News Archive
British Cars Boost Indian Motor Market
February 28, 2012
A recent report by the Telegraph has indicated that the number of car insurance holders in India has gone up by 2.5 million in 2011. Experts expect this figure to increase further by an annual increase of 3 million by 2015.
Jaguar Land Rover, which is now part of India's Tata Motors group, posted record pre-tax profits of £559 million in the third quarter of 2011 - thanks partially to the growth in Indian sales.
As a result Mini are also making plans to enter the Indian car market as well. The head of Mini's Indian operations, Benjamin Negal believes that more British motor brands could be a big hit, commenting:
"Many people in India have heard of the Mini but they have not been able to buy one before. They know it comes from Britain and see that as a good thing."
He added that British cars appeal to motorists who are looking for a premium experience, however, he cautioned that there is "still some educating to do in terms of what Mini is all about."
It's believed that with the growth of the Indian economy and the growth of the motor trade there will be an increasing number of consumers looking for car insurance.
Source: http://www.telegraph.co.uk/motoring/news/9089480/What-the-Indian-car-market-means-to-Britain.html