General Motor Launches Spark Limited Edition

General Motors India, yesterday launched limited edition Spark, which is entry level car from the company. The company under is brand name Chevrolet Spark has done well in the Indian market, but failed to compete with Hyundai and Maruti Suzuki.

The company yesterday launched limited edition Spark to attract low to medium budget customer pricing it at Rs. 3.99 Lac, ex-showroom, Delhi. The new edition will have new features such as outside rear-view mirrors with integrated turn signals etc, it will be priced between 3.44 to 3.99 lac Ex-showroom, Delhi.

The car mechanical features include 1-litre petrol engine. The company is targeting first time buyer with the launch of this car. “With the launch of another limited edition model with more features, GM India has sought to exceed the expectations of its customers.” GM India President said.

The company is offering a standard company warranty of three years or 100000 km on the limited edition car. It also provide standard three year 24/7 free roadside assistance program.

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Nissan considering Navara based SUV for India

The Nissan India, is planning to launch a new Navara SUV, with huge expectation from the Indian market. The company released a new video online that gives a glimpse of Navara which is expected to be unveiled soon.

Now, the car maker could be considering India too while introducing a new Nissan Navara platform. It is the seven-seater car that will be directly competing with existing cars such as Toyota Fortuner, Ford Endeavor.

Talking about its all new SUV, Andy Palmer, Chief Planning Officer, Nissan Global said that he wouldn’t rule out an SUV based on the new Nissan Navara. He added that an SUV model and a pick-up vehicle have common traits like having good durability, reliability and quality.

Even newly appointed Chairman of Nissan (India, Middle East, Africa), Takashi Hata said that “He believes SUVs can help the company make a mark in India. Especially since Nissan is one the most successful SUV maker the world over.”

Currently, Nissan India’s current SUV portfolio consist of only one car Nissan Terrano, earlier X-trail was there to accompanying Terrano, but it discontinued this year, now new generation X-trail can be launched soon.

Nissan could bring a full size seven seater sedan SUV to share rapidly growing SUV segment of Indian market, but let us see the new offering will be SUV Nissan Navara based or something else.

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Maruti Suzuki Delegation meets Gujarat CM over its New Plant Technical Problems

On Wednesday, Gujarat Government advised Maruti Suzuki India to get clarification about the legal and technical glitches that may arise in two company model proposed by the Suzuki. The Suzuki is looking forward to have its own wholly owned subsidiary for the new production plant, which will sell produced cars to Maruti Suzuki India Ltd.

The company will make Rs. 4000 crore investment towards the facility, and this meeting was intended to get clarification about possible legal issues in future. Mr. Bhargava, Chairman, MSIL, said that “We briefed the state about the two-company model and assured that our investment plans for the state remain intact.”

In June, 2012 the company signed a state support agreement with Gujarat Government for purchase of land and setting up a plant. In January, 2014 MSIL board approved a plan in which the proposed plant will be built by new subsidiary of Suzuki Motor, Suzuki Motor Gujarat ltd.

The concern between government and company arise about VAT refunds in the two-company model relating to production and sales of produced units. As per the original plan, MSIL was both producer and seller. However, Mr. Bhargava said that, “The state has assured us that it is committed to the project.”

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Numbers Show declined of Sales per Manufacturer about 8.6 % in last 3 years

Except one previous month sales results, auto industry in last 3 years have experienced a huge fell in sales and though profitability. The companies are pitted slower sales and lower margin continuously. Buyer’s sentiment went all time low in past decade and almost each company had to face declining sales problem. Few companies tried kept its sale in line by introducing new models.

A study by Frost and Sullivan on behalf of Federation of Automobile Dealers Association found that “Sales volumes per manufacturer have declined by 8.6 per cent in the span of last three years; this trend of declining sales per manufacturer has been observed for the first time in last decade.”

