【New Delhi】Shortly before noon on a pleasant Monday, race driver Narain Karthikeyan drove down the ramp in a Venetian Red coloured hatchback Bolt. From the other side, Tim Leverton, Head of Engineering, Tata Motors, with Ranjit Yadav, President, Passenger Vehicle Business Unit, sitting beside him drove in a Signature Buzz Blue sedan Zest, marking Tata Motors's new journey in the passenger car market.
These two cars, powered by the company's new Revotron engine series and based on the company's enhanced X1 platform and pitted against hatchbacks like Maruti's Swift and entry-level sedans like Honda Amaze will hit the market in the second half of 2014.
○Ford Figo Concept unveiled
【New Delhi】Carmaker Ford on Monday unveiled the Ford Figo Concept, a compact sedan for the global B segment, ahead of the Auto Expo 2014 in New Delhi.
The sedan, which is less than 4 metres long, was unveiled without any announcement of when it is expected to hit the market. The Concept is the company's vision for an all-new global compact car which will offer advanced technology and clever design.
○Ashok Leyland sales down 26 per cent in January
【New Delhi】Hinduja Group flagship firm Ashok Leyland today reported a 26 per cent decline in its total sales at 7,847 units in January 2014.
The Chennai-based heavy vehicle major had sold 10,561 units in the same month of the previous year, Ashok Leyland said in a filing with the BSE. Sales of medium and heavy commercial vehicles were down 19 per cent to 5,530 units during the month as against 6,863 units in January 2013. Light commercial vehicles sales during the month stood at 2,317 units as against 3,698 units, down 37 per cent, in the year-ago period.
○ICRA maintains a strong outlook on the tractor industry
【KOLKATA】The Investment Information and Credit Rating Agency's has revised its FY14 growth outlook (domestic and exports) for the tractor industry from 13 per cent to 15 per cent, with continued buoyancy in the domestic market, helped by sustained demand from agriculture sector as well as recent spurt in sales on account of festive demand.
A good southwest monsoon and rains thereafter, resulting in good soil moisture content, along with brimming reservoirs, have pushed up acreage of most Rabi crops (total acreage was higher by 5%YoY till January 24, 2014); a leading indicator of rural prosperity. This cyclical upswing in tractor industry comes after stagnant/marginally negative growth witnessed during H2FY12 and FY13. Export growth, however, is expected to be limited during the current year.
Tata Motors unveils hatchback Bolt, sedan Zest
Tata Motors unveils two new models
Ford Figo Concept compact sedan unveiled
Ashok Leyland sales down 26 per cent in January
Ashok Leyland sales down 26% in January
ICRA maintains a strong outlook on the tractor industry
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