Gov’t support aids automobile industry

The domestic automobile industry was forecast to thrive, given the Government’s supports in tax policies for imported automobile components coupled with the increasing income of citizens.

Cars produced at a plant of Ford Vietnam in Hai Duong Province. The domestic car industry was benefiting from the Government’s support policies. — VNA/VNS Photo Tran Viet

According to a report by the Viet Dragon Securities Corporation (VDSC), the domestic automobile industry was benefiting from three policies.

The first was a 50 per cent reduction in registration fees for domestically-produced or assembled vehicles in effect from June 28 to the end of this year.

The second policy was a decree allowing automakers who met the requirements of outputs to enjoy zero import tariffs for automobile components which could not have been produced domestically, cutting production costs by 2-2.5 per cent.

The last policy was the extension of the deadline for the payment of

Read More

Read More

Global Automobile Upholstery Market Scope, Challenges and Trends Analysis (2021-2030)| Faurecia, IAC, Johnson Controls

Pune, Maharashtra, India, October 13 2020 (Wiredrelease) Prudour Pvt. Ltd :The Global Automobile Upholstery Market Growth Opportunities and Investment Feasibility 2021-2030 | Corona Virus Lockdown A Dramatic Impact report has been added to the market.us analysts contribution.

This exhaustive Automobile Upholstery market report provides a full holistic analysis [2012-2019], market size and time frame [2021-2030], emerging facts and trends of Automobile Upholstery, growth drivers and challenges, as well as key vendor analysis. By using input from industry experts, this report has been prepared primarily based mostly on particular market assessment.

Globally, Competitors identified in this market include, among others: Visteon, IAC, Faurecia, Calsonic Kansei, Toyota Boshoku, Johnson Controls, Reydel, Toyoda Gosei, Kasai Kogyo, Takata, Grupo Antolin and ZF.

This has brought along several changes in Automobile Upholstery report also covers the impact of COVID-19 on the global market. This report is used for various applications in industries such as Car

Read More

Read More

Global Automobile Silencers Market 2020 Industry Outlook –

Global Automobile Silencers Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 released by MarketsandResearch.biz offers crucial insights that help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters such as expansion, acquisition, new product launch, and the market trends. The report analyses the volume and value at the global level, regional level, and company level. The report estimates the global Automobile Silencers market size by analysing historical data and prospect. It delivers a whole investigation of the industry that contains authenticities, experiences, authentic information, and industry-approved market data. The research conjointly contains estimates that are obtained from reliable sources and practices.

The report compiles data on market size, market growth trends that will help its buyer to capture opportunities, to know and minimize probable risks, as well as to analyse the strategies of key companies in the market. The report

Read More

Read More

Indian Railways eyes 20% share in automobile transportation by 2021-22



a train traveling down train tracks near a forest: Indian Railways eyes 20% share in automobile transportation by 2021-22


© PTI
Indian Railways eyes 20% share in automobile transportation by 2021-22

Aiming to achieve a modal share of 20 percent by the end of 2021-22 and 30 percent by 2023-24 in transportation of automobiles, Union Minister for Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution Piyush Goyal has met the automobile industry leaders, Society of Indian Automobile Manufacturers (SIAM) and others. The minister asked them to partner with Indian Railways to facilitate transportation of automobiles.

At the meeting, Goyal highlighted the government’s steps to facilitate automobile loading in the railways. In the past six months, amid the COVID-19 lockdown, Indian Railways has loaded 836 rakes of automobiles against 731 rakes in the previous year.

Automobile sales may fall 20-25% this fiscal: Ind-Ra.

While in 2013-14, the total loading of automobiles through the railways was only 429 rakes, which increased to 1,595 rakes in 2019-20.

Here are

Read More

Read More

Goyal holds meet to boost automobile loading through Rly

Railways Minister Piyush Goyal on Saturday met automobile Industry leaders to give boost to automobile loading through Railways.

Representatives of SIAM (Society of Indian Automobile Manufacturers), Tata Motors, Hyundai Motors, Ford Motors, Mahindra and Mahindra, Honda India, and Maruti Suzuki Ltd, The Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), attended the meeting and lauded  the initiative and committed to work in partnership with Indian Railways to facilitate transportation of automobiles through railways.

“Indian Railways is attaining new heights in transportation of automobiles. The total loading of automobiles through Railway was only 429 rakes in 2013-14, which has increased to 1,595 rakes 2019-20. And in the first six months of the current year (Apr to Sep), Indian Railway has loaded 836 rakes of automobiles against 731 rakes in the previous year (despite almost negligible loading in the first two months),” the ministry said in a statement.

