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.
Maruti Alto has become worlds no. 1 small car in 2010 with record breaking selling numbers. Maruti Alto bagged the title leaving behind Fiat Uno and Volkswagen Gol in Brazil and Volkswagen Golf in Germany. This was for the first time when an Indian small car managed to score maximum number of sales world wide.
Maruti Alto gained 25 percent hike amounting total sales of 3,00,000 units sold from that of 2009. The launch of Maruti Alto K10 has also been outstanding for the company in terms of sales demand. Maruti Alto K10 was launched in mid of 2010 which made a remarkable contribution in sales of Maruti Alto last year. The period was quite crucial for Maruti Alto when the sales of, the leading small segment cars, Volkswagen Golf dropped down to third position.
“The India Show” will showcase the Indian enterprising and innovative skills in Singapore in the coming week. This prestigious show will have a presentation which will include the world's cheapest carTata Nano as a concept car model by Tata Technologies, the Indian auto brand recently announced.
Anand Sharma the Indian Commerce and Industry Minister will be accompanying 80 CEO delegates in the India Show in Singapore. The event will be held from January 14th to January 18th at the Suntec Convection Centre.
The entrepreneurial skill which will be showcased by Tata Technologies has selected Tata Nano LX car model, the top end all weather car for the show in Singapore.
Tata Motors, today launched its new Multi- Utility Vehicle, Tata Venture in Jaipur (Rajasthan). S Saxena, Tata Motors, Head Marketing and Sales stated that they are launching this exciting multi-purpose vehicle, first in Rajasthan and would launch it later in other states. He added that the interiors of the car are inspired from hatchback and has got interiors of multi-purpose vehicle.
Further commenting on safety parameters of Tata Venture, Saxena added that they have focused on safety and luxury features in the vehicle. He said that Venture is more safer as compared to other vans. This MUV has got collapsible steering and side impact beams to protect the passengers in crucial circumstances. Tata Venture meets crash norms which are applicable in the domestic market. Its semi monocoque construction boosts it with more rigidity and its tough body shell has built in energy absorb crumple .The car is cost effective and would meet all customer necessities.
Audi A8 is coming on the Indian shores on 10th January 2011, so for all you people who were missing a luxury car, the wait seems to be over. The AudiA8 sedan to be launched in this month will compete with well established auto players Mercedes S-Class and BMW 7-Series. The new sedan will turn people envious because of its looks, technology and features. The Audi A8 from the German auto giant's pavilion is a statement in the premium luxury segment. The Indian luxury car segment is growing leaps and bounds and Audi A8 is expected to be a straight winner in this segment.
For all the car buyers if December kept your enthusiasm alive for purchasing your favourite car, this year will disappoint you. Firstly the car prises across segment in India would rise by 1 to 3 per cent and the EMIs will get steeper due to combination of cost factor present in the auto industry.
Due to the latest financial liquidity barrier, the car loans from ICICI Bank and Kotak Mahindra Prime are geared up from 25 bps to 50 bps (100 bps = 1 per cent). HDFC Bank has thought to keep the interest rate as its present but is taking back the discounts by increasing the rack rates from 25 to 100 bps.
The leading SUV and MUV auto major, Mahindra & Mahindra, today introduced Mahindra Thar CRDi, 4 X 4 off roader in Kerala. The off-roader is priced at Rs. 6.11 lakh (Ex-showroom) for BS IV variant in Kochi. Behram Dhaber, General Manager (Vehicle Development) stated that Kerela has been a major hub for SUVs and the company are excited to introduce it in Kerela region.
Mahindra Thar is designed to meet both urban and rural conditions in India. Dhabher stated that Mahindra Thar is the perfect match for the consumers who look for fun and adventure.
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