Vikas Group has signed the JV to strengthen foundry business and will invest Rs 300 crore in the next three year to expand this business.
Around 80 % of auto components produced in Canadian plants are exported to the US and Mexico under free trade agreement. The country has a large number of Indian population and also offers defined incentives for Indian manufacturers at federal, provincial and sometimes at civic level which includes tax-rebate, support training and cash for support investment, says Steve Rodgers President, Automotive Parts Manufacturers Association of Canada (APMA), in an exclusive interview with ETAuto.com
The multiaxle truck segment constitutes around 65 per cent of the total trucks sold in India. The competition in the commercial vehicle sector has been getting brisker in the past few years. In the past few year over half a dozen new players have entered Indian market.
Having strong expectation of rebound in the tyre industry, India’s leading tyre manufacturer JK Tyre & Industries committed an investment of Rs 1430 crore in capacity expansion at the Chennai plant. With this investment the production capacity of bus and truck radial tyres will increase by 50 percent says A K Bajoria, President & Director, JK Tyre & Industries in an interview with Nabeel A Khan. Excerpts from the interview.
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