MUMBAI – India’s Sriram Industrial Enterprises (Siel) has backed down from trying to break off its 17-year-old joint auto-making venture with Honda, but that’s not necessaily a sign the companies have made peace. Amid millions of dollars in losses, dwindling sales, internal dissension and fiscal disputes with Honda, Siel in October sought an exit from Honda Siel Cars India. Since then, however, Siel has seen demand for Honda cars rebound as the auto maker shifts its ...
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