Wednesday, August 24, 2016
By Avishek Banerjee
Renault India has officially launched the higher-powered version of the Renault Kwid, which is powered by a 1.0 L engine. The new model, which comes in two variants, which will be available at a starting price of Rs. 3.82 lakhs for RXT going up to Rs. 3.95 lakhs for RXT(O) (ex-showroom Delhi). The bookings for the new Kwid 1.0 litre are open in the country and the company is expected to start the delivery of the model in early September’16.
It is to be mentioned that the Indian arm of the French carmaker is already offering the A segment car with an 800cc (0.8L) engine priced between Rs. 2.64 lakhs and Rs. 3.73 lakhs (ex-showroom Delhi). The company will offer a 50,000 km/2 years warranty policy, extendable up to 80,000 km/4 years. Also on the anvil is the AMT version which will be mated to the newer variant.
“With this launch, we look forward to welcoming more customers into the Renault family as we endeavour to aggressively build our presence in India,” Renault India Country CEO and Managing Director, Sumit Sawhney told reporters while unveiling the model, adding, “We are producing 10,000 units of the Kwid every month. We can ramp up the production if required upon launch of the newer versions.”
It is to be mentioned that the Renault Kwid has been designed and developed by its global teams, including India, making it a global product. The new avatar of the Kwid by and large remains untouched in its style and design and the biggest change is under the hood. Powered by a 993cc, aluminium, DOHC, 3-cylinder, petrol engine that churns out 65hp of maximum power and 95 Nm of peak torque paired to a 5-speed manual transmission. The higher-powered Kwid delivers a mileage of 23.01 km/l, slightly lower than the 800cc one at 25.19 km/l.
The Kwid 1.0 also comes with various features like sporty designer graphics on the doors, pro-sense seat belt pre-tensioners with load limiters, among others. The car has also received safety features which include keyless entry, centre locking, front airbags and ABS.
The Renault Kwid is currently among the top 10 cars sold in the country and the company has sold over 80,000 units since its launch in September year. The company has till date registered 165,000 bookings for the car with more than 50% of buyers for the car are first time buyers and over 60% of them were less than 35 years of age. With more than 90% indigenisation, the hatchback is exported to certain countries. The company has already launched the car in Sri Lanka and is gearing up to do so in Nepal. The French carmaker is anticipating to achieve 5% marketshare in India and run 270 outlets in the country by the end of 2016.
Posted by INDIAN BUSINESS REVIEW at 1:52 AM
Monday, August 22, 2016
TAL Manufacturing Solutions Ltd. (TAL), a TATA Enterprise, and a wholly-owned subsidiary of Tata Motors, celebrated the dispatch of the 5000th Advanced Composite Floor Beam (ACFB) to Boeing for its 787-9 & 787-10 Dreamliner airplanes. The event was celebrated at a flag-off ceremony today, at TAL’s world-class, state-of-the-art aerospace manufacturing facility located in MIHAN SEZ, Nagpur.
The 5000th ACFB was flagged-off by Mr. Devendra Fadnavis, Chief Minister of Maharashtra, Mr. Nitin Gadkari, Union Minister for Road Transport, Highways & Shipping, in the presence of Dr. Dinesh Keskar, Sr. VP - Boeing Commercial and Dr. Pratyush Kumar, President - Boeing India, Mr. Rajesh Khatri, ED and CEO, TAL Manufacturing Solutions Ltd., Mr. Guenter Butschek, Managing Director and CEO, Tata Motors.
The celebration ceremony was accompanied by Finance, Planning, and Forest Minister, GoM – Mr. Sudhir Mungantiwar, Energy, New and Renewable Energy, GoM & Guardian Minister of Nagpur – Mr. Chandrashekhar Bawankule, Mayor of Nagpur – Mr. Pravin Datke, and other political, Government & industry dignitaries.
This is a major milestone in TAL’s progression towards world-class, long-term best-value offerings in the Aerospace domain. This has not only enhanced India’s stature in the global aerospace supply chain network but also demonstrates TAL’s capability to absorb new technologies and its commitment to be globally competitive. TAL’s success is a testimony of a collaborative industrial relationship, wherein Boeing has developed and enabled world-class technology and global best practices in India. Today, TAL is the only non-US facility to supply the ACFB to Boeing for its 787-9 Dreamliner & will supply this component to the new soon-to-be-built 787-10 Dreamliner. The ACFB are shipped to Boeing partners in Italy, Japan and the US.
