New Delhi: Mahindra & Mahindra (M&M) on Friday expanded its electric vehicle portfolio with the launch of e20 Plus hatchback priced at Rs 5.46 lakh to Rs 8.46 lakh (ex-showroom Delhi). The company has marked the entry level P2 variant of the vehicle for fleet owners but hasn't disclosed its price yet. The other variants -- P4, P6, and P8 -- are priced at Rs 5.46 lakh, Rs 5.95 lakh and Rs 8.46 lakh respectively. "As the pioneers in the integrated and electric mobility solutions in India, it has always been our endeavour to make electric vehicles more accessible across segments," M&M Executive Director Pawan Goenka told reporters in New Delhi. The launch of e20 Plus marks the company's foray into the mass market electric city car segment, he added. The vehicle comes with a range of 140 kms on one single charge and achieves a top speed of 85 kmph. The company, which has already invested around Rs 600 crore on developing electric technology, already sells three vehicles -- e20, eVerito and eSupro. It is also developing a bigger electric 80 KW powertrain which would be able to run bigger vehicles going forward, Goenka said. M&M president and chief executive (Automotive) Pravin Shah said that the e20 Plus is an amalgamation of advancements in automotive technology, electronics and information technology. "As a listening organisation, the e20 Plus has been evolved keeping in mind the feedback from our potential customers," he added. The e20 Plus is primarily meant for city commuting and comes with various features such as easy hone charging, hill assist, reverse camera, charging ports and smartphone connectivity among others. Since launching its first electric product-- e20 in March 2013 -- the company has so far sold around 3,000 units in the country.
Posted by RP on 17 October
Hyderabad: The German luxury automotive company Mercedes Benz plans to roll out four more models in India during the remaining part of the year as it had announced earlier its plan to roll out 12 new models in 2016 and so far has introduced eight models. Roland S Folger, Managing Director and Chief Executive Officer of Mercedes-Benz India, said the first nine months have been exciting and the volumes continue to be strong in spite of the uncertainty created by the regulatory environment, particularly with regard to diesel vehicles in the NCR region. “We have sold more than 9,927 vehicles during the first nine months in spite of the problems we have had to face with regard to diesel cars in Delhi. Last year (2015 January-December), we sold 13,502 cars, registering a growth of over 32 per cent over previous year. If the current numbers are any indication, while we do not forecast numbers, we may end up at about the same numbers we achieved in 2015,” he said. Referring to the impact of Goods and Services Tax, which is to be implemented from April 2017, Folger said: "we are still not clear as to its impact on the automotive sector, that is, whether the prices will be lower or higher." "Second, the GST implementation will also impact the suppliers. Therefore, we need to wait and watch as to its impact and accordingly, we will have to plan for future,” he added. “To some extent, the diesel ban has been offset by increase in petrol car volumes. But the numbers could have been much more but for the diesel engine related issues. As a part of our plan, we have created a strong portfolio of petrol cars in the same segment, where diesel cars were available, thereby providing an option for the buyers,” he said. Speaking after the launch of a new dealership, Silver Star in Hyderabad, he said on day one, the dealership will deliver about 30 Mercs, a record in itself. Amith Reddy, Managing Director of Silver Star, said they invested about Rs. 37 crore in the new dealership spread over 70,000 sq.ft and draw from experience of managing several dealerships across different manufacturers. Merc had announced plans to add 10 new dealers during the year and till now has added seven, with three more to be added soon. Merc in India has a network of about 87 outlets. Referring to Bharat Stage VI norms, Folger said they were ready to roll out their entire range of diesel and petrol cars by 2018. Folger said they have so far introduced nine models made in India, with localisation of over 60 per cent.
