13 posts tagged “indian car market”
Hyundai’s most popular flagship model Santro will be seen in Taxi version in Mumbai. The car manufacturer handed over the first lot to the Taxi Union at the ceremony held in Mumbai.
Currently this bollywood city has 50,000 black & yellow services running. Initially the only will 30 Santro taxis be seen on the roads according to the decision taken by the Taxi and Auto rickshaw Welfare Sangh. The state government has also decided to discontinue the taxi models which are 25 years old. By 2009 the government plans to replace 7,000 old taxis. Hyundai is planning to sell around 1,250 Santro taxis, out of which 500 will come with AC.
As part of special offer, the car manufacturer is selling the Santro with a special price tag of Rs 2,42,300 for the taxi purpose in Mumbai. This is for the first time the car manufacturer entering the taxi segment.
Santro introduced in 1998 in the Indian car market is a great car from the small car segment. It is one of the most popular cars from the Hyundai’s stable. The black & yellow Santro will be a great taxi to hop in.
The Indian subsidiary of General Motors has put on a
brave face against the news that its parent establishment in the U.S. is on the
verge of going belly up. GM
India officials vouch that their operations will remain unaffected by the
developments in the U.S., saying that the Indian operations do not form part of
the bankruptcy proceedings filed under Chapter 11 of the United States
Bankruptcy Code.
Of course, they’ve a valid point that supports such
unbelievable statements. GM will potentially lose $37 billion worth of debt
through Chapter 11 and their objective is to find room for themselves to become
more competitive. The bankruptcy judge has the power to let GM out of
obligations and contracts it can no longer afford and that will help the brand
to rebuild and also adapt to the changing business environment.
Banking on the positive mood, GM India assures that
sales, customer support, and warranty of Captiva, Spark, Aveo, Aveo U-VA, and
the Optra will remain completely unaffected. They are trying to take customers into their confidence
with the promise that their nationwide dealership networks will be intact and
service centres will work normally without any hiccups.
In fact, as it is wobbling under credit crunch, the U.S. car manufacturer is actually looking upon India as a key market for its revival. That’s the obvious reason for the company’s going ahead with small car projects in India. GM India has clearly indicated that the Chevrolet Cruze and the Chevrolet mini car will be launched on prescribed schedule.
GM considers India primarily as a small car market that can
create a demand for compact cars from other world markets. This gives GM India an upper hand while
tackling the ghost of bankruptcy of its parent company in the U.S. Because raw materials are readily available here
at a cheaper price, the company is very confident of bringing out cars at
attractive and competitive prices to serve other markets as well.
This will generate a greater demand for GM’s Indian-made cars and will open up a great opportunity for its Indian subsidiary. This fact itself is capable of allaying the fears of Indian customers, suppliers, dealers and all other stakeholders about the over-hyped aftermath of the impending bankruptcy.
The competition in the car segment is growing really and just like in any other segment the SUV segment is heating up too. The car manufacturers are either adding a new variant or are upgrading the existing SUV with extra style, features and sometime with a different engine too.
Ford too shares the similar thinking and plans to introduce the face lifted version of Endeavour very soon. The new version of the SUV will be seen with all new chrome grille and redesigned headlights. Looks like Ford is setting is Endeavour all ready and powerful for the Toyota Fortuner which will make its debut in the Indian car market very soon.
Though there are no specific details about the revamped edition of the SUV but it is expected to replace the indirect injection engine with the CRDi engine with an output of 143bhp. The new Endeavour would also get a new 5 speed automatic transmission system against the new 5 speed manual transmission which is currently equipped in the existing Endeavour in India.
The exterior and the interior too will be seen with the subtle changes that will add an extra appeal to the SUV. Endeavour is the perfect off roader that shines on the Indian roads. Hope with all new looks and features Endeavour once again will lead the SUV segment.
Jazz is still awaiting launch and the Japanese car manufacturer is already working on another small car which is will be priced lower. In order to bring down the cost, the company is looking for localizing the component so that the price of the car will fall in the range of Rs 4.5 Lakh. The price and the specification of the car is still undercover but as it is from the house of Honda one can always expect the best.
The new car with the competitive price tag will be a strong competition in the small car segment. This will be the first car from the premium car manufacturer that will be built keeping India as a lead market. For the upcoming car Jazz, its home country will be lead market whereas US was the lead market for the Accord and Civic and Thailand for City.
