Mercedes Benz is now a well-established presence in India in the luxury car market, even though BMW is nipping at its heals. The company came to India 15 years back in association with Tata Motors, and later struck out on its own, and has done well too.
Even after a few attempts and decisions against it, PSA Peugeot Citroen is yet again mulling over tapping the oportunities in India. The car maker, which is the second largest automotive company interms of sales, is zeroing in on the south Indian state of Andhra Pradesh.
The much applauded Camry will be soon be manufactured in Toyota's Indian manufacturing facility. The Japanese major is looking at making Camry in the country as importing the car as it does now means paying high import duty in India. Update: Fortuner launched! Rs 18.5 lakhs, diesel, 171 PS. Click here for more.
The Nissan Motors - Renault SA combie have decided to temporarily hold their auto manufacturing production projects in India. The reason, as we know, is the current sate of the economy.
Automotive giant Toyota Kirloskar Motor is pumping in a capital investment close to Rs 32 billion in its second plant in India. The second plant, which is said to be getting ready to go stream in year 2010, will boast of an initial annual production capacity of around 100,000 vehicles.
India’s famed and hugely popular Maruti car brand will soon hum the tune of Hamara Maruti.
Cash-strapped it may be, but General Motors Corp is said to have lined up big investment plans for India. The slowdown in the local market is not seen as a hindrance by the car major.
Europe beckons, much more than ever for Maruti Suzuki India, it seems. The car maker is lining up major expansion plans for the European region.
Automotive major Toyota Motor Corporation will pump in an amount close to Rs 3,200 crore in building a new plant in India. The aim is to meet the broad needs of customers in India, where the car market is growing at a rapid pace, said the company.
Starting 2010, India’s automotive giant Maruti Suzuki will design its own cars in the country. With a view to kick off the plan, the company will be hiring as many as 1000 engineers in various engineering disciplines like design, electrical and mechanical engineering, the company has said. This means that post-2010, Maruti will be capable enough to launch a complete indigenous car designed and manufactured by Indian engineers.
Fiat, the Italian car giant is looking at extending presence in India with more tie ups in the country.