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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 ...

latest automotive news
Ecclestone lets frustration show in Malaysia
Mar.27 (GMM/Inautonews.com) Bernie Ecclestone cut a frustrated figure on Friday. Speaking to reporters in Malaysia, the F1 supremo refused to ...
BMW X5 xDrive40e is preparing for Shanghai debut
BMW is getting ready to officially present the new X5 xDrive40e during the 2015 Shanghai Motor Show, next month. The BMW ...
[VIDEO] Porsche 911 GT3 RS races Cayman GT4 in new promo
A new Porsche promotional video is showing the brand new Cayman GT4 and the 911 GT3 RS racing each other ...
It’s official – Mercedes-Benz confirms its first ever pickup truck
Mercedes-Benz has officially announced its plans to put a pickup truck into production by the end of the decade. The German ...
2016 BMW M135i gets massive photo gallery
BMW has released a large photo gallery with the recently unveiled M135i, the company’s hot hatch. After being officially presented to ...
PSA chooses France factory expansion instead of Spanish plant
PSA Peugeot Citroen announced that it decided to expand engine production through an upcoming investment plan, with the winner of ...
India: Honda to lift production capacity as demand recovers
The third largest Japanese automaker, Honda Motor Co., has announced recently it would invest around 9.65 billion rupees ($154 million) ...
McLaren plans 540C
A new entry-level sports car, to slot below the upcoming 570S, previously known as the Sport Series, will be developed ...
Honda S660 to get international version with a larger engine
The brand new Honda S660 sports car is believed to spawn an international variant which should be powered by a ...
Mercedes-Benz C-Class Estate AMG Line by Brabus
The aftermarket specialists from Brabus have recently worked their magic on the Mercedes-Benz C-Class Estate AMG Line. The Mercedes-Benz C-Class Estate ...
Testing becomes crucial element in race towards autonomous vehicles
Automakers and technology companies, such as Internet search giant Google Inc., have kickstarted an amazing race to become the first ...
2015 Dodge Durango R/T goes official
Dodge has officially pulled the wraps off the 2015 Durango R/T which has received a series of updates and it ...
Buick Enclave Tuscan Edition introduced
The Tuscan edition of the 2016 Enclave has been recently introduced by Buick as the model is adding a variety ...
US: March sales could surprisingly post a decline
In what could bring a surprising and rare monthly decline, the auto sales for last month now hangs on the ...
[VIDEO] Kermit Green Ferrari 458 Speciale
A unique version of the Ferrari 458 Speciale, finished in Kermit Green, has been recently spotted. Last year, we have seen ...
Spotted – New-gen Kia Optima
The new generation of the Kia Optima has been recently spotted out in the open ahead of its public debut ...
US: Fortune has GM’s Barra in Motor City leadership trifecta
General Motors chief executive officer Mary Barra, Detroit Mayor Mike Dugga and the city’s former emergency manager, Kevyn Orr have ...
Netherlands: Uber offices raided by regulators in court ruling compliance issue
US-based ride-hailing service provider Uber Technologies found its Amsterdam offices recently raided by a Dutch regulatory agency over its UberPOP ...