To ink contracts with Indian companies for the $10 billion IAF jet deal.
Saab Gripen, one of the six contenders in the $10-billion medium multi-role combat aircraft (MMRCA) deal, is looking to sign up Indian companies for components.
On the back of a flurry of deals signed by Boeing IDS and Lockheed Martin during the DefExpo 2008, Saab Gripen now wants to grab a slice of the pie. It plans to sign up Hindustan Aeronautics (HAL) and the Tata Group for offsets for its Gripen fighter aircraft.
Tuesday, April 29, 2008
Tuesday, April 22, 2008
Chennai SW Companies
| Company Name | AdventNet Development Centre (India) Pvt Ltd |
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Phones get cheaper, spares don`t
When Nikhil Kant, a young Delhi-based businessman, bought his Nokia N73m in March 2007, he paid Rs 22,000 for it.
Earlier this month, when Kant went to have the battery changed, he found out that though the price tag on N73 had shrunk to Rs 12,000, the battery price was unchanged at Rs 2,250! He decided against replacing the battery and instead bought a new handset.
Mobile phones prices have crashed between 25 per cent and 40 per cent in the last one year, but spare parts remain more or less where they were. Privately, several mobile handset makers said that they prefer to keep the prices of spare parts and batteries high so that customers go for new handsets. In other words, it is a carefully crafted strategy to push handset sales.
Since spares account for a very small part of the revenues of a mobile handset maker, low sales in this segment do not dent their top line in any significant way. KPMG Advisory Executive Director Romal Shetty reckons that for a large mobile manufacturing company, the revenue from spare parts would be less than 5 per cent.
“The mobile components usually do not see a price drop like phones, which is due to the fact that the margins are lower in this market,” said Motorola Mobile Devices Director (marketing) for India and South-West Asia Lloyd Mathias, adding: “Components are service products and not the main product; handsets will always be the main priority for us.
Earlier this month, when Kant went to have the battery changed, he found out that though the price tag on N73 had shrunk to Rs 12,000, the battery price was unchanged at Rs 2,250! He decided against replacing the battery and instead bought a new handset.
Mobile phones prices have crashed between 25 per cent and 40 per cent in the last one year, but spare parts remain more or less where they were. Privately, several mobile handset makers said that they prefer to keep the prices of spare parts and batteries high so that customers go for new handsets. In other words, it is a carefully crafted strategy to push handset sales.
Since spares account for a very small part of the revenues of a mobile handset maker, low sales in this segment do not dent their top line in any significant way. KPMG Advisory Executive Director Romal Shetty reckons that for a large mobile manufacturing company, the revenue from spare parts would be less than 5 per cent.
“The mobile components usually do not see a price drop like phones, which is due to the fact that the margins are lower in this market,” said Motorola Mobile Devices Director (marketing) for India and South-West Asia Lloyd Mathias, adding: “Components are service products and not the main product; handsets will always be the main priority for us.
Saturday, April 5, 2008
VW to invest Rs 1k cr more in Chakan plant
Volkswagen AG, Europe’s largest car-maker, plans to increase investment in its plant at Chakan, near Pune, by 41 per cent to produce the Skoda Fabia for the market.
Volkswagen will spend a total ¤580 million (about Rs 3,500 crore or $910 million) building the factory, said Christina Merzbach, a spokeswoman at the Wolfsburg, Germany-based carmaker.
The previously announced figure was ¤410 million (about Rs 2,500 crore or $640 million).
The added investment will pay for an assembly line for the Skoda brand’s Fabia model starting next year, Merzbach said. The plant, which will have the capacity to build 110,000 cars annually, originally was planned just to produce Volkswagen-brand models.
The Fabia is currently assembled at the Skoda Auto facility in Aurangabad.
On Thursday, Volkswagen India president Joerg Mueller said in Pune that the company was planning a bigger presence for its small cars in the Indian market in the next couple of years.
“We will manufacture the Polo at Chakan from 2010. The concept car Up!, unveiled at the Delhi Auto Expo in January, is in the process of development and will be the smallest car offered by the company,” Mueller said.
He pointed out that Volkswagen had no plans to compete with the Maruti 800 or the Nano. “We are developing Up! with a completely different technology. It is just a concept car and we won’t launch it before 2012,” he said.
The Polo would be priced at about Rs 4.30 lakh and the smallest model in this range, the concept car Up! would be available at about Rs 1.80 lakh.
