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    Karnataka government offers tax sops to HMSI's two-wheeler plant

    23.02.12

    Honda Motorcycles & Scooters India

    The Karnataka Government has reportedly offered tax concessions to Honda Motorcycle and Scooter India (HMSI) for its investments in Narsapur in Kolar district. HSMI is investing about Rs 1,300 crore in the State to set up a two-wheeler
    Source: Wheels Unplugged

    Karnataka demands jobs for locals at Honda's Kolar plant

    23.02.12 Two-wheelers.

    The company has promised to provide direct employment to 3,200 persons and indirect employment for about 15,000 persons.

    “The cabinet has agreed to waive 40% VAT for the first 10 years and allow the company to consider it as interest-free loan. The company would have to start repaying the loan from the eleventh year of its operation.


    Source: Daily News & Analysis

    Atul Auto gets a foothold in the three-wheeler market

    23.02.12

    Mumbai: Atul Auto Ltd, the relatively little-known Gujarat-based maker of three-wheeled passenger and goods carriers, has seen a small gain in marketshare in a segment that has bigger and more established rivals such as Bajaj Auto Ltd, Piaggio Vehicles Pvt. Ltd and Mahindra and Mahindra Ltd.

    File Photo


    Source: Livemint