INDIA: Manufacturers plan 17 model launches, hope for excise duty cut
India Today reports that 17 new car models will be launched in India along with their variants and special editions of old models. During the last quarter of 2002 alone, Toyota Kirloskar launched the Camry (price 1.8 million rupees), General Motors India the Opel Vectra (1.55 million), Telco the Indigo and Daimler Chrysler India the Mercedes E Class (4 million) and SL 500 (8.5 million). India Today expects that every car company will launch one new car during 2003 due to the increase in demand in recent months.
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