MUMBAI: Maruti Suzuki BSE 0.67 % and Hyundai Motor India, the country's top two car makers, are hopeful of meeting their annual production targets despite a slump in demand after the government's demonetisation move. 

Industry executives ET spoke with said the two companies are likely to top their internal targets on the back of significant order backlog for some models. Production at Maruti Suzuki may touch 1.58 million to 1.6 million units by the end of the current fiscal against the internal target of 1.565 million, said several people in the know of the plan. 

RC Bhargava, chairman of Maruti Suzuki, confirmed that the company will meet its annual target by producing over 1.5 million units despite the demonetisation move, but declined to give an exact figure. 

"We are doing better than others. After an initial blip in bookings in November there has been pick up in momentum of bookings. Clarity on annual numbers will emerge only by January. Continuous innovation and the ability to understand the customers' needs have helped us sustain our volume growth and market share over the years," Bhargava said. 

"Brand perception, ease of maintenance, spare parts' cost, distribution and sales network, all play a big part going ahead in the future." 

The company is likely to end FY17 with a market share of over 47%, its highest in the last decade and a half. On the back of strong retail offtake in the festive month of October, Maruti Suzuki posted year-on-year sales growth of 14% in November, the same month demonetisation was announced. 

NEW DELHI: Tata Motors owned Jaguar Land Rover today announced the launch of new Range Rover Evoque, 2017 range priced between Rs 49.10 lakh and Rs 67.9 lakh (ex-showroom, Delhi).

"The Range Rover Evoque has gained immense popularity and success since its launch in the Indian market and today we are excited to introduce the 2017 Model Year New Range Rover Evoque to our customers," JLR India President Rohit Suri said in a statement.

With the introduction of the Ingenium 2 litre diesel engine, the 2017 Model Year New Range Rover Evoque becomes the first Land Rover in India to get the much awaited power-train, it added.
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The model will be available in six variants.

In India, the Land Rover portfolio comprises Discovery Sport at a starting price of Rs 47.59 lakh, Range Rover Sport tagged at Rs 1.18 crore to the flagship Range Rover costing Rs 2.13 crore besides the Range Rover Evoque.

 Source :  Jaguar Land Rover launches new Range Rover Evoque priced up to Rupees 67.9 lakh

NEW DELHI: Tata Motors BSE -0.56 % owned Jaguar Land Rover today announced the launch of new Range Rover Evoque, 2017 range priced between Rs 49.10 lakh and Rs 67.9 lakh (ex-showroom, Delhi). 

"The Range Rover Evoque has gained immense popularity and success since its launch in the Indian market and today we are excited to introduce the 2017 Model Year New Range Rover Evoque to our customers," JLR India President Rohit Suri said in a statement. 

With the introduction of the Ingenium 2 litre diesel engine, the 2017 Model Year New Range Rover Evoque becomes the first Land Rover in India to get the much awaited power-train, it added. 

In India, the Land Rover portfolio comprises Discovery Sport at a starting price of Rs 47.59 lakh, Range Rover Sport tagged at Rs 1.18 crore to the flagship Range Rover costing Rs 2.13 crore besides the Range Rover Evoque. 

Source :  Jaguar Land Rover launches new Range Rover Evoque priced up to Rupees 67.9 lakh 

PARIS: Chasing volumes in India, French car major Renault plans to launch more products in the high selling sub-four meter category even as it prepares to get past 5 per cent market share by the end of 2017.

The company, which currently sells five models in the country including SUV Duster and hatchback Kwid, plans more 'Made in India' products and to introduce one new car each year as parts of its "product development strategy".

"In India most of the cars -- over 70 per cent are less than 4 meters. The weight of mini segment where we have Kwid is 25 per cent. So we have a large space to make our portfolio," Renault India Operations Country CEO and Managing Director Sumit Sawhney told PTI.

With 4-meter plus SUV segment, where the company has Duster, remaining in slow lane, it is the sub-4 meter SUVs and sedans which are bringing in volumes for the industry, he added.

"So clearly we have to bring vehicles in segments where we are not present and segments which can bring volume to us. This is what the strategy is. That's how there will be one new car coming every year," Sawhney said.

When asked if the company is planning to introduce a compact SUV anytime soon in the country to take on Maruti's high selling Vitara Brezza, Sawhney said: "I would not confirm anything right now.

"When I said for the first time that we will be launching a mini car people used to say this is a segment where nobody has succeeded. But you know what we got was a game changer in innovation. So, you will see innovation and game-changing products coming from Renault's side in every launch."

The company does not want to follow "me too" strategy, he added.

"Whatever car we want to bring, we want to bring volumes with that car. We won't bring a car just for the heck of bringing a car," Sawhney said.

The company, he said, is in the process of transitioning to mainstream products, moving away from the earlier strategy of having SKD and cross badged products.

"When we started our journey in India we had a joint venture and we wanted to come back to India very fast, so we adopted a bridge strategy. It was on back of SKD (semi-knocked down) products and cross badging products. This was only done to immediately come back," Sawhney said.

With three mainstream products -- Duster, Lodgy and Kwid, the company is now moving more towards the mainstream strategy, he said.

Source :  Renault plans to bring volume-driver models in India

MUMBAI: Chevrolet India has announced special year-end discount prices across its models - Beat, Enjoy, Cruze, Trailblazer and Sail, amounting up to Rs 1.89 lakh. In addition to the special pricing and offers on the cars, lucky customers may get a chance to win up to 100% cashback on their brand new Chevrolet.

"We are a brand with a clear focus on our customers, where safety, quality and world-class experience are natural elements in all our campaigns. After receiving positive response to the retail campaign announced in November, we decided to further extend the festivities with the new-year celebrations offer," said Jack Uppal, Vice President Marketing & Customer Experience, GM India.

"We wanted to go that extra mile to delight our customers with the new year-end campaign. The campaign is in sync with Chevrolet’s promise to provide customized solution to customers. This is a great time to purchase Chevrolet cars, as customers will get the best value for their money along with complete piece of mind giving them a truly satisfying ownership experience."

After the discount, Chevrolet Beat now costs Rs 3.69 lakh, Sail NB - Rs 4.99 lakh, Enjoy - Rs 5.99 lakh, Cruze - Rs 12.95 lkah, and Trailblazer - Rs 23.95 lakh. 

Source : Chevrolet offering discounts up to Rs 1.89 lakh across its models