DOCSLIB.ORG

Auto Expo 2020 – Components Kick-Starts with Spotlight on Technology and Innovation

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Auto Expo 2020 – Components Kick-Starts with Spotlight on Technology and Innovation DAY - 2 | February 7 Auto Expo 2020 – Components kick-starts with spotlight on Technology and Innovation Arjun Ram Meghwal, Minister of State, Heavy Industries & Public Enterprises and Parlia- mentary Affairs, graced the event in the second half of Day 1 From left, Vinnie Mehta, Director General, ACMA, Chandrajit Banerjee, Director General, CII, Deepak Jain, ACMA President, Arun Goyal, global automotive industry. Over Visitors can witness latest ad- Secretary, Department of Heavy Industries, Ministry of Heavy Industries & Public Enterprises, Rajan Wadhera, SIAM President, Rajesh the years Auto Expo has become vancements in technology pertain- Agarwal, Executive Director, ITPO, and Rajesh Menon, Director General, SIAM, releasing the Show Catalogue at the inaugural function India’s premiere event to showcase ing to BS-VI, safety, and e-mobility of Auto Expo 2020 - Components in New Delhi India’s prowess in manufacturing, among various others. With export The first Auto Expo of the new The technological leap achieved by Appreciating the efforts of the technology and innovation.” promotion and forging internation- decade and the 15th edition of the the auto industry will be critical to Indian auto component industry, The show has over 1,500 compa- al relationships being a key focus country’s largest and most-awaited usher in the next phase of growth. Rajan Wadhera, SIAM President, nies exhibiting their latest products area of the current expo, ACMA is auto show, Auto Expo 2020 – Com- It is imperative to strengthen the said: “The Indian auto component and solutions, of which 200 are also hosting an IPO Forum which ponents, kicked off in grand style on industry-academia partnership to industry has always put its best foot international exhibitors from over will bring together International February 6. The show was inau- bring more innovation and cut- forward. It is said ‘when the going 20 countries. Around 1,00,000+ Purchase Offices (IPOs) of various gurated by Arun Goyal, Secretary, ting-edge technology for the Indian gets tough, the tough gets going’. business visitors are expected to multinational OEMs. The fair also Department of Heavy Industries, industries.” So, this is the time to set our sights attend the four-day event which has has theme-based pavilions for EVs, Ministry of Heavy Industries & Sharing his thoughts, Deepak on the next 10 years where indige- dedicated pavilions for countries like Start-ups and Innovation in which Public Enterprises, in the presence Jain, ACMA President said: “The nous technologies and manufactur- Japan, South Korea, UK, Germany, several companies are displaying of senior members from the three auto component industry has ing capabilities of the component Turkey and Canada. their prowess in specific segments.w organizing bodies ACMA, CII and shown strong resilience amidst the industry will come as a top priority SIAM, auto component & auto prevailing challenges. This expo’s for all of us. It is time to focus on industry captains, international theme, ‘Technovation - Discover R&D so that we can have products delegations and a number of other Innovations for Future’, reflects our not just for India but for the world distinguished guests. determination to steer the industry market.” Speaking at the inaugural forward with greater value-addition, Chandrajit Banerjee, Director function, Arun Goyal said: “It’s a instil a positive sentiment and show- General, CII, shared: “The growth pleasure to be here and witness case the technological prowess, of the Auto Expo mirrors the rapid the success of this platform, jointly while providing more opportunities growth of the Indian automobile organized by ACMA, SIAM and CII. for growth.” industry and its integration with the Captains of the automotive and auto component industry were present at the inaugural ceremony Collect your copy of MOTORINDIA Auto Expo Special Editions Visit our stalls: Hall - 11 Hall - 11 Stall - N61 Day 1 of the show saw very strong visitor turnout Stall - 134 1 DH Lighting introduces LED modules Elofic showcases for Indian market its domains of acquisition of Innorex, DH Lighting is all set to excellence offer a complete range of lighting solutions for cars including that of halogen filaments, xenon, LED bulbs and modules. Innorex is a leading supplier of LED modules to Korean and interna- tional OEMs like Hyundai and Kia Motors, with high-technology products and strong produc- tion facilities in Korea, Vietnam, and China”, DH Lighting India aims to leverage the emerg- ing space for LEDs in the Indian market, as the company can develop LED modules of any kind - head lamps, tail lamps, and interior lighting assemblies - for its existing OEM customers, while also exploring new products for the domestic aftermarket. According to Chae, the market adoption of LEDs will rapidly increase The DH Lighting team at the company stand at the show in the immediate future