Page 2 - Auto Industry

Auto sector seeks relief on Rs 2,500 cr cess credit lapse under GST 2.0

Auto industry representatives are understood to have taken up with the government the issue of Rs 2,500 crore compensation cess credits arising out of GST 2.0 regime in their pre-Budget meeting, according to sources. Representatives from the auto industry, including Society of Indian Automobile Manufacturers (SIAM), in their meeting with Finance Minister Nirmala Sitharaman and senior officials held on Tuesday, raised the matter and sought a resolution of the matter citing genuine concerns of dealers, which are mostly small and medium enterprises, a person aware of the development said. The accumulated compensation cess lapsed on September 22 with new GST norms coming into effect. In October this year, the Federation of Automobile Dealers Associations (FADA) moved the Supreme Court seeking relief over Rs 2,500 crore worth of compensation cess credits. FADA had then asserted that its knocking at the doors of the Supreme Court was "not against reform, but for fairness and trust" as ..

Budget 2026-27: Make demergers tax-neutral, biz houses nudge govt

Industry representatives believe that addressing these issues will improve ease of doing business, facilitate legitimate restructuring, and reduce future tax disputes

Bajaj Auto acquires majority stake in Austrian motorcycle maker KTM

Bajaj Auto Ltd on Wednesday announced the completion of acquisition of a majority stake in Austrian bike maker KTM following receipt of necessary approvals from European regulators for its 800-million euro transaction. The company has also changed the name of Pierer Bajaj AG (PBAG) to Bajaj Auto International Holdings AG and PIERER Mobility AG (PMAG) -- the holding company of KTM AG, the shares of which are listed on SIX Swiss Exchange in Zurich and Vienna Stock Exchange -- to Bajaj Mobility AG, Bajaj Auto said in a regulatory filing. Earlier this month the company had stated that out of nine regulatory approvals it had received eight and on November 10, it had received notification from the European Commission for the same. In May this year, Bajaj Auto announced its intention to acquire a majority stake in KTM through its wholly-owned subsidiary Bajaj Auto International Holdings BV, which has arranged a debt funding package of 800 million euro (about Rs 7,765 crore), to shift gear

Experts urge India to create clear rules and SOPs for autonomous vehicles

Road safety experts on Monday stressed the need of the government framing a comprehensive regulatory framework and set of Standard Operating Procedures (SOPs) for the testing, deployment and operation of autonomous vehicles (AV) to meet the phased target in the country's complex traffic conditions. Speaking at an event organised by the India chapter of International Road Federation (IRF), P Rajalakshmi, professor, Technology Innovation Hub on Autonomous Navigation (TiHAN) at IIT Hyderabad, said road safety remains a critical concern for autonomous technology becoming mainstream in India. Rajalakshmi said India's target for autonomous vehicles (AVs) involves a phased approach, aiming for widespread use of advanced driver-assistance systems (ADAS) like lane-keeping and adaptive cruise control by 2030, followed by the introduction of Level 3 and 4 vehicles in specific urban areas and controlled routes by 2040. "As India embarks on a mission to lead in autonomous mobility by 2047, key .

15 'no', 2 'yes' votes: CAFE relief for small cars leaves industry divided

A deep split has emerged within India's auto industry over the proposed CAFE exemption for small cars, with only Maruti Suzuki and Renault backing the move in the final SIAM vote

With ₹2,000 cr war chest, Force Motors gears up to expand global reach

Force Motors, known for its shared mobility solutions, is gearing up to expand its presence in global markets and defence segment having consolidated its position in India by narrowing down on focus areas for profitable growth, according to Managing Director Prasan Firodia. The Pune-based automaker, which has been debt free for two quarters now, has earmarked about Rs 2,000 crore capex for three years to bolster digitisation, modernise and enhance production facilities, enhance sales infrastructure and roll out electric products. In an interaction with PTI, Firodia stated that the company remains focussed on its core business of catering to shared mobility solutions with range of light commercial vehicles and multi utility vehicles -- Traveller and Urbania platforms among others, for sectors like education, health, tourism. Besides, the company is eyeing aggressive growth in the defence segment, he added. "We are now sitting in excess of 70 per cent market share in the Traveller ..

Festivals, GST rate rejig spur October passenger vehicle dispatches

SIAM data shows strong festive demand and GST rationalisation pushed India's PV wholesales up 17.2 per cent in October, with UVs, small cars and two-wheelers also recording robust year-on-year growth

Weight-based CAFE relief to hurt safer car push: Shailesh Chandra

This is the first time that Chandra has spoken against the demand for weight-based exemption for small cars, which has divided the auto industry since the beginning of this year

Jaguar Land Rover cyberattack hit TaMo PV Q2 showing; FY26 outlook cut

One-time gain lifts consolidated profit; company cuts FY26 outlook

India's used car mkt hits 5.9 mn units as SUVs, premium models fuel growth

India's pre-owned car market is expanding fast as buyers prioritise SUVs, safer models, trusted brands, and certified dealers - signalling a shift from affordability to aspiration in FY25

Hitting a speed bump: Carmakers raise concerns over EV scheme rules

Automakers told the Heavy Industries Ministry that high investment thresholds, tough localisation rules, and pending India-EU FTA talks are deterring participation in the EV promotion scheme

Four carmakers with 63% output supported CAFE relief: R C Bhargava

Bhargava pointed out the revised draft was a good beginning but not adequate

Yamaha enters India's EV market, to roll out 10 new models by end-2026

Yamaha expects its first EVs to hit showrooms by the first quarter of FY26 (January-March), once network readiness is complete

No consensus on CAFE relief, Siam tells Bureau of Energy Efficiency

Says 3-4 carmakers backed proposed exemption, 14-15 opposed

Shailesh Chandra becomes first Indian to head global auto body OICA

Chandra becomes the first Indian to head OICA, marking a significant milestone for India's presence in global automotive decision-making

GST 2.0, festival cheer drove record vehicle sales in October: Fada

Festivals also contribute to the rise in overall automobile retail sales, says dealers association

Blue Energy plans an electric invasion in trucks on routes below 500 km

Blue Energy Motors plans ₹3,500 crore push to electrify short-haul trucking with 1,200 battery-swapping stations and "energy-as-a-service" model to rival diesel costs

SUVs, rural growth, premiumisation to keep PV sales in fast lane in 2026

From the Maruti WagonR Electric to the Tesla Model 3, 2026 will be a landmark year for India's auto industry, led by SUVs, hybrids, and EVs amid GST reforms and rising rural demand

Alto tops Maruti Suzuki charts as highest-selling car at 4.7 mn units

Maruti Suzuki crosses 30 million domestic car sales as Alto leads with 4.7 million units, followed by WagonR and Swift among all-time bestsellers

Satyakam Arya set to take over as president and CEO of Hino Motors

Daimler India Commercial Vehicles MD and CEO Satyakam Arya will lead Hino Motors, a Toyota Group company, marking the first time an Indian will head a Japanese automobile major