Friday, November 30, 2012
Combat Murcielago by LB Performance - 2013 Fast Cars News
Techart Bringins New 911s to Essen - 2013 Fast Cars News
The Dark Knight Rises with a Juke Nismo - 2013 Fast Cars News
Gulf Collection Assembles at Salon Prive - 2013 Fast Cars News
CL63 Black Edition by Famous Parts - 2013 Fast Cars News
Lamborghini Aventador Roadster Pops Up in LA - 2013 Fast Cars News
Ferrari's V8: 360/F430 - 2013 Fast Cars News
Corvette GT2 on ADV.1 Wheels - 2013 Fast Cars News
Corvette GT2 on ADV.1 Wheels - 2013 Fast Cars News
Brabus Reveals Power Diesel Mercs - 2013 Fast Cars News
Monday, November 26, 2012
Review: 2012 Mercedes-Benz E63 AMG Wagon - Latest Cars News
HKS Supercharger kit ready for Scion FR-S, Subaru BRZ - Latest Cars News
Toyota Motorsports teases 600-horsepower Lexus LS - Latest Cars News
Ford says no to sub-Mustang Europe-only coupe - Latest Cars News
BMW Has a Slew of Launches in Next Couple of Years - Indian Cars News
BMW is aiming high in India. After recent launch of BMW Gran coupe and new X6, the auto group is aspiring to launch more models in India in next couple of years. While the next year will witness launch of new X1, facelifted 7 Series and the all new 1 Series hatchback, there are few more plans for year 2014. Moreover, the company will broaden its assembly production at Chennai facility to roll out more products locally.
Elaborating the facts, BMW India President, Philipp von Sahr remarked that 2013 will start its journey with BMW X1 compact SUV, though date of launch is still under the veil. In April 2013, company will introduce facelifted 7 Series to be followed by 1 Series hatchback, which will compete against the likes of soon to be arrived Mercedes Benz A Class.
However, BMW India is also planning to expand its local production of the 7 Series and 1 Series from Chennai plant to be begun from early 2013 and 2013 end respectively. Though by 2013 end, auto group will also develop 1 Series, 3 Series, 5 Series, 7 Series, X1 and X3, said Sahr. In addition to new launches, the company aims to increase its service network to 50 from present 29 by 2014.
Commenting on the success graph of BMW India, Sahr said that BMW is still leading the segment with last 7 months sale counts of 7,389 units. And it will hike products prices without offering any discount from Jan 2013.
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War Begins Between Maruti & Hyundai, Later Heavily Bets on a Marketing Campaign - Indian Cars News
Rivalry between Maruti Suzuki and Hyundai Motors has been a long lasting issue in Indian automotive industry as both the carmakers have been fighting against each other’s likes for supremacy in small car segment. With Maruti Alto 800, garnering huge chunk of volumes, Hyundai has started advertising its small car Hyundai Eon through a marketing campaign ‘Trendsetter V/s Follower‘. Doing extremely well with its newly launched Alto 800, Maruti is yet to react; Hyundai is ardent in promoting Eon’s advantages.
Elaborating the facts related to this campaign, Hyundai vice-president (marketing & sales) Rakesh Srivastava said that the campaign displays the value proposition of Eon, which is the youngest brand in the entry level car segment and is based on thriving Fluidic design philosophy. Moreover, the promoting activities are intended to let the customers know about styling, space and safety features of Hyundai Eon, he added.
Eon has played a key role in increasing Hyundai’s market share from last year’s 17% to 23.8% in April to October 2012. Alto has been number one selling car in Indian market over a decade. Though due to unfavourable market conditions, high interest rates and high inflation, Alto lost some market share and volume to EON, still it is leading the segment. With three different Alto variants including Alto, Alto 800 and the Alto K10, Maruti has managed to sell 135,590 Alto’s in April-October period, while Eon could only collect 46,956 sales volumes in the same period.
Coming back to Eon’s marketing campaign, it is reported that customers have been offering a cheering response that can be witnessed with more than 98,000 enquiries and 72% growth bookings against the period without the campaign.
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Mahindra Eyes to Acquire Stake of Aston Martin - Indian Cars News
The Utility vehicle major Mahindra & Mahindra seems working very aggressively to purchase stake in the British luxury sports car brand Aston Martin with an INR 2,210 crore bid. Though Aston Martin’s stake sale is subject to a huge competition with Mahindra and Italian private equity group InvestIndustrial undergoing the biding race, yet with an INR 2,210 crore offer for Aston Martin, Mahindra is likely to take the lead.
