Newly flush customers in China are buying high-end cars with all the extras. That's good news for foreign automakers facing tighter margins.
"The toughest part was continuing to believe that we could do it," Tata told journalists covering the Auto Expo in New Delhi, where he unveiled the lowest-priced car in the world. He added that "a promise is a promise", hinting at the ability of his company to deliver even in the face of brutal scepticism.
As the economies of emerging markets boom and their biggest conglomerates grow into multinationals, more and more of the new corporate giants in countries ranging from India to China, Russia and Brazil are looking to wring greater profits out of their respective industries.
To tax the small car 'like crazy' so that the market does not grow until an efficient and affordable mass transit system is in place is short-sighted in the extreme.
No rich relatives? No professional mentors? No problem. Ashley Qualls, 17, has built a million-dollar web site. She's LOL all the way to the bank
BusinessWeek's first-ever ranking of 25 client-pleasing brands included JetBlue, until it got stuck on the runway.
American business leaders may find that India's biggest impact on the global economy may be on the way executives think.
'No two countries that are part of a global supply chain will fight ever a war against each other as long as they \n\nare each part of the supply chain.'
'India is developing call centres and Saudi Arabia is developing madrassas. One is calling the world, in a perfect accent, the other is calling God, in only one language.'
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