Automobile Sector
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 ..
Month: Current Affairs - November, 2021
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
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 ..
Month: Current Affairs - April, 2020
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 ..
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 ..
Month: Current Affairs - January, 2020
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 ..