Tata Nano
Now for the first time, India has surpassed China as Asia’s biggest automobile exporter, and the country is fast emerging as a global hub for the manufacturing of small cars.
South Korea’s Hyundai Motors already exports close to half of its Indian output. The Hyundai i10 – a mini car made in the city of Chennai – sold more than 100,000 units in 2008.
The country’s leading carmaker, Maruti Suzuki India Limited, has also more than doubled its sales this year with the export of its hatchback “A-star”. The company is now spending around US$300 million on building a small-car research and development centre in the country.
Many companies, including Nissan and Ford, are also setting up operations in India, as they are trying to cut costs and move to making compact and fuel-efficient vehicles. – read more at ChannelNewsAsia.com…
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