More and more car manufacturers in India are implementing or are about to implement Maruti Suzuki India’s success mantra: Building an entry level hatchback, sedan, SUV and MPV on the same platform. Maruti has this in the form of Swift hatchback, DZire sedan, and Ertiga MPV.
Resurgent India says increased economic activity in India will steer the country ahead to be among the top three leaders in the auto industry by the year 2020.
Showing concern for prolonged fall in auto sales in India, Praful Patel, Minister of Heavy Industries has pitched for a stimulus package in anticipation of bringing our auto industry out of the doldrums in much the same way as the Food Bill introduced yesterday is giving further stimulus to 82 crore people in the country.
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.