daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine

Go Back   SkyscraperCity > Asian Forums > India > Metropolitan Projects > Chennai



Reply

 
Thread Tools Rating: Thread Rating: 318 votes, 5.00 average.
Old January 15th, 2009, 06:08 PM   #21
tokavin
Registered User
 
Join Date: Oct 2008
Posts: 142
Likes (Received): 0

Peugeot plans to re-enter India

Peugeot Citroen is charting a quiet re-entry into India. The e34.6-
billion French auto major is interested in both sourcing
components as well as setting
up a production base in India, said a company official.

Peugeot Citroen is among the few global automobile companies that does not have a full-scale presence in India yet.
“We are looking at an industrial strategy and exploring both the JV and 100% subsidiary options,” said Rajesh Nellore, company’s V-P in charge of India. However, because of the current slowdown, the automaker is yet to take a final decision on its India strategy. “These are difficult times right now and we have not made any final decision,” Mr Nellore said.

Peugeot is looking to use the sourcing route to acquaint itself with the Indian market first. The company established a local office in Chennai a couple of months ago and kicked off sourcing components through Magna Steyr. “We have just started sourcing components and are now doing it on our own instead of through Magna,” Mr Nellore said.

Peugeot Citroen teams have met officials from the Society of Indian Automobile Manufacturers, the apex body for the auto industry in India, for inputs on the emission roadmap, road-worthiness rules and policy structure. According to a partner in a Delhi-based MNC consultancy firm, Peugeot’s sister brand Citroen is also interested in an India entry thanks to the line-up of small cars in its stable.

http://economictimes.indiatimes.com/...ow/3944767.cms

Last edited by tokavin; January 15th, 2009 at 06:18 PM.
tokavin no está en línea   Reply With Quote

Sponsored Links
 
Old January 16th, 2009, 02:40 AM   #22
barrykul
Registered User
 
Join Date: Mar 2008
Posts: 2,069
Likes (Received): 484

Some of the strengths of Chennai area in Automotive manufacture have not been highlighted by the articles in the western press.

Chennai has traditionally been involved in manufacturing - TVS, Leyland etc. There is already a trained force in manufacture of automotives thanks to these Indian firms. The other factor is that the chennai area workers are hard working and understand quality norms. There is oodles of talent that can be tapped and if well trained can outbeat any foreign manufacture. Given the nature of cost of labor, India trumps other nations. GM for instance has huge labor costs and cannot hope to compete effectively. Instead they can manufacture in countries like India and export their product worldwide.

The area also supports excellent colleges - IIT-M and Anna University. Mechanical Engineering programs have been very strong in these institutes. Educational excellence has been a cornerstone of the area. Engineering talent is second to none worldwide. Some of the Indian designs for manufacturing plants using just in time techniques are world class and have garnered the attention of Japanese/Koreans. Clearly the available talent can be world leaders.

Given these, why has Chennai not become a superpower house in automotives. The answer is, of course, currently infrastructure drawbacks like power, roads, ports, transportation and of course corruption is having a penalty on the nation. Power interruptions is a big no-no and having 24hr uninterrupted supply is the norm worldwide. Roads are a another painful reminder why India is still at take of stage. Chennai port is improving but it is yet to get to the level of efficiency of a Singapore Port. India's tariff and tax structure with the attendant corruption by its officials causes a huge impediment for business. If these are addressed quickly then car manufacture for the world can potentially be in India in a substantial way. Nothing to stop the dynamics. China is another attractive place for manufacture, but they have significant negatives. The chinese tend to copy any product and this scares the hell out for traditional western companies. Their legal framework is also suspect.
barrykul no está en línea   Reply With Quote
Old January 22nd, 2009, 03:13 PM   #23
Elango1984
வாழ்க தஞ்சை வளர்க சென்னை
 
Join Date: Aug 2008
Posts: 504
Likes (Received): 0

Ashok Leyland bags Rs.4.8-bn order from Delhi Transport Corp

Commercial vehicle manufacturer Ashok Leyland has bagged orders worth Rs.4.8 billion (Rs.480 crore) for 875 high-end ultra low entry (ULE) buses from Delhi Transport Corp (DTC), the company said Thursday.

