Indian auto industry to grow more than 3.5 times by 2026
By Aamir H Kaki The Heavy Industries Secretary Girish Shankar on Thursday said that the Indian auto industry will grow by 3.5 times, from the output of around Rs.464,000 crores in 2015 to above Rs.16-19 lakh crore by 2026. “We have finalised the next Automotive Vision Plan 2016-2026, as has been the case with the previous one, combined efforts of the government of India and the industry, we chart a growth path that we jointly seek to achieve,” Shankar said, while speaking at the 2nd ASSOCHAM Auto Forum & Awards 2017 in New Delhi. “This Vision Plan also seeks to define the trajectory of the evolution of the automotive eco system in India including deadline of specific regulations and policies that govern a ...
More Mexican auto part cos to set up shop in India: Diplomat
PTI Mexican auto component industry is firming up plans aimed at boosting its presence in India, a top diplomat said here today. "Auto component sector is very strong. There are four Mexican companies operating in this sector and more are planning to set up shop here," Mexican Ambassador to India Melba Pria said here today at an interactive session with The Bengal Chamber. Pria said West Bengal is not known much in the Latin American country and the state should undertake a campaign to attract Mexican companies to invest in the state.The diplomat expects ties between the two countries to improve in future.
Trade pact with Iran will help India expand exports volume'
The Dollar Business Bureau Signing a Preferential Trade Agreement (PTA) with Iran can fill up the demand gap for Indian exporters in several other economies, said the Associated Chamber of Commerce and Industry (ASSOCHAM). “India-Iran PTA will help India expand the volume of exports to Iran, particularly of pharmaceuticals, iron and steel, auto components. Also Iran could serve as an outlet for Indian goods to countries in Central Asia and Afghanistan,” the industry body said in a study. It said that with the US spearheading the regime of easy relations lifting sanctions on Iran, this is the right time for India to engage in trade pact with Iran. In 2014-15, Iran’s trade with India was around $13 billion and it was more ...
