CORRECTED-Luxury carmakers chase India's young, female and frugal

Newswire

(Corrects sales data throughout to refer to April-December 2012, not April-March financial year) * Mercedes, BMW, Audi going small and local to boost sales * India's luxury market lags behind China * Shifting production to India cuts costs, avoids tax * Mercedes to launch A-Class, B-Class diesel this year By Henry Foy MUMBAI, April 23 (Reuters) - Luxury carmakers in India are moving downmarket and ...

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