Suzuki Motor Corp., Hyundai Motor Co., and Nissan Motor Co. are making India a hub for overseas sales of minicars as incentives lift demand for smaller, fuel-efficient autos. Helped by cheaper labor and a surging local market, India this year overtook China in auto exports and is challenging Thailand and South Korea as an alternative production center in Asia.
The current economic crisis will help China and India to become dominant trading powers. The American century had began after the WWI when mass manufacturing shifted to the US. The 21st century will be the Asian century, starting with the market crash of 2008.