Government to set up specialised body for auto sector growth by April

A specialised body for promoting sustainable development of the Indian auto sector, dubbed the National Automotive Board, is likely to be set up by April. "The proposed National Automotive Board (NAB), which is being finalised by the Department of Heavy Industry, is likely to be cleared by the Cabinet in a month," an official said. It will act as a facilitator between the government and the industry, promote research and development activities and have a larger role in developing skills for the growing automobile sector, he added. Besides, it would act as a think-tank for the government, especially for the growth of hybrid and electric vehicles in the country.

Source: Economic Times