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.

About Carworld1.com :

Carworld1.com is among the fastest growing online portal, which provides extensive service to the potential car buyer. We have many number of business partners which enable us to provide speedy and best service to our customer.

An Insight into Used Cars in India

How many cars on roads are new cars? Well, the query is challenging but the response is very simple. Almost 100% cars on roads are used cars. That’s because, once a car is driven off from the dealership store, it drops its value. Maintaining the market situation into account, used cars in India have won the race over new cars. That’s why I choose them over new ones. That’s why I prefer them over new ones. Let me discuss some tips on the purchase of used cars in India with referrals to my recent experience in the same.

Decide your budget

Once you have decided to buy a used car, decide your budget. In situation of purchasing a pre-owned car, it is not necessary that you need money for just purchasing it. There are possibilities that you may have to spend some extra amount on its repairs. So, include such expenses in your budget.

Market Research

After getting sort your budget, do a analysis on what all options are available in the market for used cars. You can also get associated with some companies that offers used vehicles. For my second hand car, I go online at CarWorld1 . It was an extremely satisfying experience in every aspect.

Check condition and price

While choosing your second hand car in India, make sure that it is in an apt situation to drive on roads. Also, check its price as per the industry pattern. Do not arrive at a decision before being sure about every aspect, so that you don’t regret in future.

News of Hyundai unveils two sedans in South Korea

South Korean Car maker, Hyundai has unveiled two sedan at the 2014 Busan International Motor Show. The launches include facelifted version of Grandeur Luxury sedan and the exterior of all new flagship sedan ‘AG’.

The new Grandeur sedan is now comes with upgraded powertrain and some cosmetic changes. It is 10 mm longer than its predecessor, has new front, and rear bumper, a new more attractive grille and LED fog lamps.

Interior includes new HVAC (Heating, Ventilation, Air-conditioning) control and all new eight-inch navigation screen.

Mechanical changes include, it will be available in both petrol and diesel fuel option. A 2.2-litre R oil-burner produces 20 PS of power and a maximum torque of 450 Nm. The new Grandeur gets front wheel drive system and variable geo-metry turbocharge.

The car has also care car about safety, considering features like Blind Spot Detection, Front Collision Warning System, Lane Departure Warning System and advanced smart parking assist system.

While the company has just raveled exterior of all new AG. From the design point of view the car follows Fluid concept, it enjoys pretty long size, large fog lamps with LED day time running lights and super hexagonal shaped chrome grille. Other information of the car is expected to be unveil in coming months.

Hyundai used car business becomes 'H-Promise' in India

Hyundai's used car business, formerly known as Hyundai Advantage, will now fall under its international H-Promise division.

Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer unified its used-car business under the brand name “H-PROMISE” globally. Formerly known as “Hyundai Advantage”, H-Promise will be an integrated program which will provide one stop solution to the needs of replacement customers. 

Commenting on this occasion, B S Seo, MD & CEO, HMIL, said, “With a strong customer base and a robust network established in the market, we are delighted to bring our used car business under the globally acclaimed H-Promise. H-Promise will be a unified brand that will offer our commitment for customer-oriented service and strive for customer satisfaction." 

Benefits for Used Car Buyers: 
• Hyundai backed warranty for 1 year OR 20,000 Kms (Whichever earlier)
• 2 free services • Certified by Hyundai 
• Cars refurbished with Hyundai Genuine Parts 
• Non Accidental Cars (No Structural Damage) Under the new initiative, 

H-Promise offers a probe for “up gradation to a bigger car @ lower EMI”. Hyundai Motor India has also revamped its used car website (http://hpromise.hyundai.co.in), which gives customers an online platform for buying, selling & exchange of used cars. Hyundai Motor India currently maintains 335 operational dealers in 225 locations across India. 

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Tata Bolt AMT to be India’s Cheapest Diesel Automatic

Today Indian roads have cheapest AMT from Hyundai Verna, it comes around Rs. 11 Lac. Now Tata Motors have all set to charge market with its two new generation all new cars Zest and Bolt. The bolt will come with diesel engine and AMT gearbox set up, and expected to be cheapest AMT Diesel car.

 

The car was showcased in 2014 Auto Expo and has been advertised extensively. Though much information is not available so far but it is expected to come with 1.3-litre quadrajet diesel engine which is earlier used in Tata Vista and Manza.

The MagnetiMarelli, Fiat made AMT setup will replace the manual gearbox, with diesel engine having capacity of maximum power of 75 PS. It might be followed by more powerful version of 90 PS of maximum power.

Unlike CVTs or dual-clutch automatic gearbox, in the case of AMTs, a conventional manual gearbox hooked up to a set of electronic actuators is used. These actuators are further controlled by hydraulic electro-valves. In addition, the technology is said to be capable of offering fuel efficiency gains.

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