HONDA BUYS SIEL

The long-term partnership between Honda Motor Corporation (HMC) and Sriram Industrial Enterprises Ltd (SIEL) has come to an end. Honda will buyout SIEL’s stake in its Indian subsidiary for Rs.180 crore, thus ending 16 years of partnership, which Usha International Ltd (UIL), Honda Siel Cars India Ltd and Honda Motor Company shared to develop the Honda Siel Cars India Ltd’s brand. As per the agreement, Honda Motor Co will buy out all of the 18 million shares, which UIL held in the joint venture. UIL, which had 3.16% stake in HSCI, had shown an interest in quitting from the joint venture in order to better focus and strategically invest and expand its own core business. Honda Siel Cars India will now be a 100% subsidiary of Honda Motors. The process of changing the company’s name and other formalities will take a few more months to come about. The decision came after much prolonged dilly-dallying between the two partners over the stake valuation of UIL. Honda, which commenced sales operations in India with flagship sedan City in 1998, has seen market share dip over the decade due to increased competition from global players and has been having a tough time in India. It will be interesting to see how as a single owner now it gets its act together.

RENAULT SCALA CAR TECHNICAL SPECIFICATIONS REVIEW

RENAULT SCALA REVIEW

If you are looking to go for an elegant yet dynamic sedan to take the pride of place in your garage, Renault’s latest launch “Scala” is the one that could fit your bill perfectly. It offers the best in class roominess with lots of cabin space. The interiors are impressive as well and it looks good on the outside too. The large headlights have a smoked look and the front bumper and grille are visually appealing. Scala is powered by 1.5-litre petrol and diesel engines and has 5-speed manual transmission.

TECHNICAL SPECIFICATIONS

1.5 L dCi K9K diesel engine and 1.5 XH2 petrol engine
Chrome radiator grill with smoke styled headlamps
Anti-pinch power window and speed sensing auto door lock

RENAULT DUSTER SUV segment

Renault’s much awaited model in the SUV segment ‘Duster’ has finally hit the Indian roads. With some striking looks and features of a premium luxury vehicle, the Duster is designed to serve mid size families aiming to have a bigger car. It is also loaded with 1.5L dCI engine delivering 110PS for a smoother ride yet it’s not a fuel guzzler. The petrol Duster delivers a mileage of 13.24kmpl while the 85PS diesel model is touted to return as much as 20.45kmpl. All in all it’s a complete power-packed package for both city drive and highway cruise.