Several car companies, including General Motors and Ford, who have both left the India market, do a huge amount of their software development work in India.
India is a market for low-priced cars with low running costs, and global majors don’t have the models to match Maruti and Hyundai’s entry-level vehicles.
Many believed outsize investment in a competitive business like telecom couldn’t yield a proper return, but Mukesh Ambani’s deals have shown up sceptics.
The small but growing class of female CEOs, includes GM’s Marry Barra and Best Buy’s Corie Barry, who could create the critical mass needed to pull other women to the top of the corporate ladder.
While US & Indian officials have signaled that a deal was within reach, talks have dragged on amid disputes over tariffs, market access & protections for politically sensitive sectors.
Under the agreement, the loitering munitions will be offered to the Indian Army as part of efforts to address what the companies described as an ‘urgent requirement’.
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