Automobile Sector Current Affairs, GK & News
CNG, LNG, 98 other advanced techs included under auto PLI scheme
The Union government added more than 100 advanced technologies, including alternate fuel systems like compressed natural gas (CNG) & Liquified natural gas (LNG) under the production-linked incentive (PLI) scheme for automobiles. Key Facts Now the scheme will also cover Bharat Stage VI compliant flex fuel engines, advanced driver assist system, e-quadricyle and electronic control units ..
Month: Current Affairs - November, 2021
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
Topics: Automobile Sector • PLI Scheme • PLI Scheme for Auto industries • Production Linked Incentive (PLI) • UPSC
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 for the auto sector seeks to overcome the cost disabilities of the industry for manufacturing ..
Month: Current Affairs - September, 2021
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
Topics: Automobile Industry • Automobile Sector • Champion OEM Incentive Scheme • Component Champion Incentive Scheme • PLI scheme for Automobile • Production Linked Incentive (PLI) • production linked incentive scheme
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. ..
Month: Current Affairs - April, 2020
Category: Reports & Indexes Current Affairs
Topics: Agriculture • Automobile Sector • CII • Confederation of Indian Industries • E-commerce • Food Processing Sector • labour intensive sector • lock down • manufacturing
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 ..
Topics: Automobile Sector • Mahindra & Mahindra • manufacturing sector in India
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 ..
Month: Current Affairs - January, 2020
Topics: Automobile Sector • BS-VI • Government of India • Society of Indian automobile manufacturers • Vehicles