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Report: India’s new car market expected to shrink for the first time since 2003


New car sales in India are expected to fall for the first time in a decade due to a sharp economic slowdown, high loan rates and rising fuel prices, according to a report from the Wall Street Journal. Sales have fallen in five of the first 10 months of the fiscal year that will end on March 31, including a more ...
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Tata Group plans investments of more than $8.2 billion by 2015
Indian conglomerate Tata Group plans to invest more than 450 billion rupees ($8.2 billion) over the next two years, according to the company's new chairman. Cyrus Mistry, Tata's new boss, wrote ...
BMW considering Mini plant in India if demand justifies it
BMW said on Wednesday it may consider building a plant in India to make Mini vehicles, provided that there is market potential for premium small cars. According to BMW Group India ...
Mahindra Reva opens new EV plant in Bangalore
Mahindra Reva Electric Vehicles, a subsidiary of Mahindra Group, has inaugurated a new automobile factory in Bangalore, India. The new assembly plant has an annual capacity of 30,000 cars and is ...
Impact: Peugeot Citroen might leave India
French giant Peugeot-Citroen (PSA) started the process to close its office in Mumbai – India, as a result of the slowing economy in France. Peugeot was planning on re-entering in the ...

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