Recall of Honda City 2007 make

In one of the largest recalls that is not so common in India, Honda has recalled over 8000 honda city cars of 2007 make. This is part of over 600,000 cars recalled worldwide for a faulty power window switch. This comes on the backdrop of world number one car seller Toyota motors recall of over 7 million cars due to accelerator peddle.

This could a short term/mid term set back for the Japanese car markers that have captured the US market and are known for their Quality and reliability.

For Indian market, this is the wrong time for the car makers to give room to have any doubts in the buyer’s mind who have plenty of options in hand.

Tata Motors posts 89% revenue growth in Q3

Tata motors, India’s top automaker announced a turnaround growth of Rs400 crore net for 3rd quarter of FY200910 compared to a loss of Rs263 crore the previous year.
The revenues stood at Rs 8980 crore. The easy loans, coupled with an array of new vehicles launched across segments have contributed to the growth. Tata has the worlds supposed to be the cheapest commercial car Nano, New indica hatchback, Manza midsize Sedan, 28 seater Tata Marcopolo bus, CV Prima rolled out to Indian market.

However the growing commodity prices and RBI’s increase of CRR by 75% basis point, hinting at increase in loan rates would be of cause to worry for the next couple of quarters.

Daimler to spice up Indian CV market

With growing confidence from the truck makers for Indian market that has shown a healthy growth in last quarter of 2009, German truck maker Daimler announced launch of its truck for India roads by 2012.

As the CV market that links directly with economy took a hit later part of 2008 with sales going in negative. However with an already anticipated over 7% GDP growth for 2010, the global CV majors including local companies lining to launch their technology for India market. Daimler through Mercedes Benz business has Actros already in the market.

With western markets still reeling under pain and recovery still not seen in near future, Asia, Latin, African markets are natural choices for the truck makers. The Indian line-up already consists, Mercedes Benz, Volvo, MAN, Mahindra through JV with Navistar, TATA with its Prima, Eicher with its on line of vehicles though controlled by Volvo.