Hero MotoCorp plans 6th Plant, searching for a site in South India

India’s largest two wheeler manufacturer Hero Motocorp is planning to set up one more plant in South India in order to meet domestic demand easily. This would be company’s 6^th manufacturing plant making total capacity of producing about 12 million units per annum.

The company currently have major manufacturing plants at Dharuhera and Gurgaon in Haryana, Haridwar in Uttarkhand. PavanMunjal, MD & CEO of Hero MotoCorp said “We are looking to set up a plant in South India. It will be utilized to service the market there. We are scouting for land at the moment.

However, company did not share other information about the plan and time line of the project.But capacity of the plant would be about 1.5 to 2 million bikes per annum.

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Ford to Launch the 2014 Fiesta in June

After the very well response to the Ecosport, Ford wants continue its market up gradation with the launch of new 2014 Ford Fiesta.

The company is looking forward to launch this car in to ongoing month. The car will be available only in 1.5 TDCi engine initially, that is capable of producing 91 PS of Power and 204 Nm of torque. It comes mated to a five speed manual transmission and clams to deliver 25.01 kmpl.

The car gets new Aston Martin Grille that carries oodles of chrome and a spoiler lip. Interior changes include new meter with light blue illumination, new Ford Sync system with updated and new apps, a driver air bag, ABS with EBS standard on the new Fiesta with passenger airbags available on two trims other than the base model.

Price of the car yet not revealed.

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Top 5 Hatchback Deals in June, 2014

Diwali is much far to buy a car, if you are looking for a good deal, this comes to my mind analyzing current situation in the auto industry. There is only a month remaining for new budget to come and we don't know what new government is thinking about car industry. Previous month's industry sales report shows upswing in sales, it might motivate manufacturer to discontinue its costly discounting deals. So here are some deals you might find interesting.

Fiat Grande Punto

After dissolution of partnership with Tata Motors, Fiat has shown good aggression to boost up its sales. Now, the company is coming up with Grande Punto that has been through huge changes and make product feasible enough to give tough competition to its competitors.

It has really nice grace and features this time to please its customer. Most importantly, it is coming at huge benefit of around Rs. 87,000 to 95,000. The deal includes cash discount of Rs. 15,000 + exchange bonus of Rs. 50,000 and Corporate discount of Rs. 3,000. The company also offer free insurance on all the models and benefit on price of insurance depends upon version you choose.

Volkswagen Polo

 Volkswagen is introducing first facelift of Polo hatchback in next month and it seems to be in hurry to clear the stock of existing model. So there might not be any discount after a month or a two. If you are really not determined about facelift version, you must take decision to avail ongoing discounts.

The company is offering discount up to Rs. 80,000 on its Comfort line versions and up to Rs. 50,000 on its Highline versions. The deal includes exchange bonus of Rs. 20,000 and corporate bonus of Rs. 5,000. Cash discount remains Rs. 55,000 for comforline models and Rs. 25,000 on Highline models.

Tata Indica Vista

Discounts on Tata Vista ranges from Rs. 48,654 to Rs. 55,129. The company has 7 version of car on the Indian roads, the company is offering exchange bonus of Rs. 30,000 and corporate discount of Rs. 3,000 on all the models. In addition, company offers free insurance that benefit depends on car model you choose.

Tata Vista is good reliable car, which has been widely used for taxi and hospitality industry.

Maruti Ritz

A well designed, having good space inside the car is facing drought time in sale numbers because of its own sibling new Shift and some new launches from the competitors. The company is offering huge discount of up to Rs. 53,000.

The deal includes, cash discount of Rs. 30,000, Exchange bonus of Rs. 20,000 and corporate discount of Rs. 3000.

Maruti Wagon R

One of the very successful model from Maruti, is now facing tough time when it comes to its sales number now. Buyers have number of choice to make in the same segment and even Celerio is hitting on Wagon R's share in the market.

Now, it comes with huge discounts to keep its momentum in the market. The car maker offers cash discount of Rs. 35,000 and Exchange bonus of Rs. 15,000 and Corporate bonus of Rs. 3000.

For more information about Pre-owned Car and New Carin India, visit us at CarWorld1.

News of 2015 Ford Figo Sedan Revealed !!

