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Friday, 9 September 2011

Rs 2.1 lakh cr is to be generated in FY'12 by Indian automobile industry

NEW DELHI: The Parliament was informed today that the Indian automobile industry in this fiscal year is expected to generate a turnover of up to Rs 2,10,000 crore.

Heavy Industries and Public Enterprises Minister Praful Patel said in a written reply to the Lok Sabha that the cumulative growth rate of automobile and component industries during the last two years stood at double digits, raising the figures given by Society of Indian Automobile Manufacturers (SIAM). Vcommindia News

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