Toyota faces Rs 700 cr loss due to stockout

My dad recently booked the new Toyota Etios in Delhi. My first reaction to this was, “Are you sure dad…I mean Toyota is recalling so many models everyday…Can u trust them anymore.” The answer to which was yes. Well although the news of global recall didn’t hurt their consumer’s perception (based on my dad response to the recall). But today’s Financial Chronicle’s (FC) story sure is going to.

FC’s, front page story filed by Rupesh Subhash Janve, is a bad new for all new and prospective Toyota customers and dealers as well.

The Natural catastrophe which struck Japan a month back has not only worried the world with the nuclear radiations, but has hampered businesses as well. The Toyota Kirloskar Motor has not only lost its no 1 position to other automobile companies, but is now facing Rs 700 cr loss due to stockout.

“Companies like Toyota and Honda have strong brand equity. A lot of people will wait for another 4-5 months to take delivery of vehicles,” said Deepak Jain, assistant vice-president at Sharekhan.

I dont know how true that is… 21st century is a cut-throat one. There is no dirt of good quality design, efficient engines, and money. I think Toyota’s loss is other’s gain. What do you think?

Well I am sure this is not only Toyota’s condition but also other Japanese companies like Honda, Daihatsu, Nissan, Suzuki, Mazda, Mitsubishi, Subaru, Isuzu, Kawasaki, Yamaha, and Mitsuoka are going through the same.

To know more read about Toyota click http://www.mydigitalfc.com/companies/toyota-faces-rs-700-cr-loss-due-stockout-904

So what, if you can’t buy a Merceders-Benz… Merc busses is here to take you around the city

Cashing in on the growing city’s transportation sector, Mercedes-Benz India has announced its plans to launch low-floor 38 seat luxury busses in the third quarter of 2011. Other players in this sector are Volvo, Ashok Leyland and Tata-Motors.

Merc city busses are doing a trial run in Navi Mumbai and Mangalore with the state transport undertaking (STU). Earlier, Merc busses were on a trail run for a month with the STU’s in Bangalore, Mumbai, Mysore and Pune.

The chassis and bodies for the busses will be made by the company’s Chackan Plant near Pune.

Mercedes Benz also manufactures intercity, 2 axle and 3 axle busses. The 43-seat 2-axle inter-city coaches is priced at 75 lakh where as the 53-seat, 3-axle coaches are sold for 95 lakh.

Maruti Kizashi

Kizashi for Rs 16.5lakh for the manual variant, while the CVT is available at Rs 17.5lakh (ex-showroom, Delhi)

Nissan India registers highest ever monthly sales of 1857 nos. in Jan 2011

Chennai/Mumbai, February 1, 2011: Nissan Motor India Private Ltd (NMIPL) today announced that it has registered its highest ever domestic sales of 1857 nos. in the month of January 2011 as against 40 nos. in January 2010.

 

Out of the total 1857 units, Nissan Micra, the made-in-India Global compact hatchback, leads the sales figures with 1784 units in January 2011 as against 1057 nos. sold in December 2010. This is also the highest sales attained by Micra in a single month, ever since it started sales in July, 2010. The company has so far sold 8225 units of Nissan Micra since sales began on July 15, 2010.Out of the remaining, Nissan Teana, the luxury sedan (CBU) clocked 21 nos. in January 2011 as against 30 nos. in January 2010 and Nissan X-trail; the lifestyle SUV (CBU) registered sales of 52 units as against 10 nos. in January 2010.

 

The Nissan Micra comes with a standard manufacturers’ warranty of 2 years/50,000kms (whichever is earlier). In order to understand customer needs and resolve their queries, Nissan has established ‘Nissan Care’ – A Customer Contact Centre. Customers can reach Nissan by dialling Toll-free No 1800-209-4080 or alternatively by writing an email to customercare.hai@email.nissan.in

 

As part of its after-sales commitment, in an effort to handhold the customers and provide them with round-the-clock assistance, Nissan has introduced a host of customer care and service schemes including Extended Warranty and Roadside Assistance for its products starting with the Micra.

Grey Delhi zooms off with Honda Brio

Grey Delhi won the Honda Brio account. Brio is expected to be launched around September 2011. It is learnt that Grey won the business because of the effort it put in understanding the consumers of the upcoming car.

The under Rs 5 lakh hatchback offering is to be launched keeping the small town (tier 2 & 3) consumers in mind.

Grey Group provides direct marketing, branding, public relations, interactive, advertising and promotional communication services to companies.

Related Articles

• Honda brings Sub 5 Lakh “Brio” to India! (trak.in)
• Honda shows BRIO city car prototype (gizmag.com)

Asian automakers kick off 2011 on firm note

By Hyunjoo Jin and Chang-Ran Kim

SEOUL/TOKYO (Reuters) – Asian automakers, led by outperformer Hyundai Motor, got off to a strong start for 2011 with robust January sales as they gear up for the sector’s broad recovery.

