India Cranks Out Small Cars for Export

MUMBAI -- India is becoming a small-car manufacturing hub for some of the world's biggest auto makers.
Annual passenger-car exports from India have jumped five-fold in the past five years. Industry analysts predict exports over the next three years will surge nearly 300% to more than half-a-million vehicles a year.
India's homegrown auto innovation -- Tata Motor Ltd.'s $2,500 Nano minicar -- has attracted global attention, but the export wave consists mainly of small cars built in local plants by Japanese and South Korean car makers, including Suzuki Motor Corp., Hyundai Motor Co. and Nissan Motor Co.