Indian Auto Industry News - Latest Updates & Headlines
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.
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.
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