As the global auto industry accelerates toward decarbonisation, a clear divide is forming. While the Global North pursues rapid electrification fueled by policy mandates, advanced infrastructure, and generous incentives, the Global South is carving out a different path—one rooted in practicality, energy diversity, and local realities. Speaking at the Future of Powertrains Conclave in Chennai,… Continue reading Two Hemispheres, Two Roads – India’s Auto Leaders Decode the Global North–South Divide in Clean Mobility
Author: Autocar_Professional India Online News
AKWEL Reports 32.3% Decline in Net Income in 2024 Amid Market Challenges
AKWEL, a leading global manufacturer of automotive and heavy-vehicle components, has announced its financial results for the year 2024, reporting a net income of €24.2 million, marking a 32.3% decline compared to 2023. The company’s total revenue fell by 7.3% to €989 million, down from €1.066 billion in the previous year. Earnings before interest, taxes,… Continue reading AKWEL Reports 32.3% Decline in Net Income in 2024 Amid Market Challenges
“Customers Swear by Their Quality—We’ll Bring Scale, Capital, and Integration” — Arvind Goel on Recent IAC Acquisitions
In a strategic move aimed at strengthening its global footprint in the rapidly evolving automotive interiors sector, Tata AutoComp Systems Ltd. has acquired the assets of IAC Sweden and IAC Asterix UK. The acquisitions mark a significant push into the premium segment of vehicle interiors, expanding the company’s customer base and opening new avenues for… Continue reading “Customers Swear by Their Quality—We’ll Bring Scale, Capital, and Integration” — Arvind Goel on Recent IAC Acquisitions
Trump Tariffs: Auto Industry Reactions
The 25% import tariff imposed by the Donald Trump administration on automobiles a week ago went into effect on Wednesday. The tariffs were announced on March 26. Trump had also announced a 25% import duty on foreign-made auto components, used in vehicles assembled domestically. The 25% tariff on auto components will go into effect on… Continue reading Trump Tariffs: Auto Industry Reactions
Mahindra South Africa Unit Posts New Annual Sales Record In FY25 On Strong Retail Demand
Mahindra & Mahindra Ltd.’s South African unit has registered its highest-ever annual sales of 15,088 vehicles in the financial year that ended March 2025, driven by a record-breaking performance in March. The company sold 2,253 vehicles last month—its best monthly tally to date—marking a 40% year-on-year surge and breaching the 2,000-unit milestone in a single… Continue reading Mahindra South Africa Unit Posts New Annual Sales Record In FY25 On Strong Retail Demand
Mahindra South Africa Unit Posts New Annual Sales Record In FY25 On Strong Retail Demand
Mahindra & Mahindra Ltd.’s South African unit has registered its highest-ever annual sales of 15,088 vehicles in the financial year that ended March 2025, driven by a record-breaking performance in March. The company sold 2,253 vehicles last month—its best monthly tally to date—marking a 40% year-on-year surge and breaching the 2,000-unit milestone in a single… Continue reading Mahindra South Africa Unit Posts New Annual Sales Record In FY25 On Strong Retail Demand
BMW Group India Reports Record Sales Growth in Q1
BMW Group India reported its highest-ever first-quarter car deliveries in 2025, recording a 7% year-on-year growth. The company delivered 3,914 cars (BMW and MINI) and 1,373 motorcycles (BMW Motorrad) between January and March 2025. Each month in the quarter—January, February, and March—recorded its highest-ever sales. BMW said it maintains its position as India’s leading luxury… Continue reading BMW Group India Reports Record Sales Growth in Q1
India’s Two-Wheeler Quality Concerns Increase with Higher Usage: Study
According to the J.D. Power 2025 India Two-Wheeler Initial Quality Study (2WIQS) released on March 5, two-wheeler owners in India experience more quality-related issues as they accumulate kilometers on their vehicles. The study found that owners report an average increase of 9 problems per 100 vehicles (PP100) when they’ve ridden their vehicles more than 2,500… Continue reading India’s Two-Wheeler Quality Concerns Increase with Higher Usage: Study
India’s Two-Wheeler Quality Concerns Increase with Higher Usage: Study
According to the J.D. Power 2025 India Two-Wheeler Initial Quality Study (2WIQS) released on March 5, two-wheeler owners in India experience more quality-related issues as they accumulate kilometers on their vehicles. The study found that owners report an average increase of 9 problems per 100 vehicles (PP100) when they’ve ridden their vehicles more than 2,500… Continue reading India’s Two-Wheeler Quality Concerns Increase with Higher Usage: Study
LANXESS Completes Sale of Urethane Systems Business to UBE Corporation
Specialty chemicals company LANXESS has finalized the sale of its Urethane Systems business to Japan-based UBE Corporation. The transaction, initially announced in October 2024, was completed on April 1, 2025, after receiving approvals from all relevant antitrust authorities. LANXESS secured gross cash proceeds of approximately €500 million, with the enterprise value of the deal amounting… Continue reading LANXESS Completes Sale of Urethane Systems Business to UBE Corporation