Automobile Industry In India

Chennai is certainly back as India's auto-capital

Chennai's Detroit-tag appeared more credible on Monday with Tamil Nadu chief minister Jayalalithaa signing five MoUs with auto majors for setting up production plants near the city.

Mercedes-Benz grows 30 percent in 2011

He said the company finished 2011 on a successful note and started the new year with a range of initiatives to capture the robust growth in luxury segment.

Outlook for India auto sector stable in 2012, says Fitch

Fitch said passenger vehicles volumes are expected to grow by 3-5 percent during the year, with car sales increasing by up to 4 percent.

BMW to stay ahead of rivals this year in luxury car segment

The Munich-based company said on Monday that worldwide sales of BMW, MINI and Rolls-Royce cars rose 14.2 percent to 1.67 million last year.

Renault showcases first mass segment vehicle

Renault has big plans for India in the current year, be it new launches, opening showrooms or ramping up production capacity.

China, India fuelling auto market growth: Ford CEO Mulally

The global automobile market is likely to grow by 5 percent a year for the next two years, led by China and India, Ford Motor Co CEO Alan Mulally said.

Duty on European cars to be cut; but with import quota

India may slash duties on import of luxury cars from European Union under the proposed free trade agreement, but with a quantitative restriction on the number of vehicles to be shipped in, sources said.

GM India reports 7% rise in sales in dec

Car maker General Motors India today reported an increase of 6.74 percent in sales for December 2011 at 9,039 units.

Tata Motors to replace starter motor in 1.40 lakh Nano cars

In the biggest-ever replacement exercise in Indian automobile history, Tata Motors has asked an estimated 1.40 lakh Nano owners to bring back their cars for change of the starter motor free-of-cost.

Nissan Micra, Sunny petrol to be costlier by up to 2%

Nissan is understood to have finalised a hike in the prices of small car Micra and the petrol version of premium sedan Sunny by up to 2 percent from January.