By: Colin Whitbread, Tuesday, January 03, 2012, AutomotiveWorld.com
The light vehicle market in France fell 15.0% year-on-year in December to 226,885 units, although th...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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Friday, December 09, 2011, AutomotiveWorld.com
The Brazilian Vehicle Manufacturers' Association (Anfavea) has said that light vehicle sales in the ...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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21 September, 2011 Nissan on Tuesday scotched rumours that its alliance with Bajaj Auto for developing an ultra low-cost vehicle was on a shaky ground, saying it is still in talks with the Indian auto major for the project.
Speculation had been rife that the Nissan-Renault- Bajaj joint venture was not working well as the two overseas JV partners are unhappy with Bajaj over the pace of project.
Asked about the time of the joint announcement, Normand declined to give any specific date, saying “We will let you know at the right time.”
Meanwhile, Nissan Motor India Managing Director Kiminobu Tokuyama said his company was studying the prospects of launching a small car in the fast-growing Indian market on its own as well.
“We, at Nissan, are committed to offer a good product to any segment... so we are now studying the project of launching a small car... but it is too premature to say when we will launch the car,” Kiminobu said.
The Renault-Nissan alliance signed a memorandum of understanding (MOU) in 2008 with Bajaj Auto to develop an ultra low-cost vehicle for India and other emerging markets, and had planned to launch it in 2012.
The design, manufacturing and sourcing was to be done by Bajaj and Renault-Nissan would handle marketing in India and overseas, according to the agreement.
The Renault-Nissan alliance is investing Rs 4,500 crore to set up a plant in Chennai, which will have an annual capacity of four lakh units.
Friday, August 26, 2011, AutomotiveWorld.com
The Renault Nissan Automotive India manufacturing plant, located in Oragadam in the southern Indian ...*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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By: David Isaiah, Thursday, June 02, 2011, AutomotiveWorld.com
Following year-on-year growths of 16.9% in March and 17.9% in April 2011, the light vehicle market i...*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 20, 2011, AutomotiveWorld.com
In an internal letter to Honda and Acura dealers in the US, John Mendel, executive vice president, ...*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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Monday, May 16, 2011, AutomotiveWorld.com
After reaching an all-time high in March, vehicle sales in Malaysia rose to 50,936 units last month,...*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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Wednesday, May 04, 2011, AutomotiveWorld.com
New legislation has been introduced in the US geared at further supporting electric vehicle (EV) up...*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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06 January, 2011 In the next three years, India will become the world’s fourth largest passenger vehicle market but will require an investment of almost USD 20 billion to build up to nine new plants to meet the demand by then, according to global consultant Booz&Co. At present, the Indian PV market is the seventh largest in the world and it is expected to grow at 15-20 per cent every year till 2013, he added.
The Indian passenger vehicle (PV) market will touch 3.5 million units mark in the next three years, it said. “By next three years, India will be the fourth largest PV market in the world. Only the US, China and Japan will be ahead of India,” Booz&Co Partner Vikas Sehgal said.
According to Society of Indian Automobile Manufacturers (SIAM), the PV market stood at about 2 million units in 2009-10 and is expected to reach 2.4 million units in this fiscal. “India will even cross Japan by selling about five million PVs by 2017-18. India, in next three years, will need 6 to 9 new car plants with an average annual capacity of 1.5 lakh units... This will require at least USD 15-20 billion investment,” Sehgal said.
To achieve this feat, auto makers will have to not only increase capacities but will also have to enhance their dealer network, strengthen component sourcing chain and enhance R&D capabilities. Under the Automotive Mission Plan (AMP), the Indian market had earlier planned to become a USD 145 billion by 2016, for which USD 35-40 billion investment is required.
Toyota might approach the BHEL (Bharat Heavy Electrical Ltd) a government based electricity firm to design its electric vehicles to make the environment in green.
