MUMBAI – No one can deny that China’s auto industry is booming. But global auto makers and suppliers ignore at their peril what could be the next big thing. And that is India. Twelve auto makers sold more than 1 million passenger vehicles in India last year, marking a 32% upswing after years of stagnation. The rise in domestic sales came on top of a 15% compound average growth rate over the decade. New rollouts, accurate product and price positioning, imaginative marketing and, above ...
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