Bavina Cars India to launch electric car in India
Bavina Cars India would become the latest player in the Indian market to launch electric cars.
They are currently setting up their operations in Tamil Nadu.
Bavina aims to launch their car in the Indian market by 2011.
They are investing close to around Rs. 300 crores [...]
Michelin plans to open factory in India in three years time
France based tyre company Michelin has announced that they are planning to open a factory in the Indian market in the next three years.
Company chief executive Michel Rollier said in a statement: “We hope the factory will open within three years.”
Market sources say that the [...]
Peugeot might come back to India
Market sources say that Peugeot is seriously pursuing re-entering the Indian market.
Peugeot had an unsuccessful run in the Indian market when they launched their products in 1990s.
Reports claim that the company is now looking for a location to set up its manufacturing facility plant in the southern part of [...]
Ford India launches engine assembly plant
US based automaker Ford has announced that their engine assembly plant in India has now started operating.
The plant is located in Chennai in southern India and would be manufacturing 60,000 engines annually for Ford Fiesta and Ford Fusion models.
They would be using bulk of these engines locally and would export [...]
Nokia has already manufactured 125 million mobile handsets in India
World’s largest mobile phone maker Nokia has now said that they have manufactured more than 125 million mobile handsets in their Indian plants.
This feat is pretty impressive considering the company started manufacturing here in India just two years ago.
Nokia has a manufacturing unit in Tamil Nadu [...]
State Bank of India now has more than 10,000 branches
State Bank of India has now become only the second bank in the world to have 10,000 branches.
SBI opened their 10,000th branch in Puduvayal district of Tamil Nadu.
The only other bank to have this distinction is the China’s ICBC Bank.
Union Finance Minister P Chidambaram spoke at [...]
Samsung India expanding manufacturing capacity in India
Samsung India Electronics has now inaugurated its second manufacturing facility in India.
This second unit is coming up at Sriperumbudur in Tamil Nadu.
The South Korean tech giant had signed an MoU with the Tamil Nadu government for this project some time back.
H B Lee, president & CEO, Samsung South [...]
