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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 Society of Indian Automobile Manufacturers articles

Maruti Suzuki’s Q3 net income rises more than 100 percent
Maruti Suzuki India's third-quarter income more than doubled to 5.01 billion rupees ($93 million), the company announced, exceeding analysts' estimates. The growth was due to strong demand for Maruti's Ertiga minivans ...
Renault bets on India as European car markets are sinking
Renault has lately been undertaking a massive product offensive in India, with five new models launched in the last 18 months. The French automaker has accelerated product launches in India as ...
Mahindra Reva targets 30,000 sales over the next three years
India's Mahindra Reva Electric Vehicles aims to sell 30,000 cars by 2015, encouraged by government policy support for the industry, the company CEO announced. At the Auto Expo in New Delhi ...
Gasoline sales drop in India, diesel rises
Gasoline sales dropped in November in India as consumers bought less of the fuel, opting more for cheaper diesel. Gasoline sales decreased last month 7 percent from October to 1.2 million ...
India car sales to miss growth forecast for this financial year
Even though India's car sales grew for the first time in five months in November, overall sales are likely to miss the forecast of 2 percent to 4 percent growth ...

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