Addressing the media in Chennai, Arun Goel, Secretary, Union Ministry of Heavy Industries, said that the country has seen investments of around $34.5 billion in the last five years.
Tag: investments
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Indian e-bike manufacturer Toutche expands operations in Europe
Toutche has named its London entity as its international headquarters to expand its overseas business and global presence. The entity will be strategic to Toutche’s global plans and supply chain operations.
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Castrol India reports strong performance in 2Q and 1H for 2021
According to Sandeep Sangwan, Managing Director, Castrol India Limited, the company has reported a strong financial performance and business delivery in 2Q of 2021.
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KPS Capital to acquire forged products maker Siderforgerossi
KPS Capital Partners, LP announced that it has signed a definitive agreement to acquire Siderforgerossi Group, S.p.A., a global manufacturer of large diameter forged products.
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Toyota invests $374 mn in five US plants for hybrid powertrain
Five Toyota Motor Corp plants in the US would get a production boost with the help of a $374 million investment.
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We are making India our production base: Isuzu Motors
Isuzu Motors India just launched its mu-X SUV in the country and informed that it plans to increase its exports from India to about 30 countries in the future. Automatic transmissions are on their radar for localisation going forward as the company slowly ups its indigenisation that is currently pegged at around 70 per cent.
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Modi government plans major policy push to promote electric vehicles
India will soon embark on an ambitious programme aimed at switching most, if not all, of its vehicles to battery power by 2030. In an audacious move worthy of Elon Musk, the key to the plan's success will be the eschewing of subsidies driven by a battery leasing strategy.
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Maruti Suzuki goes for safer vehicles; likely to consolidate platforms
Maruti Suzuki, which revolutionised India’s personal transport three decades ago, is now shifting its accent to safety, limiting the number of platforms for its cars that would comply with increasingly stringent crash-test norms in the world’s fastest-expanding major economy.
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Indian automakers’ nightmare: BS-III and the futile furore over emission norms
On March 31, SIAM, the association representing India’s automakers, shot off a letter loaded with woes to the Prime Minister.
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General Motors hints at winding down its India operations
The beleaguered General Motors India may stop domestic sales from next month and may run the plant only to cater to export markets. According to sources , General Motors India may make a formal announcement of cessation of domestic in May.
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