Prius is the highest selling hybrid model of TMC with a cumulative global sale of over 1.4 million units since 2000.
Renault, which has a joint venture with M&M that sells entry level sedan Logan, has been a subject of speculation over its relationship with the Indian partner and declining sales of the car had put a question mark over the future of the JV -- Mahindra Renault Pvt Ltd, in which the French firm has 49 per cent stake.
Currently Hyundai sources only a negligible percentage of components from India for its global needs but wants to increase the level.
Korean auto major Hyundai Motor Company will bring the diesel variant of its premium hatchback 'i20' by the end of this year as part of its plan of introducing at least two new products in the Indian market annually for the next couple of years.
The company would consider to bring in some of these models to India in future, the homologation of which would be carried out in due course of time. The company on Monday unveiled the prototype of its racing car R15 in Ingolstadt.
Developers, big or small, faced huge liquidity crunch as both end-users and investors shied away from the market.
High interest rates and lack of retail finance, coupled with rising input costs, threw plans out of gear for automakers and in November the industry saw the worst ever monthly vehicle sales with a decline of 17.98 per cent.
High interest rates and lack of retail finance, coupled with rising input costs, threw plans out of gear for automakers and in November the industry saw the worst ever monthly vehicle sales with a decline of 17.98 per cent.
German auto major Volkswagen AG is embarking on an auto component sourcing drive from India, which will see the company ordering materials worth one billion euro for its global operations, within the next two years.
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