Ford had signed an MoU with the Tamil Nadu government in September last year, under which it would invest an additional Rs 1,500 crore to expand the facility.
Asia Motor Works Ltd (AMW) is targeting a sales turnover of Rs 1,000-crore by the end of the current financial year and is confident of achieving it, according to Mr Anirudh Bhuwalka, CEO and Managing Director.
A long line of car dealers including America’s largest auto retailer AutoNation and UK-based multinational chain Inchcape is trying to get through to India, the world’s fastest growing car market after China.
Outlining an aggressive plan, Nissan Motors India managing director and CEO Kiminobu Tokuyama said the company will have nine car models in India by 2012, five made in India and the remaining to be imported from Japan. Speaking to reporters at the inauguration of a Nissan Motor dealership here, Mr Tokuyama explained they already have [...]