India key export base for auto firms


India is evolving into one of the top global export bases of certain car models made by multinational automobile companies. The trend is increasingly visible among global brands such as Volkswagen, Hyundai, Ford e General Motors. What is driving these companies to ship large volumes from India? A prominent factor is that many have not had a great run in the Indian market, leading to under-utilisation of capacity. Also, India has turned to be a cost-competitive production base for these companies, with multiple plants across the globe, and, offering a great low-cost manufacturing opportunity.