Auto Sector

Takata defends actions over faulty airbags

Washington - A senior Takata executive defended the embattled Japanese auto parts firm's actions today before a US Senate panel investigating an airbag fault tied to several deaths and hundreds of injuries.

Hiroshi Shimizu, Takata's senior vice president for global quality assurance, said his company took responsibility for three US deaths related to what he labelled "anomalies" in its airbags.

But he did not expand that acceptance of responsibility to a broader series of airbags installed for a decade in millions of cars from 10 major manufacturers.

BMW rolls out Mini 5-door at Rs 35.2 L, new 3-door at Rs 31.8 L

Mumbai - To meet the rising demand for its iconic brand Mini, German luxury carmaker BMW Group Wednesday launched its British premium luxury small car in the 3-door and 5-door variants with petrol and diesel options.

For the five-door Mini Cooper D this is a debut in the country as the company has already been selling the first generation 3-door model since 2012 in the country. BMW Group India president Philipp von Sahr said the company has already sold close to 1,000 units of Mini in the country.

The new Mini will be rivalling the likes of Mercedes A-Class, BMW 1-Series, Volvo V40 Cross Country as well as the upcoming Abarth 500. It comes in as many as 11 colours.

Hero MotoCorp to enter European markets next year

Hero MotoCorpNew Delhi : Country's largest two-wheeler maker Hero MotoCorp aims to enter European markets, including Italy, Spain and France, by end of next year, with the launch of its hybrid-scooter 'Leap' in these countries.

In the first phase of its foray into Europe, the company plans to launch its products in Italy, Spain and France followed by the UK and Germany in the next phase of expansion, Hero MotoCorp Ltd (HMCL) said in a statement.

To begin with, the company will launch its first serial-hybrid scooter 'Leap' in these markets, and subsequently bring more models including scooters and motorcycles, it added.

Maruti, Nissan meet safety norms; NCAP 'scaremongering': SIAM

Maruti Suzuki and NissanNew Delhi: Stating that car makers in India meet the country's safety norms, auto industry body SIAM on Tuesday defended Maruti Suzuki and Nissan, which had failed crash tests conducted by Global NCAP on their Swift and Datsun GO models, respectively.

Lashing out at Global NCAP, an umbrella body of consumer car safety testing bodies, for "scaremongering", SIAM Director General Vishnu Mathur said: "Every country has its own safety requirements. Our cars are meeting safety norms set by the government."

Maruti launches new variant of Alto with automatic transmission

maruti alto k10 automatic gearNew Delhi, Nov 3 : Maruti Suzuki on Monday unveiled a new version of its entry-level model Alto with automatic gear shift technology, a feature usually reserved for pricier cars in the market.

Cars with automatic transmission have the potential to be popular in a India due to poor condition of roads and traffic snarl-ups. Priced at Rs. 380,187, Alto K10 is the cheapest car with automatic gear shift.

Managing Director and Chief Executive Officer (CEO) of Maruti Suzuki India (MSI), Kenichi Ayukawa, said Alto K10 is the company's bestselling brand in Indian markets.

Maruti Suzuki to launch new Alto K10 today

maruti suzuki altoNew Delhi: With an eye on reviving growth in its bread and butter mini car segment, the country's largest car maker Maruti Suzuki India will launch a new version of its Alto K10 on Monday.

After the Celerio, the Alto K10 will be the second model to be equipped with auto gear shift (AGS) feature.

While the petrol version delivers a mileage of 24.07 km per litre, the CNG variant will have a fuel economy of 32.26 km per kg.

It will have six different variants and the AGS option will be available only with the top end.

Royal Enfield sales up 47% in October

New Delhi - Two-wheeler maker Royal Enfield on Saturday reported 47.45 per cent increase in its total sales in October at 26,039 units as against 17,659 units in the same month last year.

Domestic sales also increased by 47.4 per cent at 25,510 units last month as against 17,306 units in October 2013, the company said in a statement.

