Even as the non brand specific Auto sales Service network of Jagdish Khattar roped in $17.3 mln from Gaja Capital Partners in its second round of funding, 2012 started well for Indian Auto sales continuing into February from the bump in January 2012. th eventure was earlier funded by wipro's Premji in Premjiinvest and IFCI venture Capital. Generic After Sales and Body shops in India make a Industry worth $4 bln, $1.2 bln from body work.

However to first sales, Ford is cutting Fiesta prices to get competitive after it was rejected by buyers at its 823k price tag ex showroom ( registratioon and road taxes, extra) Honda in the mantime will be providing a catch up biffer to Auto sales from this month and next as it runs at full production to deliver the waiting lines for Brio and then City and the Jazz

Order backlogs despite City becoming outdated are 7000 for brio, 5000 for City and 4000 for Jazz which will be done by June. Brio will be completed out by March 2012 in its Greater Noida plant.

tomorrow data starts trickling in but we shall have the details before anyone else gets green with it.  

 

 

Posted via email from The India Investment Post