Archive for ‘Manufacturing’

20/05/2015

Renault Unveils Its Cheapest New Car in India, the Kwid – India Real Time – WSJ

Renault S.A. unveiled on Wednesday an affordable small car in India as it seeks to expand its foothold in this growing automobile market.

Named Kwid, the car would have a 0.8 liter gasoline engine and go on sale during the festival season that starts around September, Carlos Ghosn, Renault’s chief executive, said after its unveiling. It would be priced between 300,000 rupees ($4,710) and 400,000 rupees ($6,280).

“The Kwid will be a big contributor to Renault’s growth in India followed by emerging markets and other parts of the world,” Mr. Ghosn said. The company is aiming to increase its market share in India to 5% from the current 1.5%, he added, without elaborating by when it hopes to do so.

via Renault Unveils Its Cheapest New Car in India, the Kwid – India Real Time – WSJ.

20/05/2015

China Unveils Blueprint to Upgrade Manufacturing Sector – China Real Time Report – WSJ

China unveiled an ambitious plan to enhance the competitiveness of its manufacturing sector by encouraging innovation and raising efficiency in an effort to boost economic growth. As the WSJ reports:

The blueprint, titled “Made in China 2025,” comes as China’s factories are struggling with sluggish demand, increasing competition from other developing economies and a slowing domestic economy.

The manufacturing sector is facing new challenges: bigger constraints from the environment and resources, rising labor costs and a notable slowdown in investment and exports, the State Council, or cabinet, said on the main government website Tuesday.

“The key to creating a new driver of economic growth…lies in the manufacturing sector,” it said.

The government vowed to boost 10 high-technology industrial sectors including robotics, aerospace, new-energy vehicles and advanced transport.

via China Unveils Blueprint to Upgrade Manufacturing Sector – China Real Time Report – WSJ.

19/05/2015

Tata Motors Faces Shades of Gray in China – India Real Time – WSJ

China’s car market is getting less luxurious, and among the firms feeling most uncomfortable is India’s Tata Motors.

Tata’s Jaguar and Land Rover unit wasn’t so long ago the darling of affluent Chinese car buyers. It is now a brand in a tailspin. China sales fell 21% between January and April from the year before.

Some of that is a national car market in retreat, especially the luxury segment. But JLR’s problems are more serious, partly because JLR is bearing the brunt of a governmentcampaign to force luxury car makers to lower prices. Last year, officials began encouraging so-called parallel imports of luxury cars, gray-market vehicles not authorized by the car maker that are sold in China below the official sticker price.

via Tata Motors Faces Shades of Gray in China – India Real Time – WSJ.

19/05/2015

Tata Motors’ New Nano Automatic Costs 269,000 Rupees – India Real Time – WSJ

Tata Motors Ltd. launched the first automatic transmission model of its Nano on Tuesday along with new features aimed at turning around falling sales of the micro vehicle, which made its name with a minuscule price.

The new version costs 269,000 rupees ($4,236) and 289,000 rupees at dealerships in New Delhi for the two variants on offer, the company said.

Tata Motors has revamped some of the exteriors and interiors of the Nano with features such as a Bluetooth-connected music system, fog lamps and a trunk,  which, for the first time on a Nano, can be opened.

The Mumbai-based auto maker has included these additions on three other new models in the Nano range. Prices start at 199,000 rupees for the base model with manual transmission.

Only around 1% of the cars sold in India have automatic transmissions, but car makers increasingly are putting them in cheaper models, betting that more Indians want to buy cars that are easier to drive.

Tata Motors—owner of Jaguar Land Rover Automotive PLC—marketed the Nano as the world’s cheapest car when it was introduced in 2009. But sales have failed to meet expectations, in part because the pitch back fired: Indian consumers were reluctant to be associated with a car considered cheap. Some incidents of earlier versions of the Nano catching fire also drew skepticism from some buyers.

Sales of the Nano fell 20% in the fiscal year ended March 31 to 16,901 vehicles, according to industry data.

