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Auto Industry Witnesses Record Sales In FY25, SUVs Remain Key Contributor
India's auto industry achieved a new milestone in the financial year ending March 2025, with passenger vehicle sales rising to a record 43 lakh units, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
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Trump Auto Tariffs A Blessing In Disguise: Skoda Auto Volkswagen
There might be short-term hiccups because of increased tariffs for our component industry from India, but in the long run, maybe it will open up opportunities, Arora said.
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NITI Aayog: By 2030 Automotive Component Production To Cross $145 Bn Mark
NITI Aayog's report also outlined several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector.
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ACMA Hopeful Of Strong Trade-Related Relations Between India and USA
ACMA remains hopeful that the ongoing bilateral negotiations between the Indian and U.S. governments will lead to a balanced resolution that benefits both economies.
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Ola Electric Opens 3,200 Stores Amid Year of Consumer Complaint Woes
Ola Electric has increased the number of showrooms and service centers to 4,000, Ankush Aggarwal, group head of financial services and retail auto business, said at an event Wednesday.
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Indian Automobile Industry To Be Largest In Next 5 Years: Nitin Gadkari
The Union Minister of Road Transport and Highways stated that India will have the largest automobile industry in the next five years.
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Explained: How Volkswagen Group Allegedly Evaded Billions In Taxes In India
The Volkswagen Group, which include the brands Volkswagen, Audi, Skoda, Porche, and Lamborghini has been accused by Indian authorities of evading $1.4 billion (Rs 118.6 billion) in taxes, which is roughly Rs 11,865 crore.
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Ola Electric In Trouble? MHI Asks ARAI To Respond To Show Cause Notice
The Ministry of Heavy Industries has written to the Automotive Research Association of India to comment on the show cause notice regarding Ola Electric.
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Auto Industry Should Prioritise After-Sales Service, Quality Assurance: Nitin Gadkari
Nitin Gadkari says that it is critical for the sector to innovate, especially in areas like customer service, after-sales and quality assurance.
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Auto Industry Contributes To 15 Per Cent Of Total GST In FY24 - SIAM President
At the 64th ACMA Annual Session, the SIAM President revealed that the Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore.
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Tesla On Way To Double Its Components Imports From India: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India.
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Reliance Showcases Multipurpose, Swappable Batteries for Electric Vehicles
Reliance on Wednesday showcased multipurpose batteries that can be easily swapped for electric vehicles. The company is pitching the concept of one battery for mobility as well as for powering appliances at home.
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India Electric Mobility Council Urges Government to Continue EV Sector Incentives, Warns Impact on Sales
Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.
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Karnataka Government Invites Elon Musk to Set Up Business in State
The Karnataka government has extended an invitation to business magnate Elon Musk to set up businesses in the southern state. Karnataka's Minister for Commerce and Industries, Infrastructure MB Patil, in a Twitter post, wrote his state Karnataka is the "ideal destination" for Tesla's expansion into India.
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EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
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Auto Industry Witnesses Record Sales In FY25, SUVs Remain Key Contributor
India's auto industry achieved a new milestone in the financial year ending March 2025, with passenger vehicle sales rising to a record 43 lakh units, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
-
Trump Auto Tariffs A Blessing In Disguise: Skoda Auto Volkswagen
There might be short-term hiccups because of increased tariffs for our component industry from India, but in the long run, maybe it will open up opportunities, Arora said.
-
NITI Aayog: By 2030 Automotive Component Production To Cross $145 Bn Mark
NITI Aayog's report also outlined several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector.
-
ACMA Hopeful Of Strong Trade-Related Relations Between India and USA
ACMA remains hopeful that the ongoing bilateral negotiations between the Indian and U.S. governments will lead to a balanced resolution that benefits both economies.
-
Ola Electric Opens 3,200 Stores Amid Year of Consumer Complaint Woes
Ola Electric has increased the number of showrooms and service centers to 4,000, Ankush Aggarwal, group head of financial services and retail auto business, said at an event Wednesday.
-
Indian Automobile Industry To Be Largest In Next 5 Years: Nitin Gadkari
The Union Minister of Road Transport and Highways stated that India will have the largest automobile industry in the next five years.
-
Explained: How Volkswagen Group Allegedly Evaded Billions In Taxes In India
The Volkswagen Group, which include the brands Volkswagen, Audi, Skoda, Porche, and Lamborghini has been accused by Indian authorities of evading $1.4 billion (Rs 118.6 billion) in taxes, which is roughly Rs 11,865 crore.
-
Ola Electric In Trouble? MHI Asks ARAI To Respond To Show Cause Notice
The Ministry of Heavy Industries has written to the Automotive Research Association of India to comment on the show cause notice regarding Ola Electric.
-
Auto Industry Should Prioritise After-Sales Service, Quality Assurance: Nitin Gadkari
Nitin Gadkari says that it is critical for the sector to innovate, especially in areas like customer service, after-sales and quality assurance.
-
Auto Industry Contributes To 15 Per Cent Of Total GST In FY24 - SIAM President
At the 64th ACMA Annual Session, the SIAM President revealed that the Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore.
-
Tesla On Way To Double Its Components Imports From India: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India.
-
Reliance Showcases Multipurpose, Swappable Batteries for Electric Vehicles
Reliance on Wednesday showcased multipurpose batteries that can be easily swapped for electric vehicles. The company is pitching the concept of one battery for mobility as well as for powering appliances at home.
-
India Electric Mobility Council Urges Government to Continue EV Sector Incentives, Warns Impact on Sales
Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.
-
Karnataka Government Invites Elon Musk to Set Up Business in State
The Karnataka government has extended an invitation to business magnate Elon Musk to set up businesses in the southern state. Karnataka's Minister for Commerce and Industries, Infrastructure MB Patil, in a Twitter post, wrote his state Karnataka is the "ideal destination" for Tesla's expansion into India.
-
EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