The company is planning a mass volume for the new car. The car which will manufactured at the Honda’s new Rajasthan facility will hold the initial capacity of 60,000 cars annually which will be later increased to 2.5 Lakh units.
Jazz which is the first offering to the small car segment from the Honda has already created a demand in the market and now with the new car with an attractive price tag, Honda is started to threaten the other primary players like Maruti Suzuki and Hyundai Motors in the small car segment.
The news of Maruti 800 phasing out spread like a wildfire but now the company says that this news is not yet confirmed. Maruti is still in the confusing point about their decision to take away the little wonder that one shined like a prince on the Indian roads.
In the phasing out list even Maruti Omni belonged but now there is a speculation that both the models would be upgraded so that they will be in compliance with the Bharat Stage 4 emission norms by 2010.
On the contrary it is any wise option as both the models have a very good sales record in the market. And phasing them out without any genuine reason would be cruel. In terms of M800, it is an open secret that Nano is going to hit the M800 sales severely. Now was this the reason that company was planning to take awayM800? The possibility is high but it is a competitive market and everyone tries to the position. If Nano will shine on the roads with the attractive price tag, then it is sure Maruti Suzuki too will come up with something that will not pull the consumers but also give a tough completion to Nano.
Now only time can tell us who is the winner as the competition is really high.
Lexus one of the most popular brand from Toyota will be soon seen on the Indian roads. Almost a year back this news was speculated but now it is confirmed. The increasing demand for luxury cars in India has encouraged the Japanese car manufacturer to introduce this luxury brand in the country.
The launch date and other details of the brands are not revealed but brand will make its debut but very soon we can see Lexus cars in the Indian car market. Lexus cars have made presence in India but all of them are imported by the individual customers.
Not many will be aware of the Lexus brand. A little briefing will help in knowing the brand better. Lexus is a luxury car brand which is a part of the Japanese car manufacturer Toyota Motors. It was in the year 1989 this brand was introduced in U.S. This brand grabbed great popularity and become one of the highest selling car brands. Lexus is available across the world. The brand was introduced in Japan in 2005 becoming the first Japanese luxury car brand to be introduced in its home market.
Realizing the prominence of the Indian car market the Chinese car manufacturers are now planning to enter India. Over the years the car industry of India as gained a lot and also offered. Many foreign car manufacturers have succeeded in positioning themselves in India.
The two important car players of the China Chery Automobile and Great Wall Motors wants to enter the Indian car industry as their they have experience a little slope in their product sales in the markets of U.S. and Europe due to the economic crisis.
For a new car manufacturer to enter Indian markets it is important to have a local vendor to sell their products. For the launch of Cherry cars in India, the car manufacturer is in talks with the Sonalika group (makers of ICML Rhino RX). The Cherry cars are expected to make their debut in India by2010. The other car manufacturer Great Wall Motor (GWM) is also checking for the local partners to promote their models.
Small cars already dominate the
Indian car market and now we have more coming up. The upcoming Tata Nano has
created a sensation in the car market globally with its ‘one lakh price tag.
Every car major is working on small and low cost car for India and the latest car brand to
join the bandwagon of small cars is Toyota Motors.
The Japanese car manufacturer is working on a new car project and is expected to hit the Indian shores by 2010. The compact car, which will carry the price tag of nearly Rs 2.5 Lakh, will target the younger crown in general.
Toyota’s small car will be tough challenge to Nano, which is scheduled for launch by mid-2009. India is already crowded with small cars. Are the small cars stealing the lime light from the bigger cars?
Indian car major, Mahindra & Mahindra is all set to introduce its multi-purpose vehicle called XYLO (pronounced as Zy-lo) this quarter.
Built on completely new platform, XYLO is made by the M&M under the project Ingenio. A team of 160 experts put in their hard work and creativity in presenting XYLO with styling, technology and performance.
Mahindra entered Indian car market with its flagship model Scorpio and added many new models to its product line. All the models are doing shining well on the Indian roads and this MPV would further add charm to M&M’s brand.
Previously the car manufacturer had introduced these services in nine major cities including metros. Now with the addition of four more cities, the total number of cities having such facilities has increased to 13.
This service programme comprises of Ford fleet of two types of vehicles including flat bed trucks and emergency response motorcycles. The flat bed truck allows customers to get vehicle carried to the service centre and get them repaired without the damages generally experienced during the towing of cars.
Ford believes that customer’s satisfaction is the most important step for success. Therefore, with the introduction of this service in four more cities the company will cover 60 % of Ford car owners in the country.
