Th buzzing Indian Small car market will see new model entries in the upcoming years. General Motors has already introduced Chevrolet Beat in early 2010, Ford has introduced Figo and Volkswagen has launched Polo as their small cars. Hyundai Motor’s new i20 diesel and Nissan Micra are some of the new models expected in the current year. Early 2011 will be launch date of Honda’s new small car and Toyota’s Etios.
More new car models will be introduced in the developing markets, particularly India, apart from the latest developments in the international auto scenario. Volkswagen-Suzuki joint venture is already thinking about developing a small car for the Indian market where as Maruti Suzuki has already increased the capacity of its R&D center in India. MSIL is planning to launch a special “made-in-India” car by 2012.
Spanish giant Renault will launch its successful car model Clio or Twingo in India in next two years. The car which already extremely successful in Europe is built on Nissan’s B platform.
Daimler had earlier launched the Smart Car in the international market. Now Daimler and Renault-Nissan have formed an alliance internationally. Daimler is also planning to develop a cost competitive small car for the emerging markets. “This alliance could help in developing a cost-competitive product for emerging markets,” said a Daimler official working closely with the alliance.
Senior officials at Renault and Nissan said while the alliance may not have an immediate impact on India, it could leverage on R&D and source components from low-cost destinations.
In all, the small car market in India will reach the sky in forthcoming years.
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