VM Motori would cater to car manufacturers and other vehicle segments as well. The initial investment is expected to be Rs 88 Crore. Presently the company is scouting for an Indian partner and trying to finalize a partnership deal. The company wants to have an equal presence in north and south India. Another step forward in India’s evolution of turning into a car manufacturing hub.
Engine maker comes to India
India continues to attract hordes of car manufacturers; another Italian firm VM Motori has joined the bandwagon. The company is planning to establish an engine manufacturing facility in India. The total production is estimated to be 40,000 engines annually.
It is nice to know that Indian auto industry is booming with many foreign firms venturing into.India is turning into a car manufacturing center.
India is a favourite market for car, car accessories and car designers etc. Now, even engine makers are heading towards this market. Italian VM Motori is planning to start a engine manufacturing hub in India now.
India id developing in a big way and the growth is remarkable with so many foreign companies pouring in.
This shows that India is capable of and can reach the heights.