India has for long been billed as a small-car sourcing hub for the world, though it was struggling to live up to that expectation even half way through this decade. But when Europe introduced the ‘scrappage’ schemes, exports moved to a higher gear. Today, India exports one car for every four sold in the country.
About 450,000 small cars, including Hyundai’s i10, i20 and Santro, and Maruti Suzuki’s A-star, rode through them, out of India, across the seas and into European markets.
Top 6 models that has been Shipped out of India Are:
- Hyundai Santro:
Launched: September 1998
Exported since: 1999
Export numbers: 4,94,466 units
Exported since: 1999
Export numbers: 4,94,466 units
2.Hyundai i-20
Launched: December 2008
Exported since: December 2008
Export numbers: 1,69,788 units
Exported since: December 2008
Export numbers: 1,69,788 units
3.Nissan Micra:
Launched: July 2010
Exported since: October 2010
Export numbers: 15,000 units
4.Ford Figo
5.Maruti Suzuki A-star
Export Destinations: 100 countries
Launched: November 2008
Exported since: Jan 2009
Export numbers: 2,12,000 units
Launched: November 2008
Exported since: Jan 2009
Export numbers: 2,12,000 units
6.Hyundai i-10
Export Destinations: 117 countries
Launched: October 2007
Exported since: October 2007
Export numbers: 3,82,217 units
Launched: October 2007
Exported since: October 2007
Export numbers: 3,82,217 units
For More Information :Click Here
Mahindra Two Wheelers reported its best monthly sales of 16,569 scooters in September, a whopping 451% increase year-on-year.
The Mumbai-based auto major recently made its debut in the motorcycle segment with two models, Stallio and Mojo, and roped in film star Aamir Khan as its brand ambassador.
The $76.1-billion Mahindra & Mahindra group-owned company sold 1.5 lakh units in the last 12 months, riding on the back of its ‘powerscooter strategy’ targeting youth with its peppy looks and 125cc power engine. The company now looks to consolidate its position in the two-wheeler segment with its newly- launched motorcycles, said Anoop Mathur, president of the two-wheeler segment and member of group executive board of M&M.
Nissan Motor Co. showed the new gas-electric hybrid, called Fuga in Japan, at its headquarters in Yokohama, southwest of Tokyo.
The hybrid goes on sale in Japan Nov. 2, starting at nearly 5.8 million yen ($72,000) - more expensive than the regular gasoline version which starts at about 4.3 million yen ($53,000).
It is planned for sale in the US early next year and also for Europe, although that date was not disclosed. Nissan is targeting sales of 200 vehicles a month in Japan.
Mileage is estimated at 19 kilometers a litre (45 miles per gallon) under Japanese test-driving conditions, about double the comparable gas-engine vehicle. Mileage for the US is still undecided, according to Nissan.
Mileage is estimated at 19 kilometers a litre (45 miles per gallon) under Japanese test-driving conditions, about double the comparable gas-engine vehicle. Mileage for the US is still undecided, according to Nissan.
One of the world's most famous James Bond cars, the specially equipped Aston Martin first driven by Sean Connery in ``Goldfinger'', will be auctioned in London on Wednesday evening, and it's likely to fetch one of the highest prices ever paid for an automobile.
The unique car, which also has rotating license plates and other spy gear, is expected to go for more than 3.5 million pounds ($5.5 million).
The silver Aston Martin DB5 coupe was used by Connery to elude various villains in both ``Goldfinger'' and ``Thunderball'', generally regarded as early classics in Hollywood's longest running and most successful film franchise.
It is closely associated with the Connery-era Bond films, often preferred by aficionados, who rate him above George Lazenby, Roger Moore, Timothy Dalton and the current 007, Daniel Craig.
News By ET
The country's largest car maker Maruti Suzuki India is planning to ramp up its service centres by a massive 1,500 outlets by 2015 in line with its expansion of production capacity to over 17 lakh units annually.
This enhancement is expected to result in additional employment of about 22,000 people by the service network operators.
This enhancement is expected to result in additional employment of about 22,000 people by the service network operators.
The company currently has 2,784 service points and it is planning to increase it to over 4,200 outlets in the next five years, a jump of more than 50 per cent.
Last month, MSI had announced to invest about Rs 1,925 crore to set up a third plant with an installed capacity of 2.5 lakh units inside the Manesar facility. Currently, it is investing Rs 1,700 crore on a second plant at Manesar, having an annual capacity of 2.5 lakh units.
