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Sep 2, 2015

GM expects India business to be profitable in five years

NEW DELHI (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) expects to be profitable in India in five years as it cuts costs and works towards increasing locally produced content for its cars, the automaker’s country chief told Reuters.

After two decades in India, GM’s sales are falling and it is still losing money, some 38.5 billion rupees ($581 million) in the year to March, a company filing with the corporate affairs ministry showed.

Aug 26, 2015

Global carmakers reengineer India strategy to grow sales

NEW DELHI (Reuters) – Leading global carmakers are reviewing their blueprint for India to boost sales and avoid more painful cutbacks, after struggling to win over consumers even as the market swings to growth and dominant local players begin to raise prices.

Automakers like General Motors, Nissan Motor Co and Renault SA have over the past weeks announced hundreds of job losses. Some have already reduced output, and industry analysts expect more to come.

Aug 20, 2015

Renault-Nissan cuts jobs, output in India as sales slow

NEW DELHI (Reuters) – Franco-Japanese carmaking alliance Renault-Nissan plans to cut several hundred jobs in India and reduce production at its plant near Chennai, in the country’s south, a top executive told Reuters late on Thursday.

The move is in reaction to slowing sales caused by the slow pace of new product launches and growing competition from rivals like Maruti Suzuki India Ltd and Hyundai Motor Co.

Aug 12, 2015

Ford targets emerging markets with frugal India build

NEW DELHI (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) plans to use low-cost engineering it learned in India to develop compact models for other emerging markets, executives said, emulating a strategy used by Asian rivals that outsell it in the world’s fifth-largest auto market.

The U.S. automaker has struggled to compete in India, a market where small, inexpensive yet powerful cars are popular and which is dominated by brands from Maruti Suzuki India Ltd (MRTI.NS: Quote, Profile, Research, Stock Buzz) and Hyundai Motor Co (005380.KS: Quote, Profile, Research, Stock Buzz).

Aug 11, 2015

Ford targets emerging markets with frugal India engineering

UDAIPUR, India (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) plans to use the low-cost techniques it learned in India to develop compact models for other emerging markets, executives said, copying a strategy used by the Asian rivals that outsell it in the world’s fifth largest auto market.

The U.S. automaker has struggled to compete in India, a market where small, inexpensive yet powerful cars are popular and which is dominated by carmakers such as Maruti Suzuki India Ltd (MRTI.NS: Quote, Profile, Research, Stock Buzz) and Hyundai Motor Co (005380.KS: Quote, Profile, Research, Stock Buzz).

Aug 7, 2015

Weak China sales dent quarterly profit at Tata Motors

MUMBAI/NEW DELHI (Reuters) – Falling sales of sleek Jaguar saloons and sporty Range Rovers in China, the world’s biggest car market, and foreign exchange volatility nearly halved quarterly net profit at Tata Motors Ltd (TAMO.NS: Quote, Profile, Research, Stock Buzz), India’s top automaker by revenue.

The economy in China, a big market for Tata Motors’ luxury arm Jaguar Land Rover, has slowed to its slackest pace in 25 years and low consumer confidence is affecting car sales in that country.

Aug 7, 2015

Weak China sales dent quarterly profit at India’s Tata Motors

MUMBAI/NEW DELHI, Aug 7 (Reuters) – Falling sales of sleek
Jaguar saloons and sporty Range Rovers in China, the world’s
biggest car market, and foreign exchange volatility nearly
halved quarterly net profit at Tata Motors Ltd,
India’s top automaker by revenue.

The economy in China, a big market for Tata Motors’ luxury
arm Jaguar Land Rover, has slowed to its slackest
pace in 25 years and low consumer confidence is affecting car
sales in that country.

Aug 6, 2015

Bharti Airtel to expand 4G ahead of Reliance launch

GURGAON, India (Reuters) – India’s top cellular carrier Bharti Airtel Ltd (BRTI.NS: Quote, Profile, Research, Stock Buzz) is expanding its fourth-generation (4G) mobile phone services to cover nearly 300 towns in the coming weeks, ahead of a launch by a formidable newcomer.

Mobile phone carriers in India, the world’s second-biggest market by number of customers, have spent billions of dollars on buying telecom airwaves to meet surging demand for data services.

Aug 6, 2015

India’s Bharti Airtel to beef up 4G ahead of rival launch

GURGAON, India, Aug 6 (Reuters) – India’s top cellular
carrier Bharti Airtel Ltd is expanding its
fourth-generation (4G) mobile phone services to cover nearly 300
towns in the coming weeks, ahead of a launch by a formidable
newcomer.

Mobile phone carriers in India, the world’s second-biggest
market by number of customers, have spent billions of dollars
on buying telecom airwaves to meet surging demand for data
services.

Aug 5, 2015

Maruti Suzuki launches crossover in late assault on India SUV market

NEW DELHI (Reuters) – Maruti Suzuki(MRTI.NS: Quote, Profile, Research, Stock Buzz), India’s car market leader but lagging Ford Motor Co(F.N: Quote, Profile, Research, Stock Buzz), Renault SA(RENA.PA: Quote, Profile, Research, Stock Buzz) and others with new models in the fast-growing SUV segment, launched a crossover vehicle on Wednesday that aims to support ambitious sales growth plans.

Maruti has set a target of nearly doubling its annual sales to 2 million vehicles by 2020, when analysts expect India will become the world’s third-largest auto market with sales of more than 5 million vehicles despite sluggishness in recent years.

    • About Aditi

      "Aditi writes about automobiles and real estate in India, working out of the New Delhi bureau. She joined the Reuters company news team in 2011 after spending nearly four years in London writing for a property magazine. Aditi is passionate about travel, has a growing interest in photography, and ends up buying more books than she will ever read."
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