Search For "auto sector"
Retail auto sales up by 2.6 pc, commercial vehicles sales saw a reversal w
Updated : 1 year, 9 months ago IST
India's retail auto sector registered 2.61 per cent growth Y-o-Y in May, highlights Federation of Automobile Dealers Associations (FADA) in its vehicle retail data on Monday.
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Indian markets close marginally up as sectoral indices gain
Updated : 1 year, 10 months ago IST
Indian stock markets experienced a slight gain during Friday's session following a slump in stock indices on Thursday. The Nifty 50 index rose by 0.44 percent to close at 22,055, while the Sensex gained 260.3 points to close at 72,664.47. With the exception of the IT, Realty, PSU Bank, and B
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Auto sector weathers Ukraine crisis, pandemic; e-cars trump card for 2024
Updated : 3 years, 2 months ago IST
Around the same time, the government had also taken up initiatives to promote the production of electric vehicles (EVs). One of the major drivers of the EV market in India is the government's push towards electric mobility. In October 2021, the government set a target of having 30 per cent o
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Fitch downgrades India's auto loan sector outlook on economic slowdown ris
Updated : 3 years, 3 months ago IST
High inflation, Fitch Ratings said, may increase the operating costs of vehicles and the cost of living, which may hurt operators' debt servicing capacity.
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India, Vietnam explore opportunities in automobile sector
Updated : 3 years, 6 months ago IST
Hanoi [Vietnam], August 25 (ANI): In a move to strengthen economic ties, the Indian Auto Components Manufacturers Association (ACMA) is exploring investment, trade and business opportunities in Vietnam.
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Govt launches automated online data transfer to monitor PLI scheme for aut
Updated : 3 years, 7 months ago IST
New Delhi [India], August 11 (ANI): The Ministry of Heavy Industries on Thursday launched automated online data transfer for capturing critical data related to domestic value addition in the Production Linked Incentive (PLI) scheme for the auto sector.
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Capital expenditure in manufacturing gets big push in 2021-22
Updated : 3 years, 10 months ago IST
New Delhi [India], April 27 (ANI): Private sector capital expenditure (capex) in manufacturing surged by around 150 per cent in 2021-22 year-on-year backed by mega project announcements in steel, cement and auto sectors, Goldman Sachs said in a report.
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Auto sector posts robust sales amid fears of Ukraine crisis worsening chip
Updated : 4 years ago IST
New Delhi [India], March 1 (ANI): As India's automobile industry displayed robust sales figures broadly for the month of February in the results declared on Tuesday demonstrating some recovery from the difficulties triggered by semi-conductor shortages, fresh concerns have arisen over the Ru
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PLI in Auto sector will create 7.5 lakh jobs: Heavy Industries Ministry
Updated : 4 years, 1 month ago IST
New Delhi [India], February 11 (ANI): The government expects that at least 7.5 lakh additional jobs will be created because of the Production Linked Incentive (PLI) scheme in the auto sector, Arun Goel, Secretary, Ministry of Heavy Industries, told ANI.
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Suzuki, Hyundai, Tata among 20 firms approved for auto sector PLI scheme
Updated : 4 years, 1 month ago IST
New Delhi [India], February 11 (ANI): Tata Motors, Suzuki, Hyundai, Ford, Ashok Leyland, Kia, and Bajaj Auto are among 20 companies approved for Production Linked Incentive (PLI) scheme for the automobile sector, the Ministry of Heavy Industries said on Friday.
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115 firms apply for Production Linked Incentive scheme for auto sector
Updated : 4 years, 2 months ago IST
New Delhi [India], January 10 (ANI): A total 115 firms have applied for Production Linked Incentive (PLI) scheme for auto sector under which the Government of India proposes to provide financial support to boost domestic manufacturing of advanced automotive technology products and attract in
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Indian Auto sector must go global, look for major share of global electric
Updated : 4 years, 3 months ago IST
Goa [India], December 4 (ANI): Stating that the Indian Auto sector must go global and look for a major share of the global electric auto market, Union Minister for Heavy Industries Mahendra Nath Pandey on Saturday said that the growth of the Auto Industry will help achieve India's commitm
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