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Court activity on Aug. 16: Horizon Automotive Ltd. vs Texas Department of Motor Vehicles - Southeast Texas Record

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Mahindra opens its first automotive assembly plant in Sri Lanka - The Tribune India

Business
Posted at: Aug 17, 2019, 3:29 PM; last updated: Aug 17, 2019, 3:29 PM (IST)
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Mahindra opens its first automotive assembly plant in Sri Lanka
M&M claims it is the first major passenger car assembly unit in Sri Lanka with local sourcing. Reuters file

Colombo, August 17

Expanding its global footprint, Indian auto major Mahindra & Mahindra on Saturday opened its first completely knocked-down automotive assembly plant here in joint venture with Ideal Motors of Sri Lanka.

Mahindra & Mahindra (M&M) claims it is the first major passenger car assembly unit in Sri Lanka with local sourcing.

Christened Mahindra Ideal Lanka Pvt Ltd, the local assembly plant located in Welipenna near Colombo, on Saturday also rolled out its first product, the compact SUV, KUV100 petrol K6+ variant, which will be followed by other variants in the near future.

By local assembly and manufacturing operations, Mahindra Ideal Lanka is expected to save significantly in taxes, pricing the KUV100 close to 3.2 million Sri Lankan rupees (INR 12.85 lakh).

The assembly unit will enable the firm arrest high import duties in the island nation on completely built units, estimated to range from 100 to 300 per cent based on engine size or cubic capacity.

With an investment of 200 crore Sri Lankan rupees (around INR 80 crore), the plant will have production capacity of 5,000 units per annum.

Addressing the inauguration ceremony, Sri Lankan Prime Minister Ranil Wickremesinghe said he plans to make the country’s manufacturing export-oriented.

He also thanked his Indian counterpart Narendra Modi for the country’s assistance to the island nation.

Mahindra & Mahindra Managing Director Pawan Goenka said, “Investment of 2 billion Sri Lankan rupees is just the beginning. Five thousand capacity is just the beginning. Direct and indirect employment of 200 people is just the beginning. I believe that with the policy support from the government, we can do a lot more.”         

He added that with the Sri Lankan government promoting use of electric vehicles, the company hopes to be able to make a huge contribution to electric mobility in the island nation.

Mahindra Ideal Lanka will localise four components, namely battery, tyres, seats and exhaust.

“We all know we have a free trade agreement with India but we are not exporting automotive components to India, so here is a chance to actually accomplish that,” Nalin Welgama, Chairman of Ideal Motors, said.

Part of the USD 20.7 billion Mahindra Group, M&M has a range of utility vehicles and SUVs and is a major player in the tractor segment.

According to figures compiled by automotive industry association SIAM, M&M’s cumulative sales (including in India and exports) stood at around 6.18 lakh units in 2018-19.

Around 36,000 passenger vehicles are sold in Sri Lanka per year. However, the new vehicles market accounts for only 20 per cent of the overall sales, whereas the remaining 80 per cent is reconditioned or used vehicles mainly imported from Japan.

Mahindra & Mahindra holds 35 per cent of the share capital in the joint venture, with the remaining 65 per cent held by Ideal Motors and its affiliates. PTI

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Mahindra opens its first automotive assembly plant in Sri Lanka - The Tribune India

Business
Posted at: Aug 17, 2019, 3:29 PM; last updated: Aug 17, 2019, 3:29 PM (IST)
Also in this section

Mahindra opens its first automotive assembly plant in Sri Lanka
M&M claims it is the first major passenger car assembly unit in Sri Lanka with local sourcing. Reuters file

Colombo, August 17

Expanding its global footprint, Indian auto major Mahindra & Mahindra on Saturday opened its first completely knocked-down automotive assembly plant here in joint venture with Ideal Motors of Sri Lanka.

Mahindra & Mahindra (M&M) claims it is the first major passenger car assembly unit in Sri Lanka with local sourcing.

Christened Mahindra Ideal Lanka Pvt Ltd, the local assembly plant located in Welipenna near Colombo, on Saturday also rolled out its first product, the compact SUV, KUV100 petrol K6+ variant, which will be followed by other variants in the near future.

By local assembly and manufacturing operations, Mahindra Ideal Lanka is expected to save significantly in taxes, pricing the KUV100 close to 3.2 million Sri Lankan rupees (INR 12.85 lakh).

The assembly unit will enable the firm arrest high import duties in the island nation on completely built units, estimated to range from 100 to 300 per cent based on engine size or cubic capacity.

With an investment of 200 crore Sri Lankan rupees (around INR 80 crore), the plant will have production capacity of 5,000 units per annum.

Addressing the inauguration ceremony, Sri Lankan Prime Minister Ranil Wickremesinghe said he plans to make the country’s manufacturing export-oriented.

He also thanked his Indian counterpart Narendra Modi for the country’s assistance to the island nation.

Mahindra & Mahindra Managing Director Pawan Goenka said, “Investment of 2 billion Sri Lankan rupees is just the beginning. Five thousand capacity is just the beginning. Direct and indirect employment of 200 people is just the beginning. I believe that with the policy support from the government, we can do a lot more.”         

