Land Rovers Rocks in China

Land Rover sales in China rose 63 % to 17,812, while Jaguar climbed 92 %in the first half of the financial year beginning April 1. Tata motor believes China to become the second-largest market for Land Rover, and the third-largest market for Jaguar in this year.

Luxury carmakers are exploring  China to boost their growth. German luxury-car manufacturers’ sales last year were propelled by demand in China, where they all posted sales gains of at least 30%, led by a 65% jump for Stuttgart-based Porsche. Audi Chief Executive Officer Rupert Stadler estimated last month that China’s car market will expand about 8% in 2012.

Renault Upbeat on Indian Market

Mumbai: Renault the French auto major, which is keenly looking to get into the compact car segment in india to increase its market exposure, has waved the speculation of Indian media who were expecting that company is going to enter the sub-1.5-litre segment.

Renault  has revealed that they have ambitious strategy to unveil its petrol variants of compact  when Government decides to levy higher excise duty on diesel cars in upcoming union budget.

Mr Len CurranRenault India Vice President Sales and Marketing, told that Indian people changing their car much faster and so here is the growing market for the higher engine capacity . 

He also indicated that going for a sub-1.5-litre car will need a far bigger dealership network across the nation which is nit with the company.

Renault has previously revealed that it will roll out five new cars in coming  one and half year, of which it has already launched two by now.

Mr Curran has reflected the company thinking that there is a chance that Indian Government is looking to increase a higher duty on diesel cars. “If they do so, we already have a plan in place. We will look at launching petrol variants of our compact cars,” he said.