The governments focus on rare earth permanent magnet corridors will significantly strengthen domestic supply chains critical for EVs, aerospace and advanced electronics sectors. The focus in the Union Budget 2026-27 on scaling manufacturing in strategic sectors, building value chain in critical minerals and rare earths will be vital enablers for the future of electric vehicles,… Continue reading Focus on building value chain in critical minerals in Budget vital enabler for EVs, next-gen mobility: Industry
Author: Economic Times of India Online News
UK vehicle production drops nearly 16% in toughest year in a generation: SMMT
While car production declined 8% to 717,371 units, commercial vehicle output plunged 62.3% to 47,344 units. British vehicle production tumbled in 2025 after a cyberattack at the country’s largest automaker, new trade tariffs and plant restructuring weighed on output in what was described as the sector’s toughest year in a generation. Total vehicle production dropped… Continue reading UK vehicle production drops nearly 16% in toughest year in a generation: SMMT
Hyundai Motor did not exercise option to buy back Russian auto factory
South Korean automaker Hyundai Motor did not exercise a buyback option for its former manufacturing plant in Russia, the company said on Monday, amid the continuing war in Ukraine. Along with its affiliate Kia, Hyundai was once the biggest foreign carmaker in Russia. However, Chinese brands have gained significant market share over the past four… Continue reading Hyundai Motor did not exercise option to buy back Russian auto factory
Ford held talks with China’s Xiaomi over EV partnership
Ford has held talks with electric-vehicle maker Xiaomi about forming a joint venture to manufacture EVs in the US, the Financial Times reported on Saturday, citing people familiar with the matter. A Ford spokesperson denied the FT report, calling it “completely false” in an X post. A Xiaomi spokesperson also dismissed the report. “Xiaomi does… Continue reading Ford held talks with China’s Xiaomi over EV partnership
Will budget announce scheme to phase out old polluting vehicles?
New Delhi, Jan 19 (ANI): Vehicles move through dense smog on NH-24 near Akshardham with the Air Quality Index (AQI) at 455, categorised as Severe by the Central Pollution Control Board (CPCB), in New Delhi on Monday. (ANI Video Grab) Central govt may announce a scheme to curb air pollution in Delhi-NCR caused by old… Continue reading Will budget announce scheme to phase out old polluting vehicles?
Delhi gasps as budget to combat pollution lowered
New Delhi: The Union Budget 2026–27 on Sunday cut allocation for pollution control at a time when the toxic air quality of Delhi-NCR and the Indo-Gangetic Plains has set off alarm bells on an unfolding public health crisis. The Centre has allocated ₹1,091 crore for pollution control in FY 2026–27, which is ₹209 crore lower… Continue reading Delhi gasps as budget to combat pollution lowered
Boost for chips, components plan
Launch of the India Semiconductor Mission (ISM) 2.0 and ramp up in the outlay for the Electronic Component Manufacturing Scheme (ECMS) to ₹40,000 crore are expected to bolster domestic production of equipment and materials, while also fortifying India’s place in global supply chains. ISM 2.0 has been one of the industry’s top demands. The first… Continue reading Boost for chips, components plan
Auto industry gets multi-layer boost in Budget 2026
Budget 2026 marks a decisive shift in India’s Auto and EV landscape by lowering battery input costs, deepening semiconductor capability, and advancing cleaner logistics, all while aligning with the climate and modal shift priorities outlined in the Economic Survey. A central thrust of the Budget is the push for stronger Domestic Value Addition (DVA) in… Continue reading Auto industry gets multi-layer boost in Budget 2026
TVS Motor Company sales up 30% to 383,262 units in January 2026
Electric vehicle sales reached 37,756 units, an increase of 50 per cent over 25,195 units in the same month last year. TVS Motor Company reported domestic two-wheeler sales of 383,262 units in January 2026, up 30 per cent from 293,860 units a year earlier, the company said in its monthly update. Total sales stood at… Continue reading TVS Motor Company sales up 30% to 383,262 units in January 2026
Budget 2026 gets SIAM backing for manufacturing, EV and infrastructure push
The Society of Indian Automobile Manufacturers (SIAM) has welcomed the Union Budget 2026–27, saying its strong emphasis on manufacturing, infrastructure and electric mobility will provide long-term support to the automotive sector. Shailesh Chandra, President of SIAM and MD & CEO of Tata Motors Passenger Vehicles, said the Budget reflects a balanced approach focused on economic… Continue reading Budget 2026 gets SIAM backing for manufacturing, EV and infrastructure push