Pune

Yamaha launches new Saluto 125 and Saluto RX bikes

Yamaha Motor India, the subsidiary of Japanese two-wheeler giant Yamaha Motor Company, on Thursday expanded its bike range with the launch of two new variants to its Saluto bike lineup – the Yamaha Saluto 125 UBS and Saluto RX 110 UBS to boost sales in Asia’s third biggest economy.

The new Yamaha Saluto 125 UBS is available with drum brake and disc brake, priced at Rs 58,800 and Rs 60,500 respectively.

Both new variants get Unified Braking System (UBS) to meet the government safety norms that will be mandatory for all the bikes under 125cc from April 1, 2019. 

Tepid demand forces carmakers to slash production 21%

Passenger vehicle manufacturers across brands in India, including market leader Maruti Suzuki and Hyundai, have cut production sharply by 21 per cent to adjust to slowing demand. Maruti Suzuki and Hyundai command nearly 70 per cent of the market share in the world’s fifth and Asia’s third largest car market.

Continental to start production at Pune factory in 2020

German technology company Continental is setting up a factory in Pune with an initial investment of Rs 180 crore to manufacture premium surface materials for the automotive industry in 2020.

The €44 billion company will supply premium interior decorative materials such as the acella eco artificial leather to luxury carmakers like Mercedes-Benz, BMW, Audi, Volvo and mass car makers such as Maruti Suzuki, Tata Motors and Mahindra and Mahindra, among others, in the country.

Nov auto sales decelerate on low consumer sentiment

The Indian automotive industry is facing a slowdown despite overtaking Germany this year to become the world’s fourth biggest automobile market.

After the lacklustre festive season and softening of sales in October, it is bad news for passenger as well as commercial vehicle manufacturers in Asia’s third biggest economy.

Kia targets fifth position in India within 3 years

New entrant Kia Motors, the world’s 8th biggest South Korean car maker by sales, is charting out a strategic game plan to be the fifth largest car maker in India within three years.

The new brand would take on market leader Maruti Suzuki, its own sister brand South Korean Hyundai, India’s second largest car maker, Mahindra, Tata Motors and Honda.

BMW 6-Series GT is luxury & practical

In the growing luxury car market in India, the mid-size luxury sedan space offers multiple options for buyers. With the recent launch of the Mercedes E-Class LWB, a game changer model in the country, its German archrival BMW started feeling the heat.

But soon the Bavaria-based automaker introduced the BMW 6-Series Gran Turismo (GT for short) to take on competition and provide a good product for the competitive Indian luxury car market.

I took a long test drive to check it out.

Commercial vehicle growth remains strong despite liquidity crunch

The commercial vehicle (CV) segment in India is expected to grow despite the liquidity crunch and decline in profitability from fleet operators, credit rating agency, Icra said in its year end assessment.

Tightened financial scenario would have a near- term impact on commercial vehicles or CVs and small fleet operators (SFOs) with relatively weak credit profile would have biggest impact, the report said.

Passenger vehicle sales decline on adverse macro economic factors

The passenger vehicle sales in November got into a negative territory with two biggest car manufacturers Maruti Suzuki and Hyundai, which command nearly 70 per cent of the market share, reporting decline in offtake during the month in Asia’s third biggest car mart. Analysts said unfavourable base effect, and adverse macro economic conditions such as high fuel and interest costs dented the monthly sales of some manufacturers.

New Jaguar XJ50 drives into India

Tata Motors-owned British luxury sports car maker Jaguar Land Rover on Monday launched a special edition of its Jaguar XJ model called XJ50 to celebrate five decades of the XJ being on sale globally. Bookings for the company’s flagship luxury saloon are now open in India.

The Jaguar XJ50, which measures over 5.2 metre in length, is one of the longest saloons on sale in the country. With a price tag of Rs 1.11 crore in India, the range-topping Jaguar sedan rivals flagship models from Germany’s big three brands such as the BMW 7 Series, Mercedes-Benz S-Class and the Audi A8.

Tata Trusts, Mars Inc to fight malnutrition

Mars, the $35-billion American family-owned global manufacturer of confectionery, and Tata Trusts plan to tackle malnutrition among schoolchildren in the 6-18 age group in all population segments by delivering enhanced nutrition products manufactured locally in the country.

The two partners introduced the GoMo Dal Crunchies, priced between Rs 10 and Rs 20, for school children, pregnant and lactating women initially in Maharashtra and Uttar Pradesh through select NGOs and other partner organisations.

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