Page 19 - Auto

Tesla's India sales fall short with only 600 cars ordered since July

The electric vehicle maker now intends to ship between 350 and 500 cars to India this year, with the first batch expected to arrive from Shanghai in early September

PV sales decline 7% in August as buyers await GST rate cut decision

Domestic passenger vehicle sales dropped 7.3% in August to 330,000 units as buyers and automakers awaited GST Council reforms, with Maruti Suzuki and M&M reporting weaker volumes

Ceat completes acquisition of Camso, to invest $171 mn in Sri Lanka

The investment is aimed at expanding manufacturing capacity for off-highway tyres (OHT) and tracks at the Midigama and Kotugoda facilities

Hyundai Motor India sales decrease 4.23% to 60,501 units in August

August sales included 44,001 units in the domestic market and 16,500 units exports, Hyundai Motor India Ltd (HMIL) said in a statement

Tractor industry volumes likely to post 4-7% growth in FY26: Icra

Pre-buying ahead of the TREM V emission norms, proposed to take effect from April 1, 2026, could further aid volume growth, it added

Cut GST on automotive tyres, don't treat them like luxury goods: ATMA

At present, all major categories of automotive tyres attract GST at 28 per cent, the highest tax slab

Dealerships face inventory glut in August as car buyers await GST cuts

VAHAN data shows 3% m-o-m drop in retail auto sales; EV market hopes hold up

Issue of restricted rare earth magnets' supply sorted for now: Ather Energy

The CEO plans to double this share in the April-June quarter of the previous year. "Twenty per cent market share is something I think is possible for our business in the near term," Mehta said

Analysts see auto demand rebound in H2 FY26 on GST relief and rate cuts

Brokerages see repo and CRR rate cuts, along with a likely GST rate reduction as key triggers

20% ethanol fuel cuts mileage but is safe, say automakers amid complaints

India set a 2025 target years ago for 20 per cent ethanol blending in fuel, called E20, as part of Prime Minister Narendra Modi's focus on clean energy

Luxury carmakers urge clarity on GST rates to boost festive season sales

The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation

Carmakers assure warranty cover for older vehicles using E20 fuel

Automakers are in the process of informing dealers about E20 usage in older cars and related guidelines

Maharashtra, UP lead auto sales across segments in Q1 FY26, shows SIAM data

Maharashtra and UP lead India's Q1FY26 automobile sales across passenger, two-wheeler, three-wheeler and CV segments, as per SIAM data

With 3,564 e-buses, Delhi leads green mobility; Maharashtra, K'taka follow

Odisha, with 450 such vehicles, is in the fifth position among all states in the adoption of electric buses

Odisha 5th in green mobility in India, aims to expand e-bus fleet beyond 1K

According to data, 14,329 e-buses are currently in operation across India, of which Delhi has the highest number of vehicles at 3,564, followed by Maharashtra (3,296), Karnataka (2,236), and UP (850)

Passenger vehicle sales likely to see modest growth of 1-4% in FY26: ICRA

ICRA expects India's passenger vehicle wholesale volumes to grow by 1-4% in FY26, limited by high inventory and a high base. However, possible GST rate cut is likely to provide some support to volumes

India, Mexico top global auto investments in H1 2025 despite slump

India and Mexico attracted the most auto projects in H1 2025, though global investment value nearly halved, reflecting EV policy uncertainty and shifting supply chain strategies

Auto part suppliers may take a detour from US market under two-tier tariff

The tariff imposed by the Donald Trump administration is expected to wipe out the Indian industry's $6.6 billion export market to the US

Auto body knocks on finmin door for faster GST reforms, compensation cess

M&M stops wholesale supply of high-ticket ICE vehicles on sales drop, fear of cess loss

Commercial vehicle volumes likely to grow 3-5% in FY26: Icra report

Domestic commercial vehicle wholesale volumes reported a moderate 6.1 per cent year-on-year increase in July 2025, even as volumes declined sequentially by 2.7 per cent