Diabytes
India auto industry News
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The country's largest carmaker Maruti Suzuki India has said policy stability and predictability are important to nurture industry ecosystem as business environment is becoming more and more uncertain.
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The Indian auto industry is yet again looking forward to a new year with renewed optimism amid challenges of new regulations after a bumpy ride in 2016.
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Auto industry saw some new launches including Hyundai Creta, Maruti Suzuki Baleno and Renault Kwid.
Up against road blocks in the traditional export markets, overseas shipments of passenger cars declined by 2.65 percent last year to 5,47,087 units.
Country's largest car maker Maruti Suzuki India (MSI) Tuesday said one of its best selling models Wagon R has crossed 15 lakh unit sales mark in domestic market.
Auto major Mahindra & Mahindra plans to launch three new vehicles, including two compact SUVs, next year as it looks to strengthen its position in the domestic market.
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