Category — Automobile

India-Made Jeep Compass Now Sold in Japan, Australia

 Fiat Chrysler Automobiles, India, shipped its first batch of 600 right-hand drive units of the made-in-India Jeep Compass from the Bombay Port Trust facility to Australia and to Japan. The SUVs are produced in the company’s Ranjangaon factory situated near the city of Pune, and have over 65% localized  Indian content. The company will ship more of these cars to other international markets through the ongoing quarter of 2017.

FCA Jeep

Commenting on the defining moment, chief executive of Fiat India Automobiles Private Limited Gurpratap Boparai said, “Our resolve has been to ensure timely delivery of a world-class product, made in India, to Indian as well as our international customers.”

Kevin Flynn, president and managing director of the company said, “We are looking forward to a strong 2018 when production will be at full pace delivering on target domestic and export numbers,” reports IndianCarsBikes.in.

December 7, 2017   No Comments

India’s Mahindra Opens Michigan’s First new Auto Factory in 25 Years

Already with a large presence in the U.S. tractor market, Mahindra and Mahindra, an Indian multinational car manufacturing corporation headquartered in Mumbai, launched a new manufacturing facility in Auburn, Michigan, where the company plans to build off-road vehicles. The new facility is part of the company’s expansion plans, and becomes a part of its $230 million investment in Southeast Michigan.

“This is an exciting day for Mahindra, our terrific employees and Detroit. I couldn’t be prouder to be here to help open this new facility today,” said Anand Mahindra, chairman, Mahindra Group at the launch. He explained that the company had increased its workforce to three times the original number in the past 18 months and was committed to growing the Mahindra brand in North America and Michigan.

M&M Off-Roader 'Thar'

M&M Off-Roader ‘Thar’

The off-road vehicle will be limited to 45 miles an hour, and will cater to people needing an off-roader for tasks on private property or on lightly traveled public roads, reports the Wall Street Journal.

“It is a great day for my district and my State as this is the first automotive manufacturing facility in 25 years. This comeback is real and exciting,” said Congressman Dave Trott adding that Southeast Michigan is the birthplace of automotive industry.

“We are serious about courting Asian investment, global investment in Michigan,” Tracie Tillinger, an official with the Michigan Economic Development Corp., said.

 

 

 

November 22, 2017   No Comments

DHL Connects its India Trucks via Internet

Bonn, Germany-headquartered global logistics group DHL is planning to introduce internet-connected trucks and emulate Haryana, India-based technology-enabled logistics start-up Rivigo‘s “driver relay model” to improve customer experience and increase efficiency,

Rivigo, which launched in 2014, has a fleet of over 2,000 internet-connected trucks fitted with sensors for location tracking and real-time data. The company operates through a unique driver relay model: multiple drivers are appointed for one route and each one typically drives for four to five hours before handing over the truck to another driver at a pit stop, returning home with another truck. The company has at least 70 such pit stops across India. According to the Rivigo’s website, the driver relay model helps it reduce transit time by 50-70% from the industry average. DHL is planning to follow the same model and is in the process of building a team and fleet of trucks.

DHL Logistics

Live Mint reported that according to an industry expert, the logistics space offers significant potential for value creation and the sector is seeing some major disruptions due to better infrastructure, policy, and technology. “We see many new players and start-ups trying to capitalize on this opportunity. But, it is also a good setup for traditional logistics players to re-evaluate their business model and plan for breakthrough growth,” said Mayank Bansal, partner, Transportation and Infrastructure, at consulting firm AT Kearney.

 

November 10, 2017   No Comments

Exports Look Up for Global Auto Makers in India

According to the latest export numbers released by the Society of Indian Automobile Manufacturers, Ford India maintained a strong export trajectory for April – September 2017. With 82,347 units (+11.5% growth) Ford has the biggest share, accounting for 22.7% of the shipments. Built at the integrated Sanand plant in Gujarat, the made-in-India Ka+ is mainly exported to Europe. The company also exports the Ka compact sedan and standard sedan along with the EcoSport SUV (made at the Chennai plant) to foreign markets.

Cars

Hyundai India currently exports its vehicles to 87 countries worldwide. The key global markets for the company are Latin America (Mexico, Chile , Peru, Panama); Africa & Middle East (South Africa, Algeria, Tunisia) and the Asia Pacific (Philippines, Nepal).

With export numbers of 50,410 units Volkswagen India recorded a growth of 16.9% . The company, which has for long been benefiting from its make in India growth strategy, exports cars from its Pune plant to over 35 countries across the four continents: Asia, Africa, North America and South America. Mexico continues to be its biggest export market, contributing over 80 percent of its overseas volumes.

GM India, focused solely on export operations from its Talegaon plant since end-April 2017, has shipped 45,222 units (47.7% growth), enough to keep its operations in India running, reports Autocar Professional.  GM will stop selling cars in India next month.

Fiat Chrysler Automobiles India started local manufacture of its Jeep Compass SUV five months ago.  On October 25, FCA India shipped its very first batch of 600 units of the Jeep Compass from the Bombay Port Trust facility to Australia and Japan. The company says the Ranjangaon-produced SUV with over 65 percent local content will go to other international markets such as the U.K., New Zealand, and South Africa through the ongoing quarter of 2017.

 

 

November 2, 2017   No Comments

Consul General of Atlanta Says India is a Largely Untapped Market

Nagesh Singh, consul general for India in Atlanta, said that despite being the world’s fifth largest economy, India remains a largely untapped market which has plenty of opportunities for partnerships with domestic companies. He added that India hopes to increase bilateral trade with the United States from $120 billion to $500 billion in 2025.

Nagesh Singh, India's Consul General of Atlanta

Nagesh Singh, India’s Consul General of Atlanta

GSA Business Reports says that Singh outlined many areas of business opportunities in India:

  • Defense – India is the second-largest importer of arms with an annual expenditure of $15 billion in 2016.
  • Automotive – India is making strides to become the third-largest automotive market in the world by 2022. The country has a $300 billion market and produces only 20% of vehicles sold there.
  • Infrastructure – India plans to spend $1 trillion by 2030 to upgrade roads, bridges and utilities.
  • The country also represents a $600 billion retail market and a $120 billion aerospace market.

Singh noted that businesses in India plan to invest more in the United States. “India is becoming a very important part of providing direct investment to this country,” he said, adding that a recent survey of Indian businesses showed 90% of them want to invest more in the United States.

 

October 16, 2017   No Comments