Sona BLW Precision Forgings Ltd. (Sona Comstar), a global mobility technology supplier, has completed the acquisition of the Railway Equipment Division (RED) of Escorts Kubota Limited. The transaction, executed as a going concern on a slump sale basis, was first announced in October 2024. RED, a key supplier of railway components such as brake and… Continue reading Sona Comstar Completes Acquisition of Escorts Kubota Limited’s Railway Equipment Division
Category: US Motoring Press
Honda Motorcycle & Scooter India Records Sales of 4.65 Lakh Units in May 2025
Honda Motorcycle & Scooter India (HMSI) announced that it sold a total of 4,65,115 units in May 2025. The monthly figure includes domestic sales of 4,17,256 units and exports of 47,859 units. In the year-to-date period for FY26 (April–May 2025), HMSI’s overall sales reached 9,45,979 units, with 8,40,155 units sold in the Indian market and… Continue reading Honda Motorcycle & Scooter India Records Sales of 4.65 Lakh Units in May 2025
India’s Multi-Fuel Journey Towards Sustainable Mobility and Energy Independence
For decades, the automotive industry has been at the forefront of criticism for its significant contribution to environmental challenges, including air pollution, extensive land use for roads, parking facilities, and massive energy consumption. These issues are particularly acute in urban areas. It is estimated that road transportation, encompassing cars, two-wheelers, trucks, and buses, accounts for… Continue reading India’s Multi-Fuel Journey Towards Sustainable Mobility and Energy Independence
Tesla Not Interested in Manufacturing in India: Heavy Industries Minister Kummaraswamy
As the government rolled out the much-awaited guidelines of the scheme to promote the manufacturing of electric cars in India, Minister of Heavy Industries H.D. Kummaraswamy said Tesla is not interested in manufacturing cars in India at the moment. “We are not actually expecting from them [Tesla]. They are planning to start with showrooms. They… Continue reading Tesla Not Interested in Manufacturing in India: Heavy Industries Minister Kummaraswamy
Continental Tyres to End Truck Tyre Production in India, Focus on Passenger Vehicle Market
Continental Tyres announced on June 2, 2025, that it will discontinue truck and bus radial (TBR) tire manufacturing at its Modipuram plant in Meerut, Uttar Pradesh, effective June 2025. The company will redirect its focus exclusively to passenger car and light truck (PLT) tire production in India. The decision follows what Continental describes as a… Continue reading Continental Tyres to End Truck Tyre Production in India, Focus on Passenger Vehicle Market
Continental Tyres to End Truck Tyre Production in India, Focus on Passenger Vehicle Market
Continental Tyres announced on June 2, 2025, that it will discontinue truck and bus radial (TBR) tire manufacturing at its Modipuram plant in Meerut, Uttar Pradesh, effective June 2025. The company will redirect its focus exclusively to passenger car and light truck (PLT) tire production in India. The decision follows what Continental describes as a… Continue reading Continental Tyres to End Truck Tyre Production in India, Focus on Passenger Vehicle Market
Mercedes-Benz, Volkswagen, Hyundai, Show Interest in India’s Electric Car Manufacturing Scheme
Global automakers including Mercedes-Benz, Volkswagen, Skoda, Hyundai, and Kia have formally expressed interest in India’s scheme to promote the manufacturing of electric passenger cars, according to Minister of Heavy Industries HD Kumaraswamy. “Mercedes-Benz, Volkswagen, Skoda, then Hyundai and Kia — all these companies have already shown interest formally. Tesla, we are not actually expecting from… Continue reading Mercedes-Benz, Volkswagen, Hyundai, Show Interest in India’s Electric Car Manufacturing Scheme
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
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