Page 5 - Automobile Industry

Tata Motors to raise €1 bn via equity, stake sale to fund Iveco deal

Iveco gets India entry while Tata gains Latin American access

Tata Motors to acquire Iveco's non-defence business for €3.8 billion

The acquisition will create a €22 billion global CV giant with annual volumes of 540,000 units, expanding Tata's footprint into Europe and low-emission technology

Mahindra EV biz posts ₹111 crore Q1 EBITDA, awaits PLI nod for XUV9e

Strong demand for electric SUVs boosts Mahindra's EV business to Rs 111 crore EBITDA in Q1FY26; company awaits PLI certificate and ramps up production gradually

Explained: Why India's 2027 emission target has automakers on edge

India wants to cut vehicle emissions by 33 per cent by 2027, but carmakers say the targets are too steep, too soon, and could hurt jobs, raise prices, and stall the industry's green transition

Auto companies align dispatches with retail demand amid stock pileup

Passenger vehicle dispatches rise just 0.5% in H1 2025 as OEMs curb factory output to align with slower retail demand and elevated dealer stock levels

Automakers clash over CAFE relief for LCVs, small cars at Siam meet

Automakers debate exemption proposals for light commercial vehicles and small passenger vehicles under CAFE-3 and CAFE-4 norms at a heated SIAM meeting

IIT Guwahati converts bamboo into high-performance automotive materials

Researchers at the Indian Institute of Technology (IIT), Guwahati, have developed an eco-friendly composite material made of 'Bambusa tulda', a fast-growing bamboo species in northeast India, combined with biodegradable polymers, officials said on Thursday. Due to its properties, such as high strength, thermal stability, low moisture absorption and cost effectiveness, the developed composite is a suitable replacement of conventional plastics used in automotive interiors. The findings of this research have been published in the prestigious journal, Environment, Development and Sustainability (Springer Nature). Led by Poonam Kumari, Professor, Department of Mechanical Engineering, the research not only addresses the problem of plastic waste, but also provides a solution to the growing global demand for greener materials, particularly in the automotive manufacturing industry. "The researchers tested four bamboo-based composite formulations consisting of Bambusa tulda fibres reinforced

US automakers say Trump's Japan tariff deal puts them at a disadvantage

US automakers are concerned about President Donald Trump's agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. We need to review all the details of the agreement, but this is a deal that will charge lower tariffs on Japanese autos with no US content, said Matt Blunt, president of the American Automotive Policy Council, which represents the Big 3 American automakers, General Motors, Ford and Jeep-maker Stellantis. Blunt said in an interview the US companies and workers definitely are at a disadvantage because they face a 50% tariff on steel and aluminum and a 25% tariff on parts and finished vehicles, with some exceptions for products covered under the United States-Mexico-Canada Agreement that went into effect in 2020. The domestic automaker reaction reveals the challenge of enforcing policies across the world economy, showing that for all of Trump's promises there can be genuine tradeoffs from

Renault Group names Stephane Deblaise as new CEO for India operations

Renault Group appoints Stephane Deblaise as the new CEO for India operations, effective September 1, 2025, as part of the company's strategy to enhance growth in the Indian market

India's auto sales flat in Q1 FY26; UVs, exports shine amid weak demand

India's auto sector began FY26 on a mixed note as UV sales and exports grew, but overall demand stayed soft. Two-wheelers and cars saw declines, while three-wheelers hit record Q1 sales

Datanomics: India EV penetration subdued even as biggies enter market

According to the data from Federation of Automobile Dealers Association (FADA), the EV penetration in India was just 7.8 per cent in FY25, marginally up from 7.1 per cent in FY24

Tesla rolls out Model Y in India, costlier than US, China and Germany

Tesla opens bookings for Model Y in India at up to ₹67.89 lakh due to high import duties, with first deliveries expected later in 2025 from Shanghai plant

Musk & Mumbai debut: EV maker Tesla to open first India store on July 15

Tesla will compete with its Chinese rival BYD, as well as domestic major Tata Motors in the Indian market

VinFast partners with BatX Energies for electric vehicle battery recycling

VinFast partners with BatX Energies to recycle and repurpose high-voltage EV batteries in India, strengthening its commitment to a sustainable battery value chain for its India operations

UK company AEM set to bring rare-earth-free technology to India

The firm has partnered with Sterling Tools Limited's EV arm, Sterling Gtake Electro Mobility (SGEM), to localise production and assembly of its traction motors at SGEM's Faridabad facility

Tesla likely to begin its first car deliveries in India from August

Deliveries are expected to start from late August, a separate person familiar with the development said. Customers will be able to configure and order their Tesla EVs from next week

Nuvama initiates 'Buy' on Hyundai India, sets ₹2,600 target on growth push

With $2.9 billion in average annual research and development (R&D) spend (2.5 per cent of revenue), the parent firm enables Hyundai India to fast-track innovation and expand exports.

Net-zero emissions: Auto industry lobbies to extend 'ICE age' till 2055

The industry has conveyed to the BEE that it continues to rely heavily on ICE vehicles

India's electric vehicle sales surged in June; slow start for e2Ws: Fada

India's EV market continued to expand in June 2025, with a notable rise in passenger vehicle sales. However, the two-wheeler segment saw a dip in H1 performance due to a weak start to the year

Auto sales shrug off rare earth, US tariff clouds to log June gains

Passenger vehicle sales grew modestly by 2.5% in June as rains and liquidity concerns affected demand, while all other segments also recorded positive year-on-year growth