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International automakers eyeing India
New
Delhi,
Sep
23,
2007:
Getting
a
foothold
in
this
giant
country
can
be
a
tricky
affair…and
the
key
to
success
lies
in
keeping
the
price
ticket
low,
squeezing
profit
margins.
But, even this is not deterring automakers like Renault, Hyundai and others from entering the Indian domain. Global marketing information services firm JD Power and Associates predicts that annual vehicle sales in India will nearly double to 2 million by 2012.
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Story first published: Tuesday, September 25, 2007, 17:03 [IST]
