Friday, November 14th, 2008
Hyundai Motor India has reached a landmark figure of two million cars, which the company has sold in India over the last 10 years. ‘Since its inception, Hyundai Motor India has always brought the best and the latest in automotive technology and design, backed by the best of warranty, competitive pricing and a huge sales and service support network.
This new record of producing two million cars will further empower Hyundai to play a vital role in the growth of the Indian automobile industry,’ said HS Lheem, MD, HMIL.
[Via: indiaautomotive]
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Saturday, November 8th, 2008
More photos of Ford New Ikon TDCi….
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Saturday, November 1st, 2008
Tata Motors has reported a 6.1% increase in revenues (net of excise) to Rs 7,078.85 crore for the quarter ended September 30, 2008, compared to Rs 6,672.65 crore in the corresponding quarter last year. Profit before tax (before notional loss on foreign exchange valuation) was Rs 643.03 crore, an increase of 8.9%, compared to Rs 590.34 crore in the corresponding quarter last year.
After considering notional exchange valuation loss of Rs 285.02 crore (compared to a notional gain of Rs 30.85 crore in the corresponding quarter last year), reflecting the volatility in foreign exchange rates impacting the company’s long-term funds raised through issue of foreign currency convertible (FCC) instruments, profit before tax was Rs 358.01 crore, a decline of 42.4%, compared to Rs 621.19 crore in the corresponding quarter last year. Profit after tax (after notional loss on foreign exchange valuation) was Rs 346.99 crore, a decline of 34.1% compared to Rs 526.84 crore in the corresponding quarter last year.
[Via: indiaautomotive]
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Saturday, November 1st, 2008
The luxury car market seems to be unaffected by the ongoing financial turmoil in the country. All the luxury car makers like Porsche, BMW , Volvo, Mercedes, Audi, Rolls Royce have recorded fantastic growth in the past months. Daimler India, that owns the brand Mercedes has clocked 61 percent growth in its sales.
Porsche India is also hopeful of doubling its sales in the country and aims to sells 200 cars and sports utility vehicles against last year’s sales of 101 units. “There is a lot of pent up demand in the market, which was not fulfilled earlier due to the absence of companies which makes those cars.
We will be launching two more models next year,” says Rod Wallace, Managing Director, Porsche India. Porsche currently sells Boxster, Cayenne, Caymany and 911 models in India. Its cars cost around Rs. 50 lakh to Rs 2 crores in the domestic market. It also plans to appoint more dealers in the country, especially in Punjab along with Hyderabad, Chennai and Bangalore.
[Via: cartradeindia]
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Wednesday, October 22nd, 2008
Racing ahead of main rival Bajaj Auto, Hero Honda continues to record an amazing performance this year, despite the overall recession in the Indian automotive market.
In fact, Hero Honda posted its highest net profit in five quarters, with a 50% increase in profit after tax (PAT) at Rs 306.3 crore for the quarter ended September 30, 2008. The company clocked Rs 204.3 crore in the same period last year, and Rs 298.7 crore in the fourth quarter of FY 2007.
Due to better cost control, more efficient work practices and higher sales, Hero Honda’s operating profit margins also improved to 15.26% during the quarter, against 14.06% in the same period last year, and 12% in the first quarter.
Hero Honda’s motorcycle and scooter sales went up by 29% during the quarter to 972,000 units, against last year’s 756,000 units. The company sold 537,000 vehicles during the Diwali month in 2007, and aims to cross that mark this year with 600,000 units.
‘We have posted the best-ever sales in the fiscal and are aiming to net the highest-ever sales in October. Our margins grew as a result of good sales volume and strong fiscal discipline. Cost-control and greater penetration in the market also helped bring in better profits. We have built a huge stock to attain the highest volume growth in the festive season. To meet the liquidity crunch in the market, we have entered into tie-ups with regional, rural and co-operative banks to meet customers’ credit needs,’ said Pawan Munjal, MD, Hero Honda.
Hero Honda, which currently has a 55% market share in the two-wheeler segment in India, recently launched four new variants of its existing bikes, and is expected to launch more variants and perhaps two or three all-new bikes by end-2009.
According to analysts and industry experts, Hero Honda’s fundamentals are strong and it has posted impressive volume growth, outperforming the entire two-wheeler industry. The company improved its realization on the back of shifting bulk production to the tax-free zone in Haridwar, and its bottom line has grown with effective cost control management.
[Via: indiaautomotive]
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Wednesday, October 15th, 2008
Hero Honda , which plans to launch seven new variants of its two-wheelers by the end of this year, is aiming at sales of 600,000 motorcycles and scooters this month. ‘In our silver jubilee year, we aim to clock the highest sales in our history. We have pushed up our production and are aiming retail sales of six lakh units, which is much higher than our sales in October 2006, when we had sold around five lakh units. We expect our October 2008 sales to be the highest ever,’ said Pawan Munjal, MD, Hero Honda, speaking to a national newspaper.
Hero Honda dealers, who say they’ve been given the highest sales targets ever for the festive season, are already offering significant discounts to meet those sales targets. With its 100cc and 125cc bikes offering the ultimate in fuel economy, it looks like Hero Honda is going to continue to stick to the no.1 position in India’s two-wheeler market for the foreseeable future.
[Via: indiaautomotive]
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Friday, October 10th, 2008
Royal Enfield has launched the ‘Bullet Classic’ 500 EFI at the Cologne Internation bike show. ‘Bullet’, the longest running model in continuous production since 1932, keeps its authentic vintage styling and the brilliant one color appearance from the yesteryears and combines it with newer technology from today.
The new ‘Bullet Classic’ 500 EFI conforms to the G2 bullets of the early 1950’s retaining the quintessential classic British style of post worldwar II times with the same front and rear mudguard, the headlight casing, the fuel tank, the oval tool box, the exhaust fins, speedomter dials, single-seat spring saddle, tail light assembly and the headlamp cap.
The UCE (Unitary Construction Engine) 500cc engine is inspired by the ‘Clipper 250′ engine from Royal Enfield from the older times and retains the pushrod construction but comes with electronic fuel injection and develops a healthy 27.2 bhp @ 5250 rpm and a massive 41.2 nm of torque @ 4000 rpm.
According to Royal Enfield, these figures are good enough to give the bike a cruising speed of 70 mph. The claimed fuel efficiency is 3.5 L/100 kms which equates to around 29 kmpl, which is very decent for a bike with 500cc single cylinder engine.
The bike also comes with electric start as standard and a 280 mm Disc brake at the front. The bike is available in 3 colors - Red, Black and Green. Royal Enfield will launch the Bullet Classic in Germany next month followed by a pan European launch in 2009.
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Friday, October 3rd, 2008
Nissan Pixo aka Maruti A-Star …
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Friday, October 3rd, 2008
According to reports in the media, German company Daimler AG, which is exiting from some of its investments in various automotive companies, has chosen to retain its 6.64% shareholding in Tata Motors.
According to Daimler, there may be good growth prospects in the near future if Tata chooses to buy components for its JLR range, from Daimler.
Daimler’s stake in Tata Motors is estimated to be worth about Rs 900 crore. Tata Motors has a long history of working with Daimler Benz, with the Tata bringing the latter’s trucks to India decades ago, and then also being instrumental in setting up Mercedes operations in India in the 1990s.
[Via: indiaautomotive]
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Friday, October 3rd, 2008
More Maruti A-Star Photos
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