Tuesday, November 18th, 2008
Prada, one of the worlds leading brands in the luxury goods industry, has signed an agreement with Hyundai to create a special edition Genesis Sedan. Over a four month period of time, three “Prada” Genesis luxury sedans will be built and they will combine the best industrial design with quality materials, craftsmanship and an innovative new approach aimed at creating a new driving experience.
One of the cars will make its appearance at the Busan Motor Show in April next year and later displayed at Hyundais South-Korean headquarters in Seoul. Other two special edition Genesis sedans will be auctioned at the Prada Transformer, a unique, temporary building that will accommodate a range of different art, cinema, culture and fashion events from March to July 2009. The proceeds will be donated to a charity under the joint Hyundai Motor Company - Prada Transformer name.
[Via: hyundaiblog]
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Tuesday, November 11th, 2008
Mercedes-Benz ML63 AMG Photos….
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Monday, October 20th, 2008
Nissan Motor India Pvt. Ltd. has signed an MoU with Ennore Port Ltd. - Tamil Nadu, and will soon start exporting its vehicles through the Ennore Port. Nissan Motor India will, in fact, be the first carmaker to use this port as an export base for its cars.
‘Ennore Port meets all of Nissan’s requirements to export vehicles. We are looking forward to a cooperative and successful working relationship with EPL to achieve the highest level of on-time delivery at competitive costs,’ says Shouhei Kimura, MD, NMIPL.
Nissan Motor India which will get priority for using the marine facilities being developed at Ennore Port, will start exporting its cars to Europe and elsewhere by mid-2010. The company will export about 110,000 units in 2010-11, with that number going up to 180,000 units within two years.
[via: indiaautomotive]
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Wednesday, October 15th, 2008
Tractors and Farm Equipment Ltd., is planning to invest up to US$20 million in Turkey, for setting up its first overseas greenfield facility, in the Manisa industrial zone in that country. The facility will have an initial capacity of producing 15,000 tractors (in the in the sub-100HP range) per annum. Turkey is said to be a key market for TAFE, and nearly 2,000 TAFE tractors are already in operation in that country.
TAFE’s new plant, which is expected to be operational by March next year, will contribute an estimated Rs 450 crore a year to TAFE’s topline. With its world-class infrastructure, the Manisa industrial zone will allow TAFE to leverage the local supplier base and easily accessible raw materials.
TAFE is India’s second-largest tractor manufacturer, with an annual production of nearly 80,000 tractors, which are sold under the TAFE and Massey Ferguson brands. The Chennai-based company was established in 1961 and during 2007-08, its gross turnover stood at Rs 3,488 crore.
[Via: indiaautomotive]
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Thursday, October 2nd, 2008
TAG Heuer has launched the limited edition TAG Heuer Grand Carrera to celebrate the first ever Singapore Grand Prix. This limited edition TAG Heuer timepiece was autographed by defending champion Kimi Raikkonen, TAG Heuer’s brand ambassador at Singapore.
This night race watch has been developed especially for Singapore and is only available in a limited edition all-black bezel, dial and indexes to represent the night race. Each timepiece is presented with a limited edition book “Snakes and Devils” and will be exclusively available at TAG Heuer boutiques and Grand Carrera authorized retailers in Singapore.
Only 150 limited edition TAG Heuer Grand Carrera watches will be made with only 149 remaining as the first one was autographed by World Champion Kimi Raikkonen and was auctioned at the MILK (Mainly I Love Kids) Charity Gala at Shangri-La Hotel for S$40,000 or about US$ 28,000.
Singapore is one of the key important markets for TAG Heuer where the sale per capita is one of the highest in the world. Since TAG Heuer has a long and rich history with motor racing and F1, the limited edition TAG Heuer Grand Carrera is a great tribute to F1’s first ever night race.
[Via: motorbeam]
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Saturday, September 27th, 2008
Pune-based two-wheeler manufacturer Kinetic Motor has announced that it will invest up to Rs 30 crore in Mahindra Two Wheelers Pvt. Ltd., to buy 2.95 crore equity shares of the latter. Kinetic took this decision during its extraordinary general meeting held yesterday.
Kinetic’s EGM also approved an increase in its authorized share capital from the current Rs 88.56 crore to Rs 93.56 crore, by creation of new five lakh redeemable cumulative preference shares of Rs 100 each.
[Via: Indiaautomotive]
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Tuesday, September 2nd, 2008
Hyundai Motor India Ltd. (HMIL) has reported a cumulative sales growth of 57.5 percent for the month of August 2008. HMIL’s total sales for the month of August 2008 stood at 44,710 units, of which the domestic market accounted for 21,610 units, and exports amounted to 23,100 units.
The cumulative sales for August 2007 had been 28,394 units, with domestic sales at 16,138 units and exports at 12,256 units. As compared to August 2007, domestic sales grew by 33.9 percent in August 2008 while exports grew 88.5 percent, with the cumulative growth being 57.5 percent.
‘Looking at the current market scenario, we are happy with Hyundai’s overall sales and this again reinforces our belief that if you have a strong product portfolio, it will see you through even in tough times,’ said Arvind Saxena, Senior VP, marketing & sales, HMIL.
[Via: Indiautomotive]
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Monday, September 1st, 2008
Hyundai Motor India Ltd. (HMIL) is looking at increasing exports to counter relatively sluggish sales in the domestic market. The company, which exported 127,000 cars last year, plans to start exports of ‘completely knocked down’ (CKD) kits of its cars.
H S Lheem, MD, HMIL, says the company will start its CKD exports by July 2009, and to begin with, about 30,000 kits will be exported per annum. At the same time, Hyundai India will also start work towards expanding its engine manufacturing capacity, taking it from the current 600,000 units per annum to 700,000 units.
HMIL will export 25,000 engines to Korea this year, which will be used by Hyundai’s sister company, Kia Motors. Next year, HMIL could be exporting up to 70,000 engines to Korea, all of which would be used by Kia.
HMIL is also looking at alternative fuels in a bigger way. With CNG-powered Santros and Accents already being sold in the domestic market, the company is now looking at launching LPG-powered variants of these cars - the LPG Santro by September this year, and the LPG Accent by October.
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Tuesday, May 20th, 2008
The 500 Abarth Asetto Corse isn’t the only limited-edition Fiat Group vehicle that’ll be available for order at this year’s Mille Miglia. Alfa Romeo will also be taking orders for the 11 Spider Mille Miglia editions it’s building to commemorate the 11 times it’s won the race. Setting the cars apart from standard editions are Rosso 8C paint, Quadrifoglio shields on the fenders and a red-accented black interior. Each car is, of course, individually numbered, and their unique ID plates note a different Alfa Romeo Mille Miglia victory.
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