New Delhi: Auto component maker Lucas-TVS will invest up to Rs. 400 crore by next two-three years in order to swell capability and product growth. It is also planning to establish new constructing units in Indonesia and Thailand.

Arvind Balaji, Lucas-TVS Vice- President, said, “We will invest up to Rs. 400 crore over the next two-three years in R&D, manufacturing and capacity building.”

New Delhi: Auto market head Maruti Suzuki thinks that the Rs 1-lakh car projected by Tata Motors is more a threat to two-wheeler makers than car manufacturers.

While addressing stockholders at its yearly general meeting, the company emphasized that a broader product range and new investments will push Maruti’s enlargement in Indian market.

Bangalore: Zicom Electronics Security Systems intends to open 180 exclusive retail outlets in India by the next 30 months. The company is also eying sales in the Middle East countries, Sri Lanka and Bangladesh.

Santonu Choudhury, Zicom CEO, said Zicom presently has 20 outlets in India and 50 shops-in- shops in big stores and malls.