Volkswagen, Domestics Plan Big India Investment

Newswire

NEW DELHI, Aug 28 (Reuters) - India's Tata Motors Ltd and German carmaker Volkswagen AG are among carmakers that have agreed to invest a total of 115 billion rupees ($1.9 billion) to expand their manufacturing capacity in the western state of Maharashtra. The investments would be made under the state government's industrial project policy, which was initiated in 2005 to boost investment in the manufacturing sector. Tata Motors, India's top automaker by revenue, and Mahindra & ...

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