Brijmohan Lall Munjal, 92 years, the grand old patriarch of the Hero MotoCorp group passed away on Sunday after a brief illness.
"We think India is in a situation where it can be on top in terms of growth compared with the large markets."
Mercedes-Benz India is looking at expanding local manufacturing, a plan that depends on getting support such as tax concessions from Maharashtra.
Amtek , in dire need of funds, is likely to be looking for early closing of transactions, which analysts say could pose valuation risks.
The consolidated debt of the group is about Rs 17,500 crore. Its immediate aim is to bring this down to about Rs 10,000 crore.
Carmakers have lined up over half a dozen launches in the next few weeks, timing them with the upcoming festival season to improve their sales numbers.
General Motors India has said it will take bookings for its premium sports utility vehicle Trailblazer on ecommerce site Amazon.
SN Burman, vice-president and head of institutional sales and used-car business, submitted his resignation a few weeks ago and is likely to leave the company this week.
Auto makers had sold more than 2.6 million passenger vehicles in fiscal 2015, a 3.9 per cent increase from the year before.
The wage agreement with workers at its Manesar and Gurgaon plants will set a new benchmark for the automobile industry in India.
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