I think this is more evidence of what is being called a jobless recovery (i.e. the world economy is picking up at the top but jobs are not being added at the bottom).
Contrary to popular opinion, a jobless recovery, one in which an economy grows by increasing productivity instead of hiring...and leaves a large segment still unemployed, is quite possible. Those still employed see enough income to feed the recovery as those still unemployed watch as their unemployment benefits expire.
“I wouldn’t think so if only because of the difference in price point of their products.”
Are you speaking about cars or “tatas” when refering to price points? :)