Indian auto firms drive finance units forward

Newswire

By Rina Chandran MUMBAI, Feb 21 (Reuters) - Indian vehicle makers are revving up their finance units to chase a larger share of a booming market and boost earnings, with foreign firms also angling for a piece of the action. Passenger vehicle sales in Asia's third-largest economy are expected to nearly double to more than 2 million units by 2010, while annual truck sales may hit 500,000 by then on the back of rising incomes. India's auto finance market was estimated at about 312 billion ...

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