Page 3 - Automakers

India, China discuss rare earth curbs amid auto industry concerns

The fact that India has now raised the rare earth issue with China in a diplomatic forum signals to automakers that a resolution may be in sight

Near-term demand challenges for Samvardhana Motherson International

The company also unveiled plans to quadruple its gross revenues over the next five years

Minus Zero unveils India's first AI-based end-to-end autopilot system

Minus Zero's vision-based autopilot system uses foundational AI models to navigate urban traffic in India, with production expected in 2 years through OEM partnerships

Auto index soars 25% from April low; Hero Moto, TaMo gain up to 6% on Thurs

At 02:47 PM; the BSE Auto index, the second largest gainer among sectoral indices, was up 2 per cent, as compared to 1.5 per cent rise in the BSE Sensex.

Tata Motors Q4 results: Net profit declines 51% to ₹8,556 cr, income flat

The automaker has declared total income of ₹121,012 crore in the Q4 FY25, the company had reported ₹120,431 crore total income in the corresponding quarter of previous financial year

Automaker Ford pulls outlook, sees $1.5 billion hit from Trump's tariffs

The automaker expects the duties to reduce 2025 adjusted earnings before interest and taxes by about $1.5 billion on a net basis this year

Domestic PV wholesales rose by 4.4% to around 353,000 units in April

Mahindra & Mahindra (M&M) emerged as the second-largest carmaker in terms of domestic PV wholesales in April, overtaking Hyundai and Tata Motors, which had ranked ahead of it in March

Ivan Espinosa takes charge at Nissan at one of carmaker's lowest points

Espinosa, who joined Nissan in 2003 in his native Mexico, has spent most of his time in strategy and planning. He most recently served as chief planning officer in the automaker's Yokohama headquarter

India may offer zero import duty on auto components for US at BTA

US last week imposed a 25% tariff on the import of automobiles and certain automobile parts

'Couldn't care less' if automakers raise prices due to tariffs, says Trump

Tariffs will hit a $240 billion trade route, with imported cars and light trucks accounting for about half of the roughly 16 million vehicles sold in the US last year

Trump warns auto industry: No car price hikes after tariff shake-up

Trump warned US automakers not to raise prices in response to his latest 25 per cent tariff on imported vehicles and parts, despite industry concerns over rising costs and inflation

Economist Arthur Laffer warns 25% US tariffs may severely hit automakers

Noted economist Arthur Laffer warns in a new analysis that President Donald Trump's 25% tariffs on auto imports could add USD 4,711 to the cost of a vehicle, adding that the proposed taxes could weaken the ability of US automakers to compete with their foreign counterparts. In the 21-page analysis obtained by The Associated Press, Laffer, whom Trump awarded the Presidential Medal of Freedom in 2019 for his contributions to economics, says the auto industry would be in a better position if the president preserved the supply chain rules with Canada and Mexico from his own 2019 USMCA trade pact. The White House has temporarily exempted auto and parts imports under the USMCA from the tariffs starting on April 3 so that the Trump administration can put together a process for taxing non-US content in vehicles and parts that fall under the agreement. Without this exemption, the proposed tariff risks causing irreparable damage to the industry, contradicting the administration's goals of ...

Global automakers warn Trump's tariffs will hurt them, US consumers

Whatever domestic economic gain comes from US President Donald Trump's new 25 per cent tax on imported cars and experts are skeptical automakers around the world are bracing for a lot of pain. In Japan, South Korea, Mexico, Canada and across Europe, the world's largest automakers employ millions of people whose livelihoods depend on US car buyers, who currently spend more than USD 240 billion annually on imported cars and light trucks. The Trump tariffs aimed at boosting US jobs and tax revenues will also affect imported auto parts, which were valued at USD 197 billion last year. The impact will be really huge and very disruptive, said Sigrid de Vries, director general of the European Automobile Manufacturers' Association. Vries and others critics say American car shoppers will also be worse off, as tariffs push prices higher. Policymakers around the world said on Thursday they were weighing their next moves namely, whether to retaliate, and if so, how. But they also express

President Donald Trump's punishing tariffs stun US' automaker allies

Mexico, Japan, and South Korea, along with Canada, account for about 75 per cent of US vehicle imports

European automakers decry Trump's auto tariffs that will 'punish consumers'

European automakers, already struggling with tepid economic growth at home and rising competition from China, on Thursday decried the US import tax on cars as a heavy burden that will punish consumers and companies alike on both sides of the Atlantic. The new 25 per cent import tax announced by President Donald Trump on Wednesday will hurt global automakers and US manufacturing at the same time," the European Automobile Manufacturers' association said in a statement. The head of Germany's auto industry association, VDA, said the tariffs would weigh on car makers and every company in the deeply interwoven global supply chain "with negative consequences above all for consumers, including in North America. The consequences will cost growth and prosperity on all sides, Hildegard Mller said in a statement. The stakes are enormous for BMW, Volkswagen, Mercedes-Benz, Volvo, Stellantis and their vast network of suppliers, as well as the entire European economy. The US is the biggest expor

Auto firms to raise prices from April as costs, regulations squeeze margins

Industry experts believe price hikes are influenced by multiple factors, including the rising costs of electronics, regulatory compliance requirements, and premiumisation trends

Quashing Volkswagen's $1.4 bn tax bill would be 'catastrophic', says govt

India's highest-ever demand for back taxes related to import duties came after scrutiny of 12 years of Volkswagen shipments and has rekindled foreign investors' fears

Cars set to get costlier from April as automakers announce price hikes

Cars are set to get costlier from April, with various automakers like market leaders Maruti Suzuki, Mahindra & Mahindra, and Hyundai, announcing price hikes due to rising input costs and operational expenses. Maruti Suzuki India, which leads the domestic passenger car segment in the country, plans to hike prices of its entire model range by up to 4 per cent from next month. The auto major currently sells various models, ranging from the entry-level Alto K-10 to the multiple-purpose vehicle Invicto in the domestic market, with prices ranging from Rs 4.23 lakh to Rs 29.22 lakh, respectively (ex-showroom Delhi). Its rival Hyundai Motor India said it will increase car prices by up to 3 per cent from April 2025, owing to rising raw material and operational costs. Similarly, Tata Motors intends to increase the prices of its passenger vehicle range, including electric vehicles, from April 2025, for the second time this year. Mahindra & Mahindra said it will hike prices of its SUVs ...

Kolkata-based Mihup eyes IPO, in advanced talks with leading automaker

Kolkata-based conversational intelligence firm Mihup on Wednesday said it is in advanced talks with one of India's top passenger automobile makers to integrate its in-car virtual assistant, following its partnership with Tata Motors. The company, which has raised Rs 100 crore in venture funding, including Rs 50 crore in October last year, is also preparing for an initial public offering (IPO) within the next two years, Mihup Co-founder & CEO Tapan Barman told PTI. Mihup's voice assistant, which replaced a global competitor's solution in Tata Motors' vehicles in 2021, is now deployed in over one million cars, and the company expects rapid growth with new OEMs, the official claimed. The upcoming deal with another top passenger car maker is expected to further strengthen its foothold in the automotive sector. "I cannot divulge the OEM now due to confidentiality, but it is one of the largest car makers in India," Barman said. The company aims to scale its proprietary AI-driven voice .

500 kms on a 5 minute charge? BYD reveals new 1,000 kW battery system

Electric vehicle maker BYD promises gas-like refuelling speeds with latest EV charging platform, plans nationwide charging network in China