Indian carmakers expect the small car segment to help revive an otherwise flagging automobile sector, trampled by poor consumer spending and lack of finance. The mini car segment currently forms about 75 per cent of the entire Indian automobile industry.
New Delhi: Honda's Jazz compact is all set to hit Indian roads on June 10 but the car is likely to cost close to Rs 7 lakh (ex-showroom Delhi), making it the most-expensive hatchback manufactured in India, costlier than others like Hyundai i20 and Skoda Fabia. At this price point, Jazz will also face competition from many sedan models.
Passenger vehicle makers appear to have bucked the general trend of slowing demand, registering an overall sales growth of over 14 per cent in April to 1,38,772 units over the same month a year ago.
New Delhi: Given the state of the global and domestic economies, and the fate that has befallen many of their international counterparts, automobile manufacturers in India are grateful to see fiscal 2008-09 come to an end. However, they are much more concerned about the future.
Hyundai Motor registered 45.3 per cent growth in the domestic market sales at 21,215 cars compared with 14,600 cars for the same month last year. Hyundai
