Dubai-headquartered AW Rostamani (AWR) Group has said it will press ahead with business expansion plans in the India following its recent acquisition of the dealership rights for Honda vehicles in Delhi.
A leading company official said the move is in line with the company's plans to widen its exposure in the emerging markets.
"Future possibilities in India will of course depend on the feasibility findings we need to undertake; but we have made a good start from Delhi," AWR Automotives CEO Michel Ayat said, adding that the initial results have been quite promising.
The original dealership in Delhi was active for 12 years before the Dubai-based group acquired the rights late last year.
"By next year, China will be the largest automobile market in the world. If automotive is your main business, you just cannot turn your back on opportunities in the emerging markets. As a group with decades of experience in the automotive business, it was our philosophy to be associated with the largest emerging market. It's also the reason why we got into India," Ayat was quoted by Gulf News as saying.
Arabian Automobiles, the flagship company of the group, has been the Nissan dealership for Dubai and the northern emirates over decades and, more recently, also acquired the local rights for Renault.
Last December, it formed an alliance with China's Zhengzhou Nissan Automobile, under which it was able to sell ZNA-branded light commercial vehicles, SUVs and MPVs not just in the local market, but in Saudi Arabia and Iraq as well.