Automobile Newsletter - November 26 to November 30, 2012
Volvo Auto India is the official car partner for Aircel Chennai Open 2013 in India.Matches held from 31st December 2012 to 6th January 2013 will be played with the Volvo S60 holding prime position as a luxury sedan. The 2013 tournament marks the 5th consecutive year that Volvo India has been associated with India’s only ATP World Tour Event.
Aston Martin denies receiving any bids from M&M
Investment Dar Co., the owner of Aston Martin has denied receiving any competing bids for 50% stake in the company, said the reports. Earlier, the agencies reported that Mahindra & Mahindra Ltd.(M&M) has trumped a bid by Italian Private Equity fund Investindustrial for a 50% stake in the iconic sports car maker.
Kuwaiti Investment House Investment Dar Co. Chairman Al Musallam has denied the same in an interview with Kuwait’s Al Watan newspaper.
Agencies earlier reported that Italian private equity fund Investindutrial reached a deal with Investment Dar Co. on 22nd November but the Indian automaker M&M made a higher offer the next day. Investindustrial reportedly offered £250mn which was trumped by a higher bid by M&M.
Aston Martin was sold in 2007 by Ford Motor Co for £479 million to Investment Dar and another Kuwait fund, Adeem Investment Co. David Richards, a former Formula 1 Benetton and BAR racing boss headed the consortium and remains to be the Chairman.
BMW Group unveils BMW i3 Concept Coupe
The world premiere of the BMW i3 Concept Coupe sees the BMW Group unveil a particularly nimble and emotive version of its concept for sustainable premium-class motoring with zero local emissions. The study presented at the 2012 Los Angeles Auto Show has been brought out in parallel to the ongoing development process for getting the first ever all-electric model from the BMW i brand ready for series production, and demonstrates the potential for conceivably extending the model range. The state-of-the-art, clean-cut and open design showcased by the BMW i3 Concept Coupe represents a pioneering form of urban mobility that makes sustainability awareness an intrinsic part of the premium profile. Beyond this, the three-door model employs the design idiom that has been created especially for the BMW i cars to convey an undeniable sense of dynamism and driving pleasure.
The carbon-fibre body’s visual impact is largely shaped by the gracefully flowing coupe roof line and the fresh interpretation of the BMW i “stream flow” design that can be seen in the side window styling, and gives an instant impression of lightness, transparency and streamlined aerodynamic qualities. On the inside, the sense of spaciousness typical of the BMW i brand is combined with an exclusive lounge-style ambience in the two individual rear seats. The BMW i3 Concept Coupe furthermore assumes the title of the world’s first fully networked electric vehicle. Thanks to the inclusion of innovative BMW ConnectedDrive functions that have been devised by BMW i for use in production vehicles, operation of the navigation system as well as the information transfer between the vehicle, the outside world and the driver’s smartphone has been geared towards the specific requirements of e-mobility. Read more…
In Focus News
Auto Industry says ‘Diesel Technology to be the Future’
Society of Indian Automobile Manufacturers (SIAM) organized a conference on ‘Diesel for Future: Economy & Environment’ in the Capital. The delegates addressed the need to recognize diesel as a viable solution for energy security and lower carbon footprints. Strategies were also suggested in pricing and taxation to enable government integrate diesel as an important energy driver for Transportation sector.
The Ministerial session was addressed by the Chief Guest Praful Patel, Hon’ble Minister for Heavy Industries & Public Enterprises and Guest of Honour, JitinPrasada, Hon’ble Minister of State for Human Resource Development. The conference was also addressed by Vikram S. Kirloskar, Vice President, SIAM & Vice Chairman, Toyota Kirloskar Motor, Anant J Talaulicar, Chairman, SIAM Diesel Group and CMD, Cummins India, Lowell Paddock, President & Managing Director, General Motors, Ashok Dhar, President – Industrial Marketing, Reliance Industries, Dr. Kirit Parikh, Chairman, IRADe, L N Gupta, Joint Secretary, Ministry of Petroleum & Natural Gas, Sanjay Bandopadhyaya, Joint Secretary, Ministry of Road Transport & Highways and Nitin Gokarn, CEO, NATRIP. Read more…
Volkswagen-owned, Scania commercial Vehicles launches new range of on-road trucks for trial runs in IndiaVolkswagen-owned, Scania Commercial Vehicles recently launched a new range of on-road trucks for trial runs in India. Marking its entry into the on-road segment in India, this commercial vehicle launched four trucks.
The company has launched two models each in the puller and prime mover segment. The R500 6x4 heavy duty puller powered by a 500hp V8 engine offers a higher initial torque range which is essential for super ODC transportation. Another heavy duty puller, the Scania G460 6x4 equipped with a 460hp engine will help the driver cruise with the ODC cargo with ease and comfort.
