Shares of most automobile and battery manufacturing companies closed higher today, after Finance Minister Nirmala Sitharaman announced a slew of measures to drive the rural economy, and accelerate electric vehicle adoption in the country. The Nifty Auto index ended 1.9% higher at 23,305.45 level. In intraday trade, the index had gained by 2.9%. Of the… Continue reading BUDGET 2025: Auto, battery makers’ stocks rally on rural push and EV Incentives
Author: Autocar_Professional India Online News
BUDGET 2025: Auto, battery makers’ stocks rally on rural push and EV Incentives
Shares of most automobile and battery manufacturing companies closed higher today, after Finance Minister Nirmala Sitharaman announced a slew of measures to drive the rural economy, and accelerate electric vehicle adoption in the country. The Nifty Auto index ended 1.9% higher at 23,305.45 level. In intraday trade, the index had gained by 2.9%. Of the… Continue reading BUDGET 2025: Auto, battery makers’ stocks rally on rural push and EV Incentives
BUDGET 2025: PLI Auto scheme gets Rs 2,819 crore in FY26
The government has allocated Rs 2,819 crore for the production-linked incentive (PLI) scheme for automobile and auto components in the financial year 2026, as per the union budget presented today. The government had initially allocated a much larger amount of Rs 3,500 for the scheme in the financial year 2025 . However, revised budget estimate… Continue reading BUDGET 2025: PLI Auto scheme gets Rs 2,819 crore in FY26
BUDGET 2025: PLI Auto scheme gets Rs 2,819 crore in FY26
The government has allocated Rs 2,819 crore for the production-linked incentive (PLI) scheme for automobile and auto components in the financial year 2026, as per the union budget presented today. The government had initially allocated a much larger amount of Rs 3,500 for the scheme in the financial year 2025 . However, revised budget estimate… Continue reading BUDGET 2025: PLI Auto scheme gets Rs 2,819 crore in FY26
BUDGET 2025: Capital expenditure rises to Rs 11.2 lakh crore, boost to infra and auto
The Union Budget 2025 has allocated ₹11.2 lakh crore for capital expenditure in FY2026, up from ₹10.2 lakh crore in FY2025. This represents a 10.1% increase compared to the previous year. The government’s focus on fiscal consolidation, while continuing its capex thrust augurs well for the economy, says Ashish Modani, Senior Vice President & Group… Continue reading BUDGET 2025: Capital expenditure rises to Rs 11.2 lakh crore, boost to infra and auto
Tata Motors sells 48,076 cars and SUVs in January, EV sales down 25%
Tata Motors has announced wholesales of 48,076 passenger vehicles in January 2025, down 10% year on year (January 2024: 53,633 units). This includes 5,240 electric vehicles, whose sales are down 25% YoY (January 2024: 6,979 EVs). The company, which retails eight passenger vehicles – Altroz, Tigor, Tiago, Nexon, Punch, Harrier, the Safari and the Curvv… Continue reading Tata Motors sells 48,076 cars and SUVs in January, EV sales down 25%
Tata Motors’ domestic CV wholesales drop 2% YoY
Mumbai-based Tata Motors’ domestic commercial vehicle wholesales dropped by 2% to 30,083 units during January 2025, as compared to a similar period last year, when 30,643 units were registered. As per the data released by the company, HCV (Heavy Commercial Vehicles) registered a 1% increase, with 8,990 units sold during January 2025, as against 8,906 units sold during… Continue reading Tata Motors’ domestic CV wholesales drop 2% YoY
Auto industry set for multi-segment growth following budget 2025 provisions, says FADA
The Federation of Automobile Dealers Associations (FADA) has released a comprehensive analysis of Budget 2025-26, projecting positive growth across various automotive segments due to targeted policy interventions and economic measures. Rural demand for automobiles is expected to see a significant uptick, driven by the newly announced Dhan Dhanya Krishi Yojana covering 1.7 crore farmers across… Continue reading Auto industry set for multi-segment growth following budget 2025 provisions, says FADA
BUDGET 2025: Govt announces host of initiatives for farmers to boost rural economy
Finance Minister Nirmala Sitharaman announced a host of initiatives to boost the agriculture sector and rural economy in the Union Budget 2025, presented in the Lok Sabha today. The government announced programmes aimed at improving productivity, providing long and short-term credit, and increase employment in the sector. The government has plans to utilise the India… Continue reading BUDGET 2025: Govt announces host of initiatives for farmers to boost rural economy
Auto Industry Bodies Welcome Union Budget 2025-26, Highlight Growth Potential
Leading automotive industry associations have welcomed the Union Budget 2025-26, describing it as progressive and growth-oriented, with strong potential to boost vehicle sales across segments through increased consumer spending power and manufacturing support. The Automotive Component Manufacturers Association (ACMA) and Federation of Automobile Dealers Associations (FADA) both emphasized how the budget’s focus on middle-class tax… Continue reading Auto Industry Bodies Welcome Union Budget 2025-26, Highlight Growth Potential