana Motherson Reflectec (SMR) has also turned profitable after we acquired it last year," Motherson Sumi Systems Chief Operating Officer Pankaj Mittal told PTI, adding that  the company has operationalised three new facilities for wiring harness during the past few months and one more would soon come on stream. He also mentioned, "The new plant at Chennai will be exclusively catering to the demand of Nissan's facility there. Besides, we have put on stream facilities at Pune, Noida and Kandla during this fiscal." 

 

It is to be mentioned that MSSL is is a joint venture between Samvardhana Motherson Group and Sumitomo Wiring Systems (Japan). MSSL is one of the largest manufacturers of Automotive Rearview Mirrors for passenger cars in the world together with being the largest manufacturer of automotive wiring harnesses in India. It also supplies plastic components and modules to the automotive industry. Other product range of MSSL comprises of rubber components for automotive and industrial applications, high precision machined metal parts, injection molding tools and HVAC Systems. The integration of diverse products and technologies leading to comprehensive solutions is a unique advantage, which makes the company a globally preferred solutions provider. MSSL has presence in 21 countries and has manufacturing bases in five continents across the globe to support its customers.

Michelin India opens its second truck service centre for South India in Sankari

Michelin, a worldwide leader in tyres and mobility, opens its second truck service centre MTSC, (Michelin Truck Service Centre) in the Southern region in Sankari, near Salem. MTSC is a one-stop-shop for Bais, radial tyre and related services for trucks. Apart from the application based Tyre recommendation & sales, MTSC's gamut of services include Wheel Alignment, wheel balancing, professional tyre repair service, greasing etc. The MTSC was inaugurated by Philippe Neyrat, commercial director, Michelin India, in the presence of Harkesh Jaggi, manager Distribution, B. Kumar, National Sales Manager, TB and other officials & guests.  

 

Speaking at the opening, Philippe Neyrat, commercial director, Michelin India, said, "We see India as an economy developing at an accelerated pace, with focused growth in infrastructure. The highways across the country carry heavy traffic; therefore, that is where the demand for a service centre was inevitable. In keeping with its commitment to India, Michelin offers services mainly for radial tyres, which help contribute to save fuel, up to 10 per cent.  Truck Radial is the way of the future, it helps reduce the cost of the fleet owner by reducing his fuel bill and the overall tyre cost." 

 

The opening of the second MTSC in South deepens the availability of Michelin products and services along India's highways and will help to meet the soaring demand for Michelin Radial tyres. Being a one stop shop where all these services would be provided under one roof, MTSC would save the customer's time and expenditure on maintenance/ servicing. 

 

Sankari is one of the historic town located around 35 km south-west of Salem. It is situated on the Salem-Coimbatore National Highway-NH47, in Salem District, Tamil Nadu and is very famous for Lorry/truck industries and its allied business. In order to service the needs of our valued clients for both Radial Truck Tyres & Tyre related services, Michelin has opened its second MTSC centre in Tamil Nadu.

 

K.K. Natesan & K. Ramesh, owners Sri Manikandan Tyres, said, "We are pleased and honoured to be associated with Michelin Tyres as their partner in MTSC. Partnership with Michelin, an international leader in tyre technology, makes it possible for us to cater to huge market of Radial Truck Tyres in this district. It also enables us to provide the best possible Tyre related services using the latest machinery and well trained staff." 

 

MTSC is an internationally successful format, particularly in the Asia Pacific region and we see it growing in India too. Michelin has maintained leadership position for more than 100 years, thanks to its relentless efforts in research and development. 

 

Michelin is dedicated to sustainably improving the mobility of goods and people by manufacturing and marketing tyres for every type of vehicle, including airplanes, automobiles, bicycles/motorcycles, earthmovers, farm equipment, trucks and the US space shuttle. It also offers electronic mobility support services, on ViaMichelin.com, and publishes travel guides, hotel and restaurant guides, maps and road atlases. Headquartered in Clermont-Ferrand, France, Michelin is present in 170 countries, has around 115,000 employees and operates 68 production plants in 19 different countries.

 

 

BPCL third quarter profit plummets 52 per cent to Rs. 379 crore

Bharat Petroleum Corporation has reported a 52.6 per cent decline in its net profit at Rs 379.09 crore for the third quarter ended 31st December, 2009. The state-owned company posted a net profit of Rs 799.84 crore in the year-ago period. The net sales of HPCL shot up to Rs. 32,161.24 crore during Q3 FY 2009-10 from Rs. 31,884.48 crore in the same period last year. The company's market sales rose to 7 million tonnes compared to 6.84 million tonnes in the corresponding period last year.

 

Bharat Petroleum Corporation Limited (BPCL) is one of India's largest PSU companies, with Global Fortune 500 rank of 287 (2008), with its corporate office located at Ballard Estate, Mumbai. Bharat Petroleum is considered to be a pioneer in Indian petroleum industry with various path-breaking initiatives such as Pure for Sure campaign, Petro card, Fleet card etc.

 

BPCL's growth post-nationalisation (in 1976) has been phenomenal. One of the single digit Indian representatives in the Fortune 500 & Forbes 2000 listings, BPCL is often referred to as an 'MNC in PSU garb'. It is considered a pioneer in marketing initiatives, and employs 'Best in Class' practices.

North-East centre of NATRiP Dholchora inaugurated by Industry Minister

The Dholchora Campus of the National Institute for Automotive Inspection, Maintenance And Training was inaugurated by the Hon. Minister of Heavy Industries and Public Enterprises, Shri Vilasrao Deshmukh. In attendance was an impressive political entourage consisting of local luminaries like Shri Dinesh Prasad Goala, Hon. Minister for Urban Development Housing, Government of Assam, Shri Kabindra Purkayastha, Hon. MP from Silchar, Dr. Rumi Nath, MLA from Borkhola and of course our very own former Minister of Heavy Industries, Shri Sontosh Mohan Dev and a plethora of other dignitaries, including Shri Rajesh Singh, CEO and Project Director, NATRIP.

 

Inaugurating the Dholchora campus, Shri Vilasrao Deshmukh, Hon. Minister of Heavy Industries and Public Enterprises stated that this was a very important centre to come up in this region and not only a pride for the North-Eastern parts but the entire country. He emphasized that such a centre would encourage OEMs to set up factories here and accompanying ancillary units like components would surely fuel economic growth in this region. Hon. Minister stated that with modern driving aids like the Driving simulator present here, people could practice driving virtually without endangering other road users and become proficient drivers within a short period of time. He vowed to carry on the good work done by his predecessor, Shri Sontosh Mohan Dev and promised full support to all running projects.

 

Shri Vilasrao Deshmukh, Hon. Minister of Heavy Industries and Public Enterprises especially mentioned that this centre would help upgrade the driving skills in this region and make the on road vehicles better maintained with fast upcoming facility of automated Inspection and Maintenance, the first of its kind in this region. He said that the mechanics training institute would also help in better maintenance of vehicles thereby improving the overall road safety profile in the north east.

 

Hon. Minister for HI and PE also inaugurated the driving simulator, the first in this region and one of handful in the country.

 

While the Indian Automobile Industry is growing at an impressive rate, there is a growing concern regarding the increase in number of accidents taking place on Indian roads. India accounts for about 10% of road accident fatalities world-wide equivalent to hundred and twenty thousand lives. Also, as per a survey, India looses around Rs.55,000 Crores annually due to the road traffic accidents.

 

This necessitates important action to be taken by the automobile researchers and engineers for promoting vehicle safety. Road Safety in the developing countries is assuming a serious dimension with fatal and serious accidents on the rise. Other areas of concern are the constant rise in number of traffic violations, and unabated congestion resulting in road rage, crime, and pollution.

 

At the Dholchora campus in Silchar, a hill driver Training centre equipped with training tracks, and a driving simulator is already functional. This, coupled with knowledgeable and efficient trainers will help train commercial vehicle drivers to drive safely in hilly terrain and all weather conditions. This is especially important, considering the fact commercial drivers spend most of their working life on roads, which leave a lot to be desired in terms of safety, signage etc.

 

The biggest bane of most truck drivers is undoubtedly overloading and sometimes rash driving. However, it has been seen that with proper instruction and education, most truck drivers refrain from such counterproductive practices. Also, concepts of scientific traffic management, usage of vehicle controls and systems i.e. turn signal indicators, importance of maintenance and basic driving skills like hill holding with load, are in a position to be taught today. Currently, experts are imparting lessons both on the simulator, as well as in a mix of theory classes and practical demonstration training.

