Posts Tagged ‘indian automobile industry’

This just proves what we have been telling you all along. Indian automotive industry is poised for bigger, better things in the near future.

In a bid to boost new business opportunities, Australia is aiming to enter into a formal tie-up with rapidly growing Indian auto companies. If such a thing happens, the Kangaroo country’s world class firms will be able to put up their show in world’s second fastest growing auto markets. And India, in turn will be benefitted with Australia’s innovative green technology.

Multi-billion-dollar Australian auto industry has already taken up the initiative by sending their Minister for Innovation, Industry, Science and Research, Kim Carr, on a three day visit to India. Carr said that Australia was looking forward to make closer tie-ups between their innovative automotive corporations and the Indian companies.

He said, “With the help of the Australian Government’s ‘a New car plan for a Greener Future’, our auto industry has not only survived the global economic downturn but is transforming and becoming a world leader in new technology.”

Enthusiastic Carr further pointed out the benefits of Innovative technology that the country would get from this alliance. The Indian auto majors and related companies can take advantage of the newly introduced R&D Tax Credit Legislation for up scaling their product sales and manufacturing part, he added.

After discussing some crucial points with utility car leads Mahindra & Mahindra and Tata Motors, the minister said, “This expertise makes our companies attractive partners for international companies including India.”

He continued to extoll on the profit that the Indian auto companies could get from the collaboration. The subcontinent’s auto firms can take the benefit of the opportunity as Indian auto industry desires new vehicle designs, building process and low emission technologies, and Australia is an ideal country to help them out with its innovative technology, he added.

SOURCE: (Car Trade India)