Mercedes-Benz, the German luxury car maker marked 25 years of producing its vehicles in India, where the company has sold 110,000 locally made cars. In 1994, the company first started to assemble cars in India with its production site located in the Tata Motors premises before it shifted to its...
Auto sales rise 31 percent in 2010, will continue at 15 percent or better in 2011
The Society of Indian Automobile Manufacturers (SIAM) reported that 2010 sales climbed to 1.87 million cars from 1.43 million in 2009, a breathtaking increasing of 31 percent. Car sales are projected to rise to 3 million units a year by 2016, according to SIAM. Growth will not be as high...