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technogeekstmr · 4 years ago

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Global EV Architecture Market In Covid-19: Implications And Business Opportunities For Growth Globally

EV Architecture Market: Introduction

A vehicle architecture describes the physical layout of the vehicle, and the way it performs its functions.

EV architectures are different layouts used by OEMs to develop electric vehicle models. These architectures are either derived from the previously existing versions or newly developed, specifically for electric vehicle applications.

Key Drivers of EV Architecture Market

Increase in prices of fossil fuels and awareness among people regarding emissions from IC engines has boosted the sale of electric vehicles. The International Energy Agency stated in their Global EV Outlook 2020, that in 2019, sales of electric cars stood at more than 2.1 million worldwide with a 40% year-on-year growth. This rise in demand for electric vehicles has prompted OEMs to develop and launch new vehicle models based on novel architecture. For instance, Daimler AG is working on a new customized electric vehicle architecture, which is expected to be launched by 2021. This architecture is being designed to be scalable which can facilitate its use across various vehicle models of Daimler AG. Likewise, the Hyundai Motor Company has partnered with Canoo to develop new architecture for electric vehicles. Thus, on-going development activities amidst a rise in sale of electric vehicles are driving the EV architecture market across the globe.

Government agencies across the globe are stressing upon electrification of all on-road vehicles by offering incentives to customers to adopt electric vehicles. Furthermore, they are partnering with automakers to remove technology barriers. Agencies such as United Nations, U.S. Department of Energy, and the National Institution for Transforming India have initiated various programs to boost the adoption of electric vehicles in passenger as well as commercial segments. These programs are encouraging the development of new electric vehicle models and hence, fueling the global EV architecture market.

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Challenges in EV Architecture Market

The high cost and time associated with design and development of different architectures for every electric vehicle model is compelling OEMs to use a single architecture for different models. For instance, in 2019, Volkswagen AG announced the development of modular electric drive matrix (MEB) architecture for manufacturing all upcoming electric vehicle models. This trend of common architecture is restraining the global EV architecture market.

Impact of COVID-19 pandemic on EV Architecture Market

The recent outbreak of COVID-19 pandemic decreased the sales and production of electric vehicles, as the supply of raw materials and automotive components took a major hit worldwide. Decline in sale and production of electric vehicles during the onset of COVID-19 pandemic is estimated to restrain the EV architecture market in 2020. However, the EV architecture market is anticipated to expand in next few years, as automobile manufacturers and suppliers are restarting their operations with preventive measures to curb the spread of the virus and the cross-border trade and transportation activities are reopening.

Europe holds Significant Share of Global EV Architecture Market

Europe accounted for a significant share of the global EV architecture market, owing to the high presence of OEMs coupled with the stringent emission norms that are encouraging the adoption of electric vehicles. Furthermore, automobile companies are partnering to create an electric vehicle charging network across Europe. For instance, BMW AG, Daimler AG, Ford Motor Company, Volkswagen AG, AUDI AG, and Porsche AG have partnered to develop a fast charging network for electric vehicles in Europe, which can deliver a charge of 240 miles range within 15 minutes. These factors are boosting the penetration of electric vehicles, thus driving the share held by Europe in the global EV architecture market.

Key Players Operating in EV Architecture Market

The global EV architecture market is highly concentrated due to the presence of top manufacturers. A few of the key players operating in the global EV architecture market are:

Alcraft Motor Company Ltd

Aptiv

Automobili Lamborghini S.p.A.

BAIC Motor Corporation., Ltd

BMW AG

BYD Auto Co., Ltd.

Canoo

Chery

Continental AG (Vitesco)

Daimler AG

Faraday&Future Inc.

Fisker, Inc.

Ford Motor Company

Geely Auto

General Motors

Honda Motor Co., Ltd.

Hyundai Motor Company

Ricardo

For Right Perspective & Competitive Insights on EV Architecture Market, Request for a Sample

Global EV Architecture Market: Research ScopeGlobal EV Architecture Market, by Type

Native

Global EV Architecture Market, by Vehicle Type

Passenger Vehicle

Commercial Vehicle

Light Commercial Vehicle

Heavy Commercial Vehicle

Global EV Architecture Market, by Electric Vehicle

Battery Electric Vehicle (BEV)

IC Engine/Battery Hybrid Vehicle

IC Engine/Supercapacitor Hybrid Vehicle

Plug-in Hybrid Vehicle

Hybrid Electric Vehicle (HEV)

Fuel Cell Electric Vehicle

Related Reports Press-Release –

https://www.prnewswire.com/news-releases/global-bias-tire-market-to-expand-with-growing-inclination-of-the-automobile-industry-towards-vehicle-safety-301210021.html

https://www.prnewswire.com/news-releases/interest-of-pharmaceutical-industry-in-bag-on-valve-bov-technology-market-driven-by-safety-criterion-global-revenues-to-surpass-us-500-1-mn-by-2024--301210826.html

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newsztv · 4 years ago

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TOYOTA-SUZUKI ALLIANCE AND WHAT TO EXPECT OUT OF IT?

Toyota Motor Corporation and Suzuki Motor Corporation started a partnership in 2016 and signed an agreement in August 2019 for a capital alliance to establish and promote lengthy-term cooperation in new fields, along with electric vehicle generation and independent use. It becomes one of the most considerable collaborations within the global automobile industry.

As a joint declaration by way of the two agencies has stated, below the capital alliance, Toyota will accumulate 4.Ninety four% stake in Suzuki valued at ninety-six billion yen. At the equal time, Suzuki will buy a smaller stake (zero.21%) in Toyota worth 48 billion yen.

With India being a major vehicle marketplace and Suzuki having the lion’s proportion inside the U. S. A . Through the Maruti Suzuki emblem, it was predicted to gain the USA's biggest passenger car producer, in particular, whilst it's far aiming to seize a big bite of the EV phase in India.

Maruti Suzuki’s strength inside the access-stage and economic system class segments is widely known. Toyota motors are recognized for his or her performance and premiumness~

As in step with the Memorandum of Understanding (MoU) signed through the two Japanese vehicle giants at the global level, in the Indian market, Toyota becomes imagined to proportion the Hybrid Electric Vehicle (HEV) generation with Maruti Suzuki through nearby procurement of HEV systems, engines, and batteries. On the other hand, Suzuki changed into to supply compact automobiles evolved at the platform underpinning the Ciaz and Ertiga.

Besides that, beneath the Toyota-Suzuki partnership, Toyota turned into alleged to develop a C-segment MPV in India with Suzuki’s knowledge and supply the Toyota Corolla sedan. Also, it became said that Toyota might manufacture a move-badged model of Vitara Brezza compact SUV at Toyota Kirloskar Motor’s plant in Karnataka.

Now, after 12 months of the statement, where do they stand inside the Indian marketplace?

Toyota Kirloskar Motor (TKM) has been promoting the Glanza top class hatchback within the Indian market for the remaining 15 months, which is the cross-badged version of Maruti Suzuki Baleno.

Toyota Kirloskar Motor (TKM) has been selling the Glanza top class hatchback within the Indian market for the closing 15 months, which is the go-badged model of Maruti Suzuki Baleno.

What Toyota Kirloskar Motor was given?

Toyota Kirloskar Motor (TKM) has been selling the Glanza top rate hatchback in the Indian market for the remaining 15 months, which is the go-badged model of Maruti Suzuki Baleno. TKM is now geared up to release its second pass-badged product Urban Cruiser, which is primarily based on the Maruti Suzuki Vitara Brezza.

According to the final 15 month’s statistics posted through the Society of Indian Automobile Manufacturers (SIAM), TKM bought 26,764 gadgets of Glanza within the domestic market, which means that around 1,784 devices of the car have been sold consistent with month. On the alternative hand, Maruti Suzuki has registered a hundred and eighty,520 devices of Baleno in this period, around 12,034 units sold each month inside the home marketplace.

While the ratio difference between Toyota Glanza and Maruti Suzuki Baleno is quite large at 1:7, Glanza has helped TKM to enhance its sales inside the Indian marketplace. As the automaker said closing 12 months, around 1/2 of the Glanza buyers have been first-timers.

N Raja, former deputy MD of Toyota Kirloskar Motor, stated in a previous interview that the pass badging of the auto gave the corporation new platforms to have interaction with each new and existing additional clients. He also said, “Toyota Kirloskar Motor wants to advantage clients for lifestyles, and the go-badging approach might be leveraged to benefit greater of them at a degree in advance than they enter into the Toyota fold in different segments now.”

Avik Chattopadhyay, an automobile industry professional and former head of advertising, product making plans, and PR at Volkswagen India, believes that “the Baleno being badged as the Glanza has worked so long as the previous has a waiting period and the Toyota variation is not available inside the Suzuki portfolio. The performance of Vitara Brezza and Urban Cruiser might be thrilling to observe, in particular in those attempting instances when normal client sentiment is down.”

According to Chattopadhyay, the “badge engineering” will help Toyota greater than Maruti Suzuki.

After the failures of models like Etios, Liva, and Yaris in India, that is the most efficient manner for Toyota to enlarge its portfolio into lower charge bands, wherein Maruti Suzuki has excelled for decades. The Toyota network, already worthwhile with Innova and Fortuner, will grow profits from those new products like Glanza and the approaching Urban Cruiser.

Naveen Soni, Senior VP - Sales and Services, Toyota Kirloskar Motor, stated, “The all-new Toyota Urban Cruiser will assist us with our foray into the compact SUV space and strengthen our presence within the SUV section, that is witnessing extended call for inside the Indian marketplace.”

He additionally delivered, “TKM is studying to boost localization of car additives and elements in the guide of ‘Atmanirbhar Bharat’ or the Self-Reliant initiative. Under the alliance, Toyota and Suzuki stay dedicated to selling the vast adoption of less gasoline-eating vehicles, such as electrified vehicles to assist India to reduce its environmental footprint and beautify strength security.”

According to experts, it's far nonetheless early to mention how the worldwide partnership will get to the bottom of in India; but given the importance of the Indian market to each the automakers, TKM and Maruti may be extraordinarily cautious no longer to disillusioned present structures and disrupt a nicely-oiled commercial enterprise machine.

According to experts, it's far still early to say how the worldwide partnership will unravel in India; but given the significance of the Indian market to both the automakers, TKM and Maruti might be extremely cautious no longer to dissatisfied present systems and disrupt a nicely-oiled commercial enterprise device.

What’s in it for Maruti Suzuki?

While, it became stated that Maruti Suzuki could acquire the hybrid generation from Toyota, underneath the global Toyota-Suzuki partnership, the primary carmaker of India in terms of sales volume continues to be the usage of the Smart Hybrid Vehicle through Suzuki (SHVS) technology across lots of its automobiles.

So a long way, there's no try to launch a go-badged version by means of Maruti Suzuki as nicely, underneath the Toyota-Suzuki partnership.

In this situation, what’s the benefit Maruti Suzuki is reaping from this partnership apart from selling the motors to Toyota Kirloskar Motor?

Toyota, as an emblem in India, is famed for its pleasant, sturdiness, and reliability. Similarly, Maruti Suzuki’s consider and familiarity as a result of its extensive community and fee for cash positioning is the excellent of each world for customersHarshvardhan Sharma, Head, Automotive Retail Practice, Nomura Research Institute

According to specialists, it is nevertheless early to say how the worldwide partnership will resolve in India; however given the importance of the Indian market to both the automakers, TKM and Maruti may be extremely cautious now not too disappointed present systems and disrupt a properly-oiled enterprise device.

As Avik Chattopadhyay said, “As character agencies, it's far a symbiotic courting as Toyota gains from dipping into Maruti Suzuki’s product plan at the same time as the latter has got admission to Toyota’s powertrain, new electricity solutions, and manufacturing engineering.”

He believes that over a time frame, Maruti Suzuki’s destiny product portfolio would be decided particularly through Toyota from a worldwide angle. “It does now not make the experience for Maruti Suzuki to spend money one after the other on developing new energy solutions like electric, fuel cellular and hybrid at the same time as Toyota can right away pick out from the present Maruti Suzuki strengths of product portfolio, petrol engines and CNG,” Chattopadhyay said. “I foresee that Maruti Suzuki will get lower back into diesel alternatives the usage of Toyota’s powertrains,” he said. Toyota is thought for its dominance in the huge automobile segment like Innova Crysta, Fortuner, and many others, with diesel attributing the lion’s percentage for the sale of these cars.

Maruti Suzuki, in spite of being targeted on small petrol models, has not ruled out the danger of promoting huge diesel cars in this BS-VI technology. Talking to ETAuto at some point in an interview, Shashank Srivastava, Executive Director - Marketing and Sales, Maruti Suzuki India Limited, said, “Maruti Suzuki is open for launching BS-VI - compliant large diesel vehicles in India.”

On the Toyota-Suzuki partnership, badge-swapping method and Maruti Suzuki’s potential advantage from this, Harshvardhan Sharma, Head - Automotive Retail Practice, Nomura Research Institute, stated, “Swapping badges feels like an excellent proposition. Toyota, as a logo in India, is renowned for its great, durability and reliability. Similarly, Maruti Suzuki’s accept as true with and familiarity attributable to its substantial community and price for cash positioning are high-quality of both worlds for customers.”

Maruti Suzuki declined to touch upon this in the mail despatched with the aid of ETAuto.

Toyota Urban Cruiser is the go-badged version of the Maruti Suzuki Vitara Brezza compact SUV.

Toyota Urban Cruiser is the pass-badged model of the Maruti Suzuki Vitara Brezza compact SUV.

Is India ready for move-badged automobiles?

Cross-badging inside the automobile enterprise is nothing new. Several corporations had been doing this for decades internationally, depending on wherein which logo is robust. In India too, examples of cross-badging of motors are lots: Morris Oxford as HM Ambassador, City Rover as Tata India, Subaru Forester as Chevrolet Forester, Nissan Micra and Renault Pulse, Volkswagen Vento and Skoda Rapid, Daewoo Matiz as Chevrolet Spark, Renault Duster and Nissan Terrano, Renault Logan and Mahindra Verito, Fiat 1100D and Premier Padmini and many others.

Among a lot of these, Volkswagen Vento and Skoda Rapid are on sale now. Whenever one vehicle turned into released with pass badging in India, the opposite one becomes additionally on sale. There turned into a cannibalization issue and certainly, one of them became affected significantly. Take the instance of Nissan Micra and Renault Pulse. Micra becomes more famous and offered more models than the Pulse. Both the models are discontinued in India now.

In the latest past too, Renault Duster and Nissan Terrano, the 2 models that share the equal platform and several components as a result of move-badging via the automakers’ international alliance, noticed cannibalization. The Renault Duster is still in the enterprise, while the Nissan Terrano has been discontinued in advance this 12 months because of low sales quantity.

So a long way, the go-badging strategy of the automakers, wherein each the models sell simultaneously, didn’t paintings in India. With the Toyota Glanza on sale along Maruti Suzuki Baleno and the imminent Urban Cruiser to be sold in the equal section of Maruti Suzuki Vitara Brezza, what will be the destiny of these go-badged fashions, in the end, remains a query.

With sizeable updates and the creation of the latest versions that are not to be had in the original model can help the pass-badged models. But, will that fulfillment preserve ultimately? That will display whether or not the Indian marketplace is ready for go-badging or no longer.

Cross-badging will advantage Toyota in economy class

Maruti Suzuki’s energy within the access-degree and financial system class segment are well known, even as Toyota vehicles are known for overall performance, premiums.

In that case, the pass-badging in favor of Toyota might be restrained to access-degree and financial system instructions best. The moment it comes to overall performance and premium fashions for a purchaser, it is going to be Toyota fashions.

Suzuki is excellent at generating medium and smaller cars. On the opposite hand, we're appropriate in electrification, with Hybrid and other electrified technologyNaveen Soni, Sr. VP - Sales & Services, Toyota Kirloskar Motor

As Naveen Soni said, “With our present tie-up, we intend to bolster the competitiveness of both the companies by making use of our robust points and getting to know each other. Such important tie-America will pave the manner for the creation of aggressive and cutting-edge merchandise and technologies in India, giving customers numerous picks of products to meet their evolving needs and expectations.”

Given the fact that the Indian market has been charge-touchy and the contemporary COVID-19 pandemic has again caused humans to chorus from spending on discretionary objects, the small vehicles are the brand new huge ones. In that case, Toyota should benefit from the automobile-sharing with Maruti Suzuki, if it opts for the alternative models inside the small car segment.

This is meditated in Naveen Soni’s words, who stated, “Between Toyota and Suzuki, Suzuki is superb at generating medium and smaller automobiles. On the opposite hand, we are properly in electrification, with Hybrid and different electrified generation. Our synergy will yield incredible price to the auto industry in India in destiny.”

#Cars

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rakeshreddym · 4 years ago

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07/08/2020 News Alerts about Cars Industry

1,200-HP Lamborghini Huracan Is Pure Madness:

Lamborghini is on a hot streak: we've recently revealed what the hyper SCV12 will look like without all the camouflage, and there's even a video of what it sounds like. The Sian Roadster could also be making an appearance this week.

Source: https://carbuzz.com/news/1200-hp-lamborghini-huracan-is-pure-madness

Lotus Plans To Obliterate The Bugatti Chiron's 12.4-Second 0-186 MPH Time:

The Lotus Evija, the 2,000-horsepower electric flagship that will pioneer the next-generation of sports cars from the automaker, is not targeting low-speed acceleration. Lotus wants its car to beat the supercars where they thrive—closing in on 200 mph as fast as possible.

Pick of the Day: 1978 Porsche 930 Turbo in a rare color combination

Of the first generation of exotic cars, the most reliable and most usable, and the one I had a poster of on my wall while in high school, was the Porsche 930 Turbo. It was the car I most wanted and was to me the ultimate. It was a model derived from Porsche’s racing cars and had the coolest rear spoiler ever.

Source: https://journal.classiccars.com/2020/07/07/pick-of-the-day-1978-porsche-930-turbo-in-a-rare-color-combination/

BMW global vehicle deliveries down by 23 pct in H1

BERLIN, July 7 (Xinhua) -- German car manufacturer BMW announced Tuesday that its global vehicle deliveries, including MINI and Rolls-Royce, dropped by 23 percent year-on-year to a total of 962,575 units in the first half of 2020.

Source: http://www.xinhuanet.com/english/2020-07/07/c_139194997.htm

Jaguar Land Rover Moves Forward With Subscription Program

Jaguar Land Rover is dipping its paw into the subscription automobile leasing pool, just as peer Mercedes is climbing out after a trial run, Autoweek reported on Tuesday (July 7).

Subscription models vary, but in general, they allow customers to lease cars for periods of around six months. The arrangement costs more than typical multi-year leases, but drivers get more variety and short-term commitments.

Source: https://www.pymnts.com/subscription-commerce/2020/jaguar-land-rover-moves-forward-with-subscription-program/

Ferrari bring forward car upgrades for Styrian Grand Prix

Ferrari are bringing forward some planned upgrades to their car after a disappointing showing at the season-opening Austrian Grand Prix.

Lead driver Charles Leclerc was runner-up on Sunday, but the car was a second off the pace in qualifying seventh.

Source: https://www.bbc.com/sport/formula1/53309834

Mercedes-Benz rolls into South San Francisco

South San Francisco officials gave the green light to a new Mercedes-Benz dealership taking over the former Orchard Supply Hardware building and a surrounding shopping center.

Source: https://www.smdailyjournal.com/news/local/mercedes-benz-rolls-into-south-san-francisco/article_d167b2b6-c001-11ea-9328-1bd1e3bff343.html

Audi reveals a sporty version of its upcoming electric Q4 SUV

Audi has unveiled concept renderings of a new “Sportback” version of the Q4 E-Tron electric SUV that it debuted last year. Meant to serve as a smaller and more affordable option to the flagship E-Tron, the Q4s are expected to go on sale in 2021 and will start at around $45,000.

