Indian Commercial vehicles’ market still remains formidable to China
In the last year or so, the ascendance of Chinese economic power has been near total, an even more remarkable development when viewed against much of the world struggling to clamber out of a recession.
China vaulted past the US to become the world’s biggest automobile market, toppled Germany as the biggest exporter of manufactured goods and is poised to become the world’s second-largest economy by nudging out Japan. But it will have to relinquish bragging rights to India in one sector: the commercial vehicles market.
Sales of commercial vehicles in India rose 77% in the first five months of 2010 from a year ago, thanks to a voracious demand from the fast-growing freight market, overshadowing a 60% surge in China. India posted a better-than-expected GDP growth of 8.6% in the quarter to end-March and is forecast by IMF to grow as much as 9.5% this year.
India’s economic surge cialis how it works has resulted in an increased demand for bulk transport of commodities, which, in turn, is driving the freight market, valued at more than Rs 3 lakh crore and growing at nearly 20% a year. China still is the world’s largest truck market, with almost every second medium-duty and heavy-duty commercial vehicle finding a buyer.
China also sold more than 30.41 lakh units in the first five months, compared to India’s 1.23 lakh units. Nearly 8.67 lakh trucks were sold in China in the past year while 5.31 lakh Indian trucks went to a buyer. Daimler, the world’s largest truck maker, will launch its fully-built trucks in acomplia weight loss pill India next year. Likewise, easy financing and increased spending on infrastructure, which propelled the market’s leap in recent months, are expected to continue.
All these factors are expected to help India cling to at least one economic triumph over China.
Source:[EconomicTimes]
Vehicle sales in India continue to rise
Vehicle sales in India rose more than 31 percent in June, nearly matching the jump from the month before, and an industry group said it expected the trend to continue.
Car sales rose nearly 31 percent to 141,184 vehicles last month, while commercial vehicles jumped more than 44 percent to 52,211 vehicles, according to data released Thursday by the Society of Indian Automobile Manufacturers, an industry body that represents over 40 vehicle manufacturers in India.
In June, the company sold 7,704 units of the Nano. It sold 3,550 units of the small car in May. The company has indicated that a capacity of one lakh units may be added to the Nano plant, if demand arises.The Mumbai-based company is already the rimonabant kaufen market leader in the commercial vehicle segment with sales growing 38 per cent in 2009-10 to 3.22 lakh units
Tata Motors has emerged as the second largest passenger vehicle maker in the country behind Maruti Suzuki, according to domestic sales records for the first quarter.
India’s rapidly recovering economy has encouraged buyers. From 2003-2008, economic growth averaged 8.8 percent a year, before slumping as the global recession roiled the economy. Since then, growth has recovered to nearly pre-recession levels, hitting 7.4 percent in the fiscal year that ended March. Overall vehicle sales were up more than 31 percent to 1.2 million vehicles, compared with 917, 645 in June 2009, the data showed. The organization also said that car sales for the fiscal year that cialis vs generic cialis began April 1 were likely to touch 1.7 million, a growth of more than 12 percent.
Source:[msn,The Hindu Businessline]
Renault-Nissan, Bajaj Auto sign pact for new car
Renault-Nissan Alliance has signed an accord with Bajaj cialis 20 mg cost Auto for making a new car for the Indian and other emerging markets.
Bajaj-Renault are already making an ultra-low cost car, which it plans to launch in 2012. Bajaj Auto, India’s second-largest motorcycle maker makes Pulsar and Discover motorcycles as well as three-wheelers.
Automobile sales in India grew by 31.42 per cent during June, benefiting from favorable macro economic conditions and new models buy acomplia in usa launches across categories, including cars, two-wheelers and commercial vehicles. There were eight new models and 11 facelifts during the first quarter of the fiscal that helped boost sales in June.
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Source: [Economic Times India Times]
Can the Auto Sales Growth rate keep rising?
Tata Motors and Hero Honda reported robust sales. Mahindra & Mahindra and Maruti also showed encouraging growth. What’s driving this continued appetite for vehicles in India?.
