Tag: investment
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500 Cr for development of a manufacturing base for electric vehicles in India
FAME Phase II has proposed setting up of a venture capital fund of INR 500 Cr for development of a manufacturing base for zero-emission vehicles and their components, taking prototypes to manufacturing, and development of R&D among others. As many as 136 startups related to electric vehicles already existin India. “In order to support such…
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The global automotive aftermarket is expected to reach $722.8 billion by 2020
According to recent report, In USA, there is still 75% of aftermarket auto repair is performed by independent auto repair shops while 25% of the business lives with dealerships. The average length of vehicle ownership for new and used vehicles has increased 60% in the last ten years. Although Americans may be buying newer vehicles,…
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India’s growth drivers are still positive – meriCAR Investors
In 2008,, there is less investment by PE-VC in India. Yet, investment activity in India is likely to rebound fater than in western markets. India’s growth drivers are still positive — (source; outlook business, PE’s here to stay – by Rajiv Memani, Ernst & Young). When car manufacturer have stopped production, some have shut down…