Source: https://www.theverge.com/2020/7/7/21316580/audi-q4-etron-sportback-suv-2021-volkswagen-meb

No economic logic now for diesel cars: Maruti Suzuki

With the party between the prices of petrol and diesel, there is no economic logic for buying running cost, the acquisition cost differential is very high.

Source: https://timesofindia.indiatimes.com/auto/news/no-economic-logic-now-for-diesel-cars-maruti-suzuki/articleshow/76830053.cms

Honda Cars India starts production of new City sedan

New Delhi: Honda Cars India Limited (HCIL), on Tuesday has announced that it has commenced production of fifth generation Honda City sedan at the company's Greater Noida plant in Uttar Pradesh.

As the automaker claims, Honda City is one of its most successful cars in India with high brand equity. It was first introduced in India back in January 1998 and later launched as 2nd generation in November 2003. The third generation model came in September 2008, while fourth generation City was launched in January 2014.

Source: https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/honda-cars-india-starts-production-of-new-city-sedan/76528906

Online car buying platform: Hyundai's Click to Buy records 1.5+ million visitors since March

Earlier this year, Hyundai announced the launch of its online car buying platform, Click to Buy, in response to the COVID-19 outbreak. About four months in, Hyundai has shared some rather interesting numbers about the platform and let's just say that this should silence the naysayers. The South Korean automaker shared that its online car sales offering has recorded more than 1.5 million visitors since its launch in March, 2020. In addition to that, the platform has also recorded over 20,000 customer enquiries since then.

Source: https://www.timesnownews.com/auto/car-news/article/online-car-buying-platform-hyundais-click-to-buy-records-1-5-million-visitors-since-march/617478

TATA MOTORS REGISTERED DOMESTIC SALES OF 23,845 UNITS IN Q1 FY21

Tata Motors Limited today announced its sales in the domestic & international market, for Q1 FY21, which stood at 25,047 vehicles, compared to 1,37,545 units during Q1 FY20.

Source: http://overdrive.in/news-cars-auto/pressreleases/tata-motors-registered-domestic-sales-of-23845-units-in-q1-fy21/

Toyota’s Hybrid Models Receive A Steep Price Hike In India

Source: https://www.zigwheels.com/news-features/news/toyota-camry-vellfire-prices-hiked-in-india-now-priced-at-rs-3902-lakh-and-rs-8350-lakh-respectively/39062/

VW starts converting another factory for electric car production

After the Zwickau factory, VW has started converting another of its factories from gasoline and diesel vehicle production to electric vehicle production.

Volkswagen has one of the most aggressive electrification plans amongest established automakers.

Source: https://electrek.co/2020/07/06/vw-converting-emden-factory-electric-car-production/

Assam: Automobile sales in Guwahati hit rock bottom

The COVID-19 pandemic disrupted the Indian economy and completely tipped the scales for all sectors of Indian Industries signaling towards a deep recession.

As the country approaches the end of its first quarter of the Fiscal Year, the current pandemic seems to have magnified pre-existing risks to India’s economic outlook.

Source: https://nenow.in/north-east-news/assam/assam-automobile-sales-in-guwahati-hit-rock-bottom.html

Kia Motors crosses 50,000 unit sales mark for cars with connected features

NEW DELHI: Kia Motors India on Tuesday said it has crossed the 50,000-mark in sales for connected cars within 10 months of its first product launch in the country. The company has surpassed figure of 50,000 activated connected cars on road which includes Seltos and Carnival models, Kia Motors India said in a statement.

Source: https://economictimes.indiatimes.com/industry/auto/cars-uvs/kia-motors-crosses-50000-unit-sales-mark-for-cars-with-connected-features/articleshow/76832747.cms?from=mdr

Jaguar Land Rover launches premium car subscription service Pivotal

New Delhi: British luxury carmaker Jaguar Land Rover has announced the launch of the premium car subscription service Pivotal.

As the luxury carmaker claims, with this, both the Jaguar and Land Rover cars will be available for subscription.

Source: https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/jaguar-land-rover-launches-premium-car-subscription-service-pivotal/76781529

Mahindra reveals teaser for small 4-seater electric vehicle Atom

Source: https://www.livemint.com/auto-news/mahindra-reveals-teaser-for-small-4-seater-electric-vehicle-atom-11594099174523.html

Mazda unveils new BT-50, supplied by Isuzu

Mazda Motor Corporation has lifted the veil on its all-new Mazda BT-50 bakkie.

Fully redesigned for the first time in nine years, the new BT-50 is supplied by fellow Japanese manufacturer, Isuzu Motor Limited.

Source: https://www.engineeringnews.co.za/article/mazda-unveils-new-bt-50-supplied-by-isuzu-2020-07-07

Nissan highlights future plans for India, Africa and the Middle East

Nissan hasn’t launched an exciting new product in India for a while now. Sure, the ‘new’ Kicks gets a powerful engine but it’s still not something the masses would go gaga over. The only other model in their current lineup is the GT-R, and that’s not what you’d call a widely attainable car. Now though, things are about to change. Nissan aims to put a lot more focus towards India, Africa and the Middle East as part of its Global Transformation Plan.

Source: https://www.evoindia.com/news/nissan-highlights-future-plans-for-ami-markets

Renault Kwid records 3.5 lakh unit sales milestone, new BS6 variant available

NEW DELHI: Renault Kwid, French manufacturer’s flagship offering in India has crossed landmark 3.5 lakh unit sales since its launch.

The company also announced that the Kwid is now more accessible with the RXL variant launched with a BS6 compliant 1.0L powertrain in MT and AMT versions. The new RXL variant will be very competitively priced, at Rs 4.16 lakh (ex-showroom) for the MT and Rs 4.48 (ex-showroom) lakh for the AMT version.

Source: https://timesofindia.indiatimes.com/auto/cars/renault-kwid-records-3-5-lakh-unit-sales-milestone-new-bs6-variant-available/articleshow/76810736.cms

2020 Honda City launch on July 15; price, features, specifications, other important details you should know

Honda Cars India has officially announced that the new Honda City will be launched in the country on July 15. The 2020 Honda City will be sold in India alongside the 2019 Honda City. You can book the fifth-generation Honda City from your abode using the Honda from Home online sales platform or by visiting any authorized dealership of the automaker. You can click on this link to read our Honda City 2020 First Drive Review.

Source: https://www.indiatoday.in/auto/latest-auto-news/story/honda-city-2020-launch-on-july-15-check-out-price-features-specifications-other-important-details-1697654-2020-07-06

5 Reasons Why Fiat Wasn’t Successful In India [Video]

Source: https://www.motorbeam.com/fiat-india-story-why-automaker-wasnt-successful/

Volvo Cars recall eight models produced from 2006 to 2018

Eight Volvo car models have been recalled globally over problems with the front seat belt fastening.

A spokesperson for the firm told Belfast Live: "Investigations by Volvo Cars have identified that in very rare cases and under specific circumstances, a flexible steel cable connected to the front seat belts on certain Volvo models produced between 2006 and 2018 may under certain rare circumstances suffer from wear and fatigue over time.

Source: https://www.belfastlive.co.uk/news/belfast-news/volvo-cars-recall-eight-models-18548932

Lexus unveils new LS luxury sedan, likely to be launched by end of 2020

The new Lexus LS sedan gets the Lexus Teammate, the latest in advanced driving assist technologies, and a new body colour that creates deep shadows and robust highlights.

Source: https://auto.hindustantimes.com/auto/cars/lexus-unveils-the-new-ls-luxury-sedan-likely-to-be-launched-by-end-of-2020-41594097951866.html

How Tesla Delivered Despite Lockdowns

Tesla (NASDAQ: TSLA) said that it sold a total of 90,650 vehicles over Q2 2020, with Model S and X deliveries standing at 10,600 units and Model 3 and Y sales standing at 80,050 units. Although the numbers mark a 5% year-over-year decline, they handily beat market estimates, causing Tesla stock to jump by 8% in Thursday’s trading.

Source: https://www.forbes.com/sites/greatspeculations/2020/07/07/how-tesla-delivered-despite-lockdowns/#c150e6660c2d

Rolls-Royce's Boeing 787 engine in new safety alert over cracks

Rolls-Royce Holdings Plc faces a fresh issue with the Trent 1000 turbine that powers Boeing Co. 787 Dreamliner jets, adding to the list of design faults that have plagued the engine since 2016.

Source: https://www.bnnbloomberg.ca/rolls-royce-s-boeing-787-engine-in-new-safety-alert-over-cracks-1.1461622

Maserati Unveils New Engine Adapted From Formula 1 for MC20 Supercar

Source: https://interestingengineering.com/maserati-unveils-new-engine-adapted-from-formula-1-for-mc20-supercar

Unleashed – Dodge Unveils 3 Fast Cars

Dodge has launched three fast cars that should suit every muscle car buyer’s needs. Each of them packing 700+ bhp!

Source: http://motoringworld.in/car-news/unleashed-dodge-unveils-3-fast-cars/

= 07/08/2020 News Alerts about Cars Industry

#automobiles blog #automobile #luxury cars #cars #busynessprofile #bmw #audi #benz #news #blogs #trends

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carpostnet · 5 years ago

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Soon Owning And Maintaining A Volkswagen Car Will Be Cheaper

Volkswagen is working in the direction of making its automobiles in addition to its upkeep cheaper. The firm may also localize its automobiles additional to cut back the costs.

Volkswagen is readying up for the 2020 Auto Expo, the place it’ll introduce 4 new SUVs. As mentioned earlier, VW is now remodeling itself to change into an SUV model in India. The firm will probably be launching SUVs ranging between Rs 8 Lakhs to Rs 40 Lakhs.

In a current interview, Volkswagen has additionally mentioned different strategies to extend its market share in India. From earlier 3%, VW’s share has gone down to only 1%. Currently promoting Polo, Ameo, Vento and Tiguan, the corporate is dropping its grip on our market.

Often we’ve got related excessive prices with the acquisition of a Volkswagen car. In the interview, the corporate said that it has an thought about this and are going to start out working in the direction of lowering the possession prices.

