Vietnamese carmaker VinFast Trading and Production Limited Company has finalized a contract with leading car designer Pininfarina for the development of two cars, an SUV and a sedan.
The two models to be developed by Pininfarina are the two most voted designs by
Vietnamese consumers in “VinFast car vote contest” launched in October, 2017. After unveiling 20 concept designs submitted by world-famous design houses including Pininfarina, Vinfast asked customers to vote which they thought were both “in line with world trends” and fitting with “Vietnamese tastes and demand”. Nearly 62,000 participants voted in the contest. The Sedan and SUV designs that collected the most votes were the two that Pininfarina will develop.
“The direct involvement of Pininfarina, one of the world’s biggest design brand, is expected to bring modern beauty while retaining Vietnamese identity to the first two VinFast car models”, said Mr. Quang Viet Nguyen, Vice President of Vingroup.
VinFast is likely to be the Country’s first car brand bringing the ambition to change automotive landscape in Vietnam. The target is to produce 500,000 vehicles in the country by 2025 and to launch the first car in September 2019.
Vinfast is a member of Vingroup – one of the largest companies in Vietnam. The Company expects to initially produce between 100,000 and 200,000 Vinfast-branded vehicles per year, including five-seat sedans, seven-seat SUVs, and electric motorbikes. Vinfast has since taken several steps to prove it intends to take a serious hold on Vietnam’s car market, including the appointment of James B. DeLuca, a former executive vice president of General Motors, as its general manager. DeLuca will be charged with the construction, operation, and development of the SUV and sedan segments.
Kia Motors has previewed its flagship luxury sedan, the K900, ahead of its world debut later in the year.
The new model combines sophisticated exterior design, effortless performance and a spacious cabin distinguished by luxurious materials and elegant styling. New technologies protect occupants, enhance interior comfort and give the driver greater confidence at the wheel.
Created through joint efforts by Kia’s designers in Korea and in the U.S., the new K900 will be manufactured at the company’s production facility in Korea. The new flagship sedan will go on sale in selected global markets from the second quarter of 2018.
Volvo Cars, the premium carmaker, today launched its new three-cylinder Drive-E powertrain in the XC40, the company’s first entry into the compact SUV segment.
The new powertrain is the first three-cylinder engine in the company’s 91-year history.
The all-new 1.5 litre, three-cylinder, direct-injection petrol engine was developed in-house using the same modular design as Volvo’s four-cylinder Drive-E engines. The three-cylinder powertrain comes with a manual six-speed transmission. An optional automatic eight-speed transmission will follow next year.
In line with Volvo Cars’ strategy to continue improving economies of scale, the engine will roll off the same production lines as the company’s four-cylinder petrol and diesel engines.
“Our new three-cylinder engine is an exciting development for the XC40 and for Volvo Cars in general,” said Alexander Petrofski, senior director cluster 40 at Volvo Cars. “This compact engine design provides the flexibility we need as we introduce more powertrain options for XC40 customers.”
Volvo’s current D3 150hp diesel and T4 190hp petrol engines are also added to broaden the XC40 engine offer.
Furthermore, the new three-cylinder powertrain has been deliberately designed for integration into Twin Engine plug-in hybrid cars. A hybridised as well as a pure electric powertrain option for the XC40 will be added later.
XC40 customers now also have more choice in trim levels, including base, the launch variants Momentum and R-Design, plus the luxurious new Inscription level.
The Inscription trim offers exterior styling choices with 18”, 19” or 20” rims, unique skidplates, side window and grill mesh chrome, plus model-specific car colours. Inside, Inscription adds a newly designed crystal gear knob and the attractive Driftwood deco, which Volvo first introduced in its award-winning XC60 mid-size SUV.
XC40 customers can further express themselves with accessories like the 21” Black Diamond Cut alloy wheels, and the new accessory styling kit that offers brushed stainless steel skidplates and integrated dual tailpipes.
“The new XC40 is a youthful car that suits drivers with a strong sense of individuality,” said Alexander Petrofski. “We want our customers to be able to make a statement their way – subtle or otherwise – and so we want to offer them more choices, both in performance and styling.”
Note: Items included for each trim level may vary market to market. XC40 customers are advised to check with their local Volvo dealer for market-specific details.
Volvo Car Group in 2017
For the 2017 financial year, Volvo Car Group recorded an operating profit of 14,061 MSEK (11,014 MSEK in 2016). Revenue over the period amounted to 210,912 MSEK (180,902 MSEK). For the full year 2017, global sales reached a record 571,577 cars, an increase of 7.0 per cent versus 2016. The results underline the comprehensive transformation of Volvo Cars’ finances and operations in recent years, positioning the company for its next growth phase.
About Volvo Car Group
Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 571,577 cars in 2017 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.
In 2017, Volvo Cars employed on average approximately 38,000 (30,400) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).
Tata Motors today inaugurated its 22nd commercial vehicle dealership in the State of Maharashtra through Ujwal Automotives Pvt. Ltd. in Nashik
With this new facility at Nashik, Tata Motors has 55 such 3S facility in the state of Maharashtra with Sales, Service and Spare parts
Tata Motors today inaugurated its 22nd commercial vehicle dealership in the State of Maharashtra through Ujwal Automotives Pvt. Ltd. in Nashik. The new state-of-the-art dealership facility has been developed on over 41,000 sq.ft of land, providing customers with a complete sale, service and spares experience, for Tata Motors’ complete range of commercial vehicles.
