Weekly news 2
Transcript of Weekly news 2
Toyota, the world’s largest car maker, is set to double its production capacity in India
as its new plant in Bangalore,with an investment of nearly $680 million, will be
operational by the end of this year.
“The new plant will have an annual production capacity of 70,000 units. It will double
our production capacity in India,” Mitsuhiro Sonoda, Toyota Motor President for Asia-
Pacific, told IANS.
The Japanese car maker operates in India through a joint venture with the Kirloskar
Group.
Toyota currently sells utility vehicle ‘Innova’, premium sedan ‘Corolla Altis’ and sports
utility vehicle ‘Fortuner’ All these models are produced at its plant in Bangalore.
The company.
Mr. Ozawa said because of high duties the company finds it difficult to sell imported
premium SUVs and sedans in Indian market. India levies up to 60 per cent duties on
imports of certain models of car.
Ozawa said the company was confident to sell all the cars that it would produce as
demand was likely to remain strong in India on the back of high economic growth and
According to Society of Indian Automobile Manufacturers, annual car sales in India is
likely to reach 3 million by 2015. Passenger-car sales jumped 38 percent to a record
158,764 in July.
Global majors like Toyota, General Motors, Ford, Honda and Volkswagen are
increasing their presence in one of the world’s fastest growing car markets.
Maruti Suzuki, which controls nearly half the Indian car market in terms of
favourable interest rates regime.
The country’s leading carmaker, Maruti Suzuki, has put in place an innovative programme by which it is increasing the production capacity of its four plants located in Gurgaon and Manesar by 20 per cent, pending the commisioning of its fifth plant in 2012. With this, Maruti will be able to produce 1.2 million cars this year, compared with 1 million last year, or simply have the plant work at a capacity
of 120 per cent
. The company, which has around 43-45 per cent share of the domestic car market, is desperately seeking to free up any available space at its mega plants to make way for increased production. The
investment tag for the innovative changes: Rs 130 crore
M M Singh, managing executive officer (production), Maruti Suzuki, said, "We are forced to make 30,000 extra units of the Swift to meet demand by manufacturing the model at all the plants. We are
setting up flexi-lines in the body shop, which can handle different models.".
Wynncom is now set to entice the consumers with India’s first Hindi QWERTY keypad phone-Y-45 which facilitates a tech savvy urban youth to chat in our National
language.
Wynncom has come up with yet another product innovation; this time the company has devised a new idea to make texting in Hindi possible by introducing a Hindi Qwerty keypad phone. This makes it easier for a user to connect especially in the Tier II and Tier
III towns where one can express oneself in Hindi without any language restrictions
On the occasion of the launch, Arvind Vohra, Co-Founder and Managing Director, Wynn Telecom Ltd said, “With our mission to offer something new and exciting to our
consumers we have devised Y-45 a multimedia series mobile phone for those who are looking for Hindi keypad on a QWERTY phone at affordable price”.
More and more Indians might be hooked to social networking site Facebook, but experts feel that privacy issues still remain a concern since users face the vulnerability of
their personal data getting hacked.
"A users' profile pictures would be available on websites liked by clicking Facebook 'like' application. The pictures can also be downloaded by the person one is allowing to view
them.
Depicting the fast growing popularity of the website, Facebook has beaten competitors like Orkut and Yahoo! to become the top social networking site in India with 20.9 million
visitors in July this year, as per the report by research firm comScore.
The user has to be aware of protecting himself and his personal data as, "Facebook has completely absolved itself of any liabilities as it has expressly stated in their terms of agreement importance of account settings and that applications developed by third
parties are not created by it."