Automobile dealers and manufacturers in Madhya Pradesh are pinning high hopes on the Union Budget 2026, scheduled to be presented on Feb 1, seeking measures to revive demand across passenger vehicles, two-wheelers and electric mobility segments. Dealers said sales momentum remained uneven over the past year, particularly in entry-level cars, two-wheelers and EVs, prompting expectations… Continue reading Auto dealers in Madhya Pradesh expects tax relief, EV push and demand revival
Author: Economic Times of India Online News
Auto companies fall on fear of more EU imports
Auto stocks fell as much as 4.3 per cent on Tuesday after reports said India may slash tariffs on vehicles imported from the European Union (EU) as part of the India-Europe free trade agreement, raising fears of increased competition from European carmakers. Analysts said the decline was largely sentiment-driven, with limited impact seen in the… Continue reading Auto companies fall on fear of more EU imports
Electric mobility key to India’s net-zero 2070 roadmap: H D Kumaraswamy
Union Minister for Heavy Industries H D Kumaraswamy on Tuesday said electric mobility lies at the centre of India’s transition towards achieving net-zero emissions by 2070, as the country strengthens its focus on clean manufacturing and sustainable growth. According to PTI, the minister was speaking at the inauguration of the three-day Symposium on International Automotive… Continue reading Electric mobility key to India’s net-zero 2070 roadmap: H D Kumaraswamy
Trade pact with EU could be a boost for India’s auto sector– but there is a catch
In 2024, India imported motor vehicles worth over €1.6 billion from the EU, according to the official data. India on Tuesday agreed to significantly lower import quotas and tariffs for European carmakers under the newly signed India-EU free trade agreement. Under the new pact, it has been agreed to allow up to 2,50,000 European-made vehicles… Continue reading Trade pact with EU could be a boost for India’s auto sector– but there is a catch
European carmakers gain major access as India eases tariffs under EU FTA
New Delhi: India has agreed to grant European automakers an import quota more than six times larger than any it has offered in recent trade deals, significantly lowering tariffs on cars under the India–EU free trade agreement and opening up its tightly protected passenger vehicle market. According to Bloomberg, under the pact, India will gradually… Continue reading European carmakers gain major access as India eases tariffs under EU FTA
EV charging stations will be mandatory at fuel pumps on MSRTC land: Maharashtra Transport Minister Pratap Sarnaik
EV charging stations will be mandatory at fuel pumps on MSRTC land: Sarnaik Maharashtra Transport Minister Pratap Sarnaik has directed officials to prioritise the setting up of Electric Vehicle charging stations at all retail fuel outlets proposed on MSRTC premises. He also emphasised that a phased transition to electric buses is already underway. The directive… Continue reading EV charging stations will be mandatory at fuel pumps on MSRTC land: Maharashtra Transport Minister Pratap Sarnaik
EV charging stations will be mandatory at fuel pumps on MSRTC land: Sarnaik
Maharashtra Transport Minister Pratap Sarnaik has directed officials to prioritise the setting up of Electric Vehicle charging stations at all retail fuel outlets proposed on MSRTC premises. He also emphasised that a phased transition to electric buses is already underway. The directive was issued during a high-level meeting held at the office of the minister… Continue reading EV charging stations will be mandatory at fuel pumps on MSRTC land: Sarnaik
EU carmakers face tough India market even after trade deal
The VDA automotive association stressed the importance of the agreement for Germany’s export-focused economy, with the CEOs of Volkswagen, Mercedes and BMW all welcoming the deal. European carmakers, squeezed by U.S. tariffs and price wars in China, will get a welcome boost from an EU-India trade deal that sharply drops tariffs on car imports, but… Continue reading EU carmakers face tough India market even after trade deal
‘Moments when history changes direction’: PM Modi on India–EU free trade pact amid turbulent global order
Modi said the deal with the 27-member European Union is not merely a trade pact but a comprehensive framework for economic resilience, sustainable development and strategic cooperation. Prime Minister Narendra Modi on Tuesday said the historic India–European Union free trade agreement (FTA) comes at a time of deep global uncertainty and reflects the growing importance… Continue reading ‘Moments when history changes direction’: PM Modi on India–EU free trade pact amid turbulent global order
India, EU clinch long-awaited free trade agreement
New Delhi: India and the European Union (EU) have sealed the long-awaited Free Trade Agreement (FTA), with Prime Minister Narendra Modi announcing the breakthrough on Monday. The formal signing of the pact is expected to take place in around six months, after the text undergoes legal vetting, while the agreement is likely to come into… Continue reading India, EU clinch long-awaited free trade agreement