The Chennai-based vehicle manufacturer has also reached a Rs.7.1-billion contract with DTC for maintaining the buses for a period of 12 years.

Ashok Leyland will supply 350 air conditioned and 525 non-air conditioned buses by September this year.

Besides delivering fully-built buses, the company will maintain the buses and also train key personnel like drivers and mechanics to ensure uptime, said Ashok Leyland managing director R. Seshasayee.

The new ULE buses, which will have 35 seats, will be powered by a 230 horse power engine and fitted with automatic transmission, speed limiting device and multiplex wiring.

The chassis and the body for the fully-built buses will be manufactured at Ashok Leyland's Alwar plant in Rajasthan.

http://www.newstrackindia.com/newsdetails/63679
Elango1984 no está en línea   Reply With Quote
Old January 23rd, 2009, 01:29 PM   #24
Elango1984
வாழ்க தஞ்சை வளர்க சென்னை
 
Join Date: Aug 2008
Posts: 504
Likes (Received): 0

BMW India introduces new BMW 3 series in India

BMW India will roll out the new BMW 3 Series for India from BMW dealerships across India from January this year.

The new BMW 3 Series now boasts of redefined physical contours that include a new vehicle front, side view, and rear section. The new BMW 3 Series will be available in two petrol variants - 320i and 325i - and with two diesel variants - 320d and 320d Highline.

Speaking on the occasion, Peter Kronschnabl, President BMW India said, We are proud to introduce the new BMW 3 Series in India. Offered in both diesel and petrol variants, the new BMW 3 Series has innovative physical dimensions that further emphasize the vehicle's powerful appearance and sporty character.
The new generation of the BMW iDrive operating system also premiers in India with the new BMW 3 Series for the activation and control of entertainment, information and telecommunications functions. It is our goal to ensure that the new BMW 3 Series will be unsurpassed when it comes to providing our customers in India with the highest standards of all-round quality, safety, and perfection to ensure the highest levels of comfort and luxury.

With powerful and efficient engines, changed exterior proportions, innovative lighting technology with 3D effects, the new BMW iDrive system and new interiors combined with innovative safety technology, the new BMW 3 Series offers a perfect symbiosis of sporting performance, and supreme style that thrills discerning motorists the world over, a continued testament to why the BMW 3 Series has remained the most widely selling premium vehicle in the world.

The ex-showroom prices of the new BMW 3 Series in INR are as follows.

BMW 325i : 32,90,000MW 320i : 26,90,000MW 320d : 29,50,000MW 320d Highline: 30,50,000

Note: Ex-showroom price excludes RTO registration charges, tax, insurance, handling charges; Octroi and entry tax (if applicable). Prices and options are subject to change.

Reflecting the high level of quality of the BMW 3 Series, the new BMW 3 Series will be available in a range of six paint finishes including two new metallic finishes in the colours Space Grey and Platinum Bronze. With high-quality materials and expressive colors, the driver can express his individual personality in many ways when selecting an interior. In terms of individual upholstery design there are a total of four colors available for the seat covers in Dakota leather including the two new colours Oyster and Saddle Brown.

Headquartered in Gurgaon (National Capital Region) BMW India is a 100 percent subsidiary of the BMW Group. The initial investment in India is 1.1 billion Indian Rupees.

The wide range of BMW in India include the establishment of a production plant in Chennai (Tamil Nadu) and development of a dealer organisation across major metropolitan centres of the country.

In medium term, BMW India will employ around 200 people; up to 600 additional jobs will be created in the dealer and service network.