Also Read: Volkswagen To World Premier Its AO Sub-Compact SUV At Auto Expo

Currently, Volkswagen automobiles are as much as 82% localized. Many frequent parts are nonetheless imported and that’s why sustaining them will get pricey. VW is planning to extend the localization as much as 93%, which is able to primarily additionally deliver down its costs.

The firm can also be planning to cut back the costs of varied spare components as much as 15%. There have been varied complaints about VW spare components coming in pricey, like its suspension setup and the engine components. Actually, VW automobiles are amongst the most costly ones to take care of.

All these items should fear VW as they’re discontinuing diesel engines post-April 2020. So, the prevailing fashions and the upcoming SUVs, all will probably be petrol-only fashions. It is even discontinuing Ameo, primarily resulting from its diminishing gross sales.

Also Read: Volkswagen SUVs To Rain In India – T-Cross, T-Roc, Tiguan AllSpace, Touareg

Volkswagen Polo and Vento will sport new engines as soon as their BS-6 variations are launched. As for the upcoming SUVs, the listing features a new sub-compact SUV, T-Roc, T-Cross and Tiguan All-Space. All these will debut on the 2020 Auto Expo.

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commercialtrucks-blog1 · 6 years ago

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Ford Figo Is It the Perfect Car?

The Indian automart is inching towards the two million units a year mark. The likes of Maruti Suzuki Alto, Ford Figo, Volkswagen Polo and Nissan Micra have been the main culprits in this figure. The future too is expected to go the way of the small cars with Renault about to launch five new models by 2013 and Ford upstaged it by announcing that it would launch eight new models in India by 2015 to cash in on the burgeoning market. While global players were busy making inroads into India, homegrown major Mahindra & Mahindra stepped up its international expansion plans when it inched closer to acquire South Korean sports utility vehicle maker SsangYong Motor for about Rs 2,105 crore. Although, it had to prolong its planned US entry following legal battle with its erstwhile exclusive distributor Global Vehicles. When we talk of hatchbacks, Chevrolet Beat and Ford Figo are two models that are often compared for their similar features. In car comparison, both models come in the same category and price range. Both are priced lesser than 4lacs, with Beat costing around 18k higher. Beat LS comes with an 1. If you adored this post and you would certainly like to obtain additional info regarding Pre-owned kindly go to the web site. 2L 79bhp S-TEC II engine, while Figo LXI comes with 1.2L 70bhp Petrol Engine. Under the hood, both the models have the same engine displacement, and hence, you don't need to put your head here. In terms of power, Beat LS surpasses Figo by little with a power of 79bhp @6200rpm and torque of 108Nm @4400rpm. The Ford Figo comes with a petrol engine of 1196cc, 71 PS @6250rpm, 102 Nm Max Torque and 16V DOHC whereas for diesel, the specification include 1399cc, 69PS@ 4000rpm, 190Nm Torque and 8v SOHC. Other specifications for both variants include 5 speed manual transmission and Hydraulic power steering. They come in 4 variants each: Lxi, Exi, Zxi and Titanium. Ford Figo, its dashboard has stereo & instrument panel, AC vents the two at front & rear, electronic odometer offering sporty & look. Audio system, which could be operated by remote, has equally MP3 participant, Airwaves (AM/FM) with 4 audio systems. Bluetooth connectivity enables us to connect mobile phone to it, supplying entry to deal with book etc around the audio display. Instrument panel has tachometer, digital clock. Rear seats have no mind rests allowing driver to own clear rear view. It has seating capacity for 5 passengers, with adjustable driver seat, ability steering has 3 spokes. Cabin features a glove compartment & electrically adjustable ORVMs. Rear row is additionally foldable to offer room to luggage. But passengers with very good height may well deal with difficulty in adjusting their knees. Boot sizing is 284-lt. it also has 6-Pace wipers, to choose the velocity as each the need to have. As like headrest, rear seat has no arm rest. Ford Figo safety functions as electrical power door locks, strength windows, ORVMs, engine immobilizer, seat belt warning indicator and central locking ensuring safety and security. It also features a warning process which starts blinking when velocity limit is crossed, lane change indicators which blink thrice on altering the lane.

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javedpjn · 4 years ago

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TOP 20 TECH NEWS #1 MAY 2020 1) 2020 Intermot Motorcycle show cancelled. 2) Triumph Tiger 900 launched in India, prices starts at Rs.13.7 lakhs. 3) Jeep India forayes into pre-owned car sales with the Compass SUV. 4) Nissan cuts more shifts at Japan car plants due to low demand. 5) Tesla signs three-year pricing deal with battery cell maker Panasonic. 6) SUVs more deadly to pedestrians than cars : U.S. Insurance Study. 7) Volkswagen to pay $267 million Audi buyout. 8) Skoda Kamiq SUV spotted testing in India. 9) Italjet Dragster limited edition scooter sold out before launch. 10) 2020 Audi RS7 sportback teased ahead of India launch. 11) Fuel sales recover in the first half of June in India. 12) 2021 Ford Bronco SUV to make world debut in July. 13) 2020 Hyundai Creta bookings cross the 30000 mark. 14) BMW Motorrad recalls popular models in Europe. 15) Instagram tests shopping tags in post captions. 16) Olympus selling digital-camera business defeated by smartphones. 17) Japan's coronavirus supercomputer named fastest in world. 18) India considers license fee cut for household broadband service. 19) Apple will remove thousands of unlicensed iPhone games in China. 20) Honeywell makes world's fastest Quantum Computer with quantum volume of 64. SOURCE :- Internet. PLEASE DONATE TO THE BLOGGER. PAYTM 9637867159. . PAYPAL [email protected] THANKS FOR READING. LIKE SHARE AND COMMENT. KEEP VISITING.

http://javedpjn.blogspot.com/2020/06/top20-tech-news-1-may-2020.html

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brassring2020 · 5 years ago

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AYA finbuzz financial health memo October 2019

As of October 2019, this regular podcast is available on our Andy Yeh Alpha fintech network platform.

The OECD projects global growth to decline from 3.2% to 2.9% in the current fiscal year 2019-2020. This global economic growth projection represents the slowest in a decade amid substantial economic policy uncertainty due to Sino-U.S. trade conflict resolution, Brexit, and geopolitical risks and military confrontations in East Asia and some middle east countries such as Iran and Saudi Arabia etc. A major deterioration in global economic prognosis echoes similar concerns that most monetary policymakers share in the interim period from the Jackson Hole summit to the recent U.S. FOMC press release. As many central banks institute dovish interest rate cuts worldwide, monetary policy institutions may lack the important levers and instruments to cope with the next global economic recession. As a Paris institution, the OECD further warns that a no-deal Brexit would likely push the U.K. economy into an economic recession due to both trade retrenchment and foreign capital exodus. Several OECD countries now need to introduce fiscal stimulus from aggressive tax cuts to fresh infrastructure expenditures in order to revive their economic prospects. These global economic events and developments can cause adverse ripple effects on exchange rate stabilization and asset price normalization for gold, oil, and other commodities.

Global climate change can cause an adverse impact on long-term real GDP economic growth. USC macro economist Hashem Pesaran and his co-authors analyze a panel dataset of 174 countries for the years from 1960 to 2014. The major empirical punchline suggests that persistent changes in the temperature above or below its historical norm can cause per-capita real economic output growth ceteris paribus. Specifically, a persistent increase in average global temperature by 0.04°C can reduce global real GDP per capita by 7.22% by 2100 after the econometrician controls for all other relevant covariates and endogenous effects etc. However, if all the sample countries abide by the Paris climate agreement to limit the temperature increase to 0.01°C per annum, this international climate policy coordination can reduce the economic loss substantially to 1.07%. Canada, India, Japan, New Zealand, Switzerland, and the U.S. can experience 10%+ larger losses of economic output growth. Also, climate change can cause a long-term adverse impact on economic output, labor productivity, and employment across 48 U.S. states and industrial sectors for the period from 1963 to 2016. This landmark study confirms and corroborates the progressive consensus view that climate change can cause a first-order adverse impact on economic consequences.

U.S. fiscal budget deficit hits $1 trillion or the highest level in 7 years. The current U.S. Treasury fiscal budget deficit increases from $779 billion to $1.07 trillion during the Trump administration from November 2016 to September 2019. Almost 60% of this Treasury budget shortfall arises from the Trump tax cuts for U.S. residents and corporations. These tax cuts exacerbate the current fiscal imbalance in addition to several other Trump fiscal stimulus packages on infrastructure, education, and technology. The fiscal deficit boosts U.S. national debt to $22.5 trillion (or a 13% increase during the current Trump administration). However, the fiscal deficit as a percentage of U.S. GDP decreases from a peak of almost 10% in 2009 to about 5% as of September 2019. This evidence galvanizes popular support for the Republican consensus view that both the Trump tax cuts and other fiscal stimulus packages help boost U.S. economic growth, employment, and capital investment. The U.S. non-farm unemployment rate remains at the historically low 3.7% level, and the U.S. economic growth rate reaches almost 3% per annum. With low core inflation expectations below the 2% target, the Federal Reserve maintains the dual mandate of both maximum sustainable employment and price stability.

American CEOs of about 200 corporations issue a joint statement in support of stakeholder value maximization. The Business Roundtable offers this joint statement of corporate purpose in 300 words. The first 250 words focus on stakeholder value maximization before the statement mentions shareholder wealth maximization. In accordance with this joint statement, the main purpose of a corporation should be investing in both the welfare and productivity of employees, delivering value to customers, and dealing ethically with suppliers. Also, it is important for U.S. corporations to promote diversity and inclusion in the workplace. These corporations should further support social communities in America. Moreover, the corporations need to help protect the environment amid substantial economic policy uncertainty, climate change, and environmental degradation. This landmark U.S. CEO statement represents an important change in business purpose away from the prior thesis of Nobel Laureate Milton Friedman in support of solo shareholder wealth maximization. This latter solo emphasis reveals drawbacks and impediments to long-term sustainable business development and corporate social responsibility. In a nutshell, it is essential for U.S. corporations to serve in the best interests of employees, customers, suppliers, regulators, and other major stakeholders before these corporations disgorge cash and stock returns to shareholders.