Posted by RP on 17 October
Chennai: Hinduja Group flagship Ashok Leyland today launched - Circuit – the first "Made in India" electric bus. The bus with minimum seating capacity of 35 to a maximum of 65 can run up to 120 kilometres on a single recharge under standard test conditions, according to Ashok Leyland MD Vinod K Dasari. "The initial investment made for this product is about Rs 22 crore from the overall Rs 500 crore. It will be done in phases," he told reporters after launching the bus here. "The Circuit series of buses is another testament to Ashok Leyland's commitment to leverage India's technological innovation to relevant and best in class solutions for India and the world," he said. The bus will cost between Rs 1.50 crore to Rs 3.50 crore, he said. According to Ashok Leyland Senior VP Global Buses, T Venkataraman, the Circuit buses can be manufactured in all the seven manufacturing facilities owned by the company. "These buses are right now manufactured in Alwar, Rajasthan and also in our Viralimalai facility (Tamil Nadu). But we have the capability to manufacture in all our seven plants," he said. The bus can be used in hilly areas and heritage places, he said, adding that tendering process was going on between three to four state transport undertakings. While 60 per cent of the total cost of the bus goes for the battery, the remaining is for other parts, he said. "Currently, the batteries are imported from the United States," he said.
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Hyderabad: Commercial vehicle maker Ashok Leyland on Monday entered into an agreement with the Telangana government for setting up a 'body building unit' in the state with an investment of Rs 500 crore. The unit, to be established in phases with an investment of Rs 500 crore, would provide employment to 1,000 people directly and hundreds of others indirectly, a release from the Chief Minister's Office said. A memorandum of understanding (MoU) to this effect was exchanged by Chief Minister K Chandrasekhar Rao's Additional Principal Secretary Santhi Kumari and Ashok Leyland MD Vinod K Dasari, it said. Location of the proposed facility was not mentioned in the release. Speaking on the occasion, Mr Rao said his government would extend all cooperation for the growth of manufacturing sector in the newly formed state. The government has brought out its industrial policy (TS-iPASS) to grant all necessary licences in 15 days to set up a unit, he said. The chief minister said the transport sector would continue to grow in the State, the release added.
Posted by RP on 10 October
New Delhi: Hyundai India has postponed the launch of its premium SUV, the Tucson. Showcased at the Auto Expo earlier this year, the Tucson was set to be launched on October 24, but the company has sent out a statement saying that the “launch has been rescheduled to a later date due to unavoidable reasons.” The Tucson was first introduced in the Indian market in 2005, but was discontinued after about five years due to poor demand. Built on a new platform that offers generous cabin space, the SUV now looks very different from the model that was discontinued. It sports the company’s Fluidic Sculpture design philosophy and gets a chrome-framed hexagonal grille, bulging wheel arches and narrow headlights. It is expected to get both petrol and diesel engines. While the petrol is likely to be the same 2.0-litre motor that was recently introduced with the Elantra, the diesel could be an all-new 2.0-litre unit. Hyundai currently sells two SUVs in India – the Creta and Santa Fe. The Tucson would be slotted between the two, so expect prices to start from about Rs 16 lakh, going up to Rs 23 lakh.
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New Delhi: Country's largest carmaker Maruti Suzuki India (MSI) is looking to launch the premium hatchback Baleno in new markets, including Caribbean Islands and South Africa, in the coming months as part of plans to export the model to over 100 nations. The car, which has already crossed the milestone of 1 lakh sales in the domestic market, will also be shipped to countries in Latin America, Middle East and South East Asia. "In following months it (Baleno) will be launched in Caribbean Islands, Uruguay, Bolivia, Costa Rica, Honduras, Panama, Peru, South Africa, Indonesia, Middle East countries like UAE, Oman, Kuwait, Lebanon, Qatar, Saudi Arabia," a company spokesperson told PTI. MSI currently exports the car to France, Denmark, Germany, Greece, Hungary, Iceland, Italy, Japan, Netherlands, Poland, Spain, Sweden, Switzerland, Chile, Israel, England, Nepal, Bhutan, Austria and Australia. Till date around 38,000 units of the model have been dispatched to these destinations. Baleno is the first product from the MSI portfolio to be exported to Japan where its parent company Suzuki Motor Corporation (SMC) is based. The company and its supplier partners have invested Rs 1,060 crore in the development of Baleno, which is being manufactured at the company's Manesar plant. MSI had launched Baleno in India on October 26 last year.
