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New Delhi, Sep 15: India has now surpassed Japan to become the third-largest automobile market globally, and the government is targeting the No. 1 position within the next five years, Union Minister for Road Transport and Highways, Nitin Gadkari, said on Monday. Unveiling an ambitious roadmap to position India as the world's leading hub for automobile manufacturing, green mobility, and infrastructure innovation at the 'International Value Summit 2025' here, the minister said all major global au ...Read More >
New Delhi, Sep 15 (UNI) Road Transport and Highways Minister, Nitin Gadkari today said that India has surpassed Japan to become the third-largest automobile market globally, and the government is targeting the number one position within the next five years. "All major global automobile brands are now present in India. Their focus has shifted from merely assembling to exporting vehicles from India to the world," Gadkari was quoted as saying in an official statement here. He unveiled an ambitiou ...Read More >
Pune: Automobile industry in India reported a mixed sales performance in August 2025 with passenger vehicle sales declining, while three-wheeler and two-wheeler segments registered growth, the Society of Indian Automobile Manufacturers or Siam said on Monday. Passenger vehicle sales dropped 8.8 per cent on year at 3.2 lakh units in August 2025, with the auto industry attributing the fall to recalibration of dispatches by manufacturers to dealers. On the other hand, the three-wheelers clocked i ...Read More >
New Delhi, Sep 15 (PTI) Luxury carmaker Mercedes-Benz is looking to increase prices early next year in order to offset the impact of a weakened rupee against the euro, according to the company's MD and CEO Santosh Iyer. The automaker has already increased prices by around 3.5-4 per cent this year. "We are still priced around 93-94 to the euro, and the euro today is at 103 level, which means we will be forced to take further price increases, maybe early next year," Iyer told PTI in an interacti ...Read More >
Mumbai, Sep 15 (PTI) Sterling Gtake E-Mobility Ltd (SGEM) has partnered with Chinese firm Landworld Technology for the local manufacturing of the on-board chargers and DC/DC converters as well as power distribution units. SGEM, a subsidiary of the automotive components maker Sterling Tools, expects the collaboration to generate around Rs 450 crore in business by FY30, the company said. SGEM also said it will manufacture these units at its electric vehicle campus in Faridabad under a technology ...Read More >
New Delhi, Sep 15 (SocialNews.XYZ) The Indian automobile industry witnessed contrasting trends in August, with passenger vehicle sales slipping as customers await the Goods and Services Tax (GST) reform's benefits that are scheduled to be effective from September 22, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday. Meanwhile, the two-wheeler and three-wheeler segments continued to expand last month. Passenger vehicle wholesales declined 8.8 per cen ...Read More >
New Delhi: Passenger vehicle dispatches from companies to dealers declined 9 per cent year-on-year to 3,21,840 units in August, as companies recalibrated supplies to adjust to low market demand. Passenger vehicle wholesales stood at 3,52,921 units in August 2024. Sales of passenger vehicles saw a dip primarily due to recalibration of dispatches by manufacturers, the Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in a statement on Monday. Demand dipped in ...Read More >
New Delhi, Sep 15 (PTI) Passenger vehicle dispatches from companies to dealers declined 9 per cent year-on-year to 3,21,840 units in August, as companies recalibrated supplies to adjust to low market demand. Passenger vehicle wholesales stood at 3,52,921 units in August 2024. Sales of passenger vehicles saw a dip primarily due to recalibration of dispatches by manufacturers, the Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in a statement on Monday. Dema ...Read More >
New Delhi [India] September 15 (ANI): The Indian automobile industry witnessed mixed performance in August 2025 with passenger vehicle sales declining, while three-wheeler and two-wheeler segments registered growth, the Society of Indian Automobile Manufacturers (SIAM) said on Monday. According to SIAM data, passenger vehicle sales stood at 3,21,840 units in August 2025, marking a decline of 8.8 percent compared to the same month last year. The industry attributed the fall to recalibration of d ...Read More >
New Delhi [India], September 15 (ANI): The Indian automobile industry witnessed mixed performance in August 2025 with passenger vehicle sales declining, while three-wheeler and two-wheeler segments registered growth, the Society of Indian Automobile Manufacturers (SIAM) said on Monday. According to SIAM data, passenger vehicle sales stood at 3,21,840 units in August 2025, marking a decline of 8.8 percent compared to the same month last year. The industry attributed the fall to recalibration of ...Read More >
