Page 49 - Auto
TI Clean Mobility aims for $1 billion turnover by FY30 with EV push
The company has completed raising of Rs 3,000 crore and currently investments are ongoing in various aspects, including new product development, Managing Director Jalaj Gupta said
 "TI Clean Mobility aims for $1 billion turnover by FY30 with EV push")
Govt may raise motor third-party insurance premiums by up to 10% soon
The hike, likely to take effect by October 2025 or April 2026, aims to ease pressure on insurers facing rising claims, especially from commercial vehicles and pandemic-era payouts
 "Govt may raise motor third-party insurance premiums by up to 10% soon")
Tractor sales in India may grow 4-7% in FTY26 on monsoon boost: ICRA
Pre-buying ahead of the TREM V emission norms, proposed to take effect from April 1, 2026, could further aid volume growth, ICRA said in a statement
 "Tractor sales in India may grow 4-7% in FTY26 on monsoon boost: ICRA")
Govt announces annual FASTag pass for ₹3,000, effective August 15
Union minister Nitin Gadkari said the pass will be valid for a year from the date of activation or up to 200 trips
 "Govt announces annual FASTag pass for ₹3,000, effective August 15")
Musk reveals Tesla robotaxi rollout plans: What is it, how does it work?
Elon Musk says Tesla will tentatively launch its first robotaxi service in Austin on June 22, combining Full Self-Driving software and Model Y vehicles in a bid to outpace rivals
 "Musk reveals Tesla robotaxi rollout plans: What is it, how does it work?")
Indian Railways now transports 20% of cars produced across the country
In 2014, only 1 per cent of India's automobiles were transported through railways
 "Indian Railways now transports 20% of cars produced across the country")
India's auto firms to give double-digit salary hikes in FY26: Deloitte
Driven by demand for EV, AI and automation roles, the automotive industry is set to give the highest salary hikes in FY26, outpacing most other Indian sectors
 "India's auto firms to give double-digit salary hikes in FY26: Deloitte")
India's CV industry quietly begins shift to hydrogen-powered vehicles
Ashok Leyland, Tata Motors and Daimler lead India's shift to hydrogen-powered commercial vehicles as pilot trials expand under the National Green Hydrogen Mission
 "India's CV industry quietly begins shift to hydrogen-powered vehicles")
Passenger vehicle dispatches dip marginally in May, two-wheelers edge up
Passenger vehicle dispatches were down by 0.8 per cent to 344,656 units
 "Passenger vehicle dispatches dip marginally in May, two-wheelers edge up")
Ultraviolette revs up electric vehicle play with 2 launches in Paris
F77 MACH 2 and SuperStreet mark Ultraviolette's EU entry; India-based electric motorcycle maker eyes Germany, France, Italy and more in phase one
 "Ultraviolette revs up electric vehicle play with 2 launches in Paris")
Commuters feel pinch as bike-taxi firms halt ops after Karnataka HC order
Not just the customers, bike-taxi drivers are also left stranded as many depended on the service for their livelihood
 "Commuters feel pinch as bike-taxi firms halt ops after Karnataka HC order")
Bike taxi drivers in Bengaluru plead for relief as Karnataka ban begins
Workers urge lawmakers to regulate rather than shut down the sector as Karnataka's High Court decision enforces ban, hitting gig workers dependent on the service
 "Bike taxi drivers in Bengaluru plead for relief as Karnataka ban begins")
JLR trims FY26 margin forecast to 5%-7% as US tariffs cast shadow
JLR's EBIT margin forecast was also below its reported margin of 8.5 per cent for the previous fiscal year
 "JLR trims FY26 margin forecast to 5%-7% as US tariffs cast shadow")
Entry-level bikes vroom ahead on rural sentiment, rate cut push
Sub-125cc segment is 29% of motorcycle sales, 18% of two-wheeler volumes
 "Entry-level bikes vroom ahead on rural sentiment, rate cut push")
Mercedes-Benz sees surge in customisation; luxury EV sales up 66%
Mercedes-Benz India launches collector's AMG G 63 as demand for personalisation grows; luxury EV sales rise 66 per cent in Jan-May, driven by new-age preferences
 "Mercedes-Benz sees surge in customisation; luxury EV sales up 66%")
Car dealers sit on ₹52k cr stock as sales slow, inventories hit record high
The current unsold vehicle by volume - estimated at 440,000 units or 34-38 days of inventory - is only slightly below last year's Diwali peak of 40-45 days
 "Car dealers sit on ₹52k cr stock as sales slow, inventories hit record high")
No disruption in operations due to rare earth supply crisis: Maruti
Automaker says situation is 'uncertain and evolving' amid report that it has made e-Vitara production cuts
 "No disruption in operations due to rare earth supply crisis: Maruti")
India has 'no basis' to seek WTO consultations on auto tariffs, says US
India had challenged the 25% US tariffs on automobiles at the WTO, claiming they were safeguard measures, but Washington insists they fall outside the Safeguards Agreement
 "India has 'no basis' to seek WTO consultations on auto tariffs, says US")
Automakers gear up to roll out EVs without rare earth magnets by FY27
While companies remain tight-lipped about the development, most acknowledge that such a transition is essential to align with the rapid growth of the EV sector
 "Automakers gear up to roll out EVs without rare earth magnets by FY27")
Critical rare earth magnet importers look to invoke 'force majeure'
Since April 4, around 35 importers in India have either not received any shipment of the magnets or have not been granted the import licences by China
 "Critical rare earth magnet importers look to invoke 'force majeure'")