Fiat & Tata Groups Explore Strategic Alliance Opportunities
Fiat S.p.A and Tata Motors Limited on 22 Sep'05, announced
the signing of a Memorandum of Understanding (MoU) to analyse
the feasibility of cooperation, across markets, in the area
of passenger cars that would encompass development, manufacturing,
sourcing and distribution of products, aggregates and components.
Following the MoU, a joint team would be set up by the two
companies to determine the feasibility and specificity of
the nature of cooperation, both in the short and long term.
If found feasible, the two will enter into definitive agreements
in the course of the coming months.
In a statement, Sergio Marchionne, CEO of Fiat S.p.A, said,
"The possible strategic cooperative agreement with Tata
Group represents another step in our clearly defined strategy
that calls for targeted alliances across the automobile
value chain. It is consistent with successful ventures established
with premier partners including PSA Peugeot Citroen and
Suzuki, and the recently announced signing of a MoU with
Ford Motor Co. I want to thank the Tata team, especially
its Chairman, Ratan Tata, for the outstanding work shared
with us."
In his statement, Ratan Tata, Chairman of the Tata Group
and Tata Motors, said, "We are delighted to be in dialogue
with the Fiat Group on the range of possibilities between
the two corporations. Fiat is a globally respected corporation,
with a long-standing presence in automobiles. Both companies
will benefit from this alliance in terms of possible joint
product development, shared platforms and aggregates."
LML Announces Festive Offers on Prima-125 & Beamer-150
True to LML's commitment of providing its customers with
the best value proposition, LML offered the advanced versions
of Prima-125 and Beamer (150cc) at highly competitive prices.
The refreshed Prima-125 comes in 4 new colour schemes with
exciting decals (Ultramarine Silver, Flaxen Red, Fuchsia
Blue & Plum Black) with revolutionary 'Citilites' whereas
the Beamer brings, for the first time in Indian motorbike
market, "Matt Finish" colours and will be available in two
new shades of Matt Blue and Matt Grey. These two bikes come
with very aggressive prices of Rs. 40,200 (Ex-showroom Delhi)
for Prima-125 and Rs. 48,777 (Ex-showroom Delhi) for Beamer
(150cc). The price discounts will be applicable at all dealerships
across the country.
The Prima-125 with the best fuel-efficiency in its class,
styling, robust engine and revolutionary 'Citilites' is
an ideal upgrade for the users of deluxe commuter 125cc
bikes.
The Beamer boasts of pick-up capable of reaching speeds
of up to 115 km/hr in the shortest time. In addition to
power and speed, Beamer gives the ultimate riding experience,
thanks to its double-sided swing arm with 5way adjustable
hydraulic shockers. The bike comes with the optional Electric
Start version (ES).
To assist the customer in deciding the model most suited
for his needs, LML has ensured that its Customer Relationship
Executives (CREs) are present at dealerships. They are well-trained
personnel who will enhance the dealer's skills in CRM and
facilitate the dealers to cater to the customers in the
best possible manner during the festive season.
Auto Fair at Nagpur during 24th - 27th November
2005
Automobile Dealers Association, Nagpur - an association
member of FADA, is organising the Auto Fair from
24th to 27th November 2005 at Kasturchand Park, Nagpur.
This is the first Auto Fair ever organised at Nagpur. A
large number of vehicle manufacturers, including 2/3-wheeler
manufacturers, passenger car/UV manufacturers and bus/truck
manufacturers, as also the auto component and accessory
manufacturers, will be showcasing their products at the
Fair.
Thanks to easy accessiblity and ideal location of Nagpur,
the Auto Fair is expected to attract visitors from Maharashtra,
Chhattisgarh, Madhya Pradesh and other places bordering
Nagpur. 'For details, please contact: Mr Nikhil Kusumgar,
President, Automobile Dealers Association, Nagpur (Phones:
0712-2746328, 2748611- E-mail: kusumgar@sify.com).
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