MUMBAI – Global auto makers are establishing or expanding operations in India not only to meet domestic demand but also to serve more than 110 foreign markets. Exports of India-built passenger vehicles over the past five years soared 155.6% to 507,318 in the fiscal year ended March 31. Hyundai India, established 16 years ago, accounted for 237,535 of those exports, 47% of the total, while domestic auto maker Maruti Suzuki contributed 127,372, roughly one-fourth. Nissan India ...
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