MUMBAI – With as many as 25 car and utility makers displaying vehicles at last month’s New Delhi Auto Expo, India’s auto makers are in a race to carve out a piece of the country’s burgeoning small-car segment. Four distinct groups within the sector are emerging, including low-cost cars with 0.8L engines or smaller, such as the Tata Nano and Maruti 800. Plus, Bajaj Auto Ltd. may introduce an ultra-low-cost car that would be powered by a 0.8L engine. The BMW Mini and Volkswagen Beetle, ...

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