After a worrying 7 per cent fall in sales in January, Maruti Suzuki, Hyundai Motors, Tata Motors, Mahindra & Mahindra and Honda Siel have notched up an impressive 18.78 per
Auto executives, however, remain sceptical whether the momentum can be sustained for the rest of 2009.
Domestic automobile companies are equipping new car models with the next-generation, Euro-V engines, which will facilitate them to explore newer export markets in Europe and the US. The auto majors have introduced a range of petrol engines for their compact cars, which comply with the Euro-V norms and are meant for the export markets.
Auto makers boost production to meet demand abroad
INDIA is becoming a small-car manufacturing hub for some of the world's biggest auto makers. Annual passenger-car exports from India have jumped fivefold in the past five years. Industry analysts predict exports over the next three years will surge nearly 300% to more than half-a-million vehicles a year.
NEW DELHI: Hyundai Motor India Limited (HMIL) has announced that it will roll out two new models every year and make India its export hub for small cars besides strengthening its research and design activities in India.
In what would be a generational change in its engine technology, India's largest car manufacturer Maruti Suzuki has decided to introduce the new K-series petrol engine in all its cars in India in the next three to five years, according to the company's annual report for 2007-08.
Chennai, Aug. 1: Rising interest rates, fuel prices, inflation and the shaky quarterly results finally seem to be catching on the resilient auto industry. The passenger vehicle segment, which has been weathering the market forces for the last few months, registered a subdued growth in sales during July.
New Delhi: Auto and consumer durables industries are fearing a slowdown as interest rates are expected to rise after RBI's decision to hike CRR and repo rate.
Sales may go down as customers would not be much inclined to enter showrooms with auto loans rates are going up, say car makers. "This will put further pressure on growth, as the market sentiment is already down,' says Arvind Saxena, Senior V-P at Hyundai India.
It could well be the most sought-after stretch of land in India. Five global car majors, two commercial vehicle companies, one tractor manufacturer, three earth moving equipment companies, a tyre major and over 100 auto parts producers have either made it their home or will do so soon.
