INDIA: Telco seeks foreign partner for Indica project - FT
Indica, India's pedigree passenger car, has been a burden on its parent since its birth two years ago, reports FT.com. Now, the news organisation says, Telco, the country's dominant truck maker, is considering seeking a foreign partner to rescue the project. FT.com says that Telco hopes a strategic tie-up would help to stem rising group losses caused by a sharp slump in truck sales and the Rs17bn ($US364m) start-up costs for Indica.
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