17322
Automakers bet on new models to beat slump
Posted on 06 Jul 201210,179 Views0 Comments
Ford, Volkswagen, Renault, M&M pin hopes on game-changing upcoming models
It may well be make-or-break time for a clutch of carmakers that are counting on key upcoming launches to turn the tide for their domestic operations.
Ford, which ranks No. 8 in India -with a market share of under 3% in the first two months of fiscal 2013, according to the Society of Indian Automobile Manufacturers (SIAM)-is banking on sports utility vehicle EcoSport to reverse its fortunes.
The Volkswagen (VW) Group in India, which also includes the Audi and Skoda brands, is still not present in almost two-thirds of the market-the sub- 5 lakh space.
Now, Europe's No. 1 carmaker is hoping to make that mass play with the launch of small car UP, which is expected to hit Indian roads in a year.
Renault, which has had a chequered existence in India since 2005 - the first five of those years in a JV with the Mahindras - is counting on the Duster SUV to pull itself into the reckoning in India.
Do you like this story?
- Previous Story
- Next Story
Readers' opinions ( 0 )
Post a Comment
Post a CommentInterview with A. Sandeep Kumar, Professional racing car driver
by Rahul Basu
As the winner of the 2012 Volkswagen Polo R Cup...
Skoda Rapid Prestige limited edition Launched
by Team ZigWheels
Priced at Rs 8.99 lakh (ex-showroom, Delhi), the...
Chevrolet Enjoy : Special Coverage
Designed to take on everything from the Maruti Suzuki Ertiga to the Toyota Innova the Enjoy is...
Volkswagen XL1 : Special Coverage
The Volkswagen XL1 is a production ready technological masterpiece that showcases how efficient yet...
