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Auto giants headed to India

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ON A FAST TRACK
India’s 2010-11 growth projection over 2009-10 (in %) Passenger cars 12-13 Utility vehicles 13-14 Commercial vehicles (goods) 19-20 Commercial vehicles (buses) 4-5 Two-wheelers 9-10 Three-wheelers (goods) 5-6 Three-wheelers (passenger) 8-9 Companies gearing up to enter:
Chrysler (US), Kia (Korea), Peugeot (France),
Triumph (UK), Scania (Sweden)
Source: SIAM

 

Sweden’s heavy commercial vehicle maker Scania is also trying to make inroads into the country with its range of heavy-duty trucks and buses.

The company is present in the long-haulage truck segment and in the intra-city and inter-city bus segment.

The company is not keen on venturing on its own in the highly competitive market and is, therefore, looking to partner with one of the local companies for a foray.

Even though the company did not share possible price tags of the models, the marques with hand-crafted body panels will go up to several crores. For instance, the C8 Spyder Aileron is tagged at 2,20,000 pounds (about Rs 1.6 crore) in London.

Globally, Spyker sells models like iconic C8 series, one of which was driven by Sharon Stone in the ‘Basic Instinct 2’. Other models include LM85, C12 Zagato and D8 Peking-to-Paris.

Spyker Cars, however, are not new to India. In 2007, UB Group promoter Vijay Mallya and Dutch entrepreneurs Jan & Michiel Mol had jointly acquired the Spyker Formula One team, which was later renamed as Force India.

UK-based luxury car maker Aston Martin was also understood to be gearing up to launch its cars in India and tied up with Infinity Cars to open the first showroom in Mumbai. The cars are likely to cost up to Rs 3 crore.