Page 13 - Auto Industry

US tariffs pose near-term challenges for auto component makers: ACMA

The decision to impose high tariffs on Indian goods by the US presents near-term challenges for the auto component makers, underscoring the importance of enhancing the sector's competitiveness and exploring new and diversified markets, industry body ACMA said on Thursday. On August 6, the US announced an additional 25 per cent tariff on all Indian imports, on top of an existing 25 per cent duty, taking the total to 50 per cent from August 27. "The recent decision by the US to impose higher and additional tariffs on certain imports from India, including auto components, underscores the shifting landscape of global trade," ACMA President Shradha Suri Marwah said in a statement. While this development presents near-term headwinds, for Indian exporters, it also underscores the importance of enhancing our sector's competitiveness, strengthening value addition, and exploring new and diversified markets, she added. The US is a significant trade partner of the Indian auto components ...

Govt may fine carmakers missing fuel efficiency targets under new rules

The government reportedly plans to fine carmakers that do not meet fuel efficiency rules; Bureau of Energy Efficiency (BEE) will check compliance

Bajaj Auto cuts electric 2-W production by half amid rare earth shortage

Executive Director Rakesh Sharma told reporters in post-earnings call that they have already cut their e-2W production by as much as 50 per cent in July

P B Balaji, a CFO who plays with a straight bat, now captains JLR

Balaji's rise to the top spot at JLR as its CEO comes at a time when the company is in a transition phase, lining up plans for more electric vehicles

Vietnamese auto major VinFast inaugurates EV assembly unit in Thoothukudi

The plant was inaugurated by Tamil Nadu Chief Minister M K Stalin. VinFast Tamil Nadu is the company's third operational plant and the fifth project in its global manufacturing network

VinFast in talks to boost local sourcing as first Indian plant opens

The firm is in discussions with several of its current component suppliers, and some want to shift part of their production to the industrial park in India, VinFast Asia CEO Pham Sanh Chau said

Renault sees India as export hub, completes Chennai unit takeover

French automaker gets fair trade regulator's approval for deal as it plans four new cars

China's clampdown on rare earths has prompted India to explore options

Japan is a model to look at. After the 2010 episode, it reduced its dependence on China to 60 per cent of its requirement of magnets

Will consider plug-in hybrid if tax structure favourable: Volvo India MD

Swedish luxury carmaker Volvo will consider bringing plug-in hybrid vehicles in India if the tax structure is conducive, which is not so at present, a top official of its Indian arm said on Friday. Volvo Car India, which launched the refreshed version of its best selling model in India XC60 at an introductory price of Rs 71.9 lakh, believes that the entry of new players like Tesla is good for popularising electric vehicles, its Managing Director Jyoti Malhotra told reporters here. The refreshed XC60 is being assembled at the company's Bengaluru facility, he noted. "We have a range of mild hybrids and plug-in hybrids... Those are the range that we have in this car (XC60) globally... Our global portfolio has it but the Indian tax structure is not really conducive as of today," Malhotra said when asked if the company would consider the plug-in hybrid version of the model. He further noted,"If things change, we can always bring it. So we are keeping a close watch." Under the current

Eicher Motors says rare earth shortage hit Royal Enfield output in Q1FY26

The company added that they are looking for alternatives to deal with the shortage, a move that other two-wheeler makers such as TVS Motor and Ola Electric are also exploring

Iveco deal to fuel global expansion, exports for Tata Motors' CV unit

Proposed $4.5 billion acquisition may open mature markets for Tata Motors' CV business but raises concerns about duplication and pressure on financials

Himalayan high voltage: 76% of cars sold in Nepal are now electric

Subsidies, hydroelectricity and manufacturing powerhouse neighbour are charging up adoption of cleaner vehicles in the landlocked nation

VinFast opens first India showroom in Surat, targets 35 dealerships in 2025

The EV maker's first outlet in India comes ahead of its Rs 16,600-cr Tamil Nadu factory launch and will showcase the VF 6 and VF 7 electric SUVs backed by a growing dealer network

EV maker Ola opposes auto firms' plea to reduce duty on traction motors

Ola has also made it clear that they are not in favour of any change in the domestic value addition norms of PLI as well as the phased manufacturing program as requested by many auto companies

Renault to launch all-new models with updated logo, starting with Triber

Renault India will feature its updated interlocked diamond logo on future models, beginning with the launch of the all-new Triber, as part of its ongoing brand transformation

Local ABS suppliers lack sufficient capacity: HMSI's Yogesh Mathur

Two-wheeler demand likely to remain tepid until festival season, says HMSI

VinFast India gets EV orders from Nepal, Sri Lanka, West Asia, and Africa

Thoothukudi facility likely to be inaugurated by month-end

Ashok Leyland takes proactive approach to tackle industry trends: Chairman

Ashok Leyland will follow a proactive approach to navigate emerging global and industry trends including electrification and supply chain challenges as it remains in hunt to be among the world's leading commercial vehicle manufacturers, according to Chairman Dheeraj G Hinduja. In his address to shareholders in the company's Annual Report for 2024-25, he noted that the commercial vehicle and mobility sectors are undergoing profound transformation. Electrification is accelerating, even as alternative propulsion technologies such as LNG and hydrogen-powered vehicles are moving from concept to commercial reality, he stated. Digitalisation and connectivity are reshaping fleet management, after sales service, and the entire customer experience, Hinduja stated. On top of this, global trade and supply chains are being re-shaped, he said. To navigate and capitalise on these trends, the company will adopt a multifaceted and proactive approach, Hinduja said. Continued investment in research

What are zero-mileage used cars & why is China planning to ban their sale?

China plans to ban resale of cars within six months of registration to curb the growing sale of zero-mileage used cars, which distort sales data, affect buyers, and allow misuse of subsidies

Govt starts work on Auto Mission Plan to make India global industry leader

The government has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic road map aligned with the 'Viksit Bharat @2047' vision to establish India as a global automotive leader, focusing on innovation and sustainability, the Ministry of Heavy Industries said on Thursday. Sub-committees for AMP 2047 have held a meeting to outline objectives and framework and targets for sectoral growth, exports and industry advancement, to help increase India's share in global automotive trade. Seven sub-committees, comprising experts from government, industry, and academia, will guide the development of a comprehensive plan targeting milestones for 2030, 2037, and 2047. "The vision for 2047 is not an aspiration but a strategic road map backed by concrete targets for sector growth, exports, and industry advancement. We must think beyond specific technologies or companies and focus on India's global standing in 2047, aiming to increase our share in global automotive tra