Monday, 27 March 2017

Maruti Suzuki's Vitara Brezza emerges the most popular urban SUV

Bags 25 Top Awards including Indian Car Of The Year 2017 (ICOTY)

Maruti Suzuki’s Vitara Brezza has become India’s most popular urban SUV. The car has been recognised with over 25 Awards including the Indian Car of the Year 2017 (ICOTY). Vitara Brezza has clocked over 110,000 units in the first year of its launch. This is a testimony of the Vitara Brezza being appreciated by both critics and customers.

Celebrating its first year, Managing Director and CEO of Maruti Suzuki, Kenichi Ayukawa, said: “We thank our customers for making Vitara Brezza the highest selling SUV. Within a short span, Vitara Brezza has redefined the urban SUV segment in India. Vitara Brezza brings the muscle, glamour and style that were so far missing in this segment. Class leading features, personalisation, outstanding fuel efficiency and an attractive price make Vitara Brezza a delight for customers.”

Vitara Brezza has been conceptualized, designed and developed in India using a Suzuki global platform and engine. Vitara Brezza – strong, sporty and masculine with raised stance plus dynamic styling – brings style and glamour to India’s SUV landscape. Vitara Brezza comes with an assurance of advanced safety. It is the first car in the country that is certified for offset and side impact crash tests much before the forthcoming norms.

Keeping in mind the success of Vitara Brezza and the high interest of customers in customizing their car, Maruti Suzuki introduced iCreate, a personalization concept, with Vitara Brezza. iCreate empowers the consumers to tailor-create their Vitara Brezza using an extensive range of 500 distinct accessories.

Vitara Brezza delivers an outstanding fuel efficiency of 24.3 km per litre, the highest in SUV category and 10-20% superior to existing models in the segment. Using the acclaimed DDiS 200 engine and multiple innovative technologies like intelligent battery management, Vitara Brezza stands tall on the promise of fuel efficiency and value for the customer.

Nissan launches #SmarterBolder New Terrano

Nissan India announced the launch of the New Terrano with the introduction of 22 brand new features to strengthen its smarter and bolder appeal to customers. The New Terrano is equipped with a host of optional new equipment for added style and convenience. The result is a compact SUV that complements the lifestyle of today’s Indian consumers – an attractive choice for people expecting a smarter SUV with a bold road presence. The New Terrano’s starting price is Rs. 9.97 lakhs (ex-showroom, Chennai).

Commenting on the launch, Mr. Satinder Singh Bajwa, Vice President - Sales, Network and Customer Relations, Nissan Motor India Pvt. Ltd., said: “The New Nissan Terrano embodies our commitment to keep focused on what consumers want and value. The New Terrano keeps its bold road presence, in line with Nissan’s global SUV heritage, while offering a more refined interior space and smart features. The 22 new smart and bold features will empower our customers to enjoy a more comfortable, convenient and pleasurable drive in style.”

The 22 new features include new Premium Dual Tone Interior, Cruise Control, 7.0 Touchscreen Navigation system, Steering Mounted Audio/Phone Control, One Touch Lane Change Indicator, Anti-pinch Driver Side Window, and new Steering Wheel Design. Together, all the new features enhance the amenities for the driver and occupants, rendering a more pleasurable driving experience.

The New Terrano is an example of Nissan’s global SUV heritage translated into a Made-in-India SUV to prowl the country’s roads – in cities or in the countryside. Designed for domination, the New Terrano comes with the option of a 6-Speed Advanced Auto Drive which offers smooth, computer-controlled gearshifts for a stress-free drive in city traffic and on open highways. Variants of the New Nissan Terrano are competitively priced, placing it among the most attractive packages in its segment. It will be available at the following prices (ex-showroom Chennai):

Designed with precision, the Terrano demonstrates refined engineering and muscular good looks. This goes hand-in-hand with its capable handling, enabling the driver to stylishly navigate any on-road situation. The New Terrano maintains the model’s high ground clearance of 205 mm, low turning radius of 5.2 m, fuel efficiency of 19.87 km/l and the 2-year/50,000 km warranty and free roadside assistance.

To learn more about the New Nissan Terrano, visit: or and search #SmarterBolder

The Nissan Terrano has been the company’s flagship SUV in India since 2013. The array of features available on the New Nissan Terrano augment its convenience for occupants and accentuates its brawny road profile to set it apart from the other vehicles in its segment.

Indian chemicals industry most resilient in exports: Sitharaman

Reliance Industries wins Top Exporter in Chemicals, Ambuja Intermediates in Dyes and Dye Intermediates

In a year that could go down as one of the worst in global trade, the chemicals exports from India in 2015-16 went up by 7.5% in volume terms. In the current year (April 2016-January 2017) the exports have grown by 1.5% in value and 7.59% volume terms. 

