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The automotive business accounts for 40% of the company's revenue, and it is now sharpening its focus on lightweighting and NVH solutions, aligning with India's shift to electric mobility Germany-based Freudenberg Group's Indian arm is sharpening its focus on the electric mobility transition, with strategic emphasis on lightweighting and advanced noise, vibration and harshness (NVH) solutions. This move aligns with the Indian auto industry's transition towards new energy vehicles (NEVs). Freud ...Read More >
New Delhi: The Centre on Thursday exempted import of critical petrochemical products from customs duty for three months till June 30. The government, however, aims to give a huge relief to sectors such as pharmaceuticals, chemicals and textiles, among others, and ensure supply stability amid the ongoing West Asia crisis. Crucial chemicals like ammonium nitrate, methanol, and PVC for three months have been waived from import duty, starting April 2. As part of the emergency measure of the governm ...Read More >
New Delhi: The domestic automotive metal forming market of India is projected to nearly double to $90-95 billion by FY30, growing at around 12 per cent annually, as global supply chain realignments drive value concentration toward process-led manufacturers, a report has said. As per Avendus Capital analysis, India's auto component industry -- casting, forging, stamping and machining -- crossed $80 billion in size in FY25 and turned a net exporter during the year, with exports reaching approxima ...Read More >
Pune, 1 April 2026: Force Motors Limited, India's largest van maker and a leading automotive manufacturer, reported total domestic wholesales of 36,536 units in FY 2025-26, registering a 20% growth compared to 30,531 units in FY 2024-25. The year witnessed growth across the portfolio, owing to strong demand in both urban and rural passenger mobility segments and continued strength in institutional and defence businesses. The company's flagship, Force Traveller, maintains its leadership in the l ...Read More >
The government on Thursday (April 2, 2026) exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. On global tensions and India's ...Read More >
New Delhi: The Centre has exempted 40 critical petrochemical feedstocks and intermediates from customs duties until June end to shield domestic industries from supply issues caused by the Iran war, the Finance Ministry announced on Thursday. This includes vital inputs such as ammonia, which plays a key role in fertilizer production and supports India's food security needs. The ministry described the action as a "targeted relief" aimed at guaranteeing the steady flow of essential petrochemicals ...Read More >
NEW DELHI: The government on Thursday exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. In a statement, the finance ministry ...Read More >
Pune : EKA Mobility, a leading electric vehicles and technology company, today announced an exceptional 5X year-on-year volume growth in FY 2025-26. The company sold 1,143 units and produced 1,344 electric commercial vehicles. This milestone comes on the back of the company's widest and most comprehensive range of electric vehicles across segments. The company entered the M&HCV truck segment this year, in addition to its existing bus and SCV portfolio. EKA Mobility is a Champion OEM under the Au ...Read More >
NEW DELHI: The Centre has exempted 40 critical petrochemical feedstocks and intermediates from duties to cushion domestic industry from supply disruptions triggered by the Iran war, the finance ministry said on Thursday. The relief, which will be in place until end-June, covers key inputs such as ammonia used in fertilizer production, a critical component for food security. The ministry described the move as a "targeted relief" aimed at ensuring the availability of essential petrochemical inpu ...Read More >
New Delhi: In light of the ongoing conflict in West Asia and the consequent disruptions in global supply chains, the Government of India has decided to provide full Customs Duty exemption on critical petrochemical products till 30th June, 2026, the Finance Ministry said on Thursday. This measure, according to the ministry, has been taken as temporary and targeted relief to ensure the continued availability of critical petrochemical inputs for the domestic industry, reduce cost pressures on down ...Read More >
Gujarat Victory Forgings IPO | The proposed offer comprises a fresh issue of up to 65 lakh equity shares and an offer for sale of up to 1.32 crore equity shares by a promoter. Gujarat Victory Forgings Ltd has filed draft papers with the capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of up to 65 lakh equity shares and an offer for sale of up to 1.32 crore equity shares by a promoter, according to the draft red her ...Read More >
