The Tata Group believed that future growth for its subsidiaries would come from both investments in the growing Indian economy and opportunities in international markets. Tata Motors management believed that the Indian passenger car industry would experience strong growth over the next 10 years, growing faster than the top five markets (U.S., China, Japan Germany, and Brazil) and become the third-largest passenger car market (after the US. and Chin by 2021. The company believed that the introduction of