Friday, December 09, 2011, AutomotiveWorld.com
Showa Denko K.K. (SDK) has built an additional production line for its VGCF (vapour-grown carbon fib...Any questions? Email us or call our Member Services team on +44 29 2070 9302.Our free E-Newsletter service is an excellent way of staying up to date with news and features from around the global auto industry.
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26 August, 2011 German luxury car maker BMW on Thursday said it has increased annual output from its Chennai plant to 11,000 units with the start of second shift from June.
The company, which is present in India through a wholly owned subsidiary, today launched its sports utility vehicle X3 priced between Rs 41.2 lakh and Rs 47.9 lakh (ex-showroom, across India).
“We have expanded our production facility by starting the second shift of production. The production has been expanded to 11,000 units annually from 10,000 units,” BMW India President Andreas Schaaf told reporters in Pune.
Earlier in March, the company had ramped up production capacity from 8,000 to 10,000 units per year in single shift operations.
“If needed we can add another assembly line, if needed we can increase the output of the second shift and if needed we can add another production site. Everything is possible on our strategy for the next 10 years,” Schaaf said. He said the company was targeting to sell one lakh units every year in India, but declined to share any timeline.
In March, BMW India had said it is targeting sales of up to 60,000 units in the next 10 years and will invest an additional Rs 70 crore by 2012. Last year, BMW retained its number one position in the Indian luxury car segment with sales of 6,246 units, which was up 73 per cent from the previous year.
To expand its product portfolio in the country, BMW India today introduced its SUV X3 in diesel options. The vehicle will be produced at its Chennai plant as a completely knocked down unit. The sales of the car will start from next month.
Commenting on the new model, Schaaf said: “The launch of the new BMW X3 is a significant milestone in our growth strategy in India... It will be a volume car for us.” The company has recently increased the number of employees in to over 650.
By: David Isaiah, Friday, May 27, 2011, AutomotiveWorld.com
The year-on-year rate of increase in new commercial vehicle registrations across the EU dropped in A...*All prices are based on a 12-month membership period.Our free E-Newsletter service is an excellent way of staying up to date with news and features from around the global auto industry.
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Friday, May 27, 2011, AutomotiveWorld.com
Visteon has said that it is expanding automotive component testing capabilities at its engineering t...*All prices are based on a 12-month membership period.Our free E-Newsletter service is an excellent way of staying up to date with news and features from around the global auto industry.
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10 January, 2011 Japanese carmaker Honda is planning to expand its dealership network in small towns and cities, as well as tie up with regional banks to ensure good sales of its upcoming small car Brio. The Brio is expected to be launched in September with a price tag of less than Rs 5 lakh.
“We are not exactly focusing on the major metros with Brio. It will cater to urban nucleus families, but will meet specific needs of larger family units in small towns,” Honda Siel Cars vice-president Jnaneshwar Sen said.
Honda, which sells the City, Civic, Accord, Jazz and CR-V in the Indian market, has mostly been able to attract the metro crowd even as other carmakers have penetrated the country roads and enhanced their sales volume. Now, Honda also wants to tap the huge potential of small cities to ensure that the Brio stands in line with Maruti Swift, Ford Figo and Hyundai i20.
Honda has also initiated talks with government owned as well as regional banks to offer attractive finance options for the Brio. Honda does not want the Brio to take the same route as the Jazz.
“As we moved to small cities and settlements, we have enrolled these financial institutions including cooperative banks, who have the ability to cater to profiles of potential customers for Brio,” Sen said.
Honda, after five years of comprehensive research, has developed the Brio for the Indian market. The small car can accommodate five adults but falls in Indian government’s small car category that is taxed 10% compared to 22% for bigger vehicles. Brio would be the first high-volume Honda car to hit the Indian market.
