Andhra Pradesh likely to bag Rs 10,000-crore Kia project

Source: The Economic Times, Apr 17, 2017

HYDERABAD | MUMBAI: South Korea’s Kia Motors may put in as much as Rs 10,000 crore in one of the biggest foreign direct investment projects in India, with the Hyundai Motor unit selecting Andhra Pradesh for its maiden facility after a two-year, four-state search in Asia’s third-largest car market.

Two persons aware of the development told ET that Kia, a unit of South Korea’s biggest carmaker, has chosen Penukonda in Anantapur district in southern Andhra Pradesh, which is starting the process of buying land for the factory. Kia’s choice of Andhra Pradesh — amid intensifying interstate rivalry to draw investments as part of the Make-in-India initiative — helps reinforce N Chandrababu Naidu’s credentials as a business-friendly chief minister. Read the rest of this entry »

India a step away from a modern motor vehicle law

Source: LiveMint.com, Apr 11, 2017

New Delhi: India is a step away from a game-changing legislation that will revamp the laws governing transportation in the country, with the Lok Sabha on Monday passing the Motor Vehicles (Amendment) Bill, 2016.

The changes are significant as they will, for the first time, acknowledge the fundamental reordering of mobility with the introduction of laws recognizing app-based taxi operators.The amendment to the motor vehicles Act will now be introduced in the Rajya Sabha on Tuesday. If the House does not suggest any further changes, then it will be moved to the President for his assent.

The changes on the anvil include linking driving licences and vehicle registration with a person’s Aadhaar number, stringent penalties for traffic violations, protecting good Samaritans and making road contractors liable in case of accidents due to faulty road design.

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Italian super bike maker Ducati expects to double India sales in 2 years

Source: Business Standard, Apr 10, 2017

Chennai: Italian superbike maker Ducati expects to break-even by next year in India. Having crossed the 1,000-bike sales mark last year, the company expects to sell 600 units this year.

According to Ducati India, its operations in the country will be profitable by the end of 2018.Ducati started operations in India in March 2015 and established six dealerships across Delhi NCR, Mumbai, Pune, Bangalore and Ahmedabad.Ravi Avalur, managing director, Ducati India, said that India is one of the fastest growing motorcycle markets and has great potential for future growth.

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BMW officially brings its bikes to India

download (8).jpgChennai: BMW Motorrad today officially announced starting of its operations in India as a part of the Indian subsidiary of BMW Group. Earlier, BMW Motorrad was operating in India with importers who had sales outlets in Mumbai and New Delhi.

Dimitris Raptis, Head of Region Asia, China, Pacific, South Africa, BMW Motorrad said: “BMW Motorrad is one of the world’s most tradition-steeped and successful motorcycle brands. The Motorcycle division is the part of our company that’s firmly anchored in its heritage and will continue to make a contribution to the BMW Group’s success in the future. BMW Motorrad has already become the most anticipated and exhilarating brand to enter India. We see a tremendous potential in this country and we are pleased to introduce BMW Motorrad as a part of the Indian subsidiary of BMW Group.”

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UK car exports to India grow 11-fold in 7 years, Jaguar Land Rover top list

Source: IBEF.org, Mar 23, 2017

New Delhi: According to UK’s Society of Motor Manufacturers and Traders (SMMT), car exports from UK to India have grown 11 times in the past seven years to 3,372 cars in 2016, led by Jaguar and Land Rover models owned by Jaguar Land Rover, a subsidiary of Tata Motors. Discovery Sport, Range Rover Evoque, Jaguar XF, Jaguar XE and Jaguar F-Pace are the top five best-selling models in India. On the other hand, car registrations of Indian models in UK rose 12.6 per cent to 31,535 in 2016. The Indian automotive aftermarket bought car parts from UK worth GBP 14 million (US$ 17.48 million) in 2016 and is expected to grow 15 per cent per year over the next five years.

 

Passenger vehicle sales up 9% in February: SIAM

Source: The Economic Times, Mar 10, 2017

New Delhi: Sales of passenger vehicles grew by 9.01% to 255359 units in February, as per data released by industry body Society of Indian Automobile Manufacturers (SIAM).

While sales of commercial vehicles went up by 7.34% to 66939 units last month, those of two-wheelers remained flat at 1362045 units.

Overall, sales of vehicles across categories went up by 0.94% to 1719699 units in February.

 

Passenger vehicle sales recover from demonetisation jitters

indexSource: LiveMint.com, Feb 10, 2017

New Delhi: Sales of passenger vehicles grew the fastest in four months in January with consumers appearing to have shrugged off the impact of demonetisation. Sales of two- and three-wheelers, however, continued to decline.

Sales of passenger vehicles, including vans, cars and utility vehicles, in January grew 14.4% from a year ago to 265,000 units, according to data compiled by Society of Indian Automobile Manufacturers (Siam). The segment grew 19.9% in September.

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