All models of the Nano are powered with a 624-cubic-centimeter two-cylinder gasoline engine delivering 38 horsepower.

via Tata Motors’ New Nano Automatic Costs 269,000 Rupees – India Real Time – WSJ.

19/04/2015

Foreign automakers double down on China bets despite slowing growth | Reuters

Foreign automakers continue to plough money into factories in China, the world’s largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth.

Employees work at the third factory of Dongfeng Peugeot Citroen Automobile company, after its inauguration ceremony, in Wuhan, in this July 2, 2013 file photo.  REUTERS/China Daily/Files

Market leaders Volkswagen AG (VOWG_p.DE) and General Motors (GM.N) show no sign of letting up on their planned investments, while Toyota Motor (7203.T) and Ford Motor (F.N) are also pursuing new China expansion plans.

That’s in spite of the economic slowdown further depressing the car market in January-March, when sales grew only 3.9 percent, compared to 9.2 percent a year ago and way below the 7 percent growth that the China Association of Automobile Manufacturers (CAAM) predicts for this year.

via Foreign automakers double down on China bets despite slowing growth | Reuters.

12/04/2015

Modi’s ‘Make in India’ Gets $2 Billion Vote of Confidence From Airbus – India Real Time – WSJ

On Saturday, Indian Prime Minister Narendra Modi paid a visit to Airbus Group ‘sEADSY +0.49% facilities in Toulouse, France.

He was greeted with a vote of support, from the aerospace company’s CEO, for his Make in India initiative to build up manufacturing in the South Asian country.

Airbus is “ready to manufacture in India, for India and the world,” said Airbus chief Tom Enders. “India already takes a center-stage role in our international activities and we want to even increase its contribution to our products.”

Airbus Group aims to increase its sourcing of aerospace parts from Indian companies to $2 billion in the next five years, the company informed Mr. Modi, as it seeks to diversify its supplier base and tap low-cost suppliers worldwide.

The company’s strategy to ramp up outsourcing from India comes as it competes to secure billions of dollars in deals for military hardware from the country.

India has yet to decide on a joint bid by Airbus and India’s Tata Group to make Airbus’s C295 aircraft, in a contract estimated at about $3 billion. The company is also pursuing separate deals for hundreds of helicopters from the Indian military.

India has already selected Airbus to supply six A330 multirole tanker-transport planes for an estimated $2 billion.

In a presentation to the Indian prime minister on Saturday, the company said it would work with partners in India in areas such as engineering, customer services and pilot training, and to establish centers for the maintenance, repair and overhaul of planes, according to Indian Foreign Ministry spokesman Syed Akbaruddin.

In a statement, Airbus said it aims to produce helicopters, military planes, sensors as well as satellites in India, in partnerships with local firms. The company predicted India would India would require 1,291 new planes over the next two decades. It forecast the Indian air travel market to grow 11% each year through 2025.

via Modi’s ‘Make in India’ Gets $2 Billion Vote of Confidence From Airbus – India Real Time – WSJ.

08/04/2015

Narendra Modi to hard sell ‘Make in India’ at talks with business leaders in Hannover Messe during Germany visit – The Hindu

Prime Minister will inaugurate the Hannover Messe, considered the largest congregation of business tycoons.

Prime Minister Narendra Modi speaks at an event in New Delhi on Wednesday. Photo: V. Sudershan

Prime Minister Narendra Modi will hard sell India as an attractive investment destination while deliberating with movers and shakers of global business at the Hannover Messe during his three-day trip to Germany beginning Sunday, besides holding talks with its top leadership.

In his maiden visit to the European nation as Prime Minister, Mr. Modi will have a packed schedule and wooing investors and projecting his ambitious “Make in India” initiative will be a major focus area.

Mr. Modi will inaugurate the Hannover Messe, considered the largest congregation of business tycoons, along with German Chancellor Angela Merkel. India is the partner country of the fair this year where over 350 Indian enterprises are participating.

“In January, the world came to vibrant India in Gujarat and now exactly three months later, vibrant India is coming to the world in Germany to Hannover Messe,” German Ambassador Michael Steiner told reporters briefing on Mr. Modi’s trip.

