Due to the continued pressure of high costs, Toyota is considering a price increase of up to 3 per cent across models with effect from January.
The Indian unit of Czech carmaker Skoda Auto said on Monday it expected its sales in 2003 to nearly double from a year ago helped by three model launches and a four to six per cent growth of the premium car segment.
Under its India 2.0 plan, the Volkswagen group will develop and manufacture cars to meet the requirements of the region.
The company believes there is a shift in consumer demand, more buyers could opt for Skoda in future
China's biggest carmaker, which own brands like Maxus, MG, Roewe and Yuejin, plans to invest $1 billion in India manufacturing unit, reports Swaraj Baggonkar from Mumbai.
As India is progressing towards Bharat Stage IV (BSIV) emission norms, most cars still run under BSIII standard.
Nissan and Renault say they will compete with new models, especially small cars, and by growing their dealer network.
Carmaker meets govt; agrees to give evaluation results by Nov-end.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
The Competition Commission of India (CCI) on Monday slapped a penalty of Rs 2,545 crore on 14 top carmakers of the country for violating trade norms in the spare-part andafter-sale service market.
About two dozen car & SUV models and two-wheelers lined up for launch
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