automobile industry

pli: Automobile industry will contribute to India’s rise as third largest economy

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pli: Automobile industry will contribute to India’s rise as third largest economy

Indian automobile industry will have the highest contribution to the country’s rise as the third largest economy, Heavy Industries Minister Mahendra Nath Pandey said Tuesday. Speaking at the auto Production Linked Incentive (PLI) conclave in New Delhi, he said, “India is today the fifth largest economy in the world and soon India will be the … Read more

Predictions for 2024: Small cars may lag in a good year for motown, says RC Bhargava, Maruti Suzuki

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Predictions for 2024: Small cars may lag in a good year for motown, says RC Bhargava, Maruti Suzuki

The growth of the automobile industry, which in normal times closely tracks the growth of the GDP, was adversely affected in 2019-20 by the switch to BS6 standards, then by the Covid pandemic and finally by the shortages of semi-conductors. It was in 2022-23 that the industry could finally cross the volume of sales reached … Read more