Unsatisfied with its current performance in India, Toyota Motor Corp announced today that it wouldn’t be able to reach its desired presence in the country without offering a compact car. Toyota has only obtained five percent of the Indian passenger car market since coming to India in 1999 and has some moves to make before [...]

It may seem hard to believe, but as India and China’s economies evolve and the world begins to depend more heavily on their products, we could see a shift of power to the East according to a special in Business Week. In India, Bangalore is shaping up to become the new Silicon Valley, with companies [...]

BMW AG has announced that it will invest 1 billion rupees to build a factory in India in order to tap into the growing automobile market in Asia’s fourth-largest economy. The factory will be set up at Chengelpet in southern Tamil Nadu, where vehicles will be assembled using kits imported from overseas. BMW hopes that [...]

Despite entering India almost 10 years ago, McDonald’s has never had a location in Kolkata - but that’s all to change in 2007. McDonald’s India Managing Director and Joint Venture Partner for North India Vikram Bakshi says that by “2006-07 we will be in a position to expand eastwards and our first outlet will be [...]

After the success of the Swift, Suzuki has announced that it will release a cheap mini-SUV to be made in India, China, Japan, and Hungary, priced as low as $15,000. The company has said the new mini-SUV will cost Rs 2,012 crore to develop, and have a two-liter engine, with a worldwide sales target of [...]

India is in talks with Iran and Pakistan to join their consortium to build a $7.4 billion pipeline throughout the three countries, construction of which is expected to start in 2007. A top official remarked that India needs to be directly involved with the pipeline in order to control the price of gas and ensure [...]

Facing severe criticism over delays in restoring power after last week’s floods, Reliance Energy Ltd chairman Anial Ambani said “Arrest me, I am available here,” in response to reports that the government may arrest some REL officials for negligence. In his defense, Ambani apologized for the inconvenience, explained that the disaster was unexpected and the [...]

Pleased with its performance in the Indian market, Sun Microsystems has identified India as one of the four countries slated for “major investments,” joining Beijing, St. Petersburg, and Prague. Sun has invested $150 million in India since 1998, and says that further expansion would “only accelerate” revenues for the U.S.-based company. Sun enjoyed a 28 [...]

Studios, film shoots, and equipment were among the casualties of last week’s heavy rains in Mumbai, with analysts estimating around Rs 500 million in damages to the Bollywood film industry. 12 movie shoots were cancelled, theaters around the city were empty, and studios were shut down as the rains paralyzed Mumbai, with many citizens concentrating [...]

Big U.S. retailers like Wal-Mart and Gap are bracing for rising costs when China revalues its currency by increasing imports from India. Wal-Mart, which runs an 86-employee purchasing office in Bangalore, is bumping purchases from India up by 30% this year. Retailers are switching focus to India because the revaluation of the Chinese yuan could [...]