MUMBAI, India -- As an early bird in the joint ventures of the 1990s, General Motors India Ltd. could have been a market leader, with the management practices of the parent company, precision of GM’s Adam Opel AG European subsidiary and Indian marketing ingenuity. But GM-India faced all the early restrictions, before the Indian government favored liberalization. The auto maker captured only niche markets, with annual sales of about 7,000 Astra and Corsa models. Unable to localize ...

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