Page 8 - Automobile Industry

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

Delhi govt considers series of green measures to boost EV adoption

Rs 2K-10K cess on non-EVs older than 10 years, pollution cess on petrol under consideration

Women in the driver's seat: Is India's auto sector ready for change?

The car shopping experience remains a man's world: By men and for men

Auto retail sales grew 6.5% in FY25, may face headwinds, says Fada

Dealers concerned about ongoing tariff war and its potential impact on sales in India

JLR's North America wholesale volumes up in Q4 ahead of Trump's tariffs

JLR posts flat volume growth for FY25

Automobile sales up 6% in FY25, dealers cautiously upbeat on FY26: Fada

Automobile retail sales in India rose 6 per cent to 2,61,43,943 units in FY25 with rural areas performing better than urban regions across passenger vehicle and two-wheeler segments, dealers' body FADA said on Monday. The last financial year saw growth in sales of passenger vehicles, two-wheelers and three-wheelers. Registrations of commercial vehicles and tractors however saw a dip in FY25 as compared to FY24. Overall retail sales stood at 2,45,58,437 units in the 2023-24 fiscal. As per FADA, passenger vehicle retail sales witnessed an increase of 5 per cent to 41,53,432 units last fiscal as compared to 39,60,602 units in FY24. Two-wheeler registrations rose 8 per cent to 1,88,77,812 units as compared to 1,75,27,115 units in 2023-24 fiscal. "FY25 truly showcased how adaptable and resilient India's auto retail sector can be... Key highlight this year was the strong performance in rural areas," FADA President C S Vigneshwar said in a statement. In the two-wheeler space, rural mar

Tata Motors' arm Jaguar Land Rover may look to clear US inventory fast

Analysts feel company will focus on profitable growth besides volume growth JLR likely to have 1-2 months' inventory in US which will now liquidate faster