SIAM provides opportunity for investment announcements

Apart from these announcements, the SIAM ( Society of Indian Automobile Manufacturers

) on Thursday announced that all its members would start disclosing the fuel efficiency ratings of all their models from October 1, 2010.First of all, Sona Koyo Steering Systems Ltd, the steering product manufacturer, announced its plan of investing Rs 800 million by January. This investment will be done for capacity expansion of the company's products, said Surinder Kapur,chairman,Sona Koyo Steering Systems Ltd in SIAM's on going convention. He also added that Sona Koyo Steering Systems Ltd hopes that its FY11 sales will rise to 20 per cent because demand for components is rising in buoyant auto industry.

SIAM provides opportunity for investment announcements

By: Cardekho2010

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