The country's largest car maker Maruti Suzuki India's 'completely made in India car' will hit the roads by 2012 and the company is likely to finalise the design within the next six months.
The company has proposed to launch the 'made-in-India' car in the next three years. Given its nascent engineering strength, the Indian auto co is looking at existing platforms. The company will, therefore, save a fortune by not opting for a completely new car platform. Generally, the cost of developing a new platform constitutes a substantial part of the expenditure incurred on a new car's production.
Why is Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, not worried about the competition?
Sedans and hatchbacks have both lost market share to SUVs, which now account for more than 50% share of the 4 million-odd-unit PV market in the country.
Maruti's exports are limited and mainly to countries in Africa and Latin America.
India has exported passenger vehicles worth $268 million to the US in three months ended June
Increasingly, more companies are making cars in the country and exporting them globally.
The Tata Nexon and Mahindra Marazzo ace the safety ratings, but what about other Made in India cars? How safe is the car you drive?
As the company gears up for selling its made-in-India car Micra by July this year, the auto major has started an initiative to tap B-school students from Delhi, Bangalore, Chennai and Mumbai for brand promotion activities.
The Polo would be available in both petrol and diesel variants.
The move comes close on the heels of growth in developed auto markets such as the US and Europe dipping in the red. Analysts say that global auto companies are now focusing on developing new models for emerging markets like India, their with main focus on containing costs. The cost of development in India is considered to be the lowest in the world.
Rajesh Karkera/Rediff.com got the chance to get behind the wheel of the KIA Seltos in rain-splattered Goa, and can't get over the experience.
Most Indians have an Ambassador story. Avishek Rakshit chronicles what made this car such an indispensable part of India's cultural psyche.
With slowing sales and to avoid inventory accumulation, Toyota Kirloskar Motor Pvt Ltd has planned to cut production of passenger cars and utility vehicles at its factory in Bidadi, 35 km from Bangalore.
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