Acknowledging the resilience shown by India’s chemical exporters, Mrs. Nirmala Sitharaman, Minister for Commerce and Industry, reminded that the impact of the steps initiated by the Governments will be visible in the current financial year onwards. 

Congratulating the winners at the CHEMEXCIL Export Awards 2017 function at Mumbai, Mrs. Sitharaman reiterated: “The chemical industry has shown tremendous resilience in adverse global conditions. Strand by strand, the Indian chemical industry has motivated each other to deliver excellence. 80,000 commercial products causing 7% of GDP is an important contribution in national growth. India’s world market share of over 90% in Castor Oil is commendable and an example of our dominance in some of the categories”.

 Among the winners of top export Awards for 2015-16 were Reliance Industries for Chemicals, Ambuja Intermediates for Dyes and Dye Intermediates, Ishedu Agrochem for Castor Oil & Speciality Chemicals and VVF India for Cosmetics and Toiletries. Mr. Shankerbhai Patel of Ami Pthalo Pigments, and Mr. Ashok Manilal Kadakia of Emmessar Biotech & Nutrition, were the recipients of Life Time Achievement Awards. There were 55 Awards given in various categories.

India is the sixth largest chemicals producer in the world and the third largest in Asia. The chemicals industry in India employs 2 million people and the size of the industry was around $147 billion in 2015. However, the exports were 11.68 billion in 2015-16 and in the current 9 month period of 2016-2017, it has touched $9.76 billion.

Appreciating the industry, Mr. Satish Wagh, Chairman, CHEMEXCIL, said: “The winning formula of governments policy support to our exporters’ determination to grow is bound to increase our share in the world market. India has the talent, technology and infrastructure already. The reduction in corporate tax for MSME by 5% and introduction of Trade Infrastructure Export Scheme will help Indian exporters reduce transaction costs to become globally competitive. Other initiatives like setting up of CBEC’s Single Window Interface for Facilitating Trade (SWIFT), ‘Make in India’ programme, relaxation in certain norms of environmental issues  and expected GST roll out would spur growth in chemical sector further”.

Thursday, 23 March 2017

Honda Cars India launches all-new Sporty Lifestyle Vehicle ‘Honda WR-V’ in Tamil Nadu

Honda Cars India Ltd. (HCIL), leading manufacturer of passenger cars in India, introduced its much-anticipated new model, Honda WR-V. The WR-V is an all-new Sporty Lifestyle Vehicle based on Honda’s globally successful Jazz platform. It features a sporty and sophisticated exterior design, high quality spacious interiors with advanced equipment, top of the class fuel efficiency, powerful performance and full range of safety features.

WR-V is the first model developed by Honda R&D India along with Honda R&D, Japan, to match the needs and aspirations of young Indian customers who are looking for status, comfort and have an active lifestyle. The R&D in India has specifically worked on design & engineering concept suitable for right-hand drive and India-exclusive powertrains.

Speaking at the launch, Mr. Jnaneswar Sen, Senior Vice President, Sales and Marketing, Honda Cars India Ltd., said: “The fast-evolving Indian market has shown strong demand for compact vehicles that are stylish, comfortable and have premium features. With the launch of the Honda WR-V, we would like to provide joy for recreational usage and comfortable driving for daily use in the city for customers in India. We are confident that WR-V will help us to fortify our premium image in all segments.”

“Chennai is one of the most important markets for Honda Cars India, in terms of sales. We are extremely happy to introduce the WR-V in the market. We believe that the car would aptly suit and compliment their lifestyle. We are extremely thankful to our customers in Tamil Nadu and in India at large, for their faith in the brand,” he added.

The WR-V has been developed under the concept of “Refresh for Urban India” which is built around 3 core concepts of Urban Active Lifestyle that is high seating stance & ground clearance, Smart Compact Exterior with Spacious Interior along with Versatility & Utility, Pleasurable high quality interior& class leading fuel efficiency.

Saturday, 18 March 2017

N. Srinivasan, Arun Alagappan appointed Cholamandalam Investment’s Executive Vice Chairman & MD, ED

The Board of Directors of Cholamandalam Investment and Finance Company Ltd. (CIFCL) has approved the appointment of Mr. N. Srinivasan (NS), Group Director Finance, Murugappa Group, as an Executive Vice Chairman and Managing Director of the company for a period of two years. His appointment will be effective August 19, 2017, after the conclusion of the current Managing Director, Mr. Vellayan Subbiah.

NS joined the Board of Chola during December 2006. He was inducted into the Murugappa Corporate Board as Director Finance of the Group in January 2007. The Corporate Board entrusted him with the additional responsibility of Lead Director for the Financial Services Business of the Group which included CIFCL and Chola MS General Insurance Company Ltd. (Chola MS). During his tenure both CIFCL and Chola MS grew significantly and have become large businesses of the Group. Between 2008 and 2010, he led the effort to successfully turnaround the operations of CIFCL. NS has been a member of the Audit Committee, Business Committee and Risk Management Committee of CIFCL.