New Delhi: India's auto industry witnessed a mixed performance in August 2025, with passenger vehicle sales declining even as two- and three-wheelers continued to post steady growth, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday. Passenger vehicle sales dropped 8.8 per cent to 3,21,840 units in August 2025 in the domestic market, compared with 3,52,921 units in the same month last year, reflecting subdued market sentiment. Total production of pass ...Read More >
New Delhi [India], September 15 (ANI): Japanese cars could end up being sold at lower prices than South Korean cars, such as Hyundai Motor Co., in the American market when US tariffs on Japanese automobiles drop from 27.5 percent to 15 percent on Tuesday. As per a report by Pulse, the English service of Maeil Business Newspaper Korea stated that the Korean vehicles, still subject to a 25 percent tariff amid stalled tariff negotiations between Seoul and Washington, could become more expensive th ...Read More >
New Delhi [India], September 15 (ANI): Japanese cars could end up being sold at lower prices than South Korean cars, such as Hyundai Motor Co., in the American market when US tariffs on Japanese automobiles drop from 27.5 percent to 15 percent on Tuesday.As per a report by Pulse, the English service of Maeil Business Newspaper Korea stated that the Korean vehicles, still subject to a 25 percent tariff amid stalled tariff negotiations between Seoul and Washington, could become more expensive than ...Read More >
Anil Baveja, a former auto executive, humorously updated his LinkedIn profile to "Assistant to my wife," delighting the internet with his honesty. This light-hearted designation resonated widely, sparking conversations about work, identity, and the value of personal roles. Baveja's unconventional title challenges traditional professional norms, highlighting the dignity and pride in supporting family. LinkedIn is usually a place where people showcase their career achievements, celebrate promotio ...Read More >
Mumbai: The global automobile industry is starting to regain confidence after pausing product and investment decisions initially due to the upheaval caused by Trump's tariffs, said a senior executive at Tata Technologies. The Tata Group engineering firm is also pressing ahead with expansion, acquiring Germany's ESTEC for ₹75 million (₹750 crore) to strengthen its software-defined vehicle capabilities and also establish a base in Europe's auto hub. "Tariffs initially prompted many of our custom ...Read More >
New Delhi: There have been a lot of conversations surrounding the ageing cars being run on the road and the emissions being caused by them. With the introduction of the scrappage policy in 2021, the government has created an avenue for owners to scrap end-of-life vehicles through incentives. Union Transport Minister Nitin Gadkari has noted the big potential of India's vehicle scrappage policy, stressing economic and environmental benefits. During the ACMA Annual Session 2025, he noted that scra ...Read More >
The indigenous star-rating system for crash testing cars was launched by the road ministry in August 2023 after much delay. The government is also setting up a state-of-the art ₹1,500 crore testing centre in Pune to strengthen vehicle safety assessment infrastructure. Union Minister for Road Transport and Highways Nitin Gadkari on Thursday said that global automobile companies have begun sending their vehicles to India for testing under the Bharat New Car Assessment Programme (BNCAP), highlight ...Read More >
hivanshu Gupta, Senior Partner at global management consulting firm McKinsey (Image: ANI)Disruptions in global trade flows are creating opportunities for Indian auto component manufacturers in both ICE and EV segments. India could see a significant revenue increase in the coming years. New Delhi [India], September 12 (ANI): Shivanshu Gupta, Senior Partner at global management consulting firm McKinsey on Friday said he believes the disruption in global trade flow can come as a shot in the arm fo ...Read More >
NEW DELHI: India and the European Union are well on track to meet their year-end deadline for concluding free trade agreement negotiations, with both sides expressing confidence about the partnership's mutual benefits, senior officials said on Friday. Union commerce minister Piyush Goyal said India would benefit from Europe's "technology and innovation", while the EU would gain from India's "growth story, scale, and resilience" as the 13th round of FTA talks continued in New Delhi. "Both India ...Read More >
NEW DELHI, Sept 12 (Reuters) - Trade talks between India and the European Union have entered a crucial phase and negotiators are working intensively to meet a year-end deadline for signing the free trade pact, a top European Union Official said on Tuesday. The EU is India's biggest trading partner in goods, with bilateral trade hitting $137.5 billion in the 2023/24 fiscal year, up nearly 90% over the past decade. "We are now maximising our efforts to finalise negotiations by the end of the yea ...Read More >