 

Jaffirbond, which is racing towards its finish line, is almost ready to start what has been envisioned as the most important factor which could make our roads safer today: Inspection and maintenance (I and M). Today, there are more vehicles on the road than ever before, and this has compounded the problems of maintenance and upkeep of all vehicles, especially commercial ones. Studies show that sometimes even basic maintenance is lacking like tyre tread depth, usage of lights, especially blinkers and rear combination lamps etc. are woefully inadequate. Add to this overloading and bad driving practices and a sure recipe for disaster raises its ugly head. The Jaffirbond campus aims to impart quality education on I and M to students who will be the future of the vehicle industry of India and thereby create a whole new generation of youngsters who will be the demand of the automobile industry of tomorrow. Further, the Jaffirbond campus unique I and M initiative is likely to be involved in the national Inspection and Certification (I and C) regime, which is being initiated by the Ministry of Road Transport and Highways (MoRTH) in North-Eastern areas.

 

The Dholchora and Jaffirbond campuses are a unique collaboration between the Government, the public and industry. With the first batch of instructional sessions already underway, this centre is poised to play a leading role in the entire northeastern area, given the fact that the North-East is primarily a hilly region and has some of the most beautiful (and dangerous) roads in the entire country.

 

National Automotive Testing and R and D Infrastructure Project (NATRiP), the largest and one of the most significant initiatives in the automotive sector so far, represents a unique joining of hands between the Government of India, a number of State Governments and Indian Automotive Industry to create a state of the art Testing, Validation and R and D infrastructure in the country. The Project aims at creating core global competencies in the automotive sector in India and facilitates seamless integration of Indian Automotive industry with the world as also to position the country prominently on the global automotive map. The facilities under NATRiP at Manesar, Chennai, VRDE Ahmednagar , ARAI Pune, Rae Bareilly, Silchar and Indore will not only provide comprehensive homologation and product testing and validation facilities for vehicles and components but will also foster global competencies for generic research and development geared to catapult India into the league of nations with automotive excellence. NATRiP centers will house several Centre of Excellence for advanced research in emerging areas of technologies.

Tata Steel JV with Nippon Steel for auto cold-rolled flat products

Tata Steel Board has approved a framework for a joint venture between Tata Steel Limited (TSL) and Nippon Steel Corporation (NSC) for the production and sales of automotive cold-rolled flat products at Jamshedpur, Jharkhand, India to address the localisation needs of Indian automotive customers for high-grade cold-rolled steel sheet and contribute to further expansion of the Indian automobile industry. TSL will hold 51 per cent and NSC will hold 49 per cent of equity capital of the Joint Venture company.

 

The above joint venture aims to capture the growing demand for high-grade automotive cold-rolled flat products in India by setting up a Continuous Annealing and Processing Line (CAPL) with a capacity of 600,000 tonnes. NSC will transfer its technology for producing high-grade cold-rolled steel sheet for automotive application, including skin panels and high tensile steels.

 

NSC and TSL have a long history of cooperation in the field of automotive flat products and other areas of mutual interest. Through this project, NSC and TSL have decided to strengthen the partnership by entering into a joint operation. The companies will target conclusion of the joint venture agreement by June 2010 and start-up of operations before March 2013.

 

In addition to this, both companies will continuously discuss further collaboration in other fields such as automotive CGL or up-stream processes etc.

 

Established in 1907 as Asia's first integrated private sector steel company, Tata Steel Group is among the top ten global steel companies with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 29 billion in FY '09, has over 80,000 employees across five continents and is a Fortune 500 company.

 

HPCL posts net profit of Rs. 31 crore during third quarter of current financial

Hindustan Petroleum Corporation has reported a net profit of Rs. 31 crore for the third quarter ended December 31, 2009. The company had a net loss of Rs 422 crore in the same period previous fiscal, HPCL said in a filing to the Bombay Stock Exchange. However, the company's total income dropped to Rs. 28,099 crore for the October-December quarter, from Rs. 29,541 crore in the same period last fiscal.

 

It may be recalled that HPCL's Mumbai Refinery rolled out the first batch of  BS-IV MS [Petrol] for meeting their North and North West needs. The aforesaid refinery had undertaken the project for up-gradation of Motor Spirit Fuel quality to meet BS-III & BS-IV specifications. This project consists of three major units namely, Naphtha Hydrotreating / Catalytic Reformer, FCCU Naphtha Hydrotreater and Isomerisation unit.

 

These units are getting commissioned phase-wise from May, 2009 and on 4th January, 2010; HPCL's Mumbai Refinery has achieved one more significant step by manufacturing BS-IV MS which is mandatory as per the Auto Fuel Policy for implementation of BS-IV Fuel in select 13 cities and BS-III Fuel in rest of the country. HPCL plans to supply BS-IV MS from their marketing installations / depots, effective 1st April, 2010.

 

However, as a pre-preparatory [dilution] exercise, the BS-IV MS was rolled out on 4th Jan., 2010, only to HPCL's Marketing installations. The first batch of EURO-IV MS was launched at the hands of their chairman & managing director, Arun Balakrishnan in the presence of director (Marketing), S. Roy Choudhury, director -HR, V. Vizia Saradhi, director – Finance, B. Mukherjee, director - Refineries, K. Murali and other Senior Officials from HQO and Mumbai Refinery.

 

This is a rare distinction that HPCL, Mumbai Refinery is the first among all Public Sector Refineries in manufacturing BS-IV MS production, having stringent quality, specs like Sulphur less than 50 PPM, Olefins less than 21 per cent and Aromatics less than 35 per cent.

Daimler AG to roll out India-specific trucks from Chennai by 2012

Even after disengaging with Hero Motors for the commercial vehicle joint venture, the Indian arm of German commercial vehiclemaker-Daimler AG has categorically stated that it would continue to pursue its plans to make trucks and buses in India on its own.

 

Furthermore Daimler India is also planning to invest €700 million to increase the production capacity of its trucks in its manufacturing plant at the SIPCOT Industrial Park in Oragadam, near 40 km from Chennai (in Tamil Nadu). Of late, it has been learnt from a senior official of its Indian arm (Mercedes-Benz India) that Daimler AG is developing a truck especially for the Indian market that will hit the roads by 2012. At present, Daimler has presence in the Indian passenger car and commercial vehicles segment through Mercedes Benz India. The company rolls out Actros range of mining trucks and buses from its Chakan plant in Maharashtra. 

 

"We (Daimler) are developing a totally new truck for the Indian market and it will be rolled by 2012 from the Chennai facility," Mercedes-Benz India managing director and CEO Wilfried Aulbur told reporters in New Delhi. He said the India-specific truck will be in various categories and will have new branding under Daimler operations.  He added, "Our existing Mercedes range of trucks are premium and hence expensive ones. Therefore, we are creating a new product, and in future there will be Daimler trucks across all spectrums."   

 

Even though the timeline of the proposed investments could not yet be ascertained. Industry sources on condition of anonymity have revealed that the is meant to be commissioned in a 1,000 acre-plot at Chennai at an initial capacity of 70,000 trucks per year and provide direct employment to around 2,000 people.

 

It is to be mentioned that last year, Hero Group and Daimler AG had agreed to form a JV- Daimler Hero Motor Corporation (DHMC) - in which Daimler was supposed to have a 60 per cent stake and the Hero Group the balance. The partners had earlier earmarked an investment outlay of Rs. 4,400 crore for the JV, including setting up a manufacturing plant. Hero Daimler JV was to manufacture light and medium commercial vehicles initially, and heavy duty vehicles then. The light and medium commercial vehicles were to be launched by 2010, while the heavy commercial vehicles were to roll out by 2012. But, more than a couple of months back Hero Group had decided to pull of the venture, citing the unfavourable conditions in the CV industry globally.

Michelin India rolls out Tyreplus in Madurai

Tyreplus, a joint initiative by Michelin Tyres, the world leader in tyre technology and Sundar Tyre Mall opened in the city of Madurai today. The opening ceremony was attended by Philippe Neyrat, commercial director, Michelin India, in the presence of Prashant Sharma, manager, Distribution, PC, Shantanu Deshpande, manager, Marketing (PC & TB) and other officials & guests. 

 

The 'Tyreplus' store located at Nehru Nagar is spread over a total area of around 4,000 sqft and has a pleasant ambience, innovative display of Tyres and accessories and a workshop, fully-equipped with latest machinery to handle all tyre and related services, an exercise undertaken by Michelin Tyres for all its 'Tyreplus' outlets across the world.  

Speaking at the inauguration, Philippe Neyrat, Commercial Director, Michelin India said, "Since last decade the industry has witnessed an exceptional rise in customer demand for quality services. The objective for bringing 'Tyreplus' to India was to make available the choice of brands of tyres and related services to Indian car owners and drivers under one roof at fair and competitive prices." 

