Wednesday, May 17, 2006
Automakers ramp up Indian factories
By TERENCE CHEA The Associated Press, published in the Rutland Herald
Last year, about 1.2 million cars and light trucks were sold here. That number is expected to increase by about 9 percent annually over the next five years, according to J.D. Power and Associates, a global market research firm based in Westlake Village, Calif.
The Indian market is still tiny compared to that of the U.S., where about 17 million vehicles were sold last year. But with a population of 1.1 billion and an economy that has averaged 8 percent growth over the past three years, it has a lot of room to grow.
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