New Delhi: The day after Ford announced the issuance of India, the government said there were more than a dozen existing entities and new entities – looking to invest more than $ 4 billion in the car sector, which would provide further encouragement of domestic production and employment creation .
While companies such as Skoda Auto Volkswagen have announced the expansion of their operations, with an investment of more than $ 850 million (around Rs 6,250 Crore), others such as Kinetic Green Energy want to invest $ 300 million (around RS 2,200 Crore) in electrical mobility of space, source said official.
Others like C4V, a lithium-ion battery technology company, invests more than RS 4,000 Crore, while Japanese NIDEC electricity producers are also evaluating investment of more than $ 200 million.
In addition, Holdings International Bahwan Oman has held talks with the government for a potential investment of around $ 1 billion (Rs 7,350 Crore), once again in the electrical mobility room, which also marks the transition from the automatic initial as an automatic dealer.
Government officials said that India remained an interesting market for car investment, and it was an American business failure such as GM, Harley-Davidson and Ford to enter a very competitive sector.
Five players, who have spoken in talks are still evaluating their plans, but others have moved forward and have started production or starting construction, while there are three who have acquired land.