Auto Sector

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.

Toyota looks to enhance operations in India's North East

Toyota looks to enhance operations in India's North EastGuwahati - Japanese car giant Toyota plans to increase operations in India's North Eastern region, where its sales have grown at double the national average of 3 percent annually.

The company, which is present in India through a joint venture with Kirloskar group, is looking to set up an area office in the North East considering its rising importance.

Maruti to roll out LCV project on a limited scale

maruti suzukiNew Delhi: Country's largest car maker Maruti Suzuki India plans to roll out its light commercial vehicles (LCV) project on a limited scale, a top company executive said on Friday.

"We will begin the LCV project on a very limited scale and take the initiative forward by understanding the marketing and sales experience. We will slowly roll out it as we do not want to rush into it. The commercial vehicle sector is a new sector for us," Maruti Suzuki India (MSI) Chairman R C Bhargava said on the sidelines of SIAM Annual Convention.

Audi Q3 Dynamic launched in India at Rs 38.40 lakh

Audi Q3 DynamicNew Delhi: German luxury car maker Audi on Thursday launched Audi Q3 Dynamic with Audi drive select in the Indian market priced at Rs 38,40,000 (ex-showroom Mumbai).

The Audi Q3 is the largest selling luxury SUV in India and this new addition will further strengthen the brand's dominance in the luxury SUV segment, the company said in a statement.

Domestic car sales up 15.16%, bikes 14.45% in Aug

domestic car salesNew Delhi: Domestic passenger car sales grew by 15.16 percent to 1,53,758 units in August this year as compared to 1,33,513 units in the same month of 2013.

According to the data released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales during the month grew by 14.45 percent to 9,10,312 units as against 7,95,411 units in August last year.

Total two-wheeler sales in August 2014 grew by 19.22 percent to 13,45,506 units from 11,28,631 units in the same period of the previous year.

Total sales of commercial vehicles were down by 5.59 percent to 48,473 units from 51,344 units in the year-ago period, SIAM said.

Hyundai launches SportZ Edition of Grand i10

Hyundai-Grand-i10-SportzNew Delhi: Hyundai Motor India Ltd on Wednesday launched 'SportZ Edition'of its compact car Grand i10 to celebrate its first anniversary.

The Grand SportZ variant would available in two variants -- U2 1.1 litre CRDi diesel engine and 1.2 litre Kappa petrol engine.

Launched in September 2013, Grand i10 has been sold to over 1.1 lakh customers, Hyundai Motor India Ltd (HMIL) said in a statement.

Grand SportZ Petrol is priced at Rs 5.11 lakh (ex-showroom Delhi) and Grand SportZ Edition Diesel Rs 5.98 lakh (ex-showroom Delhi).

Maruti Suzuki India to open bookings for Ciaz from tomorrow

Maruti Suzuki CiazNew Delhi: Seeking to make a mark in the big car segment, the country's largest car maker Maruti Suzuki India will open bookings of its upcoming mid-sized sedan Ciaz from tomorrow.

Ciaz will be available in petrol and Diesel fuel options powered by a 1.4 litre and 1.3 litre engines respectively.

"The global launch of Ciaz is planned during the forthcoming festival season," the company said in a statement.

Ciaz' main competitors will be Honda City, priced between Rs 7.19 lakh and Rs 11.05 lakh, and Hyundai Verna tagged between Rs 7.39 lakh and Rs 11.72 lakh (ex showroom Delhi).

Maruti's August sales rise 27% to 1,10,776 units

Maruti sales riseNew Delhi: The country's largest car-maker Maruti Suzuki India on Monday reported 26.9 percent increase in its total sales in August at 1,10,776 units as against 87,323 units in the same month of previous year.

Domestic sales during the month stood at 98,304 units, up 29.3 percent from 76,018 units in August of previous year, Maruti Suzuki India (MSI) said in a statement.

Sales of mini passenger cars, including Alto, A-Star and WagonR were up 8.3 percent at 34,686 units as against 32,019 units in the previous year.

Mahindra to invest Rs 4,000 crore on Chakan plant expansion

Mahindra & MahindraMumbai : Auto major Mahindra & Mahindra, will invest Rs 4,000 crore over a 7-year period to expand its existing facility at Chakan in Maharashtra.

The company, which had earlier put on hold the expansion at the plant and considered other options citing lack of support from the Maharashtra government, said the fresh infusion would take its total investment in Chakan to Rs 8,000 crore.

