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