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India a Big Trade Mart for the Automobile sector

The automotive sector is one of the prime drivers of Indian economy. Economic liberalization policies adopted by government of India have primarily propelled India into the big league, with many global automotive players seeking to establish their operations in India. In fact in the last five years, India has turned into a big trade mart for the Automobile Industry, registering a growth rate of 15-27 percent.

And interestingly, the rise of Indian middle class and the simultaneous rise of the economy over the past few years have only charmed global auto majors to the Indian market. Moreover, India’s highly trained cheaper workforce has only added to its emerging status as a global manufacturing hub. All these plus points of the Indian markets on one hand and the recession faced by the auto sector in the developed markets like Europe, US and Japan on the other, have only resulted in increased capital flow to the Indian automobile sector.

Moreover, Indian car manufacturers are earning rare reviews in the wider world. According to Global 200: The World’s Best Corporate Reputations List, compiled by US-based Reputation Institute, India automaker, Maruti Suzuki India Ltd (MSIL) has earned the status of being the fourth most reputed auto company in the world, even ahead of its parent company Suzuki Motor Co of Japan.

Indian a big mart for original equipment manufacturers (OEMs)

Tata and Mahindra & Mahindra are the leading names in the Indian original equipment manufacturers (OEMs) segment, creating waves on the global arena too. And given the stiff competition, Indian OEMs are continually upgrading their technology and are producing superior quality vehicles.

Indian original equipment manufacturers (OEMs) like Tata and Mahindra & Mahindra are leading from the front on the global scene. And with India Inc facing increased competition from the global players, Indian OEMs have also been upgrading their technology and are manufacturing better-quality vehicles.

‘Economical Engineering’ has being the flavour of the Indian automotive industry, with Indian OEMs making the best use of its cost-efficient and highly –skilled work force. Also, the skillfulness of their suppliers has helped them in reducing costs and the manufacturing time. In fact, OEMs all across the globe are making a beeline to India to gain access to India-based design and development centers.

Production

In the recent years, India has emerged as the big mart for foreign automotive manufacturers.

• Japanese auto major, Nissan Motor Co, has chosen India among the five low-cost countries to manufacture its GenNext compact cars, including the Micra.

• Hyundai has converted India into its global hub for manufacturing small cars. By 2013, the company plans to invest US$ 1 billion in its second plant in Chennai. The company is also planning to invest US$ 40 million in its R&D facility in Hyderabad.

• General Motors till date has invested around US$ 1 billion into its Indian operations. The factory of its small car, Spark has been set up in Maharashtra, with an investment of US$ 300 million. The company also intends to make India its focal point for manufacturing of export engines, power trains as well as cars for neighbouring countries like the US and Europe.

• Mercedes-Benz plans to invest around US$ 64. 21 million in its plant near Pune. The plant will apparently have a production capacity of 2,500 trucks and buses and 10,000 cars over two shifts every year.

• Renault has entered into partnership with Nissan Motors to set up a manufacturing facility near Chennai at a cost of US$ 901.35 million to manufacture 400,000 cars annually.

• Skoda Auto is planning to make India its regional manufacturing hub. The company plans to start manufacturing cars in India by 2010 with a target of 50,000 units.

• Tata Motors plans to manufacture 80,000 units of its much awaited Nano at its Pantnagar plant in Uttarakhand in 2009-10. The mother facility at Sanand, in Gujarat, may be fully operational by 2010-11 and will have a capacity of producing 1, 50,000 cars annually.

Exports

Export figures of 2008-09 are a testimony to India’s growing status as big trade mart for the automobile industry. As per the data released by the Society of Indian Automobile Manufacturers, the passenger car sales in the overseas markets registered a growth of 63.01 pe+r cent during April-January 2008-09.

Exports scaled up to 2, 71,999 units as against 1, 66,859 units in the corresponding period in the previous year.

The growth in exports is primarily driven by Hyundai Motor India, followed by other auto companies such as MSIL, Mahindra Renault, Fiat India Automobiles, General Motors India and Honda Siel Cars India.

During April-December 2008, Hyundai Motors registered a growth of 100 per cent in exports with 198,600 units.

At 620,880 units as of December 2008, Bajaj Auto has clocked an increase of more than 35 per cent in exports.

Mergers& Acquisitions (M&As)

M&As have emerged as the key driving force in the Indian automobile industry. Recognizing India’s potential as a big automobile trade mart, Japanese, European, Korean, French, Italian and American automobile companies have either set up their manufacturing base in India or have joined hands with Indian automotive firms to launch new products in the Indian market. The list comprises Toyota, Renault, Nissan, Fiat, Kawasaki, Honda, Cummins and many more. Even, Indian companies have gone ahead and acquired foreign automobile companies to strengthen its presence in the global market.

One of the most publicized acquisitions in 2008 has been that of Jaguar-Land Rover by Tata Motors for US$ 2.3 billion. Even Mahindra & Mahindra had taken over three Italian companies — G R Grafica Ricerca, Metalcastello and Engines Engineering, during that period.