"A total of Rs 4,000 crore will be utilised towards infrastructure development, product development and capacity expansion for vehicles to be rolled out from the Chakan plant," Mahindra & Mahindra said in a statement.

New BMW X3 debuts in India

New BMW X3 debuts in IndiaNoida (Uttar Pradesh), Aug 28 : A paragon of sporty dynamics, premium ambience and robust agility, the new BMW X3 was launched today at Deutsche Motoren, the BMW dealership in Noida.

The new BMW X3 is locally produced at the BMW Plant Chennai in a diesel variant and is now available at BMW dealerships across India.

Now, 'safely' send messages while driving with Nissan's messaging assistant

Nissan-AppWashington, Aug 28 : Nissan has added a new feature to its upcoming cars that would allow users to send text messages while driving, without taking their eyes off the road.

The hands-free text messaging assistant is part of NissanConnect, which is free for three years and then costs about 20 dollars per year.

Users can reply to people via canned responses, or add their own custom messages. Users can also set a default reply for everyone who sends them any message.

Will need 25 models to sell 3 mn cars per year: Maruti

MarutiNew Delhi: Car marker leader Maruti Suzuki India is looking at nearly doubling the number of models to 25, including entry into SUV and LCV segments, as it aims a target to sell 3 million cars annually.

The company will launch within a few months an SUV to compete with Renault's Duster, which will be followed by a compact SUV in 2016 to take on segment leader Ford EcoSport, as part of a strategy to be present in newer segments of the passenger vehicle market.

Maruti Suzuki India (MSI), which is gearing up to launch a light commercial vehicle (LCV), is also in the process of setting up a separate network for its new foray.

Bajaj Auto hopes for better days from September

Bajaj AutoKolkata : Bajaj Auto is bullish on its two new 150cc bikes and is aiming to regain lost ground in the second half of the FY15.

"From September onwards, we hope to come to a zero deficit situation compared to last year's monthly numbers," Bajaj Auto President (Motorcycle) Eric Vas said here.

"We are in deficit by about one lakh units in sales till now (April-August 14) this year. We can add about 35,000 units a month even if the mid-segment (above Rs 50,000) of the industry grows from 17 to 20 percent of the total motorcycle market," he said.

India's scooter major Bajaj to make motorcycles at Bangladesh plant

Bajaj AutoDhaka, Aug 23 - India's popular scooter and motorcycle major, Bajaj, will manufacture motorcycles at a plant in Bangladesh from June 2015.

According to the Daily Star, the Uttara Group, Bajaj Auto's local assembler, is set to build a Taka 150 crore plant, which will be operated and technically supported by Bajaj.

It is being reported that the motorcycle factory will be built on ten acres of land in the Zirani Bazar area of Gazipur District.

Expect minority shareholder voting on Guj plant in Oct: Maruti

MarutiThe country's largest carmaker Maruti Suzuki India expects voting by minority shareholders to happen sometime in October for approval of its plans to let parent Suzuki Motor Corp own a proposed new plant in Gujarat.

"We haven't yet fixed a date. It could be in October probably but not certain yet," Maruti Suzuki India (MSI) Chairman R C Bhargava told reporters here.

Speaking on the sidelines of a lecture in memory of the company's executive Awanish Dev, who was killed in worker violence at the company's plant in Manesar in 2012, Bhargava said MSI's move on the Gujarat plant would be beneficial to its shareholders.

Mahindra Reva launches e20 premium variant priced Rs 5.72 lakh

mahindra-reva-e20New Delhi: Mahindra Reva Electric Vehicles, a part of the Mahindra Group, on Thursday launched a premium variant of its electric small car e2o priced at Rs 5.72 lakh (on road Delhi) with a monthly energy fee of Rs 2,999 for five years.

The premium e2o has an extended range of 120 km and electric power steering.

"Convenience of city driving has always been a priority for Mahindra Reva. The e2o is automatic with the smallest turning radius, along with features like the hill-hold, which prevent it from rolling back while on an incline," Mahindra Reva Electric Vehicles CEO Chetan Maini said in a statement.

Hyundai gearing up to enter compact SUV segment from next year

Hyundai gearing up to enter compact SUV segment from next yearJodhpur - With an eye on increasing market share in India, Korean auto major Hyundai is gearing up to enter the compact SUV and multi-purpose vehicle segments from next year.

Buoyed by strong response to its newly launched hatchback Elite i20 and success of compact sedan Xcent, the company's Indian arm Hyundai Motor India Ltd (HMIL) is also looking forward to a strong festive season sales.



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