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Auto sector sourced 50% parts locally, says minister – ET Auto

Baua Electric

The Indian automobile sector was able to source almost 50% of required auto parts from domestic markets under the INR 26,000 crore Production-Linked Incentive (PLI) scheme, said Union minister for heavy industries Mahendra Nath Pandey on Tuesday. India has emerged as the automotive powerhouse and the world is looking at us.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

Yes GM will lose $ on the Volt, just like the first Insights or Priuss, but unlike Toyota or Honda, they just cant afford to wait for it to catch on and become profitable. JUST TRYING TO MILK and Suck as much from the fall of the Auto industry as possible. Its a damn shame. it is over, the media!, it is over, the media!,

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