While Renault reported an over 12 per cent decline in sales and lost market share, Market leader Maruti Suzuki grew over 19 per cent.
Joint crack team of Maruti, Tata Motors, M&M to develop hybrid cars in India
A weaker rupee against the US dollar and the Japanese yen along with margin sustenance pressures have forced companies to raise prices.
The total number of passenger vehicles (cars and utility vehicles) sold annually in the 1970s was 32,000 units - less than even one week's sales today.
Experts say poor city planning and inefficient administration turned an unusually high rainfall into a disaster.
Renault says that one of the reasons why its sales look muted when compared to its peers is its limited reach.
Model 3 received 180,000 orders worldwide.
The industry players couldn't hide their disappointment.
'Make in India' will be central to Mr Modi's visit to Europe and Canada. It is difficult to predict what will happen with the Rafale deal, but if it goes through, it will undoubtedly become the 'Mother' of all 'Make in India' projects,' says Claude Arpi.
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