High growth India
India's rapid rate of economic growth is boosting its auto market and industry. With a population well in excess of a billion, motorisation has a long way to go as real incomes rise and India's middle-class expands. The country is also developing as a low-cost global hub for small car manufacturing.
BRIEFING FEATURE: India's booming auto industry
2 November 2010
India is currently experiencing auto industry growth at a rate similar to that experienced by Brazil one decade ago, with numerous manufacturers establishing themselves singly or as part of joint ventures. While there are still significant challenges that may prevent India from experiencing the same sort of explosive growth seen in China, it has the potential for high rates of growth in the coming years.
ANALYSIS: India's rising manufacturing labour costs overtake China
2 November 2010
Manufacturing labour costs in India have risen nearly 20% this year and will eclipse those in China as Indian workers have seen their wages increase sharply over the last year on the back of high inflation and a recovery in domestic demand, according to a study by consultants IHS Global Insight.
INDIA: Figo passes 50,000 mark as Ford sales boom
2 November 2010
Ford India is the latest carmaker in the country to report booming sales in October with 9,026 vehicles leaving the showrooms, an increase of 161% over the same month last year.
INDIA: Mahindra & Mahindra October sales boom
1 November 2010
Mahindra & Mahindra has reported a 34% growth in vehicle sales for October 2010 which stood at 34,495 units as against 25,670 units during October 2009.
INDIA: Tata reports 21% October jump
1 November 2010
Tata Motors has reported a 21% jump in its October sales over the same month last year to 64,757 vehicles.
INDIA: GM chief bullish
1 November 2010
Chevrolet's local chief is bullish about prospects in India as he prepares to officially open a new engine plant next week.
INDIA: Carmakers continue to hit new highs
1 November 2010
Maruti Suzuki and Hyundai, India's two top selling car brands, posted record sales in October as a strong economy continued to bring consumers into showrooms to buy new models ahead of the religious festival season.
INDIA: GM India to showcase electric car by 2011
26 October 2010
General Motors (GM) India will showcase an electric car in 2011, local reports have said.
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