Exports during the month stood at 529 units as against 353 units last year, up 49.85 per cent. (PTI)

Maruti Oct sales dip 1.1% to 1,03,973 units

New Delhi - Country's largest car-maker Maruti Suzuki India (MSI) on Saturday reported a 1.1 per cent decline in total sales in October at 1,03,973 units as against 1,05,087 units in the same month last year.

The company said its domestic sales rose by 1 per cent during the month to 97,069 units as against 96,062 units in October, 2013.

Sales of mini segment cars, including M800, Alto, A-Star and WagonR, declined by 9.2 per cent to 35,753 units compared to 39,379 units in the year-ago month, MSI said in a statement.

Maruti Suzuki India Limited says car sales growth will be slow

Maruti SuzukiNew Delhi/Gurgaon, Oct. 31 - India's biggest carmaker Maruti Suzuki India Limited said on Thursday the growth in car sales will be slow in the second half of the year, dampening expectations of a rapid recovery in the country's automotive market .

Maruti, which sells almost one in every two cars in the country, beat analyst estimates with a near 29 per cent rise in its quarterly net profit on Thursday, thanks to a 15 percent jump in car sales during the six months to September 30.

Maruti's chairman, R.C. Bhargava, said sales momentum was now slowing, and growth over the 2014-2015 financial year would average out at about 10 percent.

Toyota ranked as 'most reliable' brand 8th time in a row!

ToyotaWashington, Oct 28 : Toyota has led the Consumer Reports' annual reliability rankings consecutively for the 8th time.

According to the survey, the company's Toyota and Lexus brands top the ranking, while its Scion brand is in the top ten, Fox News reported.

Jake Fisher, Consumer Reports' head of auto testing said that Toyota has a strategy that emphasizes reliability over excitement, as they take a conservative approach to redesign and roll out new features slowly.

Fisher added that the risk is they may not have the latest bells and whistles, but the reward is world class reliability. (ANI)

Nissan to recall 9,000 units of Micra, Sunny models in India

New Delhi - Japanese auto major Nissan is recalling 9,000 units of its compact car Micra and mid-sized sedan Sunny in India to replace defective airbags as part of a global recall.

The recall will cover cars manufactured between 2008 to 2012 that use safety airbags made by its supplier Takata.

"Nissan plans to begin notifying customers soon. Nissan dealers will replace the driver airbag inflator with a correctly manufactured part at no cost to the customers for parts or labour," a Nissan India spokesperson said.

The global recall of 2,60,000 units by the Japanese auto major affects models, including Note, March/Micra, Sunny/Almera/Versa, Patrol and Cube.

Hero MotoCorp launches two bikes priced up to Rs 51,550

New Delhi - Country's leading two-wheeler maker Hero MotoCorp on Wednesday launched two new products in the market to cash-in on the festive season.

The company launched 100 cc Splendor Pro Classic, which has a cafe racer styling, priced at Rs 48,650 (ex-showroom Delhi) and another 100 cc on-road-off-road bike Passion Pro TR at Rs 51,550 (ex-showroom Delhi).

Commenting on the launches, the company said: "Having kicked-off the festive season with record 6-lakh plus sales in September, Hero MotoCorp has lined-up a slew of new products, including refreshes and variants in the festive season."

M&M makes bid to acquire 51% stake in Peugeot Motocycles

Mahindra MahindraNew Delhi: Homegrown auto major Mahindra & Mahindra on Tuesday said its two-wheeler arm has made an offer to acquire 51 percent stake in Peugeot Motocycles, part of the 54 billion euro PSA Group based in France.

In a statement, M&M said under the "binding offer" made by Mahindra Two Wheelers Ltd (MTWL), there would be an "infusion of 15 million euro into Peugeot Motocycles (PMTC) to finance projects implemented through strategic partnership, and further sale of shares by PSA, which would allow MTWL to take 51 percent stake in PMTC."

Maruti Suzuki launches Ciaz at Rs 6.99 lakh onwards

Gurgaon - Country's largest carmaker Maruti Suzuki India (MSI) on Monday launched mid-sized sedan Ciaz with an introductory price starting at Rs 6.99 lakh (ex-showroom Delhi).