Scania is already present in India with its trucks designed for the mining and construction segment sold through Larsen &Toubro (L&T). While its ties with L&T in the mining segment will remain, the on-road trucks will be sold directly by the company through its dealership network. Read more…
New Volvo FH: A major challenge for Volvo Trucks’ designersruck design is about much more than just colour, shape and attractive lines. Behind the new, safer, larger and more ergonomically optimised Volvo FH lies a significant design challenge. “Coming up with solutions where design and function go hand in hand was one of our most important tasks,” says Rikard Orell, Design Director at Volvo Trucks.
From the first stroke of his pen on the drawing board to complete truck, the process took just over five years. Several thousand hours and at least an equal number of decisions and procedures later it was finally ready – the new Volvo FH.
“The design challenge we were given was to create something that was exciting and fresh, while at the same time retaining and carrying over all those elements that were so highly appreciated in the previous model,” relates Rikard Orell. Read more…
Mahindra Auto Quotient season 4 goes on-air
Mahindra & Mahindra Ltd. (M&M), a part of the US$15.9bn Mahindra Group, announced the airing dates of the Mahindra Auto Quotient (AQ), a first of its kind, pan-India Auto Quiz. The 4th edition of Mahindra AQ was held across 24 cities, starting September 3rd, 2012.
Mahindra AQ has been engaging auto enthusiasts from the engineering and management fraternity for the past four years. During this time, it has established its position as India’s largest automotive quiz where students showcase their passion for automobiles. It has a fan base of over 4.40 lacs on Facebook.
Rajeshwar Tripathi, Chief People Officer, Automotive & Farm Equipment Sectors, Mahindra & Mahindra Ltd said, “We are delighted with the response, which the Mahindra Auto Quotient Quiz has garnered from students all over the country. The participation in the Quiz has doubled over last year and it is a matter of great pride for us to know that the platform we created 4 years back for young auto enthusiasts, to come together and share their passion for all things automobile, has found such widespread acceptance. Mahindra AQ is also a reflection of how work is viewed within the Organization where employees who share a common passion for automobiles have abundant opportunities to come together, create something new and exciting and challenge conventions”. Read more…
HM launches Mitsubishi dealership in Bangalore
Availability of the much sought Mitsubishi sport utility vehicle Pajero Sport will now be easier as local assembling of its completely knocked down kits has begun in right earnest, said Uttam Bose, Managing Director, Hindustan Motors Ltd., while launching the 41st dealership of the company’s Mitsubishi division here on Saturday (November 24).
Notably, local assembling of Pajero Sport at the company’s Tiruvallur plant near Chennai has not only cut down the waiting period for the premium SUV but has also brought down its price to Rs. 22.56 lac (ex-showroom Delhi), benefiting the buyers by Rs. 1.87 lac.
The authorized dealership, M/s SVR Motors, was launched with the inauguration of its showroom on Richmond Road by Uttam Bose. Significantly, SVR Motors has been the authorized service outlet of HM-Mitsubishi since April 2010. It has now been upgraded to a full-fledged 3S (sales, service and spares) dealership in view of its good performance and rapidly rising demand for Mitsubishi vehicles in Karnataka. The dealership is owned by Amar Prasad who has over 30 years of acclaimed experience in the automotive industry in India and abroad. Read more…
Volvo associates with Aircel Chennai Open 2013 as the ‘Official Car Partners’Volvo Auto India is the official car partner for Aircel Chennai Open 2013 in India.Matches held from 31st December 2012 to 6th January 2013 will be played with the Volvo S60 holding prime position as a luxury sedan. The 2013 tournament marks the 5th consecutive year that Volvo India has been associated with India’s only ATP World Tour Event.
So apart from the two battling stars at the court, all eyes will be at the Super Sporty Volvo S60 which will be in the backdrop for all the matches.
The silent roar: Who says that bold statements can’t be made quietly? The Volvo S60 with its dynamic design is a living proof of that. Beneath its Scandinavian curves lies the true personification of silence and efficiency, the new D4 and D5engine. It delivers 163 horses under the hood at its frugal best for a smooth and effortless conversation with the tarmac.
Intimacy meets luxury: The Volvo S60 succeeds in bringing together inspirational motoring comfort with individualism. Here, premium leather seats meet lavish space to create a cocoon of luxury. The Interior Air Quality System for clean cabin air and the Volvo Sensus with a touch interface showcase how well the S60 has been designed around you. The audio controls on the steering wheel help you enjoy uninterrupted entertainment without taking your eyes off the road. Read more…
Hyundai launches corporate campaign titled, “Moments of Brilliance”India’s second largest passenger car manufacturer, Hyundai Motor India, has recently launched the second phase of its corporate campaign under the umbrella concept of LIVE BRILLIANT. To add an experiential edge this campaign uses the digital media innovatively via new cross-media digital activation and engagement titled, “Moments of Brilliance”. LIVE BRILLIANT is Hyundai’s global corporate campaign theme and highlights the inextricable nature of the brand with the happiness and brilliance in its consumers’ lives. This activation brings to life this strategic premise that true moments of brilliance in one’s life can happen anytime anywhere and deserve to be shared with one’s loved-ones and friends. So, Hyundai’s communications agency Innocean Worldwide India decided to engage their audience by devising a mobile phone app.
