Buyers market

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Volkswagen India (VW) will launch its first small car, the Polo, in the domestic market in the early part of 2010. The car will be priced and positioned in line with the A2 compact car category, which includes models such as Maruti’s Swift & Ritz, and be built on a new platform. The Polo will be made at the company’s new manufacturing facility at Chakan, Pune, with locally sourced auto components being about 50 per cent.

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For the fourth straight year, German Chancellor Angela Merkel has been ranked as the most powerful woman in the world by Forbes magazine while the US First Lady Michelle Obama made her debut in the top 100 list.

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The league of World’s 100 Most Powerful Women compiled by the magazine features US Federal Deposit Insurance Corporation Chairperson Sheila Bair at the second place and India-origin Chief Executive of Pepsico Indra Nooyi at the third.

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His ‘adulation’ of Jinnah was the cause celebre, but differences have been building up between him and the BJP.

Jaswant Singh, defence, finance and foreign minister in successive Bharatiya Janata Party (BJP) governments and a member of the Parliamentary Board, the party’s highest body, was today stripped of primary membership of the BJP.

The proximate reason for the expulsion was Singh’s evaluation of Mohammad Ali Jinnah, considered the father of Pakistan, in a book that was released earlier this week. The book, described as “adulatory” of a hate object of the Rashtriya Swayamsevak Sangh (RSS), was strongly criticised by large sections of the BJP.

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The country’s largest car manufacturer, Maruti Suzuki India, expects double digit growth over the next few months.

“Our sales have been growing. We see the next two-three months are good months. Definitely to grow by double digit,” Maruti Suzuki India Chairman R C Bhargava told reporters here.

He said the sales had been growing since December 2008. “December 2008-July 2009 are great months.” However, Bhargava was cautious whether this trend would continue. He said the company was not forecasting anything beyond the next four months. “It is because there are so many global and national uncertainities. We don’t know what’s going to happen.”

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A whopping 14.38 million wireless subscribers were added by mobile operators in July this year, taking the total wireless user base to 441.66 million in the country.

According to data released by telecom regulator Telecom Regulatory Authority of India (Trai), about 14.25 million telephone connections, including wireline and wireless, have been added during the month compared to 11.91 million connections added in June 2008. A total of 12.03 million wireless subscribers were added in June.

With this, the overall tele-density in India has reached 41.08 against 39.86 in June 2009, it added.