U.S. state attorneys general begin bipartisan antitrust investigations into the market power and corporate behavior of tech titans such as Apple, Amazon, Facebook, and Google. From all U.S. states except California and Alabama, the state attorneys general (AGs) launch bipartisan antitrust investigations into the current tech business practices. Specifically, the state AGs assess whether it is legitimate for Facebook, Google, and Amazon to connect online ads to specific Internet platform search and newsfeed results. Also, the state AGs examine whether Apple monopolizes the markets for mobile apps and multi-media services via App Store and its business partnerships with Spotify and Oprah Winfrey Network. However, these tech titans run different business models. Facebook finds its unique business niche in social media ads; Google dominates in Internet search and other software services; Amazon specializes in e-commerce for consumer products; and Apple focuses on smart mobile devices and app services. Throughout this antitrust probe, the main economic thread suggests that these tech titans may amass anti-competitive market power. The investigative group of 48 state AGs poses a major antitrust threat to Amazon, Apple, Facebook, and Google. With new regulations, the potential fines and penalties can involve billions of dollars for these tech titans.

European economic integration seems to have gone backwards primarily due to the recent Brexit movement. Brexit, sovereign debt, and French and German hawkish dominance tend to interfere with European Commission public affairs against the long-term trend of economic integration. As a primary basis of greater Eurozone economic harmonization, the single market seems to fail to eliminate most E.U. barriers for goods, services, people, and capital flows. The European trade bloc faces fierce competition from global rivals such as North America, Australasia, and East Asia. As of September 2019, only 7 of the 40 largest companies are European. These 7 companies include Allianz (Germany), BNP Paribas (France), HSBC (Britain), Royal Dutch Shell (Holland), Santander (Spain), and Volkswagen (Germany). Fewer lean enterprises originate from Europe as many stock market investors and venture capitalists witness a generic decline in the European entrepreneurial spirit in recent times. If Europe seeks to rebuild world-class corporations in order to enhance broader economic prospects, the European Union not only has to reinvigorate the single market, but the E.U. should also rediscover the original vision of greater unity and harmony within the post-war trade bloc. This enhancement entails fewer trade barriers such as tariffs, quotas, and even embargoes.

The European Central Bank expects to further reduce negative interest rates with new quantitative bond purchases. The ECB commits to further cutting negative interest rates to –0.5%. Also, the ECB refreshes radical monetary stimulus in the specific form of quantitative-easing (QE) government bond purchases. In particular, the ECB plans to buy €20 billion government bonds each month from November 2019 onwards. As the ECB president Mario Draghi expects to step down in late-October 2019, this massive monetary stimulus helps fulfill his landmark legacy about a decade after the global financial crisis of 2008-2009. Moreover, this strategic move serves as a defensive response to the recent dovish interest rate reductions in the U.S. and other countries such as India, New Zealand, and Thailand. In terms of global monetary policy coordination, these interest rate cuts help anchor low and stable inflation expectations and exchange rates worldwide. The ECB can successfully assuage the concern and suspicion that most French and German central bank hawks share in recent times. However, the persistent negative interest rates and ad hoc QE government bond purchases draw direct criticisms from UBS and Deutsche Bank. The current monetary stimulus may or may not be sustainable in the long run.

U.K. prime minister Boris Johnson encounters defeat during his new premiership. The first major vote would pave the path of least resistance to passing a no-deal Brexit in late-October 2019. In addition to losing this vote, Johnson also loses the Conservative one-person majority as Conservative MP Phillip Lee crosses the floor to join the Liberal Democrats. In light of this parliamentary change, Johnson seeks a general election in mid-October 2019 and further threatens to eject all 21 Conservative MPs who oppose a hard Brexit. In response, the opposition parties support setting in stone anti-no-deal Brexit law. The British parliament blocks Brexit with no favorable deal with the European Union, and the House of Lords must give assent to legislate this outcome. Moreover, the British parliament prevents Johnson from instituting a snap general election. Johnson experiences 3 parliamentary rebukes in 2 consecutive days at the early stage of his new premiership. In practice, there are good economic reasons for anti-Brexit investor anxiety and even a second referendum. Many stock market analysts and currency strategists fear that Brexit would lead to substantial trade retrenchment, British pound volatility, and financial capital exodus. After all, European Union remains the biggest trade bloc for Britain.

Apple unveils 3 iPhone 11 models with new original video services and stars such as Oprah Winfrey, Jennifer Aniston, and Reese Witherspoon. Apple releases the triple-camera iPhone 11 and its pro variants. Also, Apple introduces the new video-streaming TV service that costs only $5 per month. This video service features well-known stars and celebrities such as Oprah Winfrey, Jennifer Aniston, and Reese Witherspoon. In this unique fashion, the landmark $5-only Apple TV service poses cutthroat price competition to several other video content providers Disney, HBO, and Netflix. All new iPhone, iPad, and Mac buyers can receive one-year Apple TV service subscriptions for free. This unique feature can draw hundreds of millions of global viewers to Apple TV. It is important for Apple TV to acquire exclusive licenses to specific U.S. and international popular soap operas, movies, and other films. Also, Apple may consider the next logical steps of deliberately bundling its smart mobile products and services of iPhones, iPads, MacBooks, and Apple TV subscriptions with Apple Music, App Store, and iOS 13. iOS 13 introduces several new features such as dark mode, faster speed, better user privacy protection, and more secure access to personal photos, maps, voicemails, and robocalls etc.

Apple CEO Tim Cook maintains a frugal low-key lifestyle. With $625 million public wealth, Cook leads the $1 trillion tech titan Apple in the post-Jobs period. As a native Alabaman son of a shipyard worker and a pharmacy employee, however, Cook keeps his low-key life habits and hobbies. His public wealth comes from $622 million Apple shares and $3 million stock options in Nike (as Cook now serves on its board of directors). Like his predecessor Steve Jobs and other tech founders from Jeff Bezos and Bill Gates to Larry Page and Mark Zuckerberg, Tim Cook focuses his attention and energy on technological advancement and legacy innovation. Cook leads a frugal and solitary life, buys clothes-and-shoes at the Nordstrom semi-annual sale, and lives in a relatively modest $1.9 million home in Palo Alto (in stark contrast to the median home price of $3.5+ million in the San Francisco Bay Area). Money cannot motivate Tim Cook because he spends most time trying to find the next disruptive innovation that revolutionizes the market for smart mobile devices. Cook serves as a wise tech trailblazer in product diversification as he pioneers the post-Jobs trifecta of iPhone Xs, iPhone Xs Max, and iPhone XR.

IMF chief economist Gita Gopinath warns that competitive currency devaluation may be an ineffective solution to improving export prospects. In the form of gradual interest rate cuts, Chinese expansionary monetary policy decisions can help stimulate domestic demand for consumption goods, services, and capital investments. However, this monetary expansion may inevitably weaken the Chinese renminbi against the U.S. dollar and many other OECD currencies. This competitive currency devaluation renders Chinese exports more affordable. At the same time, this currency devaluation reduces global demand for more expensive Chinese imports. In the broader context of international trade, nevertheless, the recent empirical evidence shows that each 10% currency depreciation improves the trade balance by only 0.3% of near-term real GDP economic output ceteris paribus. This evidence remains robust after the econometrician considers multi-year exchange rate fluctuations in response to interest rate cuts and other expansionary monetary policy decisions. In light of these robust results, monetary expansion alone is unlikely to cause the large and persistent currency devaluation that the central bank needs to stimulate economic growth, employment, and capital accumulation. This economic insight further applies to the recent dovish interest rate cuts that the U.S. Federal Reserve institutes in response to a vocal president.

The Federal Reserve reduces the interest rate by another quarter point to the target range of 1.75%-to-2% in late-September 2019. In accordance with the Federal Reserve dot plot of interest rate expectations, 5 FOMC members favor the prior status quo of 2% to 2.25%. The same flagship dot plot suggests that 5 FOMC members support a quarter point cut with no further rate cuts through the remainder of the current calendar year 2019. The dot plot further indicates that 7 FOMC members support at least one more interest rate cut in late-2019. The U.S. monetary policy committee again cites the implications of global trade frictions and other regional clouds of both fiscal policy uncertainty and asset price normalization for the current economic outlook. Low inflation momentum remains the root cause of the second interest rate cut. The recent dovish monetary policy stance accords with the Federal Reserve dual mandate of maximum sustainable employment and price stability. Federal Reserve Chair Jerome Powell indicates that it may be essential for most market participants to raise the bar for any further interest rate reductions due to tighter financial constraints in the foreseeable future. Data dictate future moderate moves in the monetary policy space.

Treasury Secretary Steven Mnuchin indicates that there is a good conceptual trade agreement between China and America with respect to intellectual property protection and enforcement. Prior trade talks lead to positive progress on intellectual property protection and enforcement concerns. These trade talks are set to resume at high levels in October 2019. In a recent interview with Fox Business, Treasury Secretary Steven Mnuchin conveys the main theme that both sides can reach a conceptual interim trade agreement on patent and trademark enforcement concerns. Meanwhile, President Trump maintains the firm conviction that it would be important to impose heavy tariffs on Chinese imports if China cannot reach at least an interim fair trade deal. Investor anxiety and sentiment may manifest in the form of substantially more volatile price fluctuations across the U.S. and Asian asset markets for stocks, bonds, currencies, and commodities. As the People Bank of China (PBoC) governor Yi Gang is likely to participate in the October 2019 trade talks, the U.S. trade team expects to address the unfair trade tactic of PBoC renminbi currency manipulation. In summary, the supple-side school of economic thought prevails during the Trump administration with fiscal stimulus, fair trade, and better intellectual property protection.

President Trump indicates that he would consider an interim Sino-American trade deal in lieu of a full bilateral trade agreement. The Trump administration defers higher tariffs on $250 billion Chinese imports to mid-October 2019 as China celebrates its national anniversary in early-October 2019. Meanwhile, President Trump would prefer a complete trade agreement as both China and the U.S. seek better trade conflict resolution in the next round of bilateral trade negotiations in October 2019. Stock market analysts and political scientists suggest that an interim trade deal can translate into consensus views of both bilateral trade deficit eradication and intellectual property protection and enforcement. The former causes China to purchase more U.S. agribusiness products, and the latter may require either legislative structural reforms or international arbitration tribunals. It is difficult for China to set in stone specific fair trade practices by signing into law protective arrangements for multinational corporations such as Apple, Google, and Microsoft. Also, it can be difficult for China to suspend government subsidies on domestic state enterprises and tech firms such as Alibaba, Baidu, ByteDance, Didi, and Tencent. When push comes to shove, an interim Sino-American trade deal may be the necessary evil for better harmony and compromise.

The Trump administration postpones increasing 25% to 30% tariffs on $250 billion Chinese imports soon after China extends an olive branch to de-escalate Sino-American tariff tension. China further resumes purchasing American agricultural products such as soybeans and pork bellies to better balance the current U.S. trade deficit. These reconciliatory gestures of good will arise in the broader context of new trade negotiations as both sides reconvene in October 2019. From Dow Jones and Nasdaq to Shanghai and Hong Kong, U.S. and Asian stock markets rebound 3%-to-5% in response to this positive change in the Sino-U.S. trade engagement. In the next round of Sino-U.S. trade negotiations, both sides delve into the more difficult legislative structural reforms in Chinese state capitalism. It is important for the U.S. trade envoys and reps to urge Chinese bureaucrats and policymakers to sign into law better intellectual property protection and enforcement. This legal reform would empower multinational corporations such as Apple and Microsoft to institute tort lawsuits over patent, trademark, and copyright concerns in the worst-case scenario of intellectual property infringement. The Chinese Xi administration needs to mull over a genuine compromise. The structural reform may overturn the current fundamental state-centric economic development model in China.

AYA finbuzz podcast October 2019

AYA Analytica is our online regular podcast and newsletter about key financial news, market insights, economic issues, and stock investment strategies on our Andy Yeh Alpha (AYA) fintech network platform. With both American focus and international reach, our primary and ultimate corporate mission aims to help enhance financial literacy, inclusion, and freedom of the open and diverse global general public. We apply our unique dynamic conditional alpha investment model as the first aid for every investor with profitable asset investment signals and portfolio strategies. In fact, our AYA freemium fintech network platform curates, orchestrates, and provides proprietary software technology and algorithmic cloud service to most members who can interact with one another on our AYA fintech network platform. Multiple blogs, posts, ebooks, analytical reports, stock alpha signals, and asset omega estimates offer proprietary solutions and substantive benefits to empower each financial market investor through technology, education, and social integration. Please feel free to sign up or login to enjoy our new and unique cloud software services on AYA fintech network platform now!!

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We create each free finbuzz (or free financial buzz) as a blog post on the latest financial news and asset investment ideas. Our finbuzz collection demonstrates our unique American focus with global reach. Each free finbuzz provides deep insights into numerous topical issues in global finance, stock market investment, portfolio optimization, and dynamic asset management. We strive to help enrich the economic lives of most investors who would otherwise engage in financial data analysis with inordinate time commitment.

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nickelsonbnirmakbf32insuran-blog · 5 years ago

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carpostnet · 5 years ago

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Skoda Vision IN Concept to Debut in India on February 3!

The Skoda Vision IN idea will preview the mid-size SUV that Skoda will debut in India on the 2020 Auto Expo. The SUV will likely be launched in between April-June 2020.

In December 2019, Skoda India teased an all-new SUV for the Indian market by means of an inside sketch picture. They have been calling it the Vision IN idea. Now Skoda India has confirmed that they’ll reveal the Vision IN idea in its entirety on February 3, forward of its public debut on the 2020 Auto Expo on February 7. The idea may even be on show on February fifth and sixth on the media days.

Skoda has confirmed that they’ll debut the Vision IN idea on February 3.

This new mid-size SUV from Skoda will likely be primarily based on an India-specific model of the MQB AO platform. Its known as the MQB AO IN platform. We additionally know that the SUV will measure 4.26 meters in size. The production-spec model of the SUV could have a wheelbase measuring 2,651mm. That ought to present ample area on the interiors, notably for the rear row of seats.

From the inside sketch pictures that we’ve seen from what Skoda has teased earlier than, the dashboard will likely be multi-layered however it is going to have a clear and minimalistic design. The dashboard will likely be dominated by a big free-standing touchscreen infotainment system. The SUV may even include Skoda’s Virtual Cockpit system (digital instrument cluster), a flat-bottom three-spoke steering wheel with steering mounted controls, a small gear selector in the central console, and a singular ‘crystalline element’ positioned in the center of the dashboard.

Also Read : MG ZS EV Price To Start At Rs 24 Lakhs; To Come In Two Variants

The Skoda Vision IN idea will likely be powered by a 1.0-litre, three-cylinder turbo-petrol engine. There may even be a bigger 1.5-litre, four-cylinder turbo-petrol engine. We would not have the precise energy and torque outputs from these engines but however we could have extra data on them as we strategy the unveil date. There will likely be no diesel engine on provide with this SUV as Skoda has determined to discontinue diesel engines put up the BS-6 norms. However, a CNG variant may very well be on the playing cards.

Also Read : Jeep Compass Diesel-Automatic Variants and Features Details!

As per an announcement made by Zac Hollis, director of gross sales, service and advertising and marketing, Skoda Auto India, the production-spec Skoda Vision IN SUV will launch in India someday between April-June 2021. It will compete with the likes of the next-gen Hyundai Creta, Kia Seltos, MG Hector and Maruti Suzuki’s upcoming midsize SUV. What’s additionally value noting is that Volkswagen may even have a model of this SUV, most certainly in the type of the India-spec T-Cross.

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sowheelsindia-blog · 6 years ago

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Volkswagen T-cross India | Volkswagen T-Cross India Price, Launch Date &...

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theconservativebrief · 6 years ago

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In an apparent attempt to punish General Motors for the planned job cuts it announced last week, the White House said Monday that eliminating subsidies for electric cars is now its official policy, Reuters reported.

Currently, automakers get a $2,500 to $7,500 subsidy in the form of a tax credit for consumers for their first 200,000 electric vehicle sales. EV maker Tesla has already hit the cap, GM will hit it later this year, and the auto industry wants an extension.

The fact that manufacturers are hitting their EV subsidy caps is a testament to the success of EVs on US roads. Automakers and utilities just celebrated the sale of more than 1 million electric vehicles in the US. And EV sales are now expected to surge. The Edison Electric Institute, which represents investor-owned power utilities, projects there will be 18.7 million EVs on US roads by 2030.

These vehicles are critical to lowering our emissions and limiting climate change. Electrifying transportation will help make our economy more efficient and eventually reduce overall energy demand.

But as GM’s recent restructuring plan shows, US automakers also aren’t finished manufacturing larger, less fuel-efficient vehicles. The company announced last week that it will end production of several sedans, including the Volt, a plug-in electric hybrid, to focus on larger cars. (GM said it also wants to devote more attention to Bolt, an all-electric car starting at $36,000, other EVs, and self-driving cars.) Earlier this year, Ford said it was pulling back from cars like the Focus and Taurus in favor of SUVs and crossovers.

So the US auto industry is in a weird spot, simultaneously betting on cleaner electric cars and bigger, more expensive cars.

Meanwhile, the Trump administration’s policies are threatening both of these tacks. Trump’s proposed tariffs on imported vehicles and car parts, as well as implemented tariffs on steel and aluminum, are threatening to raise the price of cars in the US. Cars, particularly EVs, now have a global supply chain, so seeing tariffs on components like batteries would make them less competitive. And while Trump can’t revoke the EV tax credits on his own since the subsidies for electric cars were put into place by Congress, he may embolden Republicans in Congress who want to eliminate them.

“We pay a lot of attention to what any president says,” said Dan Turton, vice president for North American policy at General Motors at an industry event last week. “But this electrification movement is going forward anyway.”

It’s a bit of a quagmire, so let’s walk through what White House policy could mean for both the present and the future of the US auto industry.

The $2,500 to $7,500 electric vehicle tax credit was a critical incentive to encourage EV adoption as it knocked a big chunk off the sticker price. And lately, some lawmakers and environmental groups have called for lifting the cap and extending the tax credit to more vehicles to encourage more sales instead of ending the EV subsidy.

“I think it would be shortsighted to end it now, especially when American companies are going to be hit,” said David Reichmuth, a senior engineer for clean vehicles at the Union of Concerned Scientists. Automakers say losing the tax credit now would hurt EV sales just as they are starting to take off.

The transportation sector is the largest source of greenhouse gases in the United States. Cars and light trucks comprise 60 percent of these emissions, making them an important target for any climate change mitigation strategy.

From an environmental perspective, it makes sense to invest in electric cars.

The trouble is building a mass-market electric car requires striking a difficult balance and the incentives are not always there. While the first electric cars hit the roads in the 1800s, the battery systems have only recently caught up in price and performance to their fossil-fueled competitors. There’s still a price premium for purely electric cars, and the charging infrastructure is still lacking in many areas.

But beyond targeting electric car credits, Trump’s actions on trade have made it more difficult and expensive to build cars in the US. Increasingly, cars made in the United States have a global supply chain, especially as they incorporate more high-tech materials and parts. Tariffs on components like steel could raise new car prices by upward of $7,000.

Trump’s new version of NAFTA, the United States-Mexico-Canada Agreement, raised the share of car components that must be sourced in North America for tariff exemptions to 75 percent. It’s expected to add $1,000 to the price tag of some vehicles.

For electric vehicle manufacturers, these developments are especially worrying. Take the lithium-ion battery, the current power source for most EVs, for example. Much of the world’s raw lithium comes from South America and Australia. That material is then shipped to China to assemble battery packs, which in turn are built into vehicles in the United States. With components that cross so many borders, tariffs and retaliatory tariffs stand to raise electric vehicle prices for buyers, which in turn could depress sales.

