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Debashis Mitra, Director Sales & Marketing, Mercedes-Benz India poses for the photographers during the unveiling of Mercedes Benz B- Class in Mumbai on Tuesday, 18 September 2012.

The New Mercedes Benz B- Class displayed during its launch in Mumbai on Tuesday, 18 September 2012.

Debashis Mitra, Director Sales & Marketing, Mercedes-Benz India poses for the photographers during the unveiling of Mercedes Benz B- Class in Mumbai on Tuesday, 18 September 2012.

Debashis Mitra, Director Sales & Marketing, Mercedes-Benz India addressing during the unveiling of Mercedes Benz B- Class in Mumbai on Tuesday, 18 September 2012.

Performer dressed as robot performs during the launch of new Renault Scala car in New Delhi on Friday, 07 September 2012. The car will sell in the Indian retail market from 600,000 to 800,000 rupees (USD 10,830 to 14,400).

Debashis Mitra, Director Sales & Marketing, Mercedes-Benz India addressing during the unveiling of Mercedes –Benz new C-Class AMG Performance Edition in Mumbai on Thursday, 14 June 2012.

Debashis Mitra, Director Sales & Marketing, Mercedes-Benz India poses for the photographers during the unveiling of Mercedes –Benz new C-Class AMG Performance Edition in Mumbai on Thursday, 14 June 2012.

The New Hyundai car Fluidic Elantra displayed during its launch in Ahmedabad on Tuesday, 21 August 2012.

The New Hyundai car Fluidic Elantra displayed during its launch in Ahmedabad on Tuesday, 21 August 2012.

The New Hyundai car Fluidic Elantra displayed during its launch in Ahmedabad on Tuesday, 21 August 2012.

The New Hyundai Elantra on ramp during its launch in New Delhi on Monday, 13 August 2012. The neo Fludic Elantra boasts of futuristic design, luxurious interiors, advanced High-end features and cutting-edge technology.

Debashis Mitra, Director Sales & Marketing, Mercedes-Benz India poses for the photographers during the unveiling of Mercedes –Benz new C-Class AMG Performance Edition in Mumbai on Thursday, 14 June 2012.

Debashis Mitra, Director Sales & Marketing, Mercedes-Benz India addressing during the unveiling of Mercedes –Benz new C-Class AMG Performance Edition in Mumbai on Thursday, 14 June 2012.

Debashis Mitra, Director Sales & Marketing, Mercedes-Benz India addressing during the unveiling of Mercedes –Benz new C-Class AMG Performance Edition in Mumbai on Thursday, 14 June 2012.

Debashis Mitra, Director Sales & Marketing, Mercedes-Benz India gestures during the unveiling of Mercedes –Benz new C-Class AMG Performance Edition in Mumbai on Thursday, 14 June 2012.

Debashis Mitra, Director Sales & Marketing, Mercedes-Benz India poses for the photographers during the unveiling of Mercedes –Benz new C-Class AMG Performance Edition in Mumbai on Thursday, 14 June 2012.

Peter Honegg, MD & CEO, Mercedes-Benz-India poses for the photographers during the unveiling of Mercedes-Benz M-Class SUV car in New Delhi on Tuesday, 15 May 2012.

Peter Honegg, MD & CEO, Mercedes-Benz-India poses for the photographers during the unveiling of Mercedes-Benz M-Class SUV car in New Delhi on Tuesday, 15 May 2012.

Peter Honegg, MD & CEO, Mercedes-Benz-India poses for the photographers during the unveiling of Mercedes-Benz M-Class SUV car in New Delhi on Tuesday, 15 May 2012.

Peter Honegg, MD & CEO, Mercedes-Benz-India poses for the photographers during the unveiling of Mercedes-Benz M-Class SUV car in New Delhi on Tuesday, 15 May 2012.

Mayank Prateek, Managing Executive officer, Maruthi Suzuki poses during the launch of new Maruthi Suzuki Ertiga at Hotel Lalith Ashok, in Bangalore on Friday, 13th April 2012.

Mayank Prateek, Managing Executive officer, Maruthi Suzuki & Vivekanand, Regional Manager, Maruti Suzuki s, Karnataka poses during the launch of new Maruthi Suzuki Ertiga at Hotel Lalith Ashok, in Bangalore on Friday, 13th April 2012.

Mayank Prateek, Managing Executive officer, Maruthi Suzuki poses during the launch of new Maruthi Suzuki Ertiga at Hotel Lalith Ashok, in Bangalore on Friday, 13th April 2012.

Mayank Prateek, Managing Executive officer, Maruthi Suzuki addressing during the launch of new Maruthi Suzuki Ertiga at Hotel Lalith Ashok, in Bangalore on Friday, 13th April 2012.

