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

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.

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