Manufacturing Of Electrical Automotive Component And Bike Parts

In September 2009, Ford Motors announced its plans to set up a plant in India with an annual capability of 250,000 automobiles, for US$500 million. The vehicles have been manufactured both for the Indian market and for export. The firm said that the plant was a part of its plan to make India the hub for its international manufacturing enterprise. Fiat Motors had introduced that it would source more Automotive news than US$1 billion worth auto components from India. In 2006, the government of India imposed a brand new tax construction, which massively impacted the section. It enables automobiles shorter than four.0 metres (157.5 in) to qualify for a significantly decrease excise duty, which is 8 % as opposed to 20 % for longer autos.