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Egypt crisis worries the Indian car market.
Egypt political crisis has raised worries for the Indian auto mobile firms. Egypt also caters to be the largest auto market in West Asia for the Indian auto mobile manufacturers. The major auto makers such as Maruti, Hyundai Motors and for other auto biggies, Egypt auto market has been deserted. For Maruti, Egypt exports accounts to be 3 per cent of its total international sales which would be adversely affected due to political tension. Maruti rolls out its winning cars such as Maruti Alto and Maruti 800 in Egypt.
Posted On | February 15, 2011 | 1329 Views
Mercedes Benz A Class to launch in small car segment
Mercedes Benz India is planning to enter into small car segment exclusively for the Indian markets. Wilfried Aulbur, CEO and Managing Director of Mercedes Benz, agreed that Indian market is maturing and hence the company need stronger strategies to trap the market in more efficient way. Small car Mercedes Benz A-Class would solve the purpose for Mercedes Benz India.
Posted On | October 05, 2010 | 1329 Views
Mercedes India sales to compete with UK
The second- largest luxury-car maker of the world, Mercedes India expects its sales to compete with the UK within the time of a decade because of the increasing wealth stokes demand. Wilfried Aulbur, head of the company's local unit commented that India is growing in a very strong manner. He said that the country should be up there with the UK or with other large European markets in 8 to 10 years.
Posted On | October 01, 2010 | 621 Views