Auto Makers

Bajaj Auto on Tuesday said it has received a tax demand of Rs 34.74 crore on account of the alleged misclassification of spare parts supplied by it. The order issued by the office of Deputy Commissioner, Rudrapur, Uttarakhand, also imposed a penalty amounting to Rs 3.47 crore, the Pune-based firm said in a regulatory filing. According to tax authorities, the company, being a manufacturer of automobiles, the spare parts being a customised product, only used in the manufacturing of vehicles, would get classified as auto parts, disregarding the principle of general rules of interpretation, the company said. Bajaj Auto believes that it has a very strong case on merit as it has been rightly classifying the parts and accessories for more than three decades, following the General Rules of Interpretation, relevant section notes, chapter notes and HSN Explanatory notes, which are supported by various judicial precedents. Therefore, the company stated that it believes the tax demand is not .

While India's CAFE formula resembles the European Union, it lacks any adjustments for protecting small cars

The acquisition will be led by a special purchase company managed by KJR Management, a Japanese real estate unit of private equity giant KKR & Co

Suzuki wants to be the biggest seller of electric cars in India and maintain its lead as the country's biggest car exporter, company president Toshihiro Suzuki said

Maruti Suzuki Q2 Preview: Maruti Suzuki India will likely announce its September quarter results on October 31, 2025.

Bajaj Auto on Wednesday reported a 9 per cent year-on-year growth in total sales, including exports, to 5,10,504 units in September. The Pune-based automobile firm had posted total sales of 4,69,531 vehicles in September 2024, Bajaj Auto said in a regulatory filing. Total domestic sales, including commercial vehicles, stood at 3,25,252 units last month, as compared to 3,11,887 units in the year-ago period, a growth of 4 per cent. Exports during the month under review jumped 18 per cent to 1,85,252 vehicles, from 1,57,644 vehicles in the year-ago period, the company said. Sales of two-wheelers in the domestic market rose by 5 per cent year-on-year to 2,73,188 units in September, as against 2,59,333 units in the same month last year.

September auto sales expectations: Analysts cite the start of festive sales from September 22, improved finance availability, dealer inventory build-up, and positive rural sentiment as key drivers.

Inside China's spiralling auto industry crisis is the problem of surplus. Factories are churning out more cars than buyers want, leading to heavy discounts and abandoned vehicles

India is now among the fastest-growing electric vehicle markets in the world, as over 1 million EV units were sold in the country in 2024-25, Union Minister HD Kumaraswamy said on Wednesday. The minister for heavy industries and steel asserted that India's automobile industry is on the threshold of transformation, transitioning from internal combustion to clean mobility, and from the domestic market to global aspirations. "In 2024-25, India sold over one million electric vehicles, with electric two-wheelers growing 21 per cent and electric three-wheelers growing 57 per cent. India is now among the fastest-growing electric vehicle markets in the world," Kumaraswamy said. The minister made the remarks while delivering a video message at the Auto Retail Conclave organised by the Federation of Automobile Dealers Associations (FADA) here.

Among companies, Maruti Suzuki is expected to gain market share with new SUV launches and a revival in first-time buyers, prompting the brokerage to raise its target from ₹14,262 to ₹18,360.

The two-wheeler segment registered a 1.34 per cent month-on-month growth, rising 2.18 per cent Y-o-Y, aided by festive enquiries around Onam and Ganesh Chaturthi

Under the new two-slab GST structure, small cars and mid-segment vehicles will see price cuts, while premium two-wheelers may get costlier

Aiming to provide relief to the common man, the government has sharply cut the GST levied on small cars to make them more affordable

The GST Council has kept all EVs, mass market to luxury SUVs, under 5% tax, a step industry leaders say will spur sales and strengthen India's EV ecosystem

Renault is tapping Katrin Adt, a longtime Mercedes-Benz Group AG executive, to succeed Denis Le Vot as head of the popular Dacia brand

Ola Electric is likely to announce its foray into the sports scooter segment on August 15 as part of its plans to expand its product portfolio, according to sources. The company plans to unveil the new range at its upcoming annual event on August 15. In the run-up to its annual 'Sankalp' event, the company on Wednesday dropped a teaser on what looks like a sportier version of its scooter line-up. As per sources, Ola Electric is gearing up to expand its portfolio with its entry into the sports scooter segment. According to people in the know, these sports scooters could feature artificial intelligence features powered by Ola Krutrim. The sports scooter segment has been taking off in India on the back of products such as the TVS Ntorq, Yamaha Aerox and Aprilia SR160. Earlier this year, the company unveiled its Gen 3 scooter portfolio that boasted of first-in-segment features like brake-by-wire, dual ABS, and variants with its own 4680 cell.

Automakers debate exemption proposals for light commercial vehicles and small passenger vehicles under CAFE-3 and CAFE-4 norms at a heated SIAM meeting

The Chinese government is signalling enough is enough when it comes to the fierce competition in the country's electric car market. China's industrial policy has engineered a remarkable transformation to electric vehicles in what is the world's largest auto market. In so doing, it has spawned far more makers than can possibly survive. Now, long-simmering concerns about oversupply and debilitating price wars are coming to the fore, even as the headline sales numbers soar to new heights. Market-leader BYD announced this week that its sales grew 31 per cent in the first six months of the year to 2.1 million cars. Nearly half of those were pure electric vehicles and the rest were plug-in hybrids, it said in a Hong Kong Stock Exchange filing. The company phased out internal combustion engine cars in 2022. BYD came under thinly veiled criticism in late May when it launched a new round of price cuts, and several competitors followed suit. The chairman of Great Wall Motors warned the indus

The company will issue fresh shares worth up to ₹800 crore while its existing shareholders will sell shares worth up to ₹400, the draft prospectus showed

Leading auto component manufacturers could take a revenue hit of up to Rs 4,500 crore in the current fiscal due to dip in overseas shipments stemming from the tariff-related impact, ratings firm Icra said on Monday. Icra expects the revenue growth of Indian auto component industry, represented by sample of 46 auto ancillaries with aggregate annual revenues of over Rs 3 lakh crore in FY2024, to ease to 6-8 per cent in FY2026, against 8-10 per cent projected earlier, if there is mid-to-high single-digit revenue decline in exports to the US, stemming from the tariff-related impact, it said in a statement. The steep increase in import tariffs imposed recently by the US is estimated to burden the entire supply chain with an incremental cost of around Rs 9,000 crore, which will need to be borne by the US consumers, US importers, and Indian exporters, it said. The extent to which the Indian auto component exporters share the cost burden will be contingent on their competitiveness and the .