Page 9 - Automobile Industry

Donald Trump's tariffs threaten India's slowdown-hit auto parts makers

Trump first targeted fully assembled vehicles with a 25% duty from April 3, while additional tariffs on car parts like engines, transmissions, and electrical systems are set to take effect on May 3

Trump's auto tariffs to have minimal impact on India's auto sector: GTRI

The implications of the US announcement to impose 25 per cent import duty on completely built vehicles and auto parts from April 3 remain limited for India's auto industry and may even present an opportunity for domestic exporters, think tank GTRI said on Thursday. On March 26, US President Donald Trump announced a sweeping 25 per cent tariff on completely built vehicles (CBUs) and auto parts, a move set to take effect on April 3. "An analysis of India's auto and auto component exports in calendar year 2024 suggests that the impact of these tariffs on Indian exporters will be minimal," Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. In the case of passenger cars, the think tank said India exported a modest USD 8.9 million worth of vehicles to the US in 2024, which is just 0.13 per cent of the country's total exports of USD 6.98 billion. He said this negligible exposure implies the tariffs will have no real effect on India's thriving car export business and in

Uno Minda, Motherson Sumi, M&M: Top bets by Nuvama ahead of March'25 sales

According to analysts at Nuvama, the tractor industry volumes are expected to grow in double digits, with an approximately 16 per cent Y-o-Y increase in the domestic market

Used-car sales likely to outpace new ones in FY26 as demand surges

Secondhand-car market seeing strong growth in Bengaluru, Hyderabad, Pune

TN gets major PLI projects in electronics, automobile, says Sitharaman

Tamil Nadu has emerged as a key beneficiary under the Production-Linked Incentive (PLI) scheme, receiving a significant share of projects in the electronics and automobile sectors, Union Finance Minister Nirmala Sitharaman said. Addressing an event organised by Chennai Citizens' forum on Saturday evening, Sitharaman dismissed charges of the state government that the Centre has neglected Tamil Nadu in terms of funding. She said major 'big ticket' projects have been announced and are progressing at various stages of implementation across the State. "Tamil Nadu has been the largest beneficiary under the PLI- scheme in electronics, electronic parts and automobiles. Out of the 27 companies that have received approval from the Centre, 7 are based out of Tamil Nadu," the Union Minister of Finance and Corporate Affairs noted. Sitharaman highlighted that 25 per cent of the companies availing benefits from the PLI scheme are from the state, she said drawing applause from the audience at the

Italian super-luxury carmaker Lamborghini's India drive: Catch them young

India ranks 6th in Asia-Pac for the Italian super luxury carmaker

Renault India to hike prices of entire model range by up to 2% from April

Automaker Renault India on Thursday said it will increase prices of its entire model range by up to 2 per cent from April. The extent of the increase will vary for different variants and models, the company said in a statement. The decision comes in response to the constantly increasing input costs that the company has been absorbing for a significant period, it added. "Despite our best efforts to maintain prices for a long time, the sustained increase in input costs has necessitated this price adjustment," Renault India Country CEO and MD Venkatram Mamillapalle said. The company has been absorbing these costs for a long time to support customers, but to continue providing the best quality and innovative products, a price revision has become inevitable, he added. This is the first price hike announced by Renault India since Feb 2023, the automaker noted. Various carmakers, including Maruti Suzuki, Hyundai, Tata Motors, Kia India and Honda Cars, have already announced plans to hik

Hyundai Motor India announces up to 3% price increase from April 2025

The company announced the price increase owing to rising input costs, increased commodity prices, and higher operational expenses, among other reasons

Tata Motors, Maruti to hike prices from April amid rising input costs

Tata Motors announced a price increase of up to 2 per cent across its CV range, effective April 1

EV companies' mindset should be of a startup: TI Clean Mobility MD

Gupta spoke about the company's growth roadmap, export plans, and upcoming launches

BMW sees tariffs, China sales decline weighing on carmaking profit

BMW shares declined as much as 4.5% on Friday. The stock has fallen more than 20% over the past year

Analysts cautiously optimistic on Tata Motors amid JLR vol concerns in FY26

Analysts are cautious about JLR's performance in FY26, especially with the discontinuation of Jaguar models and a weaker outlook in China, a key market for JLR.

JLR-Tata plant in Tamil Nadu will reach peak capacity in 5-7 years: TaMo

The company further added that the specific models and production timelines will be aligned with Tata Passenger Electric Mobility (TPEM) and JLR broader strategy and market requirements.

Carmakers dangle deep discounts to lure buyers back into showrooms

Benefits in March range from Rs 35,000-4 lakh price cuts on various models

Weak earnings, tougher financing norms drive auto retail sales down

PVs dip 10% in Feb; M&M breaks into number two spot for first time

Automobile retail sales drop 7% in February amid slowing demand: Fada

Automobile retail sales across categories, including passenger vehicles and two-wheelers, witnessed a drop of 7 per cent in February amid declining demand, dealers' body FADA said on Thursday. Overall retail sales in the domestic market stood at 18,99,196 units last month, registering a dip of 7 per cent compared to 20,46,328 units in the year-ago period. "February witnessed a broad-based downturn across all categories," Federation of Automobile Dealers Associations (FADA) President C S Vigneshwar said in a statement. During the month, dealers began expressing concerns about inventory being pushed to them without their consent, he added. "While such initiatives may serve broader business objectives, it is critical to align wholesale allocations with genuine demand to protect dealer viability and ensure healthy inventory management," Vigneshwar stated. Passenger vehicle retail sales declined 10 per cent year-on-year to 3,03,398 units in February. "Dealers noted weak market sentim

Tesla entering India with much fanfare but latter a challenging mkt for EVs

The potential impact on domestic EV manufacturers, government policies, and the broader market also remain subjects of speculation

Two-wheeler sales see mixed ride in February; exports remain bright spot

Enfield, TVS see growth while Bajaj, Hero struggle

Revolt expects volume sales to jump 3x in FY26, says Anjali Rattan

After unveiling the new model, Anjali Rattan told reporters: "The sales this financial year will be about 13,000-14,000 units. We expect the sales in the next financial year to be about 40,000 units"

Tesla recalls nearly 380,000 vehicles in US over power steering issue

Tesla said some 2023 Model 3 sedans and Model Y crossovers which run on older software may experience an overvoltage breakdown