Page 4 - Deepak Patel

SIAM seeks fresh extension for EV bus, truck localisation under PM E-DRIVE

The industry body has sought to defer localisation norms till April 1, 2027, saying China's export curbs on rare-earth magnets continue to disrupt supplies.

Airspace, supply chain issues will not derail IndiGo strategy: Willie Walsh

CEO Willie Walsh says the airline will press ahead with global expansion despite airspace and supply chain constraints

Willie Walsh assumes charge as IndiGo CEO, succeeds Pieter Elbers

Willie Walsh has assumed charge as IndiGo's chief executive officer after completing his tenure at IATA and will lead the airline's global expansion, operations and commercial strategy

Cost discipline remains core as IndiGo expands into premium travel

IndiGo says it will preserve its low-cost model as it expands into premium and long-haul flying, while urging a rethink of airport pricing at new hubs.

Quadruple import duty on truck tractors: MHI tells finance ministry

MHI says lower import duty is enabling dumping of foreign electric truck tractors in India

How reforms revved up India's auto industry over the past 35 years

The reforms of 1991 not only enhanced car buyers' choices but also helped put Indian manufacturing on the global map

Maruti Suzuki Q1 net falls 9% despite jump in sales, as costs rise

Higher commodity, energy and logistics costs, along with temporary supplier support measures, weighed on Maruti Suzuki's Q1 earnings despite record domestic sales and exports

Hyundai Motor India Q1 net profit falls 35% on exports hit, supplier fire

Automaker retains FY27 growth and margin guidance as it expects production to normalise after supplier disruption and export weakness caused by the West Asia conflict

MHI extends rare earth magnet manufacturing tender deadline for third time

Heavy Industries Ministry extends bid deadline to August 12 under the Rs 7,280-crore scheme to encourage domestic rare earth permanent magnet manufacturing

SML Mahindra eyes new heavy trucks after M&M transfers CV business

Board approves Rs 525 crore acquisition of Mahindra Truck and Bus Division, bringing all commercial vehicle operations above 3.5 tonnes under one listed entity

MHI holds pre-bid meeting for final 10 GWh ACC battery PLI allocation

Final tranche under the ₹18,100-crore PLI scheme is reserved for grid-scale energy storage systems to support renewable energy integration

Have taken all steps to learn from Dec disruption: IndiGo's Rahul Bhatia

IndiGo says it has strengthened operations after last year's disruption as Rahul Bhatia outlines plans for global expansion and making India a major aviation hub

Honda 2W recalibrating EV strategy: President & CEO Tsutsumu Otani

CEO says company recalibrating its strategy around evolving customer expectations and market realities

Mounting paperwork, delays hurt ease of doing business for automakers

ARAI's forex proposal exposed wider industry concerns over the auto PLI scheme, with automakers seeking a simpler, faster certification and compliance process

Recycling certificate norm irks major lead-acid battery manufacturers

Battery makers urge the Centre to exempt self-recycled batteries from mandatory certificate purchases, warning the proposed trading platform could discourage recycling investments

Electric trucks next priority after e-2Ws, says PMO's Tarun Kapoor

Tarun Kapoor says Delhi's move to allow only electric two-wheelers from 2028 sends the right signal; Centre may consider more support for e-trucks if PM E-Drive gains momentum

Delhi plans electrification mandate for four-wheelers, jolts automakers

Delhi's EV Policy 2.0 proposes future electric car sales mandates and measures to discourage polluting vehicles, prompting concerns among automakers over production and technology choices

Domestic passenger vehicle sales rise 24.6% in June on strong rural demand

Passenger vehicle sales touched about 400,000 units in June, supported by tax relief, lower interest rates and robust rural demand, though higher crude oil prices remain a concern

ARAI drops two-rate foreign exchange proposal after industry pushback

ARAI has dropped its two-rate forex proposal for FY27 DVA calculations under the auto PLI scheme after automakers flagged audit, compliance and paperwork concerns

Delhi sets countdown for ICE 2W, 3W phaseout; new EV policy from July 1

Fresh registrations to stop over the next 2 years under new EV policy