Automobile Newsletter - December 01 to 05, 2014

India's largest auto maker Maruti Suzuki disclosed that it sold a total of 110,147 units for the month.

Dec 05, 2014 04:12 IST India Infoline News Service

TOP NEWS
 
Auto majors reveal November sales volume
 
It was a week where auto majors disclosed their sales volumes for the month of November. India's largest auto maker Maruti Suzuki disclosed that it sold a total of 110,147 units for the month. This includes 100,024 units in domestic market. The company, which had found it a little difficult to gain good sales in the premium segment due to competition from other auto majors like Honda and Hyundai, has now found its saviour in Ciaz. In the last month, it sold 6,345 units of Ciaz.
 
Hyundai Motor India Ltd (HMIL), the country's second largest car manufacturer and the largest passenger car exporter registered the domestic sales of 35,511 units and exports of 18,500 units with cumulative sales of 54,011 units. Exports accrued by 14.3% from the previous year of 16,180 to the current year's 18,500 units while the domestic sales grew by 6 % to 35,511 from 33,501 units.
 
Mahindra & Mahindra (M&M), India's leading SUV manufacturer, registered the cumulative sales of 34292 units, which is 13% lower than the previous year's 39254 units. The passenger vehicles segment sold 13765 units in Nov'14 as against 16,771 units in Nov'13. Domestic sales stood around 32100 units as against 36,261 units for the same period. The 4 wheeler segment dipped marginally lower by 3% from 13186 units last year to 12748 units this year.
 
The commercial vehicle section of Eicher Motors saw sales of 2233 units gaining 15.8% from the last year's 1928 units, while that of Bajaj Auto zoomed by 48% with the sales clocking 47,311 units. Ashok Leyland, flagship of the Hinduja group, registered the domestic sales of 7,732 units for the month of November 2014, which is 44% higher than the previous year's 5,375 units. The total units sold in M&HCV and LCV in Nov'14 were 5204 and 2528 units respectively.
 
Ford India sold 12,762 vehicles in combined domestic wholesales and exports, compared to 12,050 vehicles in the corresponding month last year. Toyota Kirloskar Motor reported 11 percent increase in total sales at 14,134 units, while Honda Cars leading manufacturer of premium cars in India, registered monthly domestic sales of 15,263 units.
 
In the tractor segment, M&M regained its top spot with a sale of cumulative sales of  15,333 tractors while Escorts Agri Machinery registered the cumulative sales of 4,306 tractors.
 
Two wheeler segment saw TVS Motor Company posting a sales growth of 36% with total sales increasing from 161,908 units. However, world's largest two-wheeler manufacturer,  Hero MotoCorp has clocked over 5 lakhs of units of two-wheelers in the month of November.The company despatched 547413 units of two-wheelers. It has added to its formidable presence with a manufacturing facility in Columbia and its bullish on its plans to expand its dealership network.
 
The Motorcyle division of Bajaj Auto dipped a minor 6%, with sales of 2,61,948 units, while Eicher motors posted a strong growth of 52% with a total of 27,542 units sales in the domestic markets. Suzuki Motorcycle India registered a 2% increase with 33,400 units.
 
The three wheeler segment also saw TVS Motor Company posting sales of 9,067 units and Atul Auto registering a sale of 3,807 vehicles. Recently Goldman Sachs bough 2.83 lakh shares of Atul Auto, skyrocketing its stock price.
 
DOMESTIC NEWS
 
Unlikely relief from high borrowing costs dents auto purchase sentiment: ZyFin
ZyFin Research's Vehicle Purchase Sentiment Index suggests that the Reserve Bank of India's (RBI's) expected postponement of a rate cut is hindering a recovery in auto sales. The ZyFin index has declined in November 2014 by 3.4 points to 21.0, after continuously suggesting an uptick since the start of the financial year. Read More...
 