The application enables the user to scan the messages across media -print, dealer posters, outdoor or even on social media using his smart phone which serves the Live Brilliant TVC followed by the contest page. Read more…
Tata Motors plans to shut Jamshedpur plant for 3 days: reportsTata Motors is planning to shut three-day closure of its Jamshedpur plant, according to reports.
Reports stated that the company will shut down its facility from November 29 to December 1 ‘as part of an aggressive effort to align production with demand’.
Pune hosts Autoparts exhibition
Leading Autoparts manufacturing companies from the World’s fifth largest Automobile manufacturing country, Korea are taking part in “Korea Autoparts Plaza”, a Trade fair being organized by Korea Trade Investment Promotion Agency (kotra) at Pune, India’s Auto capital on 4th & 5th December 2012. The Korean companies shall be displaying cutting edge products and technologies and are seeking tie-ups, joint ventures and alliances with Indian companies.
About 18 exhibitors are displaying world class automotive technologies and products including Power Trains, Body/Exterior systems, Electrical & Electronic Systems, Batteries/HVAC, Interior & Safety features Chassis and Machinery. In addition to the Exhibition, there will be prearranged B2B meetings and Discussion on Product Supply, Technology Transfer, Joint Ventures etc. The trade show is co-partnered by Tata Motors and Mahratta Chamber Of Commerce Industries & Agriculture (MCCIA).
This trade show is ideal for OEM/third-party manufacturers, Component manufacturers. Managers from Planning, Quality, Design dept, Production, Capital purchase, Procurement, New Projects heads, Maintenance, R & D dept. heads, Engineers from the assembly line, Technology managers etc. Read more…
Shell support for Ferrari Factory
Shell's range of industrial lubricants, fluids and greases are used by Ferrari to keep one of the most technically-advanced factories in the world in peak condition
At its factory in Maranello, Italy, Ferrari uses a wide portfolio of Shell products including: Shell Gadus greases, Shell Morlina bearing and circulating oils, Shell Omala gear oils, Shell Tellus hydraulic fluid and Shell Tonna slideway oils
It is a commonly known fact that Shell's Technical Partnership with Ferrari has its roots in the 1930s, when Shell first began developing racing fuels and oils for the race track. What is less well known is that today behind the factory gates in Maranello, much of the state-of-the-art machinery used by Ferrari to build some of the most coveted cars in the world, is kept in peak condition with the support of Shell's range of lubricants, greases and fluids.
What each of these products has in common is that they are designed to withstand high workloads and demanding work cycles, ideal for their application within Ferrari where they help to reduce friction, minimize energy loss and maintain efficiency. Read more…
Kia Motors displays Justice League-inspired vehicles at Los Angeles International Auto ShowKia Motors America (KMA) and DC Entertainment will show off two of their popular Justice League-inspired machines this week at the Los Angeles International Auto Show. On display will be the Batman-inspired Optima, previously unveiled in October at the Time Warner Center in New York City, and the Aquaman-inspired Rio 5-door, previously revealed at this year’s SEMA show. Built by RIDES magazine and West Coast Customs, respectively, both vehicles feature custom artwork by legendary comic book artist and DC Entertainment Co-Publisher Jim Lee, who also provided creative direction for the design of all of the cars involved in this partnership. The overall goal of the program is to raise awareness for DC Entertainment’s “We Can Be Heroes” giving campaign to help fight the hunger crisis in the Horn of Africa.
Batman-inspired Optima SX Limited
Previously unveiled at New York’s Time Warner Center, Kia, DC Entertainment and RIDES magazine worked together to design and build the Batman-inspired Optima. The exterior features a matte and piano-black paint scheme, a dramatically lowered coilover suspension and muscular ground effects kit, huge Ksport performance brakes for extreme stopping power, custom-designed 20-inch black wheels with one-of-a-kind Batman-logo center caps and a performance exhaust system. A custom front grille shaped like a batwing that took over 40 hours to create, yellow LED lighting accents throughout the vehicle and the iconic bat signal etched into the SXL’s HID headlights complete the look of the Optima.
Moving beneath the cape, the Optima‘s seating is costumed in custom black leather and suede with bold yellow accent stitching. Gotham City‘s streets are full of villains, and the Batman-inspired Optima is ready for action at a moment‘s notice with crime-fighting elements such as utility throwing stars installed in the center console. Read more…
Views on 500 Stocks...Click Here!
India Infoline Research Team / 10:47, Aug 24, 2015
In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.