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Detroit automakers slow to adapt in India

Mar. 25, 2014 7:12 AM ETFord Motor Company (F) StockF, GM, HYMLF, SZKMFBy: Clark Schultz, SA News Editor3 Comments
  • Ford (NYSE:F) and General Motors (NYSE:GM) are still spinning their wheels in India with each claiming a market share of only around 3% in what is tapped to be the third largest automobile market in the world by 2018.
  • The Detroit automakers have been slow to adapt to local tastes for small sub-$10K cars.
  • The "big two" in the nation are Suzuki (OTCPK:SZKMF) and Hyundai (OTCPK:HYMLF) which combined account for over half of all automobile sales in India.

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