Business Events Which Made Headlines In 2012

14. Renault Launches Duster on July 4

One more name was added to the list of sports utility vehicles, SUV in India. Renault, the French auto manufacturer launched its mid-sized SUV “Duster” this year in India. The price ranges from 7.19 lakhs to 11.29 lakhs with a perspective to increase volume in the Indian Market. Within a month the company received 10, 000 orders prior to the launch, Forcing Renault to gear up its production.

15. Sahara buys New York's Plaza Hotel on July 30

The majority stake of the 105 years old Plaza Hotel of New York is owned by Indian multinational Sahara India Priwar. Sahara bought the stake worth $570 million from Israeli real estate company El Ad US Holding Inc. The deal will provide Sahara India Pariwar a 75 percent interest in the Plaza Hotel with adjoining retail space.

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16. India Blacks Out On Consecutive Days - July 30, 31

It has all the elements that make a beautiful disaster story. The two consecutive power cuts in India completely jumbled up the economic and social system in India. Over 370 million people in seven states including Delhi faced power cut for several hours. The crisis rose when the northern grid collapsed on 30th July. On 31 July the eastern and north-eastern grids also collapsed dragging 19 more states into the blackout.

17. India Gets Its Costliest SUV, Evade, at 8.5 crore - August 22

The India auto market witnessed introduction of many luxury cars over the years, but EVADE no doubt ranks number one. Conquest Vehicles Inc introduced the EVADE that is the first unarmored SUV in India. The luxury car is priced 8.5 crores including all duties that makes EVADE the costliest SUV in the Indian market.

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