Located at Mumbai Agra highway, the new 3S facility’s after-sales service arrangement has a capacity to cater to 36 vehicles a day. Equipped with 14 bays staffed by professionally trained technicians, it also offers amenities such as an advanced full range wheel alignment unit, an air-conditioned customer lounge, driver’ restrooms etc.
Commenting on the occasion, Mr. Girish Wagh, President, Tata Motors CVBU, said, “Tata Motors is continuously enhancing the coverage and capacity of our network to cater to the increasing needs of our ever-growing customer base. We are happy to extend the responsibility of Nashik territory to our existing dealer of Dhule – M/S Ujwal Automotives to expand our services on the busy Mumbai – Agra National highway at Nashik, a very key market in Maharashtra. With a very encouraging demand for our commercial vehicles, this facility being inaugurated today, will help create long-term value for the Tata Motors brand. Ujwal Automotives is a Full range dealer and will be catering to both Cargo and Passenger segments of commercial vehicles in Nashik District. Qualified and skilled staff members will make the whole experience of purchasing and owning a Tata Motors commercial vehicle a truly beneficial. With this new facility, Maharashtra state has the highest number of 55 such 3S dealership facilities for sales, service and spare parts in addition to the 93 Tata Authorized Service stations (TASS), totaling 148 service facilities to be able to serve our growing base of customers and their vehicles”.
Mr. Ashish Kishor Patil, Managing Director, Ujwal Automotives said, “We are extremely delighted and privileged to continue our partnership with Tata Motors and now happy to be present in Nashik as well. At our new state-of-the-art dealership, customers can experience a host of primary and value-added services for Tata Motors entire range of commercial vehicles, through trained personnel. The new facility in Nashik, offers a contemporary-styled hub for Sales, Service and Spare Parts and is spacious, for a comfortable purchase and service experience.”
The inauguration of a new dealership is part of Tata Motors’ strategy to leverage the substantial demand of commercial vehicles in Maharashtra. It also helps the company retain its distinction of being the leading commercial vehicle manufacturer with the largest sales and services network for commercial vehicles in India.
About Tata Motors
Tata Motors Limited, a USD 42 billion organisation, is a leading global automobile manufacturer of cars, utility vehicles, buses, trucks and defence vehicles. As India’s largest automobile company and part of the USD 100 billion Tata group, Tata Motors has operations in the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 76 subsidiary and associate companies, including Jaguar Land Rover in the UK and Tata Daewoo in South Korea. In India, Tata Motors has an industrial joint venture with Fiat. Engaged in engineering and automotive solutions, with a focus on future-readiness and a pipeline of tech-enabled products, Tata Motors is India’s market leader in commercial vehicles and among the top in passenger vehicles with 9 million vehicles on Indian roads. The company’s innovation efforts are focused on developing auto technologies that are sustainable as well as suited. With design and R&D centres located in India, the UK, Italy and Korea, Tata Motors strives to pioneer new products that fire the imagination of GenNext customers. Abroad, Tata cars, buses, and trucks are being marketed in Europe, Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS, and Russia.
Mumbai, February 19, 2018: Mahindra & Mahindra Ltd (M&M Ltd), a part of the US $19 billion Mahindra Group, announced in the presence of the Government of Maharashtra, that it would make an additional investment at its Chakan plant in Maharashtra. As part of its expansion plans, the company will invest over Rs. 500 crores in its Electric Vehicle (EV) Project under the new EV Policy of the Government of Maharashtra.
The investment for EV and EV Components is in addition to its ongoing expansion plan in Chakan which includes an initial investment of Rs. 6,500 crores. This additional investment of Rs. 500 crores will be utilized towards product development and capacity enhancement for electric vehicles and related components.
The MoU was signed by Shri Sunil Porwal, Additional Principal Secretary (Industries), Government of Maharashtra and Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Ltd. in the presence of Shri Devendra Fadnavis, Hon’ble Chief Minister, Government of Maharashtra and other dignitaries present at the Magnetic Maharashtra Conference currently underway in Mumbai.
Speaking on the occasion, Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Ltd. said, “We are delighted to announce the next phase of our Electric Vehicles expansion plan at Chakan and would like to thank the Government of Maharashtra for its new EV Policy which is a proactive step in electric mobility. The implementation of projects under this EV Policy will certainly make the state a leader in manufacturing of EV and EV components, promoting greater use of these vehicles. We have no doubt that the state will attract large EV related investments and emerge as a front runner in the EV race.”
Dr. Goenka further added, “The Mahindra Group along with Mahindra Electric Mobility Limited (MEML) is at the forefront of promoting electric mobility which could result in a paradigm shift in the passenger commuting segment, considerably mitigating air pollution. I am sure that with this expansion, the Mahindra Group will continue to play an integral part in the development of not only the region of Chakan but the state of Maharashtra, as well as the Indian auto industry, in time to come. We would like to showcase for the whole country the viability and benefits of EV through our EV Project. This is the next step towards the journey of achieving Mahindra’s vision of the “Future of Mobility” and encompasses the “5C” framework of Clean, Convenient, Connected, Clever and Cost effective. We are thankful to the Government of Maharashtra for their continuous and unstinted support.”
The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.