However, August was the best month yet in terms of EV and hybrid sales for local Geely, Xpeng and Nio . China’s August sales of electric vehicles and hybrids grew at the slowest pace in one and a half years as the government continues efforts to halt punishing price wars. EV and hybrid sales outstripped… Continue reading China’s EV and hybrid sales growth at slowest in 18 months
Author: Economic Times of India Online News
South Korea’s EV sales up nearly 50% in January-August period
The EV5 will be produced at Kia’s Gwangju plant for both the domestic and export markets. Sales of electric vehicles (EVs) in South Korea jumped nearly 50 per cent from a year earlier in the first eight months of the year, helped by the release of new models, data showed on Monday. According to data… Continue reading South Korea’s EV sales up nearly 50% in January-August period
US to target more businesses after Hyundai raid
He said it was being taken out of context and that the Trump administration was only going to war with criminals and those violating immigration laws. President Donald Trump’s administration plans to target more businesses for immigration enforcement after a raid on a Hyundai facility in Georgia led to hundreds of arrests, a top White… Continue reading US to target more businesses after Hyundai raid
Auto retail sales pick modest speed in August; GST 2.0 expected to unlock festive demand in September: FADA
Passenger vehicle inventory levels stood elevated at around 56 days as enquiries remained strong but conversions slowed, with buyers awaiting the benefits of GST 2.0. Vehicle retail sales in India registered a modest 2.84 per cent year-on-year (YoY) growth in August 2025, supported by two-wheelers, passenger vehicles and commercial vehicles, even as the rollout of… Continue reading Auto retail sales pick modest speed in August; GST 2.0 expected to unlock festive demand in September: FADA
Hinduja Group to invest ₹7,500 crore in Tamil Nadu’s EV ecosystem: CM Stalin
TN CM Stalin announces ₹7,500 crore Hinduja Group EV investment; state secures ₹15,516 crore proposals under TN Rising, creating 17,613 jobs. Tamil Nadu Chief Minister MK Stalin on Saturday announced investment of ₹7500 crore by the Hinduja Group, which will boost the electric vehicles ecosystem in the state. In a post on X, CM Stalin… Continue reading Hinduja Group to invest ₹7,500 crore in Tamil Nadu’s EV ecosystem: CM Stalin
GST reforms: Two-wheeler sales may grow 5-6%; PVs likely to see modest 2-3% rise
Crisil Ratings projects 5-6% growth in two-wheeler sales and a modest 2-3% rise in passenger vehicles this fiscal, supported by GST tax rationalisation. Two-wheeler sales are expected to grow by 5-6 per cent this fiscal, aided by the GST Council’s recent tax rationalisation, according to a report by Crisil Ratings. Passenger vehicles (PVs) are forecast… Continue reading GST reforms: Two-wheeler sales may grow 5-6%; PVs likely to see modest 2-3% rise
India’s auto industry faces rising costs and stricter regulations amidst cautious consumer demand
India’s top carmakers face rising costs, stricter regulations, and cautious demand, even as boardrooms push for greater accountability. India’s leading car manufacturers are walking a tightrope as they grapple with rising input costs, mounting regulatory pressures and cautious consumer sentiment, all the while being held accountable to increasingly involved boardrooms. To mitigate the impact of… Continue reading India’s auto industry faces rising costs and stricter regulations amidst cautious consumer demand
Big discounts ahead of GST 2.0: Firms eye fresh demand, clear old stock
Manufacturers, retailers, and e-commerce platforms roll out revised GST rates early on cars, appliances, and apparel to clear inventory ahead of Diwali. Diwali is arriving early for shoppers as manufacturers, retailers and ecommerce platforms begin to roll out prices as per revised goods and services tax (GST) rates – even before they take effect September… Continue reading Big discounts ahead of GST 2.0: Firms eye fresh demand, clear old stock
VinFast launches VF 6, VF 7 EVs in India, plans e-buses, two-wheelers and plant expansion
VinFast also aims to establish 35 dealerships across 27 cities this year & in partnership with others, build 15,000 charging stations nationwide to strengthen EV ecosystem. Vietnam’s VinFast has entered the Indian passenger vehicle market with the launch of its first two electric SUVs — the VF 6 and VF 7 — priced at ₹16.49… Continue reading VinFast launches VF 6, VF 7 EVs in India, plans e-buses, two-wheelers and plant expansion
China’s probes on EU products following EV tariffs
The decision is only preliminary and could theoretically be changed before the investigation ends in December. The Chinese commerce ministry has imposed anti-dumping measures on imports from the European Union, deepening trade tensions which spiked when the bloc imposed tariffs on China-made electric vehicles. In July, the EU introduced provisional tariffs of up to 37.6… Continue reading China’s probes on EU products following EV tariffs