Auto mobile Sector Current Affairs, GK & News

Union Government imposes anti-dumping duty on Chinese auto parts

The Union Finance Ministry has imposed anti-dumping duties on imported Chinese auto parts used in commercial vehicles for a period of five years. Decision in this regard was taken following recommendations of the Directorate-General of Anti-Dumping and Allied Duties (DGAD). Chinese items like Front-axle beam and steering knuckles meant for heavy and medium commercial vehicles ..

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Hero Motocorp to buy assets of bankrupt US Company

India’s largest two-wheeler manufacturer Hero Motocorp’s wholly owned subsidiaries in U.S is to buy certain tangible and intangible assets worth of USD 2.8 million of U.S based Erik Buell Racing (EBR). This purchase is a part of the settlement deal with court-appointed receiver in the bankruptcy matter. The two subsidiaries Hero Moto Corp Ltd (HMCL) Americas, ..

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