Automotive Industry

Hero MotoCorp halts production at 4 plants to navigate supply alignment

Hero MotoCorp on Thursday said it will suspend production at four of its plants from April 17 to April 19 in order to undertake short-term supply alignment. The company will utilise the period to carry out maintenance activities at the facilities. "We would like to inform you that production will be temporarily paused from April 17 to 19, 2025, at four of our manufacturing plants, Dharuhera, Gurugram, Haridwar, and Neemrana, as we navigate a short-term supply alignment," the country's largest two-wheeler maker said in a statement. During this planned pause, the company is taking the opportunity to carry out maintenance, upkeep, and facility enhancements to further strengthen operations, it added. Production will resume on April 21, 2025, the company said. "Our Tirupati and Halol plants will continue to operate during this time," it noted. The production pause will not impact the company's ability to meet retail demand across domestic and international markets, Hero MotoCorp said.

NITI Aayog calls for reforms to treble auto parts exports in five years

The report envisions India advancing to approximately $145 billion in automotive component manufacturing by 2030

Volkswagen to introduce 'import fee' on cars hit by 25% tariffs: Report

Trump's 25 per cent auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually

Govt backs EV tariff cuts for Trump trade deal, defying autos lobby: Report

The automakers are lobbying Prime Minister Narendra Modi's government to delay any cut in EV tariffs until 2029, and then phase in a reduction to 30 per cent from as high as roughly 100 per cent

Car sales in India hit a speed bump in FY25; slow lane ahead in FY26

Moreover, domestic PV sales in March stood between 380,000 and 390,000 units compared to 368,016 units in the corresponding month last year

L&T Technology Services bags Euro 50 million deal with European automaker

The deal will focus on the development and operation of next-generation software platforms tailored to both current and upcoming vehicle models

Trump's auto tariffs boost car rental demand; Hertz and Avis shares surge

The new levies could add thousands of dollars to the cost of an average vehicle in the United States

European automakers decry Trump's auto tariffs that will 'punish consumers'

European automakers, already struggling with tepid economic growth at home and rising competition from China, on Thursday decried the US import tax on cars as a heavy burden that will punish consumers and companies alike on both sides of the Atlantic. The new 25 per cent import tax announced by President Donald Trump on Wednesday will hurt global automakers and US manufacturing at the same time," the European Automobile Manufacturers' association said in a statement. The head of Germany's auto industry association, VDA, said the tariffs would weigh on car makers and every company in the deeply interwoven global supply chain "with negative consequences above all for consumers, including in North America. The consequences will cost growth and prosperity on all sides, Hildegard Mller said in a statement. The stakes are enormous for BMW, Volkswagen, Mercedes-Benz, Volvo, Stellantis and their vast network of suppliers, as well as the entire European economy. The US is the biggest expor

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

Tata AutoComp Systems acquires IAC Sweden to expand global operations

The acquisition is undergoing European regulatory approval, expected to be completed within two to three months

All green tech should have fair taxation: Toyota Kirloskar India head

Brazil's market-driven fuel pricing allows flexible fuel blending

GM, Hyundai in talks to share pickups, electric vans in North America

Both automakers also face geopolitical tensions heightened by tariffs being levied or threatened by US President Donald Trump, which could curtail their ability to use imported components

German carmakers weigh price, production shifts to soften tariff impact

Trump earlier in March agreed to exempt automakers for a month from his punishing 25 per cent tariffs on Canada and Mexico if they complied with existing free trade rules

Kia India to hike car prices by up to 3% from April to offset input costs

Kia India on Tuesday said it will hike vehicle prices up to 3 per cent from April in order to offset the impact of rising input costs. The price hike, effective from April 1, 2025, is primarily due to rising commodity prices and escalating supply chain-related costs, the automaker said in a statement. "As a brand committed to providing exceptional value and quality to our customers, we have always strived to offer the best vehicles at competitive prices," Kia India Senior Vice President (Sales and Marketing) Hardeep Singh Brar said. However, due to the rising costs of commodities and input materials, the automaker will be increasing up to 3 per cent price across all models, effective from April 1, he added. "While we understand that price adjustments can be challenging, this decision has been made to ensure we can continue delivering the high-quality, technologically advanced vehicles that our customers expect from Kia," Brar said. To minimise the impact on the customers, Kia is .

Moody's downgrades Volkswagen on sector headwinds, competition in China

Last week, Volkswagen forecast another challenging year of ramping up EV sales, cutting costs and navigating trade tensions amid fierce competition with cheaper and faster rivals in China

India's CV industry wholesale volumes to grow at 3-5% in FY26: Icra

Capital expenditure in the CV industry is also expected to rise significantly to Rs 58-60 billion in FY25 and FY26, up from Rs 34 billion in FY24

India's auto parts companies eye a bigger share of the export market

An ACMA-BCG report has targeted Indian auto component exports to hit $100 billion - nearly a fivefold increase from $21 billion currently

Microchip Technology to lay off 2,000 employees amid weak automotive demand

The company expects to incur between $30 million and $40 million of costs related to the layoffs, consisting of cash severance and related restructuring expenses

Govt singles out VW in $1.4 bn tax dispute, says Kia corrected course

India says Volkswagen used a clandestine scheme to import auto parts in separate shipments, to evade detection and cut taxes, instead of declaring items as "completely knocked down"

Tesla must price India models competitively as buzz around entry grows

Tesla has also ended its true low-cost Model 2 efforts a year ago, shifting its focus to robotaxi and robotics plans