Nissan Introduces Terrano SUV in India

October 10, 2013

Nissan_Terrano_SUVNew Delhi, Oct 10: Nissan Motor Co. 7201.TO +2.57% Wednesday introduced its first compact sport-utility vehicle in India to tap demand for such products and challenge existing players like Ford Motor Co. F +0.73% , Renault S.A. RNO.FR +3.70% and Mahindra & Mahindra Ltd. 500520.BY +1.05%

The Japanese auto maker said it has received about 6,000 customer orders for the Terrano since the vehicle was unveiled in late August. The Terrano is based on the Duster SUV of Renault, with which Nissan has a global alliance. It is produced at a joint plant of Renault and Nissan on the outskirts of Chennai city.

The Duster—which is also made at the same plant—is the most-successful vehicle for Renault in India with sales of more than 60,000 units since its introduction in July last year.

The Terrano is offered in seven versions with the option of either a 1.6-liter gasoline or a 1.5-liter diesel engine. The diesel engine is further offered in two options of 85 horsepower and 104 horsepower.

Prices start at 959,999 rupees ($15,500) at dealers in New Delhi, extending to about 1.24 million rupees for the top-end version.

The Duster starts at 7,99,000 rupees.

"Terrano is an important product for us and will set the pace for future product launches slated for 2014," said Kenichiro Yomura, president of Nissan's India unit. He didn't say which are the other vehicles that Nissan plans to introduce in India.

SUV sales in India grew 52% in the fiscal year ended March 31, compared with a 6.7% decline in the sales of cars.

But, demand has waned since companies raised prices from earlier this year to pass on a three-percentage-point increase in factory tax on locally assembled SUVs to 30%. Rising prices of diesel—the fuel used to run most SUVs in India—also affected demand. Sales of SUVs during the April-to-September period this year fell 4.8%.

The Terrano would compete with models such as Ford's recently introduced EcoSport, Tata Motors Ltd. 500570.BY +1.77% 's Safari Storme, Mahindra & Mahindra Ltd.'s XUV500 and Scorpio and the Duster.

Nissan expects that the Terrano would help revive its India sales that fell 43% during April-September 2013 to 12,343 vehicles. The introduction of the SUV comes during the festival season in India when the country's majority Hindus consider it auspicious to make new purchases.

The Terrano is the fourth vehicle that Nissan produces in India—it currently manufactures the Micra subcompact hatchback, the Sunny compact car and the Evalia van.

Nissan also assembles the Teana premium sedan from imported parts at the same factory. It also imports the X-Trail SUV and the 370Z sports car in India.

The company plans to start selling the Datsun Go from early 2014. It is the first model in a line of low-cost vehicles developed for emerging markets such as India under its revived Datsun brand.

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Agencies
March 15,2020

Cybercriminals continue to exploit public fear of rising coronavirus cases through malware and phishing emails in the guise of content coming from the Centers for Disease Control and Prevention (CDC) in the US and World Health Organisation (WHO), says cybersecurity firm Kaspersky.

In the APAC region, Kaspersky has detected 93 coronavirus-related malware in Bangladesh, 53 in the Philippines, 40 in China, 23 in Vietnam, 22 in India and 20 in Malaysia. 

Single-digit detections were monitored in Singapore, Japan, Indonesia, Hong Kong, Myanmar, and Thailand. 

Along with the consistent increase of 2019 coronavirus cases comes the incessant techniques cybercriminals are using to prey on public panic amidst the global epidemic, the company said in a statement. 

Kaspersky also detected emails offering products such as masks, and then the topic became more commonly used in Nigerian spam emails. Researchers also found scam emails with phishing links and malicious attachments.

One of the latest spam campaigns mimics the World Health Organisation (WHO), showing how cybercriminals recognise and are capitalising on the important role WHO has in providing trustworthy information about the coronavirus.

"We would encourage companies to be particularly vigilant at this time, and ensure employees who are working at home exercise caution. 

"Businesses should communicate clearly with workers to ensure they are aware of the risks, and do everything they can to secure remote access for those self-isolating or working from home," commented David Emm, principal security researcher.

Some malicious files are spread via email. 

For example, an Excel file distributed via email under the guise of a list of coronavirus victims allegedly sent from the World Health Organisation (WHO) was, in fact, a Trojan-Downloader, which secretly downloads and installs another malicious file. 

This second file was a Trojan-Spy designed to gather various data, including passwords, from the infected device and send it to the attacker.

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Agencies
May 30,2020

The GST Council is unlikely to make major changes in the indirect tax structure at its next meeting slated mid June.

A top government source said that the Centre is not in favour of increasing tax rates on any goods or service as it could further impact consumption and demand that is already suppressed due the COVID-19 pandemic and lockdown.

It was widely expected that the GST Council could consider raising tax rates and cess on certain non-essential items to boost revenue for states and the Centre. Several states have reportedly taken an over 80-90 per cent hit in GST collections in April, the official data for which has not yet been released by the Centre.

"The need of the hour is to boost consumption and improve demand. By categorising items into essential and non-essential and then raising taxes on non-essential is not what Centre favours. But, the issue on rates and relief will be decided by the GST Council that is meeting next month," the finance ministry official source quoted above said.

The GST Council is chaired by the Union finance minister and thus the views of the Centre play out strongly in the council meetings.

However, the Council will also have to balance the expectations of the states whose revenues have nosedived after the coronavirus outbreak and wide scale disruption to businesses while they have still not been paid GST compensation since the December-January period.

To the question of wider scale job losses in the period of lockdown as businesses get widely impacted, the official said that the Finance Ministry has asked the labour ministry to collect data on job losses during Covid-19 and is constantly engaging with the ministry to oversee job losses and salary cuts.

On restrictions put on Chinese investment in India, the official clarified that no decision had yet been taken to restrict China through the Foreign Portfolio Investment (FPI) route.

Asked about monetising government debt, the official said that the issue would be looked at when we reach a stage. It has not come to that stage yet.

In the government's over Rs 20 lakh crore economic package, the official defended its structure while suggesting that comparisons with the economic packages of other countries should not be drawn as India's needs were different from others.

"We have gone in more reforms that is needed to give strength to the economy. This is required more in our country," the official source said.

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Agencies
June 9,2020

New Zealand's research institute in Antarctica is scaling back the number of projects planned for the upcoming season, in an effort to keep the continent free of coronavirus, it was reported on Tuesday.

The government agency, Antarctica New Zealand, told the BBC on Tuesday that it was dropping 23 of the 36 research projects.

Only long-term science monitoring, essential operational activity and planned maintenance will go ahead.

The upcoming research season runs from October to March.

"As COVID-19 sweeps the planet, only one continent remains untouched and (we) are focused on keeping it that way," Antarctica New Zealand told the BBC.

The organisation's chief executive Sarah Williamson said the travel limits and a strict managed isolation plan were the key factors for keeping Scott Base - New Zealand's research facility - virus free.

"Antarctica New Zealand is committed to maintaining and enhancing the quality of New Zealand's Antarctic scientific research. However, current circumstances dictate that our ability to support science is extremely limited this season" she said.

Earlier in April, Australia announced that it would scale back its activity in the 2020-21 summer season.

This included decreasing operational capacity and delaying work on some major projects.

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