Page 37 - Auto
NITI Aayog calls for reforms to treble auto parts exports in five years
The report envisions India advancing to approximately $145 billion in automotive component manufacturing by 2030
 "NITI Aayog calls for reforms to treble auto parts exports in five years")
MG Windsor becomes fastest-selling EV in India with 20K units in 6 months
As of March 2025, JSW MG Motor enjoys a 31 per cent retail market share in the EV segment, trailing only Tata Motors, which holds a 38 per cent share
 "MG Windsor becomes fastest-selling EV in India with 20K units in 6 months")
Niti Aayog seeks fiscal support to boost auto component manufacturing
The report envisions the country's automotive component production growing to USD 145 billion, with exports tripling from USD 20 billion to USD 60 billion by 2030
 "Niti Aayog seeks fiscal support to boost auto component manufacturing")
Luxury car sales hit record in FY25; FY26 outlook remains cautious
The overall luxury car market had grown by around 3 per cent in FY25
 "Luxury car sales hit record in FY25; FY26 outlook remains cautious")
Delhi govt considers series of green measures to boost EV adoption
Rs 2K-10K cess on non-EVs older than 10 years, pollution cess on petrol under consideration
 "Delhi govt considers series of green measures to boost EV adoption")
RBI rate cut will benefit auto sector, create positive sentiment: SIAM
The Reserve Bank of India (RBI) cut interest rates for a second consecutive time by cutting the repurchase or repo rate by 25 basis point to 6 per cent
 "RBI rate cut will benefit auto sector, create positive sentiment: SIAM")
Digital shift, women steer used-car market growth, says Spinny report
The report revealed that 77 per cent of all transactions in the January-March 2025 period took place digitally, indicating continued preference for online car purchases
 "Digital shift, women steer used-car market growth, says Spinny report")
Chetak top-selling electric two-wheeler in Q4FY25, says Bajaj Auto
The Chetak was originally introduced in the 1970s, when it had a strong presence in the Indian scooter market for several decades
 "Chetak top-selling electric two-wheeler in Q4FY25, says Bajaj Auto")
Nearly 90% of orders in February sales fully paid, says Ola Electric
The clarification follows reports claiming Ola included bookings for yet-to-be-launched vehicles in its Feb sales data, potentially inflating market share amid efforts to regain investor confidence
 "Nearly 90% of orders in February sales fully paid, says Ola Electric")
Auto retail sales grew 6.5% in FY25, may face headwinds, says Fada
Dealers concerned about ongoing tariff war and its potential impact on sales in India
 "Auto retail sales grew 6.5% in FY25, may face headwinds, says Fada")
Automobile sales up 6% in FY25, dealers cautiously upbeat on FY26: Fada
The last financial year saw growth in sales of passenger vehicles, two-wheelers and three-wheelers
 "Automobile sales up 6% in FY25, dealers cautiously upbeat on FY26: Fada")
'Cybersecurity likely to become key feature in next-gen connected vehicles'
While many global players are racing to build cybersecurity solutions for the auto sector, some mobility platforms have begun testing Intrusion Detection and Prevention Systems (IDPS)
 "'Cybersecurity likely to become key feature in next-gen connected vehicles'")
Gujarat committed to becoming EV manufacturing hub, says CM Patel
Talking about the EV Policy-2021 and the Atmanirbhar Gujarat Scheme, the CM expressed his resolve to build a 'Green, Clean, Eco-Friendly Gujarat'
 "Gujarat committed to becoming EV manufacturing hub, says CM Patel")
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")