On 29 March 2007, BMW India officially opened its production plant in Chennai. The BMW Plant Chennai produces the BMW 3 Series and BMW 5 Series Sedans in petrol and diesel variants and has a capacity to produce 3000 units per year on a single shift basis.resently, 12 dealers represent BMW in the Indian market; Bird Automotive (Gurgaon, NCR), Deutschen Motoren (New Delhi); Navnit Motors (Mumbai), Infinity Cars (South Mumbai); Krishna Automobiles (Chandigarh); Navnit Motors (Bangalore), Delta Motors (Hyderabad), Kun Exclusive (Chennai), Bavaria Motors (Pune), OSL Prestige (Kolkata), Parsoli Motors (Ahmedabad) and Platino Classic (Kochi). Owing to an exuberant growth potential, BMW is hopeful of multiplying its annual sales volume and has already chalked out an extensive dealer strategy to support its plans.

BMW India will further strengthen the dealer network by stepping into Phase II, by expanding into the markets of Ludhiana, Bhubaneshwar, Jaipur and Coimbatore, by the end of 2009.

BMW dealerships presently display the BMW 3 Series (325i, 320i and 320d, 320d Highline) and BMW 5 Series (525i, 530i, 520d, 530d and 530d Highline) that are produced at the BMW Plant Chennai. BMW dealerships also display the BMW 6 Series (650i Coup? and 650i Convertible), BMW 7 Series (750Li), BMW X3 (X3 xDrive25i, X3 xDrive20d) and the BMW X5 (X5 xDrive48i and X5 xDrive30d) which are available in the country as CBU's (completely built-up units). The BMW M3 Coup?, BMW M3 Convertible, BMW M5, BMW M6 Coup?, BMW M6 Convertible, BMW 6 Series Individual and BMW 7 Series Individual can also be ordered at BMW India dealerships.

BMW India has also established an International Purchasing Office (IPO) at its Headquarters in Gurgaon. The IPO will focus on the development of exports from India to the BMW Group International Production Network and there work towards increasing the sourcing share from India over the next years. The activities include the identification and assessment of potential suppliers taking into account BMW's requirements for quality, technology and logistics. The IPO will explore procurement of production material (components) as well as IT and Engineering Services. (ANI)

http://news.smashits.com/342042/BMW-...s-in-India.htm
Elango1984 no está en línea   Reply With Quote
Old January 24th, 2009, 12:16 PM   #25
Rasnaboy
I love you Rasna!!
 
Join Date: Apr 2008
Location: Chennai
Posts: 2,128
Likes (Received): 3

Wabco-TVS suspends expansion near Chennai

CHENNAI: Wabco-TVS has decided to suspend expansion of its factory in Mahindra world city near Chennai. This is in due to the decline in commercial
vehicle volumes in the global market which is affecting its parent and US partner, Wabco.

In a statement, Wabco-TVS said Company continues to closely monitor the economic and market conditions, order intakes and projected performance. The future dividend policy and management of cash and resources will be managed in line with the business outlook.

The company was carved out as a JV after restructuring the businesses of Sundaram-Clayton. While SCL retained aluminium die castings business and investments in subsidiaries, the commercial air brakes business was transferred to Wabco-TVS.

Wabco-TVS had planned to expand the export facility at Mahindra world city near Chennai to cater to the overseas markets while serving domestic market from the plants at Padi and Jamshedpur. It had planned to double export of air brakes to Rs 120 crore by 2009-10.

Due to recession in the auto sector, the company reported a 46% drop in net sales at Rs.77. 26 crore in the third quarter ending December 31, 2008 over the same period last year. Net Profit before tax dropped by 93% to Rs 1.70 crore.

SCL reported a net loss of Rs 2.86 crore in Q3 against Rs a net profit of Rs 6 crore in the same period last year while net sales dropped to Rs 108.36 crore (Rs 114.66 crore).

