India Seeks Compact Car Production Niche

India, increasingly seen as a global technology outsourcing centre, is taking rapid strides towards becoming the world's manufacturing hub for compact cars.

India, Asia's third largest economy, has emerged as a large car market in recent years. The country of over one billion people, where only six out of every 1,000 people currently own cars as compared to nearly 500 in developed economies, is expected to see an explosive growth over the next few years. Small cars account for nearly 60 per cent of the domestic 600,000 cars a year market.

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