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Rain disrupts production at Apollo Tyres Oragadam plant, 01:04 PM IST. In April-October 2015, overall automobile exports grew by 5.78 per cent. Due to the rains, the company had in November lost production of 4,000 motorcycles. In addition, several initiatives by the Government of India and the major automobile players in the Indian market are expected to make India a leader in the Two Wheeler (2W) and Four Wheeler (4W) market in the world by 2020. The Government plans to promote eco-friendly cars in the country i.e. Tractor major Sonalika aims at higher market share in Punjab, Haryana, 06:21 PM IST. Indias automotive industry is one of the most competitive in the world. CNG based vehicle, hybrid vehicle, and electric vehicle and also made mandatory of 5 per cent ethanol blending in petrol.

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Exchange Rate Used: INR 1 US 0.0151 as on November 15, 2015. The firm would be able to assess the insurance loss in due course, once full normalcy is restored, it added. The overall Passenger Vehicle (PV) segment has 13 per cent market share. Automotive News is the leader in covering the North American industry, covering international auto shows, monthly U.S. sales, quarterly and annual earnings, new. US-based car maker Chrysler has planned to invest Rs 3,500 crore (US 525 million) in Maharashtra, to manufacture Jeep Grand Cherokee model. The German carmaker sells a range of 24 models in India, starting with the A-Class, priced at Rs 27.5 lakh, going up to Rs 2.7 c.

A move, which Maruti Suzuki's chairman, says has no logic. References: Media Reports, Press Releases, Department of Industrial Policy and Promotion (DIPP Automotive Component Manufacturers Association of India (ACMA Society of Indian Automobile Manufacturers (SIAM Union Budget 2015-16 Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors. Automobile Industry India, Auto Industry News, Automotive Industry, Automobile Market Industry News - Economic Times. The government has formulated a Scheme for Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India, under the National Electric Mobility Mission 2020 to encourage the progressive induction of reliable, affordable and efficient electric and hybrid vehicles in the country. In addition, several initiatives by the Government of India and the major automobile players in the Indian market are expected to make India a leader in the Two Wheeler (2W) and Four Wheeler (4W) market in the world by 2020.

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Medium Heavy Commercial Vehicles (M HCVs) registered very strong growth of 32.3 per cent while sales of Light Commercial Vehicles (LCVs) reduced by 5.24 per cent during April-October 2015 year-on-year. The government has formulated a Scheme for Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India, under the National Electric Mobility Mission 2020 to encourage the progressive induction of reliable, affordable and efficient electric and hybrid vehicles in the country. Government Initiatives The Government of India encourages foreign investment in the automobile sector and allows 100 per cent FDI under the automatic route. Production at Chennai plant hit by floods: Royal Enfield, 04:29 PM IST. The worlds largest air bag suppliers Autoliv Inc, Takata Corp, TRW Automotive Inc and Toyoda Gosei Co are setting up plants and increasing capacity in India. Bharat Forge, Mahindra CIE vie for Amtek Auto's German subsidiary, 10:54 AM IST. John Deere India has a capacity to manufacture 1.20 lakh units.

Also, the well-established Regulatory Framework under the Ministry of Shipping, Road Transport and Highways, plays a part in providing a boost to this sector. The automotive industry in India is one of the largest automotive markets in the world. It was previously one of the fastest growing markets globally, but it is. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector. US-based car maker Chrysler has planned to invest Rs 3,500 crore (US 525 million) in Maharashtra, to manufacture Jeep Grand Cherokee model.