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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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More indian auto industry articles

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
George Michael Fell Out of His Car While Speeding on the M1 Motorway
According to witnesses, George Michael fell from his speeding vehicle on the M1 motorway carriageway. The accident took place last Thursday, ...
Marchionne Apologized to All Italian-Americans for Using the Term “Wop”
Fiat and Chrysler CEO Sergio Marchionne apologized to Italian-Americans after the used the word ‘wop’ at a press conference in ...
Wanxiang and VL Auto Want to Buy Fisker
VL Automotive, led by former GM executive Bob Lutz, and Wanxiang Group plan to buy Fisker, according to anonymous sources. China's ...
Two Denso Executives Plead Guilty for Conspiring on Fix Prices for Auto Parts
Two Denso executives pleaded guilty for conspiring to fix prices of electronic auto parts offered to Toyota. The two executives, Yuji ...
GM Invests $44.5M for New Logistics Center at Lansing Grand River Plant
GM plans to make an investment of$44.5 million to open a new logistics center at the Lansing Grand River facility, ...
French Auto Orders Down 0.5% in April
A recent survey shows that French auto orders have dropped 0.5% in April, a sign of the auto market stabilization. The ...
Ford to Launch 15 New Vehicles in Europe in Five Years With UK-Built Engines
Ford plans to launch more than 15 new vehicles in the European market in the following five years, most of ...
Fiat Industrial to Move Tax Residence From Italy to the UK after Merger With CNH
Fiat Industrial plans to move its tax residence from Italy to the UK after the merger with CNH. In 2012 Fiat ...
AutoZone Third Quarter Profit Up 6.8%
US largest auto parts retailer AutoZone reported a quarterly profit increase of 6.8%, surpassing analysts’ estimates. As an increased number of ...
Vettel urges F1 to rethink tyre ‘recipe’
May 21 (GMM/Inautonews.com) World champion Sebastian Vettel has called on Pirelli to consider a fundamentally different approach to its ...
Whitmarsh denies Honda factor in Lowe release
May 21 (GMM/Inautonews.com) McLaren on Tuesday played down reports linking its new Honda engine deal with Paddy Lowe's early ...
Infiniti to Create Luxury Rival for the Nissan Leaf
The fact that Infiniti has created an EV based on the Nissan Leaf technology, means that more automakers will adopt ...
Ferrari 458 Scuderia might be unveiled in Frankfurt
The Italian based automaker Ferrari is planning to introduce the Scuderia version of the 458 this autumn, during the 2013 ...
Renault Captur was launched in Romania
Renault has recently announced the launch of the new Captur in Romania, where the model will be available to its ...
Ferrari 360 Spider hits car, catches fire
A Ferrari 360 Spider has recently caught fire after hitting another vehicle in Akron. We have always said here on inautonews.com ...
Ford: More than 3,000 orders received for the new Fiesta ST
The North American based automaker Ford has recently announced that more than 3,000 orders have been received for the brand ...
Renault Megane RS Red Bull Racing RB8 Limited Edition unveiled
Renault is known for applying F1 technology on its road cars and the latest example of paying tribute to its ...
Automakers Support US-EU Free-Trade Deal
Automakers support the free-trade deal between the EU and the US, as they want auto safety regulations to be the ...