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Top Auto Companies Put Rs. 300 cr Investment On Hold Owing To Diesel Price Rise

Lack of diesel pricing policy has resulted in automobile companies, including the big companies like Maruti, Tata, GM etc are holding up their investments more than Rs. 300 crore in India, according to SIAM.

Hyundai Logo

Hyundai Motors

“Many of the investors are confused. They are in a conflict whether to invest on diesel cars or not because of the chaos for the price of diesel. This resulted more than Rs. 300 crore which is holding back,” informed by Society of Indian Automobile Manufacturers (SIAM) Director General, Vishnu Mathur.

Maruti Suzuki New Logo

Maruti Suzuki

In November, last year, Hyundai Motor India Ltd (HMIL) holded back Rs. 400 crore diesel engine plants which has the capacity to build 1.5 lakh units per annum. The plant is capable of producing three type of engines, like 1.1, 1.4 and 1.6 litre engines for the domestic market.

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