Ford reveals tease images of New Ford Figo Sedan, the company named it Ka+ in Brasizil, while India, it will be known as Ford Figo Sedan. The car is expected to be launched in next year. The little difference will be drawn between Ka+ and Ford Figo sedan and that will give Ford Figo Sedan a sub-four meter car status to benefit the customers from excise duty.

The concept car was showcased at Auto Expo 2014, Delhi. In production version of the car headlamps, tail lamps will be similar to the concept model. The car looks promising in the teaser images revealed. New grille and a bit sporty design adds to car look.

Other information are yet not revealed, the car can be expected to have number of instrument, and might include the company’s SYNC technology.

News of Renault Scala Travelogue Edition launched at Rs. 8.79 Lac in India

 

Renault, a French multinational vehicle manufacturer owned Renault India Scala Travelogue edition of the car for Rs. 8.79 Lac.(Ex-Showroom, Mumbai). The company currently have five models in its Indian portfolio that include Fluence, Koleos, Pulse, Duster and Scala. The company last week launched new edition of Scala, named as a Scala Travelogue. The edition will be in petrol, diesel and petrol CVT options. This the next move of the company as it just recently launched Duster Adventure edition. 

 

The car comes with Bluetooth connectivity and navigation system. Features like rear sunshade and illuminated scuff plates. It comes with offer of two years extended warranty and free roadside assistance for four years. As per Mumbai Ex-showroom, the different variants are priced as below :

• Scala Travelogue RxL Petrol – Rs. 8.79 Lac
• Scala Travelogue RxL CVT Petrol – 9.98 Lac
• Scala Travelogue RxZ CVT Petrol – 10.93
• Scala Travelogue RxL Diesel – 9.66 Lac
• Scala Travelogue RxZ Diesel – 10.60 Lac

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Tata Motors wants Customer against Fraudulent Activities under its Name

Tata Motors, longed a police complaint against the fraudulent activities are happening under its name, and fraudsters are also using Tata Motors logo to strap people in to their offer. The company said that some fraudsters are using company’s name for gathering deposits from the general public which are fake and not sponsored or promoted by the Tata Motors.

Tata clarifies that these communications are purely made with the intent to defraud the general public and that the company has not authorized any person to require any payment /cash deposit to be made.

Some common technique used by these fraudsters is to ask prospective buyers to make certain payments in exchange with the prizes or a lucky draw. There were also advertisement release that was ask viewer to identify film stars and deposit money for its registration.

Earlier few months Tata Motor was also strapped in to fraudulent HR recruitment advertisement and deposit money interview registration.

The company has advise general public not to exchange money for such fraudulent schemes which is not authorized by the company.

BMW 7 Series High Security is coming to India

BMW’s 7- Series High Security is entering in to India soon. 7 Series latest version will make its entry in to India, and will face direct competition from Mercedes M-Guard and Audi A8 Security. The car is perfect combination of luxury and safety.

It is built out of the material tested in laboratories, which are bullet resistant and construction (VPAM) in Germany. The car has 7 Series High Security with VR7 Ballistic Protection for the entire car and VR7 for non-transparent areas according to 2009 guidelines. The car includes on board firefighting system, an emergency exit system, and emergency fresh air system. It can face bullet from AK – 47, it provides protection against engine fire, fire under the vehicle and tear gas.

 

Philipp von Sahr, President, BMW India said, “The BMW 760Li High Security provides optimum safety in the individual mobility segment in combination with unparalleled comfort of travel, superior drive technology and an abundance of innovative equipment features to guarantee confident motoring at all times.”

The 7 series, 760Li has a 6.0-litre V12 petrol engine, which is capable of producing 552 PS of power and 750 Nm of maximum torque. India, will initially have High Security Long Wheel Base version and this would be first Security car from BMW in Indian market.

 

Tata shutsNano plant in Gujarat, for up to 6 weeks considering Lower Demand

Tata Motors has shut its plant at Sanand, Gujarat where it produces its small car Nano. The plant is shut because of low demand and resulting in to higher inventory on hand. The plant is expected to be closed for next 35 to 40 days.                                                                            Next, the company will start manufacturing new version of Nano, considering upcoming festival season. The plant will be made able to produce hatchback and compact sedans in time to come. One such model Kite, may enter market in 2015, to directly compete with MarutiCelerio. 

