Profit

Indian automakers suffer as economy sours

PUBLISHED ON: November 7, 2008 | Duration: 2 min, 03 sec

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October was supposed to herald a revolution for Indian automakers. Tata Motors had planned to roll out the Nano, a 100,000 rupee ($2,000) snub-nosed auto that would bring car ownership to the masses. But a major land dispute has delayed the Nano's launch. And more worrisome: After years of double-digit growth, Indian auto companies face falling sales.
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