Maruti to invest Rs 4,000 crore in FY16 on new models, marketing

The company, which reported its highest ever annual profit and sales in the fiscal concluded March 31, 2015, said the amount would be utilised on enhancing marketing infrastructure, launching new products and on R&D.

Maruti is looking to set up new display centres where its different models are displayed like it does at the brand centre at its headquarter here.
  
In the ongoing fiscal MSI is expected to launch its crossover vehicle SX4 S Cross and premium hatchback code named YRA.
  
Apart from urban markets, the company has also decided to intensify efforts to expand in the rural markets.  "We are at present in 1.25 lakh villages, we would like to add another 25,000 villages this year," Maruti Suzuki India Chairman R C Bhargava told reporters.
   
He said at present demand is strong in the rural markets but how it would be in the year ahead was hard to predict because of unseasonal rain and prediction of low monsoon.
   
Out of the total capex planned for the fiscal, the company on Monday released Rs 845 crore for the upcoming plant at Gujarat.

Source:  Auto News  and Gadgets Reviews India

 

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Hyundai Elite i20 with automatic gearbox launched in South African market

This model of the i20 is the latest generation hatchback from Hyundai. It is also the company's most premium hatchback. It was designed at Hyundai Motor's Design Centre Europe in Russelsheim, Germany with an investment of Rs 1,050 crore.

The new-generation model features the brand's 'Fluidic Sculpture 2.0' design philosophy that lends it a completely new look.

The Elite i20 is available in both petrol and diesel engine options in India. However, only petrol engine option will be available in the South African market

There are two engine options- one is the 83bhp four-cylinder 1.2-litre VTVT Kappa unit and another the 99bhp 1.4-litre mill. Both the engines come mated to a five-speed manual gearbox.

Marketing as 'The Elite i20', Hyundai launched the hatchback in India on August 11 last year and since then it has been creating a sensation in the  market. This is the second generation model of the i20 that goes up against other cars.

Source: Automotive News and Gadget Reviews India

Ssangyong launches compact SUV Tivoli

Ssangyong Motor CO (SYMC), which is the fourth largest auto maker of South Korea has invested USD 320 million in Tivoli project and would pump in approximately USD 920 million in the next three years on various activities to further enhance its position in the market.

"Ssanyong has invested 700 billion won since its M&A (with Mahindra) and would put one trillion won (USD 920 million) in next three years," said Ssangyong Motor Co Chairman of BOD P K Goenka.

Tivoli is the first product to come out of the SYMC stable after Mahindra & Mahindra acquired 70 percent controlling stake in 2011.

The company has launched four versions powered by 1,597 CC petrol engine with price ranging between 16.35 million won (USD 15,000) to 23.47 million won (USD 21,500). The diesel engine based models would come in July.

"Tivoli is a strategic global model which SYMC has developed with great devotion in the past four years after the acquisition. It will be a cornerstone for the company to become a global SUV maker," SYMC CEO Yoo-il Lee said.

Source: Automotive News and Gadget Reviews India