The Union Budget 2025 announced on Saturday managed to maintain a healthy budgetary outlay towards capital expenditure at Rs 11.2 trillion (Rs 11.2 lakh crore) in FY2026, as compared to Rs 10.2 trillion (Rs 10.2 lakh crore) in FY2025, implying a growth of 10.1% YoY. Furthermore, the government’s focus on fiscal consolidation, despite continuing its… Continue reading CV Makers Applaud Budget 2025’s Focus on Infra-Spending
Category: US Motoring Press
OEM-wise auto sales – January 2025
Here are the auto sales reported by various OEMs for January 2025 Maruti Suzuki India Passenger vehicle market leader Maruti Suzuki India has announced its wholesales (dispatches to showroom) numbers for January 2025. At 173,599 vehicles, up 4% YoY (January 2024: 166,802 units), this constitutes its highest monthly dispatches in the first 10 months of FY2025,… Continue reading OEM-wise auto sales – January 2025
BUDGET 2025: Rs 4,000 crore for PM E-Drive, Rs 1,310 crore for PM-eBus Sewa in FY26
The government has earmarked Rs 4,000 crore towards the PM E-Drive or the Pradhan Mantri Electric Drive Revolution in Innovative Vehicle Enhancement, scheme and Rs 1,310 crore for the PM-eBus Sewa-Payment Security Mechanism for the financial year 2024, according to the budget documents. The Rs 10,900-crore PM E-Drive scheme, which superseded FAME scheme, was launched… Continue reading BUDGET 2025: Rs 4,000 crore for PM E-Drive, Rs 1,310 crore for PM-eBus Sewa in FY26
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: 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