March 2005
http://www.dieselnet.com/
Car, component makers investing in India
The growing Indian market continues to attract attention of car and
components makers. With a population of more than 1 billion, India
has experienced strong economic growth, exceeding 8% in 2004. The
automobile market progressed by 68% between 1998 and 2003, reaching
1,040,000 vehicles in 2004 with a marked preference for small and
medium segment cars. In the current fiscal year (ending on March 31)
India's car market grew some 16-17% until February, down from 25- 27%
last year.
+ Renault starting joint-venture in India
Renault and India's Mahindra & Mahindra Ltd. have signed a framework
agreement for setting up a joint venture in India, Mahindra Renault
Ltd, with Mahindra holding a 51% share and Renault 49%.
The agreement provides for the manufacture and sale of Renault Logan
in the Indian market from 2007. The estimated project amount will be
€125 million for a production capacity of 50,000 cars per year. Logan
will be marketed under the brand of Mahindra Renault.
http://www.media.renault.com//data/doc/mediarenaultcom/en/9307_CP_Ind
e_21_mars_GB_8h12.pdf
+ Bosch expanding common-rail manufacturing
Bosch sees future growth opportunities in India with high-pressure
diesel injection technology. Between 2004 and 2007, the Bosch Group
plans to invest some €180 million (INR 10 billion). Of that amount,
some €100 million (or INR 5.5 billion) has been earmarked for the
establishment of manufacturing, development, and applications
facilities for common-rail direct injection systems in Bangalore and
Nashik. Over the next 8 to 10 years, Bosch expects the share of
diesel engines in India featuring common-rail injection technology to
rise from the current single-digit figure to 60%.
In fiscal year 2004, sales of Bosch Indian subsidiary Motor
Industries Co. Ltd. (Mico) rose by 23% to nearly €420 million. Mico
employs 10,000 associates at four locations in India.
http://www.bosch-presse.de/TBWebDB/bosch-ptj/en-US/PressText.cfm?id=2
245
+ Maruti to develop diesel car engines
India's Maruti Udyog will develop its diesel engine by the end of
2006, reports Reuters. Maruti, which is 54.2% owned by Suzuki, will
develop the diesel engine using a license Suzuki acquired from Fiat.
Maruti, India's largest car maker, has been traditionally relying on
gasoline engines, while competitors like Tata Motors and foreign
suppliers have been increasing their diesel sales. Maruti, who
currently imports diesel engines, has a small market share in diesel
cars.
http://www.reuters.com/newsArticle.jhtml?storyID=7982483
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