Friday, August 28, 2009
'India to be car manufacturing hub'
Nissan’s move to shift its small car production to India points to the growing importance of India in small car manufacturing, which was initiated by the government by way of lower
manufacturing tax (excise duty) on them.
The rising scale of small car production in India also sweetens the deal in favour of the country as component makers have improved on quality and scale, making them a safe and a reliable bet.
Lower wages in the market, along with relatively high engineering skills, is another big advantage that attracts companies. Korean carmaker Hyundai was perhaps the first company to have realised the benefits as it shifted the production of its entire small car portfolio to India. These include models like i20, i10, Getz and the Santro, all of which make their way to Europe.
Maruti Suzuki is the other carmaker to be focusing on this, and has started the manufacture of export-intensive model like A-Star exclusively in India that is also retailed across Europe. In fact, Nissan buys the A-Star from Maruti and sells it in Europe, after badging it the Pixo.
Other companies catching on the trend include Toyota, Ford and General Motors, all of which have said they would manufacture small cars in Indian factories not only for the domestic market but also for overseas regions. Analysts said the presence of a large domestic market is among the first attractions for companies looking for a big manufacturing operation in India as it helps them go in for a big scale in terms of production volumes. Also, the fact that India is among the very few markets that is registering healthy growth—apart from China—is another reason that companies want their operations here to be strong.
“India will be a very important market for us in the coming years and emerge as a strategic production hub for Nissan globally,’’ Tokuyama said. Nissan looks to have a 6% market share over the next three years by when it plans to make five models locally and import four others.
Nissan to shift production of small car from UK to India
Forget China, it’s focus India for global automakers, courtesy small cars. In a move that reflects the growing stature of the Indian car industry globally, Japanese major Nissan has decided to shift the entire production of its small car Micra from the UK and relocate it to India. After production of the Micra begins here, Nissan plans to manufacture four more models in India, involving a total investment of over Rs 2,000 crore.
The move underlines the rush among automakers to rationalise production costs and move to locations that offer the best value and quality. “We have decided to shift the production of the Micra compact car from our UK plant and manufacture it in India at our upcoming factory at Oragadam, near Chennai,’’ Nissan India MD and CEO Kiminobu Tokuyama told TOI here.
The company’s Chennai plant will start production from May next year, and the export markets would be catered to from autumn, Tokuyama said. Nissan, he said, plans to meet Micra’s requirements for the entire European region as well as some other markets like the Middle East from the Chennai plant. “We plan to initially start with export volumes of 1.1 lakh units, which would be gradually scaled up to 1.8 lakh units as the demand goes up,’’ Tokuyama said.
But what prompted the step? “There are many benefits in India, including a high-quality vendor base that is also cost-effective, leading to globally-competitive pricing,” Tokuyama said. Nissan will thus emulate companies like Hyundai and Maruti Suzuki, which make small cars in India to export to Europe. Growing India mkt a big draw for auto majors
source:timesofindia
Thursday, August 27, 2009
Nokia unveils its first Linux phone
The world's largest handset maker, Nokia unveiled on Thursday its first phone running on Linux software, aiming at improving its offering at the top end of the market.
The focus of cellphone business has shifted to services and software following Apple and Google's entrances to the market in the last two years.
Nokia also unveiled a new Solutions business unit, which aims to better tie together its phone operations and new mobile Internet services offering.
The Finnish firm has been looking for business opportunities from offering services like music downloads or games to cellphone users as the handset market itself is maturing, but so far its offerings have gained limited traction.
"As Nokia announces the software platform that will drive its future services aspirations it created a dedicated solutions unit -- the challenge will be to ensure that all these elements work in harmony in the face of fierce competition from Apple and Google," said Ben Wood, head of research at CCS Insight.
Nokia has kept its overall market share stable, close to 40 percent, but it has lost share among more expensive models to the likes of Apple.
Birth rate pushes UK population to greatest increase in almost 50 years
As population tips 61.4 million, birth and death rates overtake immigration as biggest growth factor for first time since 2001
The UK experienced its greatest population increase in almost half a century last year, with higher birthrates pushing the number of people living in the country above 61 million for the first time. The growth came despite a fall in immigration from eastern Europe.
According to the Office for National Statistics, there were 408,000 more people in Britain in 2008 than in the previous year.
That takes the total population to 61.4 million – an increase of more than 2 million since 2001.
