2. GM to drive in 6 new vehicles to
India over 2 years
The company will launch six new vehicles in
the next two years, starting with a brand new
sports utility vehicle (SUV) to be priced less
than the Captiva.
The company will go on to launch three new
cars and two small trucks, known in India as
light commercial vehicles. The company will
launch LCVs under the Chevrolet brand name.
3. Contd…
The LCVs will be sourced from the portfolio of
GMI’s Chinese partner, the Shanghai
Automotive Industries Corporation (SAIC).
The engines for these vehicles will come from
GMI’s new plant at Talegaon near Pune.
This plant will make both petrol and diesel
engines, with capacities ranging from 1-1.5
litres, which can be used for light commercial
vehicles, to be made at at the Halol plant in
Gujarat.
4. Emami to invest Rs 950 cr in its
edible oil business
With a view to emerge as a leading
manufacturer and garner substantial
marketshare in the branded edible oil
segment, the Emami Group has earmarked Rs
950 crore over the next two years for the
purpose, even as it is looking at a national roll-
out of its Healthy & Tasty oil brand.
5. Oilex to start gas production
from Cambay field next year
Australia's Oilex Ltd plans to start natural gas
production from the huge discovery it made south
of Ahmedabad.
It is being billed as the next big thing after
Reliance Industries' KG-D6 gas find and Cairn
India's Rajasthan oil discovery.
Inplace reserves in the Cambay basin block near
the town of Khambat (160-km south of
Ahmedabad in Gujarat) is 16-21 Trillion cubic feet
(Tcf). Of these, 10 per cent or at least 1.6 Tcf are
recoverable
6. Contd…
Initial gas production could be 5 million standard
cubic feet per day, rising up to 50 mmscfd by
2012-13.
The inplace reserves are almost equivalent to
what RIL had found in the Krishna-Godavari basin
deep sea KG-D6.
But KG-D6 fields have a higher recovery factor
with almost 12 Tcf of gas likely to be produced
over life of the field, while in Oilex's case only 1.5
Tcf can be produced as the reservoir is 'tight' with
low permeability
7. Bharti Airtel to re-brand 'Airtel',
to spend Rs 300 crores
Sunil Mittal's Bharti Airtel is going in for a
mega brand change of Airtel for which the
company will spend Rs 300 crores globally,
sources close to the development said.
The unveiling of the brand is expected next
week.
The new look of the brand is expected to have
a swoosh locked with the word Airtel.
8. Contd…
The way Airtel is written may also change, it is
not expected to have a capital 'A' under the
new brand.
The red colour, though, will still be dominant in
the new brand.
The new brand is expected to be splashed all
across India, Africa, Sri Lanka, Bangladesh,
Seychelles.
9. Contd…
Company had already said that Zain will be re-
branded as Airtel, but, this will be part of a
bigger brand to give a fresh image to Airtel.
The brand makeover is done to give Airtel a
more youthful look as it gets more global in it's
approach.
This will be yet another evolution of the strong
brand Airtel, earlier the company had merged
all the segmental brands into Airtel once it
appealed to the customers.
