SIAM
Assam CM Himanta Biswa Sarma announces deportation of 15 Bangladeshi nationals
Assam Chief Minister Himanta Biswa Sarma announced that 15 Bangladeshi nationals were deported. Two were intercepted and sent back through Sribhumi district. Thirteen others were deported through Sutarkandi ICP. The individuals deported include Irfan Khan, Nurul Afsar, Abdul Hamid, Sabuj Hussain, and others. Assam remains committed to strict action against illegal infiltration.
Car sales see marginal growth, but dealers warn of high inventory
Wholesales of passenger vehicles in February 2025 increased by 1.9% despite a dip in retail sales due to rising inventory. The highest-ever February sales in the segment were recorded, driven by utility vehicle demand, while small cars and vans saw a decline. Two-wheeler sales dropped sharply by 9%.
Domestic passenger vehicle dispatches show resilience in Feb at 2 pc annual growth: SIAM
Domestic passenger vehicle dispatches from factories to dealers increased by 1.9% in February, reaching 3,77,689 units. Despite this growth in passenger vehicles, total two-wheeler dispatches experienced a 9% decline year-on-year, with notable reductions in motorcycle and scooter sales.
FII activity, Trump's tariff stance among 6 factors to impact D-Street trade this week
Nifty 50 fell below 22,800, closing at 22,795.90, with Pharma and Auto stocks declining. FIIs sold Rs 3,449.15 crore, while DIIs bought Rs 2,884.61 crore. Trump’s tariff threats, rupee weakness, and crude price drops add uncertainty. Key levels: 22,500 support, 23,200 resistance.
India's auto industry set for moderate growth; premium/SUVs to do better than mass segment: Nomura
India's passenger vehicle industry is projected to see moderate growth with expected rates of 1.5%, 5%, and 6% over the next three years, while the mass segment may face affordability challenges. Premium cars and SUVs are anticipated to perform well, and growth in the commercial vehicle sector is closely tied to economic and infrastructure activities.
Passenger vehicle sales expected to grow in low single-digits in FY26, driven by SUVs and EV launches: SIAM estimates
Passenger vehicle sales in India are anticipated to grow by 1-4% in FY26, mainly driven by demand for SUVs and new electric vehicle launches. Entry-level car sales are expected to remain sluggish. Industry leaders Maruti Suzuki and Hyundai Motor India predict modest growth, while Mahindra & Mahindra and Tata Motors have a more optimistic outlook.
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Looking for a car with budget under Rs 20 lakh? Here are the top launches slated for 2025
ET Wealth, in collaboration with Cardekho.com, brings an exciting lineup of petrol, diesel, and electric vehicles, which are slated to be launched this year. The auto industry is gearing up for numerous car launches in 2025. Not only are new models and updated versions of existing cars expected, but major carmakers like Maruti, Tata, Hyundai, Mahindra, Kia, and Skoda are also introducing new models to boost sales and offer more choices to consumers. Depending on your budget, you can choose a car up to Rs 20 lakh, between Rs 20-40 lakh, and above Rs 40 lakh, along with electric vehicles (EVs).
Hero’s search for a hit: Hero MotoCorp, India’s largest two-wheeler maker, struggles to stem dwindling market share
Hero MotoCorp faces mounting challenges as its market share hits a decade-low and rivals gain ground. With executive departures and underperforming new models, the company is struggling to maintain its leadership in the two-wheeler market while its EV segment grows sluggishly.
Car sales shift to first gear in January after demand bump
Sales of passenger vehicles in January showed modest growth due to a high base and weak local market demand. Maruti Suzuki, Hyundai Motor India, and Tata Motors had varied performances, while Mahindra & Mahindra and Toyota Kirloskar Motor saw significant increases. The Union Budget's tax changes may boost consumer confidence, but a slowdown in two-wheeler demand remains.
Passenger vehicle dispatches to dealers rise 1.6 pc in January
India's vehicle dispatches saw modest growth in January, according to the Society of Indian Automobile Manufacturers (SIAM) on Thursday. Passenger vehicle shipments to dealers rose 1.6 percent compared to January of last year, reaching 399,386 units. This increase was driven by strong demand for utility vehicles.
Bumpy ride: Auto industry stuck with excess semiconductor stock post-pandemic
Chip sales in the auto sector skid as the post-pandemic frenzy turns into an inventory glut. With tapering of sales and other expected challenges, the industry isn’t prepared to get out of second gear.
EVs to get cheaper as govt removes customs duty on battery materials
The government's exemption of basic customs duty on materials needed for lithium-ion batteries aims to lower EV production costs, encouraging a local manufacturing ecosystem. This move will reduce dependence on imports and benefit the Indian EV industry, making electric vehicles more affordable and accessible while fostering technological advancements and job creation.
Budget 2025: Agri focus, tax relief to create positive momentum for auto sector
The Union Budget's focus on agriculture and tax relief is expected to spur demand in the automobile industry. Industry leaders praise the budget's support for clean tech manufacturing, regulatory reforms, and enhanced capital goods for EV battery production, which will drive growth and innovation in the sector.
Car buyers eye upgrade amid a flurry of premium models
Rising demand for premium passenger vehicles is leading automakers to focus on this segment with new offerings, particularly in the electric vehicle space. Sales of utility vehicles priced at ₹30 lakh to ₹60 lakh have grown by 12% in the first nine months of FY25, and companies like Mercedes-Benz and BMW are leveraging tax benefits to make EVs more affordable.
