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The automobile sector is expected to grow at a CAGR of 12-15% over next 3-4 years. India becoming small car export hub as automakers rushes to set up factories. The government has said it would build infrastructure and simplify foreign investment rules to attract at least $35 billion (euro25.4 billion) in new investments in the auto sector through the decade ending 2016. It also plans to lower taxes, especially for companies exporting and manufacturing small cars. This is, obviously, an opportunity as more and more international companies move into India. However, the threats of offshore industry are China, which is likely to emerge as a competitor for India. China has demonstrated its capa...
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Ramesh Ganesan
| Commented
| 2 years ago
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The car density in India is too low any change upwards will boost the growth. Our Tier 2 and Tier 3 cities are exploding and as percapita disposible income goes up there will be a demand push for automobiles esp small cars. Initial cost, fuel...
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satender
| Commented
| 2 years ago
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in next 3-4years in india there are a grow than 12to 15 market going boom
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