Apr. 1 – Two of India's heavy weight auto makers seperately announced on Monday that they would be pumping in Rs 75 billion (US$1.9 billion) into India's already booming auto sector.
While Ratan Tata controlled Tata Motors pledged to invest Rs 60 billion (US$1.5 billion) into ramping up their existing manufactuing unit and building a vehicle testing facility over 4-5 years at Chakan, near Mumbai, Mahindra & Mahindra promised the Maharashtra government they would invest Rs 15 billion (US$375 million) in addition to to the Rs 25 billion (US$625 million) that they have already earmarked to make commercial vehicles at a greenfield site at Chakan. The total sum of Rs. 40 billion (US$1 billion) will be utilized towards the development and production of all vehicles slated to be rolled out from the proposed Greenfield.
The investment by Tata Motors is the single largest investment by the automobile sector in the state.
Mar. 28 – Besides its booming economy, skyscrapers streaching their arms higher, bustling cities and zooming stock market, India has a lot of culture to offer the world.
With Vande Mataram, India's national song as the background score, this video portrays modern day icons in India – monuments, beaches, sports persons, animals, film stars and food, giving an interesting and fascinating glimpse into the heart of this 21st century nation.
To watch the video click on the picture –
Mar. 26 – Making auto history yet again, Ratan Tata inked a multi-billion-dollar deal with ailing U.S. automaker Ford to buy luxury British icons Jaguar and Land Rover. Signed and seal on Tuesday the deal will be officially delivered to the press on Wednesday. Both Jaguar and Land Rover are expected to be sold to Tata Motors for US$2.3 billion.
Tata Motors is India's top vehicles maker, controlling more than half of the country's truck market and nearly 20 percent of its passenger car market, and is keen to expand beyond Asia. With this latest acquisition Tata motors is positioned to cater to Indians across economic strata’s, placing himself in the unusual position of making two of the world's most prestigious brands along with its least costly cars (Nano).
Mar. 25 – Come April and India will surpass the United States to become the second largest subscriber base in mobile telephony. The Telecom Regulatory Authority of India (TRAI) on Monday announced that on an average, India with 250 million subscribers adds eight-nine million subscribers per month, while the United States which has 256 million subscribers adds two-three million subscribers per month, at this rate, India will for the first time surpass the United States by the begining of April.