globally, and India is After a successful acquisition of Innorex Technologies in moving in that direction as well. Pawan Sharma, Vice President - Marketing, Elofic Industries Korea, DH Lighting is showcasing its new capabilities to offer LED The company is expecting further growth in the aftermarket lighting modules for automotive headlamps and rear combi- space. Consumer preference is rapidly moving towards LED With automakers stepping up the production of BS-VI nation lamps in India. The company is targeting both OEM and lighting systems which are more effective and aesthetically vehicles, Elofic Industries is in full-swing with the supply aftermarket business in LED modules in the domestic market. appealing, especially for two-wheelers, passenger cars, and SUV, of its new filtration and lubricant solutions. It is also con- Talking exclusive to MOTORINDIA, Tom Chae, General Man- it claims. stantly adding new products to its portfolio to cater to ager - Sales Division, DH Lighting (Korea), said: “With our recent w almost all vehicle segments and models in the domestic market. Being India’s largest filter exporter and OEM supplier, the company is present at the Auto Expo 2020 - Components with a whole new vigour. Pawan Sharma, Vice President - Marketing, shared that he is pleased with the way the current edition of the Auto Expo has unfolded. “We are present here to showcase our domains of excellence, including our complete product portfolio, quality assurances, manu- facturing excellence, customer satisfaction, top-man- agement focus, innovation and technology, employee engagement, and financial resilience to name a few. This is the right place for us to meet our OEM and export customers, along with brand promotion aimed at end users”, he said. Elofic Industries is equally placed in the exports and OEM business, with a revenue contribution of about 35 per cent each. The rest of the revenue share is in the aftermarket segment. Asked on the current market slowdown, the vice president said that there is decent growth in OEM sales and exports, while OES-related sales are also registering healthy growth in recent times. There exists only a single digit growth in aftermarket, owing to certain challenges in that business space. The growth drivers are innovation and adoption of sophis- ticated technologies in filtration solutions that Elofic offers, he added. w Want to be part of the +91 9840597082 [email protected] 2 Freudenberg Sandhar presents solutions for smart cars driving and BS-VI vehicles Auto component major Sandhar Technologies has lined up a diverse range of products and ‘New Mobility’ solutions mainly focusing on smart cars and BS-VI vehicles. Industry veteran Jayant Davar, Co-Chairman and MD, Sandhar Technologies, gives us a quick update on his company’s presence at the show and his take on how the BS-VI transition would impact the market. The Freuden- Products and technologies showcased berg Group has We are showcasing a number of products at technologies at our ‘green’ stand. First are our an eye-catching auto electronic products from our JV companies for smart cars like sharkfin antennae, micropole presence as part of antennae, relays, rear and front parking sensors, cameras and kick sensors to name a few. We are the German pavil- presenting new light-weight products of magnesium die casting and new products that have been ion in Hall 4A - First specially manufactured for BS-VI vehicles. On the safety side, we have products like two-wheeler Floor. Thanks to its helmets and new regulation rear view mirrors. Other products on display at our stand include global expertise, the company has been gear shifters, parking brake, sun visors, black out tapes and anti-chipping film. Jayant Davar, Co-Chairman and MD, future-ready for Expectations from the show Sandhar Technologies changes in the Indian As always, we expect to meet our Georg Graf, Regional Representative, market. Georg Graf, existing customers and new OEMs to showcase the newer capabilities Freudenberg Regional Corporate Cen- Regional Represen- and products we have developed over the past two years, especially tre, India tative, Freudenberg for smart cars and BS-VI vehicles. Regional Corporate BS-VI Impact Centre, India and President of the Indo-German Cham- Any change necessitates adaptability and takes a while to be fully ac- ber of Commerce (IGCC) in India, highlights the group cepted. In the context of BS-VI, the change is likely to be in the form of companies’ collective strength on display at the show. increase in vehicle cost. The existing stock of vehicles is likely to be sold Focus at Auto Expo 2020 at steep discounts which will satisfy the need for cheaper vehicles. We The Freudenberg Group is aware of the forthcom- expect the first two quarters of next fiscal to exhibit marginal growth ing changes and is working on mobility concepts of post which the auto industry would reclaim its earlier growth model. w tomorrow. Whether it’s Internal combustion engines, hybrid technologies, fuel cells, pure electric vehicles or autonomous driving, Freudenberg is ready to deliver innovative solutions beyond electric mobility.
