Mahindra Logan sales increased marginally in May 2010

Mahindra Logan, the only sedan model in the Mahindra & Mahindra's India portfolio is not seems to be overcoming its dismal performance in India as the company has reported a marginal increase of 5 % in its sales during the month of May 2010, as against the same period of last year. The company has managed to sell only 450 units of this car in India during this month, as compare to 427 units sold in the month of May 2009. The dismal performance of Logan came even after announcement of Rs 80,000 discount by the company in April 2010. However, the sales figure in the month of May 2010 was considerably well as compare to the sales of April 2010, during which only 303 units of this car were sold in India.




Mahindra-Renault joint venture came to an end in April 2010, after Renault sold its stake in JV to Mahindra Group due to the issues on prising and designing of the Logan sedan. This restructuring of the deal was a result of lowering down sales of the Logan over the years. Where the Mahindra was keen on reducing the size of the sedan so that it could qualify for the small car segment and would be able to receive a excise duty cut, the Renault wanted to keep the original size of this car. According to a statement given by Mahindra's spokesman to a leading business daily, It will not be proper to compare the sales figures of May 2010 with same month of last year as the company hasn't provided a price cut in May 2009 and sales were lowering down. The comparison should be done with April this year, when a discount of 80,000 was there. Only 44,000 units of this car have been sold in India since its launch in year 2007.
Source:- Mahindra Logan sales increased marginally in May 2010 - New CarsSource URL: https://nensycarblog.blogspot.com/search/label/Mahindra%20Renault
Visit NENSY CAR BLOG for Daily Updated Hairstyles Collection

Renault aims high for the Indian market

Renault, a France based leading car maker, is eying on establishing itself as a major player in the Indian car market with launching a series of new vehicles in India, in coming five years. It is expected that the company will come-out with as much as 4 new car models in India across different segments. However, the Renault India has to establish its own dealership base in the Indian market as after parting ways with Mahindra & Mahindra the company hasn't left with any dealership in India. The company is aiming to establish a large dealership base of 70 dealers in the country by year 2014.




Renault Fluence, which is a luxury saloon, is among the first one to enter in India in the second quarter of next year. The Fluence model is expected to be priced in the range of Rs 12 to 13 lakh and will possibly compete with other popular cars of this range including Skoda Laura, Honda Civic and Toyota Corolla Altis. The Fluence will be followed by luxury SUV Renault Koleos, which will possibly be launched in the Indian market by the end of 2011. It is expected that the company will place this SUV in the price segment of Rs 17 to 18 lakh. Both of these models will be imported as CKD (Completely knocked Down) units in the Indian market and will be assembled at company's Oragadam plant near Chennai. Besides this, the company is also planning to launch a new car in the compact-car segment in India by year 2012. The car will be developed at a platform shared with Nissan Motors in India. With this, the company is also expected to launch its Clio model in the Indian market, which has been phased-out in the European market. However, there is no announcement from the company's side regarding the launch of this model in Indian market.
Source:- Renault aims high for the Indian market - New CarsSource URL: https://nensycarblog.blogspot.com/search/label/Mahindra%20Renault
Visit NENSY CAR BLOG for Daily Updated Hairstyles Collection

Mahindra bids for S Korean SUV maker Ssangyong

Mahindra & Mahindra, country's largest SUV maker has made bids to buy Ssangyong Motor Corp, a South Korea’s bankrupt firm. Interestingly, Renault group, a France based leading car maker which has recently ended a 5 year old joint venture with Mahindra group, has also made bids for this Korean firm. The Mahindra and Renault had entered into a partnership in year 2005 when both of the companies started manufacturing Logan sedan in India. But due to the recently surfaced differences on the issues like pricing and designing the joint venture came to an end in April 2010.



The bidding value for Ssangyong Motor Corp, which has around 2% market share in the Korean market, is expected to be in the range of $300-$500 million. The company sales some of the popular SUV's in the Korean market including Rexton and Kyron which will definitely help Mahindra & Mahindra in enhancing its operations in markets like South-Korea if it gets succeed in buying this bankrupt firm.

Company's expertise lies in turning around sick companies and therein lies the primary synergy for its interest in the company. It has identified value in this company and therefore, has put in a bid for the same, said Mr Pawan Kumar Ruia, in a statement to a leading business daily.

Source:- Mahindra bids for S Korean SUV maker Ssangyong - New Cars

Source URL: https://nensycarblog.blogspot.com/search/label/Mahindra%20Renault
Visit NENSY CAR BLOG for Daily Updated Hairstyles Collection

All new Mahindra Logan to be launched soon

Mahindra & Mahindra, which has recently snapped its ties with Renault group, is now eying at launching a new and revived version of its Logan sedan in India. The Logan model was launched in India in year 2005, under the name of Mahindra-Renault joint venture, but since last few years the sales of this model went down to a very low level. It is expected that the company will initiate a fresh campaign in June this year, to enhance Logan's market presence and popularity. Company is claimed to be planning to reduce the length of this car by 4 meters, so that it can avail the excise duty cut from the government. The car will possibly be launched with a new name as well.



In the short-term company is eying to start a new campaign that will bring out the functional benefits of Logan, said Rajesh Jejurikar, chief executive, automotive division, Mahindra. Mahindra will change the name after December, when Renault goes out of the budging. The agreement also allows the company to bring the length of car under 4 meters, he added. Mahindra has recently announced a whooping 50,000 discount on its Logan model, just after buying the Renault's stake in the joint venture. By cutting on cost, the company is trying to add momentum to the product. As it starts selling, resale value will rise, Mr Jejurikar added.

Source:- All new Mahindra Logan to be launched soon - New CarsSource URL: https://nensycarblog.blogspot.com/search/label/Mahindra%20Renault
Visit NENSY CAR BLOG for Daily Updated Hairstyles Collection