The Board of CIFCL also appointed Mr. Arun Alagappan as an Executive Director of the company with effect from August 19 for a period of 5 years, subject to necessary approvals. Mr. Arun is a promoter and a member of the Murugappa family. A MBA from the Cardiff Business School, he started his career with GE Capital services India and after a three year stint, joined the Murugappa Group in 1999. Over the past 18 years, he served various units of the group, viz., Parryware, Tube Products of India, and lastly as the President of TI Cycles. 

Mr. Arun was instrumental in forging the alliance with Roca and under his leadership, TI Cycles has grown into an Rs. 14.8 billion business, with leading indigenous brands like BSA, Hercules, Montra, Lady Bird and affiliation with international brands like Ridley, Bianchi, Cannondale. He is also on the Board of several companies including Lakshmi Machine Works Ltd.

For more details, visit:

TANSTIA hails most of TN Budget proposals

In a press release issued by its President, Mr. C. Babu, the Tamilnadu Small & Tiny Industries Association (TANSTIA), has welcomed the major announcements made in the Tamil Nadu Budget for 2017-18 presented by the Finance Minister, Mr. D. Jayakumar. The important proposals welcomed by it included strengthening of the single window system, formation of a committee to ensure timely clearances, special package of assistance to attract investments to the southern districts, implementation of the Madurai Thoothukudi Industrial corridor, creation of exclusive land bank of 3,957 acres, allocation of Rs. 75 crores to conduct the next Global Investors Meet, establishment of aero space on 268 acres of land in Vallam Vadagal SIPCOT Industrial Estate, Kancheepuram, at an estimated project cost of Rs. 350 crores, establishment of a Plastic Industries Park in Ponneri taluk of Tiruvallur district by TIDCO in association with SIPCOT at an investment of Rs. 264 crores, approval for establishment of Medi Park Project at an estimated cost of Rs. 130 crores, and the doubling of capital subsidy from Rs. 80 crores to Rs. 160 crores.

TANSTIA has also hailed the Budget incentives for establishment of a special project to develop product-specific integrated MSME clusters in four locations – Kancheepuram, Karur, Dharmapuri and Ramanathapuram; development of the three product clusters, one each at Negamam, Boodalur and Erode with a total cost of Rs. 22 crores; provision of 50 per cent grant subject to overall limit of Rs. 5 crores to MSME associations for setting up of Trade Facilitation Centres at Madurai, Salem and Trichy; launching of special export promotion and marketing support scheme; conduct of international exhibition with Buyer-Seller Trade Meet annually; launching a special scheme to promote energy efficiency in MSME units; setting up of three quality control and testing labs in SIDCO estimates; and conduct of detailed study to assess the cause for the closure of MSME units sectorwise and examine the possibility of supporting the revival of MSME sector in the State.

TANSTIA has, however, resented that there are no specific announcements made in the Budget for women entrepreneurs. For the existing entrepreneurs, there are no fresh announcements for the made in the Budget about the scheme and assistance for their survival. It also resents that 30 per cent land subsidy through TANSIDCO requested by TANSTIA has not been considered in the Budget.

On the expected lines: MCCI

The Madras Chamber of Commerce and Industry (MCCI) has said that the Tamil Nadu State Budget 2017-18 is on the expected lines with neither new taxes nor tax concessions, as GST is round the corner. But with many announcements made in the last Budget not taken off from the ground, implementation is critical.

The enhanced allocations to sectors like Power, Infrastructure, Highways and Education are to be welcomed. However, the concern is that the ongoing and delayed projects like the EMRIP, Maduravoyal projects and others have not been given enough attention. Port development and connectivity is important to achieve the economic goals of Vision 2023.

The huge fiscal deficit is a grave concern for the State at this juncture. The question, as to how the Government would overcome this and reverse the economic downtrend, lingers in all our minds, in the backdrop of falling revenues and increased subsidies.

Power sector and TANGEDCO reforms are well under way and with more focused efforts and prudent management of subsidies, we expect better days ahead.

While announcement about the next GIM in the current year cheers us, what is more important is to know the real outcome of last GIM. The Government needs to make genuine efforts to make things easy for both existing and new investors to do business in the State and the single window should become a reality. “The negative perception gaining ground with regard to softer aspects such as delays in getting approvals and clearances, the ambiguous laws and approach of the regulators need to be fixed to improve the industrial climate in the State. Closer and periodical interaction with industry bodies will go a long way in understanding the ground issues and addressing them”, says Ms. Gayathri Sriram, MCCI Vice President. 

While some relief is given to MSMEs, more needs to be done to this sector to foster employment and entrepreneurship. Skill development may require more concerted and holistic efforts to achieve the required goals.

“While the Budget figures are definitely important, what is more important are clear cut action plans and well defined timelines, if the State has to maintain its pole position in terms of economic and social development”, adds the MCCI Vice President.

