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