Tuesday, 4 February 2014

Auto Expo begins today, could be a strategy to revive sluggish car sales

With an estimated 70 new models and concept cars set to be unveiled – 15 of them for the first time globally – this year’s Auto Expo, which opens to public on February 7, couldn’t have come at a better time for the Indian auto industry. Once hailed as the fastest growing market in the world, car sales have hit a trough thanks to a sluggish overall economy and runaway fuel prices that have kept

consumers away. Passenger car sales dipped for the first time in well over a decade in 2012-13 and looks all set for a second successive annual decrease in this financial year.

The best way to bring the industry back on track is an avalanche of launches. From a no-frills Datsun Go to entry-level sedans such as Hyundai Grand, people movers Honda Mobilio and luxury marquees like Mercedes CLA and Audi A3 sedan, there’s something for everybody. Technological advancement is showcased in the Maruti Celerio, which promises to bring automatic transmission to a common man and the BMW i8, a hybrid sportscar with the fuel economy of a compact. Read more..


From HT News

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