Page 3 - Automotive Industry

Tractors carve fresh growth furrows across FY26 auto sector landscape

Farm wheels spin past autos powered by strong monsoon, rising MSPs, and M&M's market grip

Rare earth crisis: Indian companies hopeful as global panic sets in

With China tightening rare earth exports, Indian firms eye domestic incentives and stockpiling, as global automakers and medical device makers face rising supply fears

Auto firms need to think innovatively to attract buyers back to small cars

Car-market executives attribute the drop in small-car sales to stagnating incomes across the board, with only 12 per cent of Indian households earning over ₹12 lakh annually

Auto index surges 16% in 1 month; What's fuelling the index's rally?

The BSE Auto index, the top gainer among sectoral indices, was up 1.3 per cent at 01:36 pm, as compared to 0.16 per cent decline in the BSE Sensex.

Skoda Auto Volkswagen India announces key leadership appointments

Ashish Gupta and Nitin Kohli appointed brand directors at Skoda and Volkswagen as SAVWIPL aligns leadership strategy with local market understanding

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

TVS Motor Q4 net profit soars 67.5% to ₹648.16 crore on strong demand

The company's revenue from operations increased by 16.09 per cent Y-o-Y to ₹11,542 crore in the fourth quarter

India's PV volume to cruise past 5 million in FY26 despite slow growth

As volume growth slows, original equipment manufacturers (OEMs) will rely on premiumisation and better product mix to protect margins

CARS24 acquires Team-BHP, aims to strengthen India's automotive community

CARS24's involvement is focused on strengthening Team-BHP's product, technology and AI capabilities to improve the experience of its readers and community members

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