MLR Motors to enter Indian auto market with 2 diesel cars
Announcements, Automobiles, Brand Establishment February 19th, 2007
 (No Ratings Yet) Loading ... |
MLR Motors to enter Indian auto market with 2 diesel cars
Indian auto market is to get another local player in the form of MLR Motors, promoted by Hyderabad-based Lokesh Machines.
The company is planning to enter the market with two compact diesel cars of 850-900 cc and 1,500 cc in two years.
They are going to start working on these plans starting April this year.
The company is working in partnership with Hyundai Motor India’s former president B V R Subbu. They are setting up an Rs 2,500 crore automobile manufacturing unit near Hyderabad.
LML Managing Director M Lokeswara Rao said in a statement on their plans: “I have already bought the car design.”
The company already is a player in the three-wheeler vehicles market. While the parent company LML manufactures machine tools and automotive components.
Popularity: 7% [?]
Related Posts
Tata Motors likely to win bid for Jaguar and Land Rover
Tata Motors might acquire Daewoo Motors’ car-making venture in Romania
Maruti Suzuki, Hyundai Motors and General Motors set to hike prices of their models
Tata Motors has plans to setup another unit in next 2 years
General Motors considering selling Isuzu Motors shares
About
MLR motors would have its work cut out when it enters the maturing Indian market. It will face stiff competition from domestic players mainly Tata which operates at low price points in the diesel segment.