“Any customer can have a car painted any colour that he wants so long as it is black,” Henry Ford, the Ford Motor founder, had famously said.
The new joint venture company will address the growing market of lead acid storage batteries for two & four wheeler vehicles and UPS.
Honda sold 5,539 units of the multi-purpose seven-seat vehicle in August, according to data from the Society of Indian Automobile Manufacturers.
In its first month of launch, Honda Motor’s Mobilio has captured the second spot in India’s utility vehicles market, outselling Toyota Motor’s Innova and Maruti Suzuki’s Ertiga.
A mother of two, artist, author and now Chairperson of the board at Gabriel India Ltd. Taking the helm of the flagship company of the Anand Group, Anjali Anand Singh is confident of establishing herself in the Indian automotive component manufacturing industry, a domain that’s traditionally been the bastion of men.
Two years back, when the spectre of a slowdown loomed large on the domestic automotive industry, the Gurgaon-based sheet metal component maker Mark Exhaust Systems Limited (MESL), changed tack by focusing more on acquisitions and diversification while holding back on greenfield expansion.
We “Make in India” because we believe in India. There are several reasons for our confidence in the Indian market. There is huge potential for our cars here. The business environment in the country is good and conducive to manufacturing activity. There is a good pool of skilled manpower and a very well developed vendor network, which has the capability to meet the stringent quality, cost and delivery requirements of Honda and other multi-national companies. This has also encouraged us to progressively increase the localization levels of our cars – going up to more than 90%.
Sales figures show that the preference of first-time buyers has changed from entry-level cars to premium hatchback cars.
The government of India must create an environment that will facilitate independent workshops to operate under set standards without creating safety and environmental issues, said Shekar Vishwanathan, Vice Chairman, & whole time director at Toyota Kirloskar Motor said.
Maruti Suzuki's Alto returns as top selling car with a sales of 21,553 units in August compared to 16,997 units in July, pushing its elder sibling compact sedan Dzire to second spot selling 17,801 units compared to 18,634 units in the previous month.
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