Hyderabad, Sep 12 (UNI) VinFast India - the electric vehicle arm of Vingroup JSC, Vietnam's largest conglomerate and a global leader in affordable EVs, today announced it has forayed into the Telugu states of Andhra Pradesh and Telangana with the launching of its first-ever state-of-the-art showrooms at Begumpet and Gachibowli, in the city. The new facilities, opened in partnership with Nanesh Automotives Pvt. Ltd., mark a significant step in VinFast's mission to accelerate green mobility in In ...Read More >
New Delhi: India is preparing fiscal incentives to encourage domestic production of rare-earth magnets, heavy industries minister HD Kumaraswamy said Friday. In a video address at the 65th annual session of Automotive Component Manufacturers Association (ACMA), Kumaraswamy said his ministry is actively tackling vulnerabilities in critical raw materials. "Rare earth magnets are central to electric vehicle (EV) motors and currently dominated by Chinese supply, we are preparing fiscal incentives ...Read More >
VinFast India deputy CEO Arunoday Das (left) and Nanesh Automotives director Akshay Jain at launch of the showroom at Gachibowli Hyderabad:VinFast India, the electric vehicle arm of Vietnam's Vingroup JSC, launched showrooms at Begumpet and Gachibowli in Hyderabad. The new facilities are opened in partnership with Nanesh Automotives. The brand is introducing its premium electric SUVs, the VF6 and VF7. The price of VF6 starts at ₹16.49 lakh while the VF7 begins at ₹20.89 lakh (ex-showroom). "A ...Read More >
New Delhi: Road transport and highways minister Nitin Gadkari on Friday said the Centre and states could earn up to ₹40,000 crore in goods and services tax (GST) if all the 9.7 million unfit and polluting vehicles in the country are scrapped. A total of 300,000 such vehicles have been scrapped till August, including 141,000 government vehicles, said Gadkari, addressing the annual session of the Automobile Component Manufacturers Association of India (ACMA). "According to our estimate, there ar ...Read More >
New Delhi [India], September 12 (ANI): Vivek Vikram Singh, Managing Director and Group CEO of Sona Comstar, has urged the government to hold discussions with China to address the supply constraints around rare earth metals that are vital for the auto component industry. 'We need solutions. The government should talk to the Chinese side and get rid of these rare earth export controls. The interim solution (using rare-earth-free magnets) is not the best solution. This affects us and our customers ...Read More >
Auto companies have urged the government to allow either an adjustment of accumulated cess with tax liabilities or a refund, warning that otherwise the credits will have to be reversed in their accounting books. Automobile manufacturers are staring at a potential write-off of around ₹2,500 crore in accumulated compensation cess credits, which will lapse on September 22 when the new GST 2.0 rates take effect, as per PTI. Currently, automobiles attract GST at 28 per cent -- the highest slab -- p ...Read More >
They also raised concerns over rare earth shortages and delays in product development cycles, during the Automotive Component Manufacturers Association of India's annual event. Auto component industry leaders on Friday voiced optimism over the recent GST rationalisation and the free trade agreements (FTAs) the government is working on. At the same time, they also raised concerns over rare earth shortages and delays in product development cycles, during the Automotive Component Manufacturers Ass ...Read More >
New Delhi [India], September 12 (ANI): India and the European Union are working with sincerity and commitment to finalise a comprehensive and balanced Free Trade Agreement that will benefit businesses and consumers on both sides, said Union Minister of Commerce and Industry Piyush Goyal, addressing the 65th Annual Session of the Automotive Component Manufacturers Association (ACMA) on Friday. According to a statement from the commerce ministry, Minister Goyal noted that such an agreement cannot ...Read More >
New Delhi: India and the European Union are working with sincerity and commitment to finalise a comprehensive and balanced free trade agreement that will benefit businesses and consumers on both sides, Commerce and Industry Minister Piyush Goyal said on Friday. Addressing the Automotive Component Manufacturers Association (ACMA) here, he said such an agreement cannot be a one-sided arrangement, as every negotiation involves a certain degree of give and take to ensure fairness and balance. Goya ...Read More >
New Delhi, Sep 12 (PTI) Union Minister Nitin Gadkari on Friday said the Centre and states could earn up to Rs 40,000 crore in Goods and Services Tax if all 97 lakh unfit and polluting vehicles are scrapped. Addressing ACMA Annual Session 2025, Gadkari further said up to August this year, 3 lakh unfit and polluting vehicles have been scrapped, out of which 1.41 lakh were government vehicles. "According to our estimate, there are 97 lakh (unfit and polluting) vehicles, which we need to scrap...7 ...Read More >
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