Automotive Exports News - Latest Updates & Headlines
Manufacturing base and cost advantages to make India a leader in global auto component market: NITI Aayog
New Delhi, April 20: India's manufacturing base and cost advantages will position the country suitably for potential market leadership in coming years, said NITI Aayog in its latest report.
India can triple automotive exports to $60 bn by 2030, create 2.5 mn direct jobs
New Delhi, April 15: With the right enabling conditions for the automotive sector, India can triple exports to $60 billion, generate a $25 billion trade surplus, and create over 2-2.5 million direct jobs by 2030, propelling it toward becoming a globally competitive, innovation-driven manufacturing hub, the government said on Tuesday.
India's auto component industry to hit USD 145 billion by 2030, exports to triple: NITI Aayog
New Delhi, April 12: India's top policy think tank body NITI Aayog has envisions the country's automotive component production growing to USD 145 billion by 2030, with exports tripling from USD 20 billion to USD 60 billion.
Suppliers scramble to respond to looming US auto parts tariffs
Seoul, April 11: South Korean auto parts suppliers are scrambling to respond to new US tariffs on imported vehicles and automotive parts, industry insiders said on Friday, arguing the tariffs not only pose a serious challenge to automakers, including local industry leader Hyundai Motor Group, but also threaten to disrupt the broader industry supply chain.
US tariffs give India a definitive edge over China in key sectors
New Delhi, April 3: The reciprocal tariffs imposed by the US will undoubtedly hit all countries but Indian exporters may emerge stronger as rivals, mainly, China faces steeper duties as high as 65 per cent and even beyond.
Limited exports to US would shield revenue of Indian auto component makers: Crisil
New Delhi, April 1: The share of exports in India's automotive production stands at just 15 per cent, which means the exposure of domestic component manufacturers to the US is small at 4.2 per cent which would shield the revenue of component makers in the country, a Crisil Intelligence report said on Tuesday.
US tariffs on imported cars to weigh heavily on S. Korean carmakers
Seoul, March 27: US President Donald Trump's recent announcement to levy 25 per cent tariffs on all imported vehicles next month is expected to deal a heavy blow to South Korean carmakers, which largely depend on shipments to the United States, analysts said on Thursday.
India's auto sector not likely to face major impact due to US tariff hike
New Delhi, Feb 14: Indian automotive manufacturers are not likely to face any major impact due to US President Donald Trump's reciprocal tariffs as these companies sell their products largely in the fast-growing domestic market, according to analysts.
'Made in India' Jimny 5-door SUV debuts in Japan
New Delhi, Jan 30: The 'Made in India' Jimny 5-door was unveiled in Japan on Thursday, marking the debut of the second-most exported model from Maruti Suzuki in FY 2024-25 in another major market.
South Korea's unit price of exported cars falls for 1st time in 8 years
Seoul, Jan 26: The unit price of South Korea's exported vehicles last year fell for the first time in eight years amid a prolonged slowdown in electric vehicle (EV) sales, data showed on Sunday.
Hyundai, Kia's eco-friendly car exports rise 3 pc last year
Seoul, Jan 14: Hyundai Motor and its affiliate Kia said on Tuesday their combined exports of environmentally friendly vehicles climbed 3 per cent in 2024 from a year earlier despite an economic slowdown.