The Indian car market
India is growing stronger by the day and was, at least for a while last year, the fastest growing global economy.
It will soon start competing with China for valuable resources, putting further strains on the global environment.
Anyways, global car giants are, most of the time, quick to see and realise business opportunities and in the space of just a couple of hours, Renault and Toyota released some news with regard to India - both belonging to the most efficient car companies in the world.
"Toyota Motor Corp., Asia's biggest automaker, said it would sell the Innova multipurpose vehicle in India as a replacement for the Qualis and compete with General Motors Corp.'s Tavera and Mahindra & Mahindra Ltd.'s Scorpio."
On the other hand, "Mahindra & Mahindra today announced a Rs 700 crore joint venture with French auto major Renault to manufacture and market Logan, a low-cost car in India from 2007."
(By Asia Business Consulting)
It will soon start competing with China for valuable resources, putting further strains on the global environment.
Anyways, global car giants are, most of the time, quick to see and realise business opportunities and in the space of just a couple of hours, Renault and Toyota released some news with regard to India - both belonging to the most efficient car companies in the world.
"Toyota Motor Corp., Asia's biggest automaker, said it would sell the Innova multipurpose vehicle in India as a replacement for the Qualis and compete with General Motors Corp.'s Tavera and Mahindra & Mahindra Ltd.'s Scorpio."
On the other hand, "Mahindra & Mahindra today announced a Rs 700 crore joint venture with French auto major Renault to manufacture and market Logan, a low-cost car in India from 2007."
(By Asia Business Consulting)
posted by Andreas @ 8:40 pm
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