Commenting on the occasion, Mr. Rajesh Khatri, ED & CEO, TAL, said: “The successful delivery of the 5000th ACFB to Boeing is a testimony to TAL’s impeccable quality and delivery performance. We are the only supplier outside US to supply Advance Composite Floor Beams to Boeing for its 787-9 & 787-10 Dreamliner airplanes and this is a testament to the ‘Make in India’ programme. We are proud of being the torch-bearer of Boeing’s manufacturing footprint in India and aspire to be their most preferred partner.”
Mr. Pratyush Kumar, Boeing India President, called it a major milestone not just for Boeing and TAL but also for India. “This is not just any part,” he said. “It represents a highly advanced form of composite manufacturing that enhances India’s stature in the global supply-chain network of Boeing. This is an excellent example of India bringing value to Boeing, and Boeing bringing cutting-edge technology to India – a truly win-win partnership.”
TAL has plans to invest in order to achieve desired growth. In fact, in the true Swadeshi spirit, it is planning to set up a lab-scale facility to further develop competencies in new technologies of composite manufacturing and aerospace assembly, which will be then grown at a rapid pace to fuel its next phase of growth.
Posted by INDIAN BUSINESS REVIEW at 4:47 AM
The Chennai-based Sheenlac Paints, ranked as the 6th largest paint company in India, has entered into a JV agreement with Jenson & Nicholson, which will enable both companies to leverage each other’s strength for growth and offer a complete range of paint solutions and products pan-India. The new entity would be called Jenson & Nicholson Paints Pvt. Ltd.
Addressing the media, Mr. Sudhir Peter, Managing Director, Sheenlac Paints, said: “Throughout its 5 decades of existence, Sheenlac has expanded mainly through organic growth; now the company sees ‘partnerships & alliances’ as the way forward. It is in this context that Sheenlac’s JV with Jenson & Nicholson is significant. This is a strategic move to gain traction in markets which are highly competitive. We are pioneers in the sense that Sheenlac is credited with 2 innovations in the market – first to launch a non-alcoholic wood polish and first to introduce Thinners in PET bottles.”
Mr. Peter added: “The brand power of JNIL combined with the reach of Sheenlac is expected to result in greater momentum for both the principal companies. Sheenlac has a robust channel presence of 15,000 touch points. The company has a strong R&D department and manufactures a wide range of products from 4 state-of-the-art, quality certified plants. The product range includes decorative paints, industrial coatings, wood polishes & auto finishes. The JV between JNIL and Sheenlac is in the ratio of 51:49 and an amount of Rs. 50 crores will be invested in the next 5 years.”
Mr. Sridhar Krishnamoorthy, CEO, Sheenlac, said: “J&N is a reputed brand and we are delighted to market its decorative products. Their tagline, “Whenever you see colour, think of us”, is still vividly recalled by customers.
“This move would significantly strengthen Sheenlac’s presence in the North and Northeast markets. Leading products of J&N include Robbialac, Decor, Rainbow, Safeguard and Special Effects. With this JV in place Sheenlac Group now has the complete range of products.”
Giving a background of the Indian paint industry, Mr. Krishnamoorthy added: “The current size of the paint industry is Rs. 35,000 crores and is growing between 12-13% annually. The per capita paint consumption in India is a little over 4 kg and very low compared to developed nations. Therefore, as the country develops and modernizes, the per capita paint consumption is bound to increase, giving us a clear advantage.”
According to Mr. Santosh Sridharan, COO, Sheenlac Paints: “Demand for paints comes from two broad categories. The unorganised sector controls around 35% of the paint market, with the organised sector accounting for the balance 65%. In the unorganised segment, there are about 2,000 units having small and medium sized paint manufacturing plants. Top organised players include Asian, Berger, Nerolac, Akzo Nobel, Shalimar, Jenson & Nicholson and Sheenlac.”
