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Ford India, a fully owned subsidiary of US based Ford Motors is planning to bring its used car business named as 'Ford Assured' in India again. The Ford Assured was introduced in India by the company few years back but due to recession and lowering sales the company discontinued its used car business at that time. But now as the used car business is growing once again and many major car makers are planning to enter in this segment, Ford India is also interested in capitalizing the opportunity.
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Toyota Motor, world's largest car maker which is currently struggling to catch-up with one the biggest-ever vehicle recall, has slipped for the second consecutive year in a popular vehicle dependability study released on Thursday. The news came at a time when Japan based carmaker is already struggling with biggest ever safety recalls with call back of more then 8 million vehicles world wide.
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Mahindra & Mahindra, India's largest SUV maker is now planning to launch a new SUV in the country in the same segment as Mahindra Scorpio. It is expected that the model will be ready to launch by year 2011 in India. The model has been code named W201 and will possibly be manufactured at the platform of Mahindra Scorpio.
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BMW India is planning to expand its business in the country by enhancing its manufacturing capacity at its Chennai based plant. The company is aiming to sell more then 4,000 units in India in year 2010. Commenting on this targeted figure, Mr Peter Kronschnabl, BMW India President said that, "In 2010, we aim to achieve double digit growth. In absolute numbers we want to achieve sales of over 4,000 units".
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Skoda Auto, a subsidiary of German carmaker Volkswagen, is planning to launch an updated version of Skoda Fabia in the India market. It is expected that the updated version will be launched in India with some up gradation in interiors as well as in exteriors. Where the vertical lines on the body of the car will be changed to horizontal shape, the wheels are expected to be coming with alloy option. Besides this it is expected that the interior of the car will be changed significantly with some cosmetic and stylish up gradations.
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General Motors, the second largest car maker of the world (US based), has announced that it's going to launch much awaited Chevrolet Spark Electric in India by the end of this year. GM Motors' Marketing Director, Gaurav Gupta, said that company is set to launch its electric car E-Spark in India by the end of year 2010. "It will be an electric version of our small car Spark and will be the firstfour-door passenger car in the world in this segment," Mr Gupta Added.
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Nissan Micra, the global small car from Japan based car maker Nissan, is now all set to enter in Indian market as company has announced that it is going to launch this model in India by July, this year. The company is aiming to sell around 80,000 units of Nissan Micra by March 2011. Company is also planning to export the Nissan Micra model from India by the month of June this year.
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Mercedes-Benz India today launched the most premium SUV in Indian market- the New GL 350 CDI BlueEfficiency. Demonstrating excellent off-road capabilities and environmental compatibility, this seven-seater premium SUV offers excellent handling both on and off-road and pampers occupants with its extremely spacious accommodation and a host of luxury fitments.
Speaking on the occasion, Dr. Wilfried Aulbur, Managing Director and CEO, Mercedes-Benz India said “The GL-Class is clearly head-and-shoulders above competition and sets benchmarks in areas of luxury, safety and performance. It is built for ensuring extraordinary performance both on and off the road. In its segment the GL-Class is largest SUV and the only one that offers full size third row seats with independent with AC vents.
Skoda Auto is delighted to continue its kindred partnership with Lakme Fashion Week Summer/Resort 2010. The two being trendsetters in luxurious and stylish design for the lifestyle domain.
Skoda products perfectly unite style and functionality to meet the lifestyle needs of discerning Indian drivers. At the same time, SkodaAuto unique offerings like Boutique Showrooms provide customers with superior services and quality product.
Germnany based car maker BMW has announced that it is going to start its used car business in India by the starting of next fiscal year. The used car business of the company will be named as 'BMW Premium Selection' and company is expecting that the used car business will contribute by more than 30 percent to its business in India in coming years.
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Toyota Kirloskar Motor, a subsidiary of Japan based Toyota Motors today organized a Toyota Safety Education Programme (TSEP) at the Delhi Police Public School, Safdar Jung Enclave, New Delhi. The TSEP is basically a programme to educate young students on road safety. The programme has been specially designed for the school children of age group of 6-12 years.
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Mahindra-Renault currently sell the only JV vehicle, Mahindra Renault Logan in India, which is struggling to make its mark in India with lowering sales in the country. The company managed to sell only 4,981 units in the first 10 months of this fiscal, accounted for a dip of 60.03 per cent as compared to the same period of last year.
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Fiat, an Italian car manufacturer is all set to roll out 60,000 cars from its Ranjangoan plant located near Pune by the end of March 2011. During 2009-2010 company's production was 70,000 cars per year, but the global slowdown in 2009 affected its entire potential export to the Indian market with the decreasing sales.
Fiat's President and CEO Mr Rajeev Kapoor said that company is planning to introduce a small car with a price tag less then 4 lakh. Fiat is expecting that the model will pave a way for other products of the company in the country.
Renault-Nissan Joint venture is expected to enter in a tie-up with major commercial vehicle manufacturer of India, Ashok Leyland (ALL).
The tie-up will help Nissan-Renault JV to manufacture a new passenger car in the country. The project of this new passenger car is expected to be poised between company's ultra-low-cost car project (ULC) with Bajaj and recently announced ‘Micra’ car.
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