A Sonalika Group company, International Cars & Motors (ICML) is looking at launching a premium car and a sports utility vehicle (SUV) in collaboration with Pininfarina, reports agency sources. Pininfarina is an Italian design house. It is believed that, during the Auto Expo this week, the details of the new product would be known. The company would be using the technology of Pininfarina to launch a world car and a SUV. These new launches are likely to be rolled out from a separate facility at Himachal Pradesh and the work is also believed to be under way for this. It will have a capacity to manufacture 5,000 units a month. However, the investment involved in the project is not yet known.
Also, International Tractors, the flagship company of the group, is increasing its tractors` capacity by 40,000 units to 80,000 units at Bihar, sources said.
Also, International Tractors, the flagship company of the group, is increasing its tractors` capacity by 40,000 units to 80,000 units at Bihar, sources said.
Source: Myiris.com
9th January, 2008