India: FICCI outlines plan for auto sector

FICCI has suggested measures to revive the Indian automobile sector and enhance its contribution to the national GDP. The prices of preowned cars have fallen by 30%-50% in markets like Bangalore as several professionals are forced to sell off their cars. Industry watchers believe that many SMEs may not be able to survive the global recession unless some proactive initiatives are put in place. This may lead to gaps in supply chain. .

- Chillibreeze Business Research Team

Trends
Pre-owned car prices down by whopping 30%
PSBs increase auto financing: Loan rates fall, sales rise
India, Germany to co-operate in auto sector
FICCI suggests steps to revive auto growth
Poor auto sales dent Oriental Ins premium growth

Cars
Jan car sales fall 3.2%
Skoda to unveil three Fabia variants
Reva to launch new electric car, set up plant
Big Auto's Jan sales in top gear despite discount withdrawal

Two Wheelers
Bajaj to roll out KTM bike by May
Yamaha plans to make India export hub; to increase dealership

Others
Govt should help auto part makers weather the storm
Eaton signs transmission supply pact with Tata Motors