 

"'Tyreplus' is an addition to Michelin's initiative of innovative distribution programs that aim to enhance retail experience for customers. We are confident that this new distribution programme/ concept will appeal to the consumers in this region", he further added. 

 

Also present at the occasion, K.S Palanikumarasamy &.K.S.P Sundaravel, owners said, "We are delighted to have got this opportunity to be associated with Michelin tyres, which is synonymous with quality and excellent technology. Together we hope to present to our customers with the best products and services available in the market."  

Tyreplus, supported by Michelin, a worldwide leader in tyres and mobility, is the automotive service network provider of high quality products and preventive maintenance services for cars at affordable prices. Under the one-stop-shop concept, 'Tyreplus' offers a variety of quick automotive services helping customers to minimize the time and money involved in maintaining their vehicles. 

 

Established in 2002 in Asia, Tyreplus is a global Michelin initiative to establish networks of independently owned tyre outlets in various countries through a licensee program offered by the tyre maker. The program has 1,000 participating stores in China, Australia, Thailand, India, Saudi Arabia and Russia.  

 

Michelin is dedicated to sustainably improving the mobility of goods and people by manufacturing and marketing tyres for every type of vehicle, including airplanes, automobiles, bicycles/motorcycles, earthmovers, farm equipment, trucks and the US space shuttle. It also offers electronic mobility support services, on ViaMichelin.com, and publishes travel guides, hotel and restaurant guides, maps and road atlases. Headquartered in Clermont-Ferrand, France, Michelin is present in more than 170 countries, has around 120,000 employees and operates 68 production plants in 19 different countries.  

Maruti Suzuki ships out 500 units of Ritz superhatch to Indonesia

In its bid to enhance its foothold in the South East Asia markets, Maruti Suzuki India Limited is now looking to export its models to countries like Indonesia. Of late, PTI has reported that the country's second largest car export had already made first shipment of 500 units of Ritz to the Indonesian market. Ritz is available in two variants-1.2 litre petrol and a 1.3 litre diesel engine. The move to target South East Asian markets with Ritz comes just after its A-Star premium compact car crosses one lakh units mark for exports in December, within 11 months of starting overseas shipments. It was reported earlier that the A-Star is exported to 44 countries, predominantly in Europe, along with Philippines, Taiwan and Hong Kong.

"Indonesia is a prime destination for Ritz. On Wednesday, the first lot of 500 units of Ritz, sporting 1.2 litre petrol engine, is being dispatched to Indonesia," a senior company official was quoted as saying to PTI, adding that "A-star and Ritz represent important steps by an Indian company to emerge as a car manufacturer with global appeal. It is in line with parent Suzuki Motor Corp's vision of turning India into a global hub for compact cars."

In a separate media report, Maruti Suzuki had also revealed that it is looking to enhance its export base by entering into markets in the Middle East, South America, West Asia and Australia. "We are currently exporting our cars to the European countries but now we will start exploring new markets such as Africa, South America, the Middle East and Australia to boost our exports," a senior official told reporters in Chandigarh recently.

Meanwhile, Maruti Suzuki has said that is aiming to clock 1,000,000 units in sales during the current financial year on the back of resurgence in the domestic car market and stable demand in the overseas markets. However, the company has maintained that it sees
the next year challenging on rising raw material prices and a possible roll back of government stimulus package. It is to be mentioned that Maruti, Maruti, in which Japan's Suzuki Motor Corp has 54.2 per cent stake, has already sold nearly 731,000 vehicles in the first three quarters of this year.

The company's chairman R.C. Bhargava was quoted as saying to Reuters exclusively,"All these are concerns and it is not possible to make a firm accurate forecast of what will happen in the next 15 months," he told Reuters in an interview, referring to the outlook for the coming year.  He added, "Sales in 2009-10 are expected to jump 26 per cent from 792,166 units in the previous year, with exports set to double to 145,000 units. Bhargava said exports were likely to be maintained in 2010-11, with sales to new markets such as Africa, Australia and New Zealand. An end to a scheme to scrap older cars in Europe this year is expected to have a significant impact on the sales of Maruti's A-Star hatchback, which is exported to several countries there including Germany, Britain and France.

Mahindra Automotive Sector wins SP Jain Marketing Effectiveness Conclave trophy for 2010

Mahindra & Mahindra Ltd.'s Automotive Sector recently received the prestigious SP Jain Marketing Effectiveness Conclave trophy for 2010. The winning team presented a paper titled 'Market Dominance: The Mahindra Way - Portfolio Strategy & Brand Differentiation for Effective Marketing' which saw them edge out stiff competition from other final round companies, namely, ICICI Prudential Life Insurance, HDFC Bank and Raymonds to lift the trophy. 

 

"Mahindra's auto sector has always been known for its innovative, path-breaking and most talked about marketing campaigns and strategies, whether for the iconic Scorpio, the evergreen Bolero or  for the fun & trendy XYLO. This award is a clear validation of our winning formula!" said Vivek Nayer, senior vice-president, Marketing, Automotive Sector, Mahindra & Mahindra Ltd. 

 

A total of 22 teams from various corporates submitted their papers in the first round of the competition. A shortlist of 13 teams then submitted a written case study, with four teams selected to make presentations and compete in the final round for the coveted trophy. 

 

Jury members included eminent names such as Dr. Vithala R. Rao from Johnson School, Cornell University, K.S. Ramesh, ex ED & CEO, CavinKare, V. Shantakumar, ex CEO, Saatchi & Saatchi, Kinjal Medh, COO, Cogito Consulting and Prof. S.K. Palekar of SPJIMR. 

 

It is to be mentioned that the SP Jain Institute of Management and Research (SPJIMR), Mumbai, is a premier Business school which has been consistently ranked among the top 10 B-Schools in India. The SPJIMR Marketing Impact Awards (SMIA) is an annual affair which rewards marketing initiatives based on their impact. This event felicitates those corporate houses that have solved a business problem or exploited a market opportunity with marketing initiatives that are significantly more impactful than those of their competitors.  

 

The awards attempt to prove that the effectiveness of marketing can be demonstrated and quantified. As an academic institution which believes in 'Influencing Practice', SPJIMR provides a platform to share the best practices and stimulate new thinking on how to measure and isolate the long term impact of marketing initiatives on business. 

 

Nissan India ‘V’ platform to offer hatch, sedan and a mini-MPV versions

Japan's third largest carmaker, Nissan Motor Company, which had earlier said it will offer 5 locally-built cars in the Indian market, is looking to leverage on its 'V' platform. Initially, the company will roll out a hatchback car, which will replace the March/Micra subcompact in Europe, following a sedan version next year and later a mini-MPV.

 

While inaugurate company's dealership in Pune, Nissan Motor India CEO Kiminobu Tokuyama  confirmed that five of the nine models due for launch in India till 2012 will be made at the company's Chennai facility. Three of them will be on the newly-developed compact car 'V' platform. The first will be a hatchback, followed by a sedan in 2011, while the third model is yet to be finalised, he said. The remaining four models will be imported as completely-built up (CBU) cars from Japan.  

 

"The Chennai factory, co-owned by French partner Renault SA, plans to ship 110,000 units of Nissan's new global compact car in 2011, mainly to Europe, expanding that to 180,000 "in the near future", Tokuyama said.  Even though Tokuyama did not disclose how many of the compact cars it will build for local consumption, he said Nissan wanted to at least match its global market share of about 5.5 percent in India as soon as possible.

 

When queried about the company's global sourcing plans, Kiminobu Tokuyama, managing director told reporters, "India will be export hub for components for our plants in Taiwan, Thailand and Japan. For 2010, we are planning to source US$10 million worth of volume from India, which would be scaled up to US$ 20 million by 2011 and US$ 40 million by 2012." He further stated, "We have appointed 97 suppliers across India, some of whose products will be exported to overseas plants," Tokuyama said. Among the parts Nissan Motors is planning to export from India are engine pistols, clutch discs and starter motors.

 

Three Audi models wins ‘Best Cars of 2010’

Audi has continued its success story in the 'Best Cars of 2010' readers' poll conducted by the magazine "auto motor und sport" (ams). Readers voted three Audi models – the Audi A4, R8 Spyder and Audi Q5 (which are also sold in the Indian market)– into first place in their categories. Second places for the Audi A3, A6 and R8 Coupé rounded out the outstanding result.

