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.

Ducati brings 959 Panigale Corse superbike for Rs 15 lakh

Ducati, the luxury Italian motorcycle brand owned by German Volkswagen Group, on Tuesday introduced the special edition of Ducati 959 Panigale Corse superbike in India, priced at Rs 15.20 lakh at pan-India showroom.

The brand is taking advantage of the festive season to aggressively market its superbikes, as Diwali season accounts for about 15-20 per cent of the total two-wheeler annual sales in the country.

Superbike Benelli re-enters India with Mahavir Group

Benelli, global leader in the superbike segment, is racing on every cylinder to re-establish its foothold in India, after severing its distribution partnership with Pune-based DSK Motowheels whose owner is in jail at present.

The Italian superbike giant is developing and designing a range of all new Benelli Imperiale bikes in the 400cc – 530 cc engine range specifically for the Indian market. The new bikes are ready and they are being tested and they will be brought soon to India for homologation.

Grand Seiko eyes sales boost

Grand Seiko, the luxury watch brand of Japanese giant Seiko Watch Corporation, is aggressively eyeing 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.

Kurlon plans to invest Rs 200 cr in capacity expansion

Kurlon, the mattress brand, is planning to invest Rs 200 crore in innovation, new technology to double its product portfolio and expanding its footprint over the next two-three years to consolidate its growth in home furnishings and furniture business.

Tata Motors drives in Tiago NRG at Rs 5.49L

Tata Motors, India’s biggest automaker by revenues, on We-dnesday introduced its first ever cross-hatch cal-led Tiago NRG ahead of the festive season to aggressively woo buyers. Wi-th an introduction price of Rs 5.49 lakh for the petrol and Rs 6.31 lakh for the diesel at Delhi showroom, this SUV inspired Tata Tiago NRG will rival the Ford Freestyle and Maruti Celerio X.