Indian Automotive Sector
- Thread starter Amal
- Start date
Look at what these Americans are doing to our little Jeep.
https://jalopnik.com/hell-yeah-a-mahindra-roxor-is-going-racing-1834287519
https://jalopnik.com/hell-yeah-a-mahindra-roxor-is-going-racing-1834287519
It's almost the end of road for internal combustion engines in India
The GST Council in its 36th meeting on July 27, cut the tax on electric vehicles from 12 per cent to 5 per cent effective from August 1. The government also proposed amendments to Motor vehicle norms to allow scrapping of vehicles older than 15 years in a bid to spur adoption of electrical vehicles.
The Council has also slashed rate for EV chargers from 18 per cent to 5 per cent making electric vehicle affordable for the buyers.
The share of electric vehicles out of total annual vehicle sales in the country is less than 1 per cent.
The government's think-tank Niti Aayog has put forward plan to shift to e-mobility for two-wheelers (below 150 cc) and three wheelers by 2025.
For conducting test and the grant and renewal of fitness certificate for motor vehicles older than 15 years, the fees have also been increased.
Under this category, the draft notification proposes certificate renewal charges of Rs 1,200 for manual, and Rs 2,000 for automated vehicles under medium or heavy motor vehicle.
For issuance, and renewal of certificates of registration and assignment of new registration mark, the fees have been revised.
For medium and heavy goods/passenger vehicles, the registration charges for new vehicles has been proposed at Rs 20,000, while for renewal of registration, it has been fixed Rs 40,000.
For, imported motor vehicle (four or more wheeled), new registration charges have been fixed at Rs 20,000 and for renewal of registration the charges have been fixed at Rs 40,000.
The copy of the draft notification has been issued for seeking comments and suggestions from people.
The battery operated vehicles will be exempted for the payment of fees for the purpose of issue or renewal of registration certificate and assignment of new registration mark.
It's almost the end of road for internal combustion engines in India - End of road for fuel engines
The GST Council in its 36th meeting on July 27, cut the tax on electric vehicles from 12 per cent to 5 per cent effective from August 1. The government also proposed amendments to Motor vehicle norms to allow scrapping of vehicles older than 15 years in a bid to spur adoption of electrical vehicles.
The Council has also slashed rate for EV chargers from 18 per cent to 5 per cent making electric vehicle affordable for the buyers.
The share of electric vehicles out of total annual vehicle sales in the country is less than 1 per cent.
The government's think-tank Niti Aayog has put forward plan to shift to e-mobility for two-wheelers (below 150 cc) and three wheelers by 2025.
For conducting test and the grant and renewal of fitness certificate for motor vehicles older than 15 years, the fees have also been increased.
Under this category, the draft notification proposes certificate renewal charges of Rs 1,200 for manual, and Rs 2,000 for automated vehicles under medium or heavy motor vehicle.
For issuance, and renewal of certificates of registration and assignment of new registration mark, the fees have been revised.
For medium and heavy goods/passenger vehicles, the registration charges for new vehicles has been proposed at Rs 20,000, while for renewal of registration, it has been fixed Rs 40,000.
For, imported motor vehicle (four or more wheeled), new registration charges have been fixed at Rs 20,000 and for renewal of registration the charges have been fixed at Rs 40,000.
The copy of the draft notification has been issued for seeking comments and suggestions from people.
The battery operated vehicles will be exempted for the payment of fees for the purpose of issue or renewal of registration certificate and assignment of new registration mark.
It's almost the end of road for internal combustion engines in India - End of road for fuel engines
Kia Motors eyes global markets with made-in-India Seltos
2 min read . Updated: 07 Aug 2019, 11:58 AM IST PTI
Kia Motors India has already started production of Seltos at its Anantapur-based facility. (PTI)
Panjim: South Korean auto major Kia Motors is looking to export its made-in-India mid-sized SUV Seltos to various global markets like Africa and South America.
The company, which has set up its manufacturing base in Andhra Pradesh with an installed production capacity of 3 lakh units, will roll out the model in India later this month.
