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Rolls-Royce scouts for second partner
Rolls-Royce is looking to add a second engineering and design services firm in India to cater to its design requirements. Under the government’s $10-billion defence programme, Rolls-Royce has a commitment to offset 50 per cent of its research and development requirements to Indian design companies.

Sprint Nextel to buy Virgin Mobile USA
Telecommunications company Sprint Nextel Corp said it agreed to acquire Virgin Mobile USA Inc in a stock deal valued at $5.50 per share in a bid to expand its prepaid cell phone offerings.

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Ashok Leyland working on better bus platform
Ashok Leyland is working on a new bus platform, which “will offer a higher level of comfort and safety in public transportation”, says R Seshasayee, managing director. Its portfolio includes high-floor buses comprising the Viking & Cheetah series, vestibule and double-decker buses, semi-low-floor buses, and airport transfer air-conditioned coaches. Seshasayee was speaking on the sidelines of the launch of the company’s U-Truck series.
Small Business

Merc E-class eyes top slot in city again

Mercedes Benz’s latest offering in India, the new E-class sedan, could well reclaim the top spot within the Germany luxury car makers’ stable in eastern India. Since 2007, the automobile giant"s lower-priced C-class model has dominated the Kolkata market by selling substantially more, especially during 2008. - Merc may lose top spot to BMW in India - Sales of luxury cars robust in Gujarat on Dussehra - Mercedes unravels its new E-Class - My favourite things: Amit Burman While in 2007, C-class and E-class sales were 21 units and 28 units respectively, the following year, E-class sales in the East remained stable at 26 units even as 44 C-class vehicles were sold. However, with the launch of the new E-class in Kolkata, Interkrafts — the sole dealer of Mercedes Benz passenger vehicles in the region — was bullish about the prospects of the firm"s globally highest selling business sedan. “Although there is a Rs 20 lakh price difference between these vehicles, the customers of each class are distinct with minimal overlap. "The competition between the models is expected to be neck and neck and the new E-class could be back on the top,” Interkrafts CEO Hiteshwar Singh said. So far, in 2009, the C-class is continuing to dominate with 39 units compared to 14 E-class vehicles. Singh indicated that sales of the E-class would benefit from existing Mercedes Benz owners looking to upgrade their vehicles. “Of the 45 enquiries that we have got so far, almost 50 per cent of them are from existing owners of E-class vehicles. Considering there are about 200 E-class vehicles in the region, upgrades could add to our overall sales,” he explained. However, with other German car makers upping the ante, Mercedes Benz could come under fire. But Singh felt that the luxury automobile market in the region would be able to absorb more players without affecting the sales of individual car makers. “The market here has trebled over the last three years and is still expanding. Considering we haven"t even tapped 50 per cent of the market so far and this being the largest territory geographically, for Mercedes Benz, we should be able to grow comfortably,” Singh said.


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