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ANALYSIS - INDIA'S AUTO INDUSTRY IN 2004.

Publication: AsiaPulse News
Publication Date: 31-DEC-04
Format: Online - approximately 509 words
Delivery: Immediate Online Access

Article Excerpt
NEW DELHI, Dec 31 Asia Pulse - Low interest rates and higher income shrugged off rise in input costs, helping carmakers todrive to the elite club of nations by selling a record one million cars while Maruti engaged itself in a war of words over arch-rival Tata Motors' plan to develop a Rs 100,000 (US$2,300) people's car.

Surging sales forced almost all the major carmakers to augment capacity and the Indian automobile industry had the...

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