Load more

Recommended publications
  • Auto Expo 2012: Buckle Up, It’S the Year of the SUV’S
    the bold and the beautiful The Bold... Auto expo 2012: Buckle up, it’s the year of the SUV’s India’s most expensive bicycle worth two Tata Nanos! Say hello to DC Avanti: India’s first indigenous sports car Bajaj’s RE60: an auto, a car, a Nano killer? Get ready for the return of the Vespa! Will Honda’s low-cost bike rub the sheen off Hero’s Splendor? The beautiful... Auto Expo 2012: Royal Enfield unveils Thunderbird 500 Auto Expo 2012: GM unveils premium hatchback Auto Expo 2012: BMW’s iconic Mini comes to India Auto Expo: Cars, stars and more And the plain unattractive What’s worse than the chaos on our roads? Our Auto Expo! Delhi Auto Expo: A fire hazard? Green cars headline Delhi Auto Expo, but India not ready They rape us with their eyes: The life of an Auto Expo model The Bold... Auto expo 2012: Buckle up, it’s the year of the SUV’s Mean machines are here, yet again. In the backdrop of a slowdown of car sales and fuel prices going North, the auto makers are set to showcase the new cars and bikes in Auto Expo 2012. Danish Raza, Jan 3, 2012 ew Delhi: Mean machines are here, “I am eagerly waiting for Mini. This is a small yet again. In the backdrop of a slow- sports car high on style,’ said Murad Ali Baig, N down of car sales and fuel prices going auto expert. North, the auto makers are set to showcase the new cars and bikes in Auto Expo 2012.
    [Show full text]
  • 2017 UTAH INTERNATIONAL AUTO EXPO January 13-16, 2017 • South Towne Expo Center 9575 South State Street, Sandy, UT 84070
    2017 UTAH INTERNATIONAL AUTO EXPO January 13-16, 2017 • South Towne Expo Center 9575 South State Street, Sandy, UT 84070 DAYS/HOURS ADMISSION Friday, January 13 11 a.m. – 10 p.m. Adults $10 Saturday, January 14 10 a.m. – 10 p.m. Senior Citizens (62 & over) $6 Sunday, January 15 10 a.m. – 8 p.m. Military (active, veteran and with D.O.D. ID) $6 Monday, January 16 (Martin Luther King, Jr. Day) 10 a.m. – 8 p.m. Children (7-12) $6 Children (6 & under) FREE AUTO EXPO INFORMATION Official Web Site: www.AutoExpoUtah.com Official Hashtag: #UtahAutoExpo www.facebook.com/UtahAutoExpo www.twitter.com/UtahAutoExpo www.instagram.com/UtahAutoExpo EXPO HIGHLIGHTS Major Domestic & Import Manufacturers Explore more than 350 of the latest 2017/2018 cars, trucks, crossovers, vans, hybrids and sport/utility vehicles. Vehicles making their Utah International Auto Expo debut include the Subaru BRZ Special Edition Prototype, Chevrolet Bolt EV (Motor Trend’s Car of the Year), Infiniti Q60 Coupe, Chevrolet Volt, 2018 Chevrolet Equinox, Mazda MX-5 RF, Toyota Prius Prime and more. Test Drives • Drive FCA! Chrysler Pacifica and 300; Jeep Cherokee and Grand Cherokee; Dodge Challenger, Charger and Durango; Ram 1500; Fiat 500, 500X and 124 Spider Friday, from 11 a.m. to 5:30 p.m. and Saturday through Monday, from 10 a.m. 5:30 p.m. • Ford Drive Experience, Presented by Your Local Ford Stores Fiesta, Focus, Focus, Fusion, C-Max, Mustang, Taurus, Escape, Edge, Flex, Explorer, Expedition and F-150 Friday through Monday, from 10 a.m. to 5 p.m.
