LCVs to account for 62% of volumes
Most segments clock growth, commercial vehicle numbers decline: SIAM
Japanese automaker Nissan on Sunday said the company is set to launch in India a seven-seater multi-purpose vehicle in the last quarter of the 2025-26 fiscal, and a five-seater compact SUV towards the end of the April-June quarter of 2026-27. As part of its plans to reshape new products for the India business, Nissan had earlier announced the launch of the seven-seater B-MPV (multi-purpose vehicle) and two compact SUVs (in five and seven-seater configurations), besides the existing new Magnite and the X-TRAIL. "Let me be very clear, we will focus only on SUVs. These will have Japanese DNA and very strong Nissan technologies... We are now ready to share the timing of the new launches: the B-MPV seven-seater is going to come out in the last quarter of this fiscal, while the C-SUV (five-seater) will come at the end of the first quarter (2026-27 fiscal)," Nissan Motor India Managing Director Saurabh Vatsa said. Vatsa said the timeline for the launch of the seven-seater compact SUV will
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
Automotive sector will benefit from the Reserve Bank of India cutting the key interest rate by 25 basis points as it will decrease financing costs and create positive sentiments in the market, the Society of Indian Automobile Manufacturers said on Wednesday. The Reserve Bank of India (RBI) cut interest rates for a second consecutive time by cutting the repurchase or repo rate by 25 basis point to 6 per cent. It had reduced rates by an equal measure in February -- the first cut since May 2020. The move lowers borrowing costs to the lowest level since November 2022, amid easing inflation and a fall in oil prices. Reduction in rates at this time would have a positive impact on the auto sector, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra said in a statement. Chandra, who is also Managing Director of Tata Passenger Vehicles Ltd & Tata Passenger Electric Mobility Ltd, further said, "It will increase accessibility by reducing the financing costs, thereby .
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 ...
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
Mexico, Japan, and South Korea, along with Canada, account for about 75 per cent of US vehicle imports
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
The new plant is likely to take the company's capacity in the region to 750,000 units per year by 2029
This decision aligns with Ford's global strategy. The company already exports components from Sanand, Gujarat, where it sold most of its factory to Tata Motors in 2022
Tata Motors will hike prices of its commercial vehicles, including trucks and buses, by up to 2% from April, while Maruti Suzuki said it will increase car prices by as much as 4% next month
According to data released by the Society of Indian Automobile Manufacturers (SIAM), PV wholesales reached an all-time high for February, hitting 377,689 units, a 1.9 per cent increase from the same m
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.
Takashi Nakajima will succeed Takuya Tsumura, who will return to Japan to join Honda's headquarters after completing his three-year tenure in India
The White House on Wednesday said Trump would exempt automakers from his punishing 25 per cent tariffs on the two countries for one month as long as they comply with existing free trade rules
Mahindra South Africa, the local subsidiary of the Indian automative giant, has signed a Memorandum of Understanding with the Industrial Development Corporation (IDC) to undertake an in-depth feasibility study on the potential establishment of a Completely Knocked Down (CKD) vehicle assembly facility in the country. Mahindra South Africa is also in the process of increasing its productive capacity at its assembly facility operation by AIH Logistics in KwaZulu-Natal province as it enters a third decade in the country, which it often refers to as "Mahindra's second home." Reaching the milestone of our 25,000th locally assembled Pik Up is (a) testament to Mahindra's growing footprint and long-term commitment to South Africa," said Rajesh Gupta, CEO of Mahindra South Africa. "As we continue to strengthen our operations, this MoU allows us to explore the feasibility of expanding our local assembly capabilities. This study will provide valuable insights into the potential for deeper ...
The company's previous three facilities are located in Gurgaon and Manesar in Haryana and Hansalpur in Gujarat, with a combined annual production capacity of 2.35 million units
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"
BMW's plant in South Carolina is its biggest worldwide by output and a major exporter to markets including China, Germany, and Britain