Saturday, September 20th, 2008
Car industry in India faces new challenges as Rupees continues to weaken against dollar. Several car manufacturers import their cars in India as Completely Built Units or CBUs. All the imported cars continue to get more expensive against the depreciating Rupee value.
Major luxury car makers are few of the prime car makers that are forced to absorb losses due to depreciating Rupee. Mercedes, BMW , Honda , Nissan, Volvo , Porsche need to revise their car prices in order to balance their books.
“No decision has been taken yet to increase prices at the moment but we are watching the situation closely and will take a call later,” says Neeraj Garg, Director, Sales and Marketing, Nissan Motor India.
Prices would be revised with an upward margin which has become necessary especially luxury car makers who import their cars due to absence to manufacturing or assembly plants in India.
“We are aware of the volatility in exchange rates and are trying to cushion the impact on customers. We have a buffer demand available and is enough to last for some time. The question will be how long we will be able to continue to take hit on margins,” said a Daimler spokesperson.
[Via: cartradeindia]
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Saturday, September 20th, 2008
Car industry in India faces new challenges as Rupees continues to weaken against dollar. Several car manufacturers import their cars in India as Completely Built Units or CBUs. All the imported cars continue to get more expensive against the depreciating Rupee value.
Major luxury car makers are few of the prime car makers that are forced to absorb losses due to depreciating Rupee. Mercedes, BMW , Honda , Nissan, Volvo , Porsche need to revise their car prices in order to balance their books.
“No decision has been taken yet to increase prices at the moment but we are watching the situation closely and will take a call later,” says Neeraj Garg, Director, Sales and Marketing, Nissan Motor India.
Prices would be revised with an upward margin which has become necessary especially luxury car makers who import their cars due to absence to manufacturing or assembly plants in India.
“We are aware of the volatility in exchange rates and are trying to cushion the impact on customers. We have a buffer demand available and is enough to last for some time. The question will be how long we will be able to continue to take hit on margins,” said a Daimler spokesperson.
[Via: cartradeindia]
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Thursday, July 24th, 2008
Ferrari and Lamborghini have tried to push exotic-branded tech with limited success, and now the latest offering from Bentley and Ego Lifestyle takes a bolder step towards brand-whoring. The new Bentley laptop attempts to class up the notebook computer business with rich leather and hand-sewn cross stitching that comes directly from the storied brand’s seats.
Further connection between notebook and luxury vehicle comes from the use of a Bentley door handle that has been converted for computer carrying duty, and the laptop is supposedly “hand-built” just like the cars. Besides looking like a cross between a Coach hand bag and a George Foreman Grille, it also has sub-standard hardware specs as well. Oh, and it’ll cost you a cool £10,000 to live the life of a poseur, too.
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