Henry's Feed
May 24, 2012

M&M taps Korean arm to crack China

MUMBAI (Reuters) – Mahindra & Mahindra is finding it tough to exorcise the ghosts of failed Chinese ownership at its South Korean car unit Ssangyong as it looks to push the brand into China’s auto market, the world’s largest.

At the same time, the Indian car, tractor and truck maker, the core part of the $14.4 billion diversified Mahindra Group, will take its own rugged sport utility vehicles (SUVs) elsewhere, to emerging markets such as Brazil and South Africa – though it is developing engines to be used across both brands.

May 23, 2012

India’s Mahindra taps Korean arm to crack China

MUMBAI, May 24 (Reuters) – India’s Mahindra & Mahindra
is finding it tough to exorcise the ghosts of failed
Chinese ownership at its South Korean car unit Ssangyong as it
looks to push the brand into China’s auto market, the world’s
largest.

At the same time, the Indian car, tractor and truck maker,
the core part of the $14.4 billion diversified Mahindra Group,
will take its own rugged sport utility vehicles (SUVs)
elsewhere, to emerging markets such as Brazil and South Africa -
though it is developing engines to be used across both brands.

May 22, 2012

Fiat chooses new India head, mulls new brands in market

MUMBAI, May 22 (Reuters) – Car maker Fiat SpA,
which recently split with its distribution partner in India, is
open to bringing all of its vehicle brands to the country, said
a senior executive who will soon take charge of the Italian
company’s India operations.

Fiat India aims to open more than 100 showrooms by the end
of 2014, and is mulling bringing its Chrysler, Jeep, Fiat
Commercial and other brands to the country as it looks to ramp
up its current lacklustre market share.

May 9, 2012

Global manufacturers go local in cost-wary India

MUMBAI, May 9 (Reuters) – At the opening ceremony for
Daimler AG’s $850 million India factory, Chairman
Dieter Zetsche stepped down from the cab of a gleaming yellow
25-tonne truck with scaled-down horsepower, a stripped-back
gearbox and no sign of the iconic Mercedes-Benz three-pointed
star on its grille.

Daimler has been assembling high-end trucks in India for
years, but its recently launched cut-price BharatBenz line has
joined a trend by global heavy equipment manufacturers to
compete in India’s high-volume, high-growth – but cost-conscious
- mass market.

May 2, 2012

Hero MotoCorp lags f’cast, hikes prices as costs bite

MUMBAI (Reuters) – Hero MotoCorp(HROM.NS: Quote, Profile, Research), the world’s largest two-wheeled vehicle manufacturer, hiked prices and targeted industry-beating future sales growth as it blamed forex movements and rising input costs on quarterly profit that missed estimates.

Hero will target a ramping up of exports and capacity to drive growth, after material cost increases during the quarter to end-March outstripped revenue growth as a weaker rupee raised the cost of imports.

May 2, 2012

Hero lags profit estimate, hikes prices as costs bite

MUMBAI, May 2 (Reuters) – India’s Hero MotoCorp,
the world’s largest two-wheeled vehicle manufacturer, hiked
prices and targeted industry-beating future sales growth as it
blamed forex movements and rising input costs on quarterly
profit that missed estimates.

Hero will target a ramping up of exports and capacity to
drive growth, after material cost increases during the quarter
to end-March outstripped revenue growth as a weaker rupee raised
the cost of imports.

Apr 18, 2012

Daimler rolls into tricky Indian truck market

ORAGADAM, India, April 18 (Reuters) – Daimler AG
entered India’s truck market on Wednesday promising reliable and
efficient vehicles in an $850 million bet on a price-sensitive
market dominated by local players that other foreign
manufacturers have struggled to crack.

Daimler, the world’s largest truck maker, is betting on its
high-quality and technologically superior BharatBenz commercial
vehicles in India as it looks to win a piece of the world’s
fastest-growing truck and bus market.

Apr 16, 2012

Ditching joint ventures, carmakers drive alone in India

MUMBAI (Reuters) – Japanese automaker Honda’s Indian marriage is on the rocks.

Accusations by its local partner of “inappropriate” corporate governance and a tussle over future investment have exposed the perils of operating in a business model that has run out of gas for foreign automakers in India’s booming car market.

Apr 16, 2012

Analysis – Ditching JVs, carmakers drive alone in India

MUMBAI (Reuters) – Japanese automaker Honda Motor Co’s (7267.T: Quote, Profile, Research) Indian marriage is on the rocks.

Accusations by its local partner of “inappropriate” corporate governance and a tussle over future investment have exposed the perils of operating in a business model that has run out of gas for foreign automakers in India’s booming car market.

Apr 16, 2012

Ditching JVs, carmakers drive alone in India

MUMBAI, April 16 (Reuters) – Japanese automaker Honda Motor
Co’s (7267.T: Quote, Profile, Research) Indian marriage is on the rocks.

Accusations by its local partner of “inappropriate”
corporate governance and a tussle over future investment have
exposed the perils of operating in a business model that has run
out of gas for foreign automakers in India’s booming car market.