Pune

The all new Santro to excite first time buyers in India

Hyundai, the South Korean car giant, is all set to sizzle the little above entry level popular car market with the launch of its all new second generation Santro on October 23.

It will also be the global premier of the all new Santro in New Delhi as it will be exported to international markets, including Europe.

Mahindra launches 1.7 tonne payload Bolero pick-up

Mahindra & Mahindra, manufacturer of commercial vehicles on Thursday introdu­c­ed new Mahindra Bolero pi­ck-up with attractive featu­res with a starting price of Rs 6.66 lakh to boost sales in the festive season.

The Mumbai-headquartered automaker is the ma­r­ket leader with 62 per cent market share led by Mahindra Bolero pick-up range in the small commercial vehicle segment. It competes with rivals Dost pick-up range from Ashok Leyland and Zenon pick-up series from Tata Motors.

Car makers shower discounts on models due for facelift

It is raining discounts in the Indian automobile market. A lot of car models, which are about to get a facelift, are being rolled out of showrooms on huge discounts. In some cases, the price cut is as high as Rs 1.5 lakh. The offers will last till Diwali in November, may be beyond. “Car companies are struggling with unsold inventory piled up at dealerships across the country. That is why many are indulging in discounts and other gimmicks to desperately woo buyers,” Shekar Viswanathan, vice chairman & whole-time director at Toyota Kirloskar Motor told Financial Chronicle.

Tatas drive in new Tigor sedan to boost sales

Tata Motors, India’s biggest automaker by revenues, on Wedn­e­sday introduced its compact sedan Tata Tigor face­lift at the starting price of Rs 5.20 lakh to boost sales during the festive season.

The refreshed Tata Tigor competes with the Ford Aspire, Honda Amaze, Ma­ruti Suzuki Dzire, Hyundai Xcent and the Volkswagen Ameo in the world’s fifth largest and fiercely competitive car marke.

Grand Seiko eyes India

Grand Seiko, the luxury watch brand of Japanese giant Seiko Watch Corporation, is aggressively targeting sales volumes of at least 1,000 units in two-three years targeting the billionaires, millionaires and the rich and famous in the country.

“In terms of value we are targeting sales of about Rs 50 to Rs 60 crore from our luxury Seiko brand watches in India in two-three years,” Susumu Kawanishi, senior vice president at Seiko Watch Corporation told Financial Chronicle.

Datsun to drive in GO hatchback, GO+MPV

Nissan Motor, Japanese car giant’s sister brand Datsun has opened pre-booki­n­gs for the new Datsun GO hatchback and Datsun GO+ multipurpose vehicle (MPV) for Rs 11,000 ahead of the festive season.

Car makes in India, the world’s fifth and Asia’s thi­rd largest car market, lau­nch vehicles during the festive season, especially during Diwali when sales account for about 15 per cent of the annual sales.

Soaring fuel, rise in product prices hit car sales in Sept

Indonesian authorities scrambled on Monday to get help into quake-hit Sulawesi island as survivors streamed away from their ruined homes and accounts of devastation filtered out of remote areas, including the death of 34 children at a Christian camp.

The confirmed death toll of 844 was certain to rise as rescuers reached devastated outlying communities hit on Friday by a 7.5 magnitude earthquake and subsequent tsunami waves as high as 20 feet.

Nissan all set for Kicks to start new growth in India

Nissan, the Japanese car giant, looks to kickstart growth trajectory in India, the world’s fifth largest and Asia’s third biggest car market, along with a slew of strategic moves to gain market share.

The company said its much talked about new Nissan Kicks sports utility vehicle (SUV) will be the first of a number of new products Nissan plans to launch in India to give its rivals a run for their money.

Mercedes drives in new E-Class at Rs 75 lakh for festive season

Mercedes-Benz, India’s biggest luxury carmaker by sales, has introduced its new Mercedes E-Class all-terrain with a BS VI fuel emission compliant diesel engine, which can also run on BS IV fuel, to aggressively boost sales in a fiercely competitive luxury car market in the country.

With a price tag of Rs 75 lakh at pan India showrooms, the rugged, all-wheel-drive Mercedes estate competes in India with Volvo V90 Cross Country, which is priced at Rs 65.31 lakh.

Royal Enfield roars into global market with Interceptor, Continental

Royal Enfield, the global leader in the mid-size motorcycle segment, on Wednesday launched the much awaited 650cc twin bikes called the Interceptor and Continental GT 650 for the international market in California.

The company said both motorcycles would be launched in India later this year. Both bikes are available in three variants such as Standard, Custom and Chrome.

The Standard variant of the Interceptor and Continental GT 650 are priced at $5,799 (about Rs 4.21 lakh) and $5,999 (about Rs 4.36 lakh), respectively.

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