manufacturing the Royal Enfield, is all set to invest Rs 600 crore this fiscal
in a new plant, product development and in the R&D centre. The company also
said production capacity will touch 9,00,000 units by fiscal 2018 end.
Speaking to reporters at
the company's facility at Oragadam, near Chennai, Siddhartha Lal, managing
director and CEO, Eicher Motors, said by end of the current year, total capacity
will be around 6,75,000 units, which is more than two lakh units compared to
The first phase of
Vallam Vadagal facility, which will be 7 kms from the Oragadam facility, will
be ready by September 2017. This facility will take the company's total
capacity to 9,00,000 units.
Portion of the proposed
Rs 600-crore investment will go into the facility, while the balance will be
towards proposed new engineering centres at Chennai and the UK and for product
Lal said the company
will be operating in 2 or 3 platforms, while there will be some delete and add.
The recent addition was
Himalayan platform. The company started rolling out products and is currently
selling around 1,000 units a month. The company hopes to increase it as the
product will be available across dealerships.
Lal said RE focus would
be 250-750cc and besides the Indian market, the company will focus on South
East Asia and Latin America.
Source: Eicher Motors to invest Rs 600 crore this fiscal
brand is emerging as a serious contender to the Harley Davidson motorcycles in
the global market. The brand is jointly owned by Bajaj Auto and KTM AG of
Austria. The gap between KTM and Harley Davidson bikes in the global markets is
not so wide as it existed earlier, said Bajaj Auto MD Rajiv Bajaj.
KTM is now at the number two slot. In 2015, KTM sold 1.81 lakh bikes while
Harley Davidson sales were at 2.66 lakh. “Ten years ago, KTM sold 65,000 units.
This year, KTM will have sales in excess of 200,000 units and further reduce
the gap with Harley Davidson,” Bajaj said. Every third KTM sold across the
world in the US, Japan, France, Australia and Brazil is made by Bajaj Auto, he
The KTM is
a niche super-sports bike and Bajaj says it has an 80% share of this market in
India. A lot of this growth for KTM this year onwards will come from their
joint foray into the emerging markets in the south. Bajaj and KTM have decided
to go together in the ASEAN markets and will expand the KTM brand into the
emerging markets, Bajaj said.
been working on this for the last one year and are deciding on which product to
take to this market, he added. Bajaj Auto and KTM entered an agreement in March
this year to establish the KTM brand in Indonesia, the largest market in
holds 48% stake in KTM AG of Australia through Bajaj Auto International
Holdings, a 100% subsidiary based in the Netherlands. The company has invested
R1,219 crore and KTM has a market cap of R10,020 crore. Bajaj is planning a
blitzkrieg of KTM products this year, including bringing the Husky brand to
India. Last year, Bajaj Auto manufactured 69,532 units of the KTM Duke at its
Chakan plant. Of this, 30,362 units were sold in the domestic market through
the Pro-Biking network, while 38,926 units were exported to KTM and KTM
distributors. In 2015, KTM motorcycle sales grew 32%.
BANGALORE: Indian automobile manufacturer Tata
Motors has successfully delivered first 50 cars to drivers on the Uber platform
in Bangalore, on Monday. With an aim to foster micro-entrepreneurship in
Bangalore , the initiative offers driver partners on the Uber platform a
comprehensive vehicle purchase and ownership solution with a down payment of Rs
30,000 and a speedy funding within seven to ten days.
Nakul Gupta, Regional
Manager, PVBU, Tata Motors said, "We are delighted to have partnered with
Uber to deliver seamless solutions for drivers in Bangalore. Reiterating our
commitment to our partnership, this initiative will help solve the problems
faced by drivers at the time of buying a car, by removing hurdles and making
the buying process as smooth and quick as possible."
The 'Tata Offer' entails
the purchase of fuel-efficient cars like Indica and Indigo, from Tata Motors
using flexible financing solutions from Tata Capital Financial Services and
Tata Motors Finance, for drivers. Tata Motors has supplied 31 Indicas and 25
Indigos to the driver partners with a hope to enable more than 20,000 drivers
on the Uber platform. Customers will also receive free accessories, GPS,
external warranty and insurance in this offer.
Motors has enhanced its service initiatives in Karnataka and with increased
focus on service infrastructure, service quality and service offerings at
workshops, the Company has jumped to No 2 position in the Customer Service
Index, 2015 in Bangalore with a score of 940 points. Tata Motors will continue
to offer industry leading service offerings and will also support Driver
partners of Uber with best-in-class after-sales-service across 11 service
workshops in Bangalore.
Source : Tata Motors Delivers 50 Cars to Uber Drivers In Bengaluru
TUV300, the popular subcompact SUV from the home-grown utility vehicle
manufacturer will now be available in a new Bronze Green colour option.
Launched to celebrate our 70th Independence Day, the new colour scheme will be
available across variants in made-to-order basis.
you remember, when Mahindra launched the sub-4 metre SUV last year in
September, the carmaker largely emphasised on the TUV300's battle tank inspired
design concept. It was a key selling point for Mahindra and this new colour
option goes really well with that theme. In fact, the new Bronze Green colour
scheme to an extent even matches the military green colour used by the Indian
the time of its launch, Mahindra TV300 was available in a similar green colour
option, christened Combat Green, which was also available on the made-to-order
basis. These special colours are available as an optional extra from Mahindra's
in-house customisation division. Now the carmaker hasn't mentioned anything
about the additional premium this special colour option will command but it
might vary depending on the dealerships.
TUV300 - Verve Blue
from this new special colour, the Mahindra TUV300 continues to come in the standard
colour scheme as well, which includes - Dynamo Red, Bold Black, Molten Orange,
Majestic Silver, Verve Blue, and Glacier White. In terms of features, nothing
has changed as the car continues to come with offerings like - driver
infotainment system, piano black console, volume and telephony controls on the
steering wheel and more. The cabin also remains unchanged and gets the same
standard Beige-Brown dual tone colour scheme.
the hood, Mahindra offers the TUV300 with two engine option - mHawk80 and
mHawk100. Both the versions use the same 1.5-litre motor but in different
states of tune. The mHawk80 churns out 84bhp in the manual variants and 81bhp
in the AMT variant with the peak torque remaining the same at 230Nm. As for the
more powerful mHawk100, it churns out a satisfying 100bhp and develops a peak
torque of 240Nm, while mated to either a 5-speed manual or a 5-speed AMT
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