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Autoline Industries receives credit of Rs 7.22 crore towards Industrial Promotion Subsidy

04 Dec 2012 Evaluate

Autoline Industries has received a credit of Rs 7.22 crore on December 3, 2012 towards Industrial Promotion Subsidy (being 85% of admissible IPS of Rs 8.49 crore for the financial year 2011-12) from Directorate of Industries, Government of Maharashtra for the financial year 2011-12.

Autoline Industries is a manufacturer of pressed sheet metal automotive components and assemblies, and is engaged in design engineering for automotive original equipment manufacturers (OEMs) based in India, the US and Europe.

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