Page 13 - Auto Industry

Auto industry has resilience to tackle rare earth issue: HD Kumaraswamy

The government is actively engaging with EU to ensure that concerns of Indian companies and hard-to-abate sectors are adequately addressed under CBAM, says union minister of heavy industries and steel

Entry-level bikes vroom ahead on rural sentiment, rate cut push

Sub-125cc segment is 29% of motorcycle sales, 18% of two-wheeler volumes

Rare earth magnet crisis may be too good to waste for India's EV ambitions

China's near monopoly on rare earths has rattled Indian automakers, triggering a diplomatic push and renewed urgency for local processing capacity

Continental looks to scale up PV biz to align with evolving customer needs

Tyre maker Continental is looking to expand its passenger vehicle and light truck tyres business in India, as it aims to focus on products catering to the robustly growing utility vehicle segment, according to a top company official. The company expects strong growth potential in larger-inch and ultra-high-performance tyres designed for SUVs, 4x4s, and sporty vehicles, aligning seamlessly with current market trends. The tyre maker has lined up a Rs 100 crore investment to expand production capacity at its Modipuram plant in Uttar Pradesh by 'double digits' and to roll out bigger tyres for utility vehicles, which now account for over 60 per cent of the overall annual domestic passenger vehicle segment in India. In an interaction with PTI, Continental Tires India MD Samir Gupta said that with the earmarked capital, the company aims to enhance its overall capabilities to align its portfolio to reflect the evolving lifestyle needs of Indian drivers. "Currently, we can produce up to ...

India, China in talks on rare earths to ensure supply predictability: MEA

"We are in touch with the Chinese side to bring predictability in supply chain for trade, consistent with international practices," said foreign ministry spokesperson Randhir Jaiswal

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

Auto sector faces slowdown due to rare earth magnet shortage: Crisil

Automakers may face production delays from July as rare earth magnet supply tightens following China's export curbs, with Crisil warning of disruptions in EV and hybrid output

China's rare earth ban to have short term hit; seeking alternatives: Goyal

Union Minister Piyush Goyal said that the Indian embassy is in dialogue with China and the commerce ministry is also working on the issue

Free run to bumpy ride: Ola Electric faces challenges on road to future

Unlike services, Ola's foray into product manufacturing comes with a different set of expectations

Auto sales up 5% on rural demand boost, passenger vehicles disappoint

Car sales down 3% in May amid tensions with Pak

EU warns China's rare earth export curbs may trigger supply crisis

EU presses China to ease tightened rare earth export rules, announced in response to Trump tariffs, as automakers face potential supply crunch

India challenges 25% US auto tariffs at WTO, seeks safeguard consultations

India lodges a WTO complaint over steep US auto tariffs, citing safeguard violations and reserving its right to retaliate if talks fail

Ex-Kia India workers, scrap dealers face probe over theft of 1,008 engines

Though the engines were worth only $2.3 million, the police investigation noted the case had widespread impact on industrial operations, stakeholder trust and employment security

Car exports zoom even as domestic sales stall; Maruti eyes 50% share

Hyundai sees overseas demand rising

Govt to open EV making policy with duty cuts to lure global manufacturers

The policy offers to slash duty to 15 per cent on any imported electric car priced from $35,000 if they invest at least ₹4,150 crore, or about $500 million, to set up a local plant within three years

Maruti Suzuki May sales up 3% at 180,077 units; dip in mini car segment

Maruti Suzuki India on Monday reported 3 per cent year-on-year increase in total sales at 1,80,077 units in May. The country's largest carmaker sold a total of 1,74,551 units in May 2024. Total domestic passenger vehicle dispatches to dealers stood at 1,35,962 units last month as compared with 1,44,002 units in the year-ago period, a dip of 6 per cent, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars Alto and S-Presso declined to 6,776 units as against 9,902 units in the same month last year. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, also fell to 61,502 units as compared to 68,206 units in May 2024. Utility vehicles Grand Vitara, Brezza, Ertiga, XL6, Jimny clocked sales of 54,899 units last month as compared with 54,204 units earlier. Sales of Eeco van were at 12,327 units as against 10,960 units. Light commercial vehicle Super Carry sales stood at 2,728 units as against 2,692 units earlier. MSI said its exports

Passenger vehicle sales remain flat, wholesale numbers up marginally in May

Auto sales in May 2025: M&M wholesale numbers up 21%, Tata Motors posted an 11% dip in wholesale numbers

In the works: Motherson Group's offer to acquire Marelli Holdings

Indian group's offer to be placed before lenders on Monday

We are well positioned as long as Indian market grows: Dheeraj Hinduja

Dheeraj Hinduja talks about its export ambitions, electric vehicle (EV) business, and geo-political scenario

India's auto duty offer under UK FTA linked to engine, vehicle price quotas

India's duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is "very nuanced" with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, the import duty will be reduced over 10-15 years, the official said. "The duty cut and quota depends on engine capacity and price of vehicles. A lot of nuances are there in the auto sector. India's offer to the UK is very nuanced," the official added. India and the UK, on May 6, announced the conclusion of negotiations for the trade pact that will lower tariffs on 99 per cent of Indian exports and would make it easier for British firms to export whisky, cars and other products to India, besides boosting the overall trade basket. The aim is to double the two-way commerce by 2030 from the present USD 60 billion. Tariffs on automotive imports will b