2015 has been the year when the automotive market in India got the required push & showed some positive signs of growth, thanks to the new models launch by almost all manufacturers in the country. If 2015 was the beginning then 2016 is all set to be the metaphor that is all set to turn around the complete scenario. India is all set to be the 3rd largest automotive market in the world this year.
Big companies like Fiat Chrysler, General Motors, Volkswagen, and Mercedes Benz almost all big players in the world are betting for Indian market, market pundits are expecting Indian market to reach 6 million units by the end of this decade.
The new initiatives like ‘Make in India’ campaign by the government has already boosted the interest of these companies to come & invest in India. The Maruti Suzuki Baleno which is the first 100% developed car in India has already started its supply to Japan to target the world markets, witnessing the huge success of the car the company has given the task of developing 3 more cars fully developed by the R&D division of Maruti in India.
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Mercedes Benz is all set to introduce 15 new models in India by the end of the FY 16-17. Proposed investment that is promised to come in the ongoing FY is below:
Renault motors expects India to be one of their top 5 markets in 2016, the hugely successful Kwid has already triggered the kind of sales the manufacturer was hoping for, now the compact car is all set to debut in the world market with little changes that in terms of the emission standards & safety features.
The favorable Indian market conditions are acting like a catalyst for luxury & premium car makers who have proposed huge investment & received double digit growth when we see their annual sales.
On the similar lines the used vehicle market is also witnessing a boom time, thanks to the sentiment change in the minds of people & coming up of organized players like Shriram Automall for facilitates exchange of used vehicles in India. The company effectively deals in used commercial vehicle, construction equipment, Two & Three Wheelers, Passenger vehicles & Agri Equipments.
The new initiatives like ‘Make in India’ campaign by the government has already boosted the interest of these companies to come & invest in India. The Maruti Suzuki Baleno which is the first 100% developed car in India has already started its supply to Japan to target the world markets, witnessing the huge success of the car the company has given the task of developing 3 more cars fully developed by the R&D division of Maruti in India.
Mercedes Benz is all set to introduce 15 new models in India by the end of the FY 16-17. Proposed investment that is promised to come in the ongoing FY is below:
Renault motors expects India to be one of their top 5 markets in 2016, the hugely successful Kwid has already triggered the kind of sales the manufacturer was hoping for, now the compact car is all set to debut in the world market with little changes that in terms of the emission standards & safety features.
The favorable Indian market conditions are acting like a catalyst for luxury & premium car makers who have proposed huge investment & received double digit growth when we see their annual sales.
On the similar lines the used vehicle market is also witnessing a boom time, thanks to the sentiment change in the minds of people & coming up of organized players like Shriram Automall for facilitates exchange of used vehicles in India. The company effectively deals in used commercial vehicle, construction equipment, Two & Three Wheelers, Passenger vehicles & Agri Equipments.
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