Automobile Sector Current Affairs, GK & News
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 ..
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 ..
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
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. ..
Category: Reports & Indexes Current Affairs
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 ..
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 ..
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 ..
Category: India Nation & States Current Affairs