Auto Industry News - Latest Updates & Headlines
Tata Motors' global sales dip 3 pc in Jan-March
Mumbai, April 8: Tata Motors on Tuesday reported a 3 per cent decline in its global sales for the March quarter (Q4 FY25), even as its luxury car unit Jaguar Land Rover (JLR) registered a slight increase in sales.
Canada announces 25% tariff on US vehicle imports in retaliation to Trump's move
Ontario, April 4: Following US President Donald Trump's announcement of reciprocal tariffs, Canada Prime Minister Mark Carmey said that the country will impose a 25 per cent tariff on all US vehicle imports that do not comply with the free trade agreement.
Kia India registers 19.3% growth in domestic sales in March 2025
New Delhi, April 1: Kia India recorded domestic sales of 25,525 units, reflecting a 19.3 per cent year-on-year (Y-O-Y) growth compared to 21,400 units in March 2024.
Tariffs will be more generous than other countries : US President Trump on the prospect of higher tariffs
Washington, DC, March 31: US President Donald Trump on Sunday (local time) outlined his administration's approach to upcoming tariffs, the auto industry, and the economy, stating that the US would be more generous than other countries.
Automotive industry calls for measures to soften blow from US tariffs
Seoul, March 28: The South Korean automotive industry on Friday called for measures to soften the anticipated fallout from the U.S. administration's plan to impose auto tariffs and reciprocal tariffs next week, according to officials.
Indian auto ancillaries are looking for new markets because of overhang of US tariffs: Report
New Delhi, March 25: The auto component industry in the country is facing export challenges due to the ongoing overhang of tariffs by the USA. In addition, currency depreciation has led to demand weakness in a few Middle Eastern countries and a major slowdown in the European region, says a report by DAM Capital Advisors.
Passenger vehicle sales surge to record high in February: SIAM
New Delhi, March 13: The Indian automobile industry registered record passenger vehicles sales, which includes cars and SUVs, in February this year along with a strong growth in the three-wheeler segment, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Thursday.
South Korea ranks 7th in domestic vehicle output in 2024
Seoul, March 10: South Korea ranked seventh in the world in terms of domestic vehicle output last year, an industry association said on Monday, down one notch from a year earlier due to a drop in output amid an economic slowdown.
Auto sector faces near-term consolidation, strong growth expected in tractors and SUVs: Report
Mumbai, March 5: The Indian automobile sector is expected to experience a phase of consolidation across all segments in the near term, however, long-term growth prospects remain strong for select players, according to a recent analysis by Axis Securities.
India's auto industry set for moderate growth; Premium/SUVs to do better than mass segment: Report
New Delhi, February 21: India's passenger vehicle (PV) industry is expected to grow steadily over the next three years, according to a report by Nomura.
Indian auto component industry's revenues to expand by 8-10 pc in FY26
New Delhi, Feb 20: The revenue growth of the Indian auto component industry is projected to expand by 8-10 per cent in FY26, according to a report on Thursday.
Union Budget focused on sustained economic growth, will have positive effect: Auto industry leaders
New Delhi, February 1: The Union Budget 2025-26 has garnered a positive response from the auto industry, with industry leaders welcoming the government's "focus on long-term economic growth, manufacturing, and regulatory reforms".
Auto industry witnesses 11.6% YoY increase in domestic sales in CY 2024: SIAM
New Delhi, January 14: Demonstrating resilience and growth, the domestic automobile sales recorded a surge of 11.6 per cent, standing at over 2.54 crore units in calandar year (CY) 2024, compared to about 2.28 crore, as per the data released by Society of Indian Automobile Manufacturers (SIAM) on Tuesday. As per the data released by the industry body, in December 2024, the sales of Total Passenger Vehicles recorded an increase of 10 per cent from the same period the previous year at 3,14,934 units. According to the data, sales of Total Three Wheelers in December saw an increase of 3.5 per cent at 52,733 units, however, the sales of Total Two Wheelers saw a dip of 8.8 per cent, at 11,05,565 units in the same month
Maruti Suzuki registers 30 pc increase in December sales with highest monthly exports
New Delhi, January 1: In December 2024, Maruti Suzuki India sold a total of 178,248 car units, which is about 30 per cent higher than a year ago period.