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ADVT : TIMES OF INDIA
DATE : 24/12/2008
YAMAHA R15
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Friday, June 20, 2008
The Tip
Drive safe in the rains
• You must always keep some emergency supplies at hand in your car during the rainy season.• Always carry a flashlight, as well as a first-aid kit. These don’t take up much room but they can be real lifesavers in an emergency.
• Make sure to include blankets, a portable shovel and material for traction, a change of clothing, with an extra pair of shoes too.
• Think safe. Once in your car, make sure your doors are locked.
• Take note of your surroundings and be aware of where you are by recalling street names or landmarks. This is important if you get stuck somewhere.
• If you have symptoms of car trouble, act before it escalates to more than symptoms. Pull into a well-lit, preferably populated, area for help.
• Beware of people masquerading as volunteers or police officers, especially those not wearing a badge and in unmarked cars.
• Experts suggest that you instead travel directly to a police station and park in a well-lit area, using your horn to summon officers inside.
• If you suspect you are being followed, seek out a police station, too.
• Do not go home and direct any stalker there. And, don’t leave valuables in your car, that’s a must.
• Use a steering lock, and don’t put your name and address on your key ring, that’s just asking for trouble. @ Approach your vehicle purposefully, ready to unlock and get inside.
• Make sure to glance around to see that no one close to or inside your car.
• If you suspect something, return to your the place you started off from and ask someone to walk you back to your car.
ADVT : TIMES OF INDIA
DATE : 18/06/2008
Leyland may sell Nissan JV stake to shareholders
Leyland may sell Nissan JV stake to shareholders
Co Had Committed Rs 600Cr For LCV Biz
Mumbai: Hinduja flagship company Ashok Leyland is examining options to sell some of its stake in its joint venture with Nissan to its shareholders.“We are examining the option of giving a stake in the Nissan joint venture to our shareholders,’’ Ashok Leyland CFO K Sridharan told reporters.
Last year, the company had entered into a joint venture with Nissan Motor to form three companies supporting the light commercial vehicle business.
Both the players would invest Rs 2,400 crore in the joint venture. The debt-equity ratio of Rs 2,400 crore would be 1:1. The equity of Rs 1,200 crore would be invested by both the players equally.
Of the Rs 600 crore that Ashok Leyland is going to invest, it may give a stake to its shareholders. Ashok Leyland is 51% owned by Hinduja Automotive.
For this financial year, the company has planned a capital expenditure of Rs 1,400 crore for capacity expansion.
“We would be investing Rs 3,000 crore in the next three years as capital expenditure,’’ Sridharan said.
Presently, its capacity is running at 100% producing 84,000 units. It wants to increase its capacity to 1,84,000 vehicles by 2010.
The company is setting up a facility in Ennore with a capacity for 50,000 engines and gear boxes. It is expected to be commissioned by October 2008.
“The Ennore capacity will also achieve 100% capacity once it is operational,’’ he said.
So the company is setting up another facility in Uttarkhand to make 50,000 modules, which should be commissioned by October 2009, he said. AGENCIES
Advt : Times of India
Date : 18/06/2008
Q & A
‘We see a future for small cars in developed markets’
It is a coming of age for the small car. Just as India and the world focus on ultra-cheap cars, the original small car seems to be acquiring a big status globally as more and more people choose to drive small. Importantly, the trend is catching up in Europe and the US. Uwe Achterholt, global head of automotive practice for consultancy major KPMG, speaks with Pankaj Doval:
Is the small car phenomenon restricted only to emerging markets like India or is it spreading to the developed markets?
Probably yes, though the definition of small may be different in different markets. In the US, it is happening more due to concerns on fuel price, but it is environment and sustainability issues in markets in Europe, China and India that is fuelling small car growth.
What is the reason for this trend in developed markets?
The next generation is not so emotional about cars like, maybe, we were. Things like brand, luxuries were important for us but the new generation thinks different. They do not think much about them and see the car more of a commodity to take you from point A to point B comfortably. Therefore, we see a future for small cars in developed markets as well. For example, in Germany people above 40, like me, are brand oriented. But it is more of those in their twenties and thirties who are thinking otherwise — where should i invest my money, for a more fancy car or for a flat. A lot of these guys prefer to invest in other areas than just a car.
So, would you say that premium cars’ sales are under threat?
No, we will always have the premium segment, but there will be a growing low-cost car segment. The premium cars will not disappear. But overall, the trend will be guided by ‘what do i really need instead of what can i afford’. That’s a major change. People are not willing to accept a less safe car, but some are willing to miss fancy features like electrical seats, seat heating or navigation system. So there is room to save money, which can also be probably achieved with less fancy design as a huge portion of production cost for a car goes on design.
There has been talk of a slowdown in the global auto industry. How do you see the health of the industry?
Initially there was a lot of optimism, at least till the fourth quarter of last year. This was even in the US. But after the subprime crisis, there is a total turnaround in the last three months and there is now pessimism. US and other mature markets are not performing well and we see an actual downturn coming. The BRIC markets (Brazil, Russia, India and China) will be the ones to see growth, though it may again be less than they could do.
ADVT : TIMES OF INDIA
DATE : 18/06/2008
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