Connect with us

Auto

Daimler may export Mercedes-Benz cars from India, says CEO Ola Kallenius

Published

on

(This story originally appeared in on Sep 04, 2020)

NEW DELHI: In a major validation of India’s manufacturing quality, global automotive giant Daimler has made India an exclusive sourcing global base for certain key components, as well as new-age software. The company is also considering plans of starting car exports from India, global CEO Ola Kallenius told TOI, adding that a final go-ahead depends on the financial viability.

“I am kind of an India fan. They do a lot of things. In the meantime, some components have actually moved to India permanently for worldwide responsibility. So, this will remain an important part of our engineering effort and where it takes us, I don’t know,” the Daimler CEO said after unveiling the new S-Class limousine in Germany. He said software is “certainly one of the main areas” where Daimler can grow in India. “And it’s not just vehicle engineering, but also on the IT side. Since many years, it is a ‘solid pillar’ in our house.”

Daimler has two factories in India — while Pune houses the plant for Mercedes-Benz cars, the Bharat Benz range of trucks are made in Chennai. The company also has a global R&D and engineering centre in Bangalore.

On export of Mercedes-Benz cars from India, Kallenius said it would be a “a purely economic” decision. “If it will make economical sense, we would do so. But that has not been the case up until this point. I don’t know when it would be. If we have to make any decision in that direction, it would come down to the financials.”

However, around two years ago, the company had exported the India-made GLC SUV to the US. It had said then the India plant is a “back-up solution” in case of high global demand. Asked about low sales of luxury car industry in India, Kallenius said numbers do not do justice to size of the country and strength of the economy and India’s population. “We have a good position in the market, but it feels… that you are shaking a ketchup bottle but the ketchup has not come out yet.”

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Auto

Mahindra Electric eyes investment, bulk deals with e-commerce companies

Published

on

By

Mumbai: Mahindra Electric is eyeing the leadership position in electric last-mile delivery vehicle space and has been in discussions with several e-commerce companies including Flipkart, Amazon, and Reliance Retail among others for a potential deal. The company has also been in discussions with e-commerce companies for capital investment and is close to finalising a deal, said Pawan Goenka, managing director of parent company Mahindra and Mahindra.

“We have significant interest from many players – e-commerce providers, financial investors and strategic investors and we are in the process of finalising (a deal) with one or two of these players,” said Goenka. He declined to comment by when could a deal be concluded. The company launched its electric cargo vehicle under the brand Treo Zor on Thursday. The vehicle was designed in consultation with e-commerce companies, said Mahesh Babu, managing director, Mahindra Electric. “While we have made this also to meet retail demand, it is very specifically designed to meet e-commerce demand. We are in touch with many of them and you will hear when we jointly announce,” he said. Inquiries have also come in for these vehicles from Europe and Japan, but India remains the focus market, Babu said.

Mahindra Electric also makes electric three-wheelers for passenger transport under the Treo brand and has sold over 5,000 units since its launch in 2018. It has spent about Rs 100 crore in developing the Mesma 48 platform on which these vehicles are built, according to Babu. The company has localised most of the components on the vehicle barring battery cells and a few other small electronics which are imported.

The vehicles receive government subsidies under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. Goenka said that government subsidies continue to remain critical to keep these electric vehicles competitive with combustion engines vehicles. While EVs are cheaper to own over their lifetime due to low fuel and maintenance costs, the purchase price still remains much more expensive than conventional vehicles. For example, the Treo Zor starts at Rs 2.73 lakh after government subsidies and lower GST rate as compared to about Rs 2 lakh for three-wheelers with diesel engines.


Source link

Continue Reading

Auto

Mahindra Electric launches new cargo 3-wheeler Treo Zor

Published

on

By

Mumbai: Mahindra Electric on Thursday announced the launch of its new electric 3-wheeler cargo model Treo Zor at starting price of Rs 2.73 lakh (ex-showroom Delhi). Built on the Treo platform, the new offering comes in three variants – pick up, delivery van and flat bed – and will be available at Mahindra small commercial vehicle dealerships in select cities across the country from December.

