Indian auto makers look abroad for growth, branding

Newswire

By Rina Chandran MUMBAI, May 23 (Reuters) - Ambitious Indian vehicle makers are driving overseas to build a global presence for their brands, encouraged by robust domestic sales. Companies are setting up manufacture and assembly operations for everything from tractors to motorbikes in countries like Indonesia and South Africa, taking advantage of tax benefits and expanding markets beyond traditional destinations in South Asia. But analysts caution the move is not without risk, and that ...

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