India Developing, but still a long way to go
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patentneer
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Kia, Changan, Beiqi Foton, Daihatsu and other car makers knocking on India's doors
MUMBAI: Half a dozen car makers making a beeline to enter India in the next 3-4 years including South Korea’s Kia Motor, Daihatsu from Toyota, PSA Group's Peugeot Citreon and three car makers from China, Beiqi Foton, SAIC and Changan Automotive, who are devising an India strategy to be part of market set to be the third largest in the world by the end of the decade. Eight people privy to the launch plans of these car makers ET spoke with said Kia Motor would be the first to announce its entry in India. The company is close to finalising the location in Andhra Pradesh for its plant and is set to launch its cars in India by 2019. Daihatsu and Toyota has just kicked off the emerging markets compact car company to plan products for the emerging markets like India while PSA Group will finalise its India partnership by 2018 with an eye on 2020-2021 roll-out. Chinese Beiqi Foton which originally acquired a land in Chakan, Pune, to enter the Indian commercial vehicle space, decided to shift focus and bring in passenger vehicles under Borgward brand. The company has already started discussing with vendors a plan to localise a large Van and clutch of SUVs in India by 2019-2020. Foton’s compatriot and rival Changan too is close to finalising the plant for India, likely to come up in Andhra Pradesh – in an around Sri City. Changan will be entering the fast growing B segment SUV space by 2019-2020 in India to take on Hyundai’s Creta and Maruti Suzuki’s Brezza General Motors’ Chinese joint venture partner, Shangai Automotive Industry Corporation or SAIC Motor Corporation Limited, is feverishly negotiating with General Motors India to acquire the latter’s Halol facility. The negotiation is expected to conclude soon. Gaurav Vangaal, senior analyst for forecasting at IHS Markit Automotive, said the Indian market will see cumulative 60 million cars hitting the roads in the next one decade and clearly they won’t be from the Maruti Suzuki and Hyundai stables alone. “With Chinese market correcting itself and a lot of matured markets seeing marginal growth, India is on everyone’s radar. Not only will the market expand, there will be more choices and the competition will further intensify, thereby making consumers the winner,’ said Vangaal. “As we have yet to formally announce any final decision to enter the Indian market, I am afraid that we cannot comment nor confirm any of the rumors as such,” said a spokesperson for Kia Motor. Emails sent to SAIC, Changhan and Beiqi Foton did not elicit any response. In a recent interview to ET, PSA Group Chairman Carlos Tavares had confirmed India is part of its Push to Pass mid-term plan. The company is learnt to have had talks with Mahindra & Mahindra, Tata Motors, General Motors India and Hindustan Motors for contract manufacturing in India. It is likely to produce cars on contract manufacturing but will sell the cars through its own independent outlets, said one of the eight people cited above. Once the partnership is finalised in 2018, PSA is likely to start selling cars by 2020-2021. Come October 2017, Indian safety standards are set to be overhauled, which will mandate a frontal and a side crash, making cars more safer and would have a fuel efficiency norm with star rating, which is in the pipelne and finally the biggest change in terms of stringent BS VI emission norms to be implemented by 2020, all this will align Indian market with global stage, which may have led to increased interest say experts. Shekar Vishwanathan, vice chairman, Toyota Kirloskar, told ET, it is not a surprise at all there are other brands who are eyeing India entry. “India is the most sought after market globally, our growth rates are very good in comparison with rest of the world. We are relatively under populated in cars. We do have an issue of congestion in cities. You would need different kinds of solution. Motorisation will surely grow,” said Vishwanathan.
