Car sales in India may be on a downslide at present but global marketing information services company JD Power believes that the total automobile market size will triple to 9.3 million units by 2020
India's goal of becoming the global small car hub could be hampered by labour issues, acute shortage of skilled workers and slow pace of expansion by auto component makers, according to market research firm JD Power.
Admitting that the joint venture between Tata Motors and Fiat has not been as active as planned, Tata Group Chief Ratan Tata has said the association needs to be critically examined to optimise its potential.
At a time when the Indian automobile industry is strongly opposing lowering of import duty in the proposed India-EU FTA, Tata group chief Ratan Tata has favoured cutting tariff on vehicles and components coming from overseas.