    [Show full text]
  • Exhibition Highlights
    EXHIBITION HIGHLIGHTS Organisers Auto Expo - The Motor Show is an International Motor Show accredited by OICA SIAM Automotive Component Confederation of Society of Indian Manufacturers Association of India Indian Industry Automobile Manufacturers The International Organization of Motor Vehicle Manufacturers AUTO EXPO – THE MOTOR SHOW 2014 7 – 11 February 2014, India Expo Mart, Greater Noida, Delhi NCR, India Media preview 5th February 2014 Total Number of Visitors 5.6 Lakhs + Media & Inauguration 6th February 2014 Number of Media registered Show Days 1800 + 7th February 2014 to 11th February 2014 International Participation From Organisers China, Czech Republic, France, Germany, Italy, Japan, Korea, Sweden, UK, ACMA (Automotive Component Manufacturers Association of India) USA CII (Confederation of Indian Industry) SIAM (Society of Indian Automobile Manufacturers) Website http://www.autoexpo-themotorshow.in/ Theme Mobility for All Concurrent Events Auto Expo - Components 2014 Accreditation by OICA (Organisation Internationale Des Constructeurs D'automobiles - Seminars & Conferences International Organization of Motor Vehicle Manufacturers) Auto Trade dialogue Styling & Design conclave and Automotive Design Challenge Exhibition area 64,000 sqmts Special Pavilion Vintage Car Display Number of Vehicle Exhibitors Hybrid Electric Mobility World 55+ Other Activities Total Vehicle Launches SIAM Anti-counterfeiting Campaign Indian - 44 Safety Ride Programmes Global - 26 Test drive of vehicles Driver Training Programmes Total Number of Vehicles
    [Show full text]
  • Maruti Auto Expo
    MMaarutrutii AutAutoo EExpoxpo’’0088 IIntntroroducducttioionn Maruti Suzuki India ltd. Maruti is India's largest passenger car company, which account for over 50 per cent of the domestic car market. Maruti have a sales network of 562 outlets in 372 towns and cities, and provide maintenance support to customers at 2538 workshops in over 1200 towns and cities (as on December 31,2007). The company boasts about its products, which offer unsurpassed fuel efficiency, low maintenance costs and easy availability of genuine parts. MUL extended its product range to include vans, multi-utility vehicles (MUVs) and mid- sized cars. Suzuki saw its Indian sales rise 21 per cent to 653,000 cars Of the $3.5 billion Suzuki plans to spend on its expansion in India MUL’s Competitive Advantage Size Low Initial investment Unique concessions from the government Indigenous sourcing of components Fully depreciated plants High labour productivity Maruti Suzuki ranks highest in customer satisfaction with authorized dealership service Maruti models Comparing Maruti 800 and Tata Nano Maruti Suzuki India Limited has showcased three concept cars at the Auto Expo 2008 • Concept A-Star, • Concept Splash and • Concept Kizashi Concept A-Star It is a concept car because it is for the first time that Suzuki has premiered a concept in India. It is the first Japanese-Indian concept vehicle. Segment: A (currently Alto is the market leader in this segment. Expected price: A-star is expected to be priced around the 3-4 lakh range($7500) Competitors: Chevrolet Spark and the Hyundai i10. Segmentation,Targeting and Positioning Segmentation DEMOGRAPHIC: A) Age- 20-34 B) Gender- Male, Female C) Family size- 3-4 , 4+ D) Income - RS 20000-30000, 30000-50000, 50000 and above.
