Our clients have high expectations for their vehicles, and equally high expectations about the dealership professionals who serve them. The corporate vice-president of Nissan for Africa, the Middle East and India, Toru Hasegawa, has suggested that it is very possible Nissan will use India as a production base for cars aimed at the African market; the auto firm’s plant in Chennai already churns out vehicles to be shipped to 10 countries across the world.
This four-year collapse of the auto market, and auto manufacturing in Russia along with it, shows just how tough the economy has become for Russian consumers, particularly since 2015, when the effects of the oil bust started spreading across the economy.
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Daimler AG holds a 20% stake in Eicher Motors , a 10.0% stake in KAMAZ , an 89.29% stake in Mitsubishi Fuso Truck and Bus Corporation , a 6.75% stake in Tata Motors and a 3.1% in the Renault-Nissan Alliance , a 12% stake in Beijing Automotive Group, and an 85% stake in Master Motors Daimler and BYD Auto have a joint venture called Denza , both companies hold a 50-50% stake.
Year 2017 looks promising with the entire industry optimistically looking forward for positive growth… The Union Budget will give boost to the economy, especially rural, with focus on infrastructure creating a robust business environment,” the sales and marketing head at its India unit, Rakesh Srivastava, said.