Page 7 - Automobile Industry

Kia India dispatches rise 14%, TVS Motor sales increase 17% in May

Kia India dispatched 22,315 units in May 2025, while TVS Motor's total sales rose to 4.31 lakh units, driven by strong two-wheeler, three-wheeler and export performance

Not leaving India, will launch 3 models by early 2027, says Nissan

Vatsa said Nissan is sticking to its plan of launching three new models by early 2027

Ageing truck fleet rekindles commercial vehicle makers' revival hopes

However, industry experts believe that FY26 could mark a turnaround, with mid-single-digit growth expected in the MHCV segment as replacement demand begins to pick up

Govt may offer spare e-buses under PM E-DRIVE for religious tourism

This consideration follows the allocation of 10,900 e-buses to five cities: Delhi, Bengaluru, Hyderabad, Ahmedabad, and Surat

Electric vehicle charging app with real-time data, pay system on cards

New app aims to tackle limited availability, non-functional stations, and inconsistent standards

India's PV market to grow 1-2% in FY26, Maruti Suzuki to exceed pace: SMC

Suzuki Motor Corp expects India's PV sales to grow modestly in FY26 but Maruti Suzuki may outperform due to new SUV launches and rising exports

Siam seeks six-month rare earth supply lifeline to keep EVs rolling

Such a move would eliminate the need for Indian importers to seek clearance for each shipment - a process both tedious and time-consuming

Automobile sales inch up 2.95% in April, CV sales see decline, says Fada

Two-wheeler retail sales in April this year reached 1,686,774 units compared to 1,649,591 units in the same month last year, Fada said

Maruti Suzuki reports 7% increase in total sales in April at 179,791 units

Maruti Suzuki India on Thursday reported a 7 per cent increase in total sales to 1,79,791 units in April. The company sold a total of 1,68,089 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Its total domestic passenger vehicle sales rose marginally to 1,38,704 units compared to 1,37,952 units in the year-ago month, it added. Sales of mini segment cars, comprising Alto and S-Presso, dropped to 6,332 units against 11,519 units in April last year. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift and WagonR, rose to 61,591 units from 56,953 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, Grand Vitara and XL6, clocked sales of 59,022 units last month compared to 56,553 units earlier. Sales of van Eeco stood at 11,438 units last month against 12,060 units in April last year, while that of light commercial vehicle Super Carry were 3,349 units compared to 2,496 units earlier. MSI said its exports last m

High import tariffs don't help nations become competitive: Lamborghini exec

India currently levies an import duty of up to 110 per cent on completely built units (CBUs) of automobiles

Daewoo enters Indian lube market, aims to get 2% share by March next year

The company has adopted a phased rollout strategy, starting with key metro cities and Tier-2 towns, backed by a robust dealership and distribution network

Delhi may curb gasoline car sales, ban gas-guzzling bikes to cut pollution

The measures represent one of the most drastic steps the city has lined up to tackle pollution

'Carefully figuring out the right time to enter India': Tesla CFO

Tesla CFO Vaibhav Taneja said that 100% import tariffs create anxiety

From warehouses to local stores: Ola Electric shifts gear amid row

In addition to cost savings, these changes have resulted in reducing average vehicle inventory from 35 to 20 days, and reducing delivery time for customers from 12 days to 4 days

Auto exports rise 19% to over 5.3 mn units in FY25 on strong demand: Siam

Automobile exports from India rose by 19 per cent to over 53 lakh units in the last 2024-25 fiscal year driven by robust demand for passenger vehicles, two wheelers and commercial vehicles in the overseas markets. Overall exports last fiscal stood at 53.63 lakh (53,63,089) units as compared with 45 lakh (45,00,494) units in 2023-24 fiscal ending March 31, 2024. Passenger vehicle shipments rose by 15 per cent to 7,70,364 units last fiscal as against 6,72,105 units in FY24. The segment reported its best ever yearly performance last fiscal driven by demand for global models being manufactured in India, industry body SIAM stated. With manufacturing quality improving, some companies have also commenced exporting to developed markets, it added. Utility vehicle dispatches led the space with dispatch of 3,62,160 units, a growth of 54 per cent, as compared with 2,34,720 units in FY24. Two-wheeler exports increased by 21 per cent to 41,98,403 units last fiscal as against 34,58,416 units in

India's auto sector sees $1.5 billion in deals in Q1 2025 despite IPO lull

Mergers and acquisitions (M&A) continued to gain momentum, recording nine deals worth $359 million-marking the third straight quarter of growth

PV sales up 2% in FY25 on utility vehicle demand, says industry group

Most segments clock growth, commercial vehicle numbers decline: SIAM

Nifty Auto rises 3.4% as Trump hints at tariff exemption for auto imports

After Trump announced sweeping tariffs on April 2, the Nifty Auto index had dropped over 10 per cent.

European car major Volkswagen may drive more global models into India

The brand's India strategy remains focused on selective participation in segments where it can use its global resources

Niti Aayog seeks fiscal support to boost auto component manufacturing

NITI Aayog on Friday suggested the government to provide fiscal incentives for auto components manufacturing and to develop brownfield large-scale auto clusters for positioning India as a key player in global automotive markets. The report titled "Automotive Industry: Powering India's Participation in Global Value Chains" was launched by NITI Aayog Vice Chairman Suman Bery. The report envisions the country's automotive component production growing to USD 145 billion, with exports tripling from USD 20 billion to USD 60 billion by 2030. "The government should provide operational expenditure (Opex) support to scale up manufacturing capabilities, with a focus on capital expenditure (Capex) for tooling, dyes, and infrastructure," it said. It outlines several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector. "The government should also support cluster development for fostering collaboration between firms through com