"We are looking at regions like South Africa, South America and South Asian countries for exporting Seltos. But it is going to be a small number as our main focus remains India," Kia Motors India Head Marketing and Sales Manohar Bhat told reporters here.
Other markets like Europe and North America would be catered from the South Korean plant, he added.
Kia Motors India has already started production of Seltos at its Anantapur-based facility.
The company is initially looking to begin with a production capacity of one lakh units per annum and then gradually ramp it up to three lakh units per annum.
"We have started with a single shift... With another model launch expected over the next six months, our aim is to utilise full capacity (one lakh units) as soon as possible. After that, we may also scale it up to two lakh units," Bhat said.
The company has already received around 23,000 bookings for Seltos, he added.
When asked about the the second model, Bhat said, "Most probably it is going to be a multi purpose vehicle (MPV)".
He added that there is no plan to launch a compact segment vehicle in the near future.
On prolonged slowdown in the domestic market, he said the government should look at reducing goods and services tax (GST) rates on automobiles and also initiate vehicle scrappage policy.
He said in order to help provide finance options to Seltos customers and its dealers, the company has already tied up with eight banks and non-banking financial companies (NBFCs).
When asked about launching electric vehicles in the country, Bhat said Kia has the technology to introduce all kinds of vehicles including hybrids and pure electric models.
"Depending on market requirements, we can introduce any of such technologies here," he added.
Bhat also confirmed that the company would keep on selling diesel models beyond April, 2020, as well.
"We already have diesel engine that is BS VI compliant. So we don't have an issue regarding that. We feel the demand for diesel vehicles would be there and we will keep offering what the customer demands," Bhat said.
This story has been published from a wire agency feed without modifications to the text.
Kia Motors eyes global markets with made-in-India Seltos
2 min read . Updated: 07 Aug 2019, 11:58 AM IST PTI
- Kia Motors will roll out Seltos in India later this month
- The company is initially looking to begin with a production capacity of one lakh units per annum
Kia Motors India has already started production of Seltos at its Anantapur-based facility. (PTI)
Panjim: South Korean auto major Kia Motors is looking to export its made-in-India mid-sized SUV Seltos to various global markets like Africa and South America.
The company, which has set up its manufacturing base in Andhra Pradesh with an installed production capacity of 3 lakh units, will roll out the model in India later this month.
"We are looking at regions like South Africa, South America and South Asian countries for exporting Seltos. But it is going to be a small number as our main focus remains India," Kia Motors India Head Marketing and Sales Manohar Bhat told reporters here.
Other markets like Europe and North America would be catered from the South Korean plant, he added.
Kia Motors India has already started production of Seltos at its Anantapur-based facility.
The company is initially looking to begin with a production capacity of one lakh units per annum and then gradually ramp it up to three lakh units per annum.
"We have started with a single shift... With another model launch expected over the next six months, our aim is to utilise full capacity (one lakh units) as soon as possible. After that, we may also scale it up to two lakh units," Bhat said.
The company has already received around 23,000 bookings for Seltos, he added.
When asked about the the second model, Bhat said, "Most probably it is going to be a multi purpose vehicle (MPV)".
He added that there is no plan to launch a compact segment vehicle in the near future.
On prolonged slowdown in the domestic market, he said the government should look at reducing goods and services tax (GST) rates on automobiles and also initiate vehicle scrappage policy.
He said in order to help provide finance options to Seltos customers and its dealers, the company has already tied up with eight banks and non-banking financial companies (NBFCs).
When asked about launching electric vehicles in the country, Bhat said Kia has the technology to introduce all kinds of vehicles including hybrids and pure electric models.
"Depending on market requirements, we can introduce any of such technologies here," he added.
Bhat also confirmed that the company would keep on selling diesel models beyond April, 2020, as well.
"We already have diesel engine that is BS VI compliant. So we don't have an issue regarding that. We feel the demand for diesel vehicles would be there and we will keep offering what the customer demands," Bhat said.
This story has been published from a wire agency feed without modifications to the text.
