Rupee slide spurs India's automakers to look home for parts

Newswire

* Automakers looking to slash imported content * Maruti sees big savings by switching to local suppliers * Hero MotoCorp costs up $70 mln in Q4 on rupee slide * Local parts industry set for demand boost * Rupee hit all-time low vs dollar last week By Henry Foy and Anurag Kotoky MUMBAI/NEW DELHI, May 29 (Reuters) - India's car and motorbike makers, smarting from a tumble in the rupee that has increased import costs, now have little choice but to go local when buying parts - a shift that will ...

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