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According to The Economic Times, 60% of Indian customers expect fuel prices to go up in the next 12 months and 58% expect to buy a new car in the same time frame. Most consumers are looking to buy a car which gives good mileage. According to the same source, 68% of Asian drivers expect higher mileage from their cars due to the higher fuel prices.
Prior to launching the India-spec C5 Aircross SUV, Citroën India's research revealed that comfort is critical criteria for new car buyers in India. [5] Production of the C5 Aircross had started in January 2021 [6] at the Tiruvallur plant in Tamil Nadu. Groupe PSA has made an investment of around Rs.2500 crore to enter the Indian market. [7]
Cleaner cars were also introduced, with several new models meeting the new Bharat Stage III emission standards. [26] In February 2012, Maruti Suzuki sold its ten millionth vehicle in India. [24] In July 2014 it had a market share of more than 45%. [27] In May 2015, the company produced its fifteen millionth vehicle in India, a Swift Dzire. [28]
The company operates 202 branches across 73 cities in India as of 2019. [10] Apart from its own branches, the company has a tie-up with more than 10,000 channel partners across 230 cities in India. [8] The company touched 150,000 annual car sales in 2019. [5] Old logo of CARS24. In May 2020, the company launched CARS24 Moto. [11]
1948 Hindustan 10. Hindustan Motors Limited (HML) was India's pioneering automobile manufacturing company. It was established just before the Indian Independence Act 1947, in 1942 by B. M. Birla of the industrialist Birla family in collaboration with Lord Nuffield of Morris Motors, who were already selling their cars in India.
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