, Columnist
Volkswagen's Passage to India
Market penetration in exchange for R&D know-how. That seems fair.
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The world's biggest car manufacturers have a problem with India.
Toyota Motor Corp., Volkswagen AG, General Motors Co. and Renault-Nissan Group are the giants of the global industry, each selling about 10 million cars a year and together accounting for almost half of the passenger vehicles produced by major manufacturers worldwide. In India, though, they're minnows, with a combined market share that's not much above 10 percent.