Expecting that Mr. Modi’s visit will take the relationship to a “new level”, Mr. Steiner said Chancellor Merkel will come to India in October for the inter-governmental meeting where all major issues will be deliberated at length.

via Narendra Modi to hard sell ‘Make in India’ at talks with business leaders in Hannover Messe during Germany visit – The Hindu.

08/04/2015

Lapsed tenders hurt Modi’s ‘Make in India’ defence industry push | Reuters

Indian firms have spurned some $15 billion worth of government tenders to make a range of weapons since 2013, defence ministry officials say, in a blow to Prime Minister Narendra Modi and his drive to wean the country off imported arms.

Executives cited unrealistic quality demands from a military short of planes, tanks and guns as a key reason for their reluctance to bid for projects. Complicating things further, the military doesn’t want weapons from Indian firms with no track record in defence manufacturing, experts said.

Irked by India’s status as the world’s biggest arms importer, Modi wants to build an advanced defence industry but almost a year into his “Make in India” campaign, which aims to turn the country into a manufacturing powerhouse, not one large domestic weapons project has been awarded.

Tenders for anything from air defence guns to surface-to-air missiles to transport planes have lapsed, defence ministry officials told Reuters. The tenders total around $15 billion according to a Reuters compilation of offers since early 2013.

via Lapsed tenders hurt Modi’s ‘Make in India’ defence industry push | Reuters.

03/04/2015

Toyota to end expansion freeze, invest $1.3 billion in two new Mexico, China plants: sources | Reuters

Japan’s Toyota Motor Corp (7203.T) will spend about 150 billion yen ($1.3 billion) to build two new car plants in Mexico and China, two people familiar with plans said, ending a three-year freeze imposed after unchecked growth lumbered the world’s biggest auto maker with too many idle production lines.

A visitor walks under a logo of Toyota Motor Corp at the company's showroom in Tokyo February 4, 2015. REUTERS/Yuya Shino

Reuters reported in January that plans were in place for new plants in the two countries, awaiting a green light from top management that has now been given. President Akio Toyoda had been cautious about expanding after Toyota was hit by a capacity glut following the global financial crisis.

The new plants will raise Toyota’s annual production capacity by nearly 300,000 cars, the two people said – 200,000 in Mexico and up to 100,000 in China. They declined to be identified because they are not authorized to speak to the media, and said the expansion may be announced formally as early as this month.

The renewed expansion drive by Toyota will put more pressure on rivals such as General Motors Co (GM.N) and Volkswagen AG (VOWG_p.DE), in a global automotive industry still burdened by being able to make more cars than it can sell. The increase in global production capacity of up to 300,000 compares with sales of just over 10 million in 2014.

Immediately after the financial crisis, big carmakers were cautious about adding production capacity. Now, with demand in the United States back at pre-crisis levels and China’s auto market growing, albeit more slowly, expansion is back on the agenda.

via Toyota to end expansion freeze, invest $1.3 billion in two new Mexico, China plants: sources | Reuters.

02/04/2015

Why China May Have the Most Factory Robots in the World by 2017 – China Real Time Report – WSJ

Having devoured many of the world’s factory jobs, China is now handing them over to robots.

China is already the world’s largest market for industrial robots—sales of the machines last year grew 54% from 2013. The nation is expected to have more factory robots than any other country on earth by 2017, according to the German-based International Federation of Robotics.

A perfect storm of economic forces is fueling the trend. Chinese labor costs have soared, undermining the calculus that brought all those jobs to China in the first place, and new robot technology is cheaper and easier to deploy than ever before.

Not to mention that many of China’s fastest-growing industries, such as autos, tend to rely on high levels of automation regardless of where the factories are built.

“We think of them producing cheap widgets,” but that’s not what they’re focused on, says Adams Nager, an economic research analyst at the Information Technology & Innovation Foundation in Washington. Mr. Nager says China is letting low-cost production shift out of the country and is focusing instead on capital-intensive industries such as steel and electronics where automation is a driving force.

via Why China May Have the Most Factory Robots in the World by 2017 – China Real Time Report – WSJ.

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