Page 8 - Automobile Industry

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

Warning lights flash for ER&D companies as auto sector runs low on fuel

ER&D downshifts on weak Q4, gloomy 2025; more downgrades loom

BMW India sees surge in electric vehicle sales in 2025: CEO Vikram Pawah

The company sold 3,914 cars in the January-March period, recording about 7 per cent year-on-year (Y-o-Y) growth. In 2024, the company's car sales increased by 11 per cent Y-o-Y to 15,721 units

Speed bumps in exports: Auto part makers hope for 'balanced resolution'

Sona BLW Precision Forgings, Bharat Forge gets and Motherson Group among Indian companies that earn a major source of their revenue from the US

Bharat Forge, Balkrishna Industries tank upto 6% on Trump's 25% auto tariff

The Nifty Auto index, which tracks the performance of auto stocks, dropped 1.46 per cent, to hit an intraday low of 21,095 points.

Hopeful of India-US trade talks to mitigate Trump tariff impact: ACMA

Automotive Component Manufacturers Association of India on Thursday said it is hopeful that the ongoing bilateral trade talks between India and the US will help mitigate the impacts of President Donald Trump's tariff orders and lead to a balanced resolution that benefits both economies. Reacting to Trump's announcement of tariffs on Wednesday as part of the 'Liberation Day' initiative, Automotive Component Manufacturers Association of India (ACMA) President and Chairperson and Managing Director (CMD) Subros Ltd Shradha Suri Marwah said autos and auto parts and steel and aluminium articles, already subject to Section 232 tariffs at 25 per cent, announced earlier in Trump's order on March 26, 2025, are not covered in the latest order. "The detailed list of auto components that will be subject to 25 per cent import tariff in the US is, however, awaited," she said. Marwah said ACMA understands the intent of the US administration to boost domestic manufacturing and address trade ...

Trump's auto tariffs to cover billions of dollars in vehicle, parts imports

The update of Trump's auto tariff proclamation from last week included nearly 150 auto parts categories that will face tariffs starting on May 3

Tesla sales plunge 13% to nearly three-year low amid growing challenges

The stumbling sales during the first quarter indicate that the one-time leading brand is reeling from the fallout of the company delaying launches for years, and Musk's foray into politics

US businesses get ready for more pain as Trump rolls out reciprocal tariffs

The US will now impose a 10 per cent baseline tariff on all imports to the country effective April 5 and higher duties on several of its biggest trading partners