Kia Motors eyes global markets with made-in-India Seltos
Mahindra eyeing $6.3 billion US Postal truck-supply contract, signs LoI for plant in Michigan
The plant would be designed to manufacture small delivery trucks to the United States Postal Service collectively numbering 180,000 units
Last Updated : Aug 09, 2019 11:21 AM IST | Source : Moneycontrol.com
Mahindra Automotive North America (MANA), a subsidiary of Mahindra & Mahindra, is looking to set up a plant in Michigan in the US and has signed a letter of intent with the RACER Trust, the Indian automaker has said.
The facility, likely to come up in Flint, will manufacture small delivery trucks, 180,000 units, for the United States Postal Service (USPS), if the contract comes through.
The cost of one such truck is estimated between $25,000 and $35,000 (Rs 17.6 lakh and Rs 24.6 lakh) and the job is worth $6.3 billion (Rs 44,400 crore). The truck-supply contract will be spread over five years.
“The plant would also house production for a number of future products that have not been announced publicly. It is projected the plant will create up to 2,000 jobs over the first five years with additional jobs to follow,” Mahindra said in a statement on August 8.
The RACER Trust was created in March 2011 by the US bankruptcy court to clean up and offer for redevelopment properties and other facilities owned by the General Motors Corp before its 2009 bankruptcy.
The plant is proposed come up in the former Buick City, a large land parcel that used to have a mega complex producing vehicles under the Buick brand, a division of General Motors.
"We have a long-term product plan and we believe the former Buick City site in Flint is a strong contender for what would essentially be Mahindra's first large-scale manufacturing operation in the United States," said Rick Haas, president and CEO of Mahindra Automotive North America.
The Indian automaker is one of the five companies short-listed for the contract expected to be awarded later this year.
AM General, the maker of civilian Humvee, truck body maker VT Hackney Inc, Ford Motor Company and Turkey’s bus maker Karsan are the other four in the race.
Mahindra was also in talks with several other states and the decision would in part be driven by the financial incentives offered by Michigan, the company said.
"Winning the USPS contract is a key element of our growth strategy but it's only a piece of what we have planned," said Haas.
Indian auto giant already has a plant in Michigan’s Auburn Hills and it will see a “significant facility expansion” to support new products for the US market.
Last year, MANA launched the ROXOR off-road work and recreational vehicle at Auburn Hills facility, which also serves as its North American corporate headquarters.
Mahindra eyeing $6.3 billion US Postal truck-supply contract, signs LoI for plant in Michigan
The plant would be designed to manufacture small delivery trucks to the United States Postal Service collectively numbering 180,000 units
Last Updated : Aug 09, 2019 11:21 AM IST | Source : Moneycontrol.com
Mahindra Automotive North America (MANA), a subsidiary of Mahindra & Mahindra, is looking to set up a plant in Michigan in the US and has signed a letter of intent with the RACER Trust, the Indian automaker has said.
The facility, likely to come up in Flint, will manufacture small delivery trucks, 180,000 units, for the United States Postal Service (USPS), if the contract comes through.
The cost of one such truck is estimated between $25,000 and $35,000 (Rs 17.6 lakh and Rs 24.6 lakh) and the job is worth $6.3 billion (Rs 44,400 crore). The truck-supply contract will be spread over five years.
“The plant would also house production for a number of future products that have not been announced publicly. It is projected the plant will create up to 2,000 jobs over the first five years with additional jobs to follow,” Mahindra said in a statement on August 8.
The RACER Trust was created in March 2011 by the US bankruptcy court to clean up and offer for redevelopment properties and other facilities owned by the General Motors Corp before its 2009 bankruptcy.
The plant is proposed come up in the former Buick City, a large land parcel that used to have a mega complex producing vehicles under the Buick brand, a division of General Motors.
"We have a long-term product plan and we believe the former Buick City site in Flint is a strong contender for what would essentially be Mahindra's first large-scale manufacturing operation in the United States," said Rick Haas, president and CEO of Mahindra Automotive North America.
The Indian automaker is one of the five companies short-listed for the contract expected to be awarded later this year.
