MUMBAI – Japan's Mitsubishi Motors Corp., and India's Hindustan Motors Ltd., both loss-making auto makers, are expanding their alliance to increase sales and cut costs. The two are exploring synergies to use their partnership more efficiently. HM began making the Lancer sedan at its plant on the outskirts of Madras in 1998 using technology from MMC. Mitsubishi Pajero may be assembled in India. Now troubled Mitsubishi is looking to Asia for a turnaround and is making nearly its ...
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