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Lexus, Kia, Daihatsu, SAIC among the seven automakers coming to India.
The dawn of the 21st century marked the beginning of revealing changes in the Indian automotive industry has opened a massive scale, which led to the arrival of many global brands, including the people of BMW Audi Harley-Davidson Jaguar Land Rover and Triumph Motorcycles in India as a result, the Indian automobile industry has experienced a concomitant growth and is now one of the largest automotive production centers in the world.
The upbeat Indian market continues to attract many automakers around seven automakers are preparing to start its Indian Innings soon, reports Auto AND We've compiled a list of newcomers.
Japanese luxury brand automaker Toyota Lexus will be the first to enter the Indian market The official brand launch is expected in March this year, the company will launch RX450h SUV, ES300h sedan and SUV series LX reports indicate bookings vehicles have already begun at Toyota dealers Lexus vehicles will be sold as completely built units in India as CBU first on the market response, Toyota will take a decision on the local assembly.
Kia Motors is a South Korean carmaker partly owned by Hyundai Kia Motor Company is expected to announce its entry into the Indian market by mid-2017, however, the first Kia offers in India may take at least two years, the company is close to finalizing a location for its plant in Andhra Pradesh Kia, known for its small cars and sport utility vehicles, will the likes of Maruti Suzuki India.
The wholly owned subsidiary of Toyota Motor Corporation, Daihatsu is a small car specialist Japanese auto giant by reports, Daihatsu will primarily target segments A and B, which falls within the price range of Rs 10 lakh Daihatsu may pose a serious threat to Hyundai and Maruti Suzuki India Daihatsu Ayla with Sirion, Cuore, Materia and Terios hatchback in its portfolio, can be launched as a separate brand or with the Toyota badge.
French automaker Peugeot, now PSA Peugeot Citroen PSA, is ready to return to India via a partnership 2018 The entrance of the PSA Group India was confirmed as part of the push to Pass plan, company's growth strategy plan 2016-2021 the French automaker was one of the first birds to India after the economy opened to foreign investment in the early 1990s, the company released the India in 1997 after the partnership issues with Premier automobiles reports suggest the French outfit is in talks with Tata Motors for its return the Indian head can produce and distribute Peugeot cars in its Sanand facility in Gujarat if the deal goes through.
Apart from these companies, three Chinese companies are also edging toward the entrance Beiqi Foton India, which has already acquired land at Chakan, Pune is expected to launch passenger vehicles under the brand Borgward The company is in talks with suppliers to the location of his van and SUV clutch in India from 2019 to 2020.
Changan Automobile is another Chinese brand to India with plans to set up a manufacturing plant in Sri City in Andhra Pradesh The automaker based in Chongqing is shooting for the B SUV space segment in 2019-2020 India and compete with Hyundai and Maruti Suzuki Creta brezza.
General Motors China partner, Shanghai Automotive Industry Corporation, or SAIC plans to enter India by acquiring the GM Halol plant in Gujarat SAIC is considering entering India through contract manufacturing for GM India models which are already in Halol General Motors India has said it would stop the Halol operations to focus on the Talegaon plant in Maharashtra therefore it will be easier for SAIC to acquire the manufacturing base.
Kia Lexus Daihatsu SAIC among the seven automakers coming to India, Lexus, Daihatsu, saic, decision makers.