Page 2 - Automobile Industry

Govt issues guidelines to set up EV charging stations under PM E-DRIVE

Guidelines issued for rollout of 72,300 EV charging stations with ₹2,000 cr outlay under the ₹10,900-cr PM E-DRIVE scheme, aimed at boosting infrastructure and adoption

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

Delhi govt working on formulating model EV policy, says CM Gupta

Delhi Chief Minister Rekha Gupta announced on Thursday that the government is working on a new model Electric Vehicle (EV) Policy and affirmed that all public transport vehicles will be electric by the end of 2026. Speaking at an event organised by The Society of Indian Automobile Manufacturers (SIAM), Gupta emphasised that drivers are responsible for accidents. "Accidents happen every minute, every hour. Vehicles are not to blame; it is the drivers. We need to change the Indian mindset. Many take pride in not wearing seat belts. There must be stricter enforcement of traffic rules. If you fear breaking traffic laws abroad, you should not be allowed to break them here," she stated. Gupta urged people to adhere to traffic rules "not for the sake of the government, but for their own safety." She acknowledged the persistent legacy issues in Delhi, such as garbage mountains, traffic congestion, and pollution, and assured that the government is addressing these problems. "We can give yo

US tariffs to hit 8% of India's auto component output: Icra report

High US tariffs are expected to affect close to 8 per cent of India's overall auto component production, ratings firm Icra said on Wednesday. Indian auto component exporters are at a relative disadvantage compared to most other Asian exporting nations, highlighting the importance of concluding an India-US bilateral trade agreement, it added. Auto component exports contribute nearly 30 per cent to the industry's revenues, with the US alone accounting for 27 per cent of this share. "As a result, close to 8 per cent of India's overall auto component production is expected to be directly affected by the recently announced tariffs," Icra stated. The imposition of a 50 per cent tariff on Indian goods places Indian auto component exporters at a disadvantage compared to their Asian counterparts, as countries such as China, Japan, Vietnam, and Indonesia face lower tariffs of 1530 per cent, it pointed out. Further, manufacturers in Mexico and Canada remain exempt under the United ...

Up to 18% surge in 1 month: Is GST-led rally in auto stocks near its end?

Auto stocks in India have surged 7-18 per cent on GST reforms. Analysts, however, warn of near-term correction amid . Long-term outlook bullish for PV, 2W, and CV segments.

Auto industry bodies meet CBIC chief over compensation cess concerns

At present, dealers have an inventory of around 600,000 vehicles, which were loaded up in anticipation of the festival rush

CV segment biggest beneficiary of GST cut in auto sector: Ashok Leyland

The commercial vehicles segment will be the biggest beneficiary of the GST rate reduction in the auto sector as it will unleash replacement demand, which is long overdue, Ashok Leyland MD & CEO Shenu Agarwal said on Thursday. With the GST rate cut touching every consumer and business in the country, it will result in a boost in consumption thereby increasing freight traffic and ultimately demand for commercial vehicles (CVs), he said here on the sidelines of the annual convention of Society of Indian Automobile Manufacturers (SIAM). "CV will be actually the biggest beneficiary among the automotive sector," Agarwal said when asked about the impact of recent GST rate reduction on the auto sector. He said while rate rationalisation will lead to price cuts and customers who have withheld purchases will come back to the market, one big aspect is of the replacement of ageing fleets. "We have been discussing this issue of aging of fleets in the country.. the average age of the fleet is ..

Qcom firms go on an EV drive, but cost, charging infra remain roadblocks

Major delivery platforms commit to adopting EVs for last-mile deliveries, but upfront costs of EV two-wheelers and lack of reliable charging infrastructure remain barriers

Suzuki says production of flex fuel vehicles in India to commence in FY26

Maruti Suzuki India will commence production of flex fuel vehicles this fiscal, according to its parent Suzuki Motor Corporation. In a technology strategy announcement, Suzuki Motor Corporation said the development is underway to launch flex fuel vehicles (FFV) within this fiscal year. Suzuki said one of its unique initiatives toward realising a carbon-neutral society in India is through the biogas business, according to a regulatory filing by Maruti Suzuki India. This project aims to convert the manure from India's 300 million cattle into biogas, 'a carbon-neutral fuel' and organic fertiliser, the automaker said. The biogas will be used directly in CNG vehicles, which already account for one out of every three vehicles sold by Maruti Suzuki, it added. Suzuki, together with India's dairy cooperatives, is constructing biogas production plants, which will begin operations sequentially from 2025, it said. Purchasing cow dung will not only help improve the incomes of rural communitie

MP first state to frame EV policy, says CM on eve of World EV Day

Madhya Pradesh is the first state in the country to formulate an electric vehicle policy and it is ready to represent the future of electric vehicle transportation, Chief Minister Mohan Yadav said on Monday. It is the priority of the state to achieve the country's electric vehicle manufacturing targets as part of the global mandate to fight climate change under the leadership of Prime Minister Narendra Modi, he added. On the eve of World EV Day, he asked people to reduce carbon emissions through the use of clean energy. World EV Day is an annual global event celebrated on September 9 to raise awareness and promote the adoption of electric vehicles. "The state is getting ready to represent the future of electric vehicle transportation. Madhya Pradesh is the first state in the country to formulate an electric vehicle policy. Achieving the country's electric vehicle manufacturing targets under the global mandate to fight climate change and the leadership of Prime Minister Narendra Modi

