Business Daily from THE HINDU group of publications
Saturday, Jan 12, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Saturday, Jan 12, 2008 ePaper | Mobile/PDA Version |
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Corporate
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New Projects Industry & Economy - Automobile Components Delphi-TVS investing Rs 500 cr Bangalore, Jan. 11 Delphi-TVS Diesel Systems said on Friday that it will invest Rs 500 crore in its manufacturing plant as well as in its technical centre in Chennai. The Delphi-TVS President, Mr J.S. Chopra, told newspersons that most of the investments will go into manufacturing common rail systems. With most of the car makers in India planning to manufacture diesel variants even for small cars, Delphi-TVS Diesel Systems expects a huge growth for such systems though at lower costs than els ewhere. Mr Chopra said about 70 per cent of the Rs 500 crore investments will be funded through internal accruals and the rest would be through bank borrowings. Delphi-TVS Diesel Systems is a joint venture between the US-based auto parts’ major Delphi Corporation and the TVS Group. – Our Bureau More Stories on : New Projects | Automobile Components
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