Small car sales should start rising following the GST cuts, said RC Bhargava, chairman, Maruti Suzuki. Car, two-wheeler and consumer electronics makers in India are increasing production by as much as 25 per cent, anticipating that GST cuts on various products will trigger a surge in demand that will be sustained at least until Christmas.… Continue reading Companies may fire up output by 25% to feed festive frenzy
Author: Economic Times of India Online News
US immigration officers raid Georgia site where Hyundai makes electric vehicles
Operations at Hyundai’s EV manufacturing plant weren’t interrupted, said plant spokesperson Bianca Johnson. US immigration authorities on Thursday raided the sprawling site where Hyundai manufactures electric vehicles in southeast Georgia, conducting a search that shut down construction on an adjacent factory being built to produce EV batteries. The operation targeted one of Georgia’s largest and… Continue reading US immigration officers raid Georgia site where Hyundai makes electric vehicles
Two-wheeler, passenger vehicle sales to rise on GST cut: Crisil Ratings
In April–August of the current fiscal, two-wheeler volumes were flat at 0–1 per cent growth, while PV sales declined 3–4 per cent. Two-wheeler sales are expected to grow 5–6 per cent this fiscal, while passenger vehicles (PVs) may see a 2–3 per cent rise, aided by the GST Council’s move to rationalise tax rates on… Continue reading Two-wheeler, passenger vehicle sales to rise on GST cut: Crisil Ratings
Japan welcomes Trump’s order to implement lower tariffs on autos, other goods
The two allies agreed on the deal in July, but Japanese officials discovered days later that the preliminary deal had added 15 per cent to existing rates and objected. Japan’s Prime Minister Shigeru Ishiba welcomed US President Donald Trump’s signing of an order to implement lower tariffs on automobiles and other Japanese imports as a… Continue reading Japan welcomes Trump’s order to implement lower tariffs on autos, other goods
Mahindra & Mahindra shares rally 8% on GST overhaul. Is it the auto sector’s biggest winner?
Lower rates and uniform duties support mass-market recovery and festive-season sales. Shares of Mahindra & Mahindra surged as much as 7.8 per cent to ₹3,539.25 on Thursday after brokerages flagged the automaker as one of the biggest winners from India’s sweeping Goods and Services Tax (GST) overhaul. Analysts at Jefferies and Emkay Global said the… Continue reading Mahindra & Mahindra shares rally 8% on GST overhaul. Is it the auto sector’s biggest winner?
GM cuts output at a major EV factory, citing weak demand
The plant produces the midsize Cadillac Lyriq – a relative hit and one of GM’s top-selling EVs – and the Vistiq, a larger electric SUV. General Motors is cutting output at one of its main electric-vehicle factories, the latest automaker to pull back on EVs as US President Donald Trump’s administration yanks federal support for… Continue reading GM cuts output at a major EV factory, citing weak demand
Malaysian carmaker Proton launches first EV plant
The Malaysian government is seeking to position itself as a regional hub for electric vehicles and is aiming to make EVs and hybrids 20 per cent of all new car sales by 2030. Malaysian automaker Proton launched its first electric vehicle assembly plant on Thursday, as the Southeast Asian nation looks to boost development of… Continue reading Malaysian carmaker Proton launches first EV plant
EIL builds India’s largest underground LPG cavern for HPCL in Mangalore
New Delhi: Engineers India Limited (EIL) on Thursday said it has successfully executed the development of the country’s largest underground rock cavern for LPG storage for Hindustan Petroleum Corporation Limited (HPCL) at Mangalore, Karnataka. The cavern, constructed within the premises of an existing LPG plant, has a storage capacity of 80,000 metric tonnes, making it… Continue reading EIL builds India’s largest underground LPG cavern for HPCL in Mangalore
GST 2.0: Auto industry cheers rate cut, awaits clarity on cess
The new rates will take effect right in time from Sep 22, coinciding with Navratri which is a period of strong buying sentiment, and then spilling over to other festivities. With the Union government ushering in much-anticipated GST reforms, aimed at boosting disposable income and driving consumption, the auto industry stakeholders have welcomed the move… Continue reading GST 2.0: Auto industry cheers rate cut, awaits clarity on cess
India’s EV story is just 3–4 years old, but charging infrastructure is catching up: Exicom CEO
While EV adoption is rising, charging infrastructure remains a concern due to power availability and policy unpredictability. India’s electric vehicle journey is gathering pace, but charging infrastructure continues to be a key concern for consumers. In a recent conversation with The Times of India Auto, Anant Nahata, CEO of Exicom, spoke about the evolving landscape,… Continue reading India’s EV story is just 3–4 years old, but charging infrastructure is catching up: Exicom CEO