New Automakers Entering India

Saturday 27 November 2010, 00:00 AM by Payal Pathak

Indian market is just a little overwhelmed with new entrants in the market. Volvo had been the one of the last ones to make its entry in the Indian market whereas some of the car makers like Renault are gearing up for their space in Indian automobile scenario. As per the latest report from Ernst and Young, India is slated to become the fastest growing market for automobiles and is likely to beat China, North America and Europe in coming years.

Few of the automakers who are in final stages of making an entry into the Indian market are Kia, Peugeot, Triumph and Scania. Spyker, maker of super luxury cars has also announced that they intend to import their cars in India and have finalised two dealers in Mumbai and New Delhi respectively.

While Peugeot has been known for a long time to be in talks with the Tamil Nadu government to set up its assembly operations near Chennai, Kia, the South Korean affiliate company of Hyundai is in the process of bringing its SUV and a small car in the Indian market.

Fiat is planning to integrate Chrysler in its network and has decided to go independent in the Indian market. Fiat intends to open its own dealership network pan India and promote sales and service of its cars. So far, it has been selling its models via Tata Motors dealer networks.

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