Automobile Sector Current Affairs, GK & News

CII Report: “Exit from Lock Down”

The Confederation of Indian Industries recently published its report “Exit from Lock Down”. Under the report, the confederation suggests slow and staggered approach of reopening of industrial sectors. Key Highlights of the report The Report suggests classification of geographies as red, amber and green. This should be done based on the incidence of COVID-19 cases. ..

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CCI approves joint venture between Mahindra & Mahindra and Ford Motor

The Competition Commission of India (CCI) has recently approved the formation of Joint Venture (JV) between Mahindra & Mahindra and Ford Motor and the transfer of automotive business of Ford India to the JV. The new venture to be formed would acquire the automotive business of Ford India Pvt Ltd (FIPL), which is a wholly-owned ..

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2019 Witnessed Worst-Ever Decline in Automobile Sector

The sales of the Automobile Sector declined 13 percent in every category with segments such as passengers’ cars, two-wheeler, and commercial vehicles. On a yearly basis, the sales across all the counters have declined by around 14 percent to 2,30,73,438 units as against 2,67,58,787 in the previous year quarter. According to the Society of Indian ..

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NuGen Mobility Summit 2019 to be held in Manesar, Haryana

The three-day NuGen Mobility Summit 2019 will be held in Manesar, Haryana from November 27 to 29, 2019. It will be organized by International Centre for Automotive Technology (ICAT), Manesar based on the theme “Smart & Green Mobility” to find alternative mobility solutions to problems like pollution emanating from vehicular emissions. It will be inaugurated ..

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NITI Aayog’s concerns on Vehicle Scrappage Policy

The Ministry of Road and Transport Highways recently released Draft Guidelines for Vehicle Scrapping Facility. The guidelines include land requirements, scrapping procedures, criteria for scrapping of vehicles. It applies to all automobile collection centers, vehicle owners, required audits and finances. The federal policy think tank on November 21, 2019, raised concerns on implementation of the ..

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