The Production Linked Incentive (PLI) Scheme for Automobile and Auto Component successful in attracting proposed investment of₹ 74,850 crores against the target estimate of investment ₹ 42,500 crores over a period of five years […]
The Competition Commission of India (‘CCI’) passed a final order against four maritime transport companies namely Nippon Yusen Kabushiki Kaisha (‘NYK Line’), Kawasaki Kisen Kaisha Ltd. (‘K-Line’), Mitsui O.S.K. Lines Ltd. (‘MOL’) and Nissan Motor Car Carrier Company (‘NMCC’) for indulging in cartelisation in the provision of maritime motor vehicle transport services to automobile Original Equipment Manufacturers (OEMs) for various trade routes. Amongst these four companies, NYK Line, MOL and NMCC were lesser penalty applicants before CCI. […]
Government Notifies PLI Scheme for Automobile & Auto components
PLI Auto Scheme will help create additional employment of over 7.5 lakh jobs
PLI Scheme for auto sector will bring fresh investments of over Rs 42,500 crore in five years and incremental production of over Rs 2.3 lakh crore […]
FDI equity inflow grows by 168% in the first three months of F.Y. 2021-22 (US$ 17.57 billion) compared to the same corresponding period last year (US$ 6.56 billion); Total FDI inflow of US$ 22.53 billion during first three months of 2021-22, i.e. April, 2021 to June, 2021 is much Higher as compared to US$ 11.84 billion in first three months of 2020-21; Total FDI inflow 90% higher in first three months of 2021-22, i.e. April, 2021 to June, 2021 as compared to first three months of 2020-21; ‘Automobile Industry’ emerges as the top sector during the first three months of F.Y. 2021-22 with 27% share of the total FDI Equity inflow followed by Computer Software & Hardware (17%) and Services Sector (11%) respectively […]
Merchandise exports in June 2021 were USD 32.50 Billion, as compared to USD 21.91 Billion in June 2020, exhibiting a positive growth of 48.34%. Indian engineering exports were on their upward journey in June 2021 following the trend of the last two months. […]
Union Steel and Petroleum Minister, Shri Dharmendra Pradhan held a meeting with the stakeholders of the automobile and steel industries to promote Indian steel usage in Auto industry […]
Shri Piyush Goyal says we should move towards global dominance in the auto sector; Reciprocity, high quality, ffordability & good economies of scale will help us expand our global engagement, says Shri Goyal […]
Shri Gadkari addresses 60th Annual Convention of SIAM; says Auto Sector has huge responsibility of Employment Generation
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Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan has stressed on enhancing domestic steel usage in the country and reducing import dependence for meeting oil & gas sector’s steel requirements. […]
Jun 04: The Competition Commission of India (CCI) approves proposed merger between Peugeot S.A and Fiat Chrysler Automobiles N.V. The […]
Steps to revive the sector, Livelihood’s and resource mobilization discussed at length : Shri Prakash Javadekar April 30: Union Minister […]
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