Source: http://economictimes.indiatimes.com/...ow/4023139.cms
Rasnaboy no está en línea   Reply With Quote
Old January 30th, 2009, 01:41 AM   #26
Rasnaboy
I love you Rasna!!
 
Join Date: Apr 2008
Location: Chennai
Posts: 2,128
Likes (Received): 3

Foundation laid for auto component facility

CHENNAI: The U.S.-based automatic transmissions maker, Allison Transmission, broke ground for a facility to manufacture auto components at Oragadam here.

The 2,03,000-square foot facility, will initially be used to make components for export starting early 2010.

It will also serve as the regional headquarters, Ram Amarnath, managing director, Allison Transmission India, said.

Source: http://www.hindu.com/2009/01/30/stor...3055890500.htm
Rasnaboy no está en línea   Reply With Quote
Old February 2nd, 2009, 09:47 AM   #27
Elango1984
வாழ்க தஞ்சை வளர்க சென்னை
 
Join Date: Aug 2008
Posts: 504
Likes (Received): 0

Nissan-Renault seeks partner for Chennai

The Nissan-Renault alliance wants to induct a third partner into its $1.1-billion (Rs 4,500 crore) Chennai factory project, which is
scheduled to manufacture cars and SUVs by 2010.

Earlier, it was a three-way joint venture (JV), but Mahindra & Mahindra (M&M) pulled out early last year, citing the lack of synergy. Under pressure to cut back big ticket investments globally, Nissan-Renault officials invited the Hinduja group company to move its light commercial vehicle (LCV) joint venture project with Nissan to Chennai to better use the plant’s 400,000 unit-a-year capacity. But Ashok Leyland turned down the offer.

Nissan has a $500-million joint venture with Ashok Leyland for light commercial vehicles which signed a memorandum of understanding with the local government for a 380-acre new factory in Pillaipakkam, also near Chennai, with 100,000-unit-a-year capacity.

It is this project that Nissan-Renault want Ashok Leyland to shift to its Chennai plant.

Ashok Leyland MD R Seshasayee told ET, “I have no knowledge of this.” A Renault spokesman in India also denied the move, saying: “The JV with Ashok Leyland is independent of Chennai because Nissan and Renault have competing light commercial vehicle products.”

A Nissan India spokesperson too said that she was not aware of any third partner being inducted into the Chennai project. “Nissan is going ahead with its small car plans, while Renault has put its plans on hold due to financial problems. I have no confirmation of anything beyond this,” she said.

The Chennai factory project, for which the Renault-Nissan combine is seeking a third partner, is a 50:50 venture between Nissan and Renault.

While Renault is going slow on plans to manufacture its new cars at the Chennai factory, Nissan’s India strategy is still on track. At the Chennai plant, Nissan will produce a family of models based on its new A-platform, including the next generation small car, Micra.

Nissan plans to introduce nine products in India, ranging from the ULC car, a compact car and LCV to higher-end SUVs and sedans, including five locally-built products by 2012.

Three LCV companies have been created with Ashok Leyland. Renault, for its part, has a 49:51 JV with M&M for M&M-Renault’s Logan in Nashik, and its distribution through the M&M network.

http://economictimes.indiatimes.com/...ow/4061034.cms
Elango1984 no está en línea   Reply With Quote
Old February 11th, 2009, 07:44 AM   #28
tokavin
Registered User
 
Join Date: Oct 2008
Posts: 142
Likes (Received): 0

SEW-Eurodrive to set up mfg plant in Chennai

SEW-Eurodrive India, a subsidiary of Germany-based SEW-Eurodrive GmbH & Co, is setting up an assembly plant for gearboxes and gear motors near Chennai with an investment of around Rs 55 crore. The facility will come up on 80,000 sft in Sriperumbudur.

Speaking to reporters here on Tuesday, MJ Abraham, chief executive officer, SEW-Eurodirve India, said the plant would also have service facilities like installation and consulting.

The company has hired 30 engineers for this plant and is planning to increase it to 90.

