Page 5 - Automobile Manufacturer

India's auto duty offer under UK FTA linked to engine, vehicle price quotas

India's duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is "very nuanced" with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, the import duty will be reduced over 10-15 years, the official said. "The duty cut and quota depends on engine capacity and price of vehicles. A lot of nuances are there in the auto sector. India's offer to the UK is very nuanced," the official added. India and the UK, on May 6, announced the conclusion of negotiations for the trade pact that will lower tariffs on 99 per cent of Indian exports and would make it easier for British firms to export whisky, cars and other products to India, besides boosting the overall trade basket. The aim is to double the two-way commerce by 2030 from the present USD 60 billion. Tariffs on automotive imports will b

Tata Motors bets on Altroz to 2x market share in premium hatchbacks

The 25,000-30,000 units a month premium hatchback segment accounts for nearly 6-7 per cent of passenger vehicle (PV) sales, and is dominated by models like Baleno of Maruti Suzuki

Renault Group seeks CCI nod to buy out remaining 51% stake in Indian JV

French auto major Renault group has sought approval from fair trade regulator CCI to buy out its Japanese partner Nissan's remaining 51 per cent stake in their Indian manufacturing joint venture -- Renault Nissan Automotive India Pvt Ltd. Renault Group B V and its nominee Renault SAS have proposed to acquire the entire shareholding of the Nissan entities in Renault Nissan Automotive India Pvt Ltd (RNAIPL). "The proposed combination relates to the acquisition of equity shares and fully paid-up zero-coupon non-convertible redeemable preference shares held by Nissan Motor Company Ltd Japan and Nissan Overseas Investments B V in the target (RNAIPL) by acquirer 1 (Renault Group B V) and its nominee, acquirer 2 (Renault SAS)," a notice filed with the Competition Commission of India (CCI) said on May 16. Renault Group B V is engaged in the designing and manufacturing of passenger cars and light commercial vehicles worldwide and Renault SAS is engaged in the construction, maintenance and ..

Nissan to cut over 10K more jobs globally amid deepening financial woes

It is set to announce on Tuesday results for the business year that ended in March. It warned last month it would likely book a record 700 billion yen to 750 billion yen

Hyundai Motor India to start production at Talegaon plant by end-2025

Hyundai Motor India Ltd on Tuesday said it is gearing up to commence operations at its manufacturing facility in Talegaon, Maharashtra, acquired from General Motors, in the fourth quarter of this calendar year. The company, which marked its 29th foundation day on Tuesday having sold a cumulative 1.27 crore units since inception on May 6, 1996, said it has also recently allocated Rs 1,500 crore towards revamp and modernisation of its Chennai manufacturing facility. "Envisioning India at the heart of global manufacturing and commerce, Hyundai began its journey with the country 29 years ago with a vision of mutual progress," Hyundai Motor India Ltd (HMIL) Managing Director Unsoo Kim said. He further said the company will "continue to drive transformation in products and services, while contributing meaningfully to the society". HMIL said it is geared up to commence operations at its new manufacturing facility in Talegaon, Maharashtra, in Q4 of calendar year 2025. The company had in

Old is gold: Pre-owned luxury cars outsell new in 2024 as demand surges

The overall Indian automotive market is moving towards premiumisation, a trend evident from the rising share of utility vehicles (UVs)

Ford starts preparatory work to resume operations at its Chennai plant

The automobile company also finalised the components to be manufactured from the Chennai facility and it may resume work in the second half of 2025

Why this smallcap auto stock fell 10% in trade on Apr 28? Check details

M&M's board has approved acquiring Sumitomo Corporation's 44 per cent stake in the company at a price of ₹650 per share along with Isuzu Motors 15 per cent stake at the same price of ₹650 per share.

Commercial vehicle sales may touch 1 mn mark in FY26 after 7 yrs: Crisil

LCVs to account for 62% of volumes

PV sales up 2% in FY25 on utility vehicle demand, says industry group

Most segments clock growth, commercial vehicle numbers decline: SIAM

Nissan to launch 7-seater MPV in last quarter of FY26, 5-seater SUV in FY27

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 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

RBI rate cut will benefit auto sector, create positive sentiment: SIAM

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 .

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

President Donald Trump's punishing tariffs stun US' automaker allies

Mexico, Japan, and South Korea, along with Canada, account for about 75 per cent of US vehicle imports

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

Maruti Suzuki to invest over ₹7,410 cr to set up third plant in Haryana

The new plant is likely to take the company's capacity in the region to 750,000 units per year by 2029

Ford to restart Chennai plant for engine export, no plans of car production

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

TaMo, Maruti Suzuki to hike vehicle prices to offset raw material costs

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