[Imcfest-volunteers] There would be no peering into new cars.

Stanton gdl at mindspring.com
Tue Jul 17 03:54:57 CDT 2007


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Toyota has to get into the small car segment and compete with
manufacturers like Hyundai, Maruti and Tata Motors, he added.
But even as the two biggest car makers are reporting healthy growth,
experts point out that the overall passenger car market is unlikely to
post a double digit growth this fiscal. BMW is likely to bring both
petrol and diesel variants of these cars to the Indian roads.

Third biggest car maker, next only to Maruti Udyog Ltd and South Korea's
 Hyundai, Tata Motors announced recently that it would launch a
low-priced car in  three years.
There were reports that the company is looking for a location to set up
its plant for manufacturing small car. Enfield too has Thunderbird,
which is nearly touching the Rs. The current action is intended to
correct that skew. The companies have not yet disclosed the financial
details of the deal. There would be no running out of gas on a dark,
rainy night.

Located at Shendra at Aurangabad, the greenfield assembly line is the
first plant for SkodaAuto outside Europe. The company is eyeing to
double its exports figures in the current financial year.

Ace, which opened a new segment within the LCV market, was launched
towards the end of May this year. He visualised hydrogen as the fuel of
the future and predicted increased research to make this feasible.

It is equipped with eight bays for mechanical service and six bays for
body and paint service.

The new variant is called the Honda City ZX and it comes in four models
and is loaded with many new features.

As consumers upgrade to bigger cars and income levels soar, car
manufacturers are now charting out key launches in this segment,
especially in the upper-end. The company would assemble the cars at its
Chennai plant after bringing in the completely built units from Korea,
he added.

There would be no child lock. Ace, which opened a new segment within the
LCV market, was launched towards the end of May this year. Tata makes
the popular Indica hatchback, the first completely indigenously made
car, and the Indigo sedan,besides utility vehicles. But even as the two
biggest car makers are reporting healthy growth, experts point out that
the overall passenger car market is unlikely to post a double digit
growth this fiscal. Fiesta's retail sales will begin by mid-December and
the car will be available in three petrol variants and one diesel
version. Honda Civic is the next exciting model expected from the
company as it aims to take on the Toyota Corolla and other vehicles in
that class.

The entry-level notchback will be smaller than the Chevrolet Optra. Over
the past few years the auto components companies in the West, has become
the soft target for Indian companies to acquire. There would be no eyes
meeting in the rear views. The company, which bought South Korea's
Daewoo Commercial Vehicle Co.

It did not say what its current annual output in the  region is.
The company is in the process of selecting vendors for supplying
components.

This has temporarily delayed its launch.
But sales have been sluggish this year due to a cyclical slowdown.

There would be no dinky cars.
At the same time, Giovanni said it was important for Fiat to get the
other aspects of its business, more importantly the sales and service
network, sorted out. The unit located at Shendra, Aurangabad, is the
only Skoda plant outside Europe.
The company  has sewn up plans to launch three more products from the GM
stable next year.

It also plans to roll out its luxury sedan Civic next year.

Two wheeler manufacturer Kinetic Motor participated in the prestigious
Italian Auto expo the "Milan Fair" in a big way, using the expo as the
platform for the global launch of Millenium and Euro. There is also
speculation on Maruti's plans to add a mid-size sedan to its portfolio
next year. HMIL, which would be unfazed by the entry of General Motors
into India, said Toyota's entry into the country would surely worry
them. Kinetic already has a motorcycle costing more than a lakh rupee in
the form of Comet but this bike is not being made in India.

"Even customers who have not received mailers, can avail of this
facility.

The spurt in sales for both companies was led by their respective
offerings in the popular hatchback segment - MUL sold the highest-ever
number of Altos whereas Hyundai found success with Santro.



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