MADE IN INDIA!
If you thought that it could get no better in the Indian auto industry, you couldn’t be more wrong. At the moment the only way to describe the state of the sector in India is ‘investments and expansions galore!’ And who said it is just the foreign giants responsible for this great movement? Maruti Udyog Ltd. has plans to launch five new models by 2007 and is further investing Rs.60 billion in capacity expansions. Meanwhile, their foreign rival Hyundai, has also planned to increase its capacity to 400,000 units by 2007. Tata Motors, the other renowned Indian giant is also investing an estimated Rs.110 billion for expansion. And Honda Siel is shelling out Rs.9.23 billion for its second plant in India.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
If you thought that it could get no better in the Indian auto industry, you couldn’t be more wrong. At the moment the only way to describe the state of the sector in India is ‘investments and expansions galore!’ And who said it is just the foreign giants responsible for this great movement? Maruti Udyog Ltd. has plans to launch five new models by 2007 and is further investing Rs.60 billion in capacity expansions. Meanwhile, their foreign rival Hyundai, has also planned to increase its capacity to 400,000 units by 2007. Tata Motors, the other renowned Indian giant is also investing an estimated Rs.110 billion for expansion. And Honda Siel is shelling out Rs.9.23 billion for its second plant in India.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
No comments:
Post a Comment