Nissan will develop a new truck engine and introduce nine models in India in the next four years

Nissan Diesel Motor (PINK:NSNDF), a subsidiary of Nissan Motor Co.Ltd. (TYO: 7201), is going to develop a new low-pollution engine for its trucks. The company acquired Swedish automaker, Volvo AB B (PINK: VOLVF), in 2007. Till now, Nissan Diesel used to buy engines from Hino Motors Ltd. ADR (PINK:HINOY) From now on, the company is going to use Volvo engines.

Nissan Motor’s manufacturing plant in Saitama prefecture in Japan will start sales of the new model in 2009. They will market 4-ton trucks.

On the other hand, Nissan Motors India Pvt. Ltd. is going to launch nine new car models in India in the next four years to strengthen its position in one of the fastest growing car markets in the world. The company will source these models from India. With that end in mind, Nissan and Resnault SA (EPA:RNO) are going to build a manufacturing plant in Chennai.

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Bloomberg

LG Electronics India Pvt. Ltd. launched LG p-300 laptop

LG Electronics India Pvt. Ltd., the subsidiary of famous South Korean consumer electronics producer, LG Electronics Inc. (SEO:066570), launched a new notebook model in India. Made for style conscious people who do not like to carry around a heavy laptop, LG P-300 is an ideal choice.

Dimension:

Screen size: 13.3 inches

Width: 21 mm

Weight: 1.6 kg

Color: Black rose and Wine rose.

Other features of LG P-300:

• The LG P-300 has 13.3 inch WXGA LED backlit screen with (1280*800) resolution. This makes the laptop ideal for 3d gaming, HD video and still picture viewing machine.
• The LG P-300 has comes with a back-lit screen that makes it ideal
• The LG P-300 comes with Nvidia Geforce 8400M graphics chip.
• The LG P-300 has 4GB DDR2 memory.
• The LG P-300 comes with 250GB SATA hard disk drive
• The LG P-300 has 2.1GHz Intel Core2 Duo Processor.
• The LG P-300 has 3MB L2 cache.
• The LG P-300 comes with realistic sound reproducing Surround System (SRS) high-output stereo speakers.
• The LG P-300 comes with 1.3 mega pixel webcam.

Price:

The LG P 300 will cost Rs. 75000.

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itvarnews.net

Samsung taking over the global laser printer market

Samsung Electronics Corporation (SEO:005930) observed a huge success in its laser printer sales. The company just took over 30.9% share of the global laser printer market with its color laser multi-function printers. According to the latest data of IDC, a reputed market research firm, Samsung’s A4 color laser multi-function printer sold more than 80,000 units in the second quarter of the current fiscal year. Samsung took over its competitors by a difference of 0.5% in Europe and Commonwealth Independent States (CIS), in the second quarter of 2008. Samsung printer took over 29.4% of the European color laser printer market. Samsung printers became the top selling printers in Italy, Germany, UK and other countries. In Italy, Samsung color laser printer acquired 47% of the market share.

This success is the result of Samsung’s innovative product launching activities and high investment in foreign markets. In the beginning of 2008, Samsung organized shows in Europe, South-East Asia and major markets, announced six new printers including CLX-3175FN, the smallest color laser multifunction printer and MultiXpress C8380ND, the fast laser multi-function color printer. Launching of such products in the second quarter pushed the company in the top spot.

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Al Bawaba

Hyundai Motor India Planning to Make India Export Hub for Small Car

Hyundai Motor India Limited (HMIL) has recently celebrated its 10^th anniversary of starting operations in India. Within 10 years, the South Korean auto giant has already been the second largest passenger car manufacturer in India after Maruti Suzuki. However, in terms of number of sales units exported to other counties, Hyundai India has become the largest exporter of car in India.

Now, Hyundai Motor is planning to make India its export hub for small cars after experiencing huge success thanks to its hatchback new compact car model, Hyundai i10. After i10, the company is now coming up with i20 by the end of this year.

The Hindu reported:

“We will be rolling out the ‘i20’ by this year-end that would be manufactured exclusively in India and exported worldwide. We have decided to make India our global export hub for small cars,” said HMIL Managing Director H. S. Lheem while kick-starting the 10th anniversary celebrations of Hyundai’s operations in India.