    [Show full text]
  • World Car Finals February 5 - April 16, 2019
    WORLD CAR FINALS FEBRUARY 5 - APRIL 16, 2019 INTRODUCTION PETER LYON - CO-CHAIRMAN, WORLD CAR AWARDS PROGRAM Belated greetings to 2019 and welcome to the celebratory The journey kicked off at the London Motor Show last climax of the Road to World Car, an annual journey that May when jurors started to drive and evaluate the 2019 follows our 80-plus jurors as they test-drive this season’s contenders. The World Car Awards then moved onto the eligible vehicles in the lead-up to the all-important dual Paris Auto Salon for the official World Car program launch online voting sessions in January and February. in October. We are just a few days away from the Top Three in the World As the highlight of our juror vehicle evaluation, the 5th finalist announcement on March 5 inside the Brembo stand annual “L.A. Test Drives” event, hosted by ZF, took place at the Geneva Motor Show; a prelude to the high profile in November in Pasadena and included drive routes along grande finale prize-giving awards ceremony that will open the well-known Angeles Crest Highway. It was attended by the New York International Auto Show on April 17. a record 48 jurors driving 38 eligible vehicles over 6 days. 1 With cars from the U.S., Germany, Japan, Korea, Sweden, Italy and Britain, our jurors were able to drive a large variety of contenders back-to-back with competitors that may not have been available in their home markets. World Car also made a stop in January in Las Vegas at the Consumer Electronics Show where our director Tim Stevens moderated a panel discussion titled ‘The Intersection of Consumer and Automotive Tech,’ hosted by ZF at their stand.
    [Show full text]
  • Tristone-Press-2020 Tristone Flowtech Group Participation On
    February 12, 2020 Press Communication Tristone Flowtech Group reports yet another successful participation in the 15th Auto Expo Components Exhibition at New Delhi, from February 6-9, 2020 at the Pragati Maidan As one of the market leaders in his business segment, Tristone Flowtech Group has successfully expanded its customer support network and operations from the European region also to the region of India, which will be the 5th biggest economy in the world in 2020.The company is already present in India at Pune, with a well-established plant, catering to Engine Cooling solutions with products like hoses, surge tanks, resonators. Tristone exhibited current and future technical solutions in the areas of engine & battery cooling solutions. Demonstrative working models of innovative battery cooling solutions for hybrid cars was one of the highlight of the stand. Even though the average footfall in the Auto Expo Components 2020 show appeared lower than the previous years, over 70 visitors from Local OEMs like Maruti Suzuki India Limited, Mahindra & Mahindra, Tata Motors and Hyundai India as well as Global OEM´s used the opportunity to visit the Tristone stand and discuss about the product offerings, its technological advantages, together with the newest developments in engine and battery cooling applications. The visitors expressed keen interest with specific questions covering future e-Mobility solutions from Tristone towards hybrid and e-vehicles and usage of plastic pipes in place of metal / rubber. Enhancing the global support towards the local entity, Tristone Flowtech India Pvt. Ltd. experts from the Headquarters in Germany were also present to inform the overall 150+ visitors to the Tristone stand, about the Tristone product portfolio and newest design activities.
    [Show full text]
  • Daimler Annual Report 2010 Innovation from Tradition
    Financial Calendar 2011 Key Figures Annual Press Conference Daimler Group February 16, 2011 2010 2009 2008 10/09 Analysts’ and Investors’ Conference Call Amounts in millions of euros % change February 16, 2011 Revenue 97,761 78,924 98,469 +241 Presentation of the Annual Report 2010 Western Europe 38,478 36,458 46,276 +6 March 2, 2011 thereof Germany 19,281 18,788 21,832 +3 NAFTA 23,582 19,380 23,243 +22 Annual Meeting thereof United States 20,216 16,569 19,956 +22 April 13, 2011 Asia 19,659 12,435 13,840 +58 10:00 a.m. CEST | 4:00 a.m. EST thereof China 9,094 4,349 3,226 +109 Messe Berlin Other markets 16,042 10,651 15,110 +51 Employees (December 31) 260,100 256,407 273,216 +1 Interim Report Q1 2011 Investment in property, plant and equipment 3,653 2,423 3,559 +51 April 28, 2011 Research and development expenditure 4,849 4,181 4,442 +16 thereof capitalized 1,373 1,285 1,387 +7 Interim Report Q2 2011 Cash provided by / used for operating activities 8,544 10,961 -786 -22 July 26, 2011 EBIT 7,274 -1,513 2,730 . Value added Interim Report Q3 2011 (including discontinued operations) 2,773 -4,644 -1,147 . October 26, 2011 Net profit/loss 4,674 -2,644 1,414 . Net profit/loss from continuing operations 4,674 -2,644 1,704 . Earnings/loss per share (in €) 4.28 -2.63 1.41 . Earnings/loss per share, continuing operations (in €) 4.28 -2.63 1.71 .
