China doesn’t lure auto world anymore, India does!
Buying a car is no more a luxury for Indians, it’s a necessity. For the global automotive industry, China is now a passé, India grabs all their attention. Last year, car sales in India totaled in 1.1 million with compact hatchbacks accounting for nearly three quarter of that.
Time for Maruti, Tata, or Mahindra to pull up their socks, foreign automakers like Nissan, Hyundai, and Renault are aiming big in India. A recent auto survey says that the car market in India is growing at an average of 20 percent a year, outpacing even China.
Nissan already made its entry to the Indian market with Renault SA of France and Indian automaker Mahindra & Mahindra Ltd and sold its Logan like hot cakes early this year. Japan’s carmakers are not behind in this race, the biggies like Toyota and Honda have already pronounced their presence here loudly.
Maruti 800, Alto, or Santro says small car is always a big hit in India. Incited by Tata's super-cheap People’s Car next year, Nissan and Renault are projecting a car that may sell for as little as $2,500. And now India’s two-wheeler giant Bajaj and Renault are discussing the possibilities of ultra inexpensive cars.
With this pace, bicycle and two wheelers may look like extinct products of the auto world.
Time for Maruti, Tata, or Mahindra to pull up their socks, foreign automakers like Nissan, Hyundai, and Renault are aiming big in India. A recent auto survey says that the car market in India is growing at an average of 20 percent a year, outpacing even China.
Nissan already made its entry to the Indian market with Renault SA of France and Indian automaker Mahindra & Mahindra Ltd and sold its Logan like hot cakes early this year. Japan’s carmakers are not behind in this race, the biggies like Toyota and Honda have already pronounced their presence here loudly.
Maruti 800, Alto, or Santro says small car is always a big hit in India. Incited by Tata's super-cheap People’s Car next year, Nissan and Renault are projecting a car that may sell for as little as $2,500. And now India’s two-wheeler giant Bajaj and Renault are discussing the possibilities of ultra inexpensive cars.
With this pace, bicycle and two wheelers may look like extinct products of the auto world.
Labels: Bajaj, Car competition, Car manufacturers in India, Honda, Hyundai, Mahindra, Mahindra-Renault, Maruti, Nissan, Renault, Tata, Toyota
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