From a Rs 9-lakh Maruti to a Rs 2 crore-Nissan, Indian auto industry packs quite a surprise for car buyers
India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, observes T N Ninan.
Earning woes drag markets lower; TCS, HUL lead fall.
Apart from around 40 Japanese companies and five global vendors of MG Motor India, many other biggies are eyeing Gujarat for either greenfield opportunities or brownfield expansion.
Nifty50 surged 87 points to end at 8,157, highest closing levels since Oct 29, 2015.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