Other significant developments in this area include:

• Tata Motors,is planning to set up a dealership network for Jaguar-Land Rover in India. • The Auto Park established in Andhra Pradesh has received a whopping investment over US$ 401.55 million from about 34 automotive ancillary units.

• Toyota Kirloskar Motor Private Ltd (TKM) will be investing an added US$ 311 and around 83 million in its second plant, thereby taking the total investment in the plant to US$ 641.74 million.

Preserving Growth

• Mercedes Benz India witnessed strong growth in 2008 with 3,625 cars (46 per cent growth), 240 trucks (53 per cent growth) and 16 bus chassis being sold.

• BMW India sold over 2,500 units in 2008. In January 2009, for the first time ever, BMW beat Mercedes Benz in terms of sales, by selling 270 cars and sports utility vehicles (SUV) while Mercedes Benz, sold 89 units in January 2009.

• Audi reported sales of 1,050 units in 2008, a three times rise over 2007.

Luxury models to be launched soon include:

• BMW India launched the new BMW 3 Series for India in January 2009.

• German sports car maker Porsche will be introducing its Panamera in September 2009, which will be priced over US$ 1, 72,344.

• Skoda Auto India will be launching its three new variants of its hatchback Fabia in 2009. The company will also introduce a sports utility vehicle Yeti, in 2010.

India a big mart for Small Cars & Hybrid Cars

Electric car Reva is very much popular in South India. Other markets are also coming under its influence with too much emphasis now on going green these days. Few other car manufacturers like Hero Electric and M&M are also planning to launch electric versions.

The euphoria that Nano car generated has also inspired other auto giants to cash in on the massive potential of the small car segment.

According to the survey carried out by Invest India Incomes
and Savings Survey 2007, by IIM Data works and another study by CRISIL Research, there is a colossal demand for entry level cars in India. And as per the survey there is a demand for 1.6 million small cars in India. So naturally, all auto giants have pulled up their socks towards capitalizing in on the prospect of this segment.

1. Fiat plans to roll out ‘Grande Punto’—plan in the new small car segment.

2. General Motors plans to launch its new mini car next year from its Talegaon plant, close to Pune.

3. Tata Motors is all set to offer new version of its Indica.

4. Honda intends to unveil ‘Jazz’, while Volkswagen plans to launch Indianised version of its popular ‘Polo compact.

5. Even Toyota and General Motors may join the bandwagon by 2010.

6. India launched its first hybrid car, Honda’s ‘Civic’, in June 2008, Indian majors like Tata Motors and Mahindra & Mahindra are also planning to launch hybrid cars.

7. BMW also plans to launch its hybrid car to India.

Automotive Mission Plan 2006–2016 to Sustain India’s Status as Big Trade Mart for Automobiles

The idea behind Automotive Mission Plan (AMP) 2006–2016 is help India emerge as a big trade mart for design and manufacture of automobiles and auto components.

As per the AMP, India would continue to be largest tractor and three-wheeler manufacturers in the world and also world’s second largest two-wheeler manufacturer. By 2016, India will be the world’s seventh largest car producer and fourth largest truck manufacturer. Moreover, by 2016, the automotive sector would contribute 10 percent to country’s GDP from current level five per cent.

Learning Eighteen Simple Ways To Save Money On Your Car

The upkeep of your vehicle can be quite an expense  from initial purchase to insurance to maintenance. And sometimes we get the sinking feeling that every time we need a car repair, we are going to get taken for a ride. Pardon the pun Actually there are some ways to make sure you do not get a raw deal when dealing with a local body shop.

After you get recommendations for honest mechanics, call around to check out the prices for certain jobs. Its always smart to get a second opinion.

How about some preventative medicine Keep your gas tank filled. This will help you avoid the gas line freezing up in cold weather. Also, driving on fumes allows little pieces of dirt at the bottom of your gas tank to run through the fuel lines with the last drops of gas. This debris clogs up the fuel filter and can cause carburetor damage as well.

Sometimes a problem with your cars electrical system results from a simple blown fuse. Check to see if you have any blown fuses before investing in a tow truck

Keep track of how much oil your car uses. A sudden change in oil consumption means you need to see a technician.

Save your brakes by having your brake fluid changed miles.

Check your tire pressure once a month. This simple maintenance check can add up savings at the gas pump

Stop and go traffic causes excess wear and tear on your vehicle. Go ahead and give your car a nice twenty minute ride at mph on the highway every couple weeks if you major in short trip.

There are other ways to save money on car expenses. Lets look at the insurance payments.

If you have budgeted for possible out of pocket expenses in case of a car accident, you might want to consider increasing your insurance deductible to 500. This will lower the cost of your insurance.

Talk to your insurance agent. If your car is as old as the hills, you might want to drop collision coverage to save money.

Car insurance companies offer a variety of discounts. Ask your agent if the company offers reductions for driver training courses, anti lock brakes, car alarms, air bags, mature drivers, good students or maintaining a good driving record.

