January 07, 2010 12:23 India has emerged as a new stage for global carmakers to debut their products. The Auto Expo 2010 has drawn over 10,000 visitors involved in the auto industry since it opened in New Delhi on Tuesday. Toyota unveiled its new compact cars at the auto show, signaling its intention to grab a larger share of the Indian market, while Honda revealed its New Small Concept car. GM is displaying the Beat (GM Daewoo Matiz Creative), a compact that has been manufactured in India since the end of last year, in an effort to overtake market leaders Maruti Suzuki and Hyundai. India and China have replaced Tokyo and Detroit as the venues for the world’s largest motor shows, a motor journalist pointed out. The Tokyo Motor Show has been scaled down due to the absence of major foreign automakers and the Detroit Motor Show also has languished amid the troubles of the “Big Three” U.S. carmakers — General Motors, Ford, and Chrysler. According to data from the Indian auto industry, 1.4 million cars were sold in the South Asian country last year, surpassing the 1.1 million units sold in Korea. Experts predict the Indian market will expand… Read full this story
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