Carazoo Indian Car Blog

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.

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.

Labels: Foreign Investment, Italian

 

posted by Carazoo Blog @ Monday, January 28, 2008 3 Comments