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Sun Edison launches solar pumps Make way for the new and dynamic railways Downsizing spree... OBO Bettermann for better lightning protection - Realising double digit growth in Tamil Nadu Celebration time at MS Chola Purdue and IIT-M sign the dotted line Veritas Finance- financing the unfinanced Illicit markets a concern to growing economy ALL – truck industry is recovering from degrowth Digital retail transactions stabilise at higher level… Chennai will soon get its World Trade Centre Reality bytes Flexible labour laws… People Flow Day- Safety CUB: towards card-less withdrawal Creating Tamil Nadu Banana brand Auto test tracks launched at GARC Oragadam campus Tata Steel commence operations at Kalinganagar Strategy war escalates between Hero and Honda TiE applauds innovative entrepreneurs ECGC expands operations Business Breif An aerospace-defence cluster in Tamil Nadu… Dynamic e-commerce scenario Scoot offers just Rs.13,500 to ANZ... Chola MS net crosses 100 crores An American alliance in the chemical industry? SumInfra- corridor based development... Steel loses its sheen ALL to launch electric busses More gensets and diesel engines from TAFE TII-challenging year with flat growth Gem of social service... Housing Innovation Challenge, 2015 World labour laws at a glance WABCO’s second Chennai plant Towards peace of mind Blue Star plans a new plant in south European crisis is a global crisis! STFC raises money Inclusive and forward moving... BRICS development bank Bridging the skill deficit in pharma industry Brand leaders come forward... LVB gears to become a financial supermarket Hyundai excites again Celebrating 180 years of relevance Durga - India’s largest blast furnace; now operational Indigo stays leader with 40 per cent share Chennai Port is at last decongested! Applauding enterprise... ALL-two launches in a row The new look- 4s Verna Focus on self-certification and third party inspection Climate change may change the way businesses work... Investor friendly Japan TCS’ revenues cross Rs 100,000 crore Business Briefs Nothing to hide... Innovation that helped Chennai port When Centre visits the state Research needs more funding On the ‘milky’ way Need to focus on ease of doing business... Industry-well poised to invest on expansion Four daughters and a proud father Indian Bank – global businesses crosses Rs 3 lakh crore... Backpack laboratory Three more leather clusters… Curbing steel imports will hurt small business... Secured NCDs from Shriram City Economic, business and social sustainability Economic issues take a back seat at G20 summit Ridley marathon to India TII’s single largest investment at Thiruthani Waste, a gold mine Well-refined – RIL’s refinery margins zoom Automotive Vision Plan II... Holiday Inn opens in OMR Chennai TN budget pragmatic and moderate on fiscal deficit Apple maps – finding its way Big-ticket investments march towards Punjab Airlines wage price war Placing the right shoe forward... Carrefour’s quick exit TOP 10 CEO Compensation Changing dynamics in human resource management IFCI to raise NCDs upto Rs 2000 crore Schwing Stetter India joins hands with US-based Gomaco Nigeria comes nearer Connecting the unconnected ISRO's 100th mission AirAsia India infuses funds to fight out competition TVS Logistics – another acquisition to sharpen the business model Smart controls for cooling large multi-zone spaces ... A global plastic event in India Rating of states to be released soon Adding Zest to Scooty Pharma market dozes Time to fast-pace the logistics sector Is Indian telecom industry heading for a monopoly? Chola MS launches motor app Realty sector takes a break... Striking cords for 25 years… Hero Motocorp - smooth ride Chennai to get a roundabout Metro Murugappa- a year of consolidation Techies trip to India
 
Automotive Vision Plan II...

With the Automotive Vision Plan I that envisaged a 145 billion USD turnover, 35 million employment and a 10 per cent of GDP by 2016, the auto industry stands midway in achieving these plans by 2016. “We have reached 78 billion USD turnover, around 29 million in employment and it contributes around 7.5 per cent to GDP. Recession and a staggering rupee have affected the expected growth,” said Ambuj Sharma, Additional Secretary, Department of Heavy Industry, Government of India. The National Automotive Testing, a state-of-the-art facility is under construction at Oragadam at a cost of Rs 700 crore. This will facilitate the testing of safety and speed of powertrains. Another high speed track is to come at Indore in 2 years which can test upto 250 km/hr and will be used mainly for R&D. The government is to unveil the electric mobility policy by 01 April 2015 that will provide several incentives to fully electric or hybrid vehicles. The Indian market is expected to expand to 6-7 million electric vehicles by 2022.

 

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