Automotive Sector News - Latest Updates & Headlines
Sustained infra push, increased mining and replacement demand will boost CV growth by 3-5% in FY26: ICRA
New Delhi, March 10: The domestic commercial vehicle (CV) industry in India is poised for a 3-5 per cent year-on-year (YoY) growth in wholesale volumes in FY2026, as per the latest projections by ICRA.
India's commercial vehicle sales to speed up in FY2025-26: Report
New Delhi, March 10: The domestic commercial vehicle (CV) industry's wholesale volumes is set to witness a year-on-year growth of 3-5 per cent in FY26, demonstrating some recovery, a report showed on Monday.
DPIIT and Mercedes-Benz India sign MoU to boost manufacturing, road safety, and sustainability
New Delhi, March 7: The Department for Promotion of Industry and Internal Trade (DPIIT) and Mercedes-Benz India Private Limited have signed a Memorandum of Understanding (MoU) to boost manufacturing, road safety and sustainability.
Rise in quality consciousness among Indian manufacturers, automotive and chemicals lead: CII study
New Delhi, February 16: Indian manufacturers are witnessing a rise in quality awareness, with the automotive and chemicals sectors leading the adoption of global certifications and quality protocols, a study by the Confederation of Indian Industry (CII) said.
Income tax cuts in union budget to boost 2-wheeler and passenger vehicle sales: Jefferies
New Delhi, February 4: Union Budget raising the income tax exemption limit to Rs 12 lakh is expected to give a big boost to the demand of 2-wheelers (2Ws) and passenger vehicles (PVs) according to a report by the global brokerage firm Jefferies.
Indian automotive sector likely to see 70 pc workforce expansion in H2 FY25
Bengaluru, Jan 30: The Indian automotive sector, which contributes approximately 7 per cent to the country’s GDP, is likely to see 70 per cent workforce expansion in the second half of FY25, a report showed on Thursday.
Two-wheeler industry set for moderate growth in FY26, electrification remains slow: Report
New Delhi, January 29: The two-wheeler (2W) industry has seen a slowdown in growth over recent months, however, analysts expect the sector to expand at a high-single-digit rate in FY26, according to HSBC Global research report.
Toyota took note of auto cluster in MP, says Indian Embassy on MP CM meeting with Toyota Motor in Japan
Tokyo, January 28: Madhya Pradesh Chief Minister Mohan Yadav met with Toyota Motor Corporation officials in Tokyo, Japan, on the first day of his four-day visit. The meeting focused on potential trade ties and the opportunities available in Madhya Pradesh for investment. CM Yadav highlighted the state's growing automobile sector, its skilled youth workforce, and excellent infrastructure as key factors that make it an ideal destination for Toyota to expand operations.
$36 bn FDI has flowed into auto sector in last four years, more on the way, says PM Modi
New Delhi, Jan 17: Prime Minister Narendra Modi on Friday said the Indian automobile sector had attracted more than $36 billion in FDI over the last four years and this figure would go up several times in the coming years. He exhorted vehicle manufacturers to follow the mantra of 'Make in India and Make for the World'.
India logs 9.1% jump in automobile sales in 2024 with growth in most segments
New Delhi, January 7: Retail automobile sales in India grew 9.1 per cent in 2024 to 2.61 crore units, defying multiple headwinds like extreme weather, elections, and uneven monsoons.