Under existing Motor Vehicles Rules, fitness tests for commercial vehicles are mandatory every two years up to eight years, and annually thereafter. Road Transport and Highways Minister Nitin Gadkari on Friday said the Centre and states could earn up to ₹40,000 crore in goods and services tax (GST) if all of the 9.7 million unfit… Continue reading Scrapping 9.7 million unfit vehicles could generate ₹40,000 crore GST: Gadkari
Author: Economic Times of India Online News
EU to fast-track review of 2035 combustion-engine ban
At the meeting the commission pledged to pull forward a revision of the system that was initially scheduled for 2026. The EU pledged Friday to fast-track a review of its plans to end combustion-engine vehicle sales by 2035, after pressure from Europe’s embattled carmakers. European Commission President Ursula von der Leyen hosted auto industry leaders… Continue reading EU to fast-track review of 2035 combustion-engine ban
EVs projected to hold 30% share of India’s 2W market by 2030: Kearney
According to the report, the household two-wheeler penetration is projected to rise from 75 per cent in 2020 to 89 per cent by 2030. The white paper, Indian Two-Wheeler Industry – Themes to Win in the Next Era of Transformation, was released at the 65th Annual Session of the Automotive Component Manufacturers Association of India… Continue reading EVs projected to hold 30% share of India’s 2W market by 2030: Kearney
GST reform is the biggest reform since Independence: Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal speaking at the ACMA Annual Conclave 2025. The recent reduction of GST on auto parts from 28 per cent to 18 per cent is the biggest indirect tax reform since Independence, Union Commerce and Industry Minister Piyush Goyal said at the ACMA Annual Conclave 2025. “Reducing GST from… Continue reading GST reform is the biggest reform since Independence: Piyush Goyal
Auto industry must balance cost, resilience and localisation: Industry leaders at ACMA 65th Annual Convention
Akash Passey, President, ZF India, speaking at the 65th ACMA Annual Convention. Amid the push for localisation and advanced technologies in manufacturing, the auto industry veterans stressed the need for building stringent global supply chains even if that comes at a higher cost. They were speaking at the 65th Annual Convention of ACMA (Automotive Component… Continue reading Auto industry must balance cost, resilience and localisation: Industry leaders at ACMA 65th Annual Convention
Late design changes delaying vehicle launches in India: Report
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
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