Automobile Sector

India's cabinet on Wednesday approved an incentive scheme for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles and promoting the manufacture of drones.

Prime Minister Narendra Modi today launched the National Automobile Scrappage Policy and said the initiative will promote a circular economy and make the process of economic development more sustainable and environment-friendly.

The Society Of Indian Automobile Manufacturers, or SIAM India, has released the monthly sales data for July 2021. Last month, the auto sector witnessed an overall year-on-year (YoY) growth of 4 per cent, selling 15,36,269 vehicles, as against 14,76,861 units sold in July 2020.

Suzuki Motor Corp will enter the electric vehicle (EV) market by 2025 starting in its stronghold market India, Nikkei reported on Monday.

"In collaboration with private industry, MSME sector, engineering, agriculture, automobile, steel sector, we have set an export target of $ 400 billion,'' said Commerce Minister Piyush Goyal

Buyers are more optimistic due to improved visibility on a longer-term economic recovery and reversal of pay cuts as corporate spending normalises from 2020.

After the announcement of the much-awaited voluntary policy to scrap old vehicles, Union Minister for Road Transport, Highways, and MSMEs Nitin Gadkari on Monday said that the move will reduce pollution and benefit the automobile sector.

German Economy Minister Peter Altmaier has asked his Taiwanese counterpart Wang Mei-hua to help ease a shortage of semiconductor chips in the auto sector through talks with Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker and one of Germany's main suppliers.

Budget 2021: Reduction of GST tax rates to 18 per cent and introducing incentives for electric vehicle buyers in the upcoming budget can boost the demand in the automobile sector

China's vehicle sales fell for a third consecutive year in 2020, but year-on-year sales rose for a ninth straight month in December as the country continued to lead the global automobile industry's recovery from the COVID-19 pandemic.

Domestic stock markets continued a record-breaking spree on Monday, with the S&P BSE Sensex index trading above the 48,000 mark for the first time ever, tracking record highs in Asian equities as investors pinned their hope on COVID-19 vaccines to eventually deliver a global economic upturn. The Sensex jumped 351.49 points, or 0.73 per cent, to tou...

Domestic stock markets surged to all-time highs on the first session of year 2021, with the NSE Nifty 50 index settling above the 14,000 mark for the first time. The S&P BSE Sensex index jumped 229.03 points, or 0.48 per cent, to an all-time high of 47,980.36 during the session, and the broader NSE Nifty 50 benchmark 68.10 points, or 0.49 per cent,...

Domestic share markets scaled new peaks on Monday tracking gains in Asian equities, as investors remained optimistic about COVID-19 vaccines and US President Donald Trump's approval of a pandemic relief package aided risk sentiment globally. The S&P BSE Sensex index jumped 433.18 points, or 0.92 per cent, to an all-time high of 47,406.72 during the...

Domestic stock markets suffered their worst single-day loss in more than seven months on Monday tracking a selloff across global equities over fears of a new coronavirus strain that shut much of the United Kingdom. The Sensex index dropped 2,037.61 points, or 4.34 per cent, to 44,923.08 at the weakest level of the day, and the broader Nifty benchma...

केंद्रीय परिवहन मंत्री ने कहा है कि सरकार देश में इलेक्ट्रिक वाहनों को अपनाने में तेज़ी लाने के लिए एक ढांचा तैयार करने की कोशिश कर रही है.

India's cabinet on Wednesday approved an incentive scheme for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles and promoting the manufacture of drones.

Prime Minister Narendra Modi today launched the National Automobile Scrappage Policy and said the initiative will promote a circular economy and make the process of economic development more sustainable and environment-friendly.

The Society Of Indian Automobile Manufacturers, or SIAM India, has released the monthly sales data for July 2021. Last month, the auto sector witnessed an overall year-on-year (YoY) growth of 4 per cent, selling 15,36,269 vehicles, as against 14,76,861 units sold in July 2020.

Suzuki Motor Corp will enter the electric vehicle (EV) market by 2025 starting in its stronghold market India, Nikkei reported on Monday.

"In collaboration with private industry, MSME sector, engineering, agriculture, automobile, steel sector, we have set an export target of $ 400 billion,'' said Commerce Minister Piyush Goyal

Buyers are more optimistic due to improved visibility on a longer-term economic recovery and reversal of pay cuts as corporate spending normalises from 2020.

After the announcement of the much-awaited voluntary policy to scrap old vehicles, Union Minister for Road Transport, Highways, and MSMEs Nitin Gadkari on Monday said that the move will reduce pollution and benefit the automobile sector.

German Economy Minister Peter Altmaier has asked his Taiwanese counterpart Wang Mei-hua to help ease a shortage of semiconductor chips in the auto sector through talks with Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker and one of Germany's main suppliers.

Budget 2021: Reduction of GST tax rates to 18 per cent and introducing incentives for electric vehicle buyers in the upcoming budget can boost the demand in the automobile sector

China's vehicle sales fell for a third consecutive year in 2020, but year-on-year sales rose for a ninth straight month in December as the country continued to lead the global automobile industry's recovery from the COVID-19 pandemic.

Domestic stock markets continued a record-breaking spree on Monday, with the S&P BSE Sensex index trading above the 48,000 mark for the first time ever, tracking record highs in Asian equities as investors pinned their hope on COVID-19 vaccines to eventually deliver a global economic upturn. The Sensex jumped 351.49 points, or 0.73 per cent, to tou...

Domestic stock markets surged to all-time highs on the first session of year 2021, with the NSE Nifty 50 index settling above the 14,000 mark for the first time. The S&P BSE Sensex index jumped 229.03 points, or 0.48 per cent, to an all-time high of 47,980.36 during the session, and the broader NSE Nifty 50 benchmark 68.10 points, or 0.49 per cent,...

Domestic share markets scaled new peaks on Monday tracking gains in Asian equities, as investors remained optimistic about COVID-19 vaccines and US President Donald Trump's approval of a pandemic relief package aided risk sentiment globally. The S&P BSE Sensex index jumped 433.18 points, or 0.92 per cent, to an all-time high of 47,406.72 during the...

Domestic stock markets suffered their worst single-day loss in more than seven months on Monday tracking a selloff across global equities over fears of a new coronavirus strain that shut much of the United Kingdom. The Sensex index dropped 2,037.61 points, or 4.34 per cent, to 44,923.08 at the weakest level of the day, and the broader Nifty benchma...

केंद्रीय परिवहन मंत्री ने कहा है कि सरकार देश में इलेक्ट्रिक वाहनों को अपनाने में तेज़ी लाने के लिए एक ढांचा तैयार करने की कोशिश कर रही है.