Archive for June 29th, 2007

M&M, Shell study on hydrogen transportation

Mahindra & Mahindra (M&M) today announced the successful completion of Phase I the joint “Pre-feasibility Study on Hydrogen-based Transportation in India” with Shell, a global energy major.

The scope of the study includes hydrogen supply, infrastructure, and the timing of introduction of various hydrogen vehicle platforms, such as Hydrogen Internal Combustion Engines and Fuel Cells, in India. More

Courtesy:www.indiacar.net

TVS Motor expects pressure on margin to continue in first half of 2007-08

Chennai-based two-wheeler maker, TVS Motor expects the pressure on the margin to continue in the first half of 2007-08, due to high cost of raw material and intense competitive activity. However, in the second half of the year, it expects the pressure on margin to ease with the launch of new products and other initiatives.

In another announcement, the companyreported that earnings for the March 2007 quarter slid 68.89% to Rs 90.50 million compared with Rs 290.90 million in the same quarter of last year. The total income on the hand surged 10.02% to Rs 9,468.40 million for the quarter ended Mar. 31, 2007, compared with Rs 8,606.20 million in the corresponding quarter of last year.
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Courtesy:www.indiacar.net

Auto Video: Jean Ragnotti conduciendo un Renault Clio

India to lead low-cost car revolution

India is set to lead the low-cost vehicle revolution and is likely to grab the top slot in both low-cost vehicles sales and production.

By 2014, the year by which this segment is expected to develop substantially, India’s share of the estimated annual production of about 3.5 to 3.7 million low-cost vehicles is projected to be nearly 34%. In comparison, adversary China which is ahead on most parameters — the number of telecom users, internet connections, cars and retail — is expected to account for only 11% of global production. More
Courtesy:economictimes.indiatimes.com

‘Indian small car would not rival Logan’

Carlos Ghosn, who heads both Nissan Motor Co and Renault SA , said a new, cheap car the partners hope to build for India’s booming small car market will not compete directly with Renault’s Logan.

Ghosn said Nissan and Renault were looking closely at the feasibility of building a $3,000 car in India in a venture with tractor and utility vehicle maker Mahindra and Mahindra that would go head-to-head with Tata Motors Ltd.’s sub-$3,000 “People’s Car” due for launch next year.

Annual car sales in India are set to nearly double to 2 million by 2010, with small cars making up more than two-thirds of the market. Big emerging economies such as India, China and Russia are the new battleground for global auto makers as sales slow in fiercely competitive mature markets. More
Courtesy:www.indiacar.net

Toyota plans dedicated hybrid for Lexus

Toyota Motor Corp is planning to launch in 2009 the first dedicated hybrid model for its Lexus luxury line, Automotive News reported on its website.

Citing Lexus UK Director Steve Settle, the industry journal said that the model was expected to be priced between the 30,000 euro ($40,310) IS sedan and the 51,000 euro ($68,520) RX400h hybrid sport utility vehicle, making it the cheapest hybrid under the Lexus brand, it said. More
Courtesy:economictimes.indiatimes.com

Skoda India reveals plan to launch small car

SkodaIndia, a fully-owned subsidiary of Volkswagen Group’s SkodaAuto of Czech Republic, today revealed the company’s plan to launch Skoda Fabia, its first small car in the Indian market.

“We are planning to launch the car by the end of this year. Fabia is very well accepted globally and with our experience in the car business, we are confident of receiving a similar response from the Indian customers as well,” Skoda India Managing Director (Commercial) Karsten Bogun said.

Bogun was talking to reporters here after the opening of the company’s new dealership in Vadodara and Ahmedabad. Read more
Courtesy:www.indiacar.net


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