Volvo, the Swedish luxury automobile manufacturer is looking forward to again venture in the domestic auto market by introducing Volvo S60 the premium saloon here. Volvo, the wholly owned enterprise by the Zhejiang Geely Holding Group is expected to launch the premium sedan in the first quarter of 2011. Volvo, in the wake of expanding its portfolio in the domestic auto market in 2010, brought Volvo XC60, the super premium luxury crossover in the Indian auto market which gained accolade for its craftsmanship.
Maruti Kizashi, the much anticipated and hoped car from Maruti Suzuki India is all set to mark the company's footprints in premier car segment. Maruti Kizashi is going to be first luxury barge from India's top small car manufacturer Maruti Suzuki.
Currently, the luxury sedan will be shipped as a completely built unit from its parent company Suzuki's home ground Japan. The car is being introduced to compete with cars such as Toyota Camry, Honda City, Volkswagen Jetta, Honda Civic, Toyota Corolla. Though the exact price has not been revealed as yet, the car covers a price bandwagon of 12 to 26 lac thus covering cars like Honda Accord, Honda Civic, Toyota Camry and Toyota Corolla. The model will help the small car expert to taste luxury segment and identify probable opportunities and threats lined up for the company.
The Indian car market is attracting a number of foreign manufacturers, the Malaysian national car maker Proton Holdings Bhd is one of them. The company is soon going to tie up with Hindustan Motors (HM) to assemble cars for them under a contract manufacturing agreement.
The season of new launches is all set to kick start with the launch of the all new sedan Maruti Kizashi. The country’s biggest carmakers will foray into the luxury sedan segment with the new Maruti SuzukiKizashi. The car will be launche don the second of the next month and will be brought into the Indian market as a completely built unit (CBU). This will be Maruti’s most expensive vehicle after the Maruti SX4 sedan.
Toyota Motors introduced its much awaited sedan Toyota Etios last month and has won the hearts many. Toyota brought Toyota Etios after thoroughly scrutinizing the Indian auto market and the potential it holds. The good news for the company is that it has hit the bulls eye with this car which can be seen from the customers reaction after they visited the showrooms where the sedan has been displayed.
Taking a keen look at Toyota Etios one of the customers exhibits great enthusiasm and praises it boot space. He adds that Toyota Etios is a breath of fresh air and offer something and unique in terms of its pricing and looks.
The last year was a special year in the history of the Indian car market. More than a dozen launches and upgrades kept the sales figures sky high and attracted more and more global players to Indian shores.
It looks like the New Year is going to continue the trend. One of the leading carmakers in the country General Motors India, announced its plan to launch six new cars in the country in a span of two years. The company also has intentions of investing $100 million (about Rs 450 crore) to increase production capacity at its Halol plant in Gujarat. The company offers models like Chevrolet Spark, Chevrolet Beat, Chevrolet Cruze, Chevrolet Captiva et al.
Maruti Kizashi, the premium saloon from Maruti Suzuki India has set the stage for the launch of its much awaited car. The Indian makers have geared up in against the rivals and are ready to repeat the success story it has achieved in the small car segment. It is expected that the most expensive car for the makers Maruti Kizashi will enter the Indian shores by the end of January 2011. The latest premium wagon from Maruti Suzuki India is pitching against the already established cars in the domestic auto market they are Toyota Corolla Altis, Honda Civic, Chevrolet Cruze, Volkswagen Passat and Volkswagen Jetta.
A number of new cars made it to the showrooms across barnds and segments last year. What is encouraging is that a significant number of those were driven home by a number of potential car buyers in the country. This translated into a growth in automobile sales by 31 per cent to touch a record high of 14.82 million units.
In the wake of this robust growth one of the country’s biggest car-makers Maruti Suzuki India is likely to manufacture 1.2 million vehicles in the current fiscal. Maruti Suzuki Managing Executive I V Rao was quoted in the press saying, “We are looking at producing 1.2 million vehicles in FY'11, as compared to 1 million vehicles produced in FY'10. Following the productivity improvement, we are now manufacturing 1 lakh vehicles per month for the last five months.”
The Indian automobile industry is growing at a rapid pace quarter after quarter. The industry is posting double digit growth figures for quite some time and it had a rather good third quarter from October to December. Companies like Maruti Suzuki, Mahindra and Mahindra and Tata Motors are doing very well in the Indian market and posting good sales figures month after month.
The combined net profit growth of some of the top auto companies is likely to touch the 50 percent year-on-year market in the December 2010 quarter. The forecast for the net sales growth is at 21 per cent as against last year.
For those, who are fed up with the traffic congestion and parking problems, here's a news for their relief. Scientists in London claim that they have designed an electric car which is capable of overcoming traffic congestion and could be parked by itself.
As per the car developers, the two-seat Electric-Networked Vehicle is crafted in a matter which would provide a solution to common driver problems. The car would be eco-friendly, affordable and low fuel consuming.
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