Tata Motors, Mahindra & Mahindra get certificates for PLI payout

New Delhi: Indian automakers Tata Motors and Mahindra and Mahindra have been granted domestic value certificates, a critical metric for eligibility in receiving payouts under India's Production Linked Incentive (PLI) scheme, Reuters reported.

Auto PLI gets investment proposals worth Rs 75K crore, exceeds govt expectations

New Delhi/UNI: The production linked incentive (PLI) scheme for auto & auto components has attracted investment proposals of Rs 74,850 crore against the target estimate of Rs 42,500 crore over a period of five years.

SIAM data shows auto sector witnessed another month of record fall in August

New Delhi, Sept 9 (IBNS): Giving a hint that the crisis in the automobile sector is deepening, the monthly passenger vehicle and car sales recorded its steepest ever fall in August, as per the data released by Society of Indian Automobile Manufacturers (SIAM) on Monday.

Crisis deepens in auto sector as sales fall by 18 percent in July

Mumbai, Aug 13 (IBNS): Crisis deepened in the auto sector as sales across all categories dropped by 18.71% to 1,825,148 units in July, media report said.

Mahindra's auto sector sells 41,895 vehicles during May 2017

Mumbai, June 1 (IBNS): Mahindra & Mahindra Ltd. (M&M Ltd.), India' leading SUV manufacturer, on Thursday announced its auto sales performance for May 2017 which stood at 41,895 vehicles compared to 40,656 vehicles during May 2016, representing a growth of 3%.