The plant coming up at Chakan will have a flexible assembly line to make a range of cars. Volkswagen also plans to import its premier car models, Phaeton and Touareg, from May, Mueller said.
About other brands, Mueller pointed out that Volkswagen’s celebrated car Jetta would be on the Indian roads by the end of May. or some time in June. “We have priced Jetta between Rs 13 lakh and Rs 15 lakh. It will be assembled at the Aurangabad plant.”
The company is also planning a vendors park on a part of the 575-acre site at Chakan. “We are in the process of finalising a developer to set up the park. We have asked our vendors, suppliers and component makers to occupy space inside this park only,” Mueller said.
Volkswagen will spend a total ¤580 million (about Rs 3,500 crore or $910 million) building the factory, said Christina Merzbach, a spokeswoman at the Wolfsburg, Germany-based carmaker.
The previously announced figure was ¤410 million (about Rs 2,500 crore or $640 million).
The added investment will pay for an assembly line for the Skoda brand’s Fabia model starting next year, Merzbach said. The plant, which will have the capacity to build 110,000 cars annually, originally was planned just to produce Volkswagen-brand models.
The Fabia is currently assembled at the Skoda Auto facility in Aurangabad.
On Thursday, Volkswagen India president Joerg Mueller said in Pune that the company was planning a bigger presence for its small cars in the Indian market in the next couple of years.
“We will manufacture the Polo at Chakan from 2010. The concept car Up!, unveiled at the Delhi Auto Expo in January, is in the process of development and will be the smallest car offered by the company,” Mueller said.
He pointed out that Volkswagen had no plans to compete with the Maruti 800 or the Nano. “We are developing Up! with a completely different technology. It is just a concept car and we won’t launch it before 2012,” he said.
The Polo would be priced at about Rs 4.30 lakh and the smallest model in this range, the concept car Up! would be available at about Rs 1.80 lakh.
The plant coming up at Chakan will have a flexible assembly line to make a range of cars. Volkswagen also plans to import its premier car models, Phaeton and Touareg, from May, Mueller said.
About other brands, Mueller pointed out that Volkswagen’s celebrated car Jetta would be on the Indian roads by the end of May. or some time in June. “We have priced Jetta between Rs 13 lakh and Rs 15 lakh. It will be assembled at the Aurangabad plant.”
The company is also planning a vendors park on a part of the 575-acre site at Chakan. “We are in the process of finalising a developer to set up the park. We have asked our vendors, suppliers and component makers to occupy space inside this park only,” Mueller said.
Thursday, April 3, 2008
VW's Polo to be priced around Rs 4 lakh
Volkaswagen is expected to price its small car Polo above Rs 4 lakh, and is planning to import premium models Phaeton and Touareg from May.
Volkswagen will start production from its Chakan plant near Pune from January 2009. Joerg Mueller, president, Volkswagen India, said: "We will manufacture the small car Polo at the Chakan plant from 2010, and the car would be priced around Rs 4.35 lakh. The concept car Up, presented at the Delhi Auto Expo in January, is in the process of development. It would be the smallest possible car by Volkswagen, and could be priced around Rs 1.80 lakh."
He added that Volkswagen has no plans to compete with existing small car brands like Maruti 800 or Nano. "We are developing Up in a completely different way, and the technology is totally different from the one being used by Indian brands. Up is just a concept car, and we won't launch it before 2012," he said.
Mueller pointed out that Jetta would be on the Indian roads from May-end or June. "We have priced Jetta between Rs 13 lakh and Rs 15 lakh, and it would be assembled at the Aurangabad plant. Two other cars, Phaeton and Touareg, would soon be fully imported," he added.
Volkswagen will start production from its Chakan plant near Pune from January 2009. Joerg Mueller, president, Volkswagen India, said: "We will manufacture the small car Polo at the Chakan plant from 2010, and the car would be priced around Rs 4.35 lakh. The concept car Up, presented at the Delhi Auto Expo in January, is in the process of development. It would be the smallest possible car by Volkswagen, and could be priced around Rs 1.80 lakh."
He added that Volkswagen has no plans to compete with existing small car brands like Maruti 800 or Nano. "We are developing Up in a completely different way, and the technology is totally different from the one being used by Indian brands. Up is just a concept car, and we won't launch it before 2012," he said.
Mueller pointed out that Jetta would be on the Indian roads from May-end or June. "We have priced Jetta between Rs 13 lakh and Rs 15 lakh, and it would be assembled at the Aurangabad plant. Two other cars, Phaeton and Touareg, would soon be fully imported," he added.
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