Wednesday, September 23, 2009

Ford Unveils Small Car 'Figo'

US auto giant Ford Motor Co Wednesday unveiled its first small car for the Indian market, "Ford Figo".
The Figo, which is colloquial Italian for "cool", will be manufactured at the company's Chennai facility and launched in markets by early 2010.

The Chennai unit is undergoing a $500-million upgrade as Ford seeks to make India a global production hub for its small cars.

"The Figo is designed to compete in India's small car segment, which accounts for more than 70 percent of the market," said Ford's global president and chief executive Alan Mulally, who unveiled the car at a function here.

The company, however, declined to give specific details like price and engine capacity.

"Ford is reserving further details about the car till its launch in early 2010," said Mulally. Asked about the price range of the Figo, Michael Boneham, Ford India president and managing director, said: "It's going to be very competitive with the current market leader and will offer a tremendous value for our consumers."

Maintaining that Ford Figo would be "a big game changer" for his company, Boneham said: "It will transform our brand into a volume player in India."

Ford is also planning to double its manufacturing capacity at its Chennai facility to 200,000 units per annum by 2010.

Friday, August 28, 2009

2009 Model BMW 740il Sedan

BMW present the 7 Series 740Li Saloon with 6 Speed Automatic Gearbox, Rear (RWD) running on Unleaded Petrol
2009 BMW 7 SeriesBMW will release the new 2009 7 Series next month at the Paris Motor Show showing 6+ different models

1. 2009 BMW 730d Sedan 3.0L Straight Six Diesel engine
2. 2009 BMW 740i Sedan
3. 2009 BMW 740il Sedan Long wheelbase version
4. 2009 BMW 750i Sedan
5. 2009 BMW 750il Sedan Long wheelbase version
6. 2009 BMW 750il Hybrid Sedan
2009 BMW 740IL Sedan
We are told that it has many new features including back seat passengers idrive controls.

Only one month away from seeing what will be the next generation 7 Series.

Monday, August 24, 2009

Toyota Kirloskar launches SUV Fortuner in India

Auto maker Toyota Kirloskar Motor on Monday announced the launch of its sports utility vehicle Fortuner, priced at Rs 18.45 lakh.

The new SUV comes with a 3.0 litre D-4D diesel engine with five speed manuel transmission.

"Globally, Fortuner has already sold over 2.5 lakh units in more than 60 countries since its launch in 2005. The launch of Fortuner today is an expression of Toyota's commitment to provide best in class quality and technology to our customers in India," Toyota Motor Corporation Senior Managing Director Akira Okabe told reporters here.

A newly launched Toyota Fortuner is seen at an event in New Delhi on Monday. Toyota Fortuner is a 3.0 liter diesel SUV and will be available at a price of Rs 18,45,000.

"The SUV market in India has witnessed extensive growth due to launches in mid and premium SUV segment. We expect that the launch of the Fortuner will expand the mid SUV market in India," Toyota Kiloskar Motor Deputy Managing Director (marketing) Sandeep Singh said.

Toyota Kiloskar Motor is a joint venture between Japan-based Toyota Motor Corporation and India's Kirloskar group.

Thursday, August 20, 2009

Maruti Getting its first Hires from Detroit

Eight automobile engineers from Detroit, the car capital of the US, will join Maruti Suzuki's operations in India in the next two months, as part of the start of the latter's plan to transform itself as the largest research and development centre for parent Suzuki outside Japan.

"These are engineers with tremendous capabilities in automobile research and engineering. They have specialisation in car design, styling and modeling, engine development and manufacturing, crash testing and hybrid technology," said I V Rao, managing executive officer (engineering) of Maruti Suzuki.

Rao was part of a senior delegation which visited Detroit in April this year to look at the engineers who were laid off following the bankruptcy filings by General Motors and Chrysler . Tata Motors was another domestic passenger vehicle manufacturer to visit Detroit.

The move to hire car engineers and designers from the US is, as mentioned, part of Maruti's bigger plan. On Friday, the company will inaugurate its newly-acquired 700-acre facility for R&D located in Manesar. This is part of the company's Rs 9,000 crore (Rs 90 billion) investment to be completed by 2010. Maruti, currently, employs around 700 employees for its R&D initiatives and hopes to scale it up to 1,000 by 2010.

Most of these fresh recruits leaving the US to join Maruti in India, according to Rao, are engineers of Indian origin. "All the eight engineers have experience in working for GM, Ford and Chrysler. Six of these engineers are Indians who are desirous of leaving the US to work in India. The rest are from places like the UK."

The company said all will be based at the middle management level. Some would be taken on a contractual basis, while the others would be full time hires.

The move to tap advanced automobile markets like the US for top engineering talent by Maruti Suzuki, follows the company's new confidence in designing and manufacturing cars for global markets. In 2008, the company launched its fifth world strategic model, the A-Star , whose designing was largely done at Maruti's facilities in India. Next, came the commissioning of the Euro-V compliant KB series engine facility at Gurgaon. Other credits come from being the second company in the world to comply with stiff recyclable norms which are incorporated in the manufacture of the A-Star model.

Rao said the key reason for hiring talent from overseas markets was not only to increase the headcount of skilled R&D talent, but also to use them to train local engineers who are fresh on the job. Last year, the company spent Rs 9.5 crore (Rs 95 million) on training employees across all levels.

Source: rediff.com

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