Renault News
India's carmakers on fast track to capacity glut
In the race for sales, India's carmakers may need to ease off the accelerator as they speed towards a head-on collision with a capacity glut. Lured by 30 percent sales growth over the past two fiscal years, carmakers have pledged $6 billion to almost double India's annual production to more than 6 million vehicles. But now sales growth has come to a screeching halt and production capacity could be
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