Over the next four years, automakers will invest $8-10 billion to set up factories in India. Maruti Suzuki, South Korea based Hyundai Motor Company and Kia Motors, Chinese SAIC, Changan and Beiqi Foton, and Italy’s Fiat, are among the companies that plan to expand production in the country. The Indian...
India becoming a source for cars
India's Mahindra & Mahindra sells its XUV sports utility vehicle in Europe since late 2012 and is expanding shipments to Latin America. And Korean automaker Hyundai has been shipping Chennai-built cars to Africa for more than five years. But now France's Renault is shipping India-built Dusters to Europe. Fiat and...
Ferrari to sells four models in India this year
In deal with India's Shreyans group,the Italian sportscar maker Ferrari plans to open its first dealership in New Delhi in the upcoming spring, and a second one is scheduled to open in Mumbai in the second half of 2011. The company, a unit of Fiat, will sell its California, 458...