“These discussions about trade and potential limitations on trade are of some concern, but we’re also working toward making sure our production network is more flexible,” said Bryan Jacobs, vice president for government and external affairs at BMW Group, at an industry event last week. “Open and free trade is a formula for success, regardless of whether you are talking about making batteries or any other supply or component.”

Some manufacturers are already investing in building more components in the United State. Tesla’s gigafactory in Nevada is on pace to produce 60 percent of the world’s lithium-ion batteries.

The administration is now trying to freeze fuel economy standards put in place under Obama. Tougher fuel economy rules give an advantage to cars and trucks that don’t need fuel.

But manufacturers like Tesla also count on selling credits to other car companies that are having a harder time meeting the high mileage standards. It’s an important source of revenue for the companies, but if the rules get laxer, manufacturers have less of an incentive to build EVs.

And even as more electrics roll out, the bulk of the vehicles on the road will still run on fossil fuels for years, so making them more efficient is a crucial tactic in cutting greenhouse gas emissions.

“The push for electrification is good, but we still need conventional [fuel economy] standards,” Reichmuth said.

Carmakers seem to be convinced that electric cars will eventually dominate the roads. Yet they also think that for now, car buyers still want bigger, more luxurious cars that guzzle lots of fuel.

US car buyers have shown that they prefer larger vehicles. More than 17 million cars were sold in 2017. Two-thirds of them were SUVs and pickup trucks.

Witness the rise of bigger-than-a-car, smaller-than-a-truck crossover vehicles. These are typically built on the same platforms as sedans but are bigger and often sell at a higher price. While automakers like to brag that these crossovers can get about the same mileage as sedans from a decade ago, around 30 mpg, they still aren’t as efficient as smaller cars for sale now.

These vehicles also help make the business case to keep building cars in the US, where labor tends to be more expensive. “Higher-priced vehicles can tolerate higher labor costs,” explained Willy Shih, a professor of management practice at Harvard Business School.

Even foreign automakers with factories in the US tend to use them to build larger vehicles. Toyota builds Tacoma and Tundra pickup trucks in Texas. BMW builds SUVs and crossovers in South Carolina. Volkswagen is launching an SUV offensive with a new model to be built in Tennessee.

“If you think about it, it doesn’t mean sedan demand has gone away; it means a lot of sedan demand is captured by imports,” Shih said.

That’s led to a situation where US carmakers have proffered tepid support for their smaller, more efficient offerings. Volt customers have complained that dealers often knew little about the car and even tried to steer them away from it. Environmental groups have also argued that the automakers are not putting much weight in advertising cleaner cars, particularly electrics.

But while consumers are shelling out more money for bigger cars, they don’t want to spend more money on gas. SUV sales tend to rise as gas prices fall. Gas prices are currently low, which undermines the case for a vehicle that doesn’t use any.

Politically, it’s hard to argue for higher fuel prices, even on environmental grounds. President Obama’s first energy secretary, Steven Chu, was excoriated in 2008 when he suggested raising gasoline prices as a tactic to promote fuel efficiency, while his boss later bragged about low gas prices on his watch.

If the price of gasoline surges again, we could see a crash in sales of larger vehicles and a surge in electrics. For now, fossil fuel-powered cars aren’t going anywhere. Electrics are still a tiny slice of the overall car market, so there is vast room to grow as sticker prices fall. The market is in fact big enough for the both of them.

And in other countries, electric vehicles may come to dominate the roads much sooner. According to McKinsey & Company, China has a larger EV market than the United States and Europe combined. The vast majority of China’s EVs are made by Chinese companies, which in turn want to sell their cars around the world.

China and India are both weighing bans of fossil fuel vehicles, as a way to both improve air quality and boost their respective fledgling electric car industries. That means more than one-third of the world’s population will live in an area where internal combustion engines are no longer allowed.

Original Source -> Why US carmakers are betting on electric vehicles and SUVs at the same time

via The Conservative Brief

#IFTTT #The Conservative Brief

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autovistaexcel-blog · 8 years ago

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Brand New Maruti Suzuki CIAZ – Nexapune

Overview

Maruti Nexa Ciaz 2017 Price, Launch and Features – Nexa Pune:

A trusted name among the masses when it comes to automobiles, Maruti has been catering to the vehicle needs of the people for a long time now. For years, the company has been coming out with vehicles that are filled with all the latest features. The latest in line is the Maruti Nexa Ciaz. Touted for release in April 2017, this vehicle is said to be in line for the top range of models from Maruti. The all new Maruti Ciaz 2017 is said to be filled with powerful features that are sure to make the car the best in the Indian market

Expected date for Nexa Ciaz launch:

Though the date has not been confirmed, the Nexa Ciaz is said to be launched in India by the first half of 2017, preferably in April 2017. After the launch of the vehicle, the dealership and the sales for the Maruti Ciaz 2017 would be from the Nexa Pune outlet. The dealership for the car can be got at premium rates from this outlet.

Expected Nexa Ciaz price range:

Ciaz is all set to be launched in 5 variants naming Sigma, Zeta, Delta, Alpha & S (Sport). Depending on the model, the pricing is said to start from Rs. 9 lakhs and is said to reach a maximum of Rs. 11.50 lakhs. The new Ciaz price can be attributed to the minor cosmetic changes that have been added to the model along with the addition of new features to the car. It must be kept in mind that the prices might face a small hike, depending on the city where it is purchased, as the road taxes tend to vary and needs to be factored in while calculating the total price.

Specifications

The Nexa Ciaz has two versions. One is the petrol version and the other is the diesel version. Specifications can be seen to vary between the two versions of the Maruti Ciaz 2017.

The specifications for the diesel version of Ciaz include,

· Engine capacity: 1.3 litre

· Power: 90 bhpe

· Torque: 200 Nm

· Boot space: 510 L

· Mileage: 28.09 kmpl

· Transmission: 5 speed, manual

The specifications for the petrol variant of Ciaz include,

· Engine capacity: 1.3 litre

· Power: 110 bhp

· Torque: 150 Nm

· Boot space: 510 L

· Mileage: 20.73 kmpl

· Transmission: 5 speed, manual; 4 speed, automatic

Features

As mentioned earlier, the new Ciaz has been given few minor cosmetic changes when compared to the previous models. Some of the common features that can be seen in the Ciaz 2017 include,

· Camera for reverse parking

· Leather fit for seating, steering wheel, hand brake, and gear knob

· Bluetooth enabled SmartPlay touchscreen

· Cruise control facility

· Smoked headlamps

· Provision for dual airbags

· Keyless entry

The engine and the transmission system of both the petrol and the diesel variants have been carried forward from the previous models. The engine for the petrol variant is seen to be fit with the latest version of S-Cross petrol.

Both the interior and the exterior of the Maruti Ciaz have been given a minor makeover that is visible in the vehicle. The Nexa Ciaz reviews provides a good insight into the features and the specifications that have been newly added to the vehicle.

Interior features:

For comfortable seating and handling of the steering, leather wrap fit has been added to the interiors. Along with this, to enable ease in reverse parking of the vehicle, a separate camera has been installed that provides a good view of the parking space available. There is a push start and a stop button along with advanced navigation system installed to the car’s interiors.

Exterior features:

The new sunroof feature has been added to the Nexa Ciaz. Compared to the other models, this car has a wider wheelbase. Additionally, the car has been fit with smoked headlamps, revised bumper and a front grille. The car’s finish has a smooth coating of chrome that adds to the sleek and the classy look of the vehicle.

Competitors for Maruti Ciaz Facelift

Having fit with all the powerful and advanced features, it has become natural for the all new Ciaz to have competitors in the automobile market. Some of the vehicles that are said to be the major competitors of the Ciaz 2017 include the Honda City 2017, Hyundai Verna 2017, Skoda Rapid, Fiat Linea 125S and Volkswagen Vento Facelift.

Click Here For More Information : -

http://nexapune.com/nexa-new-cars/maruti-suzuki-ciaz

#New Maruti Suzuki nexa ciaz #nexapune #new maruti nexa showroom in pune #nexa maruti dealer in pune #nexa ciaz car price

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beingmad2017-blog · 8 years ago

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Automobile Sector - The Indian Scenario

New Post has been published on https://beingmad.org/automobile-sector-the-indian-scenario/

Automobile Sector - The Indian Scenario

Introduction:

During the early 60s & 70s, automobiles came largely in twos.

In scooters, you had a Lambretta or a Vespa.

In motorcycles, you had a Bullet or a Java.

In cars, you had to choose between an Ambassador and a Fiat.

In trucks, it was either an Ashok Leyland or a Tata.

In tractors, it was between a Swaraj and a Mahindra.

This situation reflected the India of yester years. Economic reforms and deregulation have transformed that scene. The automobile industry has written a new inspirational tale. It is a tale of exciting multiplicity, unparalleled growth, and amusing consumer experience – all within a few years. India has already become one of the fastest growing automobile markets in the world. This is a tribute to leaders and managers in the industry and, equally to policy planners. The automobile industry has the opportunity to go beyond this remarkable achievement. It is standing on the doorsteps of a quantum leap.

The Indian automobile industry is going through a technological change where each firm is engaged in changing its processes and technologies to maintain the competitive advantage and provide customers with the optimized products and services. Starting from the two wheelers, trucks, and tractors to the multi-utility vehicles, commercial vehicles, and the luxury vehicles, the Indian automobile industry has achieved splendid achievement in the recent years.

“The opportunity is staring in your face. It comes only once. If you miss it, you will not get it again”

On the canvas of the Indian economy, the auto industry maintains a high-flying place. Due to its deep frontward and rearward linkages with several key segments of the economy, the automobile industry has a strong multiplier effect and is capable of being the driver of economic growth. A sound transportation system plays an essential role in the country’s rapid economic and industrial development. The well-developed Indian automotive industry skillfully fulfills this catalytic role by producing a wide variety of vehicles: passenger cars, light, medium and heavy commercial vehicles, multi-utility vehicles such as jeeps, scooters, motorcycles, mopeds, three wheelers, tractors etc.