(c) http://economictimes.indiatimes.com...king-on-indias-doors/articleshow/56320871.cms
Tata Xenon Yodha
- r8 from the getgo this is Tata's Toyota Hi-Lux killer app, good to see it get even better
(c) http://bsmedia.business-standard.com/_media/bs/img/article/2017-01/03/full/1483451282-9534.jpg
MUMBAI: Half a dozen car makers making a beeline to enter India in the next 3-4 years including South Korea’s Kia Motor, Daihatsu from Toyota, PSA Group's Peugeot Citreon and three car makers from China, Beiqi Foton, SAIC and Changan Automotive, who are devising an India strategy to be part of market set to be the third largest in the world by the end of the decade. Eight people privy to the launch plans of these car makers ET spoke with said Kia Motor would be the first to announce its entry in India. The company is close to finalising the location in Andhra Pradesh for its plant and is set to launch its cars in India by 2019. Daihatsu and Toyota has just kicked off the emerging markets compact car company to plan products for the emerging markets like India while PSA Group will finalise its India partnership by 2018 with an eye on 2020-2021 roll-out. Chinese Beiqi Foton which originally acquired a land in Chakan, Pune, to enter the Indian commercial vehicle space, decided to shift focus and bring in passenger vehicles under Borgward brand. The company has already started discussing with vendors a plan to localise a large Van and clutch of SUVs in India by 2019-2020. Foton’s compatriot and rival Changan too is close to finalising the plant for India, likely to come up in Andhra Pradesh – in an around Sri City. Changan will be entering the fast growing B segment SUV space by 2019-2020 in India to take on Hyundai’s Creta and Maruti Suzuki’s Brezza General Motors’ Chinese joint venture partner, Shangai Automotive Industry Corporation or SAIC Motor Corporation Limited, is feverishly negotiating with General Motors India to acquire the latter’s Halol facility. The negotiation is expected to conclude soon. Gaurav Vangaal, senior analyst for forecasting at IHS Markit Automotive, said the Indian market will see cumulative 60 million cars hitting the roads in the next one decade and clearly they won’t be from the Maruti Suzuki and Hyundai stables alone. “With Chinese market correcting itself and a lot of matured markets seeing marginal growth, India is on everyone’s radar. Not only will the market expand, there will be more choices and the competition will further intensify, thereby making consumers the winner,’ said Vangaal. “As we have yet to formally announce any final decision to enter the Indian market, I am afraid that we cannot comment nor confirm any of the rumors as such,” said a spokesperson for Kia Motor. Emails sent to SAIC, Changhan and Beiqi Foton did not elicit any response. In a recent interview to ET, PSA Group Chairman Carlos Tavares had confirmed India is part of its Push to Pass mid-term plan. The company is learnt to have had talks with Mahindra & Mahindra, Tata Motors, General Motors India and Hindustan Motors for contract manufacturing in India. It is likely to produce cars on contract manufacturing but will sell the cars through its own independent outlets, said one of the eight people cited above. Once the partnership is finalised in 2018, PSA is likely to start selling cars by 2020-2021. Come October 2017, Indian safety standards are set to be overhauled, which will mandate a frontal and a side crash, making cars more safer and would have a fuel efficiency norm with star rating, which is in the pipelne and finally the biggest change in terms of stringent BS VI emission norms to be implemented by 2020, all this will align Indian market with global stage, which may have led to increased interest say experts. Shekar Vishwanathan, vice chairman, Toyota Kirloskar, told ET, it is not a surprise at all there are other brands who are eyeing India entry. “India is the most sought after market globally, our growth rates are very good in comparison with rest of the world. We are relatively under populated in cars. We do have an issue of congestion in cities. You would need different kinds of solution. Motorisation will surely grow,” said Vishwanathan.
(c) http://economictimes.indiatimes.com...king-on-indias-doors/articleshow/56320871.cms
Tata Xenon Yodha
- r8 from the getgo this is Tata's Toyota Hi-Lux killer app, good to see it get even better
(c) http://bsmedia.business-standard.com/_media/bs/img/article/2017-01/03/full/1483451282-9534.jpg
patentneer
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Modinomics 101
Gujjus know business, here's hoping the trend will continue till budget surplus time !!!
Oh! Big mistake, Indian revenues re: indirect taxes and other surcharges like oil tax, etc. is still worth $ 100's Billions.
Govt. of India's yearly revenue mostly from Corp. and indirect taxes = $ 213.13
$ 213.13 - $ 348 = $ 135
$ 150
With a little bit of luck like Coal, Spectrum & Demonstration like above also add ~ $ 50 Billion. So managing ~ a nominal surplus of $ 15-$ 75/yr.-on-yr is manageable @ 1.25 Billion population (who don't pay taxes, then the overseas stash of $ 1.5 Trillion and double taxation treaties with large trade partners like in the past couple of yr.'s which got the govrt. about $ 100 Billion in hidden corp. taxes for eg. by routing investments, input, sales and services through Mauritius and Singaporean shell Co.'s)
Since all other indicators are in India's favour like booming sunrise export industries of pharma, software & IT, auto and auto parts and entrenched exports like gems and diamonds while imports totter, India's economic elephant has turned around.