 

The three first-place finishes once again made Audi one of the most successful brands in the readers' poll. The Audi R8 Spyder finished top of the category "Convertibles" this year at the first time of asking. Rupert Stadler, chairman of the Board of Management of Audi AG, took receipt of the award in the "Alte Reithalle" in Stuttgart. In the "Off-road vehicles" category, the Audi Q5 left its competitors trailing. The award was accepted by Michael Dick, Member of the Board of Management for Technical Development at Audi AG. 

 

And in the 'Midsize class' category, the Audi A4 was the undisputed number one for the third successive occasion. Peter Schwarzenbauer, Member of the Board of Management for Marketing and Sales at Audi AG, received this award on the company's behalf in Stuttgart.

 

These impressive results were rounded out by the three second-place finishes. Readers of ams voted the Audi A3 into second place in the 'Lower midsize class' category, a feat emulated by the Audi A6 in the 'Upper midsize class' and the Audi R8 Coupé in the 'Sports car' categories.

 

This was the 34th time that the magazine "auto motor und sport" had conducted this poll, with almost 100,000 readers casting their votes for 326 models in 10 different categories.

 

 

Hyundai Motor net profits up by 104.5 percent helped by India and China operations

Hyundai Motor Company has announced that its net profit increased by 104.5 per cent to 29.615 trillion Won from a year earlier helped by brisk sales in China and India which on a unit sales basis posted y-o-y gains of 93.6 per cent and 14.4 per cent, respectively. South Korea's largest automaker, saw 2009 sales rise 11.7 per cent y-o-y to 3,106,178 units (domestic plants: 1,611,991 units, overseas 1,494,187 units) a year earlier. 

 

Despite the 23 per cent y-o-y sales improvement in its home market in Korea to 701,469 units and the Korean won's appreciation against the US dollar (15 per cent gain) and the Euro (10.1 per cent gain), Hyundai saw 2009 sales revenues slip by 1.0 per cent y-o-y to 31.859 trillion won on reduced export shipments from its Korean plants. 

 

Aided by favourable exchange rates and the company's widely implemented cost-cutting efforts, operating profit also rose by 19.1 per cent to 22.350 trillion won despite higher marketing, dealer and brand development expenses which are necessary to secure future competitiveness. 

 

Domestic sales recovered by 23.0 per cent y-o-y thanks to the successful launch of new models, Equus, Tucson ix and Sonata and tax benefits extended between May and December to new car buyers trading in vehicles 10 years or older.  However, export sales from the three Korean plants fell 17.1 per cent to 910,522 units due to reduced demand in Russia while production of the i30 compact hatchback picked up pace at the newly opened manufacturing plant in Czech. 

 

By region, Hyundai saw a rise in market share in developed countries such as the United States and the EU despite strong headwinds in those regions last year.  In China, Hyundai registered an impressive 94 per cent growth in sales by selling 570,300 units and become the 4th largest company in the country.

Skoda unveils new engine 1.2 TSI for Octavia

Skoda Octavia is going to get a new engine - the existing line of petrol units will be extended with the turbocharged four-cylinder 1.2 TSI/77 kW with direct injection that has been used in the Yeti.

With its performance and maximum torque of 175 Nm at 1,550 – 4,100 revs/min-1, this extremely responsive new engine is an ideal solution for both city and motorway driving. Optionally, the unit can be combined with a six-speed manual transmission or a seven-speed automatic DSG.

Pursuing the downsizing trend, i.e., lower volume & excellent power, this modern engine makes it possible to combine economical operation and environmental friendliness with impressive driveability. With a combined consumption of 5.7 l/100 km, the Octavia 1.2 TSI complies with the EU5 and is now the most economical petrol model of the Octavia line. Furthermore, its low emission record (134g CO2/km) helps significantly in reducing Skoda's average emissions profile. The vehicle will be available from February 2010.

"We are really proud of our smallest engine in terms of volume, because it provides an ideal combination of state-of-the-art technology, economical operation and environmentally-friendly driving. It is an advanced unit that offers excellent driveability under every circumstances," said Dr. Eckhard Scholz, Skoda Auto BOD member responsible for technical development.

The new engine continues Skoda's tradition of over 110 years of excellence in engine manufacturing. The Mlada Boleslav plant started producing this unit in 2009. Planning to reach 1,000 units/day this year, the facility employs 600 people in engine manufacturing and produces as many as 2,800 engines in total every day. Besides the 1.2 TSI, the plant produces two versions of the 1.2 HTP (two different power levels) and performs the finish assembly of the 1.4 MPI and the diesel units 1.4 TDI PD, 2.0 TDI PD, 2.0 TDI CR.

Mercedes-Benz India rolls out S-350 L and CDI L BlueEfficiency in New Delhi

Mercedes-Benz formally announced the arrival of its iconic sedan and a global favourite - the All-New S 350 L and the S 350 CDI L BlueEfficiency in India. With state-of-the-art technology for even greater safety, as well as trailblazing innovations in comfort and drive technology, the Mercedes-Benz flagship is all set to reassert its leading position as the brand's innovation platform and benchmark for luxury sedans. For more than five decades, the Mercedes S-Class cars have signified a special aura, showcased intelligent technology and delivered the highest quality. The new S 350 L is priced at Rs. 82 lakh (ex-showroom Delhi), while the new S 350 CDI L BlueEfficiency comes at Rs. 80.50 lakh (ex-showroom Delhi).

Speaking at the launch ceremony, Dr. Wilfried Aulbur (managing director & CEO, Mercedes-Benz India) said, "The all-new S-Class is the perfect embodiment of the brand's core attributes of safety, comfort, quality and innovation. Its uncompromising standards have made it the preferred choice of the world's most powerful and influential people. Continuing the legacy, the all-new S-Class not only displays outstanding driving dynamics, but is a fitting testament of our technological expertise. Globally the S-Class is the overwhelming market leader in its segment; in India as well, the S-Class is the clear leader with over 53% share of the market. The new S 350 L & S350 CDI L will carry forward the S-Class leadership in this segment."

The 2010 S-Class is the only car in its category to offer a unique combination of ultra-modern assistance and protection systems. The new assistance systems turn the new S-Class model into an "intelligent" partner for the driver. The car is able to see, feel, respond reflexively and act autonomously to prevent accidents or mitigate their effects.

The 2010 S-Class offers features designed to provide highest levels of comfort and safety to its occupants. Features like Advance Parking Guidance with ultrasonic sensors, Multicolour Ambient Lighting, LED Light Package, Climatised seats, Massage function for rear seats, Attention Assist, etc are standard. As an exclusive world first for the 2010 S-Class, Splitview technology is being offered. With two views on a single screen, both the driver & the front passenger can view different functions simultaneously on the screen. A wireless headphone with remote ensures that the co-passenger does not interfere with the driver's focus while on the road.

Great attention has been given to the Rear Seat comfort & entertainment package for the rear-passengers. New introductions include redesigned rear entertainment screens with remote control & 2 wireless headphones as well as standard massage function for the rear passenger.

With typical Mercedes attention to detail, the designers have also given great attention to the interior of the new Mercedes-Benz S-Class, ensuring that every feature appeals in both emotional and functional terms with its form, colour and material. The result is a harmonious whole - an atmosphere in which the car's occupants immediately feel safe and protected, and long journeys can be taken without any feeling of effort or stress. 

Blogger Ajay Jain to undertake Great Himalaya Drive from Kashmir to Arunachal

In the first sponsorship of its kind in the online travel space in the country, TripAdvisor and Yatra.com have partnered with noted travel blogger and photographer Ajay Jain for an ultimate driving challenge that covers the entire span of the Himalayas from Kashmir to Arunachal Pradesh. 

The journey will take place in two phases. The first leg, starting January 29, will commence from Nepal and end in Arunachal Pradesh and last 8-10 weeks. The second leg will start from Kashmir and end in Uttarakhand, ending where the first leg started. This will take place in May & June over 6-8 weeks. The drive is is being split into these two phases keeping weather conditions in mind.

Sharat Dhall, managing director, TripAdvisor India said, "TripAdvisor's vision is to help people around the world plan and have the perfect trip on any budget by providing them with unbiased reviews by real travelers. Driving across the full length of the Himalayas is a daunting task and we're proud to Sponsor Ajay in this endeavour. Ajay will use TripAdvisor hotel reviews in making his choices of stay along the road trip – a testimony to the India specific content of the site. Ajay will also share his hotel stay & travel experiences on TripAdvisor – making them available to millions of travelers across India and the world. We wish Ajay all the best and a safe trip!"  

Speaking on the occasion, Pratik Mazumder, marketing head, Yatra.com, said, "Yatra has always proven to be a travel/destination pioneer, therefore, we take pride in joining hands with Ajay for this thrilling expedition and wish him success for this long journey. This step reinforces our travel expertise and we keenly look forward to seeing Ajay after 120 days to know his diverse travel experience, which would be shared with our audiences to educate them on our successful association with this voyage."