New Delhi: Amid the West Asia conflict, the Government of India exempted customs duty on key petrochemical products till June 30, 2026, Finance Ministry said on Thursday. Import duty was cut to benefit including plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments and also provide relief to the end users, i.e, the consumers, the ministry said. The government took the decision to remove customs duty on critical petrochemical products ...Read More >
New Delhi, Apr 2 (PTI) The government on Thursday exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. In a statement, the fina ...Read More >
New Delhi: High-frequency indicators released at the end of the fiscal year signalled that India's economy has stayed resilient despite disruptions stemming from the Gulf war. Goods and services tax collections grew 8.8% year-on-year in March, while domestic passenger vehicle sales recorded a strong 16.3% increase. Power consumption rose 1.8% to 149.56 billion units during the month and railway freight loading climbed 3.4% to 166.2 million tonnes. Digital payments also remained robust, with UP ...Read More >
Maruti Suzuki India has introduced a new service format called 'Quickstop', a compact, prefabricated facility designed to deliver routine maintenance and minor repairs in locations with high vehicle density. The company said the format uses modified container-based units equipped with essential tools and equipment. These units are intended to be deployed in areas such as corporate campuses, airport zones and fleet hubs, where vehicles are parked for extended periods. The objective is to reduce ...Read More >
Electric car sales in India jump 82% in FY26, nearing 200,000 units as new launches and wider choices drive adoption. Electric passenger vehicle sales rose 82% year-on-year in FY26 to 196,754 units, nearing the 200,000- mark, as wider model availability and increased participation by automakers supported adoption. The segment had recorded sales of 108,336 units in FY25 and 90,998 units in FY24, indicating an acceleration in growth compared with the 19% rise seen last year. Industry executives ...Read More >
New Delhi: Domestic passenger vehicle sales rose by 16% in March, elevating annual volumes to a record 4.7 million vehicles in the just-ended fiscal year, largely fuelled by enhanced affordability after tax cuts last September and introduction of several new models. Sales of cars, sedans, and utility vehicles rose 8.3% to 4.7 million units in FY26, from 4.34 million units the year before. The Centre cut the goods and services tax (GST) on passenger vehicles with effect from September 22. Compan ...Read More >
New Delhi, Apr 1 (PTI) Homegrown automaker Mahindra & Mahindra has become the second-largest passenger vehicle maker by volume in the Indian market in 2025-26, riding on its SUVs. Mahindra & Mahindra overtook long-time number two player Hyundai Motor India and homegrown rival Tata Motors Passenger Vehicles Ltd in FY26. Maruti Suzuki is the market leader in India. According to sales data released by automakers, Tata Motors Passenger Vehicles Ltd was the third-largest by sales in FY26, ahead of ...Read More >
New Delhi [India], April 1 (ANI): India's leading automobile manufacturers reported strong sales momentum in March and the fourth quarter of FY2025-26, with companies such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Ashok Leyland and Eicher Motors registering growth across key segments, including SUVs, commercial vehicles and exports. The performance reflects continued demand for passenger vehicles and steady growth in commercial vehicle sales as the financial year ...Read More >
New Delhi [India], April 1 (ANI): India's leading automobile manufacturers reported strong sales momentum in March and the fourth quarter of FY2025-26, with companies such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Ashok Leyland and Eicher Motors registering growth across key segments, including SUVs, commercial vehicles and exports. The performance reflects continued demand for passenger vehicles and steady growth in commercial vehicle sales as the financial year ...Read More >
New Delhi, Apr 1 (PTI) Passenger vehicle sales in India scaled a new high of 47 lakh units in 2025-26, riding on record performance by automakers such as Maruti Suzuki India, Tata Motors and Mahindra & Mahindra with GST 2.0 revving up sales in the second half of the fiscal. While the industry is looking forward to carrying forward the sales momentum in the new fiscal, it is closely monitoring the West Asia war to mitigate potential supply-side risks and the possibility of impact on demand due t ...Read More >