CII (TN) welcomes Tamil Nadu Budget 2017-18

The Confederation of Indian Industry (CII) Tamil Nadu welcomed the Tamil Nadu Budget 2017-18 as growth-oriented with thrust on inclusive development.

In a statement, Mr. P. Ravichandran, Chairman, CII Tamil Nadu State Council, thanked the State Government for considering many of its recommendations, especially in the areas of infrastructure development in Tamil Nadu.

The Finance Minister’s announcement of allocation of Rs. 1,400 crores for the Smart Cities Mission is a welcome move. CII congratulates the Government for taking various measures towards improving the infrastructure and business climate in the State. Initiatives such as strengthening the single window clearance for starting new business, expansion of metro rail and plan for next phase, expansion of road infrastructure between Chennai and suburbs, plan for Investment Promotion Programme - Phase II, fund allocation for development of MSME sector, fund allocation for capital subsidy for industry were in the right direction.

Increased support to farmer producer organizations is a potential game changer if implemented well based on clusters, more impetus on cold chain infrastructure, backward integration and food processing policy will be advantageous for food processing sector. Budget is also addressing the water shortage issues. Replacing State Planning Commission with State Development Policy Council is a welcome move towards the development of the State.

CII has been focusing on entrepreneurship towards promoting growth and employment across Southern Region. The allocation of Rs. 150 crores to provide vocational training to youth in Tamil Nadu would help in addressing the employability of youth in the State.

India showcases engg. prowess at IESS in Chennai

Unfazed by global headwinds and forces of protectionism in some of the leading economies, India showcased its technological and engineering prowess to top international firms at the 6th edition of the International Engineering Sourcing Show (IESS) held in Chennai during March 16-18 expecting significant business deals. 

IESS VI was inaugurated in a gala ceremony on March 16 in Chennai by Mrs. Nirmala Sitharaman, Union Minister of Commerce & Industry (Independent Charge), Mr. Denis Manturov, Minister of Trade & Industry, Russian Federation, Mr. Girish Shankar, Secretary, Department of Heavy Industry, Government of India, Mr. Mangat Ram Sharma, Principal Secretary, Government of Tamil Nadu, Mr. T.S. Bhasin, Chairman, EEPC India, and other senior officials from the Ministry of Commerce and EEPC India.

Prior to the inauguration, Mrs. Sitharaman and Mr. Manturov had a cordial meeting where a host of bilateral issues were discussed. They agreed that there is enormous potential to enhance the bilateral trade, which is presently $6.62 billion. They discussed the early operationalization of the International North South Transport Corridor (INSTC) that would cut the time and cost for transportation of goods between both countries. 

They also deliberated upon other measures to enhance the trade ties, including the proposed FTA between India and the Eurasian Economic Union, which includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan. The need to finalise a revised Bilateral Investment Treaty was also noted. The Minister also invited Russia to be the ‘Partner Country’ in India International Jewellery Show 2017 scheduled to be held in Mumbai in July next and the Advantage Healthcare India scheduled to be held in Delhi / Mumbai in October.

According to EEPC India, Russia coming forward as the Partner Country in this event is a testimony to the stature achieved by IESS. India has a long standing partnership with Russia in the engineering sector. A 120-member delegation from Russia exhibited their technology and products at IESS 2017.

As many as 400 top global exhibitors and over 500 foreign delegates participated in this flagship engineering event which is built around the theme – “Smart Tech for Smart Engineering”, Apart from the Union Ministry of Commerce and Industry, the show was also supported by the Union Ministry of Micro Small and Medium Enterprises, Department of Heavy Industry and Department of Scientific and Industrial Research. 

Besides Russia, delegates from the US, the UK, Germany, the UAE, Brazil, South Africa, Algeria, Benin, Botswana, Egypt, Ethiopia, Ghana, Kenya, Namibia, Uganda, Vietnam, Bangladesh, Sri Lanka, Ukraine, Uzbekistan and Nepal also visited IESS, which has emerged as one of the most prestigious engineering sourcing shows in the country.

On this occasion, EEPC India Chairman said while the engineering exports have started growing again, the growth has come about on a low base which had formed because of sluggish performance in the last few years. “However, despite concerns of protectionism from the USA, the focus of the Trump Administration on big investment on infrastructure projects would boost the global demand for the engineering products. So, instead of seeing it as a challenge, Indian exporters must view the unfolding scenario as an opportunity in the USA”.

This edition of IESS has exclusive Technology and Innovation Pavilions with representations from BARC, IIT Mumbai, IIT Madras, FCRI (Fluid Control Research Institute), ARCI (International Advanced Research Centre for Powder Metallurgy and New Materials), CMTI (Central Manufacturing Technology Institute) and MSME Tools Room.