AM General, the maker of civilian Humvee, truck body maker VT Hackney Inc, Ford Motor Company and Turkey’s bus maker Karsan are the other four in the race.
Mahindra was also in talks with several other states and the decision would in part be driven by the financial incentives offered by Michigan, the company said.
"Winning the USPS contract is a key element of our growth strategy but it's only a piece of what we have planned," said Haas.
Indian auto giant already has a plant in Michigan’s Auburn Hills and it will see a “significant facility expansion” to support new products for the US market.
Last year, MANA launched the ROXOR off-road work and recreational vehicle at Auburn Hills facility, which also serves as its North American corporate headquarters.
Mahindra eyeing $6.3 billion US Postal truck-supply contract, signs LoI for plant in Michigan
Most of the automobile slowdown is the industry's own making, says Rajiv Bajaj
The automobile industry must look at its own shortcomings before asking for stimulus from the government, said Rajiv Bajaj, managing director of Bajaj Auto.
"Most of the automobile slowdown is the industry's own making," he said, in an interview with CNBC-TV18 on Thursday.
Bajaj said that the Indian auto products are mediocre compared to world-class products and that the sector needs to ask itself if it's done enough to become globally competitive.
“Lot of these companies are not able to export because frankly, by world-class standards, their products are mediocre. Obviously, I don’t want to name them but when you make everything… when you will make scooters, and bikes and cars and jeeps and SUVs and trucks and buses and everything under the Sun, you are obviously not going to be world-class at anything,” he said.
Talking about the two-wheeler segment, he said the retails sales in the space declined 5-7 percent. This drop, according to him, cannot be called a crisis.
"In terms of motor-cycle, I was looking at these numbers yesterday, year on year, the decline in retail sales is only around 5-7 percent... if that can be called a crisis then what is it we mean by the normal up and down cycle of a business?" he asked.
The Federation of Automobile Dealers Associations (FADA) on Monday released the July 2019 vehicle registration data, which showed that on a year-on-year (YoY) basis, the overall sales declined 6 percent.
Two-wheeler sales dipped by 5 percent, passenger vehicles (PV) by 11 percent and commercial vehicles (CV) by 14 percent, showed the data.
Bajaj, however, acknowledged that it is a difficult time for the sector and said that the government should not make it worse by raising registration fees.
Further, Bajaj said that the focus was on now ensuring that retail sales are as good as wholesales. "We will use the festive season to completely correct stock at the dealership level," he added.
Most of the automobile slowdown is the industry's own making, says Rajiv Bajaj
The automobile industry must look at its own shortcomings before asking for stimulus from the government, said Rajiv Bajaj, managing director of Bajaj Auto.
"Most of the automobile slowdown is the industry's own making," he said, in an interview with CNBC-TV18 on Thursday.
Bajaj said that the Indian auto products are mediocre compared to world-class products and that the sector needs to ask itself if it's done enough to become globally competitive.
“Lot of these companies are not able to export because frankly, by world-class standards, their products are mediocre. Obviously, I don’t want to name them but when you make everything… when you will make scooters, and bikes and cars and jeeps and SUVs and trucks and buses and everything under the Sun, you are obviously not going to be world-class at anything,” he said.
Talking about the two-wheeler segment, he said the retails sales in the space declined 5-7 percent. This drop, according to him, cannot be called a crisis.
"In terms of motor-cycle, I was looking at these numbers yesterday, year on year, the decline in retail sales is only around 5-7 percent... if that can be called a crisis then what is it we mean by the normal up and down cycle of a business?" he asked.
The Federation of Automobile Dealers Associations (FADA) on Monday released the July 2019 vehicle registration data, which showed that on a year-on-year (YoY) basis, the overall sales declined 6 percent.
Two-wheeler sales dipped by 5 percent, passenger vehicles (PV) by 11 percent and commercial vehicles (CV) by 14 percent, showed the data.
Bajaj, however, acknowledged that it is a difficult time for the sector and said that the government should not make it worse by raising registration fees.
Further, Bajaj said that the focus was on now ensuring that retail sales are as good as wholesales. "We will use the festive season to completely correct stock at the dealership level," he added.