Railways are

Read More

Read More

Goyal meeting with Automobile Industry leaders gives boost to Automobile loading through Railways

New Delhi, Oct 10 (UNI) Railways Minister Piyush Goyal on Saturday met who’s who of the Automobile Industry leaders to give boost to Automobile loading through Railways.

At the meeting, Representatives of SIAM (Society of Indian Automobile Manufacturers), Tata Motors, Hyundai Motors, Ford Motors, Mahindra & Mahindra, Honda India, and Maruti Suzuki Ltd, The Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), who were all part of the meeting, lauded the initiative and committed to work in partnership with Indian Railways to facilitate transportation of automobiles through Railways.

The total loading of automobiles through Railway, which was only 429 rakes in 2013-14, has increased to 1,595 rakes in 2019-20. And in the first six months of the current year (Apr to Sep), Indian Railway has loaded 836 rakes of automobiles against 731 rakes in the previous year (despite almost negligible loading in the first two months).

Railways is

Read More

Read More

Railways aims to achieve a modal share of Automobile loading to 20% by the end of 2021-22, and a modal share of 30% by 2023-24 – Odisha Breaking News | Odisha News | Latest Odisha News

New Delhi: Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal met who so who of the Automobile Industry leaders to give boost to Automobile loading through Railways.

Representatives of SIAM (Society of Indian Automobile Manufacturers), Tata Motors, Hyundai Motors, Ford Motors, Mahindra & Mahindra, Honda India, and Maruti Suzuki Ltd, The Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), who were all part of the meeting, lauded the initiative and committed to work in partnership with Indian Railways to facilitate transportation of automobiles through Railways.

Indian Railways is attaining new heights in transportation of automobiles. The total loading of automobiles through Railway was only 429 rakes in 2013-14, which has increased to 1,595 rakes 2019-20. And in the first six months of the current year (Apr to Sep), Indian Railway has loaded 836 rakes of automobiles against 731 rakes in

Read More

Read More

Railway assures Automobile industry associations to resolve their concerns on priority

New Delhi [India], October 10 (ANI): Union Minister Piyush Goyal on Saturday met with the Society of Indian Automobile Manufacturers (SIAM), Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), and discussed ways to boost Automobile loading through Railways.

According to an official release, the participants in the interaction were informed about the steps taken by Railways to promote loading of automobiles, which has led to this “quantum jump” – and were asked to bring more loading to Rail.

The participants were assured that all possible help will be extended to them, and all their concerns and issues will be addressed on priority, the release said.

Railways said the total loading of automobiles through railway was only 429 rakes in 2013-14, which has increased to 1,595 rakes 2019-20.

It said that Railways is aiming to achieve a modal share of Automobile loading to 20 per cent by the end

Read More

Read More

Eyeing 20 pc share in automobile transportation by 2021-22, Railway min meets industry leaders

With an aim to achieve a share of 20 per cent by the end of 2021-22 and 30 per cent by 2023-24 in transportation of automobiles, Railway Minister Piyush Goyal on Saturday met auto industry leaders to encourage them to use the rail network.

 

Representatives of Society of Indian Automobile Manufacturers (SIAM), Tata Motors, Hyundai Motors, Ford Motors, Mahindra & Mahindra, Honda India, and Maruti Suzuki Ltd, the Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), participated in the meeting, a statement from the Railway Ministry said.


The total loading of automobiles through the railways was only 429 rakes in 2013-14, which has increased to 1,595 rakes in 2019-20. In the first six months of the current year (April to September), the railways has loaded 836 rakes of automobiles against 731 rakes in the previous year (despite almost negligible loading in the first two

Read More

Read More

Eyeing 20% share in automobile transportation by 2021-22, Railway minister meets industry leaders

NEW DELHI: With an aim to achieve a share of 20 per cent by the end of 2021-22 and 30 per cent by 2023-24 in transportation of automobiles, Railway Minister Piyush Goyal on Saturday met auto industry leaders to encourage them to use the rail network.
Representatives of Society of Indian Automobile Manufacturers (SIAM), Tata Motors, Hyundai Motors, Ford Motors, Mahindra & Mahindra, Honda India, and Maruti Suzuki Ltd, the Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), participated in the meeting, a statement from the Railway Ministry said.
The total loading of automobiles through the railways was only 429 rakes in 2013-14, which has increased to 1,595 rakes in 2019-20.
In the first six months of the current year (April to September), the railways has loaded 836 rakes of automobiles against 731 rakes in the previous year (despite almost negligible loading in the first two months).
“The
Read More

Read More

1 2 3 13