Autocar_Professional India Online News – Page 350

FY26 Export Target at 4 Lakh, With Eyes Set on 50% Market Share in the long term: Rahul Bharti

India’s largest carmaker Maruti Suzuki’s export push gained momentum as the carmaker reported a 50% year-on-year jump in overseas shipments to 59,130 units in April–May FY26. Backed by its strategy to de-risk from domestic market pressures, the company is targeting 4 lakh vehicle exports for the full fiscal year. “Our de-risking strategy of pursuing growth… Continue reading FY26 Export Target at 4 Lakh, With Eyes Set on 50% Market Share in the long term: Rahul Bharti

India Releases Guidelines for Electric Car Manufacturing Scheme

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

India Releases Guidelines for Electric Car Manufacturing Scheme

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

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