x Abu Dhabi, UAE Friday 21 July 2017

Car makers race to the pot-holed pot of gold

A look at how global car companies are targeting India.

Maruti Suzuki has announced investment of more than 36.25 billion rupees (Dh3bn) to set up two plants with annual capacities of 250,000 units each in Manesar, an industrial town near New Delhi. The car maker has also launched its new luxury sedan Suzuki Kizashi in India, to be imported from the parent company's facility in Japan.

Ÿ Japan's Toyota plans to invest US$107 million (Dh392.9m) to make engines and gearboxes for the company's new small car Etios that was introduced in December.

Ÿ The Hinduja Group flagship Ashok Leyland and the Japanese car maker Nissan are said to be in talks to create a small car for the Indian market in the $2,000 to $6,000 price range.

Ÿ The luxury car maker BMW plans to infuse $15.76m into its Indian operations this year. It invested $24.7m last year.

Ÿ Mercedes-Benz India, another luxury car maker, will set up a new manufacturing facility in Chakan, in western India. The new plant will become operational by the middle of this year and will have a capacity of 700 cars a year.

* India Brand Equity Foundation