    [Show full text]
  • HCIL Announces Its Theme and Displays for the Auto Expo 2016
    HCIL announces its theme and displays for the Auto Expo 2016 India Premiere of New Generation Crossover Utility Vehicle Honda BR-V New Delhi, January 13, 2016: Honda Cars India Ltd. (HCIL) today announced its lineup of production and concept-models to be exhibited at the Auto Expo 2016 – The Motor Show that will be held at the India Expo Mart, Greater Noida (Press days: Feb 3-4, 2016, Public days: Feb 5- 9, 2016). The new generation Crossover Utility Vehicle Honda BR-V will make its India Premiere at the motor show. Honda BR-V features the combination of bold, sporty appearance and handling of an SUV and spacious cabin of a Utility Vehicle. Also on display will be the latest generation of premium sedan Honda Accord. The BR-V and Accord together would be the key models slated for launch in India in future. With the booth concept of “Accelerate with Honda”, HCIL will showcase a wide range of exhibits including models that will be launched in India in future and racing machines that pursue excellence in driving performance. The much loved Honda ASIMO (Advanced Step in Innovative Mobility) is the world’s most advanced humanoid robot and will enthrall the audiences at the motor show showcasing cutting-edge agility and intelligence technologies. <Key models on display> National Premiere Racing Machine Honda BR-V McLaren Honda MP4-30 Concept Models Exhibition Models Honda Project 2&4 powered by RC213V Honda Accord Honda Jazz Racing Concept ASIMO Goldwing Production Models Brio, Jazz, Amaze, City, Mobilio, CR-V About Honda Cars India Ltd Honda Cars India Ltd., (HCIL) leading manufacturer of passenger cars in India was established in December 1995 with a commitment to provide Honda’s latest passenger car models and technologies, to the Indian customers.
    [Show full text]
  • Legendary Jeep® Brand Enters One of the World's Largest Automobile
    Legendary Jeep® Brand Enters One of the World’s Largest Automobile Markets Jeep® Wrangler Unlimited, Jeep Grand Cherokee and Jeep Grand Cherokee SRT make their Indian debut at the 2016 Auto Expo in New Delhi Jeep brand sales in India to start in mid-2016 Introduction comes at a time of record worldwide sales for Jeep and continued global expansion New Delhi, February 3, 2016 – The growing international presence of the Jeep® brand marked another milestone today when the brand was introduced to India at the 2016 Auto Expo in New Delhi. With a line-up of three SUVs – Jeep Wrangler Unlimited, Jeep Grand Cherokee and the high- performance Jeep Grand Cherokee SRT – Jeep brand sales in India will start in mid-2016, a year that also marks the brand’s 75th anniversary. “Our aggressive expansion in international markets is one of the key drivers behind our current global sales momentum,” said Mike Manley, Head of Jeep Brand, FCA, and Chief Operating Officer (COO) of the Asia Pacific (APAC) Regional Operations Group. “Last year, we started local production in Brazil and China, and today, we are launching the Jeep brand in the fifth largest market in the world, India, setting the foundation for our future growth in this country.” The Jeep brand arrives in India at a time of record sales and continued expansion into markets outside its North American home. Jeep recorded sales of more than 1.2 million units worldwide in 2015 – the highest total in its 75-year history – setting a global sales record for the fourth consecutive year.
