Buy custom INDIAN AUTOMOBILES:OPPORTUNITIES AND CHAllenges
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
14 / 3846 |
Essay's paper body
Priced at about
$5,500, the product became an instant hit. The joint venture now produces three small-car models,
a van, and a utility vehicle at a rate of more than 250,000 a year. Despite being a late entrant,
Maruti's vehicles are estimated to account for as much as 70 per cent of India's car population...
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These new measures effectively dismantled the license raj which had
made it difficult for Indian firms to import machinery and know-how, and had disallowed equity
ownerships by foreign firms. In 1993, the government followed up its liberalization measures with
Page 2
significant reductions in the import duty on automobile components...
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INDIAN AUTOMOBILES:OPPORTUNITIES AND CHAllenges
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