Hero MotoCorp to widen reach in Latin America
Hero Group is bullish on strengthening its business in Latin America, as they plan to open up manufacturing facilities in Brazil and Argentina. It already has an upcoming plant in Colombia, and the company hopes that it will widen its reach in the region. Read More...
Meru Cabs offers 30% cash back on every trip paid using 'My Wallet'
Meru Cabs, India's No. 1 cab service now offers its valued customers an exciting 30% cash back on every trip paid using the 'My wallet' on Meru Cabs App. Customers can avail of this offer on Meru, MeruFlexi and MeruGenie. Meru's recently introduced Cab App, is another example of its commitment to innovation, The Meru Cab App has cool features like one touch booking, tracking your cab and India's first Cab-Wallet. The Cab-Wallet feature in the Meru Cabs app, in partnership with Citrus Pay, can be used for payment of the trip. Read More...
 
Hyundai Elitei20 achieves a landmark of 56,000 bookings
Hyundai Motor India Limited (HMIL), the country's largest exporter and the second-largest car manufacturer, has achieved yet another milestone for the Elite i20. Marking the World Premier of the 2nd Generation of i20 in India on August 11, 2014, the car has received highest ever bookings of 56,000 units within 4 months of its launch. Read More...
 
Tata Motors bags orders for 1542 SUMO GOLD's utility vehicles
 
Tata Motors announced that it has received an order for 1542 SUMO GOLD utility vehicles from various Police & law enforcement agencies across the country.
 
As one of the country's largest selling utility vehicles, the Sumo Gold is one of the most powerful entry-level SUVs, conceived keeping in mind comfort and robust all-round performance. With peak power of 85PS@3000 rpm, the Sumo Gold provides fuel economy of about 15 kmpl, best-in-class ground clearance of 182 mm, a rugged un-matched drive experience, with lowest cost of ownership - a critical partner for law enforcement agencies across the country. Read More...
 
Hero MotoCorp Ltd announces Tiger Woods as its First Global Corporate Partner
Hero MotoCorp Ltd (HMCL), the world's largest manufacturer of two-wheelers, today announced 14-time major champion Tiger Woods as its Global Corporate Partner.

Woods joins the New Delhi (India)-headquartered Hero - a keen promoter of various disciplines of sports for over two decades now - at a time when the company is aggressively expanding its global footprint. Read More...
 
MRF plans to ramp up its manufacturing facilities
MRF Tyres, as per media reports, is planning to increase its manufacturing capacity across eight of its plants, which will attract an investment of Rs. 4000 crore.

The expansion plan is initially proposed to be executed in the next three years, and will be used in ramping up the manufacturing facility along with the introduction of new products. Read More...
 
Ford India Rekindles Festive Spirit with 'Diwali Returns' Across its Dealerships
Reigniting the spirit of festivities with exciting offers on new vehicle purchase, Ford India is bringing back the celebration to its dealerships with a unique, customer-focused campaign - 'Diwali Returns'.

Celebrated from Dec. 3 to Dec. 7, Diwali Returns will offer exciting schemes and assured gifts to customers on its technologically advanced, fuel efficient, safe and reliable cars. Customers booking a Ford vehicle during the five-day period will win assured gifts such as LED TVs, washing machines, microwaves, smartphones and more, worth up to Rs. 5 crore. Read More...
 
Gautam Hari Singhania first Indian to race at Ferrari Finali Mondiali 2014
A keen enthusiast of fast machines since his childhood, Gautam Hari Singhania, Chairman and Managing Director, Raymond Limited is the first Indian to reach the finale of the world's biggest Ferrari event - Finali Mondiali, to be held from 3rd to 6th December 2014 at Abu Dhabi's Yas Marina circuit. This extravagant racing event for the first time in the history will be hosted outside Europe. Read More...
 
Volkswagen India wins 'Safety Technology of the Year' Award
Appreciating the efforts taken by Volkswagen India of introducing Dual Front Airbags for driver and co-driver as a standard safety feature across all variants of Volkswagen Polo, Auto Tech Review magazine honoured the company with 'Safety Technology of the Year Award' at its first 'Indian Automotive Technology and Innovations Awards' ceremony held in New Delhi. Read More...
 
