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Auto Expo 2014: Live updates on latest launches
Feb 04, 2014 21:15 (IST)
Global carmakers see small sedans as next hot market in India
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 sales in India are headed for a second straight annual decline in the fiscal year that ends in March.

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