India is currently experiencing auto industry growth at a rate similar to that experienced by Brazil one decade ago, with numerous manufacturers establishing themselves singly or as part of joint ventures. While there are still significant challenges that may prevent India from experiencing the same sort of explosive growth seen in China, it has the potential for high rates of growth in the coming years.
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Nissan is confident its 'Wave One' markets for the Leaf will pave the way for Europe-wide acceptance of its new electric vehicle, with eventual local production targeted to reduce the initial outlay.
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Suzuki Motor said it increased both in sales and profit in the fiscal first half (1 April to 30 September) "despite continued severe market conditions" and has raised its full year forecasts.
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Skoda plans to double its new-car sales to "at least" 1.5 million in 2020, driven by growth in China, India and Russia, CEO Winfried Vahland said. "Skoda is ready for a new growth spurt," Vahland said.
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Russia gave France's Renault a green light to buy up to half of AvtoVAZ , a move Renault's boss called "logical" and that could eventually put the country's biggest carmaker under foreign control.
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Nissan's US unit has sold out of its first year allocation of Leaf EVs and no more are due until October 2011, the automaker said.
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Skoda adds 4x4 system with DSG gearbox to Octavia and Superb ranges just in time for winter.
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General Motors will have 4,500 dealers after, under pressure from Congress angry with job losses, reversing planned closures of over 800 franchises.
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French car sales plunged in October as France's reduced subsidy was not enough to prevent a drop versus the strong sales this time last year. Sales fell 18.7 percent in October to 171,449 units. Over the first 10 months passenger sales slipped 1.
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Toyota Motor said its Chinese sales fell 6% in October to 61,600 vehicles, the first year on year decline in 18 months.
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Seven cars up for the crown, including the Alfa Giulietta, Nissan’s electric Leaf and Volvo S60.
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The UK's Home Secretary Theresa May has announced a review all aspects of air freight security in the UK. The news follows Friday's discovery of a bomb on a US-bound UPS cargo plane at East Midlands airport and a similar bomb on a FedEx plane in Dubai.
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An advanced research project aimed at producing a highly efficient and powerful concept engine has received funding from the UK government.
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New-car registrations in the German car market, Europe's largest, continued to shrink in October, falling 20 percent after slipping almost 18 percent in September, according to the German motor transport authority (KBA).
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New-car sales in Spain fell 37.6 percent in October, it was the country's fourth straight double-digit monthly drop following the end of government subsidies, carmakers association ANFAC said on Tuesday.
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Manufacturing labour costs in India have risen nearly 20% this year and will eclipse those in China as Indian workers have seen their wages increase sharply over the last year on the back of high inflation and a recovery in domestic demand, according to a study by consultants IHS Global Insight.
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Daimler signed a 7 billion-euro ($9.8 billion) credit line to serve as a liquidity reserve.
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AvtoVAZ is recalling almost 12,000 vehicles to carry out a brake check.
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Ford India is the latest carmaker in the country to report booming sales in October with 9,026 vehicles leaving the showrooms, an increase of 161% over the same month last year.
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