I N D I A ’ S N O . 1 M A G A Z I N E F O R A U T O M O T I V E N E W S , V I E W S & A N A LY S I S
Auto Monitor Vol. 11 No. 02
w w w. a u to m o n i to r. co . i n
1-15 February 2011
48 Pages
INTERVIEW RECOVERY IN COMPONENT DEMAND FROM EUROPE IS STILL BELOW PEAK CAPACITY LEVEL Hemant Luthra, President, Mahindra Systech, Mahindra & Mahindra
NEWS IN BRIEF Vinod Dasari to take over as ALL MD Vinod Dasari will take over as the Managing Director of Ashok Leyland (ALL) with effect from April, 2011. Dasari is currently the Chief Operating Officer and a whole-time Director of the company. The current MD, R Seshasayee will take over as the Executive Vice-Chairman. Seshasayee has been the Managing Director at ALL since 1998 and his current term was due to expire in March. Dasari joined ALL in 2005 from Cummins India where he served as Joint MD. He began his career with GE and has worked at Timken for two years as President, Global Rail division and MD, Timken India. ALL ended the nine-month period ended December 2010, with sales revenue higher by 69 percent at `7,289.18 crore (`4,312.84 crore). Net profit was also up 66 percent at `333.07 crore (` 201.01 crore). Q3 revenues grew by 22.5 percent to touch `2,227.25 crore (`1,817.49 crore). Net profit for the quarter, however, slipped by 59 percent at ` 43.37 crore (` 104.63 crore).
DATA MONITOR Domestic Top 5 PV-makers Sector
Dec-09
Dec-10
Change
MSIL
71,000
89,469
26.01%
HMIL
22,252
26,168
17.60%
TML
18,863
24,592
30.37%
M&M^
11,872
15,131
27.45%
GMI
8,226
8,425
2.42%
Domestic Top 5 2W-makers Sector
Dec-09
Dec-10
Change
HHML
368,034
488,889
32.84%
BAL
146,407
165,470
13.02%
TVS
102,479
149,357
45.74%
HMSI
110,282
130,128
18.00%
IYM
13,611
26,567
95.19%
Domestic Top 5 CV-makers Sector
Dec-09
Dec-10
Change
TML
27,000
37,100
37.41%
M&M
7,373
9,730
31.97%
ALL
5,533
6,411
15.87%
VECV Eicher
2,378
3,426
44.07%
FML
1,041
1,486
42.75%
* Source: SIAM/ ** Excluding exports/ *** all sub segments considered/ ^ excluding MRPL
` 50/-
TECHNOLOGY THE LOTUS APPROACH FOR ENHANCING VEHICLE Pg 14 DRIVING DYNAMICS
Pg 08
M&M expands utility vehicle portfolio, launches Genio Our Bureau Mumbai
M
ahindra & Mahindra launched the Genio, a 1.2 tonne pick-up, at `4.99 lakh (BS-3 variant, ex-showroom Navi Mumbai). The pick-up, based on the Ingenio platform, is targeted at the small and medium businesses transportation needs. The BS-4 compliant version would also be available in due course. The Genio will be manufactured at the Chakan facility and is equipped with CRDe engine providing 75 HP power and 220 Nm torque. It would require oil change after around 20,000 kms. It is equipped with LSPV brakes, which adjusts the braking pressure depending on the load of the vehicle and SLR seat belts for the safety of the driver and the codriver. Currently, it is available across 70 dealerships and from mid February it would be available across Mahindra dealerships on a pan India basis. The Genio offers several utility features including a floor console with a mobile charging point, a bottle holder, a coin holder, a wallet case and a mobile case
Dr Pawan Goenka, President, Automotive & Farm Equipment Sectors, Mahindra & Mahindra
and a glove box. It has the turning radius of 6.15 metres enhancing manoeuvrability in city traffic conditions. It is available in four colour options – silver shine (metallic), diamond white, mar-
vel granite and skyline blue. ‘The Genio is an ideal vehicle for businessmen, traders and SMEs. We are targeting the last mile connectivity in the logistics space,’ said President, Automotive &
Avtec to manufacture gensets and gears components Nabeel A Khan New Delhi
A
vtec is planning to enter gensets and off-highway segments by setting up dedicated lines at the company’s Pithampur facility. ‘We will be manufacturing gensets and offroad engine components from our Pithampur plant and we are looking to notch around `400 crore turnover from these new businesses over the next two to three years,’ said Chief Executive Officer and Managing Director, Av tec, Prabha kar Kadapa in a recent interaction with Auto Monitor. The company currently earns
around 60 percent of revenues from automotive and 40 percent from off-highway segments. ‘We are entering into a new segment of gears and gear boxes for off-highway equipments. The gensets are targeted at various applications including powering air-conditioning for buses,’ he elaborated. He added that the company will also be supplying engines for Daimler’s new LCV expected to be launched in the fi rst half of 2012. Avtec is looking at a 40 percent growth over the next two to three years with a target of touching `1,400 crore revenues by 2013. The company is also planning to diversify into aerospace busi-
ness and is aggressively looking for acquisition opportunities in India and overseas, according to Kadapa. The company notched up a turnover of `500 crore in FY10 and is on track to touch `600 crore this fi scal. It is expected to achieve `1,000 crore in FY12 and `1400 crore by FY 13. ‘We are looking at ramping up capacities further and entering new product lines to realise our growth plans,’ Kadapa said. Avtec is a part of the CK Birla group with interest in automobiles, bearings, powertrain for auto and off-highway segment. The company currently has four
CHENNAI
11 - 13 Mar 2011 Chennai Trade Centre 9920401226 | www.engg-expo.com
Contd. on P22
Farm Equipment Sectors, M&M, Dr Pawan Goenka. The pickup segment is around 6,500 units per month in India and growing at a double digit rate, according to the company estimates.
Hispano bags bus order from Avanza Group
T
ata Hispano Motors Carrocera SA, Tata Motors’ subsidiary in Spain, has won the order for supplying around 500 buses over the next three years to the Avanza Group, a private passenger transportation group in Spain. The order includes the Intea Premium and the Intea low entry buses for medium and suburban routes, the Xerus for long distances routes and the Area and the Habit for urban transportation routes. The buses for medium and long distance routes include air conditioning, LED light, heating system, audio video system, multiplex system and door safety systems.