NEW DELHI, October 11 – FINANCIAL EXPRESS – According to a report by Confederation of Indian Industry (CII) and AT Kearney, India is likely to experience continued investments as it is estimated that the Indian luxury market has the potential to show growth of about 20% in the coming years. Luxury products have grown the fastest at 29%, well above expectations of 23%, says the report. – FINANCIAL EXPRESS – Honda Motor Company is planning to use more local parts in its models that sell in large numbers or volume models in industry in order to price them more competitively. It has decided to have 100% local parts in its volume models including small cars such as Brio, City sedan, and Jazz, in the coming years. Honda Siel Cars India Limited, a joint venture between Honda Motor and Siel Limited imports 20-30% of the parts of its volume models from countries like Thailand, Japan and Indonesia. – FINANCIAL EXPRESS – Due to rising interest rates, fuel costs and an uncertain global economic environment car sale in India has declined nearly 2% in September this year. Despite lower than expected car sales in India, it has became the second fastest growing market in the world for passenger vehicles next only to Germany. – ECONOMIC TIMES - Commerce and Industry Minister Anand Sharma had a meeting on 10 October with Czech Republic Minister of Trade and Industry Martin Kocourek, who is leading a 50-member high-level business delegation to India. During the meeting, the two ministers agreed to take bilateral trade to $2 billion by 2012 from the current level of $1.3 billion which in itself is an increase of 26 % from the last year. They also agreed to liberalise business visa regime to facilitate the flow of trade and investments between the two countries. – ECONOMIC TIMES - The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2011 to Thomas J. Sargent of New York University and Christopher A. Sims of Princeton University for their empirical research on cause and effect in the macro economy.