Automobile dealers seek govt intervention in compensation cess recovery

Automotive dealer's body FADA has written to Finance Minister Nirmala Sitharaman seeking help regarding the levy and treatment of cess balances. In a letter to the minister, the Federation of Automobile Dealers Associations (FADA) noted that while GST 2.0 subsumes the earlier compensation cess regime for automobiles, the dealers today hold significant, validly-availed cess balances in their electronic credit ledgers. Once no further cess liability arises, these balances cannot be utilised against CGST/SGST/IGST under the current law, FADA President C S Vigneshwar said. Without a transitional pathway, credits risk lapsing, creating an unintended, permanent loss and a sharp working-capital shock for compliant MSME dealerships, he added. With the 56th GST Council decision, the levy of compensation cess on motor vehicles has been subsumed into GST rates, and hence no fresh cess liability will arise on outward supplies, he said. Vigneshwar sought that the balance lying in the compensat

Hyundai to cut prices by up to ₹2.4 lakh; Tata Motors by ₹4.65 lakh on CVs

Hyundai Motor India on Sunday said it has reduced prices of its entire model range by up to Rs 2.4 lakh to pass on the GST rate cut benefit to customers. The company said the price cut ranging between Rs 60,640 on Verna to Rs 2.4 lakh on premium SUV Tucson will be applicable from September 22. "This reform is not only a boost to the automotive industry but also a strong step towards empowering millions of customers by making personal mobility more affordable and accessible," Unsoo Kim, Managing Director, Hyundai Motor India, stated. In a separate statement, Tata Motors said it will pass on the full benefit of the GST reduction on its entire commercial vehicle range to customers, effective September 22, 2025, when the revised rates come into effect. The Mumbai-based auto major said prices of CV range would come down in the range of Rs 30,000 to Rs 4.65 lakh. The company has already announced a price cut in its passenger vehicle portfolio.

New GST rates revive auto companies' hope for a festive sales spurt

Small petrol and diesel cars now attract only 18 per cent GST compared to 29-31 per cent earlier

Auto stocks rally on GST 2.0; Emkay sees M&M, Maruti as top beneficiaries

Auto stocks surged after the GST Council slashed tax rates across the automobile sector. Analysts at Emkay Global pick M&M, Maruti Suzuki, Hero MotoCorp as top auto stocks to buy

Small cars remain base, but SUVs can't be ignored: Maruti MD Takeuchi

Suzuki is transferring more export production from Japan to India, as the role of the latter continues to increase in the company's global strategy

Two-rate GST structure approved; new rates to kick-in from Sept 22: FM

GST on buses, trucks, and ambulances has been reduced to 18% from 28%. Uniform rate of 18% on all auto parts has been decided

HC directs Delhi govt to disburse subsidies promised to EV buyers

The Delhi High Court on Wednesday ordered the Delhi government to take immediate steps to disburse the subsidies promised to customers for buying electric vehicles and said procedural hurdles cannot be used as a pretext to delay payments. A bench of Chief Justice Devendra Kumar Upadhayaya and Justice Tushar Rao Gedela noted the government cannot hide behind the fact that the Delhi Electric Vehicles Policy of 2020 does not prescribe any timeline to disburse the amount. "The government is taking shield of the fact that the Delhi Electric Vehicles Policy does not provide any fixed timeline for disbursal of subsidy. Such a ground, in our opinion, is not available for the government," it said. The bench noted that the government had funds but it was delaying disbursal owing to procedural issues. It directed the transport department of the Delhi government to expeditiously set up a dedicated bank account for the disbursal of the subsidy amount and ensure subsidies were released to eligib

Cyber attack disrupts retail, production activities of Jaguar Land Rover

The disruption adds to JLR's woes after a report in July said it had delayed the launch of its electric Range Rover and Jaguar models for more testing and for demand to pick up

Ceat completes acquisition of Camso, to invest $171 mn in Sri Lanka

The investment is aimed at expanding manufacturing capacity for off-highway tyres (OHT) and tracks at the Midigama and Kotugoda facilities

Hyundai Motor India sales decrease 4.23% to 60,501 units in August

Hyundai Motor India Ltd on Monday reported a 4.23 per cent decline in total sales at 60,501 units in August, as compared to the same month last year. The company had sold 63,175 units in the same month last year. August sales included 44,001 units in the domestic market and 16,500 units exports, Hyundai Motor India Ltd (HMIL) said in a statement. In the same month last year domestic sales were at 49,525 units and exports stood at 13,650 units. HMIL Whole-time Director and Chief Operating Officer Tarun Garg said the company's goal is to establish India as a strategic manufacturing base for emerging economies and to become Hyundai's largest export hub outside South Korea. "This ambition is gaining strong traction month-on-month. Our exports grew by an impressive 21 per cent year-on-year in August 2025," he said.