Before you purchase from a dealer, ask about the dealers return policy, get it in writing and read it carefully. Dealers are not required by law to give used car buyers a three day right to cancel.

Visit http www.bookstoretoday.comto find cars that are fuel efficient.

Each 5 mph you drive over 60 mph is like paying an additional 0.10 per gallon for gas.

In most cases, using cruise control on the highway will save gas.

Replacing a clogged air filter can improve your cars gas mileage by as much as 10 percent. This is not going to cost you an arm or leg either.

Do your homework when buying a car from an auction. Many vehicles that have been damaged by floods and hurricanes are going on the market. These would not last long  leaving you with a flood of bills. Be a little concerned if the carpet looks too new, and check carefully for signs of rust.

Carfax.com shares info on inspecting a used car to make sure you get the best deal.

If you use your car for business, keep track of miles traveled so that you can use this for a tax deduction. Get more info at irs.gov.

When you consider all the ways you can save money on your current vehicle, you might be persuaded to put away the extra each month for a new car down the road

How to Find out Low-cost Auto Insurance coverage plan

Today anything cost so much money that individuals even are seeking for Cheap Car Insurance. This does not imply they are trying to scrimp on coverage, it only indicates they are seeking for the greatest insurance coverage at the lowest rates.
Mother and father who have teenagers driving certainly try to preserve in which they can since insuring teen motorists are so high-priced.
A loved ones with numerous drivers and numerous vehicles can simply commit into the thousands of dollars each and every year for automobile insurance.

No wonder so numerous are on the lookout for Low cost Auto Insurance coverage. Also with the economy getting so negative recently others have to have to economize due to the fact a single or both of them are unemployed and shopping for a new work.
In these circumstances the folks require to cut corners each way they can.
Purchasing for lower insurance plan costs is at the best of the list of ways to preserve.

Even men and women functioning and producing a great residing although do not want to pay any far more than they have to for insurance policy protection.
So they shop close to to find out the most inexpensive costs.
How do you discover excellent costs on insurance policy for your auto? Turn to the Internet today!

There are many websites that will quote you several costs of the organizations, which supply automobile insurance coverage. You can type in all your local data the website asks for.
Then you place in what make and model your autos are. Info on the motorists in the house comes following.
Then you fit in what policy data you call for. Specific discounts may possibly apply. All this is operate and you will your quote. Often this takes place on the internet and often an agent contacts you it depends on the company.

Following you have received numerous rates dependent on the exact same policy details then you can search into which organization you would rather offer with. Make positive you just go on the lowest quote.
Seem up the track record of the business. You can examine with the Far better Organization Bureau or the Insurance coverage Commissioner’s office in your state. This way you will know if any complaints have been filed against the organization.

Utilizing on the internet resources confident beats the old way of Cheap Car Insurance. You used to have to call every insurance coverage company and explain everything on the telephone. This could take up a excellent deal of your day by the time you would locate the right firm which had the finest protection at the cheapest costs. Some of the on the internet web sites will give you a lot more than just 1 quote for the info you input.
Other internet sites will send you to the separate insurance coverage firms to get your estimates. Either way on the web is certainly the quickest way to get several quotations to compare.

Appear up numerous insurance coverage rates for you nowadays to discover some Cheap Car Insurance for your wants.
You will like the funds you can preserve yourself by accomplishing this.
Don’t all of us will need far more cash these days.

How High is Your Business Passion for Success?

How awful you feel, after receiving the news that your job is on shaky ground, due to the slow economy, after 10 years. You decide right on the spot, to look for a business to own. Being the boss and making your own schedule has great appeal. You’re sick and tired of getting nowhere. It’s time that you do something about being on the unemployment line, while your boss takes a three week yearly vacation, with plenty of money in his pockets; yours remain empty. Although this job pays for most bills, not wanting to make any detrimental moves that would leave my dependable income, would not be a wise.

If you were to challenge your business passion today, you would see all the possible business areas to own, to improve your financial status to provide personal satisfaction. Even though your job is in jeopardy now, owning a business can be a frightening leap. The positive side, you are the boss, who calls the shots. On the adverse side,there is the possibility of failure. In fact, it’s already proven through analysis that what you want from your own business in personal terms is to become financially stable, first. How do you start?

When you are in the driver’s seat, you first want to start with a passion for your business, which brings you pleasure. Enjoying what you do, will greatly increase your success, better than in a field that is lukewarm by choice. Just think. How would you feel when your job closed its doors? Could it have been attached to a yawning line of work? You don’t want to leap before counting the cost, for any new business adventure.

Suppose you’ve a passion for cycling, what’s preventing you from opening and promoting a cycle shop? Chances are you would probably do very well online. Try it.

Your goal objective, for financial success is in the front seat, but it must be balanced with interest. Before making any decisions or plans, choose activities and subjects that fire your passion in business, to satisfy your heart and meet your financial goals. It matters very little, who or waht your interest be, with so many businesses out there,to select from that are profitable. Look out for success, when you have love for your business and compassion for sales marketing, at your heels.