More than three million cars were sold last year in India, a 6.4% increase over 2014, according to Euromonitor. Sales are expected to grow by 4.7% in 2016 as buyers are encouraged by lower fuel prices and reduced interest rates, reports CNN Money. “We are going to see a flood...
India Serves as Low-Cost Innovation Platform for Ford Africa
Ford Motor Co., plans to use low-cost engineering it learned in India to develop compact models for other emerging markets, executives said, emulating a strategy used by Asian rivals that outsell it in the world's fifth-largest auto market, reports Reuters. Ford aims to expand market share from the current 3%...
America's Jeep Returns to India with $280 Million Investment
Fiat Chrysler Automobiles announced that it will invest approximately $280 million in its manufacturing joint venture, Fiat India Automobiles, with Tata Motors. The manufacturing facility in Ranjangaon, located around 31 miles (50 km) from Pune in the western state of Maharashtra, will support the production of a new Jeep vehicle. Production is...
General Motors Expects its India Market to Eclipse Japan Soon
According to a news item in Reuters, General Motors aims to capture at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world’s third biggest with projected annual sales of 8 million vehicles by 2025. “India may be the...