Various activities were held during the three-day show, including India-Russia Business Forum, Global Investment Conference, Vendor Development Seminar, by Indian PSUs, Global Sourcing Meets by Siemens, SCHWING Stetter India Pvt. Ltd., Yanmar, Kubota Corporation, Sessions on Accreditation, competitiveness of MSMEs, Technology Collaborations, Industrial Design Forums, etc.

IESS, across its five previous editions, has left an indelible footprint of success. The fifth edition of IESS, held during November 24-26, 2015, in Mumbai attracted 450 delegates from 55 countries in Asia, Africa, Europe, North America and Latin America and 10,000 professional visitors.

India's engineering exports are likely to reach $60+ billion in 2016-17, on the back of revival of demand in the USA and for select products like iron. For the April-January period of ten months of the current fiscal, engineering exports have touched a figure of $50.87 billion, exceeding the total shipments of $49 billion in the entire financial year of 2015-16. For January 2017, engineering exports aggregated $5.29 billion, showing an increase of over 12 per cent over the same month last fiscal.

BMW Group India to increase prices from April 1

BMW Group India will increase prices by average of 2% across the BMW and MINI product range from the beginning of Indian financial year (April 1, 2017).

Mr. Vikram Pawah, President, BMW Group India, said: “BMW India has been in the forefront of providing Sheer Driving Pleasure to the Indian customers by introducing innovative products, building world-class dealerships and offering state-of-the-art services ahead of its time. In today’s economic conditions, to maintain our exceptional brand positioning and continue offering a distinct value proposition to our premium clientele, we have decided to marginally revise the prices of the BMW and MINI product portfolio.”

With its three brands, BMW, MINI and Rolls-Royce, the BMW Group has its sight set firmly on the premium sector of the Indian automobile market. Along with automobiles and motorcycles, the BMW Group’s activities in India comprise of financial services for its premium clientele. Headquartered in Gurgaon (National Capital Region), BMW India is a 100% subsidiary of the BMW Group. Till date, BMW Group invested over 4.9 billion Indian Rupees (€69 million) in BMW India. The wide range of BMW activities in India include a manufacturing plant in Chennai, a parts warehouse in Mumbai, a training centre in Gurgaon NCR and development of a dealer organisation across major metropolitan centres of the country. Currently, BMW India has 41 sales outlets in the Indian market. The total number of employees at BMW Group India is 650.

The BMW Plant Chennai locally produces the BMW 1 Series, the BMW 3 Series, the BMW 3 Series Gran Turismo, the BMW 5 Series, the BMW 7 Series, the BMW X1, the BMW X3 and the BMW X5. BMW dealerships also display the BMW 6 Series Gran Coupe, the BMW X6, the BMW Z4, the BMW M3 Sedan, the BMW M4 Coupe, the BMW M5 Sedan, the BMW M6 Gran Coupe, the BMW X5 M, the BMW X6 M and the BMW i8 which are available in the country as Completely Built-up Units.

MINI has successfully established itself as a premium small car brand in India. Presently, the MINI model range in India includes the MINI 3-door, MINI 5-door, MINI Convertible, MINI Countryman and the all-new MINI Clubman. MINI has established five exclusive dealerships in India.

Friday, 17 March 2017

Chicago Pneumatic high pressure compressors support unique blast hole drilling machines in India

Chicago Pneumatic skid mounted air compressors are playing a vital role in new blast hole drilling machines being used for overburden removal in the coal fields of central India.

BGR Mining (P) and Infra Pvt. Ltd., one of the biggest mining contractors in Hyderabad, with a fleet of 1,600 dumpers, 200 excavators and 200 supporting vehicles, has placed an order for ten CPS 1100/300 high pressure compressors, with each forming part of a unique machine suitable for blast hole drilling. To date, four compressors have been supplied and commissioned.

The new machines are industry first conceptualised units in which the compressor is mounted on a crawler excavator, where usually conventional blast hole drills rigs or truck mounted compressor units connected to drills are used. They are mounted on excavators with the counter weight eliminated and the drill mast mounted onto the boom.

The advantage of using the Chicago Pneumatic compressors as part of an excavator mounted rig is that its crawler mounting enables the machine to reach areas with difficult or limited accessibility. It also benefits from a swivelling arrangement that provides greater versatility than truck mounted rigs, thus minimising drilling time.

With a higher cfm and higher pressure, the rate of drilling with the CPS 1100/300 will be approximately 100 m/hour for overburden drilling against conventional water well drilling rigs, which typically deliver around 72 m/hour.

“Chicago Pneumatic air compressors are the preferred choice for us because of the product performance and the fact it is an international brand with proven quality,” commented Mr. K.A. Udaya Kumar, General Manager of BGR Mining and Infra Pvt. Ltd. “With the increased performance of the supplied equipment, we may see further opportunities open up in the mining industry.”