Toyota is on the verge of negotiating with the officials of BHEL. The initiative is to avail subsidy for electric vehicles. The move also comes in the wake of earlier moves by the firm on producing electric buses and electric locomotives. There will be official visits by the team from BHEL to the camps of Toyota Nagoya in Japan. Before Toyota, GM and Nissan-Renault haven been involved in the electric vehicle concept globally. Toyota is also on the scene with its Prius hybrid and M&M is cashing in on the Reva. However, major players like Maruti, GM, Hyundai, Tata Motors and others are yet to involve in the EV concept.
Toyota, on the other hand is on the scene with its Prius hybrid and M&M is running its Reva. Besides, there are other major players like Maruti, Hyundai, GM, and Tata Motors, ready to step into the EV concept. The primordial aim for Toyota has been partnering for delivering good vehicles under the electric version. The proposal may either culminate as a JV or as a sharing of technical set up. BHEL had similar offers from the Dutch based DHBC BV for availing similar facility under Inter-Ministerial Governing Council on EVs.
The Indian auto market is slowly inching toward alternative fuel in the wake of the sky rocketing fuel prices. In a bid to promote such moves, the Ministry of New and Renewable Energy will offer incentive of 20% subsidy for electric cars and two wheelers on factory price. Additionally the scheme is valid till 2011-12. The fund allocated is Rs95 crore. There is however a pre condition that there ought to be a minimum of 30% localized components.
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03 January, 2011 Indian car manufacturer Tata Motors has increased the prices of some of its passenger vehicles and all of its commercial vehicles by a range of Rs 3,000-30,000 due to rising input costs. The new prices come in with immediate effect.
While the prices of passenger cars have been increased in the range of 3,000-15,000, for the commercial vehicles the hike ranges between Rs 1,500-30,000, the company said in a statement.
The flagship model of the company Tata Indica and Indigo would now be dearer by a range of Rs 3,000-Rs 15,000 depending on the model. In utility vehicles, the price increase on Tata Sumo, Grande MK II, Safari and Xenon ranges between Rs 8,700-14,500.
The commercial vehicles from Tata Motors would be more expensive by Rs 1,500-30,000 more, it said.
New Ford C-MAX combines a fresh new design, flexible seating configuration for seven, outstanding craftsmanship and occupant safety and advances in driving dynamics
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14 December 2010
By Shane McGinley
The number of vehicles registered in Dubai increased by 65% in the first three quarters of this year to exceed one million, government data shows.
Figures from Roads and Transport Authority (RTA) published by the Dubai Statistics Centre (DSC) show 1,029,634 vehicles were registered in Dubai in the first nine months of 2010, up from 624,462 in the year-earlier period.
The figures include both new and renewed registrations.
Passenger vehicles represented the bulk of registrations, accounting for 86% of listed vehicles and representing a rise of 68% on the same period in 2009.
In the nine months to September 30, the number of motorcycles registered in the emirate doubled to 18,883, up from 9,223 in the year-earlier period.
In 2009, new vehicle registrations represented around a fifth of the total number of registrations. New registration data for 2010 is not yet available.
Via ArabianBusiness.com
Maruti Suzuki India reported last week that it will increase prices of its vehicles soon due to input cost and impact of strengthening yen. The company is currently planning on by how much and when it could hike the prices of its vehicles.
“In the past few months the input costs have increased significantly. We have been absorbing so far through internal efficiency measure but now we have to pass it on to the consumers,” Maruti Suzuki India Managing Executive Officer (Marketing and Sales) Mayank Pareek said.
He said, “The Company has to take the call as commodity prices have witnessed a steep increase in the past couple of months.
“The price of natural rubber, which used to be Rs 100 per kg, has gone up to Rs 200 per kg. Copper price has increased by 12-15 per cent and steel has also seen a similar increase,” Pareek said.
Moreover, the yen versus dollar equation continues to be adverse with the Japanese currency gaining. These seem to be no softening of these factors, he added.
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