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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.
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.
The first generation Wagon R was introduced in India on 18 December 1999. Based on the Wagon R kei car offered in Japan, the Wagon R was an answer to the then newly arrived Hyundai Santro. The Wagon R quickly gained popularity in the country as the car came with much interior space, including the ability to seat even taller passengers with ease.
Tata Motors Cars is a division of the India-based automaker Tata Motors which produces cars under the brand name Tata Motors. It is currently the 3rd largest car manufacturer in India in terms of sales after Maruti Suzuki , Hyundai and Mahindra in September 2024.
The price of a new Maruti Gypsy, if purchased in India, is US$11,250 (6,00,000 INR in 2012). As a 4x4 at this price point, its only Indian competitors are sold by Mahindra Thar and Force Gurkha . As of 2010, the Gypsy is only available against an order with an advance payment and a waiting period of over 3 months.
Although median income grew by 0.3% in May, the purchase price for new cars grew by 1% and interest rates also rose. The average monthly payment increased by 1.7%, outpacing income growth. The ...
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