BOMBAY — India's finance minister is giving more protection to the country's automakers against car imports by increasing, within a period of less than two months, total import duty to 120% from 85% (see WAI — April '01, p.3). The move increases the incentive for domestic carmakers to build more models locally. Many of these foreign companies had plans to import luxury cars for niche markets until increasing demand made local manufacture worthwhile. General Motors India Ltd., for ...
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