According to a recent article, by 2016, the Chinese consumer durables major Haier will manufacture all of its products in India. This will shield Haier India from the rupee-dollar fluctuations and encourage faster growth. Their 40-acre facility in Pune currently holds imports from China such as refrigerators, televisions, washing machines,...
Auto sales rise 31 percent in 2010, will continue at 15 percent or better in 2011
The Society of Indian Automobile Manufacturers (SIAM) reported that 2010 sales climbed to 1.87 million cars from 1.43 million in 2009, a breathtaking increasing of 31 percent. Car sales are projected to rise to 3 million units a year by 2016, according to SIAM. Growth will not be as high...