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Within a period of two years the Tata Motors is anticipating to provide the world cheapest car , the Nano , in the United States , said its chairman.
At the Cornell Global Forum on Sustainable Global Enterprise Ratan Tata said that it is essential to satisfy with all emission and crash standards and so the company expects to offer the car in the coming two years in the U.S country.
Further Tata has decided to provide a European version of the car in the year 2011 and it is about $2 , 300.
Moreover keeping in mind regarding the motorbike and scooter riders in India the Tata came up with the plan to produce a car so that poor people will also be able to go in the car.
Adding the car is provided with four-seat and receives up to 65 miles per gallon (28 km per liter).
Further the company outcomed that it is involved in producing cars that works on fuels other than gasoline such as clean diesel , biofuels and batteries.
In January 2008 the Nano was presented in showrooms however production was started lately due to the objections over land use where the facility was to be situated. By the month of July the cars will be available in India and the initial 100 , 000 owners will be picked based on a lottery system.
Thanks ,
In the recent , the car producers has decided to augment up the output of premium compact cars. Adding , in this section it will heap on the competition.
Maruti Suzuki and Hyundai are the few companies involved in producing compact cars are orienting on the way to the upper end of the compact car segment. And there are a few more incomings to entice the segment and the price will be more than Rs. 4 lakhs.
Adding , currently Maruti Suzuki has released the model A-star and its imminent model Ritz will be placed in the premium compact car division. In the coming month , the Honda’s novel model Jazz is put to the release. Also Toyota’s novel model and Volkwagen’s impending compact car are prone to outfit to this part. And the present models in this part embrace Swift , Getz , i-20 , Skoda Fabia.
With the budding incomes and varying lifestyle it will spotlight on more chic models with additional facilities said Mr S. Nakanishi , the Maruti Suzuki Managing Director and CEO. The company has models such as Alto , Zen and Wagon R - in the lower end and Swift , A-star and Ritz in the premium compact car group , said Mr Mayank Pareek , the Marketing Executive Officer.
As per the SIAM arranagement , the A2 segment that has compact cars definite with a length of 3401-4000 mm. In a month the sales of compact cars in the country are projected to be in the sort of 70 , 000-80 , 000 units. As with there is 17% for the share of the premium compact car segment.
Mr Arvind Saxena , the Senior Vice-President in Sales and Marketing , Hyundai outcomed that the present market extent is petite with additional competitors are also going in the segment and will swell the quiche.
Toyota Kirloskar Motor going to launch its small car by december 2010 in both petrol and diesel variants and it could be powered with a 1.2-litre or 1.3-litre engine.The compact car will be available in both sedan and hatchback.
“The new strategic small-vehicle project has reached half-way in its development. We will launch it in 22 months , ” said TKM’s managing director , Hiroshi Nagakawa said.
Commenting about the market condition in India , “The market condition for Toyota India is tough. Our sales have dropped by 50% and we had to cut production by 30% due to an inventory pile up. But we have managed the inventory problem from November to January and are now producing 3000 vehicles per month. The production volume will be increased step by step in February , March and April , ” Mr Nagakawa said.The second Toyota plant is being developed near Bangalore with an investment of $63 million.
“The first phase of the second plant will produce 70 , 000 vehicles annually , reaching a final production capacity of 200 , 000 vehicles per annum. At this moment , this plant will be used for the small car project. But it is a flexible plant where we can produce five types of vehicles , ” said Mr Nagakawa . TKM will double its dealership from the existing 82 dealers , in next two years to push the small car. On the CNG variant of the Innova , Mr Nagakawa said , “The vehicle has already been developed. It is being tested and will be launched as soon as possible.”
Ford India has revealed that their plans to launch a small car in the Indian market next year are on track. The company said that they are currently on schedule to launch the new model in 2010.
Ford said: “The small car from Ford is on track and we are expecting it to launch by early 2010.” Ford said that this model would be launched in both petrol and diesel versions and the engine capacity would be more than 1000CC. The company claims that they would price the model competitively. It would be great to have some new competition in the premium small car market which currently includes Skoda Fabia , Maruti Swift , Hyundai i20.
Export:
Ford India will commence export of small cars from the middle of next year , beginning with a few Asia-Pacific and African countries. The company plans to launch the car early next year in the domestic market with a local content of over 80 per cent. Speaking on the sidelines of Madras Management Association’s Annual Convention here , Mr Michael Boneham , Managing Director , Ford India , said the engine for the small car will be manufactured at the upcoming new plant.
The Maruti Swift achieved the new landmark by crossing 300 , 000 units in domestic sales within three years and nine months from its launch , making it the fastest selling model in its segment.
The petrol version has been available since the time of the launch , the diesel version powered by Fiat's 1.3-litre Multijet engine was launched in January 2007. According to Maruti , the diesel version contributes to about 60 percent of total sales and the rest is contributed by the petrol version. In the current financial year , the Swift has sold 91 , 288 units (April 2008 to January 2009) , against 71 , 113 units last year , representing a growth of 28 percent.
The co-players in the market , Hyundai Santro , that was launched in Sep 1998 , took 4 years and 7 months to touch the 3-lakh landmark.Tata Indica that was launched in December 1998 , took more than 5 years and 3 months to achieve the sales landmark. Even Maruti's own Alto model , that was launched in Sept 2000 , took more than 4 years and 9 months to achieve this sales figure.The company is also starting an online club for Swift owners called Swift Life from March 2009.