Wednesday, January 27, 2010
Harely Davidson India to try local assembly to bring down costs
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
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
Toyota Kirloskar Motor signs MoU with State Bank of India
Narain Karthikeyan awarded Padma Shree award
Ford Figo roll out by March 2010
New livery unveiled for Mercedes GP Petronas F1 team at Stuttgart
Delphi targets doubling of revenues from India operations by 2015
"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."