But growth in China and India is seen cooling off, while an uneven recovery in advanced markets such as the United States and Europe remain a concern, analysts say.

“Hyundai posted firm sales despite concerns that its China sales would fall sharply because of the end of tax subsidies… Now the focus is its U.S. sales figures, which will be released overnight,” said Yoon Phil-joong, a Samsung Securities analyst.

“U.S. cars sales are expected to fall from December because of heavy snow and year-end inventory clearance. But the U.S. market should gradually recover this year, albeit not drastically,” Yoon said.

Hyundai and its affiliate Kia Motors, which outperformed their overseas rivals during the economic downturn, are set to report strong sales and earnings this year, driven by improved brand image and quality and new models, analysts said.

JAPAN SALES DROP TAMED

New auto sales in Japan, excluding 660cc minivehicles, fell 21.5 percent in January, declining for the fifth straight month after subsidies to replace older cars expired.

But the pace of decline slowed from 28.3 percent in December and 30.7 percent in November.

An industry official termed the drop as relatively tame, noting that sales volume in January represented a 7.4 percent rise from the same month two years ago.

“In December, sales posted a big drop so we were a bit worried, but the decline was limited to 21.5 percent,” said Michiro Saito, general manager at the Japan Automobile Dealers Association, noting that new and refreshed models such as Toyota Motor Corp‘s Vitz subcompact and Nissan Motor Co’s Serena minivan may have helped.

Saito, however, said it was too early to conclude that Japanese automobile sales had hit a bottom.

“For that, we will have to see a recovery in the real economy,” he said.

Maruti Suzuki, India’s top carmaker, reported a 14.7 percent rise in January car sales — its slowest pace of monthly growth since March as rising interest rates and higher fuel prices crimp demand for automobiles in Asia’s third-largest economy.

Source

@Reuters

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Porsche Latest 911 Black Edition

Porsche has revealed its latest special edition 911, the Black Edition. The Porsche 911 Black Edition is based on the Carrera Coupe and Cabriolet models and as the name suggests, it has a black theme running throughout.

Only 1,911 cars will sold all over the world.

Now thats a status symbol to own…

Arriving this Spring, Porsche has priced the Coupe at $81,300, while the Cabriolet will be priced at $91,300.

Tata Motors’ special scheme on Tata Nano for defence personnel

Mumbai, Jan 31 (PTI) Tata Motors today formally announced a special scheme on its small-car, the Tata Nano, for the defence personnel.

As a part of the scheme, Tata Motors is offering free comprehensive maintenance package for 4-years/60,000-km (whichever is earlier), a press release issued here stated. The offer is over and above the prevalent market offer.

The package covers normal wear-and-tear of the car (except tyres and batteries), thus providing complete freedom from all maintenance worries. The offer is valid till February 28, 2011, the release said.

Nano is available through CSD (Canteen Stores Department) for Officers and PBORs (Personnel Below Officer Rank).

Source

PTI

Noble M600

WOW! What a car…

Was all I could say after reading and ogling at the images of Noble M600 for more that 20 min. The streamline carbon fiber body of this sports car speaks of its light weight and high velocity. The look of the car immediately transported me to speed racing tracks and gripped my spine with the excitement of zooming from 0-100 kph in 3.5 sec.

M 600 is a ‘supercar’ designed by Noble Automotive Ltd., more commonly known as Noble. This British sports car manufacturer was established in 1999 by Mr Lee Noble. The company is known for producing high-speed sports cars with a rear mid-engine, rear-wheel drive layout. Various other beauties which are the part of product portfolio are M12 GTO, M12 GTO-3, M12 GTO-3R, Noble M400 and the latest M600.

Supporting the environmental cause, Noble Automotive offers ‘END OF LIFE’ service, where the company facilitates disposal of all its vehicles at the end of their useful life.  The collection, de-pollution and disposal in line with the Directive are arranged free of charge. Now I would say that’s a green company.

This super baby is powered by a 4.4-litre V8 Yamaha engine producing the enormous power of 650bhp at 6800 rpm (now that’s a powerful engine isn’t it) and torque of 604lb ft at 3200 rpm. Something aha! The top speed the car is estimated at 225mbh. It had a Graziano 6-speed manual transmission, (which is an absolute turn off for me when compared to Audi R8 V10 transmission box). Like all other cars manufactured by Noble, M600 is also real wheel drive.

Talking of the wheels, Noble has partnered with the Speedline to produce special wheels for M600. Made of forge aluminium alloy the front wheels are 9J X 19 and rear, 12J X 20. The Alcon, 380mm (front) and 350mm (Rear) semi floating disc with six and four piston caliper respectively adorns the wheels.

It is available in 15 different colours, ranging from white, silver, dove grey, mid grey, dark grey, black, red, orange, yellow, lime green, olive green, baby blue, mid blue, dark blue and very dark blue.

So with plenty of colour choices, M600 is prices at GBP200,000.

Sources

@noblecar.com

@autocarindia.com

@wikipedia.com

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