The company which had embarked on a strategy -- One Ford -- taking a single global approach on its overall business, is looking to replicate from what it has done with other markets like Brazil and China.
It brought more drugs under control, cracked foreign firms' patents and introduced new regulations when MNCs acquire Indian cos.
The most marked development of the year was the Rs 10,000 crore (Rs 100 billion) Satyam financial scam, disclosed by the founder B Ramalinga Raju, forcing the government to redraft rules for corporate governance and auditing standards.
High interest rates and lack of retail finance, coupled with rising input costs, threw plans out of gear for automakers and in November the industry saw the worst ever monthly vehicle sales with a decline of 17.98 per cent.
High interest rates and lack of retail finance, coupled with rising input costs, threw plans out of gear for automakers and in November the industry saw the worst ever monthly vehicle sales with a decline of 17.98 per cent.
Japanese small car major Suzuki on Thursday launched its fifth global model small car, which will be launched in India under "A-Star" brand by mid-November this year.
German luxury car and bike maker BMW, which has been shying away from re-entering the Indian motorcycle market, is now looking to source parts for engines and chassis for its high-end two-wheelers from the country. BMW has started sourcing from India in a small quantity for cars as well, like software parts and has been closely working with vendors such as Mico Bosch and Conti.The BMW group on Tuesday reported a net profit of 3.13 billion euros in 2007.
Ambani vs Ambani, Tata vs Birla, Ambani vs Mittal, the fights came in all permutations and combinations, making 2007 arguably the most happening as well as a tumultuous period for the Indian industry that stamped its authority overseas with about 250 acquisitions worth over $32 billion.
As an increase in FDI in retail is being opposed, local retailers have a thriving year.
German luxury car major Audi on Wednesday said it plans to increase local production of its models in India, with its sedan A4, which could be the next one to be manufactured there. The company has already started local production of its A6 sedan at the facility of Skoda, which is also a part of the Volkswagen Group
The Indian automobile industry had an action-packed year with big-ticket announcements such as excise duty cut for small cars, entry of German car major Volkswagen and Mahindra's tie-up with Renault.
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