The last comparable increase was in 1962, when the population grew by 484,000.
For the first time in nearly a decade, changes in birth and death rates have overtaken immigration as the biggest factor affecting population growth. The increase was driven by a baby boom as fertility rates have reached their highest level for 15 years.
Statisticians said the increase was caused partly by higher fertility rates among British nationals, and partly by immigration, as foreign-born mothers tend to have more children. There are also more women of child-bearing age in the UK today.
There were 791,000 babies born in the UK last year, an increase of 33,000 on a year earlier, and almost twice the rise seen at the start of the decade.
Despite the increase in births, the 2008 figures lag behind those of 1947, when the postwar baby boom pushed up population levels by 551,000.
Roma Chappell, an ONS statistician, described the latest figures as "quite exciting".
"You have to go all the way back to 1993 to find a time when the fertility rate went higher," she said.
"For the first time in a decade natural change exceeded net migration as the main driver of population change."
Babies, however, are not the only boom sector of the population; there are now 1.3 million over-85s, making up 2% of the total.
The population is now growing by a rate of 0.7% every year, more than double the rate in the 1990s and three times the level of the 1980s.
The population rise was the greatest since modern records began in 1972 and more than twice the increase of 2001, when the population rose by 201,000.
The new figures also suggest the global recession has had a dramatic effect on European migration to the UK, with a net fall of 44% to 118,000, the lowest since EU enlargement five years ago.
Arrivals from the so-called A8 eastern Europe countries that joined the EU in 2004 fell by 28% from 109,000 to 79,000 in the year to December 2008.
The number of eastern European immigrants who went home in the same period, meanwhile, was up more than 50%, to 66,000. The number of A8 workers registering for employment in the UK fell 42% to 116,000 in the year to June this year.
The surge in Eastern Europeans returning home and the decline in arrivals meant they added only 13,000 to the total population last year.
Karen Dunnell, the ONS chief statistician, said the departures were probably due to the economic downturn.
"You have to say that probably the unemployment and the economic situation, given that quite a lot of people from the A8 countries are coming to work, is probably having an impact," she said.
Phil Woolas, the border and immigration minister, said the figures showed migrants were coming to work in the UK and then returning home.
"The fall in net migration is further proof that migrants come to the UK for short periods of time, work, contribute to the economy and then return home," he said.
He added that the government's flexible, points-based system had ensured that the UK had more control over who came to work or study in the country.
However, the shadow immigration minister, Damian Green, accused the home secretary of "sleeping on the job" over population growth and failing to properly control immigration.
"Alan Johnson says he doesn't lose sleep over Britain's population growth. Perhaps he should, instead of sleeping on the job," he said.
"These figures show our population is still rising fast, even when the recession is driving hundreds of thousands of people to leave.
"This puts added pressure on housing and transport, and shows that there is still no proper control over immigration numbers."
Tim Finch, head of migration at thinktank the Institute for Public Policy Research, said the figures showed high immigration levels were not inevitable, and attacked "irresponsible scaremongering" surrounding the issue.
"These latest figures for 2008 indicate that after a number of years in which net migration was high, it is now declining sharply – almost certainly because of a combination of the economic downturn, the short-term nature of much migration from new EU countries, and the impact of stronger controls and management put in place by the government," he said.
Finch said that immigration tended to be cyclical and added that much of the debate had been based on "the false assumption that high net migration into the UK was inevitable for years to come".
He went on: "Migration flows go both ways and we now need to be thinking about how our managed migration systems can continue to attract and retain the migrants we need to help our economy to recover and grow."
source :guardian
Satellites unlock secret of India's vanishing water
A team of experts has found the underwater supply in the region is being pumped and consumed by the burgeoning population, and could spark a major food and water crisis.
The study, led by Matthew Rodell from Nasa said groundwater across three states, including the New Delhi region, dropped at a rate of 1.6 inches per year between 2002 and 2008.
The map shows groundwater changes in India during 2002-08, with losses in red and gains in blue, based on GRACE satellite observations.
Harley-Davidson to expand into India
Harley-Davidson, Inc.(NYSE:HOG) announced today its plans to formally enter the motorcycle market in India, where it expects to start selling its iconic motorcycles in 2010. The company has established a subsidiary to be located in Gurgaon, near Delhi, and has begun the process of seeking dealers.
