Wednesday, August 2, 2023

Many companies fail to make required investments under auto PLI plan

As many as 95 companies were shortlisted for the PLI scheme for the auto industry. Of these, 20 companies were under the original equipment manufacturer (OEM) category, including Maruti Suzuki and Tata Motors, and 75 companies under the component maker category, including Bosch and Lucas TVS.

from Auto-Industry-Economic Times https://ift.tt/PrhV8p5

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Honda exits Vithalapur, paving way for large-scale industrial city

Honda Cars India Ltd (HCIL) has sold its 380-acre land parcel near Ahmedabad to Mascot Group, marking a major shift in Vithalapur’s industri...