JD predicts India’s passenger vehicle sales to be 4.5 mn units by 2020, up 80% from now. It had earlier forecast sales to reach 5 mn units by 2020.
Mahindra & Mahindra has lined up three models for launch over the coming festival months: TUV300, S101 and an upgraded Quanto, codenamed U215.
The proposed policy is expected to eliminate polluting vehicles, provide an economic booster to the auto industry, and kickstart vehicle scrappage facilities.
India's automotive industry has bottomed out and launches of new vehicles will spur the sector to 7-8% growth, says Sunjay Kapur, chairman of Sona Group.
It is looking to add 1,00,000 units to exports, taking the number to 2,50,000 lakh. Domestic sales are expected to reach 6,30,000 units.
Maruti Suzuki India expects to sell over 100,000 premium segment cars in the next two to three years, according to its managing director and CEO Kenichi Ayukawa.
World’s largest auto component maker Robert Bosch expects rapid growth of automated driving assistance systems to generate 1 billion.
Sales are likely to be hampered by the withdrawal of excise duty benefits, narrowing gap between petrol and diesel prices and declining rural demand.
Modernisation in Indian trucking will happen and we will lead that: Siddhartha Lal, CEO, Eicher Motors
Siddhartha Lal also explained why Volvo decided to sell its stake in Eicher, while retaining its holding in their unlisted joint venture.
At present, Nissan’s production in India is heavily skewed in favour of exports. The company is looking at fourfold growth in the next five years to sell 250,000 units a year.
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