It has set a target to close the current fiscal with a turnover of around Rs 150 crore, as compared with Rs 107 crore last year.

He said the company was growing at a CAGR of 55 per cent till last year but given the current economic crisis this was expected to come down to 11 per cent.

http://www.business-standard.com/ind.../00/06/348596/
tokavin no está en línea   Reply With Quote
Old February 11th, 2009, 07:49 AM   #29
tokavin
Registered User
 
Join Date: Oct 2008
Posts: 142
Likes (Received): 0

Nissan’s India plans under review; vendors told to cut supplies 30%

Mumbai: Japan’s third largest auto maker by sales Nissan Motor Co. Ltd, which is facing losses globally, is reviewing its capital expenditure and manufacturing plans, according to two local parts suppliers to the firm.

“The company has asked us to scale down the supplies by at least 30%,” said a vendor for Nissan’s project in Chennai, where it shares a manufacturing facility with French car maker Renault SA. “They are re-evaluating all the projects in India to halve the costs. They have even put a cap on the number of people they want to hire for the project.”

Another supplier confirmed the 30% scale-down at the Chennai plant. Both the vendors did not want to be identified citing confidentiality agreements with Nissan.

“We are optimizing investments and will probably do a slower ramp up at our Chennai facility. If the ramp up is slower, supplies will have to be scaled down,” Simon Sproule, Nissan’s vice-president for global corporate communications, said over phone from Japan on Tuesday.

Manufacturing at the Chennai facility was estimated to reached peak volume in one- and-a-half years from the start of production, but will need three years now, the vendor added.

Sproule did not confirm if Nissan has asked the vendors to prune supplies, but maintained that plans for the Chennai facility going on stream in early 2010 and the company’s new model launches in India were on track.

Nissan is also reviewing the programmes at its three joint ventures with Ashok Leyland Ltd, India’s second largest maker of trucks by sales, for making engines, light commercial vehicles and technology development.
“Both companies are facing the same challenges. We are, hence, working on how best to structure the next step,” said Sproule.

http://www.livemint.com/2009/02/1022...plans-und.html
tokavin no está en línea   Reply With Quote
Old February 13th, 2009, 07:25 AM   #30
tokavin
Registered User
 
Join Date: Oct 2008
Posts: 142
Likes (Received): 0

Renault may drop plans to set up plant in Chennai

Chennai/Mumbai, Feb. 12 French car maker Renault has said that it is reviewing plans for its factory in Chennai and may even completely abandon the project.

Renault’s Chief Financial Officer, Mr Thierry Moulonguet, was quoted in a Bloomberg report as saying that the company is reviewing plans for the Chennai plant. “It is possible that we abandon the project completely.” It depends on market conditions. Renault would recoup its share of the €700-million investment and leave Nissan to build a smaller, cheaper facility alone, the Bloomberg report said.

However, Renault officials in the country say that the company will continue to be present in India. Renault produces the mid-size sedan Logan through its joint venture with Mahindra & Mahindra at Nashik in Maharashtra. The company is likely to produce the Logan derivatives, the Sandero hatchback and Steppe station-wagon at Nashik.

In December 2008, Renault and Nissan said that they would go in for one shift at the Chennai plant rather than the initially planned two, due to the economic slow down. In January, Renault officials said in Paris that plans for the Chennai plant were only being put on hold and not shelved.

Renault and its Japanese affiliate Nissan are investing Rs 4,500 crore in an equal joint venture for a four lakh a year capacity car plant at Oragadam, near Chennai. The two signed an agreement with the Tamil Nadu Government in February 2008, which provided them incentives. Work on the plant started in June 2008 and the first line is expected to be ready in the first half of 2010.

Nissan is separately setting up a plant to make light commercial vehicles in a joint venture with Ashok Leyland near Chennai, which too has been put on the backburner.

