Home Tech Updates Automobiles Automobile manufacturing slows down by 15.56% in April:

Automobile manufacturing slows down by 15.56% in April:

0
Automobile manufacturing slows down by 15.56% in April:

As in line with the Index of Industrial Production (IIP) or manufacturing unit output, the ultra-modern India industry data are out. For April 2017, the IIP weight for ‘Manufacture of motor vehicles, trailers, and semi-trailers’ is 95. Five, that’s a fifteen. Fifty-six percent is lower in comparison to 113.1 for April 2016. The usual IIP for April 2017 stood at 117. Nine, a boom of 3.1 percent compared to April 2016. The cumulative growth for the April-March 2016-17 over the corresponding duration of the preceding year stood at 5 percentage. As consistent with the use-based type, the growth quotes in April 2017 over April 2016 for number one goods, intermediate items, capital items, and infrastructure/construction goods saw an alternate of three.4 percent, -1.3 percentage, four.6 percent and 5.Eight percent respectively.

The Central Statistics Office (CSO) has revised the base 12 months for the all-India Index of Industrial Production (IIP) from 2004-05 to 2011-12. The CSO had stated, “The new base yr has been decided on preserving in view the bottom yr of different macroeconomic signs particularly Gross Domestic Product (GDP), Consumer Price Index (CPI). Several modifications were made in the new collection of the IIP simply so new IIP is capable of reflecting the modifications within the industrial zone in a greater representative and sturdy manner.”

FY2016-17 has been a roller-coaster trip for the car enterprise, with demonetization impacting rural and concrete income and implication of BS-IV norms. With the monsoon predicted to be normal across the USA, and a slew of launches planned through automobile OEMs, the sector is constructive approximate sales and the section witnessing double-digit growth. The essential assignment for enterp, rise though, is still to peer a whole restoration from demonetization and the newly added Goods and Services Tax (GST) consequences. This is set to update all existing taxes.

automobile

Introduction

MotoMint is an application targeting the automobile industry. It basically fetches automobile and car videos from across the world through the medium of internet. The application also looks out for regular updates from various automobile manufacturers and gives them information within a shorter time period. It picks up the latest automotive news, videos, new and old car reviews, and much more from the Internet and directly presents the device for the user’s perusal. He can download this application from the Google stores link. It is available in both iOS8 and Android versions. At present, the iOS8 version has more features added.

Related Articles : 

Features of MotoMint

It has a novel way of connecting with the latest trends in the automobile industry across the globe. It stays connected with Internet to pick out the videos featuring new automobiles and new technologies. Automobile enthusiasts have to download this application and install it on their devices to get the recent updates on the happenings in automobiles. It stands apart from other automobile applications available in the market by providing anything and everything that the automobile industry comes out with. In short, it fetches the latest auto videos, auto entertainment programs, the firsthand description videos on new cars that are out. On a simple click, it comes out with high-quality automobile videos from across the world.

Nature of Videos Selected

This application searches only for the top-ranked videos from across the world wide web. For this purpose, it uses a new concept called curation. The built-in algorithm curates the videos based on the ranking given by the international bodies. Normally, these international rankings depend on the content and