Thursday, 16 March 2017

Honda Cars India launches all-new Sporty Lifestyle Vehicle ‘Honda WR-V’ in India

Honda Cars India Ltd. (HCIL), a leading manufacturer of passenger cars in India, introduced its much-anticipated new model, Honda WR-V. The WR-V is an all-new Sporty Lifestyle Vehicle based on Honda's globally successful Jazz platform. It features a Sporty and Sophisticated exterior design, high quality spacious interiors with advanced equipment, top of the class fuel efficiency, powerful performance and full range of safety features.

WR-V is the first model developed by Honda R&D India along with Honda R&D, Japan, to match the needs and aspirations of young Indian customers who are looking for status, comfort and have an active lifestyle.  The R&D in India has specifically worked on design & engineering concept suitable for right-hand drive and India-exclusive powertrains.

Speaking on the occasion, Mr. Noriake Abe, Chief Operating Officer, Regional Operations (Asia & Oceania), Honda Motor Co. Ltd., said: “The WR-V is an all-new premium model in the Honda family and features the brand’s global DNA. Based on Honda’s most successful platform world-wide, WR-V has the best of Honda technology and design.  India is the first country to manufacture and launch the Honda WR-V in the world which is testimony to Honda Motor Company’s commitment to the Indian market.” 

Speaking at the launch, Mr. Yoichiro Ueno, President and CEO, Honda Cars India Ltd., said: “The fast-evolving Indian market has shown strong demand for compact vehicles that are stylish, comfortable and have premium features. With the launch of the Honda WR-V, we would like to provide joy for recreational usage and comfortable driving for daily use in the city for customers in India. We are confident that WR-V will help us to fortify our premium image in all segments.”

 “We are extremely thankful to our customers in India for their faith in the brand,” he added.

The WR-V has been developed under the concept of “Refresh for Urban India” which is built around 3 core concepts of Urban Active Lifestyle that is high seating stance & ground clearance, Smart Compact Exterior with Spacious Interior along with Versatility & Utility,  Pleasurable high quality interior& class leading fuel efficiency.

Tuesday, 7 March 2017

Sasken showcases IoT solutions and product development expertise at MWC 2017

Sasken Technologies Ltd., a leading product engineering and digital transformation solutions provider, recently exhibited in the Mobile World Congress 2017 held from February 27 to March 2 at Barcelona, Spain. At the event, Sasken showcased its next generation IoT solutions with the multi-framework home gateway and connected car gateway. Sasken also showcased its expertise in developing end-to-end products of varying form factors in the smart devices and wearables space with products such as the satellite mobile handset, smart button, 4G LTE dongle, consumer wellness band, person tracking device, tablet clienteling solution as well as its golf and cricket technique app for Tizen, iOS & Android based wearables.

The four-day event was attended by more than 108,000 industry professionals from 208 countries and territories. Sasken was part of the highly acclaimed MWC 2017 Connected World topic tour which was attended by senior executives from some of the largest global IoT players. The tour was steered by industry experts who shared their unique outlook on IoT and Connected Living and saw great value in Sasken’s solutions at MWC 2017. Sasken was also one of the few exhibitors to be selected for the Women4Tech tour – GSMA’s latest program for women technologists.

As a member of the Telecom Industry Association (TIA), Sasken also attended the TIA’s CTO Council meeting at MWC 2017. The CTO Council is comprised of leading technical strategists from the ICT industry who meet regularly to network and exchange information on technology, standards, markets, and solutions. Sasken spokespersons also met several business and technology analysts from Gartner, IHS Markit, ABI Research, and Counterpoint Research during the event.

Speaking on the occasion, Mr. Hari Haran, President, Global Sales, Marketing, and Business Lines, said: “MWC is a global platform for connecting with partners from the ecosystem and the market. We were delighted at the prospect of exploring collaborative and partnership opportunities to work with global players in bringing world class products to our customers.”

Sasken is a leader in providing Product Engineering and Digital Transformation services to global Tier-1 customers. Sasken’s deep domain knowledge and comprehensive suite of services have helped global leaders maintain market leadership in industries such as semiconductors, automotive, enterprise grade devices, smart devices and wearables, industrials, retail, Satcom and Telecom.

Monday, 6 March 2017

P. Ravichandran, M. Ponnuswami elected Chairman and Vice Chairman of CII Tamil Nadu State Council

Mr. P. Ravichandran, President, Danfoss Industries Pvt. Ltd., and Mr. M. Ponnuswami, Chairman & Managing Director, Pon Pure Chemical India Pvt. Ltd., Chennai, have been elected as Chairman and Vice Chairman respectively of CII Tamil Nadu State Council for 2017-18.

Mr. Ravichandran has been closely associated with CII and was the Vice Chairman of the CII Tamil Nadu State Council during 2016-17. He is currently a member of the CII National Council on Agriculture and was the Chairman of CII Chennai Zone in 2014-15.

