Hindujas, the UK-based NRI business conglomerate, have not ruled out the possibility of making passenger cars, according to media reports. "We are not averse (to making cars) and are open to investments in that sector", Hinduja Group chairman Srichand P Hinduja said to media. Currently, the group is stepping up its commercial vehicle manufacturing business in the country. The report said the group's flagship company Ashok Leyland has already announced its expansions plans to manufacture 1-lakh LCVs at a Greenfield facility being set up near Chennai.
Earlier, media reports said that the group plans to set up nuclear power plants in India after the government opens the sector to private players. The group had already concluded talks with overseas companies for technological and related support, it was said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.