Automakers race to feature new models at the 2012 New Dehli Auto Show

Article by Anita Panait, on January 4, 2012

Automakers from around the world will unveil around 50 new fuel-efficient cars and SUV models at India's Auto Expo. Tata Motors’ Jaguar Land Rover, Ford Motor Co, SsangYong Motors, Toyota Motor Corp., Renault, and Marti Suzuki have confirmed attendance in the Indian auto event. The carmakers are taking stand in India, underscoring the country’s importance to the auto industry.

“The overwhelming feeling is that this current sales slowdown is a temporary phenomenon and global carmakers are certainly betting on India to bounce back,” R.C. Bhargava, chairman of Maruti Suzuki, told Reuters." Bhargava noted that that there is a race to offer a small and cheap hybrid car, which would surely be a hit in the Indian market.

Car sales in India increased by 30% in the fiscal year to end-March 2011. Following that period, however, interest rate hikes and rising input costs jacked up car prices, thus decreasing the demand for cars.

If you liked the article, share on:

Comments

Recommended

Mazda seems too far ahead in Safety technology for having four of its vehicles chosen as the safest on the road. Very recently, the Insurance Institute for Highway Safety has...
by - June 22, 2017
The automotive world is intensely competitive given the growing number of players, but the British car manufacturer is adamantly holding on to its spot. The 2018 Jaguar XF Sportbrake, priced...
by - June 22, 2017
Audi’s all-electric supercar, the R8 e-tron, had been discontinued last October after being in the market for under two years. The electric vehicle was then exclusive to the European market...
by - June 22, 2017
Dodge has made it clear to everyone, including its potential buyers, that the Challenger SRT Demon is a street-legal drag car - that it is unlike any of your ordinary...
by - June 22, 2017
After a number of failed attempts, Tesla finally gets an Arizona dealership license by winning a court battle that allows them to sell directly to consumers. The automotive dealer license...
by - June 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries