Tuesday, July 10, 2012

India to account for 11 percent of global component market and produce over 30k hybrid CVs by 2020

Research analysts have signaled a changing scene in the Indian auto industry. High fuel prices coupled with uncertainties in diesel regulations and projection of better and greener initiatives by the Government are making companies channel their avenues to bringing out medium to heavy hybrids and more commercial electric vehicles into being. Local auto companies are also tying up with their foreign counterparts in a bid to develop more hybrid and electric powertrains for the Indian market.

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