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