MUMBAI – As Daimler AG this month exits its 5-decades-old relationship with Tata Motors Ltd., the German auto maker is looking to strike out on its own in the burgeoning Indian market. The sale of Daimler’s 25.6 million shares, which represent a 5.34% stake in Tata, netted the German auto maker £300 million ($429 million). Daimler had been planning to exit its partnership with Tata for many months and seized the opportunity as the Indian auto maker’s share price rose six times in one ...

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