Small cars, big bazaars
Has the wheel turned full circle? India is now a car export hub for European & Latin American markets as crude makes world think small HIGH fuel costs and general recessionary trends are forcing car makers overseas to move away from big cars to much smaller makes, opening a huge business opportunity for car makers in India such as Maruti Suzuki and Hyundai. According to sources, car makers in markets like Latin America and Europe have ramped up sourcing orders of small cars from Indian companies, as surging fuel costs and recessionary trends take a toll on existing makes.