 The company was operating the plant on 2-3 working days a week over last 6 months on account of low demand. “The company has had to take some tough measures. This includes keeping the plant shut instead of pushing inventory and incurring further loss. The company has been producing 2000 to 2400 cars every month for the last 6 months, but a zero schedule for June was a surprise.”

 While company spoke person said that “As with all our plants, the Sanand facility is closed as per annual planning for routine upgrades, maintenance and adding of tooling flexibility for new variants. The period for this kind of maintenance work may vary and range from 3-6 weeks.”

 “A CNG version of Nano or the Nano with power steering did infuse some interest in the brand, with monthly retail sales improving from 1000-1500 to the current level of 2,000 to 2,500 units.” Company said. It adds "We have seen a good pick up of the new Nano Twist and we are beginning to see stronger retail sales with its repositioning as the smart city car".

Honda sells 88000 units of Amaze in a year

Honda Motors India, a subsidiary of Honda Motors had very good previous year. The company had positive sales number leading to its success of foray into diesel car segment. The company launched its first diesel car in India, Honda Amaze a compact sedan based on its small hatchback Brio.

 

A Company’s strategy of entering into diesel engine segment work for its both launches, Amaze and later Face lifted Honda City. The company sold 88000 units of its compact sedan Amaze, this can be considered as a huge success in sluggish economic time.

The Amaze provided stiff competition to all its competitors which include Maruti Swift Dzire, Hyundai Xcent. Sharing his excitement, Mr. JnaneswarSen VP Market and Sales, Honda Cars India said “Living up its positioning in the market, Honda Amaze has certainly changed many lives with one car. Honda Amaze has been a game changer in its segment and has enabled HCIL to reach out to so many new customers, bringing them into the Honda fold. It is Honda’s constant endeavor to provide freshness to our products and create excitement in the market.”

At another point of time, Honda is planning increasing its distribution network for the success of its upcoming launches Mobilio and new Jazz. Honda currently has network of 172 showrooms in 109 cities.

Get More detail on Hyundai Motor Business Plan, Mergers, Market acquisition please visit here or rush at CarWorld1.

Used Car in India

Auto Industry have faced more than 2 years of slowdown period, now under the regime of new government people expect our economy to come on the track and hope that it will give positive signals to auto industry too. Auto players are planning more and more launches including facelifts and upgraded models that might help them to get a bit more portion of industry market share.

In a mean time, used car industry is performing at its best, even in the recent years of sluggish car demand used car industry has shown positive growth rate. Let me explain you the reason behind such move. Since the introduction of first car in India, The people of middle class and upper middle class has been choosing this option to own new car, and there were many reasons for the same.

• The car was not so essential to everyone
• People who have resource, were using it as a mean of luxury
• Belief and culture was playing a little role in not using used car
• Fear of early repairs and more expenses and so on…

Though, considering recent decade, we show some of the cars that remained bestselling used cars in India and that include Hyundai Santro, Hyundai i10, Maruti Swift, Maruti Alto, Chevrolet Spark, Tata Indica, Honda City. Below chart shows used car industry numbers so far and it’s increasing importance in upcoming time.

The year 2010 report shows that the Indian used car industry possesses a significant potential, with overall market expected to grow at a CAGR of around 22% during 2011-2014 to reach 3.9 Million Units by 2014-end. And CRISIL report has expected that used car market will reach to 8 million units by 2016-17 and in value term around Rs. 1.5 trillion.

The report also mention the reason such as increasing number of organized players, availability of loan, immediately changing preferences. The United State being a biggest used car market in the world, used car sales was around 40 million used car in 2012 while China’s number was around 4.8 million cars.

In India market, the tremendous change is under process, increasing influence of organized and giant players as well as online portals. They are successful in attracting eyes of people in the urban areas.Organized dealers such as Mahindra First Choice, Tata Motors Assured, Maruti True Value, Hyundai Advantage, Chevrolet – OK, and BMW Premium are strengthening their presence. The change in a scenario is shown in the below chart :

There are many online portals such as CarWorld1, Carwale, Cardekho, Cartrade and Olx. Now these players are also playing a vital role in developing used car market for buyers who have internet accessibility.

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