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India’s Auto Boom Goes Bust
Troubles in the world’s No. 4 car manufacturer are rippling through the economy.
13 Sep 2019, 01:40 AM IST
(Bloomberg Businessweek) -- It’s hard to escape the influence of the auto industry in Chennai, a city in southern India known as the nation’s Detroit. Schoolyards have billboards proclaiming they’re “supported by” big carmakers such as Daimler, Renault, and Nissan Motor. Even the public toilets in a nearby slum are sponsored by the country’s largest tiremaker.
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