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
Category: US Motoring Press
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
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
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’ 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