There is a good news for Audi as for as AudiQ5 lovers. In India, German luxury car manufacturer Audi AG had hit all it’s record by selling  1,168 cars from the beginning of this year till August-end, compared to 1,050 units last year and company is expecting to sell 1700-1800 cars in 2009. Because of unexpected selling, company has decided to assemble SUV Q5 in it’s Aurangabad plant from next March. Audi currently assembles its luxury sedans A4 and A6 at the Aurangabad plant.

Audi India Managing Director Benoit Tiers said on Thursday “We will start local assembling of our SUV Q5 at the Aurangabad plant. This year we are expecting to sell 200 units, while it should go up to 500 units from next year.”

“The Indian subsidiary of Audi would start a new line of production for the SUV with an initial capacity of 500 units per year,” Tiers said.

“India is the second country after Germany where the Q5 will be assembled,” he added.

The cost of the car will reduce just because of duty cut. Presently, in India import duty is 116 per cent. If the car will assemble in India the company will have to pay only 60 per cent duty.

Audi plans to invest about €30 million in the country till 2015.

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Oil India will come out with an initial public offering (IPO) of 26,449,982 equity shares of face value Rs 10 each. Its issue price has been fixed at Rs 950-1050 per equity share and it will raise around Rs 2,512.75-2,777.25 crore. The IPO opens on September 7^th and closes on September 11^th.

Oil India is the country’s second largest state run explorer and produces 3.5 million tons oil annually. It is engaged in exploration, development, production and transportation of crude oil and natural gas onshore in India. Oil India has also been accorded the status of Mini Ratna by the Government of India. Just to keep things in perspective though, ONGC, which is also controlled by the government is ten times the size of Oil India.

CRISIL has graded Oil India 4 out 5, which indicates above average fundamentals.

The IPO is being planned out to issue new shares to the public, but at the same time the government will also sell 10% its own stake to IOC, HPCL, BPCL and IOC.

Oil India has most of its business concentrated domestically, but it is exploring oil and natural gas in Gabon, Libya, Nigeria and Yemen too.

Risk and Competitors:

Volatility of oil prices either it is very high or low crude prices, are also bad for the company. The risk is that when the government sells petrol and kerosene at a discount to international prices to retail consumers, the subsidy is then shared by the government and oil companies and when oil price goes sky-high, the burden of this subsidy becomes really high on oil companies.

Oil India has all of its oil reserves in the Upper Assam basin, which is a maturing resource, and so it is facing decreasing production rates. This means that the need for developing new resources is relatively higher for Oil India, than other companies.

The company has main competition in oil exploration by companies like ONGC, IOCL, GSPCL, GAIL, British Energy, RIL, Cairn Energy and Niko Resources.

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BMW India, the wholly-owned subsidiary of the BMW Group.BMW India has its assembly plant in Chennai with a production capacity of 3,000 units per annum. It produces 3-Series and 5-Series cars from the plant and would also launch a new petrol variant of its 7-Series cars with a six cylinder engine in September, since BMW group desires a good hold in Indian market so they are not taking any chances at all.

Today on September 2, 2009 in Delhi German Luxury car maker BMW Group has revealed its plan to start its financial services business in India by June 2010 to offer financing for its cars and sport-utility vehicles. The group is planning to move to The Reserve bank of India for the license to operate as a non banking financial company in India.

Under the proposed plan, the group will introduce BMW Financial Services India as a new business entity. One more reason behind this was that the company is going to launch two new products in India this year as it is targeting to cross 3,000-units mark in sales for the first time in the country.

The new company is expected to be fully operational by the mid of 2010. The company will operate as a Non-Banking Finance Company(NBFC) in domestic market to offer solutions for Retail automobile financing for BMW customers.

BMW Financial Services was established in 1993 and presently has subsidiaries in 31 countries besides India. The company is active in more than 60 countries worldwide.

Last year company sold 2,908 units and expecting to cross 3,000 units this year. Certainly this financial service will boost up it’s selling.

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Honda Motors Co Ltd, the the second largest car maker of Japan is preparing to unveil it’s electric car in U.S. by around 2015 seeing the tighter environmental regulation pushing for zero pollution vehicle demand.This is the next large automaker to announce electric car(zero emission vehicle). The report is published in Japan’s Nikkei newspaper on 22 August Saturday. The newspaper claims that Honda will unveil it’s prototype vehicle in upcoming Tokyo Auto show in October. Nissan Japan’s third biggest automaker has already announced it’s electric car Nissan Leaf in the beginning of this month.

The car will be equipped with an electric motor running on with lithium-ion batteries. The vehicle is expected to be a hatchback. Honda is also concentrating for gasoline-electric as well as hydrogen fuel-cell models.

The other rivals like Toyota Motors and Volkswagen have already announced the concept of making of such electric cars. The first rival Nissan has said that it will produce 100,000 cars a year by 2012 and putting a lot of money in this project.

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According to a survey conducted by Economic Times, RMSI Noida has been listed best place to work for the year 2009.RMSI(Risk Management Software Incorporation) is a Noida based software developer company ranked first in this list.The award ceremony is done in Mumbai yesterday.The list includes Intel, NTPC, Google like names also.

Top ten best companies to work for, in India for 2009 are-

1. RMSI
2. Intel
3. Federal Express
4. Aviva
5. Google
6. Qualcomm
7. Marriott
8. Amex
9. NetApp
10. NTPC

The survey is done on the basis of corporate governance, work life balance, empowerment to equity etc and the study was certified by Suresh Surana & Associates, one of the leading company in accounting and consultancy.

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