Analysts say it’s a combination of factors. The economy, job outlook and bank financing have improved. Industry watchers say demand will continue to remain robust for the remainder of the year till March 31, 2011, though sales may slow down in July as purchases tend to dip during the monsoon season. “The demand in the economy across segments continues to be stronger. With the expectations of a normal monsoon and festive season coming ahead, we expect auto sales to achieve new highs in fiscal 2011,” said Mumbai-based Shares and Securities analyst, K.R. Choksey. But some are skeptical about the pace of growth sustaining over a longer period. The recent hike in fuel prices and indications of price increases by auto makers coupled with rising inflation has raised expectations that the central bank will increase interest rates in its quarterly monetary policy meeting due later this month.
For now the auto industry is beaming and Tata Motors has the broadest smile. Tata Motors, India’s largest auto maker by revenue, cheapest generic cialis stood apart with its stellar performance, driven mainly by a surge in the number of passenger cars sold. The maker of the Nano minicar reported a 49% jump in June sales from a year earlier, while sales of passenger cars and utility vehicles soared 63%. Tata Motors in June also surpassed Hyundai Motor India to become the No. 2 player in the passenger car market after Maruti, supported by new launches and brand acomplia the commissioning of its Sanand plant in Ahmedabad. Last month, the plant began production of Nano, the cheapest car in the world.
Source: [Blogs Wsj]
Volkswagen’s India Plan
Volkswagen is all set to launch an all-new sedan, “the Vento”, later this year. Will this go the way of the “Phaeton” which fell short of expectations?
The high-end luxury car, the Phaeton was launched in India but sales fell short of expectations. But so keen is Volkswagen to make the Phaeton acomplia order online work in India that it has taken the car back to the drawing board. The Venton is the result with LED daytime running lights, 18-inch wheels, a new dashboard, 18-way adjustable seats, better upholstery and even new air-conditioning to suit the Indian climate. It will be manufactured at Volkswagen’s factory at Chakan in Pune, and has been branded cialis drugstore completely designed to the needs and expectations of the Indian consumer. It fits petrol as well as diesel engines into its cars. Its factory at Chakan, put up at a cost of Rs 3,200 crore, can make 110,000 cars in a year. Those who have seen the factory say this capacity can easily be doubled because of the modular nature of the plant.
India is vital for Volkswagen’s plan to become the world’s largest car maker by 2018. Automobile analysts expect Volkswagen to use in India, its experience in China which involved aggressive price tags and high-decibel advertisements. Volkswagen’s strength lies in the mass market. Its name, after all, means people’s car in German. Its presence in India can no longer be dismissed, admit some rivals.
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Source: [BS Motoring]
Auto industry records highest sales for May
The Indian auto industry sold 12, 08,851 units last month, a record sale for the month of May, fuelled by an improved economy and an increase in consumer spending. The 30 per cent rise in sales is in contrast to the usual trend of lower volumes in May.
“Last month’s figures were the best ever sales for the month of May in almost all categories… Our economy is growing very rapidly. The per capita income has almost touched USD 1,000 and that’s a magical figure, which is the threshold for automobile demand,” said Society of Indian Automobile Manufacturers (SIAM), Director General, Vishnu Mathur. Besides, other factors like stable interest rates and easy availability of finance have also spurred the sales. However, he cautioned that sales may be affected if the monsoon, acomplia diet pills which the Met department has predicted to be good this year, becomes weak. Rising inflation is another concern.
SIAM puts domestic car sales of previous month at 1, 48,481 units, against 1, 13,810 units sold in May last year. Car market leader Maruti Suzuki sold 76,120 units in May, a figure higher by 21.06 percent while rival Hyundai Motor India’s sales grew by 15.53 per cent. Similarly, Tata Motors’ sales also jumped to 18,618 units, which was 45.02 per cent higher than last year.