As proposal of InvestIndustrial also brings with it a technical partnership with German automaker Daimler, so it is quite clear that InvestIndustrial bid for Aston Martin is superior to Mahindra’s bid. Perhaps this is the reason, why Mahindra has lipped tight on the issue despite having higher bid than InvestIndustrial. Both the bidders are currently bidding for a 50% stake in Aston Martin, which is now held by a Kuwaiti investment group called Investment Dar.
If look at past biding history of Mahindra and InvestIndustrial, Both of them have appealing and winning acquisition history. While Mahindra acquired South Korean SUV maker Ssangyong, InvestIndustrial purchased Ducati, which had been sold to Audi for a profit. Few years ago M&M also took over electric car maker Reva and an Indian two wheeler maker, Kinetic Engineering. Coming back to Aston Martin deal, both the bidders said to have their different personal reasons. While Mahindra is eying Aston Martin’s technical know-how, InvestIndustrial is likely to take Aston Martin to later sell it for profit.
Well if Mahindra could purchase Aston Martin’s stake, it will be the third iconic British brand to be controlled by Indian automakers after Jaguar & Land Rover acquired by Tata Motors.
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BMW India Soon to Achieve its Goal of Setting up 5 - 6 Mini Cooper's Dealerships In 2012 - Indian Cars News
BMW India is playing very safe and good as well. Targeting to start up 5-6 franchises across the nation by 2012 end and the monthly sale of about 20-30 Mini Coopers auto group introduced its Mini Cooper franchise in the Indian market at the start of the month of April this year. And surprisingly carmaker seems to achieve its targeted goal.
According to reports, since its initial dealership of Mini Cooper launched in India, the auto group has entered in its 7th consecutive month of function and has sold 241 units of this greatly anticipated car across the nation so far, which is in fact higher than the desired objectives of the company. At present, Mini Cooper is offered in 3 sections in the Indian market including the Mini Cooper hatchback, convertible and the Countryman carrying a price tag ranging from Rs.25.5 lakh – Rs.35.9 lakh.
Currently, the Mini Cooper is being marketed through three franchises in the Indian market including Infinity Cars, located in Mumbai and 2 other dealerships in Delhi namely Deutsche Motoren and Bird Automotive. And at the time of BMW X6 launch, it was said that BMW India plans to set up 4th Mini Cooper franchise in Hyderabad, Andhra Pradesh buoyed by the admirable response that the Mini has attained in the Indian market. This way company is left with 1-2 more franchise to be started before the year ends, which are likely to be set up in Chandigarh, Bangalore or Pune.
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United Auto Workers ( UMW) Utters its Harmony with MSWU & HMIEU - Indian Cars News
Indian auto work force in Maruti and Hyundai is said to be receive concern from the United Auto Workers (UAW) headquartered in the US, which has expressed its support to the sacked workers in both the auto groups demanding reinstatement of all these workers. According to reports, the UAW, which includes International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, has written letters to Shinzo Nakanishi, CEO at Maruti Suzuki, and to Bo Shin Seo, CEO at HMIL.
Bob King, president UAW in the letter expressed serious concern with the recent actions of the company and asked both the auto groups to stop anti-union practices, recall workers terminated and identify the rights of the Hyundai Motor India Employees Union (HMIEU) and Maruti Suzuki Workers Union (MSWU) members. He also wrote for State of Haryana government to remove all fake charges against workers and to discharge all of the 149 workers jailed after the July 18, 2012, occurrence at the Manesar plant.
Moreover, King also demanded HMIL’s CEO Seo to recall 27 workers terminated by the company in 2008 and distinguish Hyundai Motor India Employees’ Union (HMIEU) or arrange a secret ballot election to settle on the majority union along with renegotiating the illegal wage contract with the UUHE (United Union of Hyundai Employees). Additionally King also wrote letters to MSWU and HMIEU uttering UAW’s harmony with them. Though UAW has not sent any letter to Ford India, which is also facing the same issue, one official at Ford India Employees Union (FIEU) said that UAW officials are in talks with FMC to arrange the labour disaster at its subsidiary Ford India Pvt Ltd.
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