Page 2 - Automobile Manufacturer

Automobile exports rise 26% in Q2 on record PV, two-wheeler sales: Siam

Automobile exports from India rose 26 per cent year-on-year in September quarter driven by highest-ever shipments of passenger vehicles, two-wheelers and three-wheelers during the period, as per the latest data released by industry body SIAM. Passenger vehicle exports grew 23 per cent to 2,41,554 units in September quarter as against 1,96,196 units in the same period of last fiscal. Passenger car exports grew 20.5 per cent to 1,25,513 units in the second quarter as against 1,04,196 units in the September quarter of last fiscal. Similarly, utility vehicle shipments rose 26 per cent annually to 1,13,374 units in the July-September period. Van exports also grew 39 per cent year on year to 2,667 units in the year-ago period. Maruti Suzuki India led the space with shipments of 2,05,763 units followed by Hyundai Motor India with 99,540 units in the period under review. Two-wheeler exports saw an increase of 25 per cent to 12,95,468 units in July-September period as against 10,35,997 un

India's logistics cost to reduce to single digit by December: Gadkari

Logistics cost in India will come down to single digit by December this year, helped by rapid expansion of expressways and economic corridors, Union Minister Nitin Gadkari said on Friday. Addressing ASSOCHAM Annual Conference 2025, Gadkari further said a recent report prepared by IIT Chennai, IIT Kanpur and IIM Bangalore has revealed that India's construction of expressways and economic corridors has helped reduce the country's logistics cost to 10 per cent from 16 per cent earlier. "India's logistics cost will come down to 9 per cent by December, which will help India become more competitive. I am sure that 100 per cent it is going to give benefit to our industry, our exports will be more competitive," he said. Logistics cost is 12 per cent in the US, 12 per cent in European countries and 8 to 10 per cent in China. Talking about India's automobile sector, the minister said, "Within five years, our target is to make India's automobile industry the number 1 in the world." "When I t

Q2 results preview: Robust volumes likely drove auto sector growth

But margins may have lost traction due to higher discounts, ad spends

MG Cyberster drives JSW MG Motor India to second spot in luxury EV segment

Strong sales of the MG Cyberster and M9 Presidential Limousine push JSW MG Motor to the No.2 position in India's luxury EV space, with demand soaring across cities

M&M cuts Bolero prices below ₹10 lakh, ramps up production capacity

Mahindra & Mahindra expands Bolero production under the NU iQ platform and reduces prices across variants, bringing the entire SUV range below ₹10 lakh

Hero MotoCorp rides the festival season tide, with GST winds at its back

Hero MotoCorp outpaces peers with 28% stock gains driven by strong festive demand, GST-led affordability boost, and rising scooter and export sales

Tata Motors announces leadership transition amid demerger plans

Tata Motors announced major leadership changes as it prepares to demerge its commercial vehicle business into TML Commercial Vehicles Ltd, effective October 1, 2025

JLR India operations remain unaffected by UK plant shutdown, cyber-attack

Jaguar Land Rover's India operations are not impacted by UK plant shutdowns after cyber-attacks, with sufficient inventory supporting demand for cars and spare parts

Rising exports, SUVs to drive Hyundai India earnings; Nomura retains 'Buy'

Also, the recent data supports this outlook, with Hyundai Motor India reporting a 50 per cent jump in bookings in the past few days, signaling strong consumer demand.

From EVs for India to raising output, Hyundai Motor outlines 2030 plans

Hyundai Motor projects 60 per cent EV sales share by 2030, unveils India's first locally designed EV and outlines regional strategies, battery upgrades and global production goals

Rare-earth squeeze puts electric two-wheeler firms, suppliers at odds

OEMs seek temporary exemption to keep subsidy and avoid shutdowns

Small SUV segment may see maximum growth after GST relief: Hyundai COO

Hyundai COO Tarun Garg said the small SUV segment, already the biggest in India, could see maximum growth after GST cuts, aided by urban demand, pay hikes and rising aspirations

Auto firms assure all cars made since 2023 can run safely on E20 fuel

Automakers including M&M, Tata Motors and Hyundai confirm vehicles made since 2023 are safe on E20 fuel, countering fears as Gadkari calls social media criticism politically driven

India's automobile industry is on threshold of transformation: Minister

India is now among the fastest-growing electric vehicle markets in the world, as over 1 million EV units were sold in the country in 2024-25, Union Minister HD Kumaraswamy said on Wednesday. The minister for heavy industries and steel asserted that India's automobile industry is on the threshold of transformation, transitioning from internal combustion to clean mobility, and from the domestic market to global aspirations. "In 2024-25, India sold over one million electric vehicles, with electric two-wheelers growing 21 per cent and electric three-wheelers growing 57 per cent. India is now among the fastest-growing electric vehicle markets in the world," Kumaraswamy said. The minister made the remarks while delivering a video message at the Auto Retail Conclave organised by the Federation of Automobile Dealers Associations (FADA) here.

Indian auto stocks add $33 bn in value as GST cut boosts demand, profits

BSE Ltd's measure of 20 auto firms has added about $33 billion in market value since August 15 when Prime Minister Narendra Modi first announced the government's plan to lower goods and services tax

Auto upcycle is here, says Morgan Stanley; Upgrades Maruti, Eicher, Hero

Among companies, Maruti Suzuki is expected to gain market share with new SUV launches and a revival in first-time buyers, prompting the brokerage to raise its target from ₹14,262 to ₹18,360.

From automobiles to agriculture, EY analysis on impact of GST rate change

Relief from long-pending disputes around GST rates on auto components with a single GST slab of 18%

Nomura backs auto rally post-GST cut; M&M, TVS Motor, Hyundai in fast lane

Nomura expects the GST cut to spark a volume surge of 5-10 per cent across categories, with passenger vehicles (PVs) and two-wheelers leading the growth.

Tesla's UK car sales rise in August despite broader auto dip, data shows

Britain's growing EV appetite contrasts with a 2 per cent decline in overall new-car registrations for August to 82,908 units, during what SMMT calls the "quietest month" for car sales

Ashok Leyland forays into battery ecosystem; Nomura analyses implications

Nomura noted that management remains mindful of internal rate of return (IRR) and intends to step up into full-fledged cell manufacturing only if reasonable returns are visible.