auto

India plans incentives for auto companies to boost exports, Auto News, ET Auto

Indian government is planning incentives for big automakers, components firms to boost local manufacturing and export to overseas countries.
Indian federal government is organizing incentives for large automakers, factors companies to increase nearby producing and export to abroad nations.

NEW DELHI,: India is drawing up an incentive scheme for the autos sector aimed at doubling exports of autos and factors in the subsequent five a long time, four sources with immediate awareness of the matter told Reuters.

The Department of Weighty Industries (DHI) has sought suggestions from automobile field teams on the original proposal, which indicates giving incentives more than five a long time to boost nearby manufacturing and procurement for export, the sources said.

The incentives would be

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M&M may need lenders’ nod to cede control at SsangYong, Auto News, ET Auto

Mahindra has a 74.6% stake in SsangYong and has initiated a stake sale process.
Mahindra has a 74.6% stake in SsangYong and has initiated a stake sale system.

Mumbai: Mahindra & Mahindra could have to choose permission from its creditors to promote a majority stake in its Korean arm, SsangYong Motor.

International banking companies that are servicing SsangYong’s financial loans have knowledgeable that if Mahindra cedes a managing stake, it would jeopardise refinancing of the financial loans, people in the know explained. In these a state of affairs, they explained, the purchaser would have to distinct all outstanding dues in advance of taking handle.

According to SsangYong’s quarterly report, as on March 31 it

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Mild to medium colour blind people can now obtain driving licence, Auto News, ET Auto

The MoRTH has been taking many measures to enable 'divyangjan' citizens to avail transport-related services and especially relating to the obtaining of the driving licence.
The MoRTH has been getting several steps to permit ‘divyangjan’ citizens to avail transportation-relevant providers and in particular relating to the obtaining of the driving licence.

New Delhi: The governing administration on Friday claimed individuals with moderate to medium color blindness can now obtain driving licence. The Highway Transportation and Highways Ministry has issued a notification in this regard for vital amendments in required varieties of motor motor vehicle norms.

“The Ministry of Highway Transportation and Highways (MoRTH) has issued a notification for amendment to the Type 1 and Type 1A of the Central Motor Cars (CMV) Policies, 1989 for

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Ashok Leyland Q4 net profit plunges 92% to Rs 57.78 cr, Auto News, ET Auto

Revenue from operations during the quarter under review stood at Rs 5,088.04 crore as against Rs 9,874.04 crore in the year-ago period.
Earnings from operations in the course of the quarter beneath review stood at Rs five,088.04 crore as versus Rs 9,874.04 crore in the year-ago period.

New Delhi: Hinduja Group flagship company Ashok Leyland on Thursday noted a 92.31 per cent drop in consolidated internet income at Rs fifty seven.78 crore in the fourth quarter ended March 31.

The company experienced posted a internet income of Rs 751.71 crore in the identical quarter of prior fiscal, Ashok Leyland reported in a regulatory submitting.

Earnings from operations in the course of the quarter beneath review stood at Rs five,088.04 crore as versus

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Lockdown cuts road deaths by 62%, Auto News, ET Auto

Four major states which have not yet submitted the data for this period are Uttar Pradesh, Tamil Nadu, Karnataka and Madhya Pradesh.
Four key states which have not still submitted the data for this period are Uttar Pradesh, Tamil Nadu, Karnataka and Madhya Pradesh.

NEW DELHI: Street deaths lowered by 62% through the lockdown involving March 24 and May 31, according to data offered by 24 states and UTs to the Supreme Court docket Committee on Street Protection.

In the course of this period, these states noted eight,976 much less fatalities, about 25,000 less crashes and just about 26,000 much less persons ended up left wounded as compared to the corresponding period in 2019.

Maharashtra observed the most decrease of 1,632 highway

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