Europe’s new passenger car market grew by 0.9% last year. This is according to new data from JATO Dynamics, which found that 12,909,741 new passenger cars were registered across Europe-28 in 2024.1 Despite the slight uptick in registrations, 2024 was the fifth year of muted registrations figures when compared to pre pandemic levels. Europe’s car… Continue reading Europe sees record SUV market share at 54% of 12.9 million PV sales in CY2024
Author: Autocar_Professional India Online News
Castrol India reports strong Q4 performance with 12% profit growth, sets record annual revenue
Castrol India Limited, a leading lubricant manufacturer, announced robust financial results for the fourth quarter of 2024, with profit after tax rising 12% to ₹271 crore compared to ₹242 crore in the same period last year. The company’s revenue from operations grew 7% to reach ₹1,354 crore in Q4. The strong quarterly performance contributed to… Continue reading Castrol India reports strong Q4 performance with 12% profit growth, sets record annual revenue
BUDGET 2025: No Change in Effective Duty on Import of Cars
The recent Union Budget brought joy to those looking to import cars to India, as the basic customs duty (BCD) on import of cars was reduced by way of exempting them from the Social Welfare Surcharge (SWS). However, a closer look at the budget document shows that an Agriculture Infrastructure and Development Cess (AIDC) has… Continue reading BUDGET 2025: No Change in Effective Duty on Import of Cars
BUDGET 2025: No Change in Effective Duty on Import of Cars
The recent Union Budget brought joy to those looking to import cars to India, as the basic customs duty (BCD) on import of cars was reduced by way of exempting them from the Social Welfare Surcharge (SWS). However, a closer look at the budget document shows that an Agriculture Infrastructure and Development Cess (AIDC) has… Continue reading BUDGET 2025: No Change in Effective Duty on Import of Cars
BUDGET 2025: No Change in Effective Duty on Import of Cars
The recent Union Budget brought joy to those looking to import cars to India, as the basic customs duty (BCD) on import of cars was reduced by way of exempting them from the Social Welfare Surcharge (SWS). However, a closer look at the budget document shows that an Agriculture Infrastructure and Development Cess (AIDC) has… Continue reading BUDGET 2025: No Change in Effective Duty on Import of Cars
Budget 2026: Auto Sector Faces Uneven Road Ahead, Says BNP Paribas
BNP Paribas Securities India has released its analysis of the Union Budget 2026, highlighting both opportunities and challenges for India’s automotive sector. The research report, authored by Kumar Rakesh, suggests that while tax cuts could boost demand, the benefits may not be uniform across all segments. The investment bank views the direct tax cuts as… Continue reading Budget 2026: Auto Sector Faces Uneven Road Ahead, Says BNP Paribas
Budget 2026: Auto Sector Faces Uneven Road Ahead, Says BNP Paribas
BNP Paribas Securities India has released its analysis of the Union Budget 2026, highlighting both opportunities and challenges for India’s automotive sector. The research report, authored by Kumar Rakesh, suggests that while tax cuts could boost demand, the benefits may not be uniform across all segments. The investment bank views the direct tax cuts as… Continue reading Budget 2026: Auto Sector Faces Uneven Road Ahead, Says BNP Paribas
Electrification and lightweighting reshaping material requirements: Envalior
With a significant overhaul of fundamental vehicle propulsion technology, materials are going to play a key role in driving future innovation in the automotive industry. Leading materials supplier Envalior outlines its key material trends and its product roadmap. As the automotive industry transitions towards sustainable mobility solutions, there is a fundamental shift in vehicle propulsion technology, which is required… Continue reading Electrification and lightweighting reshaping material requirements: Envalior
Greaves Electric Mobility Sees Surge in January Sales
Greaves Electric Mobility Limited (GEML), the e-mobility arm of Greaves Cotton Limited, reported strong sales in January. Under the company’s flagship Ampere brand, it sold 3,611 units in January according to the Vahan portal, retaining the 5th spot amongst top-selling electric two-wheeler brands in India. The manufacturer recorded 53% Y-o-Y growth, and a 27% M-o-M… Continue reading Greaves Electric Mobility Sees Surge in January Sales
Budget 2025: Industry Reactions
The automotive industry has largely welcomed the provisions of Budget 2025 intended to give a fillip to demand and encourage local production of key raw materials such as EV batteries. Here are some of the highlights. Niraj Singh, Founder and CEO, Spinny “The Union Budget 2025 is a significant boost for India’s startup ecosystem and… Continue reading Budget 2025: Industry Reactions