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07 July, 2011 Toyota Kirloskar Motors will expand the capacity of its second plant in Karnataka, which manufactures models like the Etios and Liva, a company official said.
The capacity of the second plant would be increased from 70,000 units per annum to 1.20 lakh units per annum, Toyota Kirloskar Motors VP (Sales) S Shetty said.
The investment required for the expansion would be Rs 215 crore and it would be completed by the second quarter of next year, he said.
Launching the Liva (the hatchback version of the Etios) here today, Shetty said that the company has sold 21,000 units of the Etios so far. The expected combined sales of Etios and Liva this year would be around 60,000, he told reporters.
Toyota Kirloskar Motors’ dealership network would also be expanded to 175 by the year-end from 150 at present, he said.
There is some good news Fuchs Lubricants plans to expand in India. A few years back I was able to lay my hands on some Fuchs Lubricants and all I can say I loved it. For those who don’t know much about Fuchs lubricants they were the one’s who sponsored & Supported Kawasaki’s motogp team, they also sponsor top fuel dragster racing teams ! Here is an official announcement of their expansion Plans in India. We hope Fuchs sponsors & supports some Indian Racing in the future – Mr. Stefan Fuchs are you listening !
Press Release :
Fuchs Lubricants (India) Pvt. Ltd., the wholly owned Indian subsidiary of Fuchs Petrolub AG Germany, the world’s largest independent lubricants manufacturer, today announced its expansion plans for the Indian market.
The company has set up a state- of -the-art plant at Ambernath, on the outskirts of Mumbai. With an investment of over Rs. 400 million, Phase I of the plant is ready to go on stream. Construction of Phase II will commence soon in 2011 with an investment of Rs. 100 million.
Speaking on the occasion, Mr. Stefan Fuchs, Chairman of the Executive Board, Fuchs Petrolub AG Germany, said, “We see a huge growth potential for Fuchs Lubricants in India and as a part of our expansion plan, we have set up the Ambernath plant to cater to a wide range of sectors.”
“The plant encompasses sophisticated equipment like Product Logic Control (PLC) based blending systems, Load Cells for accurate monitoring and an internationally benchmarked R&D Centre. It has the highest levels of fire and safety norms far exceeding Indian statutory requirement. The plant also has eco-friendly features like its own waste water recycling plant and stringent pollution control systems” he added.
The plant will also manufacture a wide range of eco-friendly Fuchs products, which will be marketed under Planto and Eco brand names.
The R & D Centre will initially adopt lubes to sub-continental conditions. Soon, it is likely to be upgraded to a regional hub for research and development.
The company has ambitious growth plans to triple the sales turnover to Rs. 2 billion in the next 2-3 years. For this purpose a comprehensive marketing plan has been worked out using a multi- pronged strategy of targeting both the high-end/niche marketing segments, and also general lubricants.
Also, specialty lubricants will be manufactured for OEM’s and their requirements in the manufacturing process, machinery first fill, as well as products for in-use servicing.
The fast growing automotive sector offers new opportunities with German brands like Mercedes and Volkswagen doing well in India. Fuchs India intends to get well entrenched in this segment as First Fill Lubes Supplier.
There is some good news . A few years back I was able to lay my hands on some Fuchs Lubricants and all I can say I loved it. For those who don’t know much about Fuchs lubricants they were the one’s who sponsored & Supported Kawasaki’s motogp team, they also sponsor top fuel dragster racing teams ! Here is an official announcement of their expansion Plans in India. We hope Fuchs sponsors & supports some Indian Racing in the future – Mr. Stefan Fuchs are you listening !
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BMW India will expand its capacity for the second time in less than a year as the luxury cars demand has increased.
BMW plans to increase the capacity to 8000 units per year at its Chennai plant by early 2011 from the current 3000 units. The investment will be increased to 1.8-billion plans in India by 2012.
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