- Total in US $ 229 Billion @ Rs. 68/$.
- Coal, Spectrum and other resources for eg. oil price crash
- Tax treaties with US, Singapore and major partners re: MNC operations, read cheating
- Demonitisation
Gujjus know business, here's hoping the trend will continue till budget surplus time !!!
- Deficit - $ 119
- Therefore, total expense is $ 229+119 = $ 348
Oh! Big mistake, Indian revenues re: indirect taxes and other surcharges like oil tax, etc. is still worth $ 100's Billions.
Govt. of India's yearly revenue mostly from Corp. and indirect taxes = $ 213.13
$ 213.13 - $ 348 = $ 135
- Minus remittances ~ $ 150 => $ 150 -135 = $ 15
$ 150
With a little bit of luck like Coal, Spectrum & Demonstration like above also add ~ $ 50 Billion. So managing ~ a nominal surplus of $ 15-$ 75/yr.-on-yr is manageable @ 1.25 Billion population (who don't pay taxes, then the overseas stash of $ 1.5 Trillion and double taxation treaties with large trade partners like in the past couple of yr.'s which got the govrt. about $ 100 Billion in hidden corp. taxes for eg. by routing investments, input, sales and services through Mauritius and Singaporean shell Co.'s)
Since all other indicators are in India's favour like booming sunrise export industries of pharma, software & IT, auto and auto parts and entrenched exports like gems and diamonds while imports totter, India's economic elephant has turned around.
- Not to mention ~ $ 350 Billion in reserves back-up!
Last edited:
patentneer
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^^
Point being, the stage is set for an economic boom.
Never mind Socialism even if elements of public welfare continue to factor in a democracy.
The Indian economic bull run will change the world like no other miracle.Sure china's exchequer is brimming with $ US, China not the issue, comparing with China or other's is off-topic.
Point being, the stage is set for an economic boom.
Never mind Socialism even if elements of public welfare continue to factor in a democracy.
The Indian economic bull run will change the world like no other miracle.Sure china's exchequer is brimming with $ US, China not the issue, comparing with China or other's is off-topic.
patentneer
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^^
:
Answer:
Look closer, roads visiblele aer only 1-way, the other way carriage is visible on the periphery of the screen.
Plus, probably only city with parking in-house r8 from the get go, otherwise you end with Bombay:
DADAR | Park Mist | 54fl
(c) http://www.skyscrapercity.com/showthread.php?p=137609992#post137609992
I have never seen 20 floors parking!
:
Answer:
Look closer, roads visiblele aer only 1-way, the other way carriage is visible on the periphery of the screen.
Plus, probably only city with parking in-house r8 from the get go, otherwise you end with Bombay:
DADAR | Park Mist | 54fl
(c) http://www.skyscrapercity.com/showthread.php?p=137609992#post137609992
I have never seen 20 floors parking!
- Extremely happy metro station is coming up within months walking distance from parental home in Delhi
- New metro line Phase IV approved @ $ Billions, both above and below will decongest the system, increase footfalls and profits
- Dwarka Gurgaon Expressway opening up will decongest traffic in my hood and open up choices
- CP is going green, all vehicles banned on trial basis from Feb. Phew!
Last edited:
Abingdonboy
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patentneer
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Mumbai Merii Jaan
(c) https://instagram.fbom1-2.fna.fbcdn...148_173665916448501_7940403273326919680_n.jpg
Pune Merii Maa
(c) https://encrypted-tbn2.gstatic.com/...g8AfkFtxVi3EU-EZVbdmxH9G-VQKhMMTn8MbCw6gOyeuQ
(c) data:image/jpeg;base64,/9j/4AAQSkZJRgABAQAAAQABAAD/2wCEAAkGBxMTEhUTEx
(c) http://2.bp.blogspot.com/-v9pjnGYGNVQ/VnQbaqaxTuI/AAAAAAADwRw/5rrDWyfM4WM/s1600/20151218_132554.JPG
Pune and Banglore have emerged as true-blue middle class cities. Never mind eliticism, here we have an entire eco-system of companies catering to the mass middle class market.
The fabled Indian middle class.
