Centre extends PM E-Drive scheme for electric buses, ambulances and trucks till March 2028, keeping fund allocation unchanged at ₹10,900 crore. The Centre has extended the validity of the PM E-Drive scheme by two years for electric buses, ambulances and electric trucks. A gazette notification said the scheme will now lapse in March 2028 instead… Continue reading PM E-Drive scheme gets extra mileage, to roll on till 2027
Author: Economic Times of India Online News
No impact of rare earth magnets supply issue on production: Tata Motors Group CFO PB Balaji
Tata Motors CFO says rare earth magnet shortage has not impacted EV production at Tata Motors or JLR and is unlikely to in the near future. Rare earth magnets shortage issue has had no impact on production of Tata Motors and JLR’s electric vehicles and is unlikely to affect in the foreseeable future, although there… Continue reading No impact of rare earth magnets supply issue on production: Tata Motors Group CFO PB Balaji
Tata Motors Q1 hit by volume decline, US tariffs on JLR
The company reported a negative automotive free cash flow of ₹12,300 crore for the quarter, driven by adverse working capital impacts from seasonality and tariffs. Net automotive debt stood at ₹13,500 crore. New Delhi: US President Donald Trump’s tariff offensive and softer domestic demand conditions weighed on Tata Motors’ performance during the April-June quarter of… Continue reading Tata Motors Q1 hit by volume decline, US tariffs on JLR
Mixed bag for EVs in July as cars zoom ahead while 2-wheelers falter
The two-wheeler segment is increasingly vulnerable to supply-side disruptions. India’s electric vehicle landscape presented a mixed picture in July. While electric passenger vehicles (ePVs) accelerated into double-digit growth territory, electric two-wheelers (e2Ws) stumbled amid raw material shortages and geopolitical uncertainties. According to data released by the Federation of Automobile Dealers Associations (FADA), e2W retail sales… Continue reading Mixed bag for EVs in July as cars zoom ahead while 2-wheelers falter
Tata Motors Q1 FY26 net profit falls 30% as revenue slips 2.5%
Tata Motors’ Q1 FY26 net profit drops 30% YoY to ₹3,924 crore, hit by lower volumes and reduced JLR profitability. Tata Motors on Friday reported a consolidated revenue of ₹1,04,407 crore for the quarter ended June 30, 2025, down 2.5 per cent year-on-year, with profit before tax (before exceptional items) at ₹5,617 crore. According to… Continue reading Tata Motors Q1 FY26 net profit falls 30% as revenue slips 2.5%
Rolls-Royce, IIT-Bombay partner to boost engineering innovation and talent development
“This partnership reflects our commitment to building collaborations that advance innovation and talent development,” said Selwyn. Rolls-Royce on Friday said it has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Bombay (IIT-B) to strengthen collaboration in research, innovation, and skill development. According to the official press release, the partnership aims to… Continue reading Rolls-Royce, IIT-Bombay partner to boost engineering innovation and talent development
Upskilling, not just automation, will steer India’s automotive leadership: Eaton’s Shailendra Shukla
Shailendra Shukla, Managing Director, Vehicle Business and E-Mobility at Eaton India India’s race to the forefront of the global automotive grid will not be won by robots alone. That is the clear message from Shailendra Shukla, Managing Director, Vehicle Business and E-Mobility at Eaton India, who warns that upskilling is the country’s single biggest operational… Continue reading Upskilling, not just automation, will steer India’s automotive leadership: Eaton’s Shailendra Shukla
Japan presses US on auto tariff cut, seeks clarification on other levies
He has defended the decision, telling parliament on Monday that Japan decided to forgo a written statement for fear that producing one could delay the reduction in tariffs. Japan pressed the United States to swiftly implement an agreed cut to auto tariffs and sought clarification on levies for other goods, as conflicting interpretations of the… Continue reading Japan presses US on auto tariff cut, seeks clarification on other levies
Ford delays electric pickup, van to 2028 as it chases smaller, affordable options
Ford is laying out plans for some of its upcoming EV models and technology August 11 at an event in Kentucky, Farley said. Ford Motor is delaying the launch of two next-generation electric vehicles as it shifts its focus to smaller and more affordable models, the company said on Thursday. The automaker said it recently… Continue reading Ford delays electric pickup, van to 2028 as it chases smaller, affordable options
Honda’s US sales rise, but tariff eats into profit
Honda’s quarterly profit halved as 25% US tariffs hit vehicle exports, the company said Wednesday. Honda’s profit in the last quarter was half of what it was a year earlier, the company said Wednesday, as automakers were hit by 25 per cent tariffs on vehicle exports to the United States. The Japanese automaker reported Wednesday… Continue reading Honda’s US sales rise, but tariff eats into profit