“Our Treo platform demonstrates our commitment to Aatmanirbhar Bharat through the latest technology and make in India. The Treo Zor will provide a clean, sustainable and affordable solution for last-mile delivery,” Mahindra & Mahindra Ltd’s MD and CEO Pawan Goenka said at the launch.

The company claims that the new e-three wheeler offers higher savings of over Rs 60,000 a year, compared to the existing diesel cargo 3-wheelers, owing to its low maintenance cost, which stands at just 40 paise per km, the company claimed.

“The proven Treo electric 3-wheeler platform has already redefined last-mile mobility with 5,000+ satisfied customers who have traversed 35 million kms on Indian roads. Treo Zor has been developed with cutting edge technology to deliver substantial customer value proposition and is available in 3 variants to meet every customer needs,” said Mahesh Babu, MD & CEO, Mahindra Electric.

Treo Zor comes with an 8kW advanced lithium-ion battery and best-in-segment payload of 550 kgs. It gives higher earning opportunities. Also, the new vehicle comes with a standard warranty of 3 years/80,000 km, the company said, adding the vehicle can be charged by plugging into a 15AMP socket.

The wide service network of over 140 dealerships across India ensures timely after-sales service as well, it added.

The other features include telematics unit and GPS, windscreen and wiping system, spare wheel provision, among others, the company said.


Source link

Continue Reading

Auto

Ceat Tyres eyes export opportunities for speciality tyres in Europe, North America

Published

on

By

Tyre maker Ceat is looking at export opportunities for its speciality tyres in Europe and North America, and is also exploring new markets for radial tyres for buses and trucks, a senior company executive said. The RPG Group company, which produce tyres for segments such as two- and three-wheelers, cars, buses, light commercial vehicles (LCVs), trucks and tractors, currently exports its range of products to over 100 countries.

The company has six manufacturing plants at Ambernath (for off-highway tyres), Bhandup, Nashik and Nagpur in Maharshtra, Halol in Gujarat and in Chennai.

“We are trying to make more inroads in the Europe and North American market for speciality sectors. We are also looking at new market for our bus and truck radial tyres,” Ceat Tyres Ltd Chief Financial Officer Kumar Subbiah told .

He said the commissioning of Chennai plant in February this year will boost the company’s export business, which generally accounts for 12-13 per cent of the overall revenue.

Ceat has a specialised subsidiary, Ceat Speciality, for off-highway tyres in domestic and international markets.

Stating that exports are picking up gradually, he said the recovery from the COVID-19 impact started happening in the later part of September quarter.

Earlier this week, the tyre maker reported over four-fold increase in consolidated net profit at Rs 182.18 crore for the second quarter ended September 30.

The company had posted a net profit of Rs 43.64 crore in the July-September period of previous fiscal.

The company’s revenue from operations during the second quarter stood at Rs 1,978.47 crore as compared to Rs 1,691.55 crore in the year-ago period.

During the quarter, it also commissioned the second phase of its Nagpur-based manufacturing facility with effect from August 24.

Subbiah attributed a rebound in replacement market demand, improvement in other two verticals — exports and original equipment manufacturers (OEMs) — and better cost management to the good financial performance in the September quarter.

“We managed our supply situation better both from the manufacturing as well as servicing point of view. These are broad reasons why we have been able to give growth in the topline,” he said. He said the demand has returned in the aftermarket segment, while for OEMs and exports, the demand is very close to where it was before the COVID-19 pandemic. However, he said, only time will tell if the demand is sustainable or not.

Subbah said the company has added capacity at its three plants in Halol, Chennai and Nagpur (two-wheelers) in anticipation of higher demand and to corner additional market share going forward.


Source link

Continue Reading

Breaking News

Shares