Nissan, Ford, VW & GM Exported More Cars Than They Sold In India

#hashtags: #Nissan #Ford #Volkswagen #General Motors #India #Indian Rupee

FY2016 saw Nissan, Ford, Volkswagen and General Motors exporting more cars from India than they have sold in the domestic market. Cheap labor and depreciation of the Indian Rupee has led to exports being a more profitable venture for these companies.

The mark of a developed industrial nation is often its automotive manufacturing industry. The automobile industry in India is one of the biggest employers and revenue generators in the country. On the other hand, India is also a very large market with vast potential and...