New Delhi: Mobility solutions provider Jupiter Wagons Ltd plans to invest around 1,000 crore over the next 18 months to boost wagon manufacturing and foray into commercial EVs making.

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : -

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : Mint

Other Notification :

Submission Status : Published

Maruti expects to invest INR 45000Cr to double annual capacity to 40 lakh units in 8 yrsMaruti expects to invest INR 45000Cr to double annual capacity to 40 lakh units in 8 yrs

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : -

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : ET Auto

Other Notification :

Submission Status : Published

Maruti Suzuki (MSIL), the country’s largest carmaker, on Wednesday, said its Japanese parent company Suzuki Motor has plans to invest Rs 2.8 lakh crore by FY31 as it aims to double its global turnover. This fresh investment is aimed at new launches and expansions.

 

Link: Suzuki to invest Rs 2.8 lakh crore by FY31 as it aims to double turnover- The New Indian ExpressSuzuki to invest Rs 2.8 lakh crore by FY31 as it aims to double turnover- The New Indian Express

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : -

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : Indian Express

Other Notification :

Submission Status : Published

Hyujdai will invest Rs 20,000 crore over the next 10 years in Tamil Nadu to modernize vehicle platforms and expand its presence in the country’s fast-evolving electric vehicle segment.

The investments will be utilized to expand production capacity for internal combustion engine and electric vehicles, set up a battery pack manufacturing unit and establish charging infrastructure for EVs, among others.

Source: ET Auto

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : .

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : ET Auto

Other Notification :

Submission Status : Published

The International Finance Corporation (IFC), the private sector arm of the World of the World Bank Group, has announced an investment of INR 600 crore in a new last mile mobility (LMM) company, to be incorporated as a wholly-owned subsidiary of Mahindra & Mahindra

 

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : -

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : ET Auto

Other Notification :

Submission Status : Published

Bajaj Auto plans to invest Rs 750 crore in capital expenditure in the ongoing financial year, FY23, to set up facilities for its electric two- and three-wheelers as well as ramping up its premium motorcycle volumes. This kind of investment is among the highest annual investments made by the company for adoption of new technologies and capacity creation in recent times.

Bajaj to establish new EV facility in Waluj

Chakan plant to be expanded for premium bikes 

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : -

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : Autocar India

Other Notification :

Submission Status : Published

ACME Group announces Rs 52,474 crore green hydrogen plant in Tamil Nadu.

This will be one of the largest plants in India and perhaps the largest in the world. This plant wil produce green hydrogen and ammonia, which will help de-carbonise sectors as fertilisers, power, regining and steel etc.

 

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : -

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : ET Auto

Other Notification :

Submission Status : Published

The Karnataka Government on Tuesday signed MoUs with the Malaysia-based Petronas and Continental Automotive Components (India) for a total investment of Rs 32,000 crore

 

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : -

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : ET Auto

Other Notification :

Submission Status : Published

“We will invest about Rs 50,000 crore over seven years in the electric vehicles division,” Rajesh Exports executive chairman Rajesh Mehta told ET.

Rajesh Exports plans to launch its own range of electric vehicles in 12-18 months, for which Karnataka has been decided as the investment destination.

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : Manoj Das Mohapatra

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : Economic Times

Other Notification :

Submission Status : Published

Maruti to invest Rs 11,000 cr to set up largest facility at 800-acre site

New plant, with capacity to make 1 million cars in a year, to come up in Haryana

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : Manoj Das Mohapatra

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : Business Standard

Other Notification :

Submission Status : Published

Bajaj Auto has proposed to invest more than ?1,000 crore, which will include investments in a new unit for electric vehicles, under the production linked incentive (PLI) scheme as the leading two and three-wheeler player accelerates plans to widen its electric vehicle (EV) portfolio.

 

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : Manoj Das Mohapatra

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : The Hindu Business Line

Other Notification :

Submission Status : Published

EV maker Earth Energy, which is set to commence deliveries of its Glyde range of e-scooters from early next month, is looking to invest around Rs 100 crore in the next two years as the electric vehicle (EV) demand is going up exponentially.

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : Manoj Das Mohapatra

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : Economic Times

Other Notification :

Submission Status : Published

Tata Motors, the nation’s largest truck maker, has lined up an investment of more than $1 billion (over Rs 7,500 crore) in the coming 4-5 years to recraft its road map for the commercial vehicle business, with electric vehicles at its core.

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : Manoj Das Mohapatra

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : Economic Times

Other Notification :

Submission Status : Published

Maruti Suzuki is lining up the country’s largest single-location automobile investment as it plans to pump in up to Rs 18,000 crore for a new factory premises in Haryana, which may have a peak annual capacity of 10 lakh units.
 

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : Manoj

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : TOI

Other Notification :

Submission Status : Published

With an objective to create the next generation of mobility solutions, the country's largest two-wheeler maker Hero MotoCorp said it will invest Rs 10,000 crore over the next 5-7 years.