SYNOPSIS: India's auto sector showed mixed performance in March 2026, with strong growth in SUVs and EVs, while export weakness and segmental variations highlighted evolving demand trends across manufacturers. March 2026 turned out to be a mixed yet eventful month for India's automobile sector, with performance varying across companies and segments. While several automakers reported strong year-on-year growth, particularly in SUVs and electric vehicles (EVs), others faced pressure from weaker e ...Read More >
New Delhi, April 1 (SocialNews.XYZ) India's automobile sector ended March 2026 on a strong note, with major carmakers reporting record sales driven by steady demand, new launches, and expanding customer reach. Kia India emerged as one of the top performers, posting its highest-ever March sales since entering the Indian market. The company sold 29,112 units during the month, marking a 14.5 per cent year-on-year growth compared to 25,525 units in March 2025. The automaker also recorded its best ...Read More >
On the other hand, Bengaluru led home sales with 17991 units, followed by Pune with 16144 units and Thane with 15959 units. "Housing sales continued to moderate in the first quarter of 2026, with Delhi-NCR and Bengaluru emerging as outliers. This reduction is due to low supply across most cities. Close to 22,000 fewer units were supplied in Q1 2026 as compared to the same period last year," Samir Jasuja, founder and CEO, PropEquity, said. While Bengaluru led with 17,991 units sold, followed by ...Read More >
New Delhi: Indian prominent automobile manufacturer Mahindra & Mahindra on Wednesday announced that overall auto sales for March 2026 stood at 99,969 vehicles, marking a growth of 21 per cent including exports. Utility Vehicles domestic sales touched 60,272 units in March, up 25 per cent, while overall UV sales including exports reached 62,109 units. Domestic Commercial Vehicles sales for the month were 24,928, marking a growth of 11 per cent. The company reported year‑to‑date exports rising 1 ...Read More >
New Delhi, Apr 1 (PTI) Auto components maker Kay Jay Forgings Ltd has filed draft papers with markets regulator Sebi to raise Rs 360 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating to Rs 300 crore and an offer for sale (OFS) of shares worth Rs 60 crore by promoters, taking the total issue size to Rs 360 crore, according to the draft red herring prospectus (DRHP). The company may also consider a pre-IPO placement of up to Rs ...Read More >
New Delhi [India], April 1 (ANI): India's auto components industry is poised for structural growth as global supply chains realign, with process-led manufacturers expected to emerge as key beneficiaries, according to a report by Avendus. The report highlighted that the global automotive sector is undergoing a "structural reset," driven by electrification, cost pressures, and geopolitical shifts, which is prompting original equipment manufacturers (OEMs) to rethink sourcing strategies. "Cost opt ...Read More >
Bangalore (Karnataka) [India], April 1: The Freudenberg Group proves resilient amid economic and geopolitical challenges during fiscal year 2025. Strengthened by its investments, Freudenberg remains financially robust, strongly positioned for investment, and strategically capable despite the challenging conditions. During fiscal year 2025, Freudenberg achieved sales of EUR11,731.9 million. The figure was slightly below the previous year's level of EUR11,947.5 million, showing a 1.8 per cent decl ...Read More >
Sanand (Gujarat), March 31 (SocialNews.XYZ) Prime Minister Narendra Modi said on Tuesday that the start of production at Kaynes Semicon's OSAT facility in Sanand demonstrates the speed and growth of India's semiconductor ecosystem and its increasing integration with global supply chains. Speaking at the inauguration of the plant, the Prime Minister noted the close timing of developments in the sector. "On February 28, production began at Micron Technology's facility, and today, on March 31, pr ...Read More >
New Delhi, Mar 30 (PTI) Railway components maker Pioneer Fil-Med Ltd has filed draft papers with the markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO). The proposed issue comprises a fresh issue of equity shares aggregating Rs 250 crore and an Offer For Sale (OFS) of shares worth Rs 250 crore by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Sunday. The OFS includes stake sales by promoter Pioneer Facor IT Infradeveloper ...Read More >
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