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President of BMW India Peter Kronschnabl poses with newly launched BMW X6 in Kolkata on Thursday, 09 July 2009.

President of BMW India Peter Kronschnabl addresses during the launch of new model BMW X6 in Kolkata on Thursday,09 July 2009.

President of BMW India Peter Kronschnabl poses with newly launched BMW X6 in Kolkata on Thursday, 09 July 2009.

President of BMW India Peter Kronschnabl during the launch of new model BMW X6 in Kolkata on Thursday,09 July 2009.

Chairman of Tata Group and Tata Motors Ratan Tata shakes hands with CEO of Jaguar Land Rover David Smith while Managing Director of Jaguar Mike O’Driscoll and Manging Director of Land Rover Phil Popham look on during a press conference to announce official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

Manging Director of Land Rover Phil Popham interacts with media during a press conference to announce official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

Managing Director of Jaguar Mike O’Driscoll interacts with media during a press conference to announce official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

Chairman of Tata Group and Tata Motors Ratan Tata and Manging Director of Land Rover Phil Popham pose for the photographers during a press conference to announce official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

Vice Chairman of Tata Motors Ravi Kant, Chairman Ratan Tata, CEO of Jaguar Land Rover David Smith and Manging Director of Land Rover Phil Popham pose for the photographers during a press conference to announce official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

Chairman of Tata Group and Tata Motors Ratan Tata and CEO of Jaguar Land Rover David Smith leave after the announcement of official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

Chairman of Tata Group and Tata Motors Ratan Tata interacts with media during a press conference to announce official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

CEO of Jaguar Land Rover David Smith, Chairman of Tata Group and Tata Motors Ratan Tata and Vice Chairman Ravi Kant during a press conference to announce official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

A model poses with newly launched Jaguar after the announcement of official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

Models pose with newly launched Land Rover after the announcement of official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

Chairman of Tata Group and Tata Motors Ratan Tata poses for the photographers during a press conference to announce official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

Managing Director of Jaguar Mike O’Driscoll, Chairman of Tata Group and Tata Motors Ratan Tata, CEO of Jaguar Land Rover David Smith, Manging Director of Land Rover Phil Popham and Vice Chairman Ravi Kant pose for the photographers during a press conference to announce official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

Chairman of Tata Group and Tata Motors Ratan Tata, Manging Director of Land Rover Phil Popham, CEO of Jaguar Land Rover David Smith and Vice Chairman Ravi Kant pose for the photographers during a press conference to announce official entry of Jaguar, Land Rover in India in Mumbai on Sunday, 28 June 2009.

Chief Executive Officer (CEO) of Fiat India Automobiles Ltd Rajeev Kapoor interacts with media during the launch of ‘Grande Punto’ in Mumbai on Monday, 22 June 2009.

Chief Executive Officer (CEO) of Fiat India Automobiles Ltd Rajeev Kapoor poses with newly launched car ‘Grande Punto’ in Mumbai on Monday, 22 June 2009.

Chief Executive Officer (CEO) of Fiat India Automobiles Ltd Rajeev Kapoor poses with newly launched car ‘Grande Punto’ in Mumbai on Monday, 22 June 2009.

Chief Executive Officer (CEO) of Fiat India Automobiles Ltd Rajeev Kapoor poses with newly launched car ‘Grande Punto’ in Mumbai on Monday, 22 June 2009.

Managing Director of Olympus Motors Pvt Ltd Rajiv M Sanghvi poses with newly launched Audi Q5 in Hyderabad on Saturday, 20 June 2009.

Fiat India Automobiles Ltd CEO Rajeev Kapoor and Fiat Group Chief Operating Officer (international operations) Silverio Bonfiglioli pose for the photographers after the launch of new car ‘Grande Punto’ in New Delhi on Wednesday, 17 June 2009.

Fiat Group Chief Operating Officer (international operations) Silverio Bonfiglioli and Fiat India Automobiles Ltd CEO Rajeev Kapoor pose for the photographers during the launch of new car ‘Grande Punto’ in New Delhi on Wednesday, 17 June 2009.

Fiat Group Chief Operating Officer (international operations) Silverio Bonfiglioli poses for the photographers during the launch of new car ‘Grande Punto’ in New Delhi on Wednesday, 17 June 2009.

Fiat launches new car ‘Grande Punto’ in New Delhi on Wednesday, 17 June 2009.

Representative of automobile development- Honda Motor Kotaro Shige, President and CEO of Honda Siel Cars India Ltd Masahiro Takedagawa, Chairman of Honda Motor Co. Ltd. Sidharta Shriram and Managing Director Fumihiko Ike pose for the photographers during the launch of Honda Jazz car in New Delhi on Wednesday,10 June 2009. The newly launched Honda Jazz is priced between 14,780 dollars (698,733 INR) and 15,491 dollars (733,000 INR).

Singer Raghav Sachar performs during the launch of Honda Jazz car in New Delhi on Wednesday,10 June 2009. The newly launched Honda Jazz is priced between 14,780 dollars (698,733 INR) and 15,491 dollars (733,000 INR).

Newly launched Honda Jazz car displays in New Delhi on Wednesday,10 June 2009. The newly launched Honda Jazz is priced between 14,780 dollars (698,733 INR) and 15,491 dollars (733,000 INR).

Fashion Designer Manish Arora with models poses for the photographers after presenting his collection during the launch of Audi Q5 in India, Mumbai on Thursday, 04 June 2009.

Sitar player Niladri Kumar performs during the launch of Audi Q5 in India, Mumbai on Thursday, 04 June 2009.

Sitar player Niladri Kumar poses for the photographers during the launch of Audi Q5 in India, Mumbai on Thursday, 04 June 2009.

Bollywood Actor Rahul Khanna during the launch of Audi Q5 in India, Mumbai on Thursday, 04 June 2009.

Managing Director of Audi India Benoit Tiers poses for the photographers during the launch of Audi Q5 in India, Mumbai on Thursday, 04 June 2009.

Managing Director of Audi India Benoit Tiers interacts with media during the launch of Audi Q5 in India, Mumbai on Thursday, 04 June 2009.

Sitar player Niladri Kumar performs during the launch of Audi Q5 in India, Mumbai on Thursday, 04 June 2009.

Managing Director of Audi India Benoit Tiers interacts with media during the launch of Audi Q5 in India, Mumbai on Thursday, 04 June 2009.

Fashion Designer Manish Arora presents his collection during the launch of Audi Q5 in India, Mumbai on Thursday, 04 June 2009.

Fashion Designer Manish Arora, Sitar player Niladri Kumar, Bollywood Actor Rahul Khanna and Managing Director of Audi India Benoit Tiers pose for the photographers during the launch of Audi Q5 in India, Mumbai on Thursday, 04 June 2009.