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Executives of Volkswagen Company launch their new car Taigun during the 12th Auto Expo 2014 at India Expo Mart in Greater Noida on Wednesday, 05 February 2014.

Executives of Volkswagen Company launch their new car Taigun during the 12th Auto Expo 2014 at India Expo Mart in Greater Noida on Wednesday, 05 February 2014.

Executives of Toyota car Company launch their new car ‘Altis’ during the 12th Auto Expo 2014 at India Expo Mart in Greater Noida on Wednesday, 05 February 2014.

Executives of Honda Company launches their new car Mobilio during the 12th Auto Expo 2014 at India Expo Mart in Greater Noida on Wednesday, 05 February 2014.

Executives of Honda Company launches their new car Mobilio during the 12th Auto Expo 2014 at India Expo Mart in Greater Noida on Wednesday, 05 February 2014.

Takashi Kikuchi, President & MD, Isuzu Motors India Pvt. Ltd & Shigeu Wakabayashi, Deputy MD, Isuzu Motors India Pvt. Ltd at the launch of ISUZU MU-7 new car in Bangalore on Friday, 31 January 2014.

Takashi Kikuchi, President & MD, Isuzu Motors India Pvt. Ltd & Shigeu Wakabayashi, Deputy MD, Isuzu Motors India Pvt. Ltd at the launch of ISUZU MU-7 new car in Bangalore on Friday, 31 January 2014.

Takashi Kikuchi, President & MD, Isuzu Motors India Pvt. Ltd & Shigeu Wakabayashi, Deputy MD, Isuzu Motors India Pvt. Ltd at the launch of ISUZU MU-7 new car in Bangalore on Friday, 31 January 2014.

Takashi Kikuchi, President & MD, Isuzu Motors India Pvt. Ltd & Shigeu Wakabayashi, Deputy MD, Isuzu Motors India Pvt. Ltd at the launch of ISUZU MU-7 new car in Bangalore on Friday, 31 January 2014.

Eberhard Kern, MD & CEO, Mercedes Benz & Tennis Legend Boris Becker poses during with Mercedes Benz GL Class during the its launch in Bangalore on Friday, 17 May 2013

Eberhard Kern, MD & CEO, Mercedes Benz & Tennis Legend Boris Becker poses during with Mercedes Benz GL Class during the its launch in Bangalore on Friday, 17 May 2013

Eberhard Kern, MD & CEO, Mercedes Benz & Tennis Legend Boris Becker arrives at the launch of Mercedes Benz GL Class in Bangalore on Friday, 17 May 2013.

Chevrolet Sail U-VA car being display during its launch in Mumbai on Friday, 02 November 2012.

Tata Manza Club Class display during its launch in Mumbai on Tuesday, 16 October 2012.

Tata Manza Club Class display during its launch in Mumbai on Tuesday, 16 October 2012.

Tata Manza Club Class display during its launch in Mumbai on Tuesday, 16 October 2012.

Maruti Suzuki’s new Alto 800 display during its launch in Mumbai on Tuesday, 16 October 2012.

Mahindra’s SsangYong Rexton display during its launch in Mumbai on Wednesday, 17 October 2012.

Mahindra’s SsangYong Rexton displayed during its launch in Mumbai on Wednesday, 17 October 2012.

Peter Honegg, MD & CEO, Mercedes-Benz India & Debashis Mitra, Director, Sales & Marketing of Mercedes-Benz India with C-Class Sport Edition during the its launch in New Delhi on Thursday, 04 October 2012. Mercedes-Benz India launched E-Class & C-Class Sport Edition cars. The C-Class Sport Edition is priced at Rs.29.9Lakhs while the E-Class Sport Edition is priced at Rs. 39.9 Lakhs, both prices ex-showroom in Delhi.

Models poses with E-Class & C-Class Sport Edition during the its launch in New Delhi on Thursday, 04 October 2012. The C-Class Sport Edition is priced at Rs.29.9Lakhs while the E-Class Sport Edition is priced at Rs. 39.9 Lakhs, both prices ex-showroom in Delhi.

