You are here: Home » Companies » News » Automobile
Business Standard

Carmakers urge stable Indian policies to foster investment

Hyundai has dropped its plan to launch hybrid cars, will now look at bringing EVs in India

Reuters  |  New Delhi 

After 18 months of sudden rule changes that left many carmakers scrambling, some of the industry's largest players are calling on the government to set clear, stable policies - or face the risk of delays to major investment. India is one of the world's fastest-growing car markets, and getting more companies to manufacture in India - both for its own market and for export - is critical for the Prime Minister Narendra Modi's government, which needs to create millions of new jobs each year as the workforce expands. Executives at automakers like Volkswagen, Hyundai Motor ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, September 09 2017. 01:17 IST