Hyundai Grand i10 Nios will compete with some best selling cars like Maruti Suzuki Swift, Ford Figo and the upcoming Renault Triber. It is expected to be priced in the Rs 5 lakh to Rs 8 lakh range.
Mahindra Ideal Lanka will assemble KUV100 with a production capacity of 5,000 units per year. The joint venture company will localise four components -- batteries, tyres, seats and exhausts.
"We evaluated many companies globally providing predictive maintenance solutions and found Predictronics' product offerings and solutions to be a clear differentiator," said Rajesh Narasimhan, Board Member of TVS Motor Company and CEO of TVS Motor Singapore.
The Bajaj Pulsar 125 Neon will be available in two variants. The standard drum brake version is priced at ₹ 64,000 and the front disc brake variant is priced at ₹ 66,618 (ex-showroom prices).
The slowdown in auto sales stems from a severe liquidity crunch in the non-banking financial sector which has dried up lines of credit to both auto dealers and potential car buyers.
The auto industry has witnessed 2.15 lakh job losses due to the slowdown. Nearly 300 dealership outlets have vanished, resulting in two lakh people losing jobs. Another 15,000 job losses have been reported by original equipment manufacturers (OEMs), SIAM said.
The entry-spec Era variant is not offered in any of the new exterior colour options while Aqua Blue is only available from the Sportz variant onwards. The Grand i10 Nios will miss out on Flame Orange, Marina Blue and Star Dust colour options that are offered on the second-gen model.
A 12th class pass out, the youngster always dreamt of making helicopters and feels content to drive his "helicopter car" on the road even if he cannot fly one.
The South Korea auto giant is set to roll out another variant of i10 and is already generating enough curiosity among car lovers.