HSCI MAY FORAY INTO SMALL CAR SEGMENT
Article Abstract:
Honda Siel Cars India (HSCI) manufactures the mid-size car, the City. It has proposed to enter the small car segment in India. By January 1999, a final decision on the new model will be taken. Two special editions of the City model will be made soon. The sales of HSCI in its first year of operations have fallen by 50 percent due to the recession in the mid-size car segment. The sales target for 1998-99 has also been reduced to 12,000-13,000 cars compared to the earlier target of 20,000- 25,000 vehicles. (gsh)
Comment:
Proposed to enter the small car segment in India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SPENDER IS MD OF MFIL
Article Abstract:
Mr Philip G Spender has taken over as the new managing director of Mahindra Ford India Ltd (MFIL) from January 1999. He replaces Mr John Parker. Mr Spender will be responsible for developing the supplier base and for the launch and marketing of MFIL's small car, Fiesta from its unit at Maraimalainagar. He has been employed at Ford's plant in Australia for 24 years. He has also been involved in developing global manufacturing practices and new car launches. (um)(vr)
Comment:
Mr Philip G Spender has taken over as the new managing director of Mahindra Ford India Ltd (MFIL) from January 1999.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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KINETIC HOLDS CITY, GOES FOR BATTERIES
Article Abstract:
Kinetic Engineering Ltd has decided to postpone the launch of its 500 cc petrol car, Kinetic City by about 6-8 months. Kinetic Engineering Ltd has instead decided to launch a battery operated car by the end of 1998. The car is expected to run for about 1600 kilometres without recharging. This decision has been taken as battery operated cars are exempt from excise duty. (khr)
Comment:
Decides to postpone the launch of its 500 cc petrol car, Kinetic City by about 6-8 months
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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