Nissan India domestic sales increase 24.86% in Feb
The Dollar Business Bureau Indian arm of Japanese auto major, Nissan Motor Company, Nissan India reported an increase of 24.86% in its domestic sales at 4,807 units in the month of February compared to 3,850 units in the same month in 2016. The strong performance in sales in the given month is attributed to the ongoing growth in the sales of Nissan and Datsun brands in the country, such as Datsun redi-GO and Nissan Micra," Nissan said in a statement on Thursday. “Our growth story has been driven by the continued success of Datsun redi-GO,” said Arun Malhotra, Managing Director, Nissan Motor India. Under its Nissan and Datsun brands, the automaker sells vehicles across various segments in India such as hatchback, SUV, MUV and ...
Indias auto exports decline over 11% in July
The Dollar Business Bureau India’s overall automobile exports have declined 11.53% at 3.05 lakh units in July 2016 when compared to 3.44 lakh units in the same month last year, as per the data released by Society of Indian Automobile Manufacturers (SIAM) on Wednesday. During the month, the exports of Passenger Vehicles (PVs) and Commercial Vehicles (CVs) have registered a growth of 3.23% and 13.21% respectively. But, the exports of three-wheelers and two-wheelers have witnessed a dip by 21.86% and 14.61% respectively in July 2016 over the same month previous year. According to SIAM data, total automobile exports decreased by 10.2% at 11.34 lakh units in April-July 2016 against 12.63 lakh units in the corresponding period last year. While exports ...
Mahindra's auto exports increase 41% in June
The Dollar Business Bureau Mahindra and Mahindra Ltd (M&M) has exported 4020 vehicles in June 2016 registering a healthy growth of 41% against the auto exports of 2852 units in the same month last year. The company has seen 25% growth in exports at 10569 units in the first quarter of this financial year when compared to 8449 vehicles exported during the corresponding period previous fiscal. The SUV manufacturer has sold 39011 vehicles in June 2016 against 36134 units in the same month previous year, representing 8% growth in overall sales including exports. During the first quarter of this fiscal, the company’s total sales rose 11% at 121530 units when compared to 109567 units sold in the corresponding period last financial year. Pravin ...
Isuzu opens plant in AP, to roll out 50k vehicles
The Dollar Business Bureau Japanese automaker Isuzu Motors India (IMI) inaugurated a new state-of-the-art plant at Sri City, Andhra Pradesh and expects to reach a production level of 50,000 units per year in the coming three years. The plant was inaugurated by N Chandrababu Naidu, Chief Minister of Andhra Pradesh. The automaker rolled out its D-Max V-Cross - India’s first adventure utility vehicle, from this newly-opened facility. The company earmarked an investment of Rs.3000 crore for the project. Spread over an area of 107 acres, this local manufacturing facility has the production capacity of 50,000 units, which in future can be scaled up to 120,000 units. According to the company release, at the start of production, the new generation of Isuzu D-Max vehicles will be manufactured ...
Bajaj V exports to start next fiscal, post domestic commitments
We have been getting a lot of enquiries from our major export markets in Africa, Latin America. West Asia and Turkey, says Sumeet Narang, Vice president (Marketing), Bajaj Auto Ltd The Dollar Business Bureau The 150v Bajaj V, made of metal from dismantled Indias first aircraft carrier INS Vikrant, was launched on February 1, 2016. In an expansion move, automobile major Bajaj Auto Ltd. has recently announced that export of its latest commuter vehicle- Bajaj V would happen in the next fiscal only after domestic commitments are met. Sumeet Narang, Vice president (Marketing), Bajaj Auto Ltd, has reportedly given an official confirmation in this regard. "We are looking at exports of Bajaj V. Post its launch, we have been getting a lot of enquiries ...
'Auto exports poised for higher growth this year'
Deepak Kumar | The Dollar Businesss Despite the global slowdown, India’s auto exports are likely to gain further momentum as there are favorable reasons to expect wide-scale growth, said experts. “Currently, India’s automobile industry is at a very interesting curve. Last year was great from the point of view of India’s automobile exports. Despite the global slowdown, India’s auto export is expected to scale further,” an industry expert told The Dollar Business. In April-August 2015, India’s automobile exports grew at 8.60%. Commercial vehicle exports recorded the maximum growth at 25.86%, followed by three wheelers at 23.53%, two wheelers at 6.60% and commercial vehicles at 4.92% over the same period last year. In the financial year 2014-2015, overall automobile export registered a ...
'Auto component makers must focus on quality to reduce imports'
The Dollar Business Bureau The automobile industry has asked their component suppliers to focus on developing technology-based high-end products through improvisation and innovation in order to match global quality standards and reduce imports. “What the industry has achieved in last 10 years is commendable. 3x (three times) growth in revenue, 5x (five times) growth in export, but at the same time export is lower than the import. That means approximately Rs.80,000 crore sitting there, which could come on this side of ‘Make in India’ when you import it,” said Pawan Goenka, Executive Director & Group President (Automotive & Farm Sector), Mahindra & Mahindra. “We still lack technology to develop high-end components,” Goenka said citing an example of air bags that are ...
