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Ford India said troubles with its parent in US will not affect its planned $500 million investments for India, and added that the company’s small car would hit the market by early 2010 with localisation as high as 85% to keep the price competitive.

Michael Boneham, MD and president of Ford India, told TOI that the company’s expansion plans were going ahead “as scheduled”. The US auto major that posted a record $14.7 billion net loss in 2008 globally had announced the half-a-billion dollar investment for India last year to double annual production capacity to 2 lakh units and make 2.5 lakh petrol and diesel engines.

“The last six months have been tough for the auto industry… and we maintain a cautious outlook for the rest of 2009,” Boneham said, adding that he expected a turnaround only by 2010. “And this will be the time when we bring in our small car. Thus, we are confident it will get a good response,” he added.

The company is making efforts to ensure that its new small car, that is being designed and engineered for the Indian market, is attractively priced considering it faces tough competition from players like Maruti Suzuki, Hyundai and Tata. “It will the first offering from Ford in the mass-market segment and we are making efforts to keep it cost-competitive while making it a great value proposition,” he said.

Source: Pricewale.com

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Super luxury car maker Rolls Royce Motor Cars Ltd, which sells the Phantom range of luxury sedans, is eyeing to sell 14 cars in India in the current calendar year, same as it did in the last year.

“India is a major market for us in the Asian region and we hope to sell as many cars in 2009 as we did last year and it is an achievement,” Rolls-Royce Motor Cars General Manager (South and East Asia Pacific) Matthew J Bennett said.

The company, which has one dealership each in Delhi and Mumbai, today completed its offering of the entire Phantom family in India with the introduction of Phantom Coupe priced at over Rs 4 crore.

The other models in the family include the Phantom and its extended wheel-base version, besides the Phantom Drophead.

Rolls Royce would also bring a new car from the RR4 family to India in the next year, coinciding with the product’s global launch.

Positioned below the Phantom range the new car is expected to be priced at around $ 2,80,000 in the US.

The company fell short of its sales target of 16 cars in India for 2008. It had sold 12 units in 2007.

Source: Pricewale.com

The Indian unit of Italian auto major, Fiat, on Wednesday launched its mid-sized Linea, available in both multijet diesel and fire
petrol engine versions.

“Fiat has kept its promise of making this an exciting year for its customers. The launch of the Linea is the first in the line of three launches that Fiat will undertake this year, the other two being Bravo and Grande Punto,” Fiat India CEO Rajeev Kapoor told reporters here today.

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Fiat Grande Punto

Fiat grande punto

Fiat grande punto

Surprisingly spacious and slightly bigger than the average small car Fiat’s Grande Punto has 75 bhp 1.3 multijet diesel.Styling of the car is really good. In this solid and compact car you may feel nimble footed on city roads. However, the car feels a bit awkward at slow speed and feels great only when it gains momentum in speed and what’s more is also expected to be good in fuel economy. ….
Expected Price: Not Available
Expected In : January, 2009

Maruti Splash

Maruti splash

Maruti splash

Maruti is expected to come up with its Splash model early 2009.First showcased at the Frankfurt Motor Show, the car has been put into production in Magyar Suzuki Corporation in Hungary. Inspired by its popular Swift, this hatchback would be targeted at families who need extra space in the car. It’s slightly bigger then the regular hatchback’s in Indian Market. Splash will come in both petrol(1.3 litre) and diesel engines(1.3 litre multi jet ) versions.….
Expected Price: 4,00,000
Expected In : January, 2009

Mahindra Ingenio

Manhindra Ingenio

Manhindra Ingenio

Toyota Innova and Chevrolet Tavera will face their new competitor Ingenio by early 2009.Mahindra & Mahindra (M&M) to built Ingenio on an all-new platform, it would be equipped with latest technology and will have contemporary styling and spacious interiors.It is also expected that Ingenio will come with a variety of engine options, including the M&M™ indigenously developed common rail direct injection diesel engine and hybrid option. Which will definately make Ingenio a great competitor.….
Expected Price: Not Available
Expected In : February, 2009

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