subject: ACMA expects 30 billion investment by 2020 [print this page] While the reason behind this was the record sales in passenger cars and two-wheelers, the demand has also been increased with the Indian automobile industry giving its best ever monthly sales in July which included the total vehicle sales growing 32 per cent to 12.4 lakh units. ACMA President Jayant Davar said that this is an alarming situation and it is not good for the domestic industry. They are engaged in a discussion with the government for some safeguard measures such as anti-dumping duty. ACMA has also expressed its plan for investing USD 3 billion every year for the next decade. This will be done in order to meet the growing demand.