Source: propecia young men [Indian Express]
Indian Automobile Industry Geared for a Massive £30 Billion Investment Spread Over the Next 4 Years
Automakers in India are planning an estimated at £30 billion investment to be spread over the next four years. Daimler, Maruti Suzuki and Mahindra will lead this massive investment in a bid to satisfy the ever growing demand in India, the fastest, second growing economy globally after China.
Global automakers experiencing acomplia pills a lull in their growth in existing markets are planning to invest in burgeoning economies, such as India’s, with increased demand as investment spending and the government’s social programmes increase incomes and more people are able to invest in automobiles both in the small cities and the rural areas. Subsequently, these automakers’ investment is expected to oversee the expansion of capacities by component suppliers as well like Amtek Auto and Bharat Forge in the country.
The automobile industry’s Automotive Mission Plan is a 10 year blueprint courtesy of the Indian government, made in 2006, and is aimed at making the country an automobile hub, raising the industry’s GDP contribution to 10% from the existing 5%, and providing surplus employment opportunities for about 25 million people. On propecia problems the other hand, domestic passenger car sales went up 40% in April 2010, in spite of increases in prices, and as a result, manufacturers such as Volkswagen and Renault have quickened their investments plans for growth.
In this investment, Daimler India Commercial Vehicles plans an investment of Rs 4,400 crore over a five year period in the manufacture of light, medium and heavy duty trucks at its plant in Oragadam while Tata Motors, the renowned Nano maker, plans an investment of around Rs 8,000 crore. Toyota will construct a second plant at its Bidali complex in Karnataka in an investment worth RS 3,200 crore for the manufacture of the Etios, with its two varieties, the sedan and the hatchback. Hero Honda, the biggest motorcycle maker and Ashok Leyland-Nissan are also planning new factories.
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Source: [World Book & News]
Tata Nano and its growing market size all over
Tata Motors Ltd., maker of the world’s cheapest car, opened a plant for the $2,500 Nano model that will boost output amid rising demand for automobiles in the south Asian nation.
The factory in Sanand, in the western Indian state of Gujarat, will have initial capacity to build 250,000 Nanos a year, which might help Tata clear a backlog of orders for the Nano as it seeks to win customers from Maruti Suzuki India acomplia how can i get propecia no rx Ltd. and Hyundai Motor Co., the country’s two largest carmakers. Tata Motors received 206,703 Nano orders in the initial sales period in April 2009 and chose the first 100,000 customers for the 624-cc model by lottery. That car, with one windshield wiper and no radio or air conditioning at the entry level, sells for 123,360 rupees ($2,615) in New Delhi.
Indians may buy as many as 1 million low-cost cars a year by 2016, according to CSM Worldwide Inc. Tata, also owner of the Jaguar Land Rover luxury brands, can account for at least half of that market with its first-mover advantage according to trade analysts.
Alongside in the running are Nissan Motor Co., Renault and Bajaj Auto Ltd. who are jointly developing a $3,000 car for showrooms in 2012. The car, one year behind schedule, would be produced at a plant in the western Indian state of Maharashtra with capacity to produce 400,000 vehicles. Also,General Motors may use its Chinese associations to launch a rival for Tata Nano in India.The US carmaker believes its joint venture with Shanghai Automotive Industry Corporation (SAIC), one of the top three automakers in China, will help it introduce a car to compete with the world’s cheapest car at Rs 1 lakh.GM’s small cars already in India such as Chevrolet Beat, Spark and Aveo are designed in South Korea, at erstwhile Daewoo Motors.
Tata Nano, the world’s cheapest car made by India’s Tata Motors, is set to drive in to Taiwan, a manufacturing hub of iPods and green technologies, later this year.Taiwan, the self-ruled democratic island claimed by China, boasts of $17,000 per capita income, but has a burgeoning middle class that is stuck to scooters and want now to move on to economy cars.
Tata Motors is eying a global market and planning a new model for the European market to satisfy its stringent emission standards.If the cars cannot be customized in India for Taiwan’s market, they will have to be modified in Taiwan after being delivered.
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Source: [Business Week]