auto industry

Auto industry body SIAM seeks sops for EVs, additional incentives for vehicle scrapping

Fri, Jul 12, 2024

"We are expecting that the government should come up with a FAME 3 like policy... Good schemes like PLI are already in place, which we are sure will continue," SIAM President Vinod Aggarwal told reporters here.

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Navigating FY25: FADA's Projections for the Auto Industry

Tue, Apr 09, 2024

FADA report on auto sector..How will FY25 be for the auto sector? How will be the growth of auto sector?

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Budget 2024: Plans for EVs and auto sector boost in Finance Minister Nirmala Sitharaman's Interim Budget speech

Thu, Feb 01, 2024

Finance Minister Nirmala Sitharaman outlined plans to enhance the electric vehicle (EV) ecosystem by supporting charging infrastructure on February 1, 2024.

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Auto Sales: Strong jump in vehicle sales during festive season

Tue, Oct 31, 2023

There was a huge jump in the sales of vehicles during the festive season. Sales of 2-wheeler and PV segments increased, benefiting from ongoing improvement in rural demand.

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Auto Industry Q2 Results Preview: Strong tailwinds, benign commodity prices to deliver strong revenue and improved margins, says brokerage

Mon, Oct 16, 2023

In its forecast for the September quarter, brokerage IncredEquities says that while sales volume momentum and commodity costs favour the commercial vehicle and tractor segments’ profitability, price discounts are a cause for concern.

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Auto component industry achieves records turnover in FY23, sets sight on Double-Digit growth for current fiscal

Tue, Aug 08, 2023

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India 360: What Does BS6 Phase-2 Mean For The Indian Auto Industry? Watch This Special Discussion

Thu, Mar 23, 2023

If you are thinking of buying a car or planning, then there is a bad news for you. To keep pollution levels in check, the government will be rolling out phase two of the BS6 emission standards in India From April 1, 2023. In such a situation, auto companies have announced to increase the prices. Now the question is arising that what is BS6 Phase-2 and why the prices of vehicles are increasing due to BS6 Phase-2? Is this the right time for a common man to buy a car? How ready are auto companies for BS6 Phase-2? Watch this special discussion with Deepak Dobhal on India 360.

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How Much Has Auto Sales Been In This Year?

Fri, Dec 30, 2022

How were auto sales in December? How many vehicles were sold at the end of the year? How are the sales of auto companies going to be in the last month of the year? Know from Kushal Gupta.

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New tractor emission standard to impact 7-8% of domestic volume: ICRA

Fri, Dec 30, 2022

A big proportion of the overall industry, less than 50 horse power (HP), constituting around 92 per cent of sales in FY22 would continue to be governed by Bharat Stage TREM IIIA norms, ICRA said in a statement.

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Govt introduces authorisation certificates for car dealers to check malpractices

Thu, Dec 29, 2022

MoRTH in a notification issued on December 22, has amended chapter III of the Central Motor Vehicle Rules, 1989 to build a comprehensive regulatory ecosystem for the pre-owned car market.

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​What is Usage-Based Insurance? How it works and its types

Wed, Dec 28, 2022

Usage-based insurance: Usage-based insurance works on the fundamental of the better you drive, the better your automobile insurance rates.

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Airbag industry in India to grow to Rs 7,000 cr by FY27: Icra

Wed, Dec 28, 2022

The growth in the airbag industry, which is one of the fastest growing auto component segments, is expected to be fuelled by the increase in content per vehicle arising from higher regulatory requirements and voluntary increase in the number of airbags per vehicle for enhancing safety, Icra said in a statement.

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Uniform tax on small, big cars will not augur well for auto industry growth: Maruti Suzuki Chairman RC Bhargava

Tue, Dec 20, 2022

He also said India's economic growth rate could be higher if the manufacturing sector grows fast, which 'unfortunately' has remained a laggard despite the best efforts of the Narendra Modi-led government at the Centre due to implementation gaps at the ground level.

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Ford cutting 8,000 jobs to fund its EV plans: Report

Fri, Jul 22, 2022

In March, the automaker announced plans to boost electric vehicle spending to $50 billion and plan to build two million EVs by 2026. 

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What will be India's EV roadmap? White paper on Electric Vehicle adoption soon

Fri, Jul 15, 2022

The EVConIndia 2022 is being organised by the world's first sector-specific professional networking platform Blue Circle in Gurugram on July 29, a statement said.

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Auto industry body SIAM seeks reduction in CNG prices, welcomes petrol & diesel excise duty cut

Mon, May 23, 2022

Auto industry body SIAM on Sunday sought reduction in CNG prices while welcoming the government's decision to lower the petrol and diesel prices.

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Budget 2022 Expectations: From uniform GST on spare parts to reintroduction of investment allowance, ACMA places wishlist for FM Nirmala Sitharaman

Tue, Jan 11, 2022

Auto components industry is seeking a uniform Goods and Services Tax (GST) levy of 18 per cent on all auto parts to curb the impact of counterfeits in the aftermarket operations. 

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Omicron variant of Covid-19 spread may impact passenger vehicle supply: FADA

Thu, Dec 23, 2021

Automobile dealers' body FADA on Thursday said passenger vehicle supplies may get affected further, if chip making countries go under lockdown due to the spread of Omicron variant of COVID-19.

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Auto, Drone Industry PLI Scheme: BIG BOOST! Top 10 things - Another step towards PM Narendra Modi's ambitious Aatmanirbhar Bharat vision

Thu, Sep 16, 2021

Prime Minister Narendra Modi, has approved the PLI Scheme for Automobile Industry and Drone Industry with a budgetary outlay of Rs 26,058 crore.

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Auto Indutry: Low expectation of postponing CAFE-2 regulations

Mon, Mar 01, 2021

Big news for the auto industry, little hope of postponing CAFE-2 regulations. The auto industry sought time till 2024 to implement it.

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Automobile industry all ready to launch new models in 2020

Mon, Dec 23, 2019

2019 is about to get over and for the year 2020, the auto industry is all set to launch new models on the market. The companies have not only decided to launch four-wheelers but also two-wheelers. Watch this segment to know more. #Auto #AutoIndustry

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Exclusive: GST Council meet tomorrow; No relief to Auto sector

Thu, Sep 19, 2019

GST Council meeting will take place tomorrow but no relief will be given to the Auto sector. Watch the video to know about the major announcements

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Nissan grants Renault executives boardroom seats, ending the dispute

Fri, Jun 21, 2019

Nissan said it will give Renault Chief Executive Thierry Bollore a seat on its board`s audit committee and Renault Chairman Jean-Dominique Senard a seat on its nomination committee.

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