Automobile Sector: GK, General Studies and Current Affairs

CCI approves joint venture between Mahindra & Mahindra and Ford Motor

February 11, 2020

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 ..

2019 Witnessed Worst-Ever Decline in Automobile Sector

January 11, 2020

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 ..