Automobile Industry Current Affairs, GK & News

Union Cabinet approves PLI scheme for 10 sectors

On November 11, 2020, the Union Cabinet chaired by PM Narendra Modi approved Production Linked Incentive Scheme for ten sectors. The schemes are worth of Rs 1.46 lakh crores. The GoI had earlier announced the scheme for pharmaceuticals and electronic products alone. Now, upon being extended the scheme is to return several benefits. Key Highlights ..

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Automobiles Sales in India fall for the 9th straight month

As per the data released by the Society of Indian Automobile Manufacturers (SIAM), the sales of domestic passenger vehicles has fallen down by 30.9% in the month of July. This is the 9th straight decline in monthly sales. The domestic production of all passenger vehicles has also fallen by nearly 17% in the same month. ..

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Issues before the Automobile Industry

The Indian auto industry, which is one of the world’s largest (4th largest) with annual sales increasing 9.5% year-on-year to 4.02 million units (excluding two-wheelers) in the year 2017. It also was the 7th largest manufacturer of commercial vehicles in 2018. Current Situation The Two Wheelers segment dominates the Indian market segment in terms of ..

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FDI inflows to India during April-December 2018

The data released from the Ministry of Commerce and Industries shows that the FDI inflows to India contracted by 7 per cent to USD 33.49 billion during April-December in the financial year 2018-19. Key Facts about FDI inflow to India The FDI inflow during April-December 2018-19 at USD 33.49 was 7 per cent lower than ..

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Foreign Direct Investment to India

The Ministry of Commerce and Industry has released the data related to the Foreign Direct Investment (FDI) inflows during April-September 2018-19. The important aspects from this data: The Foreign direct investment (FDI) into India was declined by 11 per cent to USD 22.66 billion during April-September period of 2018-19. The FDI inflows during April-September 2017-18 ..

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