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


Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236