The business enterprise Mahindra & Mahindra in the recent days has signed a memorandum of understanding with Maharashtra government with the objective of expanding investment in its imminent Chakan project. To the latest information the company is determined to invest a sum if Rs. 1,500 crore, besides the Rs 2,500 crore already invested. The total amount of Rs 4,000 crore will be utilized for bot..
The large-scale, production-line manufacturing of affordable automobiles was debuted by Ransom Eli Olds at his Oldsmobile factory in 1902. This assembly line concept was then greatly expanded by Henry Ford in the 1910s. Development of automotive technology was rapid, due in part to the hundreds of small manufacturers competing to gain the world's attention. Key developments included electric ignition and the electric self-starter (both by Charles Kettering, for the Cadillac Motor Company in 1910-1911), independent suspension, and four-wheel brakes.