No 1 position in Indian two-wheeler market within sight: Honda
Honda aims to become the leading two-wheeler manufacturer in India by launching a variety of new products, including scooters and electric vehicles. They will also start a dedicated electric two-wheeler production plant in 2028. Honda plans to cater to diverse customer needs and expand their sales network in India and globally.
Maharashtra sets up panel to explore phasing out petrol and diesel vehicles in Mumbai
A seven-member committee has been formed by Maharashtra government to explore banning petrol and diesel vehicles in the Mumbai Metropolitan Region due to worsening air quality. The committee, led by retired IAS officer Sudhir Kumar Shrivastava, will study and submit recommendations within three months, focusing on CNG and electric vehicles as alternatives.
Robust demand drives auto exports up 19%
Automobile exports from India increased by 19% in 2024, driven by strong demand for two-wheelers, passenger vehicles, and commercial vehicles. Overall shipments reached nearly 51 lakh units, with a notable rise in demand from Latin America and Africa. Passenger vehicle exports saw a 10% growth.
Demand revival in emerging markets aids automobile exports grow 19% in 2024
Automobile exports from India increased by 19% in 2024, driven largely by the strong performance of two-wheelers, passenger vehicles, and commercial vehicles. Two-wheeler exports showed the highest growth at 23%, while passenger vehicle exports grew by 10% and commercial vehicles by 6%.
Bharat Mobility Expo sees 90+ launches, 8 lakh visitors
Over 90 vehicle types and 80 auto components were launched at the Bharat Mobility Global Expo 2025. The event saw debut products in various segments and attracted international participation from five countries. The expo, held from January 17-22, drew over eight lakh visitors, surpassing the US expo in footfall, and featured significant participation from startups and young entrepreneurs.
Need govt policy to make bioethanol fuels price more affordable for wider adoption in India: Honda
Honda's Chief Engineer Hiroya Ueda emphasizes India's potential for carbon neutrality through bioethanol and renewable energy if bioethanol prices are made more affordable. He suggests government policy changes to reduce ethanol fuel costs and highlights its benefits for farmers and rural areas.
India likely to boost purchases of US oil, gas following Trump's announcement
India expects to boost its imports of U.S. oil and gas following President Trump's push to maximize U.S. energy production. India's Oil Minister Hardeep Singh Puri indicated a positive outlook on increased imports, emphasizing the need for additional supply amidst global sanctions on Russia, impacting India's oil import sources.
Need to encourage all technologies to cut carbon emissions, oil import: Maruti Suzuki
Maruti Suzuki's MD, Hisashi Takeuchi, emphasizes the need to promote various technologies, including compressed biogas, to reduce carbon emissions and oil imports in India. He highlights the potential of biofuels like ethanol and CBG, and the importance of correct carbon accounting for biofuels. He also notes Maruti Suzuki's efforts in expanding CBG production capacity.
Possibility of more US energy coming to India: Hardeep Singh Puri
Union Minister Hardeep Singh Puri indicates increased US oil and gas supply to India following the Trump administration's plan to boost production. India is seeking energy from various global suppliers and witnessing price impacts. Puri calls for more flex-fuel vehicles and anticipates early achievement of 20% ethanol blending.
EV sales must reach 50 pc by 2030 to achieve net zero goal: Bhupender Yadav
Union Environment Minister Bhupender Yadav emphasized the need for electric vehicles to constitute 50% of vehicle sales by 2030 to align with the 2070 net zero emission target. He highlighted the benefits, including CO2 emission reduction and job creation, and urged the auto industry to adopt sustainable practices.
Milestone 4.5M: Passenger vehicle sales set to rev up beyond December quarter record
India's passenger vehicle market is projected to surpass 4.5 million units in 2025, driven by sustained demand and a trend towards premiumisation. Luxury cars are expected to average ₹1 crore, while mass-market car prices will rise to ₹13 lakh. Carmakers have increased prices by 2-4% to counter rising costs.
Will small cars survive the SUV boom? Maruti Suzuki thinks so
Maruti Suzuki remains confident in the enduring popularity of small, affordable cars in India, despite the rising dominance of SUVs. The company plans to launch its first EV and sees India as a central hub for global EV and hybrid vehicle production. Leadership transitions may see Indian executives in key roles.
PM Modi to open Bharat Mobility Expo on Friday, over 100 launches of auto, components expected
Prime Minister Narendra Modi will inaugurate the Bharat Mobility Global Expo 2025, showcasing over 100 launches in automobiles and components with a focus on sustainability and innovation. The event includes major unveilings by companies like Maruti Suzuki, Hyundai, Mercedes-Benz, and BMW, hosted across three venues.
SUVs drive growth: Carmakers record highest ever yearly sales of 4.27 mn units in 2024
Car sales in the local market rose by 4.2% to 4.27 million units in 2024, driven by demand for sports utility vehicles. Utility vehicles saw a growth of 17% while passenger car sales dipped by 14.4%. The two-wheeler segment also increased by 14.5%. Passenger vehicles and three-wheelers posted their highest-ever sales in a calendar year.
Positive consumer sentiments drive automobile dispatches up 12% in 2024: SIAM
Automobile dispatches to dealers increased by 12% in 2024 compared to the previous year, driven primarily by a 14.5% growth in two-wheeler sales. Scooters rose by 20% and motorcycles by 12%. Passenger vehicles and three-wheelers also posted their highest-ever sales, while commercial vehicles saw a slight decline of 3%.
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