Major Developments Major Developments by Calendar Year

February 17, 2011

Nissan Reveals Next Small Car for the U.S. at Chinese Auto Show

Filed under: Automobile — Tags: — Winson @ 6:19 AM

A new Chinese model was revealed in the Chinese auto show. It was expected to be called as Sentra in the United States. The model is to be called as Sunny in China. The Sentra is considered as the second largest car of Nissan in the U.S. The Versa is considered the smallest car of Nissan in the U.S and the one of the only two vehicles. The vehicle Versa is sold for less than $10,000 which is the starting price.

The vehicle was displayed at the China International Automobile Exhibition at Guangzhou. After starting the sale of the vehicle in the China, it is estimated that the vehicle is to be on sale in more than 170 countries worldwide including the U.S. with different brand names.

The features of the vehicle include a 1.5 liter four cylinder gasoline engine with dual injectors. Instead of a standard automatic transmission, continuously variable transmission has been used. MacPherson struts have been used for the front suspension and a torsion beam has been used for the rear suspension.

The vehicle is considered a major global car which is in the lineup. It is reported that the Nissan Sunny is related to the Nissan Versa. The growth of the vehicle can be mainly seen in Asia, South America and Central America.

(more…)

February 15, 2011

CII and Ernst & Young Report on SMEs Role in Indian Defence Industry

Filed under: Small Business — Winson @ 6:29 AM

CII and Ernst & Young made a report called ‘Enhancing role of SMEs in Indian Defence Industry’ in 2009. It was reported that about 20-25% of components and sub-assemblies were supplied by 6,000 SMEs to Ordnance Factories, Defence Public Sector Undertakings, DRDO and the armed forces. Special policies were laid down by the Government of India which helped in increasing the supply of national and international defence majors. There had been a rise in business opportunities in defense and aerospace sectors.

A cumulative defence budget of USD 26.5 billion was observed in 2009. Joint ventures and technical collaborations were set up by Indian SMEs attracting the attention of foreign OEMs, Tier I and Tier II vendors. 44 percent of the respondents revealed that improvements had to be implemented in defence offset opportunities.

The report advised an improvement of information technology and automotive industries for design, development and manufacture in aerospace and defence sector. It also revealed the importance and need of domain knowledge development. Certain guidelines were given regarding licensing procedure and other complementary activities for the SMEs.

February 14, 2011

Recovery of Premiums by Small Businesses in the U.S.

Filed under: Small Business — Tags: — Winson @ 6:58 AM

Small businesses contribute a lot for the economy in America. There were about 4.8 billion businesses employing 25 or fewer workers in 2009. Recession brought many bad effects on small business industries. According to the Illinois Main Street Alliance report, coverage for workers was decreased in 2008 and 2009 in about 12% of 500 small businesses surveyed. Around 35 percent of the companies switched to insurance which provided only few services.

Companies having less than 25 workers had wages which are less than $50,000 a year. As they have higher premium costs they achieved benefits from the tax credit. The benefits under health overhaul law were also not expected. According to a report from consumer groups, Families, USA and Small Business Majority, health coverage was offered to only 46 percent of employers having three to nine workers. About 72% of small businesses having 10 to 24 employees offered with the health coverage for workers. More than 95 percent of companies of 50 or more workers offered coverage to their employees.

The tax credit help small businesses, which tend to lack the purchasing power of larger employers, maintain coverage by pooling risk. According to the federal government website HealthCare.gov., payment for the same insurance policy by small businesses was found to be 18% higher than that paid by larger firms. The tax credit was provided for companies on the cusp of dropping coverage for their workers.

February 8, 2011

The Profile of MSME Sector in India According to the 4th MSME Census

Filed under: Small Business — Winson @ 3:37 AM

It was estimated that there were 2.61 crore MSMEs in 2006-07 according to the reports of 4th All India Census of MSMEs (2006-07). This was the first report that was made after the change of definition of the MSMEs. According to the Census, an enterprise is defined as a unit with fixed premises and hawkers, road side vendors were not included.

The Census reported that there were 0.15 crore registered units and 2.46 crore un-registered units. Among the small business firms 28% constitute for the manufacturing sector and 72% constitute for service sector. It was reported that the small business units constituting Apparel include 14.03% of the firms, Food Products and Beverages include 13.53% of them and Maintenance of Personal and Household goods include 9.25% of them.

The Census reported there were about 7.3 million manufacturing enterprises and 18.8 million service enterprises of the total 26.1 million enterprises in 2006-07 in the MSME sector. The number of women enterprises with 2.1 million constitute for 8%. There were 14.2 million rural enterprises constituting 54.4%. It was reported that per unit fixed investment was Rs. 38.78 lakh and per unit gross output was Rs. 46.13 lakh.

Employment was provided for 5.97 persons by the MSME sector including 0.95 crore from registered units and 5.03 crore from un-registered units. The per unit employment was also found to increase from 4.48 in 2001-02 to 6.24 in 2006-07. There was a decrease in the closure of MSMEs from 39% in 2001-02 to 21.64% in 2006-07. It was also revealed that there had been an increase in per unit fixed investment to Rs.33.78 lakh from Rs.6.68 lakh, and per unit gross output from Rs.14.78 lakh to Rs.46.13 lakh.

January 7, 2011

Hyundai Launches Improved Version of i10 Model in India

Filed under: Automobile — Tags: — Winson @ 6:26 AM

The improved version of Hyundai i10 will be launched in India by Hyundai India, the Korean automobile manufacturer. This i10 will attract customers’ attention and it will come with different features and it will come with a new 1.2 L CVVT engine for higher power and better fuel efficiency and it is the top selling model from Hyundai. This model car wall is being sold over 11,000 cars in every month in the Korean auto market.

It is like, more new and revamped models are being offerd to customers this season and also every company vying to keep up with the competion. There were recent launches of revamped models by different companies, like Ford Figo and Polo are the revamped models which was launched by Volkswagen, Alto K10 was launched by Maruti Suzuki.

I10 model of Hyundai, which will get new looks and it has 18 km per litre fuel efficiency. It can be important factor for customer to take the decision to purchase. Fuel consumption is cut by the ISG system of the model in heavy traffic and constant stop-start motoring and it cuts the emissions, up to 15 percent. They redesigned the exteriors of the car with head lamps and front grill. Company says that a new feature – 1.0 litre engine with a CO2 emission of 99 grams per kilometer, has been included.

Hyundai company make i10 model ready to display at the Upcoming Paris Auto Show in the month of October in 2010 and later it will introduced in India.

(more…)

« Newer Posts — Older Posts »

Powered by WordPress