Updated On Feb 3, 2025 at 11:04 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Gupta joined JSW MG Motor India from Bridgestone Indonesia where he was serving as the MD till September 2018. New Delhi: JSW MG Motor India’s Chief Growth Officer Gaurav Gupta has joined as the President of… Continue reading JSW MG’s Gaurav Gupta joins TVS Motor Company
Author: Economic Times of India Online News
Cheaper EVs likely on local push
EV penetration across two-wheeler, passenger vehicle, three-wheeler and commercial vehicle segments stood at 6.1%, 2.4%, 56.6% and 0.99% respectively in calendar year 2024. Electric vehicles are likely to become more affordable with the government fully exempting basic customs duty on materials required for producing lithium-ion batteries. Industry stakeholders say the proposed measure announced by finance… Continue reading Cheaper EVs likely on local push
TVS Motor reports 17% growth at 397,623 units in January 2025 sales
TVS iQube TVS Motor Company reported a 17% year-over-year sales increase in January 2025, selling 397,623 units compared to 339,513 units in January 2024. This growth was driven by strong performances in two-wheelers, electric vehicles, and exports. Two-wheeler salesTotal two-wheeler sales rose by 18% to 387,671 units in January 2025, up from 329,937 units in… Continue reading TVS Motor reports 17% growth at 397,623 units in January 2025 sales
India’s auto industry accelerates toward electrification at Bharat Mobility show 2025; Maruti, Hero Moto top picks
The growing push for electric mobility, particularly in the sub-INR 2 million PV EV category, is expected to drive significant growth, as manufacturers look to scale up EV production. The Bharat Mobility Show 2025 highlighted the auto industry’s shift toward EVs and clean fuels, with manufacturers across both passenger vehicles (PVs) and two-wheelers (2Ws) aligning… Continue reading India’s auto industry accelerates toward electrification at Bharat Mobility show 2025; Maruti, Hero Moto top picks
Autos, electronics: What will Trump’s tariffs impact?
The levies will hit Canadian vehicle and energy industries hard, given that they represent over 40% of Canada’s exports to the United States. US President Donald Trump’s sweeping tariffs on Canada and Mexico are set to roil supply chains for products ranging from automobiles to avocados — with industries girding for cost increases. US imports… Continue reading Autos, electronics: What will Trump’s tariffs impact?
Budget highlights for automotive sector 2025
This policy could potentially invigorate consumer demand in the automotive sector, particularly among entry-level two-wheeler and four-wheeler buyers. Budget 2025 lays out a framework geared towards immediate incentives to boost domestic spending while maintaining the government’s long-standing emphasis on Make in India and advancing local technologies. There’s spotlight on Clean Tech Manufacturing, set to expand… Continue reading Budget highlights for automotive sector 2025
Rupee settles flat at 86.62 against US dollar
The Economic Survey 2024-25, tabled by Finance Minister Nirmala Sitharaman in both houses of Parliament, said navigating global headwinds will require strategic and prudent policy management and reinforcing the domestic fundamentals. The rupee pared initial losses and settled flat at 86.62 against the US dollar on Friday, as the support from positive domestic equities was… Continue reading Rupee settles flat at 86.62 against US dollar
Tata Motors vehicle dispatches dip 7% in January
The company remains optimistic about growing demand from other regions to mitigate these challenges, ETAuto earlier reported. Tata Motors on Saturday said its total vehicle dispatches declined 7% year-on-year to 80,304 units in January. The auto major dispatched 86,125 units in January 2024. Total domestic sales declined 7% year-on-year to 78,159 units last month, as… Continue reading Tata Motors vehicle dispatches dip 7% in January
From avocados to autos, Trump tariffs on Canada and Mexico could hit close to home
The president says the 25% levies are designed to pressure America’s two neighbors to do more to stop the flow of undocumented immigrants and fentanyl into the United States. The 25% tax that President Donald Trump plans to slap on imports from Canada and Mexico as soon as Saturday could drive up the price of… Continue reading From avocados to autos, Trump tariffs on Canada and Mexico could hit close to home
Union Budget 2025: Top 5 key announcements that may bode well for the auto industry too
Localising production of crucial EV related components is crucial for building a robust domestic ecosystem, but that won’t be enough for India to have a globally competitive EV industry. Finance Minister Nirmala Sitharaman presented her record eighth consecutive Union Budget today. There wasn’t any mention of the auto industry in her speech, but here are… Continue reading Union Budget 2025: Top 5 key announcements that may bode well for the auto industry too