More good news - Indian made cars move up

Society Business and Career
1

This is a new one, at least to me.

Export growth mantra for cars made in India

TIMES NEWS NETWORK WEDNESDAY, SEPTEMBER 17, 2003 11:00:28 PM ]

NEW DELHI: For global carmakers, India is becoming a hot-shot export sourcing base. Advantage: Low-cost production and a high degree of improvement in quality. Now, cars from India are hot favourites among European buyers.

Backed by a high demand, made-in-India cars have started shrugging off the discount tag overseas. For example: MG Rover would market Tata Indica in the UK for 6,500-8,500 pounds (Rs 4.7-6.1 lakh) while the Hyundai Santro is being sold in Germany and Italy for 7,900 euro (Rs 4.3 lakh). And, this includes a nominal import duty of around 6 per cent in these countries.

The popularity of Indian cars is obvious. Alto and Santro were displayed by the multinationals at their respective stalls at recently held Frankfurt Motor Show.

“Indian made cars have come of age. The western manufacturers and buyers are also aware of the quality of Indian components and products and this has helped our manufacturers find a good market for their cars,” says Paresh, a consultant with McKinsey.

“Another advantage is Indian cars are priced lower than the products manufactured abroad, even if they are sold at 15-20 per cent premium. So, it’s a win-win situation for everyone,’’ he adds.

This shift is already helping manufacturers in India drive in higher profits.

For instance, Maruti’s export sales revenue in 2002-03 stood at Rs 670.80 crore, which is almost 7.4 per cent of its total sales revenue.

And manufacturers here are jacking up production back home. Hyundai, which has got an export order for around 30,000 units of Santro this year, intends to double it to 70,000 next year and is already hiking production in India to meet this demand.

Regulations, adds Hyundai Motor Europe vice-president Werner H Frey, are also favourable for India.

“We pay a lower duty for cars being imported from India than we have to pay for importing from Korea.”

Adds Dr V Sumantran, ED, Tata Motors, the risk factor attached to Indian cars has disappeared.

“With good track record, the risk perception is almost out of the window, which is enabling the companies to price their products better,” an analyst said.

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huh? Indian 'made' or 'assembled'??

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:k:

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indian made

tata indica will be sold in uk with the name of city rover
and that car is pure 100% indian car

5

No one should buy Hindian cars made by BJP :mad:

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cool ..good for them :k:

i’ve always admired the industrial progress in india. good luck!

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Why, are you surprised ?? Three Generations of my family have worked for Tatas(The makers of Indica) and we are damn proud to say that it is an Indian car BUILT in India. :slight_smile:

*Telco designed the Indica with assistance from IDEA (Italy). Le Moteur Moderne (France) helped with the development of the petrol engine. Telco has produced an engineering marvel in a record time of 31 months from the time of inception of the project to its completion. The price is still not frozen and will be finalised only at the time of the launch. India’s best-kept secret is almost out and it promises to be a pleasant surprise. With only a few days to December 30th, the suspense is mounting. And yes, the Indian car-buyer actually has an Indian car, specially built for India. *"

http://www.automeet.com/archive/autonews23.html

8

Asif Bhai, when are you trading in your Honda for an Indica? I know Tom owns a Sumo. Right?

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Hahaha - Brother, I dont own a Honda . Back home We do own an Indica and a Maruti and if everything goes alright we will be buying a new Indigo from TATA. :)

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My point being, it's great for India that they are doing a little better; but I wouldn't be bragging about it. Just like Pakistan made that pilot training plane & they are going to sell a few of them to UAE ... which is well & good but nothing to go overboard with. No?

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Of Course not, These cars are nothing to brag about . I think we still have miles to go before we can compare our cars with JAP or even Korean cars.

But we must feel proud of what we have made on our own.

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[QUOTE]
*Originally posted by ahmadjee: *
Asif Bhai, when are you trading in your Honda for an Indica? I know Tom owns a Sumo. Right?
[/QUOTE]

What's a sumo? Only German cars for me

13

AJ, the point that Indian cars are marketed abroad is only one indication of the autmotive sector's emergence in India. Did you know Indian front axle manufactures have 80% share for midsize trucks in the US. They supply to GM, FOrd, Chrysler, etc..it is more about an industry that is skyrocketing...then whether Tom buys an Indica. Siht...someone is..otherwise it owuld not be news.

Mostly in India. Delhi alone adds 40k cars per month. Not to mention buses, trucks etc..

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This one from a recent article in the New York Times :

**Carmakers Around the World Are Turning to India for Parts **
Delphi Corp, world’s largest automotive parts maker, says it will have $140 million worth of auto parts made by Indian concerns and expects such orders to exceed $250 million a year by 2007; Ford Motor Co says it expects to get more than $100 million worth of components from Indian parts makers in next two years; Volvo says it plans to increase its manufacturing in India to 100 million euros ($117 million) worth of parts in one year instead of three; exports are projected to reach $25 billion in 20 years; exports have risen to estimated $800 million for year ended March 31 from $578 million year earlier, 38 percent rise;

http://query.nytimes.com/gst/abstract.html?res=F2071EFD355C0C738EDDAF0894DB404482

(Unfortunately the full article has been archived and is no longer available online for free)

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^ You are probably lying Hindian :mad:

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Kareem don't you get bored churning out the same mantra in every forum?

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^ Xtreme you must be a lying Hindian too

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I dont know why this thing is posted in a Pakistani forum! Is it soemthing to do with Paksiatani economy.. any trade between India or pakistan in this regard.. dunno why boasting Indian cars here in a Pakistani forum..

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[QUOTE]
*Originally posted by Degas: *
I dont know why this thing is posted in a Pakistani forum! Is it soemthing to do with Paksiatani economy.. any trade between India or pakistan in this regard.. dunno why boasting Indian cars here in a Pakistani forum..
[/QUOTE]

Degas,

I thought you were one of the saner and less jingoistic guys here.... anyway the purpose of this section(Business & Economics i.e.) as mentioned in the discription is :

"*The place to talk about latest market trends in global economy and finance. Share the hottest tips on the stock market or discuss the newest economic theories. Join in and be part of our economic elite. *"

Who said anything about Pakistan ?

20

[QUOTE]
*Originally posted by Some1: *

Degas,

I thought you were one of the saner and less jingoistic guys here.... anyway the purpose of this section(Business & Economics i.e.) as mentioned in the discription is :

"*The place to talk about latest market trends in global economy and finance. Share the hottest tips on the stock market or discuss the newest economic theories. Join in and be part of our economic elite. *"

Who said anything about Pakistan ?
[/QUOTE]

Indian cars moving up comes in "latest trends in global economy and finance" ! I always admire India's IT prowness and advancement but India's cars being a little better by no means a news worthy in a Pakistani forum..