Automobiles Current Affairs, GK & News

State of Automobile Industry in India

The Indian Auto Industry is in a really bad shape right now as cars have plummeted over 30% year on year and this has to lead to manufacturers to cut back on production. A cut-back means that job-losses are inevitable. As per Industrial estimates, over 3.5 lakh jobs have been lost in the downturn and ..

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Issues before the Automobile Industry

The Indian auto industry, which is one of the world’s largest (4th largest) with annual sales increasing 9.5% year-on-year to 4.02 million units (excluding two-wheelers) in the year 2017. It also was the 7th largest manufacturer of commercial vehicles in 2018. Current Situation The Two Wheelers segment dominates the Indian market segment in terms of ..

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Electric Vehicles in India

India is an oil deficient country. It is thus forced to import most of the crude oil it uses ( nearly 80%) from other countries. This creates a problem for India, both fiscally and for domestic security. The government is exploring various methods like ethanol blending, improved oil recovery from Indian Oil fields and adding ..

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Yoichiro Ueno appointed as President and CEO of Honda cars India

Yoichiro Ueno has been appointed as new President and Chief Executive Officer (CEO) of Honda Cars India by its parent Honda Motor Company. He will succeed Katsushi Inoue who was elevated to the position of Chief Operating Officer (COO) of the company for Regional Operations (Europe region). Prior to this appointment, Yoichiro Ueno was the ..

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CCI imposes Rs. 420 crore fine on Hyundai for anti-competitive practices

The Competition Commission of India (CCI) has imposed fine of 420 crore rupees on the local unit of Hyundai Motor Co. The fined was imposed after CCI investigation had found that Hyundai was engaged in anti-competitive practices. The fine imposed on Hyundai is 2 per cent of its annual turnover in India in past 2 ..

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