He added that with the Sri Lankan government promoting use of electric vehicles, the company hopes to be able to make a huge contribution to electric mobility in the island nation.

Mahindra Ideal Lanka will localise four components, namely battery, tyres, seats and exhaust.

“We all know we have a free trade agreement with India but we are not exporting automotive components to India, so here is a chance to actually accomplish that,” Nalin Welgama, Chairman of Ideal Motors, said.

Part of the USD 20.7 billion Mahindra Group, M&M has a range of utility vehicles and SUVs and is a major player in the tractor segment.

According to figures compiled by automotive industry association SIAM, M&M’s cumulative sales (including in India and exports) stood at around 6.18 lakh units in 2018-19.

Around 36,000 passenger vehicles are sold in Sri Lanka per year. However, the new vehicles market accounts for only 20 per cent of the overall sales, whereas the remaining 80 per cent is reconditioned or used vehicles mainly imported from Japan.

Mahindra & Mahindra holds 35 per cent of the share capital in the joint venture, with the remaining 65 per cent held by Ideal Motors and its affiliates. PTI

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Global Automotive Threaded Fasteners Market 2019 – Wrth, Araymond, ITW, KAMAX, STANLEY, Aoyama Seisakusho, Meidoh, LISI, NORMA - The Market-News 24

imageThe global “Automotive Threaded Fasteners Market” research report comprises of the basic insights that are relevant to the global market. The report being an all-inclusive one will be of great help to the users in order to understand not only the market trends, but also the size, forecast trends, production, share, demand, sales, and many such aspects.

Ask for sample link here: www.marketsnresearch.com/request-for-sample.html?repid=64621

What Global Automotive Threaded Fasteners Market Research Report Consists?

Overview of the Automotive Threaded Fasteners market which is nothing but the basic detailed information about the concerned market As far as the market segmentation [Stainless Steel, Iron, Bronze, Nickel, Aluminum, Brass, Plastic] is concerned, it is done on the basis of applications, end-users, types of product, services, and various other factors. The analysis of the Automotive Threaded Fasteners market is made much easier with the help of the market segmentation The global Automotive Threaded Fasteners market research report also includes the analysis of market position and market size Moreover, the factors driving the Automotive Threaded Fasteners market growth are listed. Not only the information is taken from reliable resources but it is authenticated by some of the experts in the industry.

Inquire about the report here: www.marketsnresearch.com/inquiry-for-buying.html?repid=64621

Additional Points Covered In The Report

The report consists of current trends as far as the global Automotive Threaded Fasteners market is concerned. It helps in the decision-making to the market players while making some crucial decisions The analysis of the Automotive Threaded Fasteners market, both the quantitative one and the qualitative one are given in the report The top-down as well as the bottom-up methodology were properly used for the information analysis. The Porter Five analysis was used and the SWOT analysis of the Automotive Threaded Fasteners market was done in order for the better understanding. Some of the important market players [Wrth, Araymond, ITW, KAMAX, STANLEY, Aoyama Seisakusho, Meidoh, LISI, NORMA, Nifco, Meira, ZF TRW, Precision Castparts, Topura, Chunyu, Boltun, Fontana, Sundram Fasteners, SFS intec, Samjin, Keller & Kalmbach, Piolax, B¶llhoff, EJOT Group, GEM-YEAR, RUIBIAO, Shenzhen AERO, Dongfeng Auto, Chongqing Standard] present in the Automotive Threaded Fasteners market are also given in the report along with the company strategies as well as the profiles of these companies The final section in the report is about the regional analysis [Automotive OEM, Aftermarket] of the Automotive Threaded Fasteners market.

Set of Chapters:

1. Automotive Threaded Fasteners Market outline

2. International Automotive Threaded Fasteners market Followed by makers

3. world Automotive Threaded Fasteners Market capability, Generation, Sales (Worth ) by Region (2019-2028)

4. world Automotive Threaded Fasteners Market provide (Production), Presence, Export, printed by Region (2019-2028)

5. International Automotive Threaded Fasteners market Production, Revenue (Worth ), value Trend by kind

6. International Automotive Threaded Fasteners marketing research by Application

7. Automotive Threaded Fasteners Market makers Profiles/Analysis

8. Automotive Threaded Fasteners Market producing analysis

9. Industrial Chain, Best Sourcing Strategy and Down-stream consumers

10. Marketing-strategy Analysis, Distributors/Traders

11. Market result sides designation

12. World Wide Automotive Threaded Fasteners Market Forecast (2019-2028)

13. Automotive Threaded Fasteners research Findings and call

14. Appendix

Research Objective :

Our panel of trade contributors moreover as trade analysts across the worth chain have taken vast efforts in doing this group action and heavy-lifting add order to produce the key players with useful primary & secondary data concerning the world Automotive Threaded Fasteners market. additionally, the report additionally contains inputs from our trade consultants that may facilitate the key players in saving their time from the interior analysis half. firms WHO get and use this report are going to be completely profited with the inferences delivered in it. except this, the report additionally provides in-depth analysis on Automotive Threaded Fasteners sale moreover because the factors that influence the shoppers moreover as enterprises towards this method.

