Page 15 - Auto Industry

Centre plans to procure 14,028 electric buses in multiple tranches

The Centre has received a demand of 15,400 e-buses from four states (Gujarat, Telangana, Karnataka and Delhi,) of total 7, including around 2,500 from Delhi

Only 12% Indian households can afford to buy car: Maruti's R C Bhargava

Bhargava expressed doubts on whether the major income tax relief given by the Union government in the last Budget is going to boost small car sales in 2025-26

Stellantis to launch Leapmotor EVs in India to boost mobility drive

The entry of the Leapmotor brand into the market aligns with Stellantis' ambition to drive innovation and expand its EV footprint in one of the world's fastest-growing automotive landscapes

HMIL signs MoU with IOC to explore mass use of hydrogen fuel cell vehicle

As a part of the MoU, the South Korean carmaker has handed over one Hyundai Nexo - a hydrogen fuel cell electric vehicle - to Indian Oil for conducting real-world tests on Indian roads

India's auto sector sees $1.5 billion in deals in Q1 2025 despite IPO lull

Mergers and acquisitions (M&A) continued to gain momentum, recording nine deals worth $359 million-marking the third straight quarter of growth

PM E-DRIVE scheme: TaMo, Maruti, two others seek to make e-ambulances

While Force Motors and Tata Motors have committed in writing, MSIL and EKA - a startup that produces electric buses and small electric commercial vehicles

Auto launches may jump-start Q4FY25 revenue, but margins could stall

Richer product mix to drive Ebitda growth; margins under pressure due to rising input costs, discounting, ad-spends

Madhur Bajaj, former vice chairman of Bajaj Auto, passes away at 73

At the time of stepping down, he had said, "I believe now is the time for me to pursue my other interests and commitments"

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

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

German luxury automaker Audi India reports 17% growth in Q1 2025 sales

The company attributed the growth to improvements in supply chain stability and sustained demand for key models such as the Audi Q7 and Audi Q8

Renault Group to take over Nissan Motor's 51% stake in Chennai plant

The transaction, pending regulatory approvals, is expected to close by the end of the first half of 2025. Nissan asserted that it has no plans to exit India

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

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

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

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

Canadian PM Mark Carney announces end of ties with US over Trump tariff

Carney's statement comes a day after Trump announced 25 per cent tariff on auto imports

Three-wheeler market may keep chugging in FY26 with 6-8% sales growth

Market to wrap up FY25 with 5-8% volume growth

Trump's tariff to impact Indian auto parts makers more than vehicle makers

Indian auto component makers are more likely to be impacted than their vehicle manufacturing counterparts by US President Donald Trump's tariff war, industry observers said on Thursday. Trump on Wednesday announced imposition of 25 per cent tariffs on auto imports from April with another 25 per cent tariffs expected to be applied on imports of major automotive parts -- engines and engine parts, transmissions and powertrain parts, and electrical components by May. "It is the Indian auto components industry that is more likely to face the heat due to the US tariff as exports from here to the US are significant. "Indian vehicle makers are less likely to be impacted as there are no direct exports of fully built cars from India to the US," an industry executive told PTI on the condition of anonymity. According to industry estimates, India's auto component exports to the US was USD 6.79 billion in FY24, while the country's imports from the US stood at USD 1.4 billion at 15 per cent duty.

Demand dip: Switch Mobility UK likely to shut down its Sherburn plant

The company is expecting to double its bus sales from around 450 this financial year to around 1,000 next financial year, owing to a rise in demand in the Indian market