Peter Honegg, MD & CEO, Mercedes-Benz India & Debashis Mitra, Director, Sales & Marketing of Mercedes-Benz India with E-Class & C-Class Sport Edition during the its launch in New Delhi on Thursday, 04 October 2012. The C-Class Sport Edition is priced at Rs.29.9Lakhs while the E-Class Sport Edition is priced at Rs. 39.9 Lakhs, both prices ex-showroom in Delhi.

Mercedes-Benz E-Class & C-Class Sport Edition during the its launch in New Delhi on Thursday, 04 October 2012. The C-Class Sport Edition is priced at Rs.29.9Lakhs while the E-Class Sport Edition is priced at Rs. 39.9 Lakhs, both prices ex-showroom in Delhi.

The new Nissan Evalia displayed during its launch in Mumbai on Wednesday, 26 September 2012.

The new Nissan Evalia displayed during its launch in Mumbai on Wednesday, 26 September 2012.

Takayuki Ishida, MD & CEO, Nissan Motors poses for the photographers during the launch of Nissan Evalia in Mumbai on Wednesday, 26 September 2012.

Nitish Tipnis, Director Sales & Marketing, HAI with Takayuki Ishida, MD & CEO, Nissan Motors poses for the photographers during the launch of Nissan Evalia in Mumbai on Wednesday, 26 September 2012.

Satoshi Matsu Somi, VP Product Planning, Nissan Motors with Nitish Tipnis, Director Sales & Marketing, HAI with Takayuki Ishida, MD & CEO, Nissan Motors during the launch of Nissan Evalia in Mumbai on Wednesday, 26 September 2012.

Debashis Mitra, Director, Sales & Marketing of Mercedes-Benz India uring the unveiling of Mercedes Benz B- Class in Kolkata on Monday, 24 September 2012.

Debashis Mitra, Director, Sales & Marketing of Mercedes-Benz India uring the unveiling of Mercedes Benz B- Class in Kolkata on Monday, 24 September 2012.

Debashis Mitra, Director, Sales & Marketing of Mercedes-Benz India uring the unveiling of Mercedes Benz B- Class in Kolkata on Monday, 24 September 2012.

Sharad Kachalia, Director, Sales & Marketing, Rolls-Royce Motor Cars poses for the photographers during the launch of Rolls Royce Phantom Series II in Mumbai on Friday, 21 September 2012.

Herfried Hasenoehrl, GM, Rolls-Royce Motor Cars Emerging Markets, Asia with Sharad Kachalia, Director, Sales & Marketing, Rolls-Royce Motor Cars poses for the photographers during the launch of Rolls Royce Phantom Series II in Mumbai on Friday, 21 September 2012.

The new Rolls Royce Phantom Series II displayed during its launch in Mumbai on Friday, 21 September 2012.

Herfried Hasenoehrl, GM, Rolls-Royce Motor Cars Emerging Markets, Asia addressing during the launch of Rolls Royce Phantom Series II in Mumbai on Friday, 21 September 2012.

Herfried Hasenoehrl, GM, Rolls-Royce Motor Cars Emerging Markets, Asia poses for the photographers during the launch of Rolls Royce Phantom Series II in Mumbai on Friday, 21 September 2012.

Sharad Kachalia, Director, Sales & Marketing, Rolls-Royce Motor Cars addressing during the launch of Rolls Royce Phantom Series II in Mumbai on Friday, 21 September 2012.

Herfried Hasenoehrl, GM, Rolls-Royce Motor Cars Emerging Markets, Asia & Sharad Kachalia, Director, Sales & Marketing, Rolls-Royce Motor Cars with models poses for the photographers during the launch of Rolls Royce Phantom Series II in Mumbai on Friday, 21 September 2012.

Models pose for the photographers during the launch of Rolls Royce Phantom Series II in Mumbai on Friday, 21 September 2012.

Herfried Hasenoehrl, GM, Rolls-Royce Motor Cars Emerging Markets, Asia poses for the photographers during the launch of Rolls Royce Phantom Series II in Mumbai on Friday, 21 September 2012.