Following financial liberalization in India in 1991, the Indian automotive trade has demonstrated sustained progress as a result of elevated competitiveness and relaxed restrictions. According to Gary Dilts, senior vp of U.S. automotive at J.D. Power and Associates, due to cost-reducing measures resembling renegotiation of union and supplier contracts, the break-even level for the home automotive trade will lower by more than 2 million units when comparing present trade situations to these forecast in 2010.
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