M M Singh , Managing Executive Officer, Maruti Suzuki India Ltd addressing during the launch of new Maruthi Suzuki Ertiga at Kolkata on Friday, 13 April 2012.

J S Dhindesa , Regional Head East, Maruti Suzuki & M M Singh, Managing Executive Officer,Maruti Suzuki India ltd poses during the launch of new Maruthi Suzuki Ertiga at Kolkata on Friday, 13 April 2012.

M M Singh, Managing Executive Officer,Maruti Suzuki India ltd & J S Dhindesa , Regional Head East, Maruti Suzuki poses during the launch of new Maruthi Suzuki Ertiga at Kolkata on Friday, 13 April 2012.

Maruti Suzuki, newly unveiled Maruti Ertiga car in New Delhi on April 12, 2012. Maruti Suzuki unveiled the Ertiga, its first utility vehicle, powered with a 1373cc VVT Petrol and 1248cc DDiS VGT Diesel engines priced from 589,000 rupees to 845,000.

S. Nakanishi, Managing Director and CEO of Maruti Suzuki, poses with the newly unveiled Maruti Ertiga car in New Delhi on Thursday, April 12, 2012. Maruti Suzuki unveiled the Ertiga, its first utility vehicle, powered with a 1373cc VVT Petrol and 1248cc DDiS VGT Diesel engines priced from 589,000 rupees to 845,000.

Peter Honegg, MD & CEO, Mercedes-Benz-India poses for the photographers during the launch of Mercedes Benz SLK- Class in Bangalore on Wednesday, 11 April 2012.

Peter Honegg, MD & CEO, Mercedes-Benz-India poses for the photographers during the launch of Mercedes Benz SLK- Class in Bangalore on Wednesday, 11 April 2012.

Peter Honegg, MD & CEO, Mercedes-Benz-India poses for the photographers during the launch of Mercedes Benz SLK- Class in Bangalore on Wednesday, 11 April 2012.

Senior Vice President of Sales & Customer Care, Automotive Division, Mahindra & Mahindra, Arun Malhotra during the Mahindra Unveils New Stylish ‘Xylo’ in Mumbai on Wednesday, 08 February 2012.Key highlights of Xylo stylish looks, Premium interiors, Advanced technology & features, Luxurious space & comfort.

Senior Vice President of Sales & Customer Care, Automotive Division, Mahindra & Mahindra, Arun Malhotra during the Mahindra Unveils New Stylish ‘Xylo’ in Mumbai on Wednesday, 08 February 2012.Key highlights of Xylo stylish looks, Premium interiors, Advanced technology & features, Luxurious space & comfort. Its price starts at Rs. 7.37 lacs (D2 BS4 Ex Delhi)

Pravin Shah, Chief Executive, Automobile Division, Mahindra and Mahindra Ltd. and B Bhaumik, Senior Vice President, Head product Development,Mahindra and Mahindra Ltd. addresses during the Mahindra Unveils New Stylish ‘Xylo’ in Mumbai on Wednesday, 08 February 2012.

Vivek Nayer, Senior Vice President Marketing,Mahindra and Mahindra Ltd., Pravin Shah, Chief Executive, Automobile Division, Mahindra and Mahindra Ltd. and B Bhaumik, Senior Vice President, Head product Development,Mahindra and Mahindra Ltd. addresses during the Mahindra Unveils New Stylish ‘Xylo’ in Mumbai on Wednesday, 08 February 2012.

Pravin Shah, Chief Executive, Automobile Division, MAhindra and Mahindra Ltd. during the Mahindra Unveils New Stylish ‘Xylo’ in Mumbai on Wednesday, 08 February 2012.

B Bhaumik, Senior Vice President, Head product Development, Mahindra and Mahindra Ltd., Pravin Shah, Chief Executive, Automobile Division, Mahindra and Mahindra Ltd. and Vivek Nayer, Senior Vice President Marketing,Mahindra and Mahindra Ltd. during the Mahindra Unveils New Stylish ‘Xylo’ in Mumbai on Wednesday, 08 February 2012.

B Bhaumik, Senior Vice President, Head product Development, Mahindra and Mahindra Ltd., Pravin Shah, Chief Executive, Automobile Division, Mahindra and Mahindra Ltd. and Vivek Nayer, Senior Vice President Marketing,Mahindra and Mahindra Ltd. during the Mahindra Unveils New Stylish ‘Xylo’ in Mumbai on Wednesday, 08 February 2012.

Vivek Nayer, Senior Vice President Marketing,Mahindra and Mahindra Ltd., B Bhaumik, Senior Vice President, Head product Development,Mahindra and Mahindra Ltd. and Pravin Shah, Chief Executive, Automobile Division, Mahindra and Mahindra Ltd. during the Mahindra Unveils New Stylish ‘Xylo’ in Mumbai on Wednesday, 08 February 2012.