India to German Automakers: Show Us the Money
At the "Frankfurt Motor Show India Day," Indian government and business representatives scolded Germany for their lackadaisical attitude towards the world's largest democracy. "When I speak to German companies", said the Indian Minister for Heavy Industries, "they say the Indian market for small cars is too competitive. But I tell them, you cannot afford to ignore this country, because it is as big as all of Europe, and is growing faster than any other place." Volkswagen AG's Joerg Müller said hold up: VW's offering the Passat and (wait for it) Phaeton to India. Another Indian official said get on with it, mate. "You need to combine German engineering excellence with Indian software ability and low costs to produce a competitive, mass-market product." Meanwhile, according to Spiegel, France's Renault has established a new R&D center in India, where it is developing a Three-Thousand-Dollar car". 2,000 engineers will work on a model which will severely undercut Renault-Nissan-Dacia's present €8,000.00 "Logan" model, but will probably won't make its way to Europe.
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