Category — Automobile

Mercedes Introduces its First India-Specific Benz

Germany-based Mercedes Benz introduced the 2017 Long Wheel Base version of its popular sedan, the Mercedes-Benz E-Class in India this month. It is the first India-specific product from Mercedes-Benz; it took 48 months for its development and is made in India for sale in India. The gasoline version in Mumbai comes at a price tag of Rs. 5,600,000 ($85,120) and the diesel version is priced at Rs. 6,900,000 ($104,880).

India is the first global market to receive the LWB version of the new E-Class in the Right Hand Drive format, reports Carsandbikes.in.

Mercedes-Benz-New-E-Class--2

Salient features include:

  • Twin Daytime Running Lamp strips at the front, integrated into the headlamps
  • Self park technology
  • A 360 degree view rear camera
  • Inside, the car gets ambient mood lighting, which can be set in as many as 64 different colors.

March 2, 2017   No Comments

Peugeot Buys India’s Iconic “Ambassador” Car Brand

French automobile conglomerate PSA Peugeot Citroen (also known as the PSA Group), finalized a $12 million  deal to acquire Hindustan Motors from parent company the C.K. Birla Group.

Once known as the ‘King of Indian Roads’, the Ambassador car brand is the most iconic car of India. Modeled after the British car Morris Oxford III, this car was first manufactured in 1958, and in 2014 production was shut down.

Ambassador Car

The PSA Group, which owns the Peugeot, Citroen, and DS Automobile marques, established a partnership with the C.K. Birla Group in January 2017 to enter the Indian automobile market. The joint venture, with a reported initial investment of $112 million, will see the French company set up a factory in Tamil Nadu to manufacture around 1,00,000 vehicles each year, reports Your Story.

February 16, 2017   No Comments

India’s Auto Part Maker to Build Factory in S. Carolina

Chennai India-based Sundaram Clayton Limited, a leading supplier of aluminum die castings to the automotive and non-automotive sectors, announced that it will establish its first American unit in Dorchester County, South Carolina, at an estimated cost of $50 million.

The company has acquired 50 acres of land for its new facility, where it will manufacture aluminum high-pressure die-cast products and permanent mold gravity cast parts for its customers. The Indian Express reports that construction work is expected to begin by April this year and the first production line is projected to be operational by the end of next year. The factory will create 130 new jobs over the next five years.

A casting used in cars

“The United States has always been an important market for us,” Lakshmi Venu, Sundaram-Clayton’s managing director, said in a statement. Venu said the company decided to invest in South Carolina to better support its U.S. customer base.

February 10, 2017   No Comments

Timken India Outperforms Peers

Timken India, a bearings maker and subsidiary of Ohio-based Timken, has demonstrated better revenue growth than its peers due to higher exports and strong parental support. The company’s revenue grew by 12.3% annually in the past four years compared with the 2.8% industry growth; and its share of exports grew in revenue to 35% in 2015 from 25% three years ago.

ball bearings

The growth momentum is likely to continue because of future opportunities. Indian Railways, for instance, plans to add higher axle freight wagons, high-speed passenger coaches, and several metros in different cities. State-owned Hindustan Aeronautics will require bearings for its light combat helicopters and advanced light helicopters, reports the Economic Times.

February 9, 2017   No Comments

Ola Claims 75% Market Share of India’s Urban Taxi Services

India’s Bangalore-based transport aggregator Ola said that because of its India-specific innovations such as offline booking and local language apps, the company “effectively holds over three-fourth market share”, reports the Economic Times. COO Pranay Jivrajka told the Press Trust of India that the focus of a business needs to be on localization in building customized products, and replicating existing business models and innovations will not work for the market here.
Ola Logo

“We are using technology to create ‘Made for India’ solutions, both on the supply and demand side, right from offline bookings for customers and 2G optimization to local language apps. Several introductions by our competition such as the ride later option, and the cash payment option have already been pioneered months ago by Ola’s technology team,” Jivrajka added.

Backed by investment from Japan’s SoftBank, Ola is a credible  competitor in India  to California-based Uber.

January 2, 2017   No Comments