Decoratives: Major segments in decoratives include exterior wall paints, interior wall paints, wood finishes and enamel and ancillary products such as primers, putties etc. Decorative paints account for over 70% of the overall paint market in India. Asian Paints is the market leader in this segment. Demand for decorative paints arises from household painting, architectural and other display purposes. Demand in the festive season (September-December) is significant, as compared to other periods. This segment is price sensitive and is a higher margin business as compared to industrial segment.
Industrial: Three main segments of the industrial sector include automotive coatings, powder coatings and protective coatings. User industries for industrial paints include automobiles engineering and consumer durables. The industrial paints segment is far more technology intensive than the decorative segment.
The paints sector is raw material intensive, with over 300 raw materials (50% petro-based derivatives) involved in the manufacturing process. Since most of the raw materials are petroleum based, the industry benefits from softening crude prices.
Posted by INDIAN BUSINESS REVIEW at 4:11 AM
Friday, August 19, 2016
Ingersoll Rand launches Compressed Air Rental Services supporting customers in maximizing production and minimizing downtime
Compressed air is critical for most industrial processes. In a manufacturing environment, temporary needs for compressed air can arise at any time requiring quick action and the highest levels of efficiency and reliability when it happens.
Ingersoll Rand, a global leader in compressed air and gas systems and services, power tools, material handling, and fluid management equipment, responds to this market need with the launch of Compressed Air Rental Services. This new offering provides a wide range of compressed air solutions for rent now in India, after being successfully launched in Europe, Middle East and Africa markets.
With the introduction of Ingersoll Rand Compressed Air Rental Services, customers can now depend on reliable temporary compressed air solutions that will allow them to minimize their downtime and maximize their production, maintaining critical processes in a sustainable manner.
“The addition of Rental Services to our portfolio makes Ingersoll Rand a true one stop shop for customers requiring any compressed air solution,” said Amar Kaul, Territory VP & Business Head - India, Middle East and South Africa, Ingersoll Rand (India) Ltd. “To be able to rely on a comprehensive rental fleet gives our customers peace of mind when they face system downtime or when they require incremental compressed air systems due to peak demand. It strengthens our relationship with our customers, making Ingersoll Rand a trusted partner.”
Compressed Air Rental Services continues to add new equipment to its range of Oil-Free class 0 and Oil-Flooded compressors, for short and long term rental solutions. For industries such as food and beverage, pharmaceutical, electronics, glass, textile and chemical it is critical to maintain productivity and quality in a sustainable manner. Ingersoll Rand Compressed Air Rental Services is the solution for:
* Seasonal Peak Demand: temporary incremental equipment can fulfill special circumstances that require additional supply beyond the facility’s existing compressed air capacity.
* Unexpected Equipment Failure: a rental solution will maintain the air capacity needed to keep a process operational while the issues with the current system are being addressed.
* Planned Outages and Maintenance: during the system’s plant upgrades, renovations or maintenance, temporary compressed air solutions facilitate continuous operations.
* Tight Capital Budgets: a rental offering will allow you to enjoy our brand new machines, deferring capital investment to a later stage.
For more information, visit: http://www.air-rent.com
Posted by INDIAN BUSINESS REVIEW at 4:04 AM
A total of 25.44 lakh LPG connections have been released to women of BPL families as under the Pradhan Mantri Ujjwala Yojana. The scheme which was launched by the Prime Minister at Balia in Uttar Pradesh on May 1, 2016 is currently under operation in 553 districts of 24 States.
Under the scheme, 5 crores LPG connections will be provided to BPL families with a support of Rs. 1,600 per connection in the next 3 years. Identification of the BPL families is being done through Socio-Economic Caste Census data.
The official website of the Yojana www.pmujjwalayojana.com contains the details about the scheme and the form to be filled by the intended beneficiaries. It has been brought to the notice of the Ministry of Petroleum & Natural Gas that a number of fake and misleading websites have come up on the internet on the PMUY. General public and other stakeholders may consult only the official website for any information with regard to the scheme.
In case of any doubt or clarification, contact can be made on the toll free number 18002666696.
Posted by INDIAN BUSINESS REVIEW at 3:52 AM