automobile industry: Risk Review Report on Automobile Industry by Alea Consulting, Auto News, ET Auto
New Delhi : The Indian automobile industry constitutes 7.1% of India's GDP and employs approximately 29 million people. (FAME) policy supports the development of EV and hybrid vehicles and their manufacturing ecosystem to achieve self-sustenance by 2020. The major automobile manufacturing establishments are around Delhi-Gurugram-Faridabad; Mumbai-Pune-Nashik-Aurangabad; Chennai-Bengaluru-Hosur and Kolkata-Jamshedpur.Industry EvolutionOn April 1, 2017, Bharat Stage-VI emission norms came into effect. The industry is expected to manufacture compliant vehicles from 2020. Lexus is considering assembling its ES brand due to lower import tariffs on auto parts.RecommendationsSIAM suggested a revision of the GST rate structure for all passenger vehicles.
German Auto Industry Welcomes U.S.-EU Trade Talks
referring to Germany's leading auto makers Thursday cheered a possible easing of trade tensions between the U.S. and European Union that threaten to hurt their growth prospects. Advertisement"We are pleased that they are decreasing trade tensions and coming back to the table," Diageo PLC Chief Financial Officer Kathryn Mikells said. Still, Ms. Mikells said the company was hopeful the talks to ease trade tensions would be successful. The Trump administration is seeking to reduce trade barriers to lower the $152 billion U.S. deficit in merchandise trade with the EU. Britain's steel industry trade group welcomed the talks but said tariffs were a barrier to future trade relations.collected by :Catlin Logan