Missing or delayed manufacturing engineering inputs at early stages, delayed supplier feedback and unstable design freezes. India’s automotive sector is facing delays in vehicle launches, with 80 per cent of original equipment manufacturers (OEMs) reporting disruptions due to late-stage engineering changes, according to a study by Vector Consulting Group. Impact on production and suppliers The… Continue reading Late design changes delaying vehicle launches in India: Report
Author: Economic Times of India Online News
The coming decades belong to India: Maruti Suzuki India’s MD Takeuchi
India set to become global economic powerhouse, says Maruti Suzuki MD. India is poised to emerge as the next global economic powerhouse, driven by indigenous manufacturing, innovation, and a resilient supply chain, said Hisashi Takeuchi, Managing Director (MD) and Chief Executive Officer (CEO) of Maruti Suzuki India, at the 65th Annual Convention of the Automotive… Continue reading The coming decades belong to India: Maruti Suzuki India’s MD Takeuchi
Mexico not looking for conflict over tariff measures, president says
Mexico’s President Sheinbaum says tariff hikes not meant to spark conflict with China, others. Mexican President Claudia Sheinbaum on Thursday said her government was not looking for a conflict with countries on which it plans to increase tariffs, including China. “We don’t want a conflict,” Sheinbaum told a morning conference, adding the measures were intended… Continue reading Mexico not looking for conflict over tariff measures, president says
Global EV sales growth slows to 15% in August, research firm says
Global EV and plug-in hybrid sales up 15% in August, slowest growth since January Global sales of fully electric and plug-in hybrid vehicles grew 15 per cent in August from a year ago, marking the slowest rate since January and reflecting tougher comparatives, market research firm Rho Motion said on Friday. China’s EV sales growth,… Continue reading Global EV sales growth slows to 15% in August, research firm says
Mexico to raise tariffs on cars from China to 50% in major overhaul
Mexico to raise tariffs on Chinese, Asian autos to 50% in import levy overhaul. Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50 per cent, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the… Continue reading Mexico to raise tariffs on cars from China to 50% in major overhaul
Festive season boost: India sees huge road freight spike as GST revamp kicks in
Transporters said fleets are going to be stretched. India’s roads are set to be flooded by trucks carrying orders as the revamped goods and services tax (GST) kicks off September 22, with the usual festive season bump expected to turn into a sharp consumption spike that will carry on through Diwali to the year-end. Buyers… Continue reading Festive season boost: India sees huge road freight spike as GST revamp kicks in
SIAM 65th Annual Convention: GST cuts lift mood, but auto industry faces cess, ethanol and EV hurdles
But while GST cuts dominated the mood, industry leaders skirted critical issues—both those arising from the tax rationalisation itself and long-standing challenges—wary of offending policymakers. The annual gathering of India’s automobile industry heavyweights this year came just after the GST rate cut bonanza. For all appearances, industry leaders were upbeat at the 65th annual convention… Continue reading SIAM 65th Annual Convention: GST cuts lift mood, but auto industry faces cess, ethanol and EV hurdles
Auto exports could account for half of India’s vehicle output: Pawan Goenka
Pawan Goenka Auto industry, which has recorded 20 per cent growth in exports in recent years, has the potential to account for half of the country’s total manufacturing output in coming years, said Pawan Goenka, former President of the Society of Indian Automobile Manufacturers (SIAM) and ex-CEO of Mahindra & Mahindra during the 65th annual… Continue reading Auto exports could account for half of India’s vehicle output: Pawan Goenka
Auto industry is the torchbearer of Make-in-India initiative: PM Modi
Modi highlighted the industry’s growing emphasis on sustainability, including electric vehicles. Prime Minister Narendra Modi on Thursday called the automobile industry a “torchbearer” of Make in India and urged it to play a leading role in building a sustainable and self-reliant mobility ecosystem. The Prime Minister, in a message to the 65th annual convention of… Continue reading Auto industry is the torchbearer of Make-in-India initiative: PM Modi
Automakers asked to display GST price cut posters with PM Modi’s photo
Another official estimated that the automobile industry could collectively spend at least ₹20–30 crore on printing and distributing the posters, which are expected to be placed at dealerships by the end of this week. New Delhi: The Ministry of Heavy Industries (MHI) has directed automobile manufacturers, including carmakers and two-wheeler companies, to display posters at… Continue reading Automakers asked to display GST price cut posters with PM Modi’s photo