The automotive sector is one of the core industries of the Indian economy, whose prospect is reflective of the economic resilience of the country. Continuous economic liberalization over the years by the government of India has resulted in making India as one of the prime business destination for many global automotive players. The automotive sector in India is growing at around 18 percent per annum.

“The auto industry is just a multiplier, a driver for employment, for investment, for technology” The Indian automotive industry started its new journey from 1991 with licensing of the sector and subsequent opening up for 100 per cent FDI through automatic route. Since then almost all the global majors have set up their facilities in India taking the production of a vehicle from 2 million in 1991 to 9.7 million in 2006 (nearly 7 per cent of global automobiles production and 2.4 per cent of four wheeler production).

The cumulative annual growth rate of production of the automotive industry from the year 2000-2001 to 2005-2006 was 17 percent. The cumulative annual growth rate of exports during the period 2000-01 to 2005-06 was 32.92 percent. The production of the automotive industry is expected to achieve a growth rate of over 20 percent in 2006-07 and about 15 percent in 2007-08. The export during the same period is expected to grow by 20 per cent.

The automobile sector has been contributing its share to the shining economic performance of India in the recent years. With the Indian middle class earning higher per capita income, more people are ready to own private vehicles including cars and two-wheelers. Product movements and manned services have boosted the sales of medium and sized commercial vehicles for passenger and goods transport.

Side by side with fresh vehicle sales growth, the automotive components sector has witnessed big growth. The domestic auto components consumption has crossed rupees 9000 crores and an export of one-half size of this figure.

Eye-Catching FDI Destination – INDIA!

India is at the peak of the Foreign Direct Investment wave. FDI flows into India trebled from $6 billion in 2004-05 to $19 billion in 2006-07 and is expected to quadruple to $25 billion in 2007-08. By AT Kearney’s FDI Confidence Index 2006, India is the second most attractive FDI destination after China, pushing the US to the third position. It is commonly believed that soon India will catch up with China. This may also happen as China attempts to cool the economy and it’s protectionism measures that are eclipsing the Middle Kingdom’s attractiveness. With rising wages and high land prices in the eastern regions, China may be losing its edge as a low-cost manufacturing hub. India seems to be a natural choice.

India is up-and-coming a significant manufacturer, especially of electrical and electronic equipment, automobiles and auto parts. During 2000-2005 of the total FDI inflow, electrical and electronic (including computer software) and automobile accounted for 13.7 per cent and 8.4 per cent respectively.

In services sectors, the lead players are the US, Singapore, and the UK. During 2000-2005, the total investment from these three countries accounted for about 40 percent of the FDI in the services sector. In automobiles, the key player is Japan. During 2000-2005, Japan accounted for about 41 percent of the total FDI in the automobile, surpassing all its competitors by a big margin. India’s vast domestic market and the large pool of technically skilled manpower were the magnetism for the foreign investors. Hitherto, known for knowledge-based industries, India is emerging a powerhouse of conventional manufacturing too. The manufacturing sector in the Index for Industrial Production has grown at an annual rate of over 9 percent over the last three years. Korean automakers think India is a better destination than China. Though China provides a bigger market for automobiles, India offers a potential for higher growth. Clearly, manufacturing and service-led growth and the increasing consumerization make India one of the most important destinations for FDI.

Automotive Mission Plan 2016

The bumper-to-bumper traffic of global automobile biggies on the passage to India has finally made the government sit up and take notice. In a bid to drive greater investments into the sector, ministry of heavy industries has decided to put together a 10-year mission plan to make India a global hub for automotive industry.

“The ten-year mission plan will also set the roadmap for budgetary fiscal incentives”

The Government of India is drawing up an Automotive Mission Plan 2016 that aims to make India a global automotive hub. The idea is to draw an innovative plan of action with full participation of the stakeholders and to implement it in mission mode to meet the challenges coming in the way of growth of an industry. Through this Automotive Mission Plan, Government also wants to provide a level playing field to the players in the sector and to lay a predictable future direction of growth to enable the manufacturers in making a more informed investment decision.

Major players in the automobile sector are:

Tata

Mahindra

Ashok Leyland

Bajaj

Hero Honda

Daimler Chrysler

Suzuki

Ford

Fiat

Hyundai

General Motors

Volvo

Yamaha

Mazda

Foreign Companies in the Indian auto sector

Until the mid-1990s, the automobile industry in India consisted of just a handful of local companies with small capacities and obsolete technologies. Nevertheless, after the sector was thrown open to foreign direct investment in 1996, some of the global majors moved in and, by 2002, Hyundai, Honda, Toyota, General Motors, Ford and Mitsubishi set up their manufacturing bases.

Over the past four to five years, the country has seen the launch of several domestic and foreign models of passenger cars, multi-utility vehicles (MUVs), commercial vehicles and two-wheelers and a robust growth in the production of all kinds of vehicles. Moreover, owing to its low-cost, high-quality manufacturing, India has also emerged as a significant outsourcing hub for auto components and auto engineering design, rivaling Thailand. German automaker Volkswagen AG, too, is looking to enter India.

India is expected to be the small car hub for Japanese major Toyota. The car, a hot hatch like the Swift or Getz is likely to be exported to markets like Brazil and other Asian countries. This global car is crucial for Toyota, which is looking to improve its sales in the BRIC (Brazil, Russia, India, China) markets.

Two multi-national car majors — Suzuki Motor Corporation of Japan and Hyundai Motor Company of Korea — have indicated that their manufacturing facilities will be used as a global source for small cars. The spurt in in-house product development skills and the uniquely high concentration of small cars will influence the country’s ability to become a sourcing hub for sub-compact cars.

A heartening feature of the changing automobile scene in India over the past five years is the newfound success and confidence of domestic manufacturers. They are no longer afraid of competition from the international auto majors.

For instance, today, Tata Motor’s Indigo leads the popular customer category, while its India is neck-to-neck with Hyundai’s Santro in the race for the top slot in the B category. Meanwhile, M&M’s Scorpio has beaten back the challenge from Toyota’s Qualis to lead the SUV segment. Similarly, a few Indian winners have emerged in the motorbike market — the 150 and 180 cc Pulsar from Bajaj and 110 ccs Victor from the TVS stable. The 93 cc Bike from Bajaj and 110 cc Freedom bike from LML have also emerged as winners.

Evidently, Indian players have learned from past mistakes and developed the skills to build cheaper automobiles using `appropriate’ technologies. TVS, for instance, paid an overseas source $100,000 to fine-tune home-grown engines rather than $1.5 million to import the entire engine. Similarly, M&M adapted available systems and off-the-shelf components from global suppliers to keep costs down and go for aggressive pricing. True, Indian players are still lacking in a scale of operation. While economies of scale no doubt play an important role in the auto sector, a few Indian manufacturers relied on innovation rather than the scale of operation for competitive advantage. For instance, Sundram Fasteners was able to achieve the feat of directly supplying radiator caps to General Motors purely on the strength of innovation in product quality. The domestic tooling industry bagged the order for the Toyota Kirloskar transmission plant in the face of stiff competition from multinational corporations. The cost of the entire job turned out to be only a fraction of the original estimate.

As the automobile industry has matured over the past decade, the auto components industry has also grown at a rapid pace and is fast achieving global competitiveness both in terms of cost and quality.

In fact, industry observers believe that while the automobile market will grow at a measured pace, the components industry is poised for a take-off. For it is among the handful of industries where India has a distinct competitive advantage. International automobile majors, such as Hyundai, Ford, Toyota and GM, which set up their bases in India in the 1990s, persuaded some of their overseas component suppliers to set up manufacturing facilities in India.

Consequently, the value of a cumulative output of the auto components industry rose rapidly to Rs 30,640 crore at end-2003-04 from just Rs 11,475 crore in 1996-97. Foreign companies such as Delphi, which followed General Motors in 1995, and Visteon, that followed Ford Motors in 1998, soon realized the substantial cost advantage of manufacturing components in India.

Finding the cost lower by about 30 per cent, they began exploring the possibility of exporting back these low-cost, high-quality components to their global factories and, thus, reducing their overall costs. Not surprisingly, the industry’s exports registered a more than four-fold jump to Rs 4,800 crore in 2003-04 from just Rs 1,033 crore in 1996-97.

Automobile majors such as Maruti Udyog, Toyota, Hyundai have now finalized their plans to invest in some of the critical auto components. According to the Automotive Component Manufacturers Association of India (ACMA) officials, auto component manufacturers are expected to invest about Rs 10,000 crore over the next five years at the rate of Rs 2,000 crore per annum.

According to analysts, the auto component industry could emerge as the next success story after software, pharmaceuticals, BPO, and textiles. The size of the global auto component industry is estimated at $1 trillion and is set to grow further. Against this backdrop, McKinsey’s latest report has estimated that the sector has the potential of increasing its exports to $25 billion by 2015 from $1.1 billion in 2004.

The threat to the Dream!

India’s expedition to become a global auto manufacturing hub could be seriously challenged by its inability to uphold its low-cost production base. A survey conducted by the research, KMPMG firm reveals that the Indian auto component manufacturers are increasingly becoming skeptical about sustaining the low-cost base as overheads including labor costs and complex tax regime are constantly rising.

The survey said many executives believe that India’s cost advantage is grinding down fast as labor costs are constantly increasing and retaining employees is becoming more and more difficult. Increased presence of global automotive companies in the country was cited as one of the reasons for the high erosion rate.

Indian auto businesses will only flourish if they boost investments in automation. In the longer term, cost advantage will only be retained if Indian capital can be used to develop low-cost automation in manufacturing. This is the way to preserve our low cost.

Global auto majors are also cynical about India’s low-cost manufacturing base. India taxation remains a big disadvantage. This is not about tax rates it is just about unnecessary complexity. But some companies also believe there is scope for reducing the cost of doing business.

In spite of this, there are opportunities to exploit lower costs right across the board. It’s true that labor costs are definitely increasing but they are still five per cent of the total operational costs. The labor costs can be further reduced if companies are successful in bringing down other costs like reducing power costs. The low-cost base can never last long. The company said Indian industry has till now relied on very labor intensive model but it would have to switch to a more capital intensive model now.

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