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Global carmakers see small sedans as next hot market in India

Kumar Galhotra of Ford Motor stands next to a Ford Figo global compact concept car at a press preview in New Delhi
Kumar Galhotra of Ford Motor stands next to a Ford Figo global compact concept car at a press preview in New Delhi
Carmakers including Ford Motor and Hyundai Motor Co will showcase compact sedans at India's largest auto show this week, targeting what they think could be the next hot market in a country long dominated by ultra-cheap hatchbacks. Global carmakers are still banking on emerging economies including India, the world's sixth biggest auto market by volume, to drive long-term growth despite a recent slowing in demand. Industry-wide sa...
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