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Old 8th September 2006, 13:54   #1
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Default Its raining money in Indian Auto industry

Nissan is putting in 3000cr in maruti to set up new plant:
http://www.iht.com/articles/2006/09/...g/sxsuzuki.php

Tata is going to invest 12,000 crore in the next few years. Yes the number is 12K crore
http://news.google.co.in/news/url?sa...cid=1109364015

Honda and toyota will invest around 200 million $ for their small car plans and increasing capacity
http://www.business-standard.com/com...o=104052&tab=r

Hyundai is planning to increase percentage of exports from 33% at present to 50% by 2008
http://news.google.co.in/news/url?sa...cid=1109356653

Mahindra and Mahindra are going to invest 550cr
http://www.themoneytimes.com/article...id-101152.html

Looks like the only guys not in the party are the Americans, though Ford India sales have looked up 89% due to Fiesta. Also Ford believes that demand for small cars will slow down when we have better roads. In other news pigs were seen flying over New Delhi
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Old 8th September 2006, 14:41   #2
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Theres more to it...surprisingly Maharashtra is back in the race, after our state was pushed out (rightly so) by several MNCs due to unstable and incompetent political leaders. The Enron scandal only pushed the nail further.
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Old 8th September 2006, 14:47   #3
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Yup the sector suddenly seems to have taken off and taken everyone by surprise. A lot of capacity is being built with brands like BMW also setting up plants here. Let's see if this translates into better products for us with the lastest engines & other features especially safety features being introduced on products sold to us....

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Originally Posted by tsk1979
Looks like the only guys not in the party are the Americans, though Ford India sales have looked up 89% due to Fiesta. Also Ford believes that demand for small cars will slow down when we have better roads. In other news pigs were seen flying over New Delhi
HAAHAHAH Well put TSK!! I too seriously doubt Ford's claim on this and in any case better roads & highways are still a while away. GM too is going down the wrong route and the recent spate of products from them have had serious flaws which is hindering their progress in the market. Now the next launch is the Spark and they are going to be betting big on it but I have serious doubts about the car. Major issues i can see are a good powertrain, quality esp. interiors & of course GM's achilles heel, Pricing.
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Old 8th September 2006, 14:49   #4
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Yes it is indeed ironic. Until a few years ago, maharashtra was the role model for other states. It was the hub of industry with every major manufacturer setting up there.
Now the preffered destination is either Tamil Nadu or Andhra.
Even historically industry unfriendly states(read agricultural) like punjab are looking up with companies mooting to get there.
Soon maharashtra may have only have bollywood and the financial capital of India to boast off, but the way delhi is attracting invetments nowadays(delhi means NCR like noida/gurgaon) it may be stripped of that too.
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Old 8th September 2006, 15:36   #5
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Quote:
Originally Posted by tsk1979
Soon maharashtra may have only have bollywood and the financial capital of India to boast off, but the way delhi is attracting invetments nowadays(delhi means NCR like noida/gurgaon) it may be stripped of that too.
Financial capital of India? I doubt! NCR is going ahead like anything.
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Old 8th September 2006, 15:41   #6
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Look at the ground realities.
Mumbai suffers from crumbling infrastructure and insane living costs.
Compare that to Delhi. Being the capital ensures it has unlimited funds for roads/flyovers/metro etc.,
This is how migration happens.
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Old 8th September 2006, 18:59   #7
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Also, mumbai is the worst place when it comes to safety! blasts anytime anywhere anymoment! while Delhi is still quiet safe in these matters.

This is nice to see so much money being invested in the Indian Auto Industry, as in the longterm india is bound to be one of the major Export hub for major "mass volume" manufacturers.
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Old 8th September 2006, 19:27   #8
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MH is definetly back in the race. GM's plant #2 is coming up in Pune and that is where the Matiz/spark will be built.
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