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Various schemes such as the Rs 25,938 crore PLI for Automobile and Auto Components supporting the sector's growth will catalyse the process, the government said.
Auto Industry: The stakeholders expected to be present in the meeting include PLI-Auto applicants, test agencies etc, who will share their knowledge and experiences and address concerns and challenges.
UAW President Shawn Fain has demanded, and the intensity of the campaign the union has mounted, have Detroit industry executives and analysts bracing for walkouts next month. The UAW staged a 42-day strike against GM in 2019 before reaching a new contract.
This agreement between Tata and Skoda is all set for a strategic joint venture aimed at producing components for the growing public mobility market.
Amid slackening demand for engineering goods from major markets such as the US and China, shipments to Russia continued their uptrend and more than doubled to US$ 123.65 million in July 2023 from US$ 55.65 million in July 2022, a rise of 122.03 per cent, according to a media release issued by EEPC India on Wednesday.