Toyota Motor Corp will recall 190,000 vehicles in Japan and China
After Honda, its now the turn of Toyota Motor Corp, which will recall 190,000 vehicles in Japan and China to replace potentially defective front passenger-side air bags made by Takata Corp, adding to the woes of the consumers.

Toyota will recall 185,000 vehicles across 19 models including the Corolla and Alphard in Japan. Another 5,000 cars will be recalled in China. Read More...
 
Apollo Tyres launches India's largest loader tyre at IMME
Apollo Tyres launched AWL 822, the largest loader tyre produced in India, at the ongoing 12th International Mining and Machinery Exhibition (IMME) 2014 in Kolkata. The company also introduced ALT 188 TX tyre with the industry's first traction tread design at the exhibition. Read More...
 
Rolls-Royce delivers 1,500th Trent 700 engine
Rolls-Royce celebrated the delivery of its 1,500th Trent 700 engine, with customer AirAsia X. The engine first entered service in 1995 as the first member of the Trent engine family  today it has accumulated more than 30 million flying hours and is in service with 66 operators. More than 1,650 Trent 700s are now in service or on firm order, making it the largest Trent engine fleet in service. Read More...
 
JK Tyre showcases the largest tyre in India at IMME 2014
JK Tyre & Industries, pioneers of radial tyres in India, announced the commercial launch of the biggest ever tyre in India at this year's 12th International Mining & Machinery Exhibition in Kolkata. The company also launched 18.00-25 VEM Smooth tyre underlining company's aggressive approach to enhance presence across industries and geographies. Read More...
 
Hyundai's first ever corporate campaign, Life is Brilliant crosses over 4 million views
Hyundai Motor India Ltd (HMIL) the country's second largest car manufacturer and the largest passenger car exporter launched its first-ever corporate campaign focusing on India, 'Life is Brilliant' on 22nd Nov, 2014. The campaign designed to illustrate Hyundai Motor India's aim of making customer's lives happier has received an overwhelming response on the digital space garnering over 4 million views on YouTube in less than two weeks. The campaign has resulted in striking an emotional connect with Indian consumer and has created a buzz in the digital medium by trending and becoming the most watched YouTube viral film in the Hyundai portfolio in India. Read More...
 
INTERNATIONAL NEWS
 
Jaguar Land Rover settles dispute with worker union; agrees on revised pay offer
Looks like there is much to cheer about for the Tata Motors owned Jaguar Land Rover workers, as the management of JLR has accepted the worker Union's demand for a better remuneration.

Unite, the union representing the staff at JLR has communicated that the management has accepted their revised offer to pay a total of 12.4% over two years and withdrawn plans to scrap its final salary pension scheme. Read More...
 
Kia Soul EV triumphs at Canadian Car of the Year Awards
The all-new 2015 Kia Soul EV has been announced as the winner of the 'Best New City Car' award by the Automobile Journalists Association of Canada (AJAC). Kia Canada was presented with the award as part of the Canadian Car of the Year Awards program. Read More...
 
Jaguar likely to recall 2,877 models of the Jaguar XJ brand in China
As a safety measure, it is likely that Jaguar will recall 2,877 models of the Jaguar XJ brand in China due to a brake problem.

General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ), which is an industry watchdog has issued a statement asking Tata Motors owned Jaguar to recall these vehicles. Read More...
 
Jaguar Land Rover extends Castrol's global lubricant contract
Castrol has announced the renewal of their global aftersales lubricant contract with Jaguar Land Rover, extending the long established relationship.

Castrol and Jaguar Land Rover have worked in close co-operation for over 20 years, 11 of which as technology partners. This new agreement will bring Jaguar Land Rover and Castrol closer together in areas such as pioneering technology, dedicated lubricant supply, aftermarket support and joint brand activation. Read More...

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