When contacted, a State Government official said the Government had not heard from Renault about its plans to shelve or slow down the project. The agreement provided for the companies to make the investment in stages over seven years. Those in the know say that work relating to Nissan’s side of the plant is on in full swing and slow as far as Renault’s line is concerned.

Renault, which is getting €3 billion as loan from the French Government, said that its focus for 2009 would be to cut costs and reduce capital investment. The company would focus capital expenditure and research and development programmes on strategic projects, including electric vehicles and environment-friendly engine performance, a press release on its Web site said. It would step up the policy of cutting fixed costs, notably by controlling total salary costs.

“Investments already made at the international level will be exploited to the full. Investments for vehicle projects have been put on hold at Chennai and postponed at Tangiers (Morocco). Total investments in 2009 will be at least 20 per cent lower than in 2008,” the release said.

Renault today said its 2008 revenues were €37.7 billion, 7 per cent down over the year, and net income €599 million. The company reported a second-half loss of €982 million in 2008 against a profit of €1.5 billion in the first half of the year.


http://www.thehindubusinessline.com/...1352130100.htm
tokavin no está en línea   Reply With Quote
Old February 17th, 2009, 08:05 AM   #31
Elango1984
வாழ்க தஞ்சை வளர்க சென்னை
 
Join Date: Aug 2008
Posts: 504
Likes (Received): 0

PSA Peugeot firming plans to re-foray into the Indian market

After testing the market for the last few months, PSA Peugeot Citroen is now ready to start working towards establishing a component sourcing base in India, for its global operations. The French company has set up a dedicated office at Chennai in India, through which it aims to conduct all its sourcing activity in the country. Citroen is also expected to be making an entry into the Indian market with their small car models, especially the diesel ones, reported The Live Mint. In fact, a four-member team belonging to the PSA Peugeot Citroen has been looking at options in India and have even held meetings with automobile bodies such as the Society of Indian Automobile Manufactures (SIAM), Automotive Component Manufacturers Association of India (ACMA) and numerous component makers from south India.

According to The Live Mint, a bunch of bigshots of PSA Peugeot Citroen, including Frederic Saint-Geours, board member and adviser to chief executive officer, and Rajesh Nellore, managing director for India operations, hobnobbed with the Andhra Pradesh government officials to explore investment opportunities in the state. A top brass of the European carmaker had earlier told ET that it is looking at an industrial strategy and exploring both the JV and 100 per cent subsidiary options.

Almost a decade after Peugeot made an unhappy exit from the Indian automobile market; it is readying to try its luck here again. As per industry insiders, there is high possibility of the e 34.6-billion PSA Peugeot Citroen coming to India with a range of small cars and mid-segment sedans soon. Earlier, this second biggest car maker of Europe has to exit because of differences with their Indian partner, the Doshis. At present, the company is learnt to be studying the 1.5 million Indian passenger vehicle market.

http://www.wheelsunplugged.com/ViewN...px?newsid=2596
Elango1984 no está en línea   Reply With Quote
Old February 21st, 2009, 08:33 AM   #32
Elango1984
வாழ்க தஞ்சை வளர்க சென்னை
 
Join Date: Aug 2008
Posts: 504
Likes (Received): 0

Ford India to recruit 1,000 employees this year

Ford India, a 100 per cent subsidiary of Ford Motor Company, USA, on Friday said it plans to add 1,000 more employees to its India operations this year.

The move will a part of the company's plan to attract best talents in the industry.

"This will be in addition to the 6,000 staff across various levels in the country," Ford India President and Managing Director Michael Boneham said.

On the economic downturn, he said one has to look for solutions based on corporate intelligence. This was the right time to 'grab those intellectuals', he said, adding the secret to a company's success in uncertain times is its people.

