"We see high market potential with growing population of Indian middle class families aspiring for more advanced features like safety, space, luxury and comfort," Toyota Kirloskar Motor's MD Akito Tachibana told reports at the Auto Expo in Greater Noida last week.
Big brands like Hyundai, Mahindra and Mahindra (M&M), Toyota and Renault have lost share.
Almost every company launched a new product in FY16.
China's automobile industry has been the largest in the world in terms of automobile unit production since 2008.
Japanese automaker Honda Motors is rolling out its small car in India by the last quarter of calendar 2009.
Leading manufacturers, including Maruti Suzuki, Hyundai and General Motors, are planning to raise prices of each of their models starting from the last week of this month or early next month.
In the seven months between April and October this year, the Chevy Spark has managed to sell less than 12,000 units, or an average of 1,700 units a month, while its peers Alto and WagonR (Maruti Suzuki) , Indica (Tata Motors) and Santro (Hyundai) have had average monthly sales of 10,000-18,000 units.
Audi India launched the second generation 2016 Audi R8 at the show.
Harman, the premium global audio and infotainment group, which retails brands such as JBL, AKG and Harman-Kardon, is training Indian engineers based at its research and development centre in Bangalore to work on audio components for brands like BMW and Audi. This business contributes an estimated $600 million to the company's sales.
Dealers have stocked up vehicles in the run-up to a price hike, which is expected to be announced by leading players some time this month.
Some of the notable models set to make a debut next year include the Tata Harrier, the Mahindra S201, the Kia SP Concept, MG Motors' Boujun 530, and the Honda HR-V.
What will it take for Tesla to plug and play in India? Sector pundits say it's a mix of strategy, getting the price right, timing, the right talent, and above all, patience.
Maruti Suzuki is the big exception, with double-digit surge in volume
Despite some manufacturers giving the Expo a miss, there will still be plenty of action.
Besides being budget-oriented these cars also offer fantastic performance and mileage.
Tata Motors on Friday hinted that it may increase the prices of its cars due to continued pressure on margins because of increased input and freight costs.
Quite a few international players also have ambitious plans for the Indian roads.
Market watchers believe Tata Motors' move to upgrade the Nano is a right decision.
While offering discounts of up to Rs 1 lakh, Hyundai, Ford and Honda are also hiking prices by 1-2% from January, Swaraj Baggonkar/Business Standard reports from Mumbai.
In 2012, the Auto Expo will witness more than 55 new cars
Expected to launch by month-end.
Tata now occupies the fourth slot with the incremental volumes from the Tiago
The first month of the new fiscal year saw a slight change in sales trends as market leader Maruti Suzuki saw a decline in sales of its popular models.
'The launch of the vehicle was successful beyond expectation'.
Indian passenger car sales jumped by 10.15 per cent in January to 54,825 units from 49,769 units in the same month last year.
Maruti Udyog Ltd, India's largest carmaker, unveiled on Thursday a new-look Zen, without tinkering with the price, to take on competition posed by Hyundai's Santro and Tata Motors' Indica.
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
Sachin Tendulkar, Virat Kohli, Katrina Kaif, Ranbir Kapoor and Alia Bhat all turned up at the 13th edition of the gala car fair.
Paris-based international advisory firm Mazars predicts four per cent growth in India's automobile sector this financial year.
The Indian passenger car market is booming like never before. With almost every car major already present in the Indian car market with various models, India is one of the hottest automobile markets in the world.
While it is difficult to attribute any one single reason to this, low cost, less depreciation, easier loans, and ready availability of good models are some of the reasons behind this boom.
Industry executives say the government could help in lowering prices of green vehicles by encouraging domestic research and development.
A host of passenger and commercial vehicle manufacturers displayed 'green' vehicles at the Auto Expo. Maruti Suzuki, Hyundai and Tata Motors displayed 100 per cent plug-in electric car concepts, while commercial vehicle manufacturers like Ashok Leyland displayed concept hybrid buses, fuelled both by electricity and diesel.
In doing so, Bajaj has become the first internal combustion engine two-wheeler company to launch an all-electric two-wheeler in India.
The new car, which would come in four variants and two options, is priced between Rs 2.57 lakh and Rs 3.53 lakh.
India's first home-grown mapping company MapMyIndia is looking to list in the public market by raising around Rs 1,200 crore at a Rs 6,000-crore valuation. Sources said the company is ready with its draft red herring prospectus documents and is likely to file as early as next week. While the money will be used for business expansion, it will also give MapMyIndia's early investors, including Qualcomm, PhonePe, and Japanese mapmaker Zenrin Co., a chance to exit. The Verma family, which founded the company, will continue to remain promoters.
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