In a regulatory filing, Pawan Munjal, Chairman, Hero MotoCorp said, “Over the next 5-7 years, we are aiming to create the next generation of mobility solutions that are relevant to customers across the world. To this end, we have earmarked an investment of Rs 10,000 crore along with our ecosystem, which will be utilised towards research and development of alternative mobility solutions, modern, state-of-the-art, sustainable manufacturing facilities, network expansion, and brand building across the globe.”

As we enter a new decade, we are aiming at ushering in the next wave of mass mobility that is accessible, convenient and environment-friendly, which is aligned with our rejuvenated Vision of ‘Be The Future of Mobility’, he added.

 

IndiaAutoConnect.in

Source: Economic Times

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : Jasleen Kaur

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : Economic Times

Other Notification :

Submission Status : Published

Maruti Suzuki India, the country’s largest passenger carmaker, said it will invest ?4,000 crore this year on new product developments and plant renovations. The company aims to sell around one-million cars of smart hybrid, strong hybrid and electric vehicles in this decade.

Mission Green Million is the company’s commitment to bring advanced powertrain technologies for Indian customers. In this mission, ‘Make in India’ will be the company’s core philosophy. S-CNG and Smart Hybrid technologies on Maruti Suzuki cars have seen huge acceptance by customers.

IndiaAutoConnect.in

Source: Hindu Business Line

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : Jasleen Kaur

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : Hindu Business Line

Other Notification :

Submission Status : Published

The slowdown has forced the Indian auto component industry to hold at least $2 billion (about Rs 14,330 crore) investment planned for this year. Investments in capacity expansion have been put on hold but the industry is still doing certain investments in innovation. The industry has invested about Rs 90,000-110,000 crore in switchover to the more stringent BS-VI emission norms, which will come into effect from April 1, 2020, and that of this amount the auto component industry has invested about Rs 30,000 crore.

If we talk about a $57 billion dollar auto component industry, usually the investment ratio is close to 1:3 or 1:4, so to generate additional revenue, considering the industry grew at about 14% last year, this investment could be $2 billion that has been put on hold.

Echoing the sentiment, leading auto component maker JBM also said that investment has been put on hold. Several other companies, including Shriram Pistons & Rings, have also shelved their investment plans

IndiaAutoConnect.in

Source: Economic Times

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : Jasleen Kaur

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : Economic Times

Other Notification :

Submission Status : Published

Piaggio Vehicles will invest about Rs.300 crore in next three years in India on product and technology development, which includes the key transition to the Bharat Stage VI (BS-VI) by the end of the year.

The bulk of the investment would be towards diesel and alternative fuels such as CNG and LPG with the priority being converting their range of two-wheelers and commercial vehiclesto comply with BS-VI norms. 

IndiaAutoConnect.in

Source: The Hindu

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : Jasleen Kaur

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : The Hindu

Other Notification :

Submission Status : Published

Mahindra & Mahindra has raised its investment forecast for the next three years by 20%, as the SUV and tractor manufacturer expects the current slowdown to end soon and growth to return strongly to the market.The Mumbai-based automaker will now invest Rs 18,000 crore during the fiscal 2020-22 period, compared with its previous plan of Rs 15,000 crore. This will be towards capacity expansion, adding new products to both its farm and automotive portfolios and to make investments in areas where it sees opportunities.

The company that declared its fourth-quarter results which also predicted better growth in both passenger vehicle and commercial vehicle segments than the forecast of 3-5% and 10-12%, respectively, by the Society of Indian Automobile Manufacturers for fiscal 2020. Mahindra estimates the tractor industry to grow 5% in the current fiscal year.

About three years back, Mahindra had spoken about the Phase 2 investment at its Chakan facility on the outskirts of Pune, Maharashtra, which is currently underway. This will call for Rs 4,000-5,000 crore investment.

IndiaAutoConnect.in

Source: Economic Times

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : Jasleen Kaur

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : Economic Times

Other Notification :

Submission Status : Published

VE Commercial Vehicles, India’s fourth-largest commercial vehicle maker, plans to invest more than Rs 2,000 crore in the next three years to enhance capacity and expand its product portfolio. Besides annual capital expenditure of Rs 500 crore for the next three years, VECV will be investing an additional Rs 600 crore in the new plant. The company, however, was non-committal on the cumulative investment.

Engine output is being expanded from 50,000 to 75,000 units to meet Volvo’s global needs. And once the new plant is commissioned, VECV’s capacity will be increased from 90,000 units to 140,000 units.

A strong challenger in the light and medium duty truck segment with 33% market share, VECV has remained a marginal player in the heavy duty truck segment with a small 5% market share. The company is banking on the two new launches to help boost volumes. They expects the heavy duty truck volumes to grow 50% to 1,500 units a month this financial year.

IndiaAutoConnect.in

Source: Economic Times

Presented By :

Designation :

Organisation Name :

Programme Name :

Venue :

Country :

City :

Reference :

Keyword :

Embedded Code :

Notification Issued By :

Ministry State :

Ministry :

Notification Status :

Notification Number :

Link Notification :

Compiled By : Jasleen Kaur

SIAM Coordinator :

Official :

Department Organisation :

Price :

Source : Economic Times

Other Notification :

Submission Status : Published