Latest updates from Auto Industry

Autonews: By Cartrials

Car sales in India down by 24 per cent in October

In October 2011, sales of passenger cars registered a negative growth at (-) 23.77 per cent, while utility vehicle sales grew at a marginal 0.41 per cent and sales of van declined by (-) 17.57 per cent. Overall passenger vehicle sales declined by (-) 20.25

per cent during the month.

The decline in sales, the sharpest in 10 years, was mainly on account of a huge drop in output at the country's largest car-maker Maruti Suzuki, following labour trouble, hikes in interest rates and fuel prices.

Lamborghini introduces Aventador LP 700-4 in India for 3.69 crore.

With a view to tap the fast-growing Indian market, Exclusive Motors Pvt Ltd unveiled the Lamborghini Aventador LP 700-4 at their showroom in New Delhi.

James Page, Automobili Lamborghini SpA marketing manager, South-East Asia and Pacific said the company had already received 20 bookings for the Aventador from India and it planned to double its sales next year. He added, globally, the company's bookings for the Aventador had crossed 1, 500 ever since it debuted at the Geneva Motor show in March this year.

Satya Bagla, managing director of Lamborghini's sole dealer in India, Exclusive Motors said, this year they expected to sell around 20 Lamborghinis in India and aimed to double the tally in 2012.

Peugeot Planning big for India - Lays foundation for Rs. 4,000 crore plant in Gujarat.

PSA Peugeot Citroen is investing Rs4,000 crore in a new plant in Sanand in Gujarat, which will be rolling out 170,000 vehicles from there by 2014. Sanand is about 40 km from Ahmedabad and is home for the famous 'Nano' from Tata Motors. Foundation stone laying ceremony was done within two months after Europe's second-largest carmaker signed an agreement with the Gujarat government for the plant.

Gregoire Oliver, CEO, Asian operations, Peugeot, told the media that the company's vision of becoming a global player would be incomplete without a presence in India.

Skoda Citigo not for India anytime soon.

Skoda confirms its stand on the 'Citigo' - Citigo not coming to India anytime soon. Won’t even be shown at Auto Expo says Skoda India boss.

This also means that Skoda isn’t getting into the B segment market anytime soon. Skoda does not have a car smaller than the Fabia in its international range to voyage into the land of the Maruti Wagon R and Chevrolet Beat. The starting point is going to be the Fabia for a good few years.