www.skpgroup.com June 2007
Your eye to India-centric and International updates
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Small is big this season with Auto manufacturers

Small is big this season as several major Auto companies gear up for small car launches, Toyota, Honda and Ford being among them.

An impressive sales growth of 31 % in this segment last financial year has encouraged companies to modify their strategy for the sale of small cars.

Honda Siel Car India (HSCI), a subsidiary of Honda Motor Corporation, is in the process of expanding its dealership and service network in the country by 24 centers, from the current 56 by March 2008 across 55 cities, ahead of the commercial launch of their premium small car in 2009-10. Also lined up is a spare parts warehouse near Mumbai, for easier shipment of items to dealers surrounding the city, and in the south as well.

Toyota Kirloskar Motors (TKM) has plans for regional spare parts centres in Delhi and in the western part of the country, probably in Pune, by this year end; possibly in an attempt to consolidate its position in the spare parts market before they introduce their small car in 2010.

The company is aiming to grab a market share of 10 % by 2010 when India’s car market is expected to grow to more than 3 million units, three times the size of today.

Ford India plans to launch 20 new dealerships across India by the end of 2007 taking the total to 135 dealerships in 75 cities. The company will also extend its global Quality Care Certification to 20 additional dealerships.

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India, Oman to set up JV for co-operation

India and Oman are considering setting up a joint investment company to boost economic co-operation between the two countries.

During a recent visit to Muscat, N Ravi, Secretary in the Ministry of External Affairs, met up with Maqbool bin Ali Sultan, Oman's Minister of Commerce and Industry to discuss ways of increasing economic co-operation between the two nations.
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During discussions regarding ways of increasing the volume of investment in the two countries and the efforts in this regard by Oman Oil Company (OOC) were considered, So also a joint investment company between the two countries to invest in vital sectors was also given a serious thought.

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In the News
Indian market in 5th place by '25 predicts McKinsey
India makes it to 'Global Challengers List’ 2007

Interesting Reads
M&As on the rise in the ad world
MNCs make India production hub for consumer durables
Indian realty attracting FDI
Indian steel majors on the lookout for global mining assets

Quick Links
Small is big this season with Auto manufacturers
India, Oman to set up JV for co-operation

India Inc
- Investment briefs
OVL strikes gas in Iran
Daimler to pump Rs. 275 cr in new plant
Avesthagen, partner acquire stakes in two seed firms
Autodesk to promote design education through NID
O2 Asia starts talks with GSM providers
Whirpool to make India export hub for Kitchenaid
AT&T Commences Commercial Operations in India
BoB to increase its global presence

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