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HSCI registered 11% increase in sales in December 2009

Sunday, January 3rd, 2010

Honda Siel Cars India (HSCI) Ltd., leading manufacturer of premium cars in India, sold 4,061 units and registered growth of 10.71% increase in sales in the month of December 2009 as against 3,668 units sold during the corresponding month last year.

The cumulative sales of the company during the fiscal year period April-December’ 09 was 43,626 units as against 33,700 units sold during the same period last year marking an increase of 30% in sales.

Model wise sales break-up: City: 3269; Jazz: 269; Civic: 363; Accord: 113, CR-V: 47

Source: http://www.hondacarindia.com/mediaCenter/view_press_releases.aspx?pr_id=191

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Honda Siel Cars India signs MoU with Axis Bank for Channel Finance programme

Thursday, December 31st, 2009

Honda Siel Cars India Limited, leading manufacturer of premium cars in India today announced the Channel Finance Programme in partnership with Axis Bank, India’s third largest private bank. With this arrangement, Axis Bank has become one of the preferred channel financiers of Honda Siel Cars India (HSCI) Limited.

An MoU has been signed between HSCI and Axis Bank on 10th December 2009 whereby Axis Bank has approved a line of credit for financing the dealers of Honda Siel under Channel Financing of Inventory Funding for Dealer Vehicle Stocks along with Retail Financing of Auto Loans.

Axis Bank has stepped up loan disbursal in the auto sector and is looking to corner a significant market share in the near term by leveraging its 938 branches spanning across 583 cities in India.

Commenting on the Channel Finance Programme Mr. S K Chakrabarti, Executive Director – Retail Banking, SME and Agri, Axis Banksaid “Our retail loans portfolio already comprises a large variety of products, which coupled with our strong distribution network, caters to a large part of the country. This agreement will further give us the opportunity to provide our customers more value added services at competitive rates and expose them to our various offerings. This partnership with Honda Siel will benefit the Honda Siel dealers’ network as well as the retail auto loan customers.”

Speaking on the occasion Mr. T. Natsume, Director – Marketing, Honda Siel Cars India Limited said, “With this tie-up Honda Siel and Axis Bank have agreed to pool their resources together to make accessible organized finance at competitive rates to our dealers and customers across the country for purchase of Honda cars.”

With a large customer base of more than 3.5 lakh customers, HSCI Limited has a strong sales and distribution network spread across the country. The dealership network includes 111 facilities in 66 cities.

About Axis Bank: Axis Bank is the third largest private sector bank in India. We offer a vast spectrum of services encompassing Large and Mid-Corporate Banking, SME Banking, Agri-Business Banking, Retail Banking and International Banking.

The Bank’s network in India spans 939 offices and over 3975 ATMs. The Bank has embarked on creating a footprint in Asia and today has a presence in the major financial cities of Singapore, Hong Kong, Dubai and Shanghai. In addition, the Bank has also entered into strategic tie-ups and alliances with partner banks in UAE, Doha, Muscat (to be launched) to reach out to the NRIs in these geographies.

The Bank has set up five wholly-owned subsidiaries, Axis Sales Limited, Axis Private Equity Limited, Axis Trustee Services Limited, Axis Asset Management Company Limited and Axis Mutual Fund Trustee Limited.

The Bank carries out its corporate social responsibility initiative through Axis Bank Foundation set up in 2006 as a registered public trust. Each year the Bank transfers 1% of its net profit for the previous year to the foundation.

Source: http://www.hondacarindia.com/mediaCenter/view_press_releases.aspx?pr_id=190

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Honda announces – World Premiere of Honda New Small Concept at Auto Expo 2010

Tuesday, December 29th, 2009

Honda Siel Cars India (HSCI) Ltd., today announced its plans for a World Premiere of the “Honda New Small Concept” at the 10th Auto Expo 2010 to be held in New Delhi starting from 5th January 2010.

Honda New Small Concept is a concept model of a new small-sized vehicle which Honda is currently developing especially for India and other emerging nations.

In addition to the Honda New Small Concept, Honda will also exhibit the CR-Z Concept 2009, a concept model for a new hybrid model, which was unveiled for the first time at the Tokyo Motor Show in October 2009.

With the booth concept of “Inspired by Dynamism – Truly Honda by Nature”, Honda will express its relentless dynamism to create cutting edge technologies and its commitment to protect the environment for future generations. True to its nature of challenging spirit and bringing together the seemingly incongruous ends, Honda will bring alive the theme of its booth through an attractive range of displays.

Honda will personify Human Dynamism in the form of the much-loved, humanoid Robot, the ASIMO. Besides enthralling the audiences at the Expo with its ability to walk forward and backward, climb stairs, the ASIMO will also show its advanced mobility capabilities through running in a circular pattern.

The special display zone named “Design Corner” will feature a glimpse of the elements involved in designing a car from scratch. This corner will also have contests for visitors where they would be asked to design futuristic cars of their choice.

Adding glamour and spunk to the Honda booth will be the ‘The Jazz Corner’ which will showcase Mugen fitted Honda Jazz in trendy colors.

An exclusive “Engine section” will feature the advances made by Honda in the engine technology realizing both superior power and low fuel consumption. Also on display will be Honda’s commitment to passenger and pedestrian safety through G-CON technology and safety features which come as standard on all Honda cars.

Apart from the new products Honda will also display its current refreshed range of cars which includes City 1.5 V, New Civic, Accord V6 and New CR-V.

