Move to reduce ballooning interest cost borne by dealers.

This move has resulted in reduction in interest cost by as much as 20 per cent, say dealers

Choking up with more vehicles leads to tight working capital for the dealers

K. Giriprakash

Surajeet Das Gupta / New Delhi May 20, 2009, 0:22 IST

The additional production will be at one of the two plants near Chennai

Hyundai Motors India Ltd, the country


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.

Swaraj Baggonkar & Danny Goodman / Mumbai/new Delhi May 14, 2009, 0:12 IST

Maruti Suzuki launches the Ritz on Friday.

As Maruti Suzuki, India

India to gain from tax sops & fiscal incentives on small, fuel-efficient cars in Europe, UK & South Korea
Chanchal Pal Chauhan NEW DELHI

INDIA, the world

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