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
Author: Economic Times of India Online News
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
BYD’s senior management set to visit India as Modi-Xi reset ties
BYD plans to price Atto 2 well under the 2-mn-rupee threshold despite a 70 per cent local levy imposed on imported cars, underscoring intensifying competition in mass market segment. BYD Co. is gearing up for a renewed push into India, according to people familiar with the matter, as warming diplomatic ties pave the way for… Continue reading BYD’s senior management set to visit India as Modi-Xi reset ties
India crosses 1 mn EV sales in FY25, says Heavy Industries Minister
H D Kumaraswamy New Delhi: India sold more than one million electric vehicles in 2024-25, making it one of the fastest-growing electric mobility markets globally, Union Minister for Heavy Industries and Steel H D Kumaraswamy said on Wednesday reported PTI. “In 2024-25, India sold over one million electric vehicles, with electric two-wheelers growing 21 per… Continue reading India crosses 1 mn EV sales in FY25, says Heavy Industries Minister
Will look into cess issue, but OEMs also have a responsibility: Piyush Goyal
FADA President CS Vigneshwar told ETAuto that cess, meant to be borne by the end user, is currently carried by dealers before being passed on to customers. Commerce and Industry Minister Piyush Goyal on Wednesday said he will consider taking up with the Finance Ministry the issue of supporting dealers on the utilisation of the… Continue reading Will look into cess issue, but OEMs also have a responsibility: Piyush Goyal
FADA warns of stock build-up, seeks inventory discipline by automakers to protect dealer viability
Since automakers are currently not billing dealers with new inventory, any sales made by dealers until September 22 will reduce the cess balance. India’s automobile dealers on Tuesday flagged the build-up of unsold stock as a critical threat to their financial health, warning that “dead inventory, thin margins and costly training” are undermining business viability… Continue reading FADA warns of stock build-up, seeks inventory discipline by automakers to protect dealer viability
Toyota Kirloskar Motor and Presidency University to launch M.Tech in automotive IT
Presidency University will provide infrastructure and manage laboratories, while TKM will support with the setup and contribute to curriculum design. Toyota Kirloskar Motor (TKM) has signed a Memorandum of Understanding with Presidency University, Bengaluru, to introduce a Master of Technology programme in Automotive Information Technology. The programme will begin with an intake of 18 students… Continue reading Toyota Kirloskar Motor and Presidency University to launch M.Tech in automotive IT