Page 7 - Auto Industry

Tech Mahindra profit down 4.5%, sees limited impact from H-1B visa fees

New deal wins for the second quarter stood at $816 million, up 35.3 per cent from last year

Electric vs petrol cars: Gadkari says prices to equalise within six months

Gadkari said India's heavy dependence on fossil fuels is both an economic strain and an environmental challenge, noting that the country spends ₹22 trillion annually on fuel imports

Fuelled by GST rate cuts, car sales hit top gear in festival season

Maruti, Tata, Mahindra log record growth as Navratri demand lifts car sales; logistics bottlenecks emerge amid surge

Govt proposes sound alert system for all electric vehicles from Oct 2027

The Ministry of Road Transport and Highways has proposed making acoustic vehicle alerting system (AVAS) mandatory for all electric cars, buses and trucks with effect October 1, 2027, keeping road safety in mind. The ministry in a draft notification said that all new models of electric passenger and goods vehicles manufactured after October 2026 must be equipped with AVAS, a safety feature in EVs to emit an artificial sound to alert pedestrians and other road users about their presence. "Provided also that, on and after 1st October 2026 in case of new models and 1st October 2027 in case of existing models, electrified vehicles of category M and N shall be fitted with AVAS meeting requirements with regard to audibility as specified in AIS-173, as amended from time to time," the notification said. Electrified vehicles of Category M include electric cars and buses designed for passenger transport, while Category N comprises electric-powered trucks and goods vehicles. Countries like the

Hatchbacks to remain relevant in India despite global SUV trend: Fada

Amid the ongoing debate over whether entry-level small cars will stage a comeback in the GST 2.0 era, hatchbacks will maintain their market relevance despite the global trend of "SUVisation" across the auto industry, according to the automotive dealers' body Federation of Automobile Dealers Associations. While the country's largest carmaker Maruti Suzuki India, which enjoys a dominant position in the small car segment, expects about 10 per cent growth in the segment after the GST rate reduction, its rival Hyundai Motor India feels that micro SUVs like Exter and Punch will grow at the cost of hatchbacks as consumer preference has evolved. "This 'SUVisation' of the industry is happening throughout the world. It is not because India has bad roads...this whole thing about SUVs is not going to go away. It is going to be there for quite some time to come," Federation of Automobile Dealers Associations (FADA) President CS Vigneshwar told PTI. He, however, said that while SUVs give a purpos

Volkswagen plans India restructuring amid tax row and EV ambitions

In an internal memo, Volkswagen India chief said the group is committed to India, with plans to invest in new technologies and manufacturing despite shifting markets and rising competition

Bosch to axe 13,000 jobs in Germany as Tesla, BYD gain; Trump tariffs bite

Bosch said the cuts were necessary due to weak demand, rising costs and intensifying competition in the global auto market

China's EV boom burdens auto insurers with mounting, chronic losses

Over the past year, some Chinese insurers have hiked premiums or backed away from selling EV policies, leaving vehicle owners struggling to find affordable coverage

GST reforms: New regime, but old problems persist for car dealers

With new GST rates kicking in, auto dealers face uncertainty on recovering compensation cess from unsold stock, even as OEMs cut prices to spur festive demand

Auto firms tap digital universe, coaching staff to steer leads to showrooms

OEMs, too, are investing in dealer training and working to filter digital leads, besides using artificial intelligence (AI) tools to ensure better conversions

Auto discounts may shrink as GST reforms set to spur demand: Report

Anticipating a recovery in demand and improved earnings, Motilal Oswal has raised its FY26 and FY27 volume growth projections across all key automobile segments

GST reform widens price gap; EV makers may face heat in festive season

Price cuts on petrol, diesel and CNG cars after GST reforms have widened the gap with EVs, making electric models less attractive to buyers in the near term

Hyundai plans $55.8 billion push, aims to double US local production

Hyundai Motors plans to raise output to 6.2 million vehicles by 2030. The carmaker has trimmed FY25 profit outlook due to US tariffs, but will press ahead with expansion plans

Maruti Suzuki cuts prices by up to ₹1.3 lakh after GST rate slash

Maruti Suzuki cut prices by up to Rs 1.3 lakh across models after GST rationalisation, aiming to boost festive demand and encourage two-wheeler owners to upgrade to cars

China's SAIC to cut stake in India car venture, freeze new investments

SAIC is not pulling out of India but wants to dilute its stake in JSW MG Motor significantly and will continue to provide technology and products for the venture

From subsidies to surplus: How China's car boom spiralled into oversupply

Inside China's spiralling auto industry crisis is the problem of surplus. Factories are churning out more cars than buyers want, leading to heavy discounts and abandoned vehicles

PV production fell 4.1% in August as OEMs cut dispatches to dealers

Passenger vehicle production and dispatches fell in August as demand weakened after GST 2.0, while two- and three-wheeler sales recorded strong growth, led by scooters and SUVs

80% automakers face launch delay due to late-stage engineering changes

Changes should drop To fewer than 15% in pre-production, 8 % or less in production post-launch

India's auto-component industry to touch $200 bn by 2030: McKinsey

Domestic autocomp sales are projected to grow 7-8 % per annum until financial year 2030

Auto Inc seeks closer ties with Centre for critical raw materials

It is working on a plan to secure supplies for next two-three quarters