The petrol variants of the sedan are priced between Rs 6.99 lakh and Rs 9.34 lakh while the diesel variants are priced between Rs 8.04 lakh and Rs 9.8 lakh, respectively (ex-showroom Delhi).

"Millions of Indians have enjoyed Maruti cars for years. These customers are looking to upgrade to mid-sized sedans. Ciaz is for them, " MSI Managing Director and CEO Kenichi Ayukawa told reporters here.

He added that the company has been able to achieve localisation content of 98 percent for the car.

Renault to enter used car biz in India; 2 new models next year

Renault to enter used car biz in India; 2 new models next yearParis: French auto major Renault plans to enter new verticals, including used car business in India next year, besides launching two new models, to make its presence felt in the market which it sees as "the biggest challenge".

The company, which is targeting a market share of over 5 per cent in India, is also leveraging on its 4,500 strong R&D Centre in Chennai to come up with products which are "right for the country".

Maruti Suzuki India September sales up 4.6% at 1,09,742 units

Maruti-SuzukiNew Delhi - The country's largest carmaker Maruti Suzuki India today reported 4.6 percent increase in its total sales in September 2014 at 1,09,742 units as against 1,04,964 units in the same month previous year.

Domestic sales during the month stood at 99,290 units, up 9.8 percent from 90,399 units in September previous year, Maruti Suzuki India (MSI) said in a statement.

Sales of mini passenger cars, including Alto, A-Star and WagonR were down 13.4 percent at 35,547 units as against 41,061 units in the same month previous year.

India has potential to become world's biggest car maker: Maruti

Maruit SuzukiNew Delhi: Stating India has the potential to become the biggest car manufacturer of the world, country's top car maker Maruti Suzuki on Thursday hoped factors adversely affecting competitiveness of manufacturing will be removed quickly, in line with Prime Minister Narendra Modi's call to make India a manufacturing hub.

"Costs of production in India increase because of various government policies, procedures, regulations and the way some of the laws are implemented," said Kenichi Ayukawa, Managing Director and CEO, Maruti Suzuki India Ltd, at the 'Make in India' campaign.

General Motors launches new SAIL compact, SAIL sedan

General-Motors-SAILNew Delhi - General Motors India today launched the new Chevrolet SAIL hatchback and sedan priced between Rs 4.41 lakh and Rs 7.64 lakh (ex-showroom Delhi).

The new SAIL hatchback is priced between Rs 4.41 and Rs 6.81 lakh and the SAIL sedan is priced between Rs 5.19 and Rs 7.64 lakh (ex-showroom, New Delhi), the company said in a statement.

Both the models are available in diesel and petrol options. The diesel option is powered by a 1.3 litre engine, while the petrol has a 1.2 litre engine.

Maruti Suzuki marketing and sales head Mayank Pareek resigns

Mayank PareekNew Delhi: Maruti Suzuki India's marketing and sales head Mayank Pareek has quit the company after nearly 20 years of service at the country's largest carmaker.

While Pareek, who is designated Chief Operating Officer (marketing and sales), could not be reached for comments, however, according to people familiar with the development, he has put in papers to pursue 'better opportunities'.

The company spokesperson declined to comment.

It is speculated that he may join homegrown auto major Tata Motors, which has been seeking a revival in fortunes in the passenger cars segment.

Ford India launches refreshed Figo priced up to Rs 6.09 lakh

Ford FigoNew Delhi - Ford India on Monday launched a refreshed version of its compact car Ford Figo priced up to Rs Rs 6.09 lakh (ex-showroom Delhi) ahead of the upcoming festival season.

The refreshed Ford Figo will be available at Rs 3.87 lakh to Rs 5.14 lakh for petrol variant and Rs 4.83 lakh to Rs 6.09 lakh (ex-Showroom Delhi) for the diesel option, the company said in a statement.

"With the refreshed look, we are adding even more style to the Figo, which is highly regarded as a reliable vehicle with an outstanding value-for-money proposition," Ford India Executive Director (Marketing, Sales and Service) Vinay Piparsania said.



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