While Tata Motors broke into the global top 10 last year, the simultaneous presence of two Indian firms once seemed a distant possibility.
The Nifty Auto index may still be 13% below its record high, but two of its constituents have reached a milestone rarely seen outside developed economies. For the first time ever, two Indian automakers—Mahindra & Mahindra (M&M) and Maruti Suzuki India—have entered the list of the world’s top 10 most valuable automotive companies.
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