Thursday, August 18, 2005
Face lift for Honda City
Honda Motors is planning to give a minor facelift to its flagship City by this November. Additionally, Honda is also planning to launch an all new Civic in June 2006.
TVS to launch new bikes...
Rumours are afloat that TVS Motors, the makers of TVS Victor, are planning to launch two new 150 cc bikes in this fiscal year to counter the stiff competition that is brewing in the 150 cc market by the likes of Bajaj and Honda...
Will post more on this as I get more info.
Will post more on this as I get more info.
Monday, August 15, 2005
Sad News!!
General Motors has been itching to launch its small car, the Spark, in the indian market and was expected to do so this year.
However, un-ending legal wrangling over its purchase of Daewoo India's plant has put these on ice.
Original launch date: early 2005.
Revised launch date: Late 2008.
Reason: Surajpur plant acquisition:
Expected price: Rs. 3.5 to 5 lakhs.
Scoop!!
Inspite of strong sales of the top-end version of the Toyota Innova, some multi-brand car dealers are offering discounts of Rs. 10,000-30,000 on slow-selling lower-end variants. This figure could rise if you opt for a financed purchase.
Maruti is currently offering discounts of upto Rs. 40,000 on its Zen and Wagon-R models that are under pressure from rival Hyundai. Baleno is being offered at a massive discount of Rs. 80,000 to boost sales.
Hyundai is offering discounts of Rs. 15,000 on its Getz hatchback (either free insurance or an MP3 player) to counter competition from the hot-selling Maruti Swift. This figure could swell to Rs. 30,000 if you finance your buy.
Maruti is currently offering discounts of upto Rs. 40,000 on its Zen and Wagon-R models that are under pressure from rival Hyundai. Baleno is being offered at a massive discount of Rs. 80,000 to boost sales.
Hyundai is offering discounts of Rs. 15,000 on its Getz hatchback (either free insurance or an MP3 player) to counter competition from the hot-selling Maruti Swift. This figure could swell to Rs. 30,000 if you finance your buy.
In the news....
Toyota Kirloskar Motor Pvt Ltd hopes to garner a 10% share of the overall domestic market for cars by 2010. Towards this end, the Co. is open to the idea of embarking on the manufacture of a small car variant, according to Toyohiko Ino, Director of Marketing, Toyota Kirloskar Motor Pvt Ltd.
Addressing a press conference here on Saturday, Ino said the proposed small car variant would be `market-driven' and belong to a new segment altogether. By 2010, the company hoped to sell 200,000 car units, which would account for around 10 per cent of the domestic market for cars at that time.
In 2004, Toyota Kirloskar Motor sold 46,000 vehicle units. In the current calendar year, the company hopes to sell around 65,000 vehicle units comprising the Innova, Corolla and the Camry.
According to Ino, Toyota Kirloskar has a 36 per cent share of the market segment it is currently present in. "That makes Toyota the largest-selling car in the executive segment in India", he said. The company would break even in the current year, he said, adding that global sales of the Corolla stood at 1.2 million units in 2004. In India, sales of the Corolla in 2004 went up to 10,195 units, clocking a growth of 25 per cent over sales the previous year.
As part of its customer-centric initiatives, Toyota has presented a pan-India `Top-of-the-World' offer for Corolla customers. Toyota customers who have bought the Corolla between June and July 2005 have a chance to win a holiday to a destination abroad through a lucky draw. Additionally, four couples will win a `Round-the World' trip each, Ino said.
Addressing a press conference here on Saturday, Ino said the proposed small car variant would be `market-driven' and belong to a new segment altogether. By 2010, the company hoped to sell 200,000 car units, which would account for around 10 per cent of the domestic market for cars at that time.
In 2004, Toyota Kirloskar Motor sold 46,000 vehicle units. In the current calendar year, the company hopes to sell around 65,000 vehicle units comprising the Innova, Corolla and the Camry.
According to Ino, Toyota Kirloskar has a 36 per cent share of the market segment it is currently present in. "That makes Toyota the largest-selling car in the executive segment in India", he said. The company would break even in the current year, he said, adding that global sales of the Corolla stood at 1.2 million units in 2004. In India, sales of the Corolla in 2004 went up to 10,195 units, clocking a growth of 25 per cent over sales the previous year.
As part of its customer-centric initiatives, Toyota has presented a pan-India `Top-of-the-World' offer for Corolla customers. Toyota customers who have bought the Corolla between June and July 2005 have a chance to win a holiday to a destination abroad through a lucky draw. Additionally, four couples will win a `Round-the World' trip each, Ino said.
Subscribe to:
Posts (Atom)