Page 6 - Automobile Industry

Rare earth magnet shortage will be resolved soon: Toyota's Vikram Gulati

India's automobile industry is currently facing a rare earth magnet shortage after China -- which supplies over 80 per cent of India's magnet imports

Jeffrey Mark Overly appointed new chairman of auto parts maker Sona Comstar

Overly, an independent director since 2021, brings over four decades of global manufacturing experience to the role following the passing of former chairman Sunjay Kapur

85% of 2Ws to be impacted on ABS rule; Hero MotoCorp most exposed: Nomura

Nomura said Hero MotoCorp will be hit hardest, with 99 per cent of its sales from sub-125cc bikes. Honda India follows at 89 per cent, TVS Motor at 86 per cent, and Bajaj Auto at 72 per cent.

Rare earth-free EV motor 3 years away, says Montra MD Jalaj Gupta

India's automobile industry is currently facing a rare earth magnet shortage after China -- which supplies over 80 per cent of India's magnet imports -- imposed stricter export controls in April 2025

Tesla to launch India showrooms in July with China-made Model Y EVs

Tesla will open its first showrooms in India in July, starting with Mumbai and New Delhi, bringing in China-made Model Y EVs as it seeks growth amid slower sales in Europe and China

Maruti has magnet stock till July, looking for alternatives: Chairman

R C Bhargava says commercial battle helps neither Indian nor Chinese companies

Vaishnaw inaugurates cargo terminal at Maruti Suzuki's Manesar site

The rail link was developed at a cost of ₹800 crore, with HRIDC contributing ₹684 crore and the remaining amount funded by Maruti Suzuki

Inventories of rare earth magnets may run dry by mid-July, says Icra

ICRA warns that rare-earth magnet inventories for EV motors may run dry by mid-July as China tightens export rules, leaving Indian auto makers facing serious supply disruption

Skoda aims automatics to form 70% of India sales, eyes 3% market share

Skoda India sees growth in automatics and network expansion as key drivers to reach 3 per cent market share, with EV plans and a new SUV also in the works

Dedicated PLI scheme for green HEMMs vital to boost investment: Report

There is need for a dedicated production-linked incentive scheme for manufacturing of electric and other alternate fuel-based Heavy Earth Moving Machinery (HEMMs) as it will help unlock new investment, says a report. India currently has limited domestic demand for electric and alternate fuel HEMMs. In the absence of stable domestic demand, original equipment manufacturers, suppliers are unlikely to make the capital-intensive investments needed to manufacture electric and other alternate fuel HEMMs and localise key components, the report by the apex mining body said. There was a "need for a dedicated Production-Linked Incentive (PLI) scheme for electric and alternate fuel-based HEMMs and their critical sub-systems -- in line with existing PLI schemes for auto and auto components," the Federation of Indian Mineral Industries (FIMI) said in a report. The scheme should prioritise high-value components with significant import dependence and offer graded incentives linked to value additi

Tafe, Agco Corp likely to settle tractor brand battle outside court

With TAFE giving up its board seat in AGCO and both firms in advanced talks, the row over the Massey Ferguson brand in India may be resolved without a legal battle

Two-wheeler sales may cross pre-Covid levels in FY26 on export rebound

CareEdge sees 8-9% growth in FY26 as domestic recovery, exports, EV adoption, and affordability drive two-wheeler demand beyond pre-Covid highs

From showrooms to shelves, India likely to witness consumption uptick

Godrej Consumer Products also expects demand to rise for categories like personal care and home care

Rare earth crisis: Indian companies hopeful as global panic sets in

With China tightening rare earth exports, Indian firms eye domestic incentives and stockpiling, as global automakers and medical device makers face rising supply fears

Auto equipment manufacturers make 2-pronged plans for rare earth crunch

Firms weigh importing motors or sending parts to China to keep assembly lines running

Maruti Suzuki lines up Rs 925 cr to ramp up solar capacity by FY31

Maruti Suzuki India on Wednesday said it plans to invest over Rs 925 crore to expand its captive solar capacity to 319 MWp by FY2030-31. The car market leader announced the expansion of its solar capacity by 30MWp with two new projects. The company commissioned a 20MWp solar power project at its new facility in Kharkhoda, Haryana, and added another 10MWp solar capacity to its Manesar facility. With these additions, the company's solar capacity across its locations has enhanced from 49MWp to 79MWp in the last one year, Maruti Suzuki India (MSI) said in a statement. "Aligned with our parent company, Suzuki Motor Corporation's Environment Vision 2050 and the Government of India's focus on renewable energy, we are systematically enhancing the use of renewable energy in our operations," MSI MD and CEO Hisashi Takeuchi stated. By FY2030- 31, Maruti Suzuki plans to reach 319MWp of solar capacity, backed by an investment of over Rs 925 crore, he added. Through sustained efforts, the shar

TVS Motor, Kadam Mobility partner to deploy 500 electric 3-wheelers by FY26

TVS Motor and Kadam Mobility have signed an MoU to deploy 500 electric three-wheelers across metro and Tier 1 cities, supporting clean public mobility and inclusive employment

Two-wheeler majors bounce back with strong double-digit growth in May

Analysts estimate a 4 to 7 per cent rise in FY26, driven by product innovation, supportive policy frameworks, and increasing mobility needs in emerging markets

Maruti Suzuki seeks govt help to revive small car demand in India

The company also said that it was not seeing an immediate impact from China's restrictions on rare earth magnets exports

Rare earth supply pinch puts India's EV makers on a six-week clock

China controls 92 per cent of global REM magnet production, with other players like Japan (7 per cent) and Vietnam (1 per cent) contributing marginally