Posted by RP on 08 October
New Delhi: Domestic passenger vehicle (PV) sales grew at 19.92 per cent in September, touching highest volumes in over four-and-a-half years, led by record sales in the utility vehicles segment. According to the data released by the Society of Indian Automobile Manufacturers (SIAM), PV sales in September stood at 2,78,428 units as against 2,32,170 units in the same month last year. PVs in March 2012 had seen the sale of 2,95,403 units, showing year-on-year growth of about 22 per cent. Utility vehicle sales last month saw 37.93 per cent jump to 66,851 units, from 48,467 units a year ago. Car sales, on the other hand, grew by 15.14 per cent to 1,95,259 units as against 1,69,590 units. “The passenger vehicle numbers represent buildup of inventories for the festive season. Besides, various car makers have been able to sort out capacity issues leading to supply of certain models which are in high demand,” SIAM Deputy Director General Sugato Sen told reporters here. Buoyed by the sustained performance, SIAM expects growth in the PV segment in the current fiscal to be in the 10—13 per cent range. “The industry is geared up for the festive season. We expect it to be better than previous years,” SIAM Director General Vishnu Mathur said. For the April-September period of the current financial year, the PV segment grew by 12.34 per cent over the same period last fiscal. UVs rose by 40.24 per cent during the period, while passenger cars sales grew by 5.11 per cent. Demand for passenger vehicles has been driven by new models, especially in the SUV category with the likes of Maruti Vitara Brezza and Hyundai Creta clocking good numbers. In September, market leader Maruti Suzuki India’s domestic PV sales grew by 29.41 per cent to 1,37,277 units. It had sold 1,05,236 cars as against 87,916 units in the same month last year, up 19.7 per cent. Rival Hyundai Motors India also saw its PV sales marginally at 42,605 units.
Posted by RP on 07 October
New Delhi: Tata Motors-owned Jaguar Land Rover on Friday reported 28 per cent increase in retail sales with 61,047 units in September. The month's performance was driven by strong sales of the Land Rover Discovery, Discovery Sport, the Range Rover Evoque and the Jaguar F-PACE, as well as solid sales in China, Tata Motors said in a BSE filing. The Jaguar brand sold 17,640 units in September, up 70 per cent from the year-ago month, reflecting the strong launch of the F-PACE as well as continued solid sales of the XE, it added. Land Rover's September sales were at 43,407 vehicles, up 17 per cent year-on-year, driven by strong sales of Discovery Sport and Range Rover Evoque which retailed at 12,838 units and 11,761 units, respectively. The company said Jaguar Land Rover delivered solid retail sales growth across all key regions year-on-year, with China up 50 per cent, Europe up 32 per cent, the UK up 30 per cent, North America up 23 per cent and other overseas markets up 3 per cent.
Posted by RP on 03 October
New Delhi: Home-grown auto major Mahindra and Mahindra on Monday reported a 68.97 per cent jump in total tractor sales at 30,562 units in September. The company had sold 18,087 units in the same month last year. Domestic tractor sales rose 70.27 per cent to 29,035 units in September as against 17,052 in the year-ago month, the company said in a statement. Exports during the month also rose by 47.53 per cent to 1,527 units compared with 1,035 in the same month a year ago, it added. On sales outlook, M&M President and Chief Executive, Farm Equipment and Two-wheeler Division, Rajesh Jejurikar said: "We expect the good momentum to continue with the upcoming festive season and the effect of a good monsoon."
Posted by RP on 02 October
Mumbai: Eicher Motors'-run Royal Enfield clocked a growth of 30% in the volume of sales of its motorcycles in the month of September, the bikemaker said in a press release. Royal Enfield sold 57,842 motorcycles in September compared to the 44,491 bikes sold in the same period last year, a 30% growth. This included domestic sales and exports. In the domestic market, Royal Enfield sole 56,958 motorcycles compared to the 43,741 bikes sold in the same period last year, again a 30% jump in sales volume. It exported 18% more motorcycles in the month -- 884 motorcycles -- compared to the 750 shipped in September last year. Royal Enfield said it launched the Himalayan motorcycle in Nepal recently, which will be available at its exclusive stores in the country, in Naxal & Balkumari, Kathmandu. The bikemaker also launched a new dealership in New Delhi, which houses the full line-up of the motorcycles, gear, and accessories. It also has a full service station at the venue. The new New Delhi venture is owned by Motorsport Rally Champion Gaurav Gill.