MUMBAI – Despite a strong upward trend in sales, India’s auto makers and component suppliers are worried – but for different reasons. Passenger-vehicle deliveries in 2009 grew 19.4% from prior-year to 2.2 million, and against all expectations, the positive trend continued into January. Sales and exports of cars and utility vehicles jumped 42.3% to 226,22 1, compared with year-ago. But the good news is being dampened by a shortage of auto parts in the industry. Mahindra & Mahindra ...
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