Five names in the automobile world are gearing up to enter India, the second-fastest growing market globally. Chrysler, Kia, Peugeot, Triumph and Scania are finalising their India blueprint. The reason is obvious. According to a report , India will beat China, North America and Europe to become the fastest growing automobile market.
- France's largest car maker PSA Peugeot Citroen is learnt to have held talks with some state governments for land to set up a manufacturing plant in India. The company plans an entry through a 100 per cent India subsidiary.
- US-based Chrysler, which suffered in the recent financial downturn and subsequently filed for bankruptcy protection, is keenly interested in getting its vehicles into India. About 20 per cent of Chrysler shares are owned by Italian auto giant Fiat, which has an industrial joint venture in India with Tata Motors.
- Kia Motor, the Korean affiliate company of Hyundai Motor Company, whose India subsidiary is the second-largest car maker domestically, has shown interest in launching its small car and SUV range in India.
- Sweden's heavy commercial vehicle maker Scania is also trying to make inroads into the country with its range of heavy-duty trucks and buses. The company is present in the long-haulage truck segment and in the intra-city and inter-city bus segment.
- Spyker of 'Basic Instinct 2' fame is all set to enter here by the next year. The Netherlands-based Spyker Cars has already shortlisted potential partners to import its vehicles and two dealerships are expected to come in the national capital and Mumbai. Spyker has shortlisted the potential partners and we will announce the new retail partner when the arrangements are finalised.UK-based luxury car maker Aston Martin was also understood to be gearing up to launch its cars in India and tied up with Infinity Cars to open the first showroom in Mumbai.
The cars are likely to cost up to Rs 3 crore (Rs 30 million).
Source : Rediff business
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