The Ministry of Heavy Industries has issued detailed guidelines for its Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMPCI), outlining how global automakers can access reduced import duties while establishing local manufacturing operations. The scheme, first announced in March 2024, targets electric passenger car manufacturers with specific investment requirements and timeline commitments.… Continue reading India Releases Guidelines for Electric Car Manufacturing Scheme
Author: Autocar_Professional India Online News
Ramkrishna Forgings Secures Rs 710 Crore in Q4 Orders, Bolsters Diversification Drive
Auto component major Ramkrishna Forgings, received new orders worth Rs 710 crore in Q4FY25 with the program life being four years. About 74% of the new order wins are from the automotive segment while 23% coming from non-automotive segment in line with the diversification strategy, the company informed in a post result call with the… Continue reading Ramkrishna Forgings Secures Rs 710 Crore in Q4 Orders, Bolsters Diversification Drive
Ramkrishna Forgings Secures Rs 710 Crore in Q4 Orders, Bolsters Diversification Drive
Auto component major Ramkrishna Forgings, received new orders worth Rs 710 crore in Q4FY25 with the program life being four years. About 74% of the new order wins are from the automotive segment while 23% coming from non-automotive segment in line with the diversification strategy, the company informed in a post result call with the… Continue reading Ramkrishna Forgings Secures Rs 710 Crore in Q4 Orders, Bolsters Diversification Drive
Ramkrishna Forgings’ Inventory Overhaul Sparks Reforms Amid Investor Concerns
Ramkrishna Forgings Ltd., one of India’s key suppliers of forged automotive components, is undertaking a major internal overhaul following the preliminary findings of an independent investigation that uncovered significant inventory discrepancies. As the company admits to lapses stemming from its inability to scale systems in line with aggressive expansion, management is now moving to implement… Continue reading Ramkrishna Forgings’ Inventory Overhaul Sparks Reforms Amid Investor Concerns
Mahindra, MG Challenge Tata Motors’ EV Lead as India’s Electric Car Market Grows 52% in May
India’s electric passenger vehicle (E-PV) segment is witnessing a fierce three-way battle for supremacy as Mahindra & Mahindra and MG Motor India aggressively close the gap with Tata Motors, the long-time market leader. In May 2025, the top three players—Tata Motors, MG Motor, and Mahindra—accounted for a commanding 87.3% share of the electric PV market,… Continue reading Mahindra, MG Challenge Tata Motors’ EV Lead as India’s Electric Car Market Grows 52% in May
Truck Rentals Drop 5-7% in May on Key Routes as Supply Exceeds Demand
Truck rentals fell 5-7% during the second half of May 2025 on medium and long-haul trunk routes across India, according to the Indian Foundation of Transport Research and Training (IFTRT). The decline follows a period of strong performance in March and April when rates had increased. The rental drop stems from an oversupply of long-haul… Continue reading Truck Rentals Drop 5-7% in May on Key Routes as Supply Exceeds Demand
Kia India Maintains Growth Momentum with 14.43% Rise in May Sales
Kia India reported 22,315 vehicle dispatches in the domestic market for May 2025, representing a year-on-year growth of 14.43% compared to 19,500 units sold in May 2024. This marks the fifth consecutive month of growth for the South Korean automaker in the Indian market. The May performance follows a strong April showing where the company… Continue reading Kia India Maintains Growth Momentum with 14.43% Rise in May Sales
Escorts Kubota Reports Mixed Results in May 2025 with Tractor Sales Rising, Construction Equipment Declining
Escorts Kubota Limited announced mixed performance results for May 2025, with tractor sales showing growth while construction equipment sales declined significantly compared to the same period last year. The company’s Agri Machinery Business Division sold 10,354 tractors in May 2025, representing a 0.7% increase from the 10,286 tractors sold in May 2024. However, domestic tractor… Continue reading Escorts Kubota Reports Mixed Results in May 2025 with Tractor Sales Rising, Construction Equipment Declining
TVS Motor Company Records 17% Sales Growth in May 2025
TVS Motor Company reported a 17% increase in total sales for May 2025, with units sold rising from 369,914 in May 2024 to 431,275 units. The company’s performance across multiple segments contributed to this growth, with international business recording a 22% increase and electric vehicles showing expansion. The two-wheeler segment, which forms the core of… Continue reading TVS Motor Company Records 17% Sales Growth in May 2025
TVS Motor Company Records 17% Sales Growth in May 2025
TVS Motor Company reported a 17% increase in total sales for May 2025, with units sold rising from 369,914 in May 2024 to 431,275 units. The company’s performance across multiple segments contributed to this growth, with international business recording a 22% increase and electric vehicles showing expansion. The two-wheeler segment, which forms the core of… Continue reading TVS Motor Company Records 17% Sales Growth in May 2025