Most of the automobile slowdown is the industry's own making, says Rajiv Bajaj
EconomicTimes (@EconomicTimes) Tweeted:
One of the major differences between BS6 and the incumbent BS4 is that the former contains five times lesser suplhur content (10 parts per million) as compared to BS4 (50 ppm) Confused by the SC's BS6 ruling? Here's what it means for your existing car ( )
One of the major differences between BS6 and the incumbent BS4 is that the former contains five times lesser suplhur content (10 parts per million) as compared to BS4 (50 ppm) Confused by the SC's BS6 ruling? Here's what it means for your existing car ( )
Maruti Suzuki India exports 1 millionth car from Mundra port
Maruti Suzuki India has exported one-millionth car from its Mundra port in Gujarat. The one-millionth unit turned out to be an Oxford Blue coloured Dzire, which left for Chile from the port. Exports to Latin American, far-eastern and European markets of Maruti Suzuki are mainly carried out from the Mundra port.
The export sales of Maruti Suzuki India had dropped 10.80 per cent to 9,352 units in August 2019. The carmaker had exported 10,489 units in August 2018.
Mundra port is Maruti Suzuki India's second car terminal port. The export operations commenced here in 2009. The carmaker boasts of a PDI (Pre-Delivery Inspection) facility along with a stockyard at the port. Maruti Suzuki also exports vehicles from Mumbai port.
The export range of Maruti Suzuki at present includes 14 models. The most prominent among the exported models are Alto K10, Celerio, Baleno, Ignis and Dzire. According to the company, the cumulative export figure has crossed 1.8 million unit mark, with shipments to more than 125 countries.
"Within a decade of commencement of exports from Mundra, we achieved the significant milestone of shipping one-millionth car. At Maruti Suzuki, we have always aligned our exports strategy to keep pace with the changing market scenario. Maruti Suzuki exports are aligned with Prime Minister Narendra Modi's flagship vision of Make in India. The efforts by Maruti Suzuki reflect India's capabilities of manufacturing cars that meet global standards of quality, safety, design and technology," Maruti Suzuki India MD and CEO Kenichi Ayukawa said.
Maruti Suzuki India exports 1 millionth car from Mundra port
Maruti Suzuki India has exported one-millionth car from its Mundra port in Gujarat. The one-millionth unit turned out to be an Oxford Blue coloured Dzire, which left for Chile from the port. Exports to Latin American, far-eastern and European markets of Maruti Suzuki are mainly carried out from the Mundra port.
The export sales of Maruti Suzuki India had dropped 10.80 per cent to 9,352 units in August 2019. The carmaker had exported 10,489 units in August 2018.
Mundra port is Maruti Suzuki India's second car terminal port. The export operations commenced here in 2009. The carmaker boasts of a PDI (Pre-Delivery Inspection) facility along with a stockyard at the port. Maruti Suzuki also exports vehicles from Mumbai port.
The export range of Maruti Suzuki at present includes 14 models. The most prominent among the exported models are Alto K10, Celerio, Baleno, Ignis and Dzire. According to the company, the cumulative export figure has crossed 1.8 million unit mark, with shipments to more than 125 countries.
"Within a decade of commencement of exports from Mundra, we achieved the significant milestone of shipping one-millionth car. At Maruti Suzuki, we have always aligned our exports strategy to keep pace with the changing market scenario. Maruti Suzuki exports are aligned with Prime Minister Narendra Modi's flagship vision of Make in India. The efforts by Maruti Suzuki reflect India's capabilities of manufacturing cars that meet global standards of quality, safety, design and technology," Maruti Suzuki India MD and CEO Kenichi Ayukawa said.
Maruti Suzuki India exports 1 millionth car from Mundra port
Ford to exit India – Will exist via JV with Mahindra
Mahindra will now own 51% stake and assist Ford to contend in the competitive market.
Ford to exit India - Will exist via JV with Mahindra
Mahindra will now own 51% stake and assist Ford to contend in the competitive market.
Ford to exit India - Will exist via JV with Mahindra