Components of competition

Ratan Tata, in an interview to Bloomberg’s global TV network last week, talked of the great benefits of sourcing automobile components from China. China, he said, had become the world’s largest market as well as producer of cars. So, the quality of its components was very good and the prices were unbelievably low. Tata Motors would, therefore, in the days to come source sub-assemblies from China — automatic transmissions, etcetera.

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