SEAnews 2015-09-16 ArtNo.45499

【Chennai】Renault-Nissan has said negotiations are on with the Tamil Nadu government over Rs 2,900 crore in incentives due to the carmaker.
　Guillaume Sicard, president, Nissan India, tells TE Narasimhan in an interview he is optimistic the issue will be sorted out soon. Regarding the proposed Rs 5,000 crore investment, he said, "When a manufacturer decides to invest, it is not only for capacity. It can be for technology, products, engine, gear box, body type and others. The capacity will be small, the bigger share will be in product development."

○30% of GM India's business would be from exports

【Gurgaon】Struggling to increase its market share for the last few years, GM India is putting in place a new strategy to double its share in the next five years.
　This includes new models, more exports, high volumes and better customer experience. Arvind Saxena, president and MD, GM India, in an interview with Hrishikesh Joshi reveals his plans.

○Jaguar Land Rover may have scrapped Saudi plans

【Mumbai】Tata Motors-owned Jaguar Land Rover (JLR) might have scrapped its plans to build an assembly facility in Saudi Arabia, even as the two brands face the toughest slowdown since their takeover.
　According to a report in the Financial Times, quoting unnamed sources, Jaguar Land Rover's Saudi plan, codenamed Project Fern, is “dead and buried”.

【News source】

We invest in Tamil Nadu, nowhere else: Guillaume Sicard

30% of GM India's business would be from exports: Arvind Saxena

JLR may have scrapped Saudi plans

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