The study aimed at presenting competitive analysis of best OEM practice for passenger vehicle retail in the country that gives possible recommendation for improvement for future business sustainability. The report says that new dealer in the industry found more difficulties to establish because lower margin and low sale kept them away from the breakeven point. It indicates overall revenue of dealers declined or improved marginally within previous two years.

On other hand, they also faced depressed profit margin because of increase in interest payments, rentals, manpower wage and huge marketing costs. So profit margin became too much stretched during this period.

While for the dealers who are well established and owns their own showroom premise successfully withstand the situation. They were able to maintain fluency of business somewhat better than those of new entrance.

But keeping these all things aside, let us hope of positive numbers which has already given the glimpse of changing trend in previous month sales results.

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Tata Motors goes online for its Tata Safari Storme Merchandise

Indian Auto Major, Tata Motor has seen continues decline in its sales, market share is declining, people are moving ahead with Tata brands and more importantly players like Hyundai and Honda has over taken Tata in sales numbers.

The company is required work on building and refreshing its brand name but now time has moved ahead that already and the company seem to be understood it well. They are not leaving any point that increase consumer interaction and communication.

Currently, Tata Motors has tied up with eBay India to sell its branded merchandise of its sports utility vehicle Tata Safari Storme online. The company wants more and more engagement with customers. Commenting on the news Mr. DelnaAvari, Marketing Communication Head, Tata Motors said that “We at Tata Motors, through our association with eBay India, will sell branded Safari Storme merchandise on our brand store on the eBay India site.”

The decision of adding Safari Merchandise online after the success of Tata Nano store in the eBay India. Now company will add one more product to the portfolio hoping for more convenient to its online customers.

Now, being online Tata Safari Merchandise can be ordered from any cities, towns of villages but lack of infrastructure will restrict consumer base up to cities and towns only. The online brands will include key-chains, trekking bags, t-shirt, camping swiss knives, magnetic compass etc.

Honda eyes to double its parts sourcing from India

Japanese car makes Honda is planning to nearly double its parts sourcing including engine parts, from India to over Rs. 800 crore during the 2014-15. The company’s wholly owned subsidiary Honda Cars India Ltd is also planning to double export of vehicles from the country.

The company is looking forward to make India as a manufacturing destination and will export its car to countries like Nepal, Bhutan and South Africa. HCIL exports different components which include Crank shaft, cylinder head and transmission. Its Tapukara plant in Rajastan is destination which provide components to subsidiaries of Honda in markets such as South East Asia, Latin America, and the UK.

Mr. JnaneswarSen, said PTI that “We are targeting to increase our component exports and it will be nearly doubled. It will cross Rs 800 crore during the current fiscal.”

Mr. Shigeru Yamazaki, HCIL Senior Vice President and Director - Sales and Marketing said: "We are looking to double car exports from India during this financial year. It should cross 10,000 units in 2014-15.

So far the company was exporting only Brio and Amaze Sedan, but now it looking forward to start selling Honda City, and upcoming Mobilio also joint the list in the future. But Mobilio will first focused on Indian market only, later it will be exported depending upon domestic demand.

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Toyota Kirloskar Motor Sales Rise 6 % in May, 14

Toyota Kirloskar Motor, a tie of Indian and Japanese auto maker has done well in the month of May this year. Coming out of declining sales era, the company has registered 18 percent sales growth selling 13,230 units compare to same period in previous year where it sold 12,502 units.

 

The company domestically sold 11,833 units registering 18 percent sales growth in comparison to corresponding period previous year where it sold 10,023 units. During the May 2014, the company exported 1397 units of Etios.

Now reverting the answer to sales numbers, Mr. N Raja, Senior VP Sales and Marketing said that, “We have resumed normalcy in production and have registered growth in May. We launched Etios Cross and the All New Corolla Altis, last month,” and “We have received a very good response for the new launches and would like to thank customers for their appreciation. We started dispatching new models in May. We registered sales of 555 units and 548 units of Etios Cross and Corolla Altis, respectively.”