Full Throttle:The Automobile Conclave organised by IIM Lucknow

The Annual International Business Conclave of IIM Lucknow organised ' Full Throttle: The Automobile Conclave'. The conclave discussed issues like in recent times global automobile conglomerates have crashed while the Indian sector has seen an opposing trend with acquisitions and innovations galore. The growth opportunities in this sector are seamless and every day presents a newer challenge to the industry with extremely dynamic requirements and demands. The theme of the conclave was 'Moving into top gear: getting India on the road ahead'.

Dr. Wilfried Aulbur, CEO Mercedes Benz India, D.P. Singh, VP S&M Goodyear India, Rajeev Kapoor, president and CEO Fiat India, Dilip Chenoy, director-general SIAM and Dilip Chhabria, founder, DC Design. These are the names which glittered at the conclave at IIM Lucknow. The sizeable audience gathered at the conclave was a mix of B-school students from across the globe, industry stalwarts, IIM Lucknow alumni among others. It was an enriching 2 hours of discussions which touched upon several relevant issues in the automobile industry in India. 

 "There is a right to drive/hire/rent a car in Europe. It would be great if we have such a concept in India", said Dr. Wilfried Aulbur. Dilip Chenoy shared his views on the correlation between the auto industry and global warming "Research in fuel efficiency is highly important. This is a step which the entire automobile industry has to take in unison"

The discussion provided an insight into the working dynamics and thriving factors of the Automobile industries. It provided a critical analysis of the current position of the sector and the various opportunities for expansion. The conclave was pivoted around the Indian scenario and aimed to investigate the governing equations of the in-context industry, and attempt at answering the question regarding potential sustainability.

 

Chevrolet Aveo RS debuts at 2010 Washington Auto Show

General Motors'the new Chevrolet Aveo RS makes its Washington, D.C. debut this week at the 2010 Washington Auto Show. It features a European-inspired hot hatch look designed to appeal to young enthusiasts, and hints at the next-generation Aveo. Longer, wider and more spacious than the current production Aveo, the Aveo RS showcases the car's upscale-looking design cues both inside and out, and presents the many personalization options potentially available on the next-generation car. Its 1.4L I-4 Ecotec turbo engine delivers exceptional fuel economy with performance when it's needed.

"We hope the Aveo RS show car will demonstrate that we are as serious about redefining the Aveo and its place in the small-car segment as we were about reinventing the Malibu," said Jim Campbell, Chevrolet general manager.

The Aveo RS show car, finished in electric Boracay Blue, wears global Chevrolet design cues such as the dual element grille, round taillamps and fender flares, but designers turned up the attitude on the show car with low openings and a lower mouth trimmed in a combination of brushed and polished aluminum. Outboard fog lamps are integrated into an exaggerated brake-cooling inlet that flows into the front fender flares, creating an aggressive-looking face.

Exposed headlamps, with their brushed aluminum structural surround, are inspired by the designers' affection for motorcycles. The sleek side profile is characterized by uninterrupted body side lines, a high beltline and low roofline. The side mirrors with amber-colored turn signal indicators carry the same shape as the car and seemingly disappear into the profile. At first glance, the car actually looks like a three-door hatch because the rear door handles are discreetly located in the "C"-pillar area.

"The Aveo RS show car demonstrates how progressive design can inject personality into a small car," said Michael Simcoe, executive director, North American Exterior Design. "We want customers to see it and have an emotional reaction to it."

The Aveo RS show car's wheels are 19-inch, five-spoke with a gun metal metallic finish Chevrolet logo. The wheel openings reveal large Boracay Blue brake calipers. The rear of the show car continues the sport theme, with an integrated spoiler that flows from the roof, a center-mounted exhaust and chrome exhaust tips. The exposed motorcycle-inspired rear taillamps feature tinted aluminum housings and a discreet Bowtie logo. With its matte black interior highlighted by gloss black, metallic and blue accents, the Aveo RS show car reflects as much attention to detail as the exterior. The Boracay Blue theme continues inside, with accent stitching across the dual cockpit instrument panel, front and rear door insert, steering wheel rim, gear shift boot, parking brake, leather seat bolster and even the floor mats. The integrated center stack holds the gearshift, HVAC controls and the sound system, including a USB port. Ice-blue backlighting on the audio display, telltale indicator screen and knobs augments the blue stitching.

The motorcycle inspiration also carries inside, with a round, analog tachometer set within an asymmetrical LCD readout also trimmed in milled metal with round cutouts; and round, aluminum-trimmed side vents. The interior is as functional as it is stylish, with storage compartments in the center stack and doors. The rear seats fold flat for carrying larger items.
The Aveo RS show car is powered by the same highly efficient 138-horsepower (103 kW) 1.4L I-4 Ecotec turbocharged engine that will be available in the upcoming Chevrolet Cruze. A six-speed manual transmission is designed to ensure the car will provide a spirited driving experience.

For the show car, designers created a special engine cover in graphite silver with a brushed aluminum insert. The coolant and power steering fluid fill caps are rimmed in ice blue, and the honeycomb vents flanking the center of the cover are matte-finished in shadow chrome and designed to match the wheel color.

Chevrolet has previously announced the new Aveo will be built at Orion Assembly in Orion Township, Mich., in 2011, a move that will restore 1,200 jobs to Southeast Michigan. Timing for retooling Orion Assembly for Aveo production is anticipated to begin in late 2010.   The Aveo is an important member of Chevrolet's family of small cars, positioned between the upcoming Cruze compact sedan and the Spark five-door mini car in size.

ICICI Lombard offers add-on covers for motor insurance policies

ICICI Lombard General Insurance Company Ltd., the country's largest private sector general insurance company has announced that it will now offer customers zero depreciation add-on and consumable items add –on, which is a unique add on covers for motor insurance. Customers through zero depreciation add ons can limit their liability towards depreciation in case of an accident claim which results in partial loss / damage to the insured vehicle.

Customers benefit from this add on as they do not have to bear any cost of depreciation, which otherwise gets reduced from the claim amount at the point of claim settlement. Customers can enjoy complete cashless service at the network garages, all that they have to do is to quote their policy details and they can get their vehicle repaired.

The consumable Items add on comes with unique coverage of consumable items like nut and bolt, screw, washer, grease, lubricant, clips, A/C gas, bearings, distilled water, engine oil, oil filter, fuel filter, brake oil and the likes which otherwise get reduced from the claim amount at the time of claim settlement.

According to Ajay Shah, head, Customer Service Motor, ICICI Lombard General Insurance Company Ltd., "Motor Insurance is the largest product category contributing almost more than 50 per cent of ICICI Lombard's gross retail premiums. ICICI Lombard has continued to provide best of offers to its customers in the motor Insurance space. Add on covers like Zero Depreciation and Consumable items are designed such that a customer paying full premium, gets a full claim too. In a regular scenario, in case of a claim, an insurance policy covers only part of the spare part expense and certain deductions are made by the company on the total parts cost admitted."

VW Polo sedan to follow hatchback launch this year

On the sidelines of inaugurating its new dealership outlet in Secunderabad, Volkswagen India has also informed that it is all set to launch the hatchback model of Polo in the first half of 2010, followed by its sedan version in the second half of this year. The Indian arm of the German carmaker has confirmed that the sedan would be based on Polo's platform and will be positioned in the C-segment.  Once launched it would be pitted against models like Hyundai Verna, Honda City, Toyota's upcoming Etios sedan, Maruti Suzuki Sx4, Ford Fiesta, etc. The company, however, didn't reveal the possible price range of the model. It is widely believed that the proposed C-segment sedan would be available in both petrol and diesel versions.

"Polo attracted huge numbers  at the recently-held auto show  in new Delhi. And, as the product portfolio expands, we hope to reach out to the mass audiencethrough new cars-Polo and the new sedan. We also hope that our volumes would swell through the launch of Polo," member of the board and director, Volkswagen Passenger Cars, Neeraj Garg, told reporters in Mumbai.  He also said, "This year the B-plus segment will be around 300,000 units in size. The entry of new players will further expand the market."  The Volkswagen Polo, would have both petrol and diesel versions," he said.  

It may be recalled that during late April, it has already begun the pre-series production of its mid- the new Polo at its Chakan plant in Pune, where currently Fabia is being rolled out. Volkswagen Polo will be available in both petrol and diesel models and will be rolled out at the 500-acre manufacturing unit at Chakan near Pune which has an annual capacity of 110,000 units. It will have 50 per cent localisation which will be enhanced further to 70-75 per cent in phases. However, the company refused to divulge the details of the localisation and the components to be sourced from Indian vendors.

