A remarkable future for India’s booming and blooming automotive industry is foreseen in a new report by a global management-consulting firm Booz & Co. The 19-page study, authored by partner Vikas Sehgal, boldly predicts that by 2015 India will forge ahead of Brazil, Russia and all the European countries to become the fourth-largest automotive market in the world, after China, the U.S. and Japan. “By 2020, the Indian market will be more fragmented and the leadership will change,” ...

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