Hinduja Group on Monday said it would invest Rs 1,200 crore (Rs 12 billion) in property development business
The joint venture of Ashok Leyland and Nissan for manufacturing light commercial vehicles would become operational during the current financial year, executive vice-chairman of Hinduja Group India Subir Raha said.
Cannes jury member Aishwarya Rai was the star at the party hosted by the IN Network.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
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