With completion of both the new units, the total output from MSI will be at 17.5 lakh units.
As per the company's network expansion plan, MSI will add the new outlets in over 1,300 cities and small towns with an aim to provide car servicing facility for every 25 km across the country.
MSI's service network currently handles a load of 11.8 lakh cars every month and it is expecting it to grow to 14.5- 15.0 lakh units by 2015.
Last month, MSI had announced to invest about Rs 1,925 crore to set up a third plant with an installed capacity of 2.5 lakh units inside the Manesar facility. Currently, it is investing Rs 1,700 crore on a second plant at Manesar, having an annual capacity of 2.5 lakh units.
With completion of both the new units, the total output from MSI will be at 17.5 lakh units.
As per the company's network expansion plan, MSI will add the new outlets in over 1,300 cities and small towns with an aim to provide car servicing facility for every 25 km across the country.
MSI's service network currently handles a load of 11.8 lakh cars every month and it is expecting it to grow to 14.5- 15.0 lakh units by 2015.
Resources By ET
Tata Motors-owned Jaguar Land Rover launched the armoured range of its Range Rover and Discovery sports utility vehicles, with indicative prices of Rs 4.75 crore and Rs 3.75 crore respectively.
The company is also looking at launching the armoured version of Jaguar XJ sedan, which could be priced around Rs 5.5 crore.
Globally, the armoured vehicles market is estimated to be around 15,000 units annually but in India it is at a very nascent stage.
The price of the vehicles could vary but the Range Rover and Discovery sports utility vehicles will have indicative prices of Rs 4.75 crore and Rs 3.75 crore respectively.
This is in contrast to the price of normal Range Rover, which costs Rs 1.06 crore and Discovery that is pegged at Rs 63 lakh (ex-showroom Delhi).
This is in contrast to the price of normal Range Rover, which costs Rs 1.06 crore and Discovery that is pegged at Rs 63 lakh (ex-showroom Delhi).
News By ET
The family led by B M Munjal and his sons, owners of the Indian promoter's stake in Hero Honda, will be officially known as the Hero Group, following the division of the $4.2 billion group.
In June, the diversified group was divided on a simple principle of ending the numerous cross holdings between the families of B M Munjal and his three brothers - O P Munjal, Satyanand Munjal and Late Dayanand Munjal.
According to sources, as part of a family settlement, the rights of the Hero Group went to the B M Munjal family. However, existing businesses belonging to the families of his three brothers would be allowed to retain the Hero brand.
After the settlement, Hero Honda, Hero Corporate Services , Rockman Cycles Industries , Hero Mindmine Institute, Easy Bill and Hero Management Service have gone to family of B M Munjal.
While other entities such as Hero Cycles, Hero Motors and Munjal Sales Corporation went to O P Munjal, the members of late Dayanand Munjal, represented by his son Vijay Munjal are now the owners of Hero Exports, Hero Electric, Hero Cycles (Unit II) and Sunbeam Auto.
Satyanand Munjal's family got Munjal Showa, Munjal Auto, Highway Industries, Majestic Auto and Satyam Autotech.
The Hero group, which officially came into existence in 1956, had started its activities in early 1940s as a bicycle maker by the four brothers.
The group currently has over 20 firms, most of which are related to two-wheeler industry.
In June, the diversified group was divided on a simple principle of ending the numerous cross holdings between the families of B M Munjal and his three brothers - O P Munjal, Satyanand Munjal and Late Dayanand Munjal.
According to sources, as part of a family settlement, the rights of the Hero Group went to the B M Munjal family. However, existing businesses belonging to the families of his three brothers would be allowed to retain the Hero brand.
After the settlement, Hero Honda, Hero Corporate Services , Rockman Cycles Industries , Hero Mindmine Institute, Easy Bill and Hero Management Service have gone to family of B M Munjal.
While other entities such as Hero Cycles, Hero Motors and Munjal Sales Corporation went to O P Munjal, the members of late Dayanand Munjal, represented by his son Vijay Munjal are now the owners of Hero Exports, Hero Electric, Hero Cycles (Unit II) and Sunbeam Auto.
Satyanand Munjal's family got Munjal Showa, Munjal Auto, Highway Industries, Majestic Auto and Satyam Autotech.
The Hero group, which officially came into existence in 1956, had started its activities in early 1940s as a bicycle maker by the four brothers.
The group currently has over 20 firms, most of which are related to two-wheeler industry.
Reported by ET