Boneham was here today to inaugurate the annual convention on 'Navigating Uncertain Times', organised by the Madras Management Association.

http://www.financialexpress.com/news...s-year/426116/
Elango1984 no está en línea   Reply With Quote
Old February 21st, 2009, 12:29 PM   #33
ferrari_fan
Forza!
 
ferrari_fan's Avatar
 
Join Date: Jan 2006
Location: Chennai + Hyderabad
Posts: 3,861
Likes (Received): 220

that's very impressive... long time since there's been announcements of any kind of recruitment by large companies..
ferrari_fan no está en línea   Reply With Quote
Old February 23rd, 2009, 01:02 PM   #34
senthil2001msk
BANNED
 
Join Date: May 2008
Posts: 258
Likes (Received): 0

Peugeot to start operations in India

Peugeot to start operations in India


http://www.cartradeindia.com/car-bik...ia-110845.html

French auto manufacturer Peugeot is scouting for Greenfield plant in Andhra Pradesh and Tamil Nadu. It intends to set up its manufacturing unit in India and plans to re-enter the Indian auto market. Its entry has been delayed in the country due to the global credit crunch and severe economic crisis looming large over entire Europe.

The research firm, IMIRB conducted a consumer research for the company last October. After a positive response from the automobile customers in India, it now plans to bring its hatchback model 307 and C5 sedan in India.

The company officials have met government officials in both the states about their plans and look forward to find a favorable location for setting up their new plant in India. Peugeot Vice President India, Rajesh Nellore, has confirmed about his meetings with the government officials. It does not intend to directly import its cars as Completely Built Units as they are not economically viable. Thus, it intends to set up its plants and import the cars as CKD and assemble the same locally.
senthil2001msk no está en línea   Reply With Quote
Old February 23rd, 2009, 01:04 PM   #35
senthil2001msk
BANNED
 
Join Date: May 2008
Posts: 258
Likes (Received): 0

Machino to house 1000 mtpa PP compounding plant in Chennai

Machino to house 1000 mtpa PP compounding plant in Chennai

http://www.plastemart.com/plasticnew...s_id=14480&P=P

Machino Polymers Ltd., India's leading polypropylene composite material manufacturer, has decided to outlay Rs 1.99 bln (approx. US$40 mln) in a polypropylene compounding facility in Chennai. The PP compounding plant will have a of 1000 mtpa and will be supplied to the expanding automobile sector in India, which the company is projecting to rise by 11%. The decision comes six months after Machino's Gurgaon plant (company headquarters) grew its twice its capacity to 40,000 mtpa.
senthil2001msk no está en línea   Reply With Quote
Old February 28th, 2009, 11:10 AM   #36
tokavin
Registered User
 
Join Date: Oct 2008
Posts: 142
Likes (Received): 0

Nissan to roll out cars from Chennai plant on schedule

The Chennai plant of Renault-Nissan will have lots of spare capacity as French car major Renault has decided to temporarily freeze product plans from there but its partner Nissan will however go ahead with the planned roll-out of its cars.

The 400,000-unit manufacturing facility at Chennai was designed to equally support the business venture of the two companies in India after its third partner (but biggest stake holder) Mahindra & Mahindra walked out in early 2008.

According to a source, Nissan Motor Company will commence production in Chennai according to the earlier plan next year, with the first car due to roll out by the mid-2010.

Both the companies have jointly invested Rs 800 crore in the project so far from the total targeted investment of Rs 4,500 crore.

However, due to a severe crunch in finances that Nissan is facing globally, the ramp-up in production in Chennai will be slow. Among other models, the company will produce the compact and fuel-efficient car known as Micra from Chennai.

The Micra, which is currently on sale in markets like the UK, will be redesigned for India and will fight for space against other compact cars of Maruti Suzuki and Hyundai Motor India.

Nissan is already present in India through models including the X-Trail (sports utility vehicle) and Teana (premium sedan). Both models are priced at a premium as they are imported into the country, attracting huge import duties.

Meanwhile, product plans of Renault from Chennai, which included four new platforms on which a number of models could have been built and two semi knocked-down operations, have been shelved by the company at the moment due to lack of adequate funding.

