Detroit automakers slow to adapt in India

|By:, SA News Editor

Ford (F) and General Motors (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 (SZKMF) and Hyundai (HYMLF) which combined account for over half of all automobile sales in India.