Page 36 - Auto
TVS Motor integrates ION Mobility to boost EV push in Southeast Asia
This strategic move comes as part of TVS Motor's broader "Reimagine 2030" vision to drive sustainable mobility and technological advancement in a growing market
 "TVS Motor integrates ION Mobility to boost EV push in Southeast Asia")
Opportunity in crisis: Duty on cars, auto parts likely to spur EV push
India's growing auto components industry could step in to fill the gap left by these shifts
 "Opportunity in crisis: Duty on cars, auto parts likely to spur EV push")
BMW India sees surge in electric vehicle sales in 2025: CEO Vikram Pawah
The company sold 3,914 cars in the January-March period, recording about 7 per cent year-on-year (Y-o-Y) growth. In 2024, the company's car sales increased by 11 per cent Y-o-Y to 15,721 units
 "BMW India sees surge in electric vehicle sales in 2025: CEO Vikram Pawah")
Two-wheelers see a smooth ride in FY25, domestic sales grow 7.3%
Most manufacturers record double-digit growth in March
 "Two-wheelers see a smooth ride in FY25, domestic sales grow 7.3%")
US tariffs not to have any material impact on India's PV exports: ICRA
The automobile sector is not covered in this order since it is already subject to Section 232 tariffs at 25 per cent
 "US tariffs not to have any material impact on India's PV exports: ICRA")
Rising costs to meet safety norms, demand push carmakers to hike prices
According to industry players, safety requirements like 3-point ELR seat belt and reinforcement of rear seats for luggage retention have added to the cost of passenger vehicles in India
 "Rising costs to meet safety norms, demand push carmakers to hike prices")
Indian auto parts makers in Canada, Mexico see no major impact of tariffs
US-Mexico-Canada Agreement (USMCA) compliant goods from both the countries will attract zero duty while non-compliant items will face a 25 per cent tariff
 "Indian auto parts makers in Canada, Mexico see no major impact of tariffs")
Govt backs EV tariff cuts for Trump trade deal, defying autos lobby: Report
The automakers are lobbying Prime Minister Narendra Modi's government to delay any cut in EV tariffs until 2029, and then phase in a reduction to 30 per cent from as high as roughly 100 per cent
 "Govt backs EV tariff cuts for Trump trade deal, defying autos lobby: Report")
Car sales in India hit a speed bump in FY25; slow lane ahead in FY26
Moreover, domestic PV sales in March stood between 380,000 and 390,000 units compared to 368,016 units in the corresponding month last year
 "Car sales in India hit a speed bump in FY25; slow lane ahead in FY26")
Electric vehicle sales rev up 17%, but fall short of 2 mn milestone
This growth comes despite a challenging first quarter following the expiration of FAME subsidies, among other challenges
 "Electric vehicle sales rev up 17%, but fall short of 2 mn milestone")
BYD denies Hyderabad EV plant plans, calls investment reports 'untrue'
Chinese EV giant BYD dismissed the reports of investment in manufacturing plant in India as 'untrue' in an official statement posted on its WeChat account
 "BYD denies Hyderabad EV plant plans, calls investment reports 'untrue'")
Maruti Suzuki sales up 3% in Mar, Toyota Kirloskar posts record FY25 sales
For FY25 fiscal, the MSI reported a total sales of 22,34,266 units against 21,35,323 units in FY24
 "Maruti Suzuki sales up 3% in Mar, Toyota Kirloskar posts record FY25 sales")
Renault, Nissan further loosen ties to support Japanese firm's turnaround
Nissan will also be released from its commitment to invest in Renault's electric vehicle unit Ampere, for which it had pledged 600 million euros
 "Renault, Nissan further loosen ties to support Japanese firm's turnaround")
Auto-parts companies tap electronics as new growth avenue: Report
By 2030, electronics are expected to account for over 25 per cent of vehicle cost, analysts tracking the sector noted
Bajaj Auto e2Ws on full charge in FY25; Ola Electric's lead flickers
Ola Electric has attributed part of its struggle to an ongoing dispute with a vendor responsible for facilitating registrations, arguing that its actual sales figures are higher
 "Bajaj Auto e2Ws on full charge in FY25; Ola Electric's lead flickers")
Auto sales see 5% growth in FY25; industry seeks GST cut to drive demand
As of March 30, the total automobile sales for the financial year were seen at 25.9 million units, up from 24.6 million in FY24, and 22.3 million in FY23
 "Auto sales see 5% growth in FY25; industry seeks GST cut to drive demand")
TATA.ev drives into Mauritius market, expands international footprint
The automaker is set to introduce three electric models - Tiago.ev, Punch.ev, and Nexon.ev - in the Mauritius market
 "TATA.ev drives into Mauritius market, expands international footprint")
BYD plans EV manufacturing unit with Megha Engineering in Telangana
Location likely to be Shabad near Hyderabad; battery project also under consideration
 "BYD plans EV manufacturing unit with Megha Engineering in Telangana")
How the auto component industry is gearing up for Trump's 25% tariffs
Indian auto component companies say fear the US could grant selective relaxations to certain countries which could adversely impact them
Auto street set for rough ride as Donald Trump tariffs spark worries
India calculating impact of 25% duty on cars, auto parts; firms see hit on margins
 "Auto street set for rough ride as Donald Trump tariffs spark worries")