27
Friday
April 2018
2:03 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
SAIC’s MG Motor India to invest Rs5,000 crore in next six years
 
(New Delhi, Mar 19, 2018):MG Motor India, a subsidiary of Chinese automobile manufacturer SAIC Motors, on Monday announced its decision to invest Rs5,000 crore over the next six years in the Indian market.

The company will launch its first product in the Indian market by the second quarter of 2019 and will subsequently launch one product every year till 2021.

The Chinese manufacturer will also venture into developing electric vehicles in India since it already boasts of the requisite technology.

MG Motor has also started inviting prospective dealers to its roadshows scheduled to be held in Mumbai on 28 March, in Delhi on 6 April and in Bengaluru on 16 April.

“Led by strong R&D efforts of its parent company SAIC, MG Motor India is also actively considering offering new energy vehicles and is keenly looking to work with all stakeholders involved to implement the technology commercially,” the company said in a press release.


Monetise Air India assets rather than selling stake: SJM to govt
With Fuel Prices Hitting the Roof, Govt Asks Oil Companies Not to Increase Rates: Report
PM Modi flags off Indian Railways' first high speed electric locomotive in Bihar
Axis Bank stock rises 4% after Shikha Sharma's tenure shortened
It's for RBI to decide on Chanda Kochhar's term at ICICI Bank: Finmin
Crisis-hit Deutsche Bank pushes out British CEO
Highlights of RBI monetary policy
Honda India Recalls Activa 125cc, Grazia and Aviator Scooters
Ratnagiri refinery: Pradhan says open to offer majority stake to Aramco
Telcos' pre-tax losses widen to Rs 38,153 cr in 2016-17
India to be ready with 5G roadmap by June: Tel Secy
Sensex, Nifty turn choppy on weak global cues
Facebook says sorry for data breach scandal in British newspaper ads
Global trade facing challenges,India needs to boost exports: Prabhu
Havells appoints Shashi Arora as CEO of Lloyd
Markets consolidate gains, Sensex reclaims 33k-mark
Audi to hike car prices by up to Rs 9 lakh from April
RBI sets rupee reference rate at 64.9366 against US dollar
Indians choose travel over shopping, food: Survey
'Panama Papers' law firm shuts down operations
KERALA NEWS
Date for Chengannur by-poll announced
 (Thiruvananthapuram, Apr 26, 2018, DG): After a long wait, the Election Commission has finall  
Now, railway tickets in Malayalam too
Decomposed body of Malayali woman found buried in her house in Sharjah
Confirmed: Decomposed body belongs to Liga
INTERNATIONAL NEWS
Pakistan foreign minister Khawaja Asif disqualified as member of Parliament
 (Islamabad, Apr 27, 2018):The Islamabad High Court today disqualified Pakistan's foreign mini
Nigerian Senate Summons Country's President
US warns migrant 'caravan' against trying to enter
Democratic lawmakers oppose ending work permits for H-1B spouses
NATIONAL NEWS
HC rejects Rajiv case convict's plea for release
 (Chennai, Apr 27, 2018): The Madras High Court today rejected Rajiv Gandhi assassination case
Google doodle remembers Hindi poet Mahadevi Varma
Sanji Ram planned Kathua girl's murder to save son: investigators
Indu Malhotra takes oath as SC judge
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.