Toyota recalling 110,000 Tundra trucks
Japanese automaker Toyota has announced that they are recalling around 110,000 Tundra trucks related to rusting problems.
These trucks were manufactured between 2000-2003.
Owners of these trucks are being advised to remove the spare tire from the frame. The tire could fall off while driving creating a possible hazard for other people on the road.
The recall involves the vehicles sold in several markets including: Connecticut, Delaware, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia and Wisconsin.
Maruti Suzuki India set to launch replacement for Versa MUV
Maruti Suzuki India has announced that they are soon going to launch a brand new model to replace their aging model Versa.
The company said that the new model would be launched within this fiscal year.
Maruti has already stopped the product of Versa as the sales were too low.
Maruti said: “We will be launching a new van by the end of this fiscal. This vehicle will replace the Versa, whose production has already been stopped.”
They are also working on ensuring that all of their models are compliant with Bharat Stage-IV regulations.
Rico Auto tired of labor problems in Haryana
Rico Auto has announced that they would establish their future plants outside Haryana.
The company has suffered a lot in the recent months with their production facilities in Haryana due to labor related problems.
Rico Auto said that their customers are frustrated with the delay in supplies as their plant was affected by the 45-day strike by the labor.
A company representative has been quoted as saying: “They want us to de-risk our operations to ensure uninterrupted supplies in case of any labor or industrial dispute in future.”
They provide auto parts to several automakers including Maruti, Hero Honda and Tata Motors along with General Motors, Jaguar, Ford Motors and Nissan.
Rolls-Royce Ghost arrives in India
Rolls-Royce Group has launched their latest luxury car model in the Indian market.
Rolls-Royce Ghost has been priced at around Rs. 2.5 crores.
Interested customers can book the model now though the cars would be delivered only next year.
The company hopes to sell around 75 cars next year. Ghost is expected to account for most of these.
Rolls-Royce already has on sale their Phantom model which is priced much higher at around Rs. 3.5 crores.
Honda Motorcycle & Scooters India to remain focused
Honda has announced that they aim to remain focused on the Indian market through their fully owned subsidiary Honda Motorcycle & Scooters India.
The company incidentally already has a long term joint venture with Hero Group, Hero Honda.
This means that Honda would compete against itself in the Indian market with their wide product range.
The company aims to be present in all the segments through HMSI.
Honda said in a statement: “We at HMSIL plan to launch a 100 cc bike next year and would like to have a complete portfolio of motorcycles for the mass market. Currently, we have a 125 cc and a 150 cc model. While HMSIL has managed to corner around 18 per cent of the two-wheeler market, Hero Honda has about 47 per cent share at present. Although there will be some cannibalization since HMSIL and Hero Honda will be selling products in the same category, this will ultimately benefit Honda since it will only increase Honda’s market-share. Honda, through Hero Honda and HMSI, now commands 65 per cent of the two-wheeler market. There is enough room for both companies. Honda sets separate strategies for both the companies every year. However, cannibalization is inevitable in certain cases.”
Fiat India to launch CNG models next year
Fiat India would join the CNG bandwagon next year.
The company is working on a couple of CNG powered vehicles and they would be introduced in the coming months.
Fiat said: “We are working on a few CNG models. The first one will be rolled out in the second quarter next year. CNG is ultimately going to be a fuel for most commercial applications. The technology is available with Fiat.”
Fiat is also working on bringing a new small car to the Indian market. This model would be introduced in 2011.
Honda small car might arrive in India before 2012
Industry sources are hinting that Honda might launch their small car in India before 2012.
Toyota already is set to enter this segment of the market sometime next year with their small car.
India is one of the fastest growing automotive market though most of the sales are in the small car segment.
If a company has to do well in India, they have to have a small car in their portfolio.
Suzuki dominates Indian market mostly because of their wide range of small car models.
Honda has been working on a model codenamed 2CV for the Indian market.
Toyota could launch a new variant of Prius next year
Industry sources claim that Toyota is working on a new variant of Prius which would be bigger than the current model.
This new version could be a station-wagon or even a sports utility model and it would come with a larger battery with higher capacity.
Sources say that Toyota would use a lithium-ion battery instead of the current nickel-metal hydride battery.
The company has for now declined to comment on these rumors.
Toyota remains the world’s leading manufacturer and seller of hybrid cars.
TVS Flame launched with twin spark plug technology
TVS Motor has finally launched their Flame motorcycle model with the controversial twin spark plug technology.
TVS Flame DS 125 has been priced at around Rs. 49000 and it is targeted at the executive segment.
The company said that they have launched this bike after obtaining all necessary permissions and clearances in accordance with law.
TVS was involved in a lawsuit related to this technology with Bajaj Auto which uses a similar technology in their bikes.
The company said: “We will comply with SC directive and keep an account of the sales. We have re-launched TVS Flame DS 125 in south and hope to cover other markets in three to four months.”
Ajanta aims to launch a cheap car in India
Ajanta is known for their clocks and home appliances.
The company is now aiming high as they are now working on plans to launch a cheap car in the Indian market!
Ajanta is considering acquiring an electric car manufacturer in China.
This would provide them the technology to develop a product suitable for the Indian market.
They are already manufacturing and selling electric bikes in India.
A company representative did not confirm the plans but said: “We have not yet decided on it, but are seeking the government support, so that we can develop cheaper vehicles for the Indian market.”