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