Ford becomes India’s largest Car Exporter

Ford, Nissan, and Volkswagen ship more of their India-manufactured cars to overseas markets than what they sell within India.

Michigan-based Ford has two manufacturing units in the country: at Chennai in the southern state of Tamil Nadu and at Sanand in India’s western state of Gujarat. It has overtaken Korea’s Hyundai in Fiscal Year 2018 to become the largest exporter of cars from India.

In the first nine months of the current financial year (from April 2017 – March 2018) Ford shipped over 134,000 units,  12 percent  more than the previous year.

For the same period, German auto maker Volkswagen exported more than double the number of units it sold in India, while Japanese car maker Nissan shipped more than 46,000 units to export destinations.

Company # Cars Sold in India

(Apr – Dec FY ’18)

# Cars Exported

(Apr – Dec FY ’18)

Ford 62,554 134,575
Nissan 38,928    46,502
Volkswagen 34,979    71,667
GM  Nil    60,707

General Motors decided to stop local sales of its cars in May last year and announced plans to focus exclusively on the export market. The company has shipped over 60,000 cars from India for the same period, and is now the fifth-biggest exporter of cars from the country.

Ford Ecosport

February 12, 2018   No Comments

Liebherr Invests $75 Million in Refrigerator Factory in India

Germany-based manufacturer of refrigeration and cooling appliances, Liebherr, invested $75 million  to set up a manufacturing unit in Aurangabad, India, and plans to roll out a new line of refrigerators in May. The Libherr group evaluated other countries including Europe, Brazil, China and Russia before finalizing its India launch. According to Steffen Nagel, the company’s managing director for sales, India’s rising household income, improving living standards, and product penetration for cooling appliances which is at around 35% are all factors that make the group confident about success in this country.

refigerator by Liebherr

Roman Schafer, Liebherr Appliances Business Development executive said, “Our first phase of production is designed to have a production of 500,000 units, and this is going to happen in next five years.” He added, “Everything will be locally produced. We have a local sourcing strategy and only those components will be imported which are not available here.” Schafer disclosed that in the second phase of development Liebherr will export some of its products to neighboring countries.

February 10, 2018   No Comments

India Ranks 3rd among Top 10 Countries for LEED Green Buildings

With more than 752 LEED-certified projects totaling over 20 million square meters of space, India ranks third on the US Green Building Councils (USGBC) annual ranking of the top 10 countries for Leadership in Energy and Environmental Design (LEED) certified buildings.

Rank Nation Number of Projects Gross Square Meters
1. China 1,211 47.16 million
2. Canada 2,970 40.77 million
3. India 752 20.28 million

The top 10 list highlights countries outside of the U.S. that are making significant strides in sustainable building design, construction and transformation. The other countries are  Brazil, Germany, Korea, Taiwan, Turkey, Mexico and the UAE. The U.S., remains the world’s largest market for LEED with 30,669 LEED certified projects totaling 385.65 million square meters.

“LEED is a full-scale global movement and plays a key role in helping cities, communities and countries manage their built environment,” said Mahesh Ramanujam, CEO of  USGBC and Green Business Certification Inc., the global certifying body for LEED projects. “When we prioritize green buildings we are committing to creating spaces that perform at the highest levels, conserving resources and enhancing human health. The work being done in each of these markets is raising the bar for the global market,” he added.

January 27, 2018   No Comments

DHL Connects its India Trucks via Internet

Bonn, Germany-headquartered global logistics group DHL is planning to introduce internet-connected trucks and emulate Haryana, India-based technology-enabled logistics start-up Rivigo‘s “driver relay model” to improve customer experience and increase efficiency,

Rivigo, which launched in 2014, has a fleet of over 2,000 internet-connected trucks fitted with sensors for location tracking and real-time data. The company operates through a unique driver relay model: multiple drivers are appointed for one route and each one typically drives for four to five hours before handing over the truck to another driver at a pit stop, returning home with another truck. The company has at least 70 such pit stops across India. According to the Rivigo’s website, the driver relay model helps it reduce transit time by 50-70% from the industry average. DHL is planning to follow the same model and is in the process of building a team and fleet of trucks.

DHL Logistics

Live Mint reported that according to an industry expert, the logistics space offers significant potential for value creation and the sector is seeing some major disruptions due to better infrastructure, policy, and technology. “We see many new players and start-ups trying to capitalize on this opportunity. But, it is also a good setup for traditional logistics players to re-evaluate their business model and plan for breakthrough growth,” said Mayank Bansal, partner, Transportation and Infrastructure, at consulting firm AT Kearney.

 

November 10, 2017   No Comments

U.S. Tops All Destinations for India’s Engineering Products

Engineering Export Promotion Council of India — the apex body for Indian engineering exporters — says that the demand for Indian engineering goods in many of the developed economies and especially in the U.S. has increased sharply.

Shipments of engineering exports to the U.S. went up 91 percent to $1.53 billion in September 2017 from $551 million in the same month last fiscal year; the April-September exports increased by over 47 percent to $4.79 billion from $3.25 billion for the same period last year.

Gears

European nations falling under the top 25 engineering export destinations such as Germany, Italy, Belgium, Netherlands, France, and Poland also recorded considerable growth. Engineering exports to Germany saw a jump of over 67 per cent to $288 million in September 2017 over $172 million in the same month last fiscal. Likewise, the shipments to Italy rose by 30 percent to $209 million from $161 million for the same period last year, reports The Hindu.

 

November 8, 2017   No Comments