Hyundai Motor India Ltd (HMIL) Wednesday launched new sedan, Verna Transform with price range approx. Rs.6.5-7.5 lakh. With a tag line ‘Dynamic by DNA’ Petrol version of Verna Transform starts ranges in between Rs.6.5 lakh and goes up to Rs.7.3 lakh. The Diesel version is expected to be priced between Rs.7.8 and 9.1 lakh.

The Verna Transform expected to boost Hyundai’s already superior line-up of products.

The petrol version comes with a 1.6 litre engine and promise to deliver 15.5 km a litre in the city. The diesel version has a 1.5 litre engine and comes with a four-speed automatic transmission.

The Hyundai Verna Transform is essentially inspired by the concept of ‘large on the inside and compact outside’. The design treatment is trendy and stylish. Bold and muscular exterior lines with well-proportioned looks. A balanced front end with integrated full width lower intake, moderately flared wheel arches and optional 14″ alloy wheels which lend it a sportier look. The strong shoulder lines and confident stance at the same time gives it a strong and well defined character. The overall impression it creates is of a well made car with a dynamic character which ensures that no matter where you go, the Verna, will be an eye-catcher and a stare-grabber par excellence. You just can’t miss it on the roads.

The new Verna Transform is available in six colours – crystal white, stone black, sleek silver, blushing red, deep ocean blue and champagne gold.

“First Indian automobile company to join the million club Invests Rs 1,700 Crore in new facility to expand capacity by 2.5 lakh units”

The nation’s number one car manufacturer, Maruti Suzuki India Limited, today joined a select club of global automobile makers, when it became the first automobile company in India to produce one million (10 lakh) cars in a year.
The millionth car manufactured in 2009-10, a glistening red Maruti Suzuki Swift, rolled out from the company’s Manesar plant, in the presence of Mr. Bhupinder Singh Hooda, Chief Minister, Haryana and Mr. Vilasrao Deshmukh, Union Minister of Heavy Industries & Public Enterprises. Amongst the dignitaries who graced the occasion was Mr. Hideaki Domichi, Ambassador of Japan to India. Mr. Osamu Suzuki, Chairman and CEO, Suzuki Motor Corporation, Japan joined the company’s senior management at the occasion. Senior officials of Central and State government and company’s business associates were also present at the ceremony.

Expanding Capacity at Manesar facility

Taking forward its commitment to serve its customers better and faster, the car major also set the foundation stone for capacity expansion at its Manesar plant by 2.5 lakh units annually. This initiative will help the company scale up the Manesar plant’s capacity from 300,000 units per annum to 550,000 units per annum over the next two years.
Maruti Suzuki will invest about Rs 1,700 Crore (ie Rs 17,000 million) for this expansion.
Maruti Suzuki’s present production facilities are located at Gurgaon with a capacity of 7 lakh (0.7 million) units and Manesar with capacity of 3 lakh (0.3 million) units.

On the occasion, Maruti Suzuki Chairman, R C Bhargava said, “The landmark attained by Maruti Suzuki fully establishes the validity of the late Prime Minister Smt. Indira Gandhi’s vision when she decided to create Maruti Udyog. This vision has been fulfilled because of outstanding entrepreneurship of Mr O Suzuki, the excellent cooperation which existed between the Government of India and Suzuki Motor Corporation, and the enormous dedication, hardwork and commitment of all Marut Suzuki employees over the last more than 26 years. The future beckons and Maruti Suzuki will not be found wanting.”

Dedicating the one millionth car to Maruti Suzuki employees, Shinzo Nakanishi, CEO and Managing Director, Maruti Suzuki said, “Maruti Suzuki will continue to address the country’s need for affordable personal transport. India needs affordable commuting solutions across its cities, towns and villages. Team Maruti Suzuki stands resolved with me to meet this need of the customers through exciting, contemporary and yet affordable cars. This belief is the cornerstone of the Maruti Suzuki’s business philosophy and derives inspiration from Suzuki Motor Corporation, Japan, our parent and global leader in compact cars.”

A robust Retail and Service network
Having tremendous faith in the growth potential of the Indian economy, the company continues to expand its network. Today the company has a sales network of 790 outlets covering 549 towns and cities (March 2009, 681 outlets in 454 towns and cities). The company provides service support to customers at 2,886 workshops across 1,379 towns and cities (March 2009, 2,767 workshops in 1,314 towns and cities).

The fiscal so far
Maruti Suzuki sales in 2009-10 (April 2009 to February 2010) is 923,242 units (791,260 in Domestic market and 131,982 in exports). The company clocked its highest ever monthly sales in February 2010 with a total of 96,650 units (a record number of 84,765 units in domestic and 11,885 units for exports)

Following these people’s-car-series,  Maruti Udyog Limited (now Maruti Suzuki India Limited) has earlier announced its low price small car Maruti Cervo to replace Maruti 800.  Maruti Suzuki India Limited likely to stop the production of India’s first  economy car Maruti 800 by the year 2012. The Maruti Cervo is expected to replace Maruti 800 in the low price cars  category. The sources revealed the price of Maruti Cervo will be somewhere around Rs. 1.5 lakh to Rs 2.5 lakh.

Maruti cervo  will compete against Tata Nano (Although Maruti cervo price will be little higher than Tata Nano. Maruti Cervo expected to launch in India in May-June 2010 by Maruti Suzuki.