Point to note is that Pune-Bangalore products and services, built on a backbone of academia, first conquered protected Indian markets, then liberalised Indian markets and therefore Globalised and conquered niche Global markets. Middle class Pune-Banglore thus created not only mass-Globalisation cash flows re: IT, auto, pharma and defence Co.'s but also threw up middle class origination billionaire poster boys for India's k-driven industries.
(c) https://instagram.fbom1-2.fna.fbcdn...148_173665916448501_7940403273326919680_n.jpg
Pune Merii Maa
(c) https://encrypted-tbn2.gstatic.com/...g8AfkFtxVi3EU-EZVbdmxH9G-VQKhMMTn8MbCw6gOyeuQ
(c) data:image/jpeg;base64,/9j/4AAQSkZJRgABAQAAAQABAAD/2wCEAAkGBxMTEhUTEx
(c) http://2.bp.blogspot.com/-v9pjnGYGNVQ/VnQbaqaxTuI/AAAAAAADwRw/5rrDWyfM4WM/s1600/20151218_132554.JPG
Pune and Banglore have emerged as true-blue middle class cities. Never mind eliticism, here we have an entire eco-system of companies catering to the mass middle class market.
The fabled Indian middle class.
Point to note is that Pune-Bangalore products and services, built on a backbone of academia, first conquered protected Indian markets, then liberalised Indian markets and therefore Globalised and conquered niche Global markets. Middle class Pune-Banglore thus created not only mass-Globalisation cash flows re: IT, auto, pharma and defence Co.'s but also threw up middle class origination billionaire poster boys for India's k-driven industries.
Last edited:
Abingdonboy
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Modinomics 101
- Total in US $ 229 Billion @ Rs. 68/$.
Each of the above, yr.-on-yr., have proven to be rainmakers in the dozens to 100's of $ Billions.
- Coal, Spectrum and other resources for eg. oil price crash
- Tax treaties with US, Singapore and major partners re: MNC operations, read cheating
- Demonitisation
- Deficit - $ 119
- Therefore, total expense is $ 229+119 = $ 348
Oh! Big mistake, Indian revenues re: indirect taxes and other surcharges like oil tax, etc. is still worth $ 100's Billions.
Govt. of India's yearly revenue mostly from Corp. and indirect taxes = $ 213.13
$ 213.13 - $ 348 = $ 135
- Minus remittances ~ $ 150 => $ 150 -135 = $ 15
$ 150
With a little bit of luck like Coal, Spectrum & Demonstration like above also add ~ $ 50 Billion. So managing ~ a nominal surplus of $ 15-$ 75/yr.-on-yr is manageable @ 1.25 Billion population (who don't pay taxes, then the overseas stash of $ 1.5 Trillion and double taxation treaties with large trade partners like in the past couple of yr.'s which got the govrt. about $ 100 Billion in hidden corp. taxes for eg. by routing investments, input, sales and services through Mauritius and Singaporean shell Co.'s)
Since all other indicators are in India's favour like booming sunrise export industries of pharma, software & IT, auto and auto parts and entrenched exports like gems and diamonds while imports totter, India's economic elephant has turned around.
- Not to mention ~ $ 350 Billion in reserves back-up!
^^
Approx. Rs. 100 Lakh Cr.'s is the total @ of bank deposits in India, equal to $1.5 Trillion.
With a rapidly, ad-hoc for now, balancing budget and
- $ 350 Billion in reserves, not only is India able to raise $ Trillions for infra projects like ~ $ 100 Billion Delhi-Mumbai Industrial Corridor or $ 100 Billion for Solar India Project, in the new world financial order after the meltdown about a decade ago, the new age financial world is awash in cash desperate for mega projects.
This years Pravasi Bharti Festivals are throwing up mad investment figures state wise. Last year, UAE set up $ 100 Billion India fund, Softbank set up $ 100 Billion India focused fund just last year. US Co.'s are investing $ 27 Billion in next couple of yrs. China, Russia and S. Africa have increased their new found exposure in the dozens of Billions while traditional EU and Commonwealth countries are ramping up investments in linear terms. The world's financial hubs of London, Montreal, NY, Singapore and Dubai have always had solid Indian connections and are now lock-sync. in step with the Indian financial world.
I expect a whirlwind of cash flow towards the world's last and largest market - India.
Ensiurage
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Amen to your footnoteKochi
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