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'Eroding cost advantage may threaten India's auto hub dream' (The Hindu Business Line 8thJan 2008) India's eroding cost advantage and lack of government support may pose a threat to the country's dream of becoming a global hub for automotive industry, research firm KPMG reveals. In its latest report on Indian auto-manufacturing sector, KPMG said despite Indian economy beating all growth projections, manufacturing companies are themselves sceptical about coping up with this rapid transition.
The research firm, which interviewed 40 CEOs and CFOs from the Indian automotive industry, said that senior auto executives were concerned about India's eroding cost advantage and the increasing challenges of rewarding and retaining talent. More
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