With an experience spanning over 28 years, Mr. Ravichandran has worked extensively in building businesses in India, Asia Pacific and Europe. He has been a key member of the Danfoss Growth strategies in India, Asia Pacific, and a key member of the global management team.

An Engineer in Electronics and Communication from College of Engineering, Guindy, he is also an Alumni from IIM Ahmedabad and Singularity University in California.   

Mr. Ponnuswami is an active member of CII and was the Chairman of the CII Chennai Zone during 2016-17. Pon Pure Chemical is a leading manufacturer of chemicals and allied products with International presence in Sri Lanka, Bangladesh, Australia, Africa & Middle East countries.   

Mr. Ponnuswami is a Chemistry Graduate from the PSG College, Coimbatore.

Friday, 3 March 2017





TVS Rico Supply Chain Services acquires a majority stake in UK-based SPC International

TVS Logistics, one of India’s largest integrated Supply Chain solution providers, announced that its UK arm TVS Rico Supply Chain Services has acquired more than 60% stake in SPC International, an Uxbridge, UK-based company with an annual turnover of Rs. 165 crores. The total investment by TVS Logistics for this acquisition and funding its future growth will be in excess of Rs. 100 crores. This acquisition in the UK adds repair and parts supply to the company’s comprehensive list of end-to-end supply chain services for its customers worldwide. 

TVS Rico, whose previous acquisitions include well-known UK brands like DHL Same-Day and Circle Express is a flagship company of TVS Logistics in the UK. It operates in Australia, India and more than 19 countries in Europe with 45 locations in the UK and Ireland and offers spares management, transport, warehousing, and engineering solutions to its broad range of customers. 

SPC International has operations in the UK, France, Slovakia, the US and India, and provides employment to 350 skilled professionals across these geographies. It offers hardware support with specialisation in IT spares and repairs, supporting OEM and multi-vendor maintenance companies. SPC’s services and solutions include repair and refurbishment, remarketing, reselling, warranty management and inventory management (consigned and owned). Products offered include retail, banking, barcode and data collection, PCs, printers, and notebooks.

Mr. R. Dinesh, Managing Director, TVS Logistics Services Ltd., who recently received the Entrepreneur of the Year (Service) Award by Ernst & Young, said: “We started acquiring companies globally in search of knowledge, technology, innovations, and global best practices, and we continue to deliver best-in-class logistics services in developed economies like the UK and the US. These are the capabilities which we now offer to our customers in India and Asia as well. SPC’s unique know-how can help us enhance our integrated services for our customers’ value chain”.

Sam Sharma, CEO, TVS Rico, said: “There are real synergistic growth opportunities between our two businesses, which are key to our strategic plans for both Europe and the rest of the world. We are thrilled to have acquired one of the leading players in this sector.”

John Hemphill, CEO, SPC, said: “We are excited to be working with TVS Rico and I believe that it is an excellent strategic fit. The acquisition will provide SPC with an opportunity to present a more complete suite of services for our local and global customers and strengthen TVS Rico SPC Group’s already diverse, end-to-end solutions in supply chain”. John and his management team will continue to run the business to develop further opportunities. “We are pleased to announce that the current staff levels will remain unchanged during this transition and all employees are being retained”, he added. 

TVS Logistics which set up base in the UK in 2004 has invested around Rs. 6,170 million over the last decade and has also generated employment opportunities for the local talent in the field of supply chain management. From initially employing 10 persons in 2004, TVS Logistics now provides employment to over 3500 people in the UK and in Europe and is one of the largest Indian employers in Northern England. The company aims to add another 550 jobs without including acquisitions as it expands its business in the next five years.

Prestigious Gauravacharya Award to H.S. Paul

The National Institute for Education & Research (NIER), recently organized Golden Star Award 2016 at India International Centre, New Delhi, to motivate and reward Country’s Best Professionals and Doctors for their Social Commitments and impact of life to the society.

On this mega function, Padmashri Smt. Kavita Krishnamurthy, Legend Playback Singer, Padmashri Dr. Balbir Singh, Chairman - Electrophysiology, Medanta Hospital, and Dr. Amrita Kour Kaler, Former Beauty Queen, given prestigious Gauravacharya Award to Mr. H.S. Paul, Delhi Bureau/Ad Chief of Daily Excelsior, Jammu, for his remarkable contribution in the field of Media/Advertising.

Born in Punjab in April 1956, Mr. Paul has experience of 40 years in the field of Journalism, Advertising and Marketing. He worked with various highly reputed publications and since 1989 working with largest circulated English newspaper of J&K – Daily Excelsior. He is a former President of Delhi Advertising Club, Members of Foreign Correspondent Club of South Asia, Advertising Standards Council of India, Mumbai, Public Relations Society of India, and Delhi Management Association.

