In the years to come, we will witness launch of some more brands in India.
The auto industry in India has grown multiple folds in the last decade with renowned foreign cos making investment in the country. Given that luxury market has metamorphosed and we have almost all known brands in India, the growth has been phenomenal amid such challenging conditions. Every year, carmakers are rolling out new models built from ground up and spinning off facelifts, new-generation models and special editions to benefit from the changing buying pattern observed among customers.
With new companies venturing into the Indian market year by year, India is counted among the fastest growing automotive markets globally. In the years to come, we will witness launch of some more brands in India and here is a compilation of upcoming new car brands in India you should be watching for.
The one brand that had its eyes set on India for long is Lexus. Rumours of Lexus debuting India had been humming for long, but these were eventually put to rest lately with an official confirmation from the carmaker. Toyota’s luxury arm, Lexus is expected to launch in India in the month of March this year.Initially, the company will bring three models namely – Lexus RX450h, Lexus ES300h and Lexus LX, bookings for which have already begun. It is to be noted that the deliveries will start only in March 2017 after the launch.
Before that, Lexus will look into opening a standalone dealership and it is expected that the first showroom will be set up in Mumbai at the Taj Santacruz Hotel. Throwing more light on the models, the line-up will comprise two SUVs and one sedan, with prices estimated to fall between Rs 80 lakh to Rs 2.20 crore.
Electric vehicle giant, Tesla will make its India debut next year. The company globally unveiled its upcoming electric vehicle, Model 3 on March 31, 2016 in Los Angeles. A production version was spotted testing a few days after the unveiling in Palo Alto, California. Having amassed a large number of bookings till date, Model 3 is a highly anticipated electric vehicle globally. Just so you know, it is claimed to be the most affordable vehicle from the electric carmaker.
With production expected to commence by 2017 end, it will reportedly launch globally in 2018 followed by the India launch shortly after that. Tesla will initially bring Model 3 through CBU route and hence will attract higher cess, therefore expect it to be priced higher than USD 35,000 (expected price in US market).
Hyundai seems to be keen on the rapidly expanding luxury segment in India and is thinking on the lines of bringing its newly formed luxury arm, Genesis to India. Previously a luxury model under Hyundai, the nameplate is now used for Hyundai’s luxury arm under which it contemplates launching more luxury vehicles ahead. Hyundai had showcased Genesis models at the 2014 Autocar Performance show followed by the Auto Expo held last year.
Hyundai plans on launching three models under its luxury arm including G80, G90 and G70. Besides, it could add two SUVs and one coupe to the line-up in the years to follow. Rumour has it that Genesis sedan was spotted in India lately around Hyundai’s manufacturing unit near Chennai and will eventually be launched in the years ahead.
Yet another South Korean brand likely to foray into the Indian market is Hyundai’s sister brand, Kia. Acting as a testimony to the possibility is the recent sightings of the two Kia models-Sportage SUV and Soul crossover around the country. It is to be noted that the spotted prototypes carried temporary West Bengal registration plate. Assuming that the two vehicles could come to India, here are the nitty-gritty details about the model. Starting with Kia-Sportage SUV, it is among the oldest cars from Kia and is currently in its fourth generation. It has a feature-packed cabin and has a sporty appearance.
The India-bound Sportage is expected to share design inputs with Tucson and will most likely get same set of engines. On the other hand, the Soul crossover will receive comprehensive aesthetic changes, if it at all it comes to India. Besides, it could get a raft of safety provisions and comfort goodies. As for the launch there isneither an official confirmation from Kia nor a tentative timeline for the launch. However, last year, the company had shared its intentions to open manufacturing facilities in overseas markets including India.
Peugeot’s plans to make a comeback in India are known for long, but the brand hasn’t been able to materialize it due to financial reasons. Confirming the plan, an official stated that the company could make a comeback in the coming two to three years. That said the company is on a lookout for a suitable partner for its India foray that could make a huge investment for setting up manufacturing units here. Besides, partnering with another manufacturer will give Peugeot an advantage of using the platform, adept for the Indian market. Just so you know Peugeot had just one model for retail back in the 1990s, dubbed 309. The failure of the model led to its exit from the Indian market and after 20 years, it is once again considering returning to India.
6. SAIC (Shanghai Automotive Industry Corporation)
Last on the list of car brands coming to India is GM’s Chinese jv partner, SAIC (Shanghai Automotive Industry Corporation). Rumours are rife that SAIC is negotiating a deal with GM India on getting hold of its Halol facility and if all goes well, both the brands will strike a deal soon. Currently, nothing much is revealed on SAIC’sIndia venture, but hopefully the brand will make it to India in the coming years.