Kia Motors to mark its debut in India market soon

Kia Motors, one of the largest car maker in the South Korean market is all set enter the Indian car market with establishing a new manufacturing facility here, reported a leading news daily today. The company will initially mark its debut in the segment of compact cars, hatchbacks and entry-level sedans in India, and will enter the SUV segment after a few months, the news report further elaborates.



Currently, the European market accounts for the most of the sales of Kia Motors. But as countries like India and China are emerging as one of the fastest growing auto-markets, the company is switching its focus towards these Asian markets. The prospective cars which are expected to hit the Indian roads include company's best-selling vehicles in its domestic market like Forte and Rio. With this, Kia's popular hatchback Picanto and Proceed are also expected to make a debut in the Indian market.

While the prospective sedans of the company are speculated to be pitched against popular cars of this segment like Honda City, the hatchbacks will possibly compete against Hyundai i10 and Maruti Swift. Moreover, company's compact SUV's, Soul and Sorento would compete against popular utility vehicles of this segment like Mahindra Scorpio and Tata Safari.

Source:- Kia Motors to mark its debut in India market soon - New Cars

Car Market witnessing a flurry of buyers

The Indian automotive market is blooming like never before. Major car makers across all segments are busy redesigning their existing range or are involved in launching brand new cars in the Indian market. The purchasing power of the Indian buyers also seems to be on an all time high as the rush and blitz at various company showrooms is maddening.



With the demand increasing at a lightening speed, the car manufacturers are finding it difficult to meet the demands but are happy with such a positive response from the buyers. Most of the car models, whether they are the existing rulers are new entrants, are witnessing long waiting periods that on an average is around 2 months.

Maruti Swift has been the pride of the company since the time it was launched. Both Maruti Swift and Maruti Swift Dzire have waiting periods of upto two months. Joining the league is the Van-based model Maruti Eeco. Ford Figo, Volkswagen Polo, Chevrolet Cruze and Chevrolet Beat are the latest entrants in the Indian market and have already become immensely popular amongst the buyers.



The buyers are seen lined up at the company showrooms carrying the booking amounts, to be amongst the early buyers and make efforts to shorten the waiting periods. These companies are forced to ramp up their production in order to meet the demands. Ford and Volkswagen have already started with the second round of manufacturing.

Ford India is also planning to recruit 700 new employees with a view to meet the demands and occupy the expanded manufacturing capacities. One model that needs a special mention in this regard is Toyota Fortuner, an SUV that has been immensely popular ever since it was launched. Toyota Motors had to indeed stop further bookings of the car as the demand was much more than the company had expected.

Source:- Car Market witnessing a flurry of buyers - New Cars

Indian car market to grow higher as consumer expends increases

The Car market in India is going through a robust growth phase with its domestic car market jumped by more than 25 percent last month. According to a Recovery from Recession" survey conducted by Datamonitor, the Indian consumers maintaining or increasing their level of expenditure while purchasing cars. The survey further reports that about 26 per cent of Indian consumers were ready to extend their budgets and maintain or increase their expenditure in the following three to six months for car purchases, in June 2009. The same figure was 26 percent in December 2009 and around 33 per cent in March this year.



The domestic car sales stood at 143,976 units in April 2010 as compare to 103,227 units sold in the same month of last year, accounted for a 39 per cent increase in sales. Almost all car makers in India have been registering a significant growth in the demand since the beginning of this year. The small car market claimed the majority of growth with accounting for more than 70 per cent of the total sales.

After organizing one of the biggest event in auto sector- the Delhi International Auto show, in January, the auto industry in India has witnessed a series of small car launches, which includes the Chevrolet Beat in January 2010, Ford Figo and Volkswagen Polo in March 2010 and New Maruti Wagon R in April this year. It seems that major car maker of the world are working hard to grab a significant market share in the small car segment in India, as more than half a dozen of new small cars are in their final stage of launch in India, in coming months, including Nissan Micra by next month, Toyota Etios in December this year, Honda's new small car by march next year and small cars from Fiat and Maruti by next year.

Source:- Indian car market to grow higher as consumer expends increases - New Cars