Prof. Abhiram Kulshreshtha, NIER Director-General, thanked the Chief Guest, Padmashri Smt. Kavita Krishnamurthy, Guest of Honour, Padmashri Dr. Balbir Singh, Dr. Amrita Kour Kaler, Dr. Jagannath Patnaik and Dr. Easwaran Iyer, eminent personalities and hundreds of people from different walks of life present during this grand occasion. 

Thursday, 2 March 2017

700,000 Nissan ‘Made in India’ cars exported to 106 countries in seven years

Nissan India has achieved the milestone of exporting a total of 700,000 ‘Made in India’ Nissan and Datsun cars. This landmark has been accomplished in a record span of seven years since the company began exports from India. The cars, manufactured at the Renault-Nissan Automotive India Ltd. plant in Chennai, have been exported to 106 countries.

Commenting on the occasion, Guillaume Sicard, President, Nissan India Operations, said: “The achievement of this export milestone for Nissan clearly indicates the recognition of Indian production quality and its appeal to customers on the global stage. We are happy to play our part in promoting “Made in India” cars across the world by exporting 700,000 cars to 106 countries in seven years.”

“Coupled with this exports achievement, in January we were the fastest growing domestic auto company in the country, and overall the second fastest growing OEM this fiscal year so far. The teams at our manufacturing facility and R&D operations in Chennai have worked tirelessly to help us achieve these milestones in our domestic and international markets. With our plans to launch eight new products for the Indian market by 2021 as announced earlier, the future is bright and exciting for Nissan in India”, added Sicard.

India is not only a key hub for completely built-up units (CBU) but also for parts supply. Nissan India exports over 2,500 types of manufactured parts to 25 Nissan and Renault plants in 18 countries, ranking in the top four in volume of parts shipped within Nissan global operations.

Nissan has been exporting vehicles from Kamarajar Port Ltd. (formerly Ennore Port Ltd.) in Chennai since 2010 to various regions including Europe, the Middle East, Latin America, Australia, New Zealand, and other destinations in Asia and Africa. For Nissan, the Micra has been the most-exported model out of India; other export models in the product line-up include Nissan Sunny, Datsun GO, Datsun GO+ and the Datsun redi-GO.

There has been increasing demand for Datsun models from India in international markets. Datsun GO+ found a new market in South Africa with the beginning of exports from July 2016. Datsun redi-GO exports to Sri Lanka started in August 2016, marking the re-entry of the Datsun brand in the country after 60 years.

Nissan Motor India Private Ltd. (NMIPL) is a 100% subsidiary of Nissan Motor Co. Ltd., Japan. The company was incorporated in 2005 and offers innovative and exciting products across the hatchback, MUV, SUV and sedan segments in India. Nissan together with its global alliance partner Renault set up a manufacturing plant and a Research & Development Centre near Chennai. Nissan in India has a portfolio of two brands, Nissan and Datsun. 

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Wednesday, 1 March 2017

Honda Cars India registers 9.4% growth in domestic sales in February 2017

Honda Cars India Ltd. (HCIL), a leading manufacturer of passenger cars in India, registered monthly domestic sales of 14,249 units in February 2017 against 13,020 units in the corresponding month last year, registering a growth of 9.4%.

New Honda City 2017 launched in February received an overwhelming response from the market, crossing 10,000 bookings in the first month of its launch. 

Speaking on the company’s sales performance, Mr. Yoichiro Ueno, President and CEO, Honda Cars India Ltd., said: “The market has shown positive sentiment during February and HCIL has also benefitted from it. This month’s sales growth has been driven by an excellent response to the New Honda City 2017, which has received over 10,000 bookings so far. We are thankful to our customers for their support to Honda and hope this momentum will continue.”

HCIL also exported a total of 748 units in February 2017.

Renault India registers monthly sales of 11,198 units in February 2017, growth of 26.8%

Renault India, one of the fastest growing automotive brands in India, registered a growth of 26.8% with monthly sales of 11,198 units in the month of February 2017 as against 8,834 units in the corresponding month last year.

Over the last few years, Renault has focused on establishing a strong base in India and has become one of the youngest and fastest growing automotive brands in India. Together with its product offensive strategy to drive volumes in India, Renault is also substantially increasing its sales and network reach in India and successfully achieved its target of 270 dealership network nationwide at the end of 2016.

Renault India Pvt. Ltd. is a fully owned subsidiary of Renault S.A.S. France. Renault India cars are manufactured in the manufacturing facility located in Oragadam, Chennai, with a capacity of 480,000 units per annum. Currently, Renault India also has a widespread presence of more than 270 sales and 230 service facilities across the country with benchmark sales and service quality.

Renault India’s product line up and services have seen strong recognition among customers and industry experts alike, winning more than 60 titles, including 31 accolades for Duster as well as Awards for Pulse and Scala, making Renault India one of the most awarded automotive brands in a single year in India. The Renault KWID has already bagged 32 Awards, which include 10 ‘Car of the Year’ Awards.