International Finance Corporation (IFC), a member of the World Bank Group, plans to invest €135 million in Volkswagen India's plant in Pune.
Under the proposed deal, IFC will provide a loan of up to €60 million from its own account and a syndicated loan of up to €75 million.
It should be noted that Volkswagen India's has recently inaugurated its plant at Chakan. The facility which is being set up at a cost of €580 million has a capacity of 1.10 lakh units a year.
A Special Edition of the blockbuster saloon from Mercedes-Benz India - Special Edition E-Class - has been launched exclusively to cater to the Indian markets! The automaker intends producing just 192 of these cars, which have been tailored to meet Indian style preferences, in order to maintain the car's distinctiveness!
With the Pune-based Automobile Research Association of India testifying that the Tata Nano consumes less fuel, in comparison to the other available economical small car models, market leader Maruti Suzuki has lost its thus-far-unchallenged position as the manufacturer of the most fuel-efficient car!
Pune, Apr 4 : Grape growers in Maharashtra are loosing their business due to wineries canceling their contracts as a consequence of declining demand for Indian wines.
In 58 wineries of Maharashtra, the wine produced last year is still lying unsold. As a result, the wineries have reduced production. The farmers are unable to even get Rs. 24-30 per kg for grapes, which they were getting earlier.
Pune, Apr 11 : Maharashtra police on Saturday arrested a sharp-shooter of underworld don Dawood Ibrahim.
International Finance Corporation (IFC), a member of the World Bank Group, plans to invest €135 million in Volkswagen India's plant in Pune. 
A Special Edition of the blockbuster saloon from Mercedes-Benz India - Special Edition E-Class - has been launched exclusively to cater to the Indian markets! The automaker intends producing just 192 of these cars, which have been tailored to meet Indian style preferences, in order to maintain the car's distinctiveness! 
With the Pune-based Automobile Research Association of India testifying that the Tata Nano consumes less fuel, in comparison to the other available economical small car models, market leader Maruti Suzuki has lost its thus-far-unchallenged position as the manufacturer of the most fuel-efficient car! 
Pune, Apr 4 : Grape growers in Maharashtra are loosing their business due to wineries canceling their contracts as a consequence of declining demand for Indian wines.
