Small Cars Mean Big Investment

September 2006 | BMI View

India remains one of Asia's most dynamic regions for the automotive industry, registering growth of 16.49% in the first five months of the new financial year. Double-digit growth is expected to continue for the remainder of the year, with BMI forecasting growth of 12% for sales of four-wheel vehicles in its recently published "India Automotives Report". BMI highlights the importance of the small car segment in achieving this growth, following the introduction of tax breaks for vehicles with engines under 1.2-litres. Several major manufacturers are investing in small car manufacturing and export projects, as well as powertrain and component units

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