Automobile Industry
PLI scheme for Automobile, components manufacturers
Union Government notified regarding the Production Linked Incentive (PLI) Scheme for Automobile & Auto components on September 23, 2021. Highlights Earlier government had approved the PLI Scheme for Automobile and Auto Component Industry on September 15, 2021. The PLI Scheme ..
Month: Current Affairs - September, 2021
Govt. approves PLI Scheme for auto, auto-components and drone industries
Union Cabinet has approved a Rs. 26058 crore production linked incentive (PLI) scheme on September 15, 2021, for auto, auto-components and drone industries in order to enhance India’s manufacturing capabilities. Highlights PLI scheme will help in incentivising the emergence of ..
Month: Current Affairs - September, 2021
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 ..
Month: Current Affairs - November, 2020
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 ..
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 ..
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 ..