autonews

The first to hit the market this year is M&M’s Xylo, touted as India’s answer to Toyota Innova.

Passenger car sales continued to decline for the fourth straight month in December and fell 7% to 82,105 cars from 88,272 cars in the same month last year despite the government’s decision to reduce excise duty on cars.

M&M to exit commercial vehicle maker Swaraj Mazda by selling its 14.04% stake to Sumitomo of Japan.