Henry's Feed
Nov 7, 2012

Eicher-Volvo to invest $331 mln in India JV

NEW DELHI, Nov 7 (Reuters) – Eicher Motors and
Volvo AB will invest 18 billion rupees ($331 million)
over the next two years in their Indian joint venture, Eicher’s
head said on Wednesday, and begin exports of engines to Volvo’s
European operations next year.

Volvo, the world’s number two truck maker, is among global
manufacturers, including Daimler AG, that are
muscling in on India’s truck and bus industry, which is
dominated by local giants Tata Motors and Ashok
Leyland.

Oct 30, 2012

Maruti eyes sales pick-up after 5th quarter of profit fall

NEW DELHI (Reuters) – Maruti Suzuki (MRTI.NS: Quote, Profile, Research), India’s biggest carmaker, expects sales growth to accelerate in the months ahead helped by the launch of new vehicles, after it posted a fifth straight quarterly profit decline.

Maruti, which until the middle of last year produced every other car sold in India, is looking to claw back market share after a deadly riot at its Manesar plant led to a $250 million production loss and high interest rates curbed demand.

Oct 30, 2012

India’s Maruti eyes sales pick-up after 5th qtr of profit fall

NEW DELHI, Oct 30 (Reuters) – Maruti Suzuki,
India’s biggest carmaker, expects sales growth to accelerate in
the months ahead helped by the launch of new vehicles, after it
posted a fifth straight quarterly profit decline.

Maruti, which until the middle of last year produced every
other car sold in India, is looking to claw back market share
after a deadly riot at one of its plants led to a $250 million
production loss and high interest rates curbed demand.

Oct 29, 2012

India pledges fiscal deficit cut but short on specifics

NEW DELHI (Reuters) – The Indian government pledged to nearly halve its fiscal deficit by March 2017 in a bid to avoid a credit rating downgrade and persuade the central bank to cut interest rates to help the ailing economy, but offered few concrete steps to meet the ambitious target.

The fiscal consolidation plan announced on Monday did not say how New Delhi aims to rein in a ballooning subsidy bill that has strained public finances and put the country’s investment grade credit rating in peril.

Oct 16, 2012

Tata Motors to overhaul range in India; eyes US for Nano

MUMBAI, Oct 16 (Reuters) – Indian carmaker Tata Motors Ltd
will look to ratonalise its product range and overhaul
its image, the head of its domestic business said on Tuesday, as
he sets about reviving the firm’s sputtering local business in a
fiercely competitive market.

Karl Slym also said the company would look to launch a
next-generation version of its Nano, the world’s cheapest car,
for the U.S. market in about three years.

Oct 16, 2012

Maruti Suzuki revamps top-selling India car as rivals circle

NEW DELHI/MUMBAI (Reuters) – Maruti Suzuki India Ltd (MRTI.NS: Quote, Profile, Research, Stock Buzz) has launched a cheaper, more powerful and fuel-efficient version of its Alto – the world’s best-selling small car – as competitors including Hyundai and Tata Motors flex their muscles in the entry-level market.

Since 1984, Maruti’s entry-level models have outsold anything in India’s car market, as millions of middle-class families and first-time owners in the developing country flocked to its Maruti 800 model and its successor, the Alto.

Oct 16, 2012

Maruti unveils Alto 800, has over 10,000 pre-orders

NEW DELHI/MUMBAI (Reuters) – Maruti Suzuki India Ltd(MRTI.NS: Quote, Profile, Research) has launched a cheaper, more powerful and fuel-efficient version of its Alto – the world’s best-selling small car – as competitors including Hyundai and Tata Motors flex their muscles in the entry-level market.

Since 1984, Maruti’s entry-level models have outsold anything in India’s car market, as millions of middle-class families and first-time owners in the developing country flocked to its Maruti 800 model and its successor, the Alto.

Sep 14, 2012

Diesel hike lesser of two evils for struggling carmakers

MUMBAI (Reuters) – India’s first diesel price hike in more than a year clouds the only bright spot in the country’s struggling car market, but carmakers will also be quietly relieved after lobbying hard against the gloomier alternative of a tax on diesel vehicles.

Diesel, a heavily subsidised fuel used mainly by farmers and in trucks and buses, has become increasingly popular as many middle class families look to cut their fuel bills, and diesel-powered vehicles are the industry’s sole major growth area.

Sep 14, 2012

Diesel hike lesser of two evils for India’s struggling carmakers

MUMBAI, Sept 14 (Reuters) – India’s first diesel price hike
in more than a year clouds the only bright spot in the country’s
struggling car market, but carmakers will also be quietly
relieved after lobbying hard against the gloomier alternative of
a tax on diesel vehicles.

Diesel, a heavily subsidised fuel used mainly by farmers and
in trucks and buses, has become increasingly popular as many
middle class families look to cut their fuel bills, and
diesel-powered vehicles are the industry’s sole major growth
area.

Sep 9, 2012

Low R&D spend threatens auto part makers’ ambitions

NEW DELHI (Reuters) – From Daimler trucks in Germany to tractors in Brazil, Rohit Saboo’s Indian automotive parts are making their way into vehicles all over the world. But as he scales up exports to compensate for slowing growth at home, a lack of spending on innovation is undermining his sales pitch.

India’s $43 billion auto components industry is increasingly targeting overseas markets for growth, building on its low costs and its experience supplying a world-class domestic market.