Page 18 - Auto Industry

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

Ashok Leyland may shut loss-making electric bus plant in the UK

The company said it would review the feasibility of the plant in Sherburn, North Yorkshire in a consultation process with employees

Tepid vehicle sales, competition weigh on motor vehicle insurance premiums

The overall motor insurance premium stood at Rs 89,405.56 crore in the April-February period of FY25

M&M in talks to acquire Sumitomo Corporation's stake in SML Isuzu

Sumitomo holds 44% in SML Isuzu; current stake valued at Rs 1,100 cr; deal may happen at a discount to current trading price

Mercedes may raise car prices in April if rupee weakens against euro

Mercedes-Benz India may increase prices of its model range in April, if the rupee continues to weaken against the euro, Managing Director & CEO Santosh Iyer said on Tuesday. The company, which took a price hike in January this year, also expects the luxury car sales to remain under stress for at least two quarters with muted demand. "When we look at the exchange rate, it has really been a bit concerning in the last 20 days because the euro has already reached 95 levels, and we have priced the cars at 90 (rupee level). So there's a significant increase in this, and that may lead to price increase if this continues from April," Iyer told reporters here. Euro's exchange rate in terms of Indian rupee has been witnessing a continuous fall this year. From the level of 89.96 on February 12, the exchange rate hit the record low of 95.13 against a euro on March 12, according to RBI data. A euro was valued at Rs 94.55 as on Tuesday. The company needs to react to any averse fluctuations in .

Steelbird targets 3-fold revenue growth by 2030; to expand production

Steelbird now manufactures 10 million units at its Baddi facility, which it aims to take up to 25 million by 2032, besides adding another facility in the state in the next four years

PV sales to end FY25 flat with 3.82 mn units sold in wholesale till Feb

Auto industry braces for sluggish growth in FY26 amid affordability concerns

Uber partners with Refex Green Mobility to deploy 1,000 EVs by 2026

Ride-hailing app Uber on Tuesday said it has tied up with Refex Green Mobility to deploy 1,000 electric vehicles across key cities by 2026, furthering its efforts to boost electric vehicles on its platform. The collaboration aligns with Uber's global objective of providing 100 per cent emission-free rides by 2040, the company said in a statement. The deployment will see electric four-wheelers onboarded onto the Uber platform across Chennai, Hyderabad, Bengaluru, and Mumbai, it added. "Uber is committed to accelerating the shift to zero-emission mobility in India, and this partnership with Refex eVeelz is a significant step in that direction," said Aditya Kapoor, Head, Supply and Electrification, Uber India and South Asia. The company remains focused on removing barriers to EV adoption and driving the transition to a greener future through partnerships to build a sustainable future for all, he added. "This collaboration, in addition to our currently existing B2B as well as B2C ...

Mahindra at number two: Tech development, EV plans to drive its future

125-acre campus of Mahindra Research Valley in Tamil Nadu fuelling company's innovations