We aim to achieve25% localisation in the coming years, this is of the total that we had projected four years, the industry is working towards it” he adds. The Indian automotive industry stands at a crossroads, balancing rapid growth, localisation efforts, and the transition to new technologies such as electric vehicles (EVs), and flex-fuel engines.… Continue reading India’s auto industry races towards localisation amidst electrification and policy shifts
Author: Economic Times of India Online News
Automakers urge USDOT to quickly restart federal EV charging program
Walmart and others, said it urged the Trump administration “to quickly resume the critical work of the program and minimize uncertainty for states and their businesses, who have invested in infrastructure to serve local and national goals for advanced transportation.” A group representing automakers and electric vehicle charging companies on Friday urged the U.S. Transportation… Continue reading Automakers urge USDOT to quickly restart federal EV charging program
Trump administration move to freeze EV charger funding confounds states
“Those stations will continue operating, but as far as what comes next, we’re in the same boat with everyone else, just trying to figure it out,” she said. A new federal order that freezes a Biden-era program to build a national network of electric vehicle charging stations has confounded states, which had been allocated billions… Continue reading Trump administration move to freeze EV charger funding confounds states
Trump immigration, tariff rhetoric rattles India auto suppliers
The impact of tariffs on Mexico’s economy will also likely ripple through to the Indian scooter makers, who count the Latin American country as a key market. US President Donald Trump’s threats of steep tariffs on Mexico and his planned curbs on immigration present a two-pronged threat to Indian auto parts suppliers and their ambitions… Continue reading Trump immigration, tariff rhetoric rattles India auto suppliers
Tractor segment to grow over 15% in Q4; CVs remain weak, says M&M
Retail sales data shows the tractor segment touched a new all-time highs during CY2024 New Delhi: Auto major Mahindra & Mahindra (M&M) on Friday expressed optimism about growth in the tractor segment, but anticipates a recovery in the commercial vehicle segment only in the next fiscal year. “We expect the industry to grow at over… Continue reading Tractor segment to grow over 15% in Q4; CVs remain weak, says M&M
Mahindra & Mahindra reports 20% rise in Q3 profit, driven by auto and farm segments
Mahindra Scorpio Mahindra & Mahindra (M&M) reported a 20% increase in consolidated profit after tax (PAT) to INR 3,181 crore in the third quarter of fiscal year 2025 (Q3 F25). The company saw strong performance across its automotive, farm equipment, financial services, and technology sectors. Growth and margin expansion in the auto and farm segments… Continue reading Mahindra & Mahindra reports 20% rise in Q3 profit, driven by auto and farm segments
Mahindra Logistics partners with Asian Paints to enhance supply chain efficiency with ‘Pro-Trucking’ solutions
The focus is on improving turnaround times, ensuring fleet availability, and maximising utilisation. Mahindra Logistics and Asian Paints have partnered to enhance Asian Paints’ supply chain efficiency. Mahindra Logistics will provide integrated line haul transportation solutions, specifically for short distances, utilising their new “Pro-Trucking” offering. This partnership builds upon existing warehousing collaboration between the two… Continue reading Mahindra Logistics partners with Asian Paints to enhance supply chain efficiency with ‘Pro-Trucking’ solutions
India needs 3.9 million EV charging stations by 2030, USD 450 million invested so far: Report
Standardisation and interoperability are highlighted as key factors for EV adoption. India’s electric vehicle (EV) charging market has attracted over USD 450 million in investments, primarily in public charging networks and battery-swapping models, according to the report “Charging Ahead II” released by GameChanger Law Advisors and Speciale Invest. Despite the growth, the country faces a… Continue reading India needs 3.9 million EV charging stations by 2030, USD 450 million invested so far: Report
M&M Q3 Preview: Strong volumes to drive revenue, PAT higher; margins to expand
The auto major clocked robust growth in volumes in both the auto and farm segments. While auto volumes were up 17% YoY, that of farm segments rose 20% YoY in Q3. Mahindra and Mahindra (M&M) is expected to report solid earnings for the third quarter ended December 2024, led by growth across segments and better… Continue reading M&M Q3 Preview: Strong volumes to drive revenue, PAT higher; margins to expand
HCLTech partners with ChargePoint to drive EV charging tech
It aims to leverage HCLTech’s engineering capabilities by way of an agile, product-focused operating model, to help ChargePoint deliver scalable and customisable EV charging experiences. IT services company HCL Technologies (HCLTech) on Thursday announced a collaboration with ChargePoint, a provider of networked charging solutions for electric vehicles, to drive innovation in EV charging software. According… Continue reading HCLTech partners with ChargePoint to drive EV charging tech