    [Show full text]
  • Automobile Manufacturers ANNUAL REPORT 2019-20
    SIAM Society of Indian Automobile Manufacturers ANNUAL REPORT 2019-20 Re-Building the Nation, Responsibly 1 SIAM Society of Indian Automobile Manufacturers ANNUAL REPORT 2019-20 CONTENTS President’s Message 6 About SIAM 13 Performance of the Automobile Industry in 2019-20 14 Global Auto Industry Performance in 2019 17 Re-Building the Nation, Responsibly 19 SIAM Annual Activities & Milestones 20 SIAM 59th Annual Convention 2019 22 Auto Expo – The Motor Show 2020 24 Economic & Commercial Affairs 27 Technical Affairs 53 Initiatives of SIAM – SAFE 85 SIAM Councils & Groups 2019-20 88 SIAM Executive Committee 2019-20 95 Past Presidents 96 SIAM Members 97 Linkage with other Institutions in India 99 Overseas Linkage 100 PRESIDENT’S MESSAGE Dear Colleagues, It has been a tough ride for the Indian Automobile industry, with sales sharply declining by about 18% in 2019-20 over 2018-19. The Commercial vehicle sector was the worst hit with about 29% drop in sales in 2019-20. The lower performance of 2019-20 can be attributed to poor customer sentiments, liquidity crisis, higher cost of acquisition due to new safety and environment regulations, including BS IV to BS VI transition, higher upfront insurance premium, lower demand of CVs due to change in Axle weight norms, amongst others. However, the impact of COVID-19 and consequent lockdown since March 2020, has resulted in further plummeting of sales very sharply, in the last four months. Passenger Vehicles and Two-Wheelers have seen more than 60% drop in sales during April to July 2020, compared to the previous years. However, sales of Three-Wheelers have dwindled by more than 87%.
    [Show full text]
  • Honda Motors India: the Fight for Market Share
    International Journal of Advance Research In Science And Engineering http://www.ijarse.com IJARSE, Vol. No.4, Special Issue (01), March 2015 ISSN-2319-8354(E) HONDA MOTORS INDIA: THE FIGHT FOR MARKET SHARE Atul Gupta1, Rahul Jain2, Aditi Jain3 1, 2 School of Business and Economics, Lynchburg College, USA 3Lady Shri Ram College for Women, University of Delhi, (India) I. INTRODUCTION Hironori Kanayama, President and CEO of Honda Motors India, was on the flight back from the Auto Expo in India. He pondered how the event went and where Honda Motors India was headed in the future. Honda Motors was trying to gain market share in the India Auto Industry. The industry was experiencing a current slowdown. Recent events had given the Honda Motors executives reasons to think that they could be in position to take more market share. Hoping to jump start the market, Honda had a big showing at the Auto Expo that was held in India on Feb 7 2014. They also hoped that the recent legislation by the government of India, which approved an easement on the excise duty, would also help boost sales. Hironori Kanayamaalso faced many challenges in the Indian market. The debate continued on how the middle class would affect the auto industry. Hironori Kanayamaalso noted that other forms of transportation could be preferred by many in India. Honda Motors needed a plan that would position Honda automobiles for the most market share. To accomplish this Honda needed to act fast and take advantage of the current and future market conditions. II.
    [Show full text]
  • 12Th AUTO EXPO: RARE SPARKLE in GLOOMY MARKET ENVIRONMENT
    EVENT AUTO EXPO 2014 12th AUTO EXPO: RARE SPARKLE IN GLOOMY MARKET ENVIRONMENT Chevrolet Adra Concept With automobile sales failing to lift market spirits for over a year, the biennial Auto Expo spectacle in New Delhi in early February, was being looked upon as an opportunity to revive lost momentum, and regain wavering confi- dence among vehicle and component manufacturers. Growing demand for space at the earlier venue meant the event had to be split – the Motor Show went to the Expo Mart at Greater Noida, while the Components show stayed at Pragati Maidan. Jointly organised by the Automotive Component Manufacturers Associa- tion (ACMA), Confederation of Indian Industry (CII) and the Society of Indi- an Automobile Manufacturers (SIAM), this year’s show – 12th since it start- ed in 1986 – put all speculations to rest about the viability of holding two separate events, with both the manufacturers and suppliers expressing satisfaction about the way the shows were organised and business was conducted. Through this report, we bring to you a summary of the trends and devel- opments that both the shows highlighted. Volkswagen Taigun Concept 44 www.autotechreview.com AUTO EXPO 2014 – MOTOR SHOW Over 5.6 lakh visitors thronged the India Expo Centre and Mart at Greater Noida, venue for the Auto Expo – Motor Show, which saw almost 50 companies across all automotive segments showcasing and launching products. The average footfall of over 100,000 people every day only reflects the continued enthusiasm of the Indian population for automobiles. TRENDS AT THE SHOW Like most major automotive shows, the 12th Auto Expo too highlighted some pre- sent as well as upcoming trends for the Indian market.
    [Show full text]