Harley-Davidson Motor Company President and Chief Operating Officer, Matthew Levatich, is an invited speaker at the Society of Indian Automobile Manufacturers annual convention on August 28, and will provide further details on the company’s plans then.
“As India continues to extend its global reach, so does Harley-Davidson,” said Levatich. “We believe Harley-Davidson has outstanding opportunities for continued growth around the world.”
The company’s current approach is to import its motorcycles, accessories and riding gear, and it will continue to evaluate how best to evolve its approach to the market as Harley-Davidson’s business in India grows.
“India is important to our long-term vision of being a truly global company,” said Harley-Davidson Inc. President and Chief Executive Officer Keith Wandell. “We are committed to India for the long term, and we are focused right now on establishing a strong foundation.”
India is the second-largest motorcycle market in the world, with sales dominated by small, inexpensive bikes used as basic transportation. However, India’s rapidly growing economy, rising middle class and significant investment in construction of new highways have opened the door to leisure motorcycle riding.
“Given the rapid development of India’s economy and physical infrastructure, this is exactly the right time to bring the world’s greatest motorcycles to one of the world’s largest motorcycling nations,” said Levatich. “Our unique brand, distinctive motorcycles and strong experience in the leisure motorcycle market make us naturally suited to help lead and define the next era of motorcycling in India.”
Harley-Davidson is the global leader in cruising and touring motorcycles and ranks as one of the strongest brands in the world, with motorcycle sales now in more than 70 countries.
“Harley-Davidson fulfills dreams for people around the world through life-changing products and experiences,” said Levatich. “The Harley-Davidson brand represents self-expression, adventure, the freedom of the open road, and belonging to a global community – a family of riders. We know the relevance of the Harley-Davidson brand rings true in India just as it does in other markets around the world.”
The company will focus its initial steps in India on growing the Harley-Davidson brand through a variety of consumer experiences and on establishing a local dealer network.
The Harley-Davidson subsidiary in India will be led by Managing Director Anoop Prakash, who said the company has begun the process of identifying initial dealers in Mumbai, Delhi, Bangalore, Hyderabad and Punjab State.
“As a key next step, we are looking for local dealer partners who share our passion and commitment to building customer relationships, the Harley-Davidson brand and our business in India for the long term,” said Prakash.
Harley-Davidson, Inc. is the parent company for the group of companies doing business as Harley-Davidson Motor Company (HDMC), Buell Motorcycle Company (Buell), MV Agusta and Harley-Davidson Financial Services (HDFS). Harley-Davidson Motor Company produces heavyweight custom, touring and cruiser motorcycles. Buell produces American sport performance motorcycles. MV Agusta produces premium, high-performance sport motorcycles sold under the MV Agusta® brand and lightweight sport motorcycles sold under the Cagiva® brand. HDFS provides wholesale and retail financing and insurance programs primarily to Harley-Davidson and Buell dealers and customers.
Tuesday, August 25, 2009
India's sports ministry against F1 race
India's sports ministry has rejected the idea of extending sports-linked customs duty exemptions that would have made it cheaper to import equipment being used for the construction of a Formula One race track.
India wishes to join the F1 grand prix circuit in 2011 on a course being built on the outskirts of New Delhi.
But the Times of India reported Tuesday that the Sports Ministry has refused to endorse the F1 race as a sports event, saying it would not have an impact on Indian sports "in terms of either participation, broad-basing or promotion of excellence."
"It would have no impact on the development of sports in the country," The Times quoted an unnamed Sports Ministry official as saying. "F1 is not purely sports. It is entertainment and this venture is a commercial initiative."
The Sports Ministry's refusal to endorse the duty exemption application from the construction firm building the race track will not affect its bid to bring F1 to India, but might raise the cost.
Samir Gaur, managing director of JPSK Sports, the company seeking to put India on the F1 map, said it would go ahead and complete construction of the race track.
"We're 200 percent committed to the F1 race in India," Gaur told the newspaper.
Indian billionaire Vijay Mallya is a majority shareholder in the Force India F1 team.
