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Monday, 1 December 2008

Auto Fair Season to Begin Soon

The auto fair season is not very far. Various car fairs showcasing the latest and upcoming models are on its way to enthrall the car fanatics. Mumbai, the city of dreams, is gearing up to host one of the most popular car fairs. Scheduled to begin from January 15, 2009 at the Lokhandwala Ground in Andheri (W), the exhibition will display the lasted and pathbreaking products from all arenas of auto industry including two-wheelers, cars, vans, and bikes.

The highlight of the show would be Skoda Superb, which will hit the Indian roads by early 2009. The new Skoda Superb was recently introduced in European markets and has received a good response. Amazingly, the oncoming fair will provide the car a good platform to catch the consumer’s attention prior to its commercial launch in India.

The show will also endow a stage to other forthcoming models for public display. Audience like corporate buyers, high-net-worth families, overseas buyers, transport operators, automobile professionals, hospitality, and media & press will make their presence which will further add value to the event.

Also, the garden city ‘Bangalore’ is all set to host a largest International auto expo of South India, ‘Bangalore International Automotive Expo 2009’. This event will showcase products of over 500 exhibitors to around 5,000 delegates from south. Automotive components and accessories Industry will also be the attraction of the fair coupled with forums, seminars, and workshops based on the current & future trends in the auto industry.

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Tuesday, 26 August 2008

Auto Industry Halts Expansion

Drop in car sales due to increasing inflation have pushed auto companies to halt their expansion plans. Along with auto players, many auto component manufacturers have also lined up their investments as they don’t want to venture the market during this slowdown era.

Currently, auto manufacturers have no justified reason for expansion. Some of the car manufacturers like Toyota Kirloskar Motors, Maruti Suzuki India and Ford Motor India are rescheduling their equipment orders just because the industry is facing a jinx.

The Toyota Motors is slowing down its launches, whereas the Maruti Suzuki India has pushed the sales target to 2011 fiscal instead of 2010. The Ford Motor India is also planning to revise its expansion strategy. Ford has already announced an investment of around Rs. 2 crore in the Indian car market but is now confused with its own decision of expansion.

Recently, Skoda and its sibling Volkswagen have announced its expansion plan by launching a portfolio of cars in India. Are they still in the thought of expanding in the Indian market? If yes, will they benefit from the currently slowed down market?

India is believed to be an optimistic country, but will this optimism sway away with the current slack phase of the Indian car industry?

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