Renault currently sells five models in India: premium sedan Fluence, the Koleos SUV, compact car Pulse and Scala sedan besides the Duster.

"We are confident that, under the Make in India programme, factors affecting competitiveness will be removed," Kenichi Ayukawa, MD, Maruti Suzuki India.

Czech carmaker Skoda today said it is holding back its future investments in the country citing 'uncertainties' relating to policy framework.

Gearing to meet an increasing competition in SUV segment, M&M launched the new Scorpio priced between Rs 7.98-11.46 lakh (ex-showroom Mumbai).

Skoda has phased out the Fabia hatchback earlier this year and said there are no immediate plans to replace it or introduce other small cars.

Companies have also tweaked their strategies to take advantage of the festival season. Skoda Auto has advanced the launch of its new Rapid sedan.

Japanese auto parts maker FCC Company has purchased its Indian partner Rico Auto's 50% stake in their equal joint venture.

Mahindra & Mahindra would continue to focus on utility vehicles segment with the launch of fresh products on new platforms, a top company official has said.

The company will also phase out Classic' entry sedan to make way for the new mid-size car that was showcased at the Delhi Motor Show in February this year.

Daimler's bus plant located in Oragadam, near Chennai is coming up at an investment of Rs 424 crore.

The Automotive Mission Plan for the next decade, beginning 2016, is being prepared and will be finalised by the middle of next year.

Honda sold 5,539 units of the multi-purpose seven-seat vehicle in August, according to data from the Society of Indian Automobile Manufacturers.

Toyota sells Lexus across all major markets, with US being the largest. It deferred the plan to bring Lexus here in 2012 because of high import duty and a sluggish local auto market.

Pareek comes with over two decades of experience with Maruti Suzuki where his last role was as COO, wherein he was heading Marketing & Sales vertical.

Not only that, the maker of the Alto and WagonR in July produced more vehicles than ever before in its history.

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