Addressing a press conference in Secunderabad, Garg said, "The company sold over 3,039 cars in all during 2009, which includes 2004 Jettas, 600 Passats and other models. With the automotive sector projected to grow by about 17-20 per cent this year and the la This year, it is targeting more than 5,000 cars and is pinning hopes on Polo to ramp up the numbers, though Garg won't reveal the pricing strategy just yet.

When asked about the company's network expansion, Garg said, "Gearing up to the launch of our high volume model Polo, the company is in the process of further expanding its dealership and service network, which has already gone up from 14 to 40 by December 2009. This move will enable us to tap into Tier II and III cities across the country."

Harely Davidson India to try local assembly to bring down costs

Even as American heavyweight bikemaker, Harley Davidson, is on course to burn its rubber on Indian roads, it is at the same time looking at ways to bring down its costs simply because imported bikes attract 60 per cent import duty and with 30 per cent local taxes additionally makes the MRP of the product prohibitively expensive.

In its bid to find a solution, the American bike major is weighing options to assemble its bikes in India, as reported by Live Mint exclusively. However, the business daily claims that the proposal is still under consideration and it is hard to say what decision the firm will take, citing some unconfirmed sources. The first batch of motorcycles would however be brought in from its parent company’s plant and dispatched at its various dealers in the country to dealers starting April, would be imported as completely built up (CBU).

“With the present duty structure, more companies would look at assembling their cars and motorcycles in India. For Harley-Davidson this would achieve a twin objective. They’d be able to keep their US plants active and reduce prices for Indian consumers,” said Dilip Chenoy, director general of the Society of Indian Automobile Manufacturers.
It is widely believed that Harley would be looking to enhance its foothold in emerging markets like India, after witnessing a massive drop in its volumes in developed markets like Europe, US, etc.

Recently at the Auto Expo, Harley-Davidson India announced it will bring 12 motorcycles from its 2010 model portfolio to India. The broad selection, with bikes from each of its five model families, will give riders in India maximum choice and opportunity to join millions of Harley-Davidson owners worldwide in pursuit of adventure, freedom and self-expression. The 12 models Harley-Davidson launched for the Indian market earlier this month would retail for Rs. 6,95,000-34,95,000 as the firm would have to pay around 80% in import duties and other levies. “For over a century, Harley-Davidson has inspired motorcyclists across the world to celebrate their passion for riding. Our experience in leading the leisure motorcycle market worldwide makes us naturally suited to help lead and define leisure riding in India. We entered India with a promise to bring riders the pure Harley-Davidson experience with bikes from every family. Over the past year we have listened to riders across India at our many events, and we have produced a line-up to stir their soul,” said Anoop Prakash, managing director, Harley-Davidson India.

Mercedes-Benz India inaugurates its dealership in Surat

Mercedes-Benz India today formally inaugurated its new state-of-the-art luxury dealership – Benchmark Cars in Surat. This new dealership was inaugurated at the hands of Dr. Wilfried Aulbur, managing director and CEO, Mercedes-Benz India & Sanjay Thakker, chairman & Managing Director, Landmark Group. The event also witnessed unveiling of the two latest models from the Mercedes-stable: the E 250 and the E 250 CDI BlueEfficiency.

 

Spread over an area of 16,000 sq. ft., Benchmark Cars has a team of trained & dedicated personnel. Strategically located on Dumas Road, this showroom embodies all the brand attributes of Mercedes-Benz with facilities like a magnificent showroom, drive-in valet service, a luxurious customer lounge and well trained staff. The service centre is equipped with 3 mechanical bays with trained service personnel geared to ensure quick, efficient service delivery.

 

Commenting on the initiative, Dr. Wilfried Aulbur, CEO and managing director of Mercedes-Benz India mentioned: "Tier-II cities are rapidly emerging as the powerhouse of the new India and Surat is a shining example. The city has a good base of young entrepreneurs as well as professionals and establishment of Benchmark Cars- our dealership for Mercedes-Benz cars in Surat is a clear recognition of this potential."

 

Sanjay Thakker, also spoke about the new venture: "Surat and nearby markets represent a significant potential for us. Mercedes-Benz is an iconic brand and enjoys tremendous aspirational value. Our efforts will be to ensure customer delight and also to reach out to the existing and potential customers in a step-by-step manner."

 

Mercedes-Benz India has indicated an investment of Rs. 150 crore in network expansion and upgradation in 2009 – 2010 along with its network partners. The company has an extensive network with presence across 26 cities represented by more than 45 touch points across India with which is the largest as compared to any luxury player in India.

 

Recently, Dr. Aulbur had also dismissed reports that the company was losing out its numero uno status to BMW. Terming the competitor's lead a product cycle issue, he said: "We had only limited completely knocked down kits of the E-Class, which sold faster than we thought. We sold 686 kits and the demand was around 1,000 and we sold 1,600 cars of the C-Class," he said. Mercedes-Benz is intent on reclaiming the number one spot in the Indian luxury car market with sales in excess of 4,000 units this year.

TOI has reported that Mercedes Benz is internally targeting 40-50 per cent growth during this year against last year when sales had bottomed out due to the economic slowdown in the first quarter and non-availability of its E-Class vehicle in the next quarter.

Porsche Panamera awarded the Business Diamond Award

Porsche Panamera, which is also sold in the Indian market, continues to garner additional awards in the New Year: The sporty sedan was honored with the Business Diamond Award in the 'Automobile' category. 

 

At an award ceremony in Leipzig, Germany, Siegfried Bülow, chairman of the Board of Porsche Leipzig GmbH, accepted the Diamond award and said, "We are very pleased in winning the Business Diamond Award, and our fourth model has continued to strike such a positive chord."

 

The award is bestowed annually by the Busche Verlag [publishing house] and the conference and event agency Buchungsservice24. It pays tribute to continuous quality, unique service, customized concepts, and the courageous implementation of strategies in the following categories: hotel, airline, automobile, innovation, communication, and service provider. The jury is made up of members from the editorial board for conference hotels as well as of employees from the Buchungsservice24 agency.

 

On average, 20,000 Panamera models will be built annually throughout the entire product cycle. The fourth Porsche model will be manufactured at the Leipzig factory using the so-called model mix approach – it will be produced on one line along with Porsche's sporty SUV model, the Cayenne. The innovative and extremely lean production facility is considered a worldwide model of technology and efficiency in the automobile industry.

Toyota Kirloskar Motor signs MoU with State Bank of India

Toyota Kirloskar Motor Pvt. Ltd (TKM) has signed a MoU with the State Bank of India to provide auto retail financing to their prospective customers. The State Bank of India will be one of the preferred financiers for the entire range of vehicles marketed by Toyota Kirloskar Motor Private Limited (TKM) in India.

 

The agreement was signed by Mr. Sandeep Singh, DMD of Toyota Kirloskar Motor Private Limited (TKM), and  P. Nanda Kumaran, chief general manager, State Bank of India Personal Banking Business Unit in Mumbai in the presence of Anup Banerji, DMD & group executive (NBG) of SBI and  H. Nakagawa, managing director of TKM.  Among those present on the occasion were the officials of both SBI and Toyota Kirloskar Motor Private Limited (TKM).

 

The MOU aims at targeting high end customers who will be availing car loans from SBI above Rs. 5 lacs onwards. SBI has come out with a special scheme called SBI Advantage Car Loan Scheme for this niche segment. This scheme is applicable to individuals – Salaried, Professionals, Self employed, Businessmen and Proprietary /Partnership firms, who are income tax assesses and whose income/net profit or gross taxable income is Rs.2.50 lac and above. This scheme will be implemented in all RACPCs, all PBBs, all District Head Quarter Branches, Project area branches and Branches specially authorised by AGM (Region). Maximum loan amount will be 48 times of NMI or 4 times of NAI.

Narain Karthikeyan awarded Padma Shree award

'The Fastest Indian in The World', Narain Karthikeyan has been honoured by the Government of India by bestowing upon him the Padma Shree Award in recognition of his distinguished contribution in the sphere of sports. This is a great honour, not only for Narain himself, but also recognizes Indian Motorsport for the first time in history. Up to 2009, only 2,255 people have been granted this distinct honour.

