ANN ARBOR – It’s no secret India’s light-vehicle market is booming, second only to China’s dramatic growth in recent years, But how much upside there is depends on the roads, themselves, as well as the cost of materials. “One of the big discussions is how does the industry support (the addition of millions of new) vehicles,” Charles Chesbrough, senior economist for IHS Automotive, says at a University of Michigan Transportation Research Institute conference here. The cost of raw ...
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