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Sime Darby's Expansion Plans
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Malaysia's Sime Darby plans to expand its luxury car retail business into India and Indonesia, tapping into the growth potential of these economies. The company aims to set up a car retail business in India and expand its presence in Indonesia through a joint venture to sell BMW cars. Sime Darby also sees continued demand for luxury cars in China despite supply imbalances.
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How might Sime Darby's acquisition of UMW Holdings contribute to its growth in the Malaysian automotive industry?
How might Sime Darby's expansion plans impact the luxury car market in India and Indonesia?
What challenges might Sime Darby face in establishing a car retail business in India and Indonesia?
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