NEW DELHI — Though India's population has just broached 1 billion, a mere 3 million passenger cars travel the roads. Nevertheless, the promise of a burgeoning well-educated and prosperous middle-class is the lure that so far has attracted 14 global automakers to India's major manufacturing centers in Delhi, Bangalore, Mumbai and Chennai. That India is a democratic society with a strong legal system helps. But the main reason for investment is found in the statistics. The ratio of cars ...
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