Maruti Suzuki Cervo Specifications & Features:

- Maruti Suzuki Cervo include stylish Hatchback body type
- Top speed of 120 kmph with mileage of 16 kmpl in city and 18 kmpl on highway
- Maximum power 54 bhp @ 6500 rpm
- Maximum torque of 64 Nm @ 3500 rpm
- Engine 658 CC, 3 cylinders, 4 valves, petrol engine.
- Fuel capacity of 30 liters.

The millionth car manufactured in 2009-10, a glistening red Maruti Suzuki Swift, rolled out from the company’s Manesar plant.

Well if you have any plans to buy Nano, think again, may be you can give a thought on Maruti Suzuki Cervo! what say?

Chevrolet-GM-Beat-red-india

The design is Spirited, Stylish, Aggressive and Bold just like a Cheetah. Chevrolet GM Beat price in India varies from approx. Rs 3.4 lakh to approx. Rs. 4.4 lakh. (Price may vary depending on city little.

Chevrolet Beat Standard Features:

* Automatic Climate Control

* Integrated Center Stack Audio with USB and Aux-in Port

* Tilt steering

* 60:40 Split folding seats

* Tubeless Tyres

* Roof rails

Chevrolet Beat Colours:

* Olympic White

* Linen Beige

* Caviar Black

* Misty Lake

* Moroccan Blue

* Green Cocktail

* Super Red

The LT Option Pack with ABS and twin airbags will cost Rs 4.34 lakh.

The prices are approximate Ex-Showroom (indicative) prices only and are subject to change according to company policy and/or due to any change in applicable taxes.

General Motors the largest manufacturer on the verge of bankruptcy, filed for court protection with a government-financed plan intended to create a possible company that can compete in world markets.

The U.S. government will extend $50 billion of loans to the 100-year-old automaker and plans to convert that into a 60 percent stake in the reorganized company, according to a filing in U.S. Bankruptcy Court in New York. GM today missed a deadline to show that it could reorganize outside of court and reported debt of $172.8 billion, more than twice its assets.

“GM and its stakeholders have produced a viable, achievable plan that will give this iconic American company a chance to rise again,” U.S. President Barack Obama said today.

Quoting sources familiar with the discussions, The Washington Post also reported today that

“The Obama administration is preparing to send General Motors into bankruptcy as early as the end of next week under a plan that would give the automaker tens of billions of dollars more in public financing as the company seeks to shrink and reemerge as a global competitor”

Attributing to a source, The Washington Post said under the GM draft bankruptcy plan, the company would receive just short of USD 30 billion in additional federal loans. 

GM was the global sales leader for 77 consecutive calendar years from 1931 to 2007.

It manufactures cars and trucks in 34 countries.

GM employs 244,500 people around the world, and sells and services vehicles in some 140 countries.

In 2008, 8.35 million GM cars and trucks were sold globally under different brands. Some of the most popular brands of General motors include Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling.

The court will supervise the sale or liquidation of unprofitable brands, such as Saturn and Hummer, and at least 11 unwanted factories.

So far I heard of black market present for pirated CD, DVDs, equity trading, comodities market, during IPO, even in sports like cricket, however I got Stunned when I heard in auto sector people started betting on Nano, india’s most awaited car manufactured by

Tata Motors.

Black markets involve the buying and selling of goods and services in violation of laws or government mandates.

People are getting crazy about Tata’s wonder car Nano which is expected to be soon on Indian roads The news started coming in that hundreds of black marketers have spread themselves across, banks and outlets to make ‘Nano deals’
This is very unusual, Cars usually gets resold to the lower price than brought however Nano going to set new records,

if a person gets the nano he can sold to it on high premiums.
I believe it will all depends on to how many bookings the Nano gets! With the delivery fixed at 1 lakh cars when the lottery begins in June. Black marketers are expecting somewhere around 15-20 per cent premium which could even go up to 40% since the demand has already gone to crazy level.  As news start coming in Experts say in the case of the Tata Nano, people may pay a premium that could go as high as Rs 20,000.

After a very long time India is witnessing such hype. Earlier known hype was    with Maruti 800, the initial premium was as high as 100 per cent. As per old data Maruti cashed in launching the ‘tatkal’ scheme.

All the best Nano

Click Here to book online

The booking of the Tata Nano is open from on April 9th and will continue up to the end of day on April 25, 2009. Tata Motors has entered into agreements with 18 preferred banks/NBFCs to enable prospective customers to get finance and facilitate booking of the car.

The sale of application forms has already started from April 1, to a very encouraging response. The Tata Nano website has recorded over 50 million (5 crore) hits, including over 20 million (2 crore) hits in the fortnight since the launch on March 23, 2009. The forms are available at a price of Rs.300 (for online booking Rs.200). The forms can be bought at over 30,000 locations in about 1,000 cities through Tata Motors Passenger Car dealerships, State Bank of India and its branches, its subsidiaries and associates, other preferred financiers, and outlets of Westside, Croma, ‘World of Titan’ and Tata Indicom exclusive stores.  The forms come with a range of offers from select associate Tata Group companies up to Rs.1100.

Customers can either pay the entire booking amount — of Rs.95,000 (Tata Nano Std.), Rs.120,000 (Tata Nano CX), and Rs.140,000 (Tata Nano LX) — themselves or seek financing of the booking amount.