Hyundai i10 is manufactured in India and is currently exported to 96 various countries across the world. Reports have it that Hyundai India is also seriously contemplating to get into US car market with a domestically manufactured product. Since the launch of Hyundai i10, the company has seen excellent response both in the domestic as well as in the abroad market. Now, i20 is also expected to make a huge mark in its export volume from India.

Now, Hyundai is interested to make India its export hub, considering the cheap labor as well as less production cost. Thus, Hyundai India can easily compete with other competitor companies in different markets in the world. Recently, Hyundai i10 will start third shift at Chennai manufacturing plant. Earlier in February, Hyundai Motor India Ltd started its second plant in China, taking the sales volume to 600,000 units. Naturally, Hyundai Motor has found India as its export hub for small cars.

Hyundai Motor India Wants to Become No. 1 Car Manufacturer in India

Hyundai Motor India wants to become India’s no. 1 car manufacturer replacing current market leader Maruti Suzuki. Hyundai Motor India is currently at no. 2 in India’s domestic car market in terms of market share. Hyundai Motor India Limited is a subsidiary of South Korea based auto giant Hyundai Motor Company. Hyundai India currently holds 22 percent of total car market in India.

Hyundai Motor India, however, has been the major exporter from Indian market. The company experienced a huge success this year thanks to its new hatchback compact car, i10, a model Hyundai is currently exporting to 96 countries from India. By the end of this year, Hyundai will launch its upcoming i20 model that will be followed by i30 as well. The company is now planning to make India its export hub for small car.

Merinews reported:

HMIL said in a statement, "We hope to become the Number One car major." The company’s current market share in the domestic car market stands at 22 per cent and it hopes to raise that bar in due time.

Aiming to become the largest car manufacturer of India’s fastest growing car market, Hyundai Motor India has made an excellent decision. The potential of Indian car market is still vastly unearthed and the market will keep growing for a number of years now. Indian has the second largest population in the world. So, if Hyundai can continue tis success at this rate, then it is very possible for Hyundai to outdone Maruti Suzuki that currently holds 40 percent of market share in India.

Hyundai Motor to Reach 2 Million Sales Mark in India this Year

Hyundai Motor India Ltd. is aiming to sell over 2 million vehicles this year in Indian car market. Being the largest car exporter in India, Hyundai Motor India is now eyeing on increasing its sales volume in the domestic market, besides expanding its global market share. So far, the automaker sold 1.91 million vehicles this year and it is pretty much confirmed that the sales volume would easily exceed 2-million mark by the year end.

The South Korean automaker might experience a surge in its sales once Hyundai i20, the company’s upcoming model, will hit the Indian market by the end of this year. Hyundai Motor is India’s second largest car maker in terms of sales volume and the company has seen extensive growth over the last ten years since it started its activities in India’s fastest growing car market.

Earlier this year, Hyundai launched i10 model that brought huge success for the car maker both in Indian as well as in other markets. At present Hyundai i10 is being exported to 96 countries from India. Hyundai is now planning to make India its export hub for small car. In February, Hyundai Motor opened its second manufacturing plant in Indian market, taking its annual sales volume to 600,000 units. It is clear that Hyundai is fascinated with Indian car market for a number of reasons. First of all, the production cost in India is much less than the cost in many other counties due to cheap labor. Secondly, Indian car market is increasing very fast and will keep increasing for a number of years to come. That means, Hyundai has the opportunity to grab more market share in India.

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Xinhuanet

Chintels India Ltd. is going to invest Rs. 18 billion in New Delhi

Famous Indian real estate firm, Chintels India Ltd. is planning to invest Rs. 18 billion in the next six years in Northern India. The company is aiming to earn Rs. 4 billion in revenue in that time period. Prashant Solomon, joint managing director, Chintels India Ltd. said:

"Seeing the potential in North India, we have decided to invest up to Rs 1,800 crore in the next six years, which will be put in residential, office, retail and SEZ projects,"

In New Delhi, the company is going to develop five commercial projects and few farm houses covering more 31 acres in the National Capital Region (NCR). The five commercial properties comprise of 3.9 million sq. ft. and the entire construction will finish within next 5/6 years.

The five commercial projects would cost Rs.9.15 billion. The money would be funded through equity and a debt ratio of 2:3.

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The Times of India