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Mexico auto exports, output tumble in February

Mexican automotive production and exports fell in February, data from the national statistics agency (INEGI) showed on Friday. Auto output tumbled by 28.85% from February 2020 to 238,868 units, the figures showed, while auto exports declined 21.80% from the same month a year earlier to 213,987 units. (Writing by Drazen Jorgic; Editing by Toby Chopra) ....

Auto Exports , ஆட்டோ ஏற்றுமதிகள் ,

SIAM and ACMA suggest incentivising automobile localisation


Updated Mar 05, 2021 | 19:07 IST
SIAM and ACMA recommended incentivising enhanced domestic value-addition and localisation to leverage on the USD 25 billion import substitution opportunity.
SIAM and ACMA suggest incentivising enhanced automobile localisation  |  Photo Credit: Representative Image
Automobile and auto components industry bodies SIAM and ACMA on Friday recommended incentivising enhanced domestic value-addition and localisation to leverage on the USD 25 billion import substitution opportunity but said the production linked incentive (PLI) scheme should not cannibalise existing exporters by incentivising new players. In a presentation at the PLI event organised by Department for Promotion of Industry and Internal Trade (DPIIT) and Niti Aayog, Society of Indian Automobile Manufacturers (SIAM) President Kenichi Ayukawa and CII Manufacturing Council Chairperson Baba Kalyani stressed that PLI scheme is required for Indian auto ....

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