 

Upon learning of his award, Narain said, "I am deeply honoured and humbled by the Government of India in receiving this award. It is truly a great day, not only in my life, but also in the life of Indian Motorsport. I have countless people to thank and credit for this achievement – first and foremost of which is my family, without whose unrelenting support, my career would not have taken the path it has. My sponsors, the Tata Group, Bharat Petroleum, JK Tyres and Amaron, who have supported me for so many years, as well as MRF Tyres, with whom I have recently entered into a partnership, have also been crucial to my success as a racing driver. I would like to take this opportunity to thank each and every person at all of these companies who have supported and believed in me for so many years. Last, but not least, I owe a huge debt of thanks to all of my fans, who have cheered me on through all of my successes. I dedicate this award to all of them."

 

Narain Karthikeyan, the first and the only Indian to have raced in Formula One, is ranked 126 in the Castrol Rankings for 2009. The rankings are motor sport's first-ever definitive system to determine the position of motor sports drivers internationally. Narain Karthikeyan has been rated as the top Indian racing driver in the world, ranking 126th out of 2,000 drivers in the overall world classifications, a massive 1,353 points, and 75 places ahead of his nearest Indian rival.   

 

Incidentally, MRF Tyres has appointed Narain Karthikeyan, India's first and only Formula One racing driver, as its 'Racing Brand Ambassador'. Karthikeyan, 35, supported by JK Tyre from his early racing days, said: "It is an honour for me to represent MRF Tyres and join their efforts to take motor racing to the next level in India."

 

Reacting to the announcement, Sanjay Sharma, Head of Motor Sport, JK Tyre, said: "Narain was our prodigy from the time he began racing. Now that he has opted to leave us, we only wish him well and are happy for him."

 

Ford Figo roll out by March 2010

 

 

Despite being absent from the high-decibel 2010 Auto Expo, Ford India is gearing up to introduce its first semi-compact car-Figo- by March this year. Based on the Fiesta's platform, Ford Figo will be built exclusively in India and exported to Asia-Pacific and Africa regions.

 

Ford Figo will be the made for India car and it will be launched in both petrol and diesel engine options which will be specially made by keeping in mind Indian road conditions and traffic. Based on the Fiesta platform, the car will be equipped with a 1.2L Rocam engine (known as Duratec to new buyers) or 1.4L diesel engine (Duratorq). Figo's 1.2L which is essentially a stripped down unit of Fiesta's duratec produces 70bhp of peak power at 6250rpm and a maximum torque of 104Nm at 4000rpm. Ford Figo 1.4L diesel engine pumps out 68bhp of peak power at 4000rpm and 160Nm of peak torque at 2000rpm.

 

The car will come in three variants – base, mid and high end (called platinum). The Titanium variant will have an optional pack (high plus). The 5-door hatchback car will come in seven colours: Diamond white, Panther Black, Moondust Silver, Chille, Sea Grey, Squeeze and Colorad Red. Although the price range of the model has yet not been announced by the company yet, there is a lot of buzz that the model would be available between Rs. 3.5-4.5 lakh (depending on the versions and the variants).

  

It may be recalled that the Ford Figo model was first unveiled in New Delhi in September this year. To facilitate the manufacturing of this model and also to double its manufacturing capacity to 2 lakh units the company is spending US$500 million on the Chennai plant.  A senior company official had earlier indicated that Ford Figo will feature an array of advanced third generation safety features like Dual Front Airbags that offers safety in case of front collision, ABS (Antilock Brake System) with EBD (Electronic Brake-Force Distribution) that enhance the stability of the car and provides more comfortable driving experience. Belt tensioners and Belt Force limiters, Seatbelt warning indicator, Door-ajar warning and many more safety features will be available with Ford Figo.

 

 

New livery unveiled for Mercedes GP Petronas F1 team at Stuttgart

On 25th January, 2009, the new Silver Arrows Formula One works team, Mercedes GP Petronas was presented at the Mercedes-Benz Museum in Stuttgart. Nico Rosberg and seven-time Formula One World Champion Michael Schumacher along with team management Ross Brawn, Nick Fry and Norbert Haug were introduced to guests with a presentation and press conference.

 

The new silver and green livery which has been especially created depicts a true marriage between the heritage of the Silver Arrows and the team's title partner Petronas. The legacy of the Silver Arrows goes back to the 1934 Eifel Race when, on the evening before the event, the white paint was sanded off the Mercedes W25 race car to fulfil weight regulations (750kg formula) and the silver colour of the aluminium surface of the car appeared. This season, with the return of the Silver Arrows, the MGP W01 will shine in silver combined with a flow of iridescent silver and green shading. On the nose and other parts of the car, traces of black carbon fibre visible are visible – a reminder of the first Silver Arrow of 1934.

 

The event opened with a welcome speech by Dr. Dieter Zetsche, CEO of Daimler AG and head of Mercedes-Benz Cars before Michael Schumacher and Nico Rosberg unveiled the new Silver Arrows livery for the 2010 season on last year's car. The team's 2010 car, the MGP W01, will make its track debut at the first Formula One test in Valencia on Monday 1 February; with the 2010 Formula One season starting in Bahrain on 14 March. 

 

Commenting on the occasion, Michael Schumacher said, "Finally the 2010 Formula One season is firing up! I have to say that I am totally committed to this new challenge. This season feels like a re-start for me and I am so motivated. We have a very exciting combination at Mercedes GP Petronas. We have a World Champion team in every sense of the word and I cannot wait to get into the car for the first time in Valencia. I am convinced that  the new team will be in a very good position to fight for the championships this season and I will definitely give it a go. Driving for Mercedes-Benz again is like the closing of a circle for me as I started my racing driver career with the three-pointed star on my helmet. This is another reason why I cannot wait for the competition to get underway."

 

Nico Roseberg said, "You can really feel the successful motorsport history of Mercedes-Benz here at the Museum in Stuttgart and to be part of the new Silver Arrows team and that racing heritage makes me feel extremely proud and motivated. Since joining the team in November, I have spent a lot of time at the factory in Brackley, at Mercedes-Benz High Performance Engines in Brixworth and here in Stuttgart, which has given me the opportunity to settle in and get to know everyone. I have seen how hard the team is working on the new car and I really can't wait for the opportunity to drive it for the first time in Valencia next week. I am looking forward to working with everyone at the new team and will give it my all to reward their fantastic efforts with good on-track results this season."

 

Ross Brawn, team principal, said, "It is a privilege to be here at the Mercedes-Benz Museum in Stuttgart today for the official presentation of the new Formula One Team. With your first look around the Museum, you realise the fantastic racing heritage of Mercedes-Benz and we hope to be able to contribute to those successes going forward. Our team have been working extremely hard throughout last year and over the winter on the development of the MGP W01 and everyone at the team is looking forward to the start of testing in Valencia next week. We have two excellent drivers in Nico and Michael, who will form one of the most exciting and one of the best partnerships on the grid, and with the support of Mercedes-Benz, Aabar, our new title partner PETRONAS and all of our team partners, everyone is looking forward to the 2010 Formula One season with anticipation."

 

Norbert Haug, VP, Mercedes-Benz Motorsport said, "With today's presentation of our new Formula One Team, a new and certainly the most important chapter of over 100 years of Mercedes-Benz motorsport history begins. The new Formula One season will offer challenges which will be bigger than ever before in over sixty years of the sport's history. We look forward to the cooperation with our drivers Nico Rosberg who has enormous capabilities and perspectives, and with seven-time World Champion Michael Schumacher who is no less motivated than at the time when he began his professional motor racing career with Mercedes-Benz and then made his first step into such a successful Formula One career with our support. Today I also cordially welcome our new title partner Petronas as well as our co-investor Aabar/IPIC together with all of our team partners. I warmly welcome all our colleagues from last year's World Championship team Brawn GP headed by Ross Brawn and Nick Fry to the Mercedes family. There are challenging tasks ahead of us and we will tackle them with power, consistency and full motivation."

 

Delphi targets doubling of revenues from India operations by 2015

On the sidelines of displaying its products at the 2010 Auto Expo, Delphi Automotive Systems has told reporters that it is aiming to post a twofold jump in its revenues from India by 2015, by which time the Asia-Pacific region is expected to account for 30 per cent of its global revenues. It is to be mentioned that Delphi supplies its numerous auto components like suspension, shafts, fuel pump motors, braking systems and other products to companies such as General Motors, Maruti Suzuki and Tata Motors. It has five plants in India with 65 distributors and around 4,000 dealerships.

"APAC (Asia-Pacific and China) is a key region for Delphi, representing many growth opportunities. With India and China contributing the lion's share, we expect revenues from the region to be around 30 per cent of our global turnover by 2015," Dominic Yuklam Seto, Managing Director, APAC, Delphi Product & Service Solutions (DPSS), was quoted as saying to The Hindubusinessline exclusively, adding," Verticals such as vehicle electronic systems, thermal products and chassis products have huge potential to grow as the market develops," he said. Delphi is also eyeing India as a major export base, especially with the joint venture with Roulands, which makes brake pads.

