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India and developing markets, a hope for recession hit Auto Markets Developingcountries markets are becoming the best choice for the auto manufactures worldwide. Europe and the other developed countries' market have been hit by the recession which has proven to be most catastrophic. The developed market conditions are such that they are looking for support from the other market. The BRIC nations which include Brazil, Russia, India and China are being looked at as the hot auto markets for the developed nations. The European, Korean, American and Japanese auto mobile manufactures are hunting for the local market players. They are also planning to sell their own products in the developing world market. The recent story of, Mahindra Cars and Mahindra, which has taken the Ssangyong, the South Korean, SUV auto marker. The deal is in its final stage and is expected to enter final documentation by next year in February or March. Mahindra and Mahindra also plans to come out with new and contesting SUVs. Russia and China are witnessing lots of ventures and partnerships in their own markets, but back home in India the auto mobile manufactures sell their own brands which are...more
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