Renault, GM join battle for India's fast-growth car market

Newswire

By Rina Chandran MUMBAI, March 27 (Reuters) - Half a century ago, Renault and Mahindra & Mahindra Ltd. failed to get off the ground a venture to make a cheap car for the local Indian market priced at a princely $158. Nowadays, that might buy you a set of new tyres, but the two are back in partnership vying with global automakers to grab a slice of an Indian car market that is forecast to nearly double to 2 million units by 2010, if not sooner. The new $10,000 Logan sedan, slated by ...

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