July 24th, 2008 — Hyundai
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Hyundai Motor Co, South Korea’s top automaker, said on Wednesday it had scrapped a plan to launch a low-cost sedan in China as the model would not be profitable amid rising raw material prices.
Hyundai, which together with affiliate Kia Motors Corp is the world’s No.5 automaker, plans to introduce a new compact sedan to the China market instead of the initially planned $5,000 to $6,000 economy sedan, a company spokesman said.
The company had planned to sell the low-cost sedan in China from 2010 to compete with sub entry-level cars from global and local makers in the world’s No.2 auto market.
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July 16th, 2008 — Bajaj, Renault, nissan
The Bajaj-Renault-Nissan alliance could extend beyond the ‘ultra low-cost car’ (ULC) to include a range of electric vehicles.
Nissan-Renault boss Carlos Ghosn recently announced that he plans to start mass production of electric vehicles as part of his strategy to boost demand, which is now sluggish due to high fuel prices.
According to sources in the vendor circuit, Nissan-Renault may look at its ULC alliance with Bajaj for affordable production of e-vehicles. When contacted, Bajaj Auto MD Rajiv Bajaj refused to comment.
If the Bajaj-Renault-Nissan alliance does get into e-vehicles, it will be one more segment, apart from the Nano, where the combine will have a face-off with the Tatas.
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April 20th, 2008 — eco-car segment, mitsubishi
Japan’s Mitsubishi Motors says it is developing a low-priced car to be sold in China and Thailand as well as in the European market.
The car, expected to be priced at below one million yen ($9,650), would be based on a 660cc platform that is currently used only in Japan, Reuters quoted the company’s President, Osamu Masuko, as saying at the Beijing Auto Show.
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January 18th, 2008 — toyota
Bangalore, Jan. 17 Toyota Motor Corporation is about to complete work on a low cost passenger car, which will be launched in markets like India initially even as the company’s President, Mr Katsuaki Watanabe, is expected to visit the country towards the end of January.
The low-priced car is also expected to be launched in developed markets as well after launches in India, Russia, Brazil and China. Sources in the company told Business Line that Mr Watanabe has been personally driving the low-cost model initiative and had asked the company’s engineers to develop a car based on low cost technology which should also adhere to the Toyota’s safety standards as well as being environment-friendly.
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January 10th, 2008 — TaTa
January 10th, 2008 — Uncategorized
January 8th, 2008 — Bajaj, Renault, nissan
It’s the biggest auto show ever showcased in India. But the Ninth Auto Expo 2008, scheduled to open to the public on January 10 at New Delhi’s Pragati Maidan, is really two shows, not one.
Show One – the show – is the launch of the much ballyhooed Rs 1 lakh Tata small car on Thursday. Everyone, from the public to competitors, is waiting with bated breath for the curtains to go up on that car.
Which is why the rest of the crowd is planning Show Zero – the show before the show - well before the Expo formally opens. To avoid being overshadowed by the Tata car, automobile manufacturers are scheduling their announcements for January 8-9.
all begins with Bajaj Auto’s small car on Tuesday, followed by General Motors, Volkswagen, Fiat (Tata’s joint venture partner), Maruti, Volvo Cars and the rest.To be unveiled by Rajiv Bajaj, managing director of Bajaj Auto, this small car has been planned as a joint venture with Renault and Nissan. If everything goes according to plan, the car will hit the roads in 2010.
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