Auto Industry

The reduction, part of a programme of tax cuts announced by PM Modi on Friday, will boost sales of the country's biggest carmaker Maruti Suzuki

Asia stocks skid, dollar at 3-week top as Trump announces auto tariffs

Japan's Nikkei fell 1.2% while South Korea's KOSPI dropped 0.9%. Japanese and South Korean automakers have a big presence in the US market

Auto industry hit by lower capex allocation, Tata Motors and Ashok Leyland decline

However, The Finance Minister announced a slew of initiatives to build an ecosystem for solar PV Cells & EV Batteries.

Pitch Report: Auto industry hopes Budget 2025 will provide relief from slowing growth

According to analysts, the government's capex push had a direct bearing on the sales of commercial vehicles and ancillary industries

Indian mobility market to grow 2x to surpass $600 billion by 2030: Report

Share of four-wheeler (4W) electric vehicles (EV) is expected to grow in the range of 15-17 percent by FY30 from 2.2 percent in FY24

Automotive to sustainable mobility, EVs and beyond: Auto industry's journey for 2025

The shift in the auto industry -- where advanced technologies like autonomous driving, vehicle intelligence, connected features and electrification are quickly gaining traction -- will be reflected in the upcoming Bharat Mobility Global Expo in which India's flagship Auto Expo has been clubbed to be held from January 17-22, 2025 in Delhi-NCR

SIAM chief sees threat to auto sector from crude price uncertainties over Middle East crisis

According to the SIAM president, the rising fuel prices has more sensitivity in the commercial vehicle segment than on other segments such as cars, scooters and motorcycles

Ford may re-enter India, set to consider new proposal: Report

Ford is now pinning its hope on the Indian market, the report said adding that the company believes India will lead volumes for the auto industry globally as many markets in the West have stagnated.

Budget 2024: Auto sector foresee key policy measures to drive growth, innovation and sustainability

Auto sector is keen on the government’s long-term roadmap on EV adoption, promoting domestic value addition, supply chain challenges, R&D, infrastructure development, etc

Budget 2024: Auto sector betting on higher allocation for rural spend, FAME III rollout

Union Budget 2024: A specialized PLI plan for recycling lithium-ion batteries is also being proposed to boost adoption

FAME-III scheme excluded from Budget 2024, set for near-future launch

However, the government is advancing the FAME-III scheme to promote electric mobility, with implementation likely in the near future, Union minister HD Kumaraswamy announced on July 16, reported PTI

Carmakers will take corrective action to cut inventory levels at their dealers: SIAM

FADA had earlier retail body stated that PV inventories have reached levels of 65-67 days of sales.

Auto giants line up investments of up to Rs 1 lakh crore in current fiscal

This confidence, according to industry experts, is rooted in the nearly 4.23 million units of passenger vehicle (PV) sales achieved during FY 24, with sustained growth projected for the coming years.

Passenger vehicles wholesales clock record 3,93,074 units in January, up 14%

Two-wheeler wholesales rose 26 per cent to 14,95,183 units last month as compared with 11,84,376 units in January last year.

Can Kinetic Energy harvest nostalgia with the E-Luna?

While auto industry insiders are sceptical of its appeal among today’s youth, the company says its aim is to create a revolution by making e-mobility expand at the bottom of the pyramid

Auto Industry Budget: Sector seeks continuation of infra thrust, green drive

The auto industry body expects the current execution of road, highway and other infrastructure projects to remain on track in the vote-on-account budget

Budget 2024: Auto cos seek continued push to green mobility, infra development

Firms urge ongoing support for green mobility in the upcoming budget, emphasizing infrastructure development. Interim budget presentation by Union government on February 1.

Interim Budget 2024: Auto industry seeks policy consistency, focus on EV

The industry also expects greater support for hybrid vehicles, lower GST on EV spares, and skilling initiatives for the EV workforce

Possible increase in auto loan interest rates could impact PV sales: Maruti Suzuki official

In home loans which are floating rates the repo rate increase comes immediately into the retail loan rates but in the case of auto, almost 98 per cent is fixed rate loans.

Ministry of Heavy Industries advocates high-tech localisation for global competitiveness

Union Minister of Heavy Industries Mahendra Nath Pandey said that the automotive sector has made significant efforts towards technology upgradation with the implementation of the PLI scheme for automobiles and auto components

M&M continues to log 51,000 SUV bookings per month

The company has been the second-largest SUV maker for the last five quarters in a row and the number one in revenues over the last many quarters

Gadkari urges auto industry, stakeholders to promote vehicle scrapping policy

Road, Transport and Highways Secretary Anurag Jain urged the auto industry to set up scrap centres and automated testing stations across the country.

Open to take retaliatory measures to curb auto component imports: Piyush Goyal

While Goyal didn't specify the names of the OEMs and their countries of origin, he had indicated early this year at the Asia Economic Dialogue that two South Korean auto manufacturers have cost India “billions of dollars” in trade deficit.

Small-cap stocks expensive compared to historical valuations: Kotak's Nilesh Shah warns investors

He advised smallcap investors to have a safety margin while investing. Without it, the investors might be forced to hold on to small-cap stocks for a longer period of time to make money, he said

India's automotive industry poised to rank number 3 in world by 2030: Govt

Various schemes such as the Rs 25,938 crore PLI for Automobile and Auto Components supporting the sector's growth will catalyse the process, the government said.