Commenting on the displays Mr Tatsuya Natsume, Director – Sales & Marketing, Honda Siel Cars India Ltd. said, “At Honda, we believe in constant innovation to offer advanced technology that only makes our cars fun to drive but also addresses the ever increasing concern about the environment. Our displays at this year’s Auto Expo will focus on bringing alive the spirit of dynamism which is Truly Honda.”

Source: http://www.hondacarindia.com/mediaCenter/view_press_releases.aspx?pr_id=189

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Maruti Suzuki plans world premiere for first compact MPV Concept at Auto Expo 2010

Thursday, December 24th, 2009

India’s leading car manufacturer Maruti Suzuki India is all set for a world premiere of Concept R3, its first Compact Multi-Purpose vehicle concept, at the forthcoming Auto Expo 2010 in January.

The 6-seater Concept MPV is an all-new compact vehicle completely different from any of the existing cars from the Maruti Suzuki family and hitherto unseen at any auto international show. Concept R3 has been conceptualized, designed and built from the scratch by a team of talented Indian designers in India over a short time span of nine months. It represents the next level of skill enhancement of Maruti Suzuki engineers.

At Auto Expo 2010, India’s most-loved car company has decided to reciprocate its deep regards for the Indian consumer by adopting ‘Joys of Life’ as the overall theme of its show to celebrate 26 years of togetherness with India. The decision to unveil the Concept R3 for the very first time in India is a corollary of the same line of thought.

Maruti Suzuki Executive Officer (Marketing and Sales) Mayank Pareek said, “Over the years, Maruti Suzuki has ushered in millions of joyous moments in the form of delivering reliable products, offering prompt and careful after-sales services, and forging a long-term relationship with its valued customers. ‘Joys of Life’ as a theme celebrates this long history of the company’s customer-centricity in providing the joys of motoring, its pioneering ways, ingenuous strategies and constant innovation.”

The ‘Joys of Life’ concept, in fact, is an extension of the theme from the last Auto Expo in 2008, where Maruti Suzuki focused on ‘Colours of Life’. Both themes are in resonance with ‘Way of Life’, the parent Suzuki Motor Corporation’s global corporate philosophy. Appropriately, the ‘Joys of Life’ pavilion showcases the company’s wide range of products and services, and how these enable the company to delight the Indian and global consumer.

Maruti Suzuki will showcase an astonishing array of 17 vehicles. The display will also include new launches and cars such as the Suzuki Kizashi imported exclusively for the show.

The Maruti Suzuki ‘Joys of Life’ pavilion at Hall no.14 in Pragati Maidan, New Delhi, is the largest single-roof facility in the complex spread over an impressive 4,690 square meters. Visitors would experience the world of ‘Joys of Life’ from the moment they entered the Maruti Suzuki pavilion – a wonderland of a grand display of cars and exciting entertainment.

During Auto Expo 2010, the company looks forward to developing a still better understanding of the Indian consumers’ evolving lifestyles and choices, which will eventually help Maruti Suzuki to come up with new product concepts for a newer India. For Maruti Suzuki, twenty-six years is only the beginning: A beginning of a new era in automobiles, a new era in design, and a new way of life. Thus, the Maruti Suzuki ‘Joys of Life’ pavilion brings in the New Year with a proud past and a promise for a bright future.

Source: http://www.marutisuzuki.com/Maruti-Suzuki-plans-world-premiere-for-first-compact-MPV-Concept-at-Auto-Expo-2010.aspx

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OnStar Welcomes Its First Subscriber in China

Wednesday, December 23rd, 2009

Detroit – OnStar’s global expansion became a reality this week following Shanghai OnStar Telematics Co. Ltd’s activation for its first subscriber in China. Mr. Lu Jianping from Yangzhou, Jiangsu Province received his new Cadillac Seville SLS on December 20, 2009 and became the country’s first OnStar subscriber.

“We are so pleased to have Mr. Lu Jianping as our first subscriber in China, and we welcome him to the OnStar family,” said OnStar President Walt Dorfstatter. “After years of industry-leading innovation and phenomenal growth, we are proud to provide safety, security and peace of mind across the globe.”

Shanghai OnStar Telematics Co. Ltd., a joint venture between OnStar, LLC, (a wholly owned subsidiary of General Motors Company), Shanghai Automotive Industry Sales Co., Ltd (part of the SAIC Group) and Shanghai General Motors (SGM), became operational earlier this month. SGM began rolling out the OnStar service on Cadillac vehicles, and will eventually make this service available on its full portfolio of products.

OnStar provides the following 14 services in China.

OnStar:

  • Automatic Crash Response
  • Emergency Services
  • Automatic Airbag Response
  • Vehicle Diagnostics
  • On Demand Diagnostics
  • Good Samaritan
  • Stolen Vehicle Location
  • Remote Door Unlock
  • Remote Horn and Lights
  • Roadside Assistance
  • Hands Free Calling
  • Point of Interest
  • Turn-by-Turn Navigation
  • Destination Download

SGM provides one year of OnStar as standard to customers with OnStar equipped new vehicles. The service is available throughout mainland China and was launched in Mandarin Chinese.

OnStar was formed in 1995 to help make vehicle transportation safer. OnStar is the global leader in telematics with more than 5.6 million customers and 253 million customer interactions to date. Next year, OnStar will play an important role at the SAIC-GM Pavilion at the World Expo 2010 Shanghai where visitors will see a vision for personal urban transportation in the year 2030.

Source: http://publish.media.gm.com/content/media/us/en/news/news_detail.brand_gm.html/content/Pages/news/us/en/2009/Dec/1223_onstar

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