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