Which cars can drive Indian auto industry to safety? Companies are also concentrating on launch of new models, upgrading existing cars, or introducing diesel engine vehicles to boost sales volume.
Bajaj Auto showed their new RE60 at the 2012 Delhi Auto Expo, and finally, they are all set to roll out their four seater quadricycle RE60. But they await a call from Government officials, which will define the segment in the auto industry where the RE60 belongs.
Maruti Suzuki India has revealed that in order to protect their market share in the auto industry, they will launch new sub-segment cars. These new Maruti Suzuki cars will be based on their segment leading cars like Alto 800, Swift and Ertiga.
Can Ford EcoSport launch boost Indian auto industry passenger vehicles sales volumes. Utility Vehicle (UV) segment contributes for 20% of industry volumes, and recorded 34.8% YoY sales growth for Feb 2013.
The entire India auto industry has failed to achieve growth targets during the past few months. Customer sentiments remained muted while higher interest rates and price hikes by major automobile companies contributed to a more dismal picture. There was a drop in car sales during January 2013 to the tune of 13%.
SIAM – Society of Indian Automobile Manufacturers has revealed that Indian auto industry has registered their slowest growth in last 9 years for 2012. In Dec 2012, India produced 1,697,625 compared to 1,677,588 in December 2011.
India Ratings and Research has revealed that the outlook for auto sector in the country looks stable for the year 2013. The report mentions that there will be growth in auto industry, but it will lower as compared to previous years.
Indian auto industry sees reduced demand for April-November 2012: Cites rising fuel costs and inflation as main culprits
Rising fuel prices, high interest rates, inflation and an adverse economic crisis has lead to a slowdown of industrial activity in the country. All these…
At the Diesel for Future: Economy & Environment conference organized by SIAM delegates from the auto industry were unanimous with their decision of recognizing diesel as…