Henry's Feed
Jan 7, 2012
via India Insight

India’s busy Auto Expo and the risk of an industry believing its own publicity

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After fighting through the sea of camera-wielding car enthusiasts clutching their bags filled with corporate gifts to meet with Anand Mahindra, vice-chairman of the Mahindra group, it was difficult to argue with his rosy view of India’s car industry.

“Just look at all these people,” said Mahindra. “If these crowds translate into market appetite, it’s not much of a slowdown,” he added, shaking his head at the view from a glass-walled office high above the teeming masses at the India Auto Expo on Friday.

Jan 6, 2012

Politics to drive timing of Maruti factory plans

NEW DELHI (Reuters) – With India’s economy hitting a rough patch and political gridlock stalling reforms, the country’s largest carmaker will decide only after parliament’s budget session in March on when to break ground on a new $1 billion manufacturing complex.

Maruti Suzuki (MRTI.NS: Quote, Profile, Research) is in talks to buy two 500-acre tracts of land in the western state of Gujarat but is worried that slowing economic growth will crimp demand for cars — even as global players crowd into the market and add capacity.

Jan 6, 2012

Indian politics to drive timing of Maruti factory plans

NEW DELHI, Jan 6 (Reuters) – With India’s economy
hitting a rough patch and political gridlock stalling reforms,
the country’s largest carmaker will decide only after
parliament’s budget session in March on when to break ground on
a new $1 billion manufacturing complex.

Maruti Suzuki is in talks to buy two 500-acre
tracts of land in the western state of Gujarat but is worried
that slowing economic growth will crimp demand for cars — even
as global players crowd into the market and add capacity.

Jan 6, 2012

Green cars headline Delhi Auto Expo, but India not ready

NEW DELHI (Reuters) – Music blared and white smoke swirled in the cavernous Tata Motors hall at the Delhi Auto Expo as an excited crowd milled near a stage displaying the company’s new hybrid car.

Most, though, were craning their necks to catch a glimpse of the carmaker’s new gas-guzzling Safari off-roader being launched on the other side of the hall. Few seemed to notice the sparkling green-technology vehicle behind them.

Jan 6, 2012

Green cars headline auto show, but India not ready

NEW DELHI, Jan 6 (Reuters) – Music blared and white
smoke swirled in the cavernous Tata Motors hall at the
India Auto Expo as an excited crowd milled near a stage
displaying the company’s new hybrid car.

Most, though, were craning their necks to catch a glimpse of
the carmaker’s new gas-guzzling Safari off-roader being launched
on the other side of the hall. Few seemed to notice the
sparkling green-technology vehicle behind them.

Jan 6, 2012

Diesel car boom in India puts automakers in a fix

NEW DELHI, Jan 6 (Reuters) – Carmakers in India face a
quandary: diesel or petrol?

In a market where once-rampant growth has been stalled since
mid-2011, demand for diesel-powered cars continues to surge,
with buyers willing to wait months to take delivery because of a
widening gap between prices of gasoline and diesel.

Jan 5, 2012

Global automakers muscle in on India SUV market

NEW DELHI, Jan 5 (Reuters) – Bigger is better for
global automakers aggressively targeting growth in India’s
underdeveloped SUV market as the country’s much-vaunted small
car market stalls.

Ford Motor Co, Hyundai Motor Co and
domestic leader Maruti Suzuki Ltd all unveiled new SUV
models for the Indian market as part of over a dozen new rugged,
full-powered SUVs at the India Auto Expo.

Jan 5, 2012

Carmakers see India sales slowdown “temporary”

NEW DELHI, Jan 5 (Reuters) – A slowdown in car sales
in India is seen as a passing phase and automakers expect demand
to pick up once high interest rates start easing and growth in
Asia’s third-largest economy bounces back.

However, it will take some time to get back to the
double-digit growth, top carmakers said at the 2012 India Auto
Expo that began on Thursday.

Jan 3, 2012

India’s flashy new rich drive luxury car boom

MUMBAI (Reuters) – From farmers who swapped fields for cash to 20-something CEOs that inherited the family business, hot new money is flooding India’s luxury car market as roaring sportscar engines announce the country’s growing wealth on its roads.

No senior Indian executive feels complete without his sleek German-made saloon, while Italian sportscars are the new calling cards for the country’s rich young things at exclusive nightclubs that screen guests at the main gate, not at the door.

Jan 3, 2012

Global carmakers to go greener at Delhi Auto Expo

MUMBAI (Reuters) – Fuel-efficient cars and a slew of new SUV models will be unveiled at Delhi’s Auto Expo later this week as global carmakers continue to rev up their activity in one of the world’s few growth engines despite a recent slowdown in sales.

Around 50 new models will be presented to hundreds of delegates and half a million visitors as carmakers look to move on from a year of sluggish sales due to high interest rates and rising costs and fuel prices in Asia’s third-largest economy.