Page 2 - Automotive Industry

Hyundai Motor India up 3%, at new high on signing long-term wage settlement

At present levels, Hyundai Motor India stock trades at 39 per cent premium when compared with its issue price of ₹1,960 per share last year.

Hyundai to hike employee salaries by ₹31,000 per month over 3 years

Hyundai Motor India and the United Union of Hyundai Employees have signed a three-year wage settlement effective April 2024, offering an industry-best salary hike and enhanced employee welfare

India's auto-component industry to touch $200 bn by 2030: McKinsey

Domestic autocomp sales are projected to grow 7-8 % per annum until financial year 2030

Govt, auto industry need to work together to achieve self-reliance: PM Modi

PM also noted that there are multiple investment and collaboration opportunities as the nation is progressing towards smart and green mobility

Auto dealers shower discounts before GST shift with 600k vehicles in stock

Overall amount paid by dealers in compensation cess is estimated to be in excess of Rs 4000 crore

Auto Inc's big data move: Vahan likely to take the wheel by January

OEMs already favour retail market share based data to forecast production and dispatches

India, Mexico top global auto investments in H1 2025 despite slump

India and Mexico attracted the most auto projects in H1 2025, though global investment value nearly halved, reflecting EV policy uncertainty and shifting supply chain strategies

Motilal Oswal sector of the week: Automotive ER&D; check top stock to buy

According to Motilal Oswal Financial Services Research, the the medium-term outlook for global automotive engineering research and development sector remains robust

Auto firms split over GST rejig impact on car and two-wheeler sales

Maruti Suzuki India Chairman R C Bhargava said that GST on cars is currently 28 per cent, with a cess on larger cars pushing the total burden to 40-45 per cent

M&M shifts gear for global next-gen SUVs, expanding capacity and sites

Mahindra & Mahindra unveils new SUVs based on NU_IQ platform for global markets and announces plans to expand Chakan plant capacity by 240,000 units by FY27

Passenger vehicle sales decline marginally in July on muted demand: Siam

All vehicle segments posted stable performance in July 2025, though overall sentiments in the passenger vehicles segment have remained subdued

Bumpy road ahead? US tariffs likely to weigh on auto parts makers

An Icra report indicated that India was at a disadvantage to rivals like Japan, Vietnam, and Indonesia

Bharat Forge to Tata Motors: Why did auto stocks fall in trade on Thursday?

Bharat Forge and Samvardhana Motherson International shares fell over 3 per cent each after Trump imposed a 25 per cent tariff

India-UK trade deal: Smooth road ahead as luxury cars set to get cheaper

The India-UK Free Trade Agreement (FTA) is expected to lower tariffs, making high-end luxury cars and bikes more affordable. Brands like JLR, McLaren, and Triumph stand to benefit

Rare-earth magnet crisis a wake-up call for auto parts makers: Acma

ACMA highlights the vulnerability in India's auto component supply chain following China's rare earth magnet curbs, urging rapid localisation to mitigate risks

Stable policy framework essential for growth, says Stellantis India CEO

European auto major Stellantis believes a long-term stable policy framework and its uniform roll-out across different states in India is critical for automakers to execute business plans on a long-term basis. Stellantis, which has presence in India through brands like Jeep and Citroen, feels that policy framework should work informally across the nation so that the industry is able to execute long-term business strategies. In an interaction with PTI here, Stellantis India CEO and MD Shailesh Hazela said that any investor who comes to India would like to see a little longer horizon in terms of policies. "So our wishlist for the government is that whatever they decide to put across, it should be for a longer period," Hazela stated when asked about government actions which could propel growth of Indian auto industry. It would be great if there could be uniformity in policies across the country in terms of EVs (electric vehicles) and taxation so that companies could plan nationally and

LTTS, Thyssenkrupp to set up automotive software development centre in Pune

The strategic partnership will drive development of safety-critical software and next-gen steering systems for global markets, strengthening India's role in mobility innovation

India's auto firms to give double-digit salary hikes in FY26: Deloitte

Driven by demand for EV, AI and automation roles, the automotive industry is set to give the highest salary hikes in FY26, outpacing most other Indian sectors

Rare earth magnet disruption of over 30 days may hit vehicle output: Rpt

A disruption in rare earth magnet supplies lasting beyond a month can impact production of passenger vehicles, including electric models, weighing on the domestic automobile industry's growth momentum, a report on Tuesday said. Rare earth magnets, low in cost but critical in function, could emerge as a key supply-side risk for India's automotive sector if China's export restrictions and delays in shipment clearances persist, Crisil Ratings said in a statement. "The supply squeeze comes just as the auto sector is preparing for aggressive EV rollouts. Over a dozen new electric models are planned for launch, most built on PMSM platforms," Crisil Ratings Senior Director Anuj Sethi said. While most automakers currently have 4-6 weeks of inventory, prolonged delays could start affecting vehicle production, with EV models facing deferrals or rescheduling from July 2025, he added. A broader impact on two-wheelers and ICE PVs may follow if the supply bottlenecks persist for an extended peri

Tenneco names Mahender Chhabra as CFO for business operations in India

Global automotive supplier Tenneco on Monday announced the appointment of Mahender Chhabra as Chief Financial Officer of its India operations, with immediate effect. Chhabra will report to Tenneco India Chief Executive Officer (CEO) Arvind Chandra and work closely with the leadership team to support the company's strategic, financial, and operational goals, the company said. In his new role, he will oversee financial strategy and operations, compliance, and overall financial performance across Tenneco's Clean Air, Monroe Ride Solutions (MRS), Champion Ignition, and Powertrain (Bearings and Sealing) businesses in India, the company said. He joins the company from Motherson Sumi Wiring India Limited, where he served the position of CFO, it stated. "Mahender's depth of financial expertise and proven leadership will be key as we continue to strengthen our operational excellence and deliver value to customers across the region. His appointment underscores our commitment to long-term gro