Government think-tank Niti Aayog has outlined a vision to shift 100% of commercial vehicles used for intra-city transport and 40% of personal vehicles to an all-electric mode by 2030.
The price increase ranges from Rs 1700 to Rs 17000. The company sells a host of models ranging from small car Alto to utility vehicles Vitara Brezza and S-Cross.
Motherson Innovations Company Limited(MI) – a subsidiary of Samvardhana Motherson Automotive Systems Group B.V.(SMRPBV) - will hold majority share in the JV.
The Traffic Management System (TSMS) will be set up on a 14 km-stretch along the Ring Road from Dhaula Kuan to Sarai Kale Khan.
The resources earmarked are for developing the first phase of the unit, for which the company has procured 200 acres of land from the state government.
This is the third straight year that Mercedes Benz has emerged as the leader in the luxury car market in India.
Small car Alto continued to dominate the sales chart, reporting sales of 2,57,732 units in 2017, followed by the DZire, Baleno, Swift and WagonR, in that order.
Demand for daily groceries and home and personal products peaked in the year ended November with 9% volume growth, the most since 2010.
The acquisition will allow SAMIL enter a new vertical - sheet metal parts with a focus on hot stamping - a light-weighting technology for high strength sheet metal parts.
After Modi govt said it would replace its entire fleet with e-cars by 2030, about a dozen car makers have begun preparations for the inevitable on war footing.
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