Bosch plans fresh India investment to tap growing vehicle market
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German maker of car parts and electrical household goods Robert Bosch said it would invest 10 billion rupees (217 million dollars) in India to take advantage of the country's fast-growing vehicle market.
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Passenger vehicle sales should strengthen nearly 20 percent by the end of the decade to about 70 million vehicles annually, spurred by growth not only in developing markets
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The world's top automakers used one of the industry's biggest stages to roll out their latest cars and trucks, at the same time pledging to use the fresh offerings to attract greater numbers of new customers and expand their businesses.
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DÃSSELDORF, GERMANY - Siemens AG plans to hire an additional 1,000 software engineers in India this year in an ongoing effort to expand its research and development (R&D) activities in growth markets.
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The Indian company said that it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover, confirming what investors and analysts have anticipated for months.
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India's launch of the world's cheapest car will spur creation of a vast new market segment in the nation of 1.1 billion people where the auto sector is already red hot, analysts say.
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Suzuki Motor Corporation has lined up investments of $191 million (Rs 860 crore) to ramp up capacity in its Indian subsidiary Maruti Udyog Ltd.
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South Korean car maker Hyundai is to build a second plant in India, in an effort to increase sales in a rapidly-growing market.
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India's Tata Communications Ltd. said Wednesday it plans to invest $2 billion over the next three years to fuel global expansion.
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A boost for India's offshore-development industry, move is intended to help Sony's European wing focus on core activities.
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Honda is planning to open car factories across the world to meet fast-growing demand outside Japan.
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Cisco Systems plans to have one-fifth of its top executives in India by 2012, in line with its plan to make India the hub for the development of technologies and new business models for emerging markets.
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Passenger vehicle sales should strengthen nearly 20 percent by the end of the decade to about 70 million vehicles annually, spurred by growth not only in developing markets but in the United States and Europe, the chief executive of BMW AG  said on Monday.
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Global car giants announced ambitious plans to grab a bigger slice of India's fast-growing market as they geared up for a vehicle show featuring the launch of the world's cheapest car.
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GM is set to announce a wide-ranging plan to attract new buyers, potentially including extending car warranties.
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Networking giant Cisco Systems this week announced plans for increased investment in Asia, including a new research and development facility in China and a venture investment program in India.
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Plans to outspend Boeing in India could mean more commercial and defense business in the country.