India: Investments in auto sector to reach Rs2.5tr

Indian minister for Heavy Industries and Public Enterprises Praful Patel expects investments in the Indian automotive industry to reach around Rs2.5tr (US$56.17bn) in the next decade. By this time, the country's four-wheeler segment is expected to reach ten million units annually. "There will be significant investment worth Rs2.5tr in the next It’s time to log … Continued

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• July 15, 2011