Recently, Delphi Product & Service Solutions (DPSS) announced the introduction of Compressed Natural Gas (CNG) Retrofit Kit to the Indian automotive aftermarket during the Automotive Expo in New Delhi. This new product is yet one more green innovation from Delphi that will help protect the environment, while fully answering the needs of today's marketplace.

"Delphi's long heritage of OE technology expertise allows us to bring innovative solutions to our aftermarket customers for real world issues such as the environment," said Dominic Seto, adding, "The launch of Compressed Natural Gas (CNG) Retrofit Kit will help to improve fuel economy and reduce emissions while offering a high-performance product to the Indian aftermarket."

Maruti Suzuki beats parent Suzuki in production figures during 2009

Maruti Suzuki is now renowned for creating one milestone after another. Of late, India's leading passenger carmaker has managed to overtake its Japanese parent company- Suzuki Motor Corporation- in overall production during 2009.  Last year, while Maruti Suzuki rolled out 966,399 units, its parent Suzuki Motor Corporation produced only 908,302 cars. Out of the total sales in 2009, Maruti Suzuki sold 836,893 units in the domestic market, with the remaining 130,688 units being exported in various nations, with A-Star accounting for a sizeable chunk of them. In the domestic market, its Alto ruled the sales charts with 2.4 lakh units, followed by the WagonR with sales of 1.4 lakh units during reporting period. Maruti Suzuki, which has more than 60 per cent share of the compact car market - the largest segment in India -, is seeing huge demand for some specific models. 

  

It was reported pretty recently that Maruti Suzuki has decided to expand capacity at its Manesar plant to 250,000 units per annum by 2012, for which it plans to invest Rs 1,700 crore. The country's largest carmaker, Maruti Suzuki, announced on Saturday that it would invest Rs 1,700 crore in a second line at its Manesar factory.  The company's second line at Manesar is expected to take the total capacity of the Manesar plant to 5.5 lakh units a year. The company's other plant at Gurgaon has an installed capacity of seven lakh units a year.

 

Speaking to a business daily, R. C. Bhargava, chairman of Maruti Suzuki, said the new line would mainly focus on compact cars, for which the demand is exceedingly high. He was quoted as saying,  "The new line would mainly manufacture compact cars such as the Swift and the Ritz and not sedans, for which you need different equipments and space. The investment on the plant is being internally funded."

 

The decision for capacity expansion has been taken by the company owing to the phenomenal huge growth posted by Indian car industry last year and the arrival of small cars by its competitors like Toyota, Honda, VW, Ford, Nissan, etc.

Jaguar GT racing car makes European debut

The new Jaguar RSR racing car makes its European debut this week at the 2010 Autosport International at the NEC in Birmingham, UK. It is the first and only chance for the public to see the stunning new XKR GT in the metal before it heads back to the US to compete in the entire 2010 American Le Mans Series (ALMS) in North America.

GT racing legend Paul Gentilozzi is taking a break from a gruelling development programme to feature the XKR in the largest dedicated trade motorsport exhibition in Europe. The racecar will be on display at the Jaguar stand alongside a production model XKR, XFR, and the fastest Jaguar ever – the Bonneville XFR prototype, which Paul drove to 225.675 mph on the Bonneville Salt Flats in 2008.

Jaguar asked the Michigan-based RSR team to help create a race car to compete in GT2 racing in 2010. The Jaguar engineering and design teams, based in Coventry, have jointly developed the car from a standard road-going XKR with the RSR team.

Paul Gentilozzi, principal Partner Jaguar RSR said: "Jaguar is so intertwined with British motoring history making this a fantastic opportunity to debut the Jaguar RSR XKR GT racecar internationally. Having our new GT racecar and the Bonneville prototype XFR on display at the biggest motorsport exhibition in Europe with the production cars that made these possible is such a great way to showcase our dedication to the Jaguar brand and to motorsports."

After taking centre stage at the car show, the Jaguar RSR XKR GT will visit "home" by making stops at Jaguar headquarter sites in Whitley and Castle Bromwich in the UK. "It will be incredibly exciting to take the Jaguar RSR XKR GT back to the team at Jaguar who worked so hard to make this dream a reality," added Gentilozzi. "A picture may be worth a thousand words, but seeing this car in person is priceless."

The competition car uses the standard Jaguar XKR lightweight aluminum monocoque together with additional steel reinforcements and safety structure developed by RSR. The 5.0-litre V-8 engine boasts 550 horsepower at 7000 rpm and a maximum speed of 180mph.

The Jaguar RSR XKR GT made its racing debut during the Petit Le Mans event at Road Atlanta in Braselton, Georgia, in September 2009. The car took its first green flag in the American Le Mans Series season finale at Mazda Raceway Laguna Seca in October and is set for a full-season championship effort in 2010.

Mike O'Driscoll, managing director of Jaguar Cars said: "Our designers and engineers have taken the best of our standard road-going XKR and with Paul Gentilozzi's motorsport expertise created a first-class competition car. Paul and his RSR team are confident that they can compete against some serious competition in the American Le Mans Series (ALMS).

"Motorsport has always been important to the Jaguar brand. Our domination of Le Mans in the 1950s was a foundation on which the company was developed. As we look to the future with our new range of high performance 'R' branded cars, we aim to make the Jaguar brand synonymous with motorsports once again."

In 1951, the C-type won Le Mans at its first attempt, with a further victory in 1953. The D-type took Le Mans wins in 1955, 1956 and 1957 while this racing success was followed in 1988 with the Jaguar XJR-9LM, a V12-powered Group C car. Another outright victory would follow in 1990 with the Jaguar XJR-12.

RSR principle partner Paul Gentilozzi will be in attendance at Autosport International. Aside from his role as team owner, Paul is one of the drivers for the #33 JaguarRSR XKR. Meanwhile, the RSR crew will stay busy with various projects despite the absence of the #33 car as they continue to prepare for the ALMS Winter Test February 22 – 23 at Sebring International Raceway in Sebring, Florida and Season Opener – the 12 Hours of Sebring, March 20.

Asia Motor Works targets Rs. 1,000 crore revenues for current fiscal

On the sidelines of launching its new range of trucks, Asia Motor Works has informed that it is looking to post a sales turnover of Rs. 1,000-crore by delivering 5,000 units by the end of the current fiscal. It was reported pretty recently that AMW had introduced its new 3118 haulage truck for heavy-duty, long distance applications in the Indian transport sector. The latest addition to AMW's product range was unveiled to a large gathering of customers, truck drivers and guests. The 3118 is ideally suited for transporting steel, oil, cement and is also intended for port applications and general market load. The 3118 fulfils the critical requirement of a high performance, robust vehicle suitable for on-road applications. It has been specially designed to offer the maximum cost-per-tonne performance combined with convenience, safety and comfort features that are the best in class in the industry.

Speaking at the launch eevent, Anirudh Bhuwalka, CEO and managing director, Asia Motor Works said, "At AMW we endeavor to provide best-in-class modern vehicles that symbolize product innovation, style, comfort and profitability to our customers. We believe that the 3118 haulage vehicle is a truly global product from our stable lending itself to numerous on-road applications thereby making it an ideal solution to the demanding transportation segment. Our Mobile Service Vans located every 200 km and a 2 hour call away, will be an added service differentiator to the on-road 3118. Backed by innovation and service, the 3118 will drive our product portfolio and ensure significant increase in our ever growing market share." He said the company was also providing air-conditioned, crash-proof cabins to the trucks for the safety and comfort of drivers. He added, "The company's share in the Indian market was only three per cent, but in the segments we are focusing on, our market share is 12 per cent."

In response to whether the underutilisation of the capacity at the Gujarat plant was not a matter of concern to the company, Bhuwalka said the full capacity of 50,000 vehicles a year had been created only six months ago and is rolling out products specially suited to Indian road conditions.

It is to be mentioned that AMW was founded in 2002 and has made a mark in niche segments of the medium and heavy commercial vehicle industry and its vehicles are manufactured at its sprawling 600-acre complex in Bhuj Gujarat. Its 4923 was declared 'Truck of the Year' by NDTV in January 2008. AMW's product portfolio includes its best seller, the 4923 Tractor - India's First vehicle in this segment, 4018 and 4023 tractors, 2523 Rock & Box body tippers, 2518 tipper, transit mixer and haulage vehicles. AMW has a network of over 40 dealers, 132 service stations and 450 authorized service centers across India