Japan's Toyota Motor plans to build a third car plant in India, expanding its manufacturing footprint in the country for the first time in over a decade. The world's biggest car maker wants the plant to start with capacity of 80,000 vehicles a year, which could grow to 200,000 over...
Global Automakers Seek Partnerships and Mergers in India
Germany's Volkswagen and India's Tata Motors signed a memorandum of understanding to develop components, and possibly new vehicles. Volkswagen's Skoda Auto AS will join the project on behalf of the German automobile group. Volkswagen CEO Matthias Mueller said the partnership would help it "achieve sustainable and profitable growth in very different...
Harley-Davidson Goes the Whole Hog, to setup manufacturing plant in India
The Four largest motorcycle markets in the world are India, China, Indonesia and Vietnam. In fact in 2002, India ranked top in the world, with an estimated 37 million motorcycles and mopeds. Indian bikes are built to negotiate tough road conditions, erratic drivers and often unforeseen obstacles, such as the...
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...