Fresh investments in motown may cross $4 bn; auto firms in talks with govt

Some 13 auto firms have been in talks with govt for setting up business in India

A day after American carmaker Ford announced it was shutting manufacturing plants in India, government officials said the country’s automotive industry was still a preferred destination for investments. The industry is expected to attract investments worth $4.4 billion from a clutch of deals that are in various stages of making, a senior official said on Friday.
 
Over the last year-and-a-half, as many as 13 global and domestic automobile companies including Skoda-Auto-Volkswagen, Yazaki Corporation, Ola Electric, Bahwan International Group, Kinetic Green Energy, Tesla, among others, have evinced interest in setting up business in India with an indicative investment of $4.4