Compendium admissions 2023-25
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- PM Gati Shakti Yojna
- National Logistics Policy
| b) Trends c) Overview Passenger Vehicles Maruti Suzuki India Limited is India’s biggest car maker with more than 42.75% market share in the passenger vehicles segment in FY. The company recorded passenger vehicle sales of 1,165,483 units in FY. Maruti Suzuki’s passenger vehicles sales stood at 176,306 units in September 2022. Tata Motors was the market leader in commercial vehicles segment with about 42.23% market share in FY. It is present in multiple segments like cars and utility vehicles, trucks and buses, defence vehicles, and electric vehicles. The company has extended its presence internationally through joint ventures (JV) like the strategic alliance with Fiat and Marcopolo. Hero MotoCorp and Honda are the top two players in the two-wheelers segment, with market share of 35 % and 25 % respectively In September 2022. Commercial Vehicles Two Wheelers Three Wheelers Bajaj Auto is a leader in three wheelers with 57 % market share. Piaggio Vehicles is the second leader in three wheelers with 24 % market share. 25 d) Key Policies The Government of India encourages foreign investment in the automobile sector and has allowed 100% foreign direct investment (FDI) under the automatic route. Some of the recent initiatives taken by the Government of India are – • Battery Swapping Policy: The biggest highlight of the new budget for the automobile sector was the announcement of the new battery-swapping technology. This will benefit the entire EV industry, and the development will enable OEMs, charging infrastructure companies, and EV component manufacturers to install battery-swapping stations across India. • PM Gati Shakti Yojna: The Finance Minister further announced that the country's National Highways would be expanded by 25,000 km in 2022-23 under the Prime Minister's Gati Shakti Plan. An allocation of Rs 20,000 crore for infrastructure projects gives the commercial vehicle sector a much-needed boost as it was severely affected due to the pandemic. • National Logistics Policy The Policy lays down an overarching interdisciplinary, cross- sectoral, multi-jurisdictional and comprehensive policy framework for the logistics sector. The policy complements the PM Gati Shakti National Master Plan. While PM Gati Shakti National Master Plan is aimed at integrated infrastructure development, the National Logistics Policy is envisaged to bring efficiency in logistics services and human resources through streamlining processes, regulatory framework, skill development, mainstreaming logistics in higher education and adoption of suitable technologies. Download 4.08 Mb. Share with your friends:
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