Thanks for reading this article; you’ll be able to additionally get individual chapter wise section or region wise report version like North America, Europe, Asia-Pacific, South America, geographic area and continent.

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Sagar Tirmare Author

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Global Automotive Surround View Systems Market 2019 – Ambarella, Clarion, Continental, Fujitsu, Valeo, Delphi Automotive - The Market-News 24

imageThe “Automotive Surround View Systems Market” report contains wide-extending factual assessment for Automotive Surround View Systems, which enables the customer to separate the future complicity and estimate right execution. The advancement rate is evaluated dependent on insightful examination that gives the credible information on the worldwide Automotive Surround View Systems market. Imperatives and advancement points are merged together after a significant comprehension of the improvement of Automotive Surround View Systems market. The report is all around made by considering its essential information in the overall Automotive Surround View Systems market, the essential components in charge of the interest for its products and administrations. Our best analysts have surveyed the Automotive Surround View Systems market report with the reference of inventories and data given by the key players (Ambarella, Clarion, Continental, Fujitsu, Valeo, Delphi Automotive, Mobileye, Xilinx, OmniVision Technologies, Spillard Safety Systems, Renesas Electronics Corporation, Texas Instruments), flexible sources and records that help to upgrade cognizance of the related methodological conditions.

Ask for sample link here: www.marketsnresearch.com/request-for-sample.html?repid=64447

The Automotive Surround View Systems market report shows a point by point division (Touch Screen Control, Infrared Remote Control, Other) of the overall market reliant on development, product type, application, and distinctive techniques and systems. The point-to-point elucidation of the Automotive Surround View Systems market’s assembling system, the usage of advancement, conclusions of the world market players, dealers and shippers’ order, and the explicit business data and their improvement plans would help our customers for future courses of action and movement planned to make due in the Automotive Surround View Systems market.

The Automotive Surround View Systems market report includes the latest mechanical enhancements and new releases to engage our customers to the configuration, settle on taught business decisions, and complete their required executions in the future. The Automotive Surround View Systems market report moreover focuses more on current business and present-day headways, future methodology changes, and open entryways for the Automotive Surround View Systems market. Nearby progression frameworks and projections are one of the key segments that clear up overall execution and incorporate key geological analysis (Commercial Vehicles, Passenger Vehicles).

Inquire about the report here: www.marketsnresearch.com/inquiry-for-buying.html?repid=64447

The overall Automotive Surround View Systems market is made with the fundamental and direct conclusion to exploit the Automotive Surround View Systems market and participate in business progression for imperative business openings. The correct figures and the graphical depiction of the Automotive Surround View Systems market are shown in a represented strategy. The report shows an examination of conceivable contention, current market designs and other basic characteristics all around the world.

Thanks for reading this article; you’ll be able to additionally get individual chapter wise section or region wise report version like North America, Europe, Asia-Pacific, South America, geographic area and continent.

Author Details

Avatar

Sagar Tirmare Author

Sorry! The Author has not filled his profile.

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Free Review:

If you are looking to increase your insurance coverage on your vehicle, the insurance company may require you to obtain a certified auto appraisal.   If you have a custom car, truck or motorcycle, the insurance company won't pay you more than book value. Get a stated value appraisal to cover money spent customizing your vehicle.  Have a collector or exotic vehicle?  Book value does not justify the vehicle value  In case you are in an accident, have a certified auto appraisal done.  Contact us today for a Free Evaluation!

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Pinnacle Auto Appraisers Will Professionally Evaluate Your Vehicle!

FLEET VEHICLES:

Pinnacle Auto Appraisers prides itself on quickly handling large amounts of vehicles. We routinely handle fleets for: vans, trucking, limousine, shuttle, buses, SUV, corporate, taxi, dealership, clubs, rental, and delivery companies. We handle large national chains, small family businesses, and car club appraisal(s).

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Pinnacle Auto Appraisers Offers Quality Fleet Appraisals!

Accident:

If you were involved in an accident and the insurance company deemed your vehicle a total loss, we can help.  If you don't agree with the insurance company's offer, you have the right to hire an independent certified appraiser to determine the actual cash value of your vehicle.  Our certified appraiser will go to the vehicle location, conduct the inspection and complete a certified total loss appraisal on your vehicle.  Total loss claims do require a negotiation phase which we will take care of for you at no additional charge!

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Let Pinnacle Auto Appraisers Help After A Crash!

CAR CLUBS & REPAIR SHOPS:

Our Appraisers are repair shop and car club fanatics! We enjoy when local and national clubs invite us out to their local gatherings. We offer an appraisal discount that lasted all month. We love everything that has an engine and drives on the road. We do our best to help everyone in need of an appraisal!

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Pinnacle Auto Appraisers - We Value Car Clubs and Repair Shops!