Renaut has taken a cautious approach towards setting up of any new production facilities worldwide. The Carlos Ghosn-led Renault, which was in urgent need of fresh funding, has promised the local French government that there will be no job losses at least in France.

Last week, the company was granted a loan of Euro 3 billion from the Nicolas Sarkozy-led French government with the initial interest rate fixed at 6 per cent per annum. However this rate will go up when the performance of the company improves.

However, both the companies regard the Indian market as a strategic market for the future and a complete pull-out by both companies was not on their horizon in the near term, said a company executive from Renault.

Even though vehicle platforms will be shared between Renault and Nissan, both companies will have independent production lines at the factory.

http://www.business-standard.com/ind.../01/18/349809/
tokavin no está en línea   Reply With Quote
Old February 28th, 2009, 11:26 AM   #37
tokavin
Registered User
 
Join Date: Oct 2008
Posts: 142
Likes (Received): 0

Quote:
Originally Posted by senthil2001msk View Post
Peugeot to start operations in India


http://www.cartradeindia.com/car-bik...ia-110845.html

French auto manufacturer Peugeot is scouting for Greenfield plant in Andhra Pradesh and Tamil Nadu. It intends to set up its manufacturing unit in India and plans to re-enter the Indian auto market. Its entry has been delayed in the country due to the global credit crunch and severe economic crisis looming large over entire Europe.

The research firm, IMIRB conducted a consumer research for the company last October. After a positive response from the automobile customers in India, it now plans to bring its hatchback model 307 and C5 sedan in India.

The company officials have met government officials in both the states about their plans and look forward to find a favorable location for setting up their new plant in India. Peugeot Vice President India, Rajesh Nellore, has confirmed about his meetings with the government officials. It does not intend to directly import its cars as Completely Built Units as they are not economically viable. Thus, it intends to set up its plants and import the cars as CKD and assemble the same locally.
I don't think AP can get Peugeot leaving TN behind. Even if govt of AP offers huge concessions, AP according to me does not have basic auto component industries(correct me if i am wrong). And Peugeot will end up in the same fate as that of Caparo(Remember Caparo near TADA!!!). Moreover, no other ports in India have good experience compared to 2 Chennai ports in dealing with auto cargo.

So I bet for Chennai.
tokavin no está en línea   Reply With Quote
Old March 1st, 2009, 01:31 PM   #38
Arasu
The King
 
Join Date: Mar 2008
Location: Chennai
Posts: 1,936
Likes (Received): 515

Quote:
Originally Posted by tokavin View Post
I don't think AP can get Peugeot leaving TN behind. Even if govt of AP offers huge concessions, AP according to me does not have basic auto component industries(correct me if i am wrong). And Peugeot will end up in the same fate as that of Caparo(Remember Caparo near TADA!!!). Moreover, no other ports in India have good experience compared to 2 Chennai ports in dealing with auto cargo.

So I bet for Chennai.
Even if it is the case, they too can use the Chennai port due to close proximity of TADA to Chennai port.
Arasu está en línea ahora   Reply With Quote
Old March 1st, 2009, 05:44 PM   #39
doccbe
Registered User
 
Join Date: Nov 2007
Posts: 487
Likes (Received): 29

what happened to caparo at AP?
doccbe no está en línea   Reply With Quote
Old March 1st, 2009, 07:19 PM   #40
Kewl Batty
When it rains, it pours!
 
Join Date: Sep 2008
Location: Amsterdam
Posts: 2,727
Likes (Received): 11

Quote:
Originally Posted by doccbe View Post
what happened to caparo at AP?
They're talkin abt caparo forge not aerospace industry which is still undecided..
Kewl Batty no está en línea   Reply With Quote


Reply

Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 09:56 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Feedback Buttons provided by Advanced Post Thanks / Like v3.2.5 (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu