India's Cheap Car Boom

Workers make auto parts on machines inside a manufacturing unit in Faridabad, India, December 24, 2015. Car makers such as Maruti Suzuki India and Hyundai Motor see huge growth in India, set to become the world's third-largest auto market by 2020 as millions buy their first new car. Price tags can be as low as $3,000 for a new Tata Motors Nano mini-car. India is also becoming a low-cost export hub for global car makers such as General Motors and Ford Motor. As the sector expands, some of the work is sub-contracted out to small factories operating on paper-thin margins, where poor contract workers often have little or no access to safety equipment or health benefits. (Photo by Adnan Abidi/Reuters)
India's Cheap Car Boom
   
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