In flight
A Russian MIG-29 performs during the MAKS 2009 international aerospace show outside Moscow
A B-17 Flying Fortress, from the Yankee Air Museum performs a flyover prior to the NASCAR Nationwide Series at Michigan International Speedway in Brooklyn, Michigan
People standing near a Russian Tu-144 watch fighter jets perfoming tricks overhead during the MAKS 2009 international aerospace show outside Moscow
The aerobatics team "Russkie vityazi" (Russian Knights) in Su-27 fighter jets fly away from just-launched defensive flares during the MAKS 2009
A Canadian Navy CH-124 Sea King helicopter from the frigate HMCS Toronto flies by the terrain of Baffin Island along the shores of Frobisher Bay in the Canadian Arctic
A U.S. Chinook helicopter carries an M777A2 howitzer to a base in the outskirts of Spin Boldak, about 100 kilometers (63 miles) southeast of Kabul
The Virgin Galactic WhiteKnight2 mothership "Eve" makes its first public debut at the world's largest air show at Oshkosh, Wisconsin July 27, 2009. WhiteKnight2 is the largest composite aircraft ever built and will be the aircraft that ferries the first commercial SpaceShip2 aloft for passenger flight to space.
French military Patrouille de France Alphajet airplanes perform during the MAKS-2009 International air show in Zhukovsky, outside Moscow
A Macedonian army Mi-24 helicopter fires rockets during a military exercise at Krivolak's training centre, 100 km (60 miles) from Skopje, Macedonia
The Virgin Galactic WhiteKnight2 mothership "Eve" makes its first public debut at the world's largest air show at Oshkosh, Wisconsin . WhiteKnight is the largest composite aircraft ever built and will be the aircraft that ferries the first commercial SpaceShip2 aloft for passenger flight to space.
source:boston
Toyota Fortuner
Japanese carmaker Toyota Kirloskar Motor Pvt Ltd Monday launched its Sports Utility Vehicle (SUV) Fortuner here.
Priced at Rs 18.45 lakh (Rs.1.845 million) - ex-showroom in Delhi - Toyota Fortuner is now available in India only in its diesel variant.
Akira Okabe, senior managing director of Toyota Motor Corp, told reporters during the launch that Fortuner has sold 250,000 units in more than 60 countries since its launch in 2005.
The SUV, he said, would be assembled at its plant in Bidadi near Bangalore.
Delhi, Mumbai among world’s least expensive cities
According to a research by Swiss Banking major UBS, Delhi and Mumbai were at the bottom of the price range in the list of most expensive cities that surveyed 73 places worldwide.
On the other hand Oslo, Zurich and Copenhagen were ranked among the most expensive places with skyrocketing living costs in the world.
The findings come at a time when the food and commodities are getting dearer and a drought-like situation is likely to push prices further up.
Finance minister Pranab Mukherjee recently said the government is likely to resort to imports to maintain demand supply gap as production of foodgrains and agri-commodities are set to fall due to deficient monsoon. Interestingly, many cities spread across less developed economies were ranked ahead of the two major Indian cities in the list of most expensive places.
The survey highlighted that many of the world’s regions witnessed a switch in their rankings, in the wake of the financial crisis and fluctuating currency scenario.
“Currency devaluation pushed down prices in many emerging market cities. Prices slipped the most in Mexico City, Moscow and Seoul,’’ the UBS report said. Besides, London the second most expensive city in 2006, plummeted 20 places following the steep devaluation of the pound. The price spread between the most expensive and the cheapest city was the widest in Asia.
While Tokyo ranks as one of the world’s five costliest cities, Kuala Lumpur, Manila, Delhi and Mumbai form the lowest rung.
In terms of wages, workers in Tokyo earn the highest wages in Asia while employees in Copenhagen, Zurich, Geneva and New York have the highest gross wages.
By contrast, the average employee in Delhi, Manila, Jakarta and Mumbai earns less than one-fifteenth of what their counterparts in Switzerland earn on an hourly basis after taxes. Interestingly, an average wageearner in Zurich and New York can buy a i-Pod Nano from an Apple store after nine hours of work.
Ash inspires Vikram
Aishwarya Rai, who is a super-craze in the South (almost every second film mentions her in some dialogue or song), should be flattered. Tamil superstar Vikram has paid a tribute to her in his latest film Kanthaswamy by crossdressing as Ash and performing to her numbers from Taal and Devdas. One hears the audience in Tamil Nadu and Andhra Pradesh is so tickled by this particular sequence that there are seetis and claps galore. Incidentally, Vikram is also acting with Aishwarya in the Tamil version of Mani Ratnam’s Raavan. And it is said that Southern superstar is a huge fan of Ms Rai’s. But then who isn’t?