India Auto Inc sold a total of 2.29 million vehicles in January 2025, up 6.6% YoY (January 2024: 2.14 million units) as per the retail sales data released by Federation of Automobile Dealers Association (FADA). Importantly, there is growth across all segments including tractors. While retail sales of two-wheelers at 1.52 million units were up… Continue reading India Auto Inc sells 2.29 million vehicles in January, all segments register growth
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India Auto Inc sells 2.29 million vehicles in January, all segments register growth
India Auto Inc sold a total of 2.29 million vehicles in January 2025, up 6.6% YoY (January 2024: 2.14 million units) as per the retail sales data released by Federation of Automobile Dealers Association (FADA). Importantly, there is growth across all segments including tractors. While retail sales of two-wheelers at 1.52 million units were up… Continue reading India Auto Inc sells 2.29 million vehicles in January, all segments register growth
Maruti Suzuki and Sarva Haryana Gramin Bank Form Vehicle Financing Partnership
Maruti Suzuki India Limited (MSIL) and Sarva Haryana Gramin Bank (SHGB) have signed a Memorandum of Understanding (MoU) to establish a vehicle financing partnership. The agreement will allow both organizations to provide financial solutions for vehicle purchases. The signing ceremony was attended by Maruti Suzuki representatives including Partho Banerjee, Senior Executive Officer of Marketing &… Continue reading Maruti Suzuki and Sarva Haryana Gramin Bank Form Vehicle Financing Partnership
TVS NTorq sells 1.88 million units since launch seven years ago
TVS Motor Co, which is having a strong run in the scooter market in the current fiscal with sales of 13,30,260 units, up 23% YoY, in April-December 2024, has two key products driving this growth – its flagship Jupiter and the NTorq 125. The NTorq 125, TVS Motor Co’s vehicle of entry into the 125cc… Continue reading TVS NTorq sells 1.88 million units since launch seven years ago
Indian auto sales show mixed growth in January 2025, two-wheeler segment slows.
India’s automotive sector reported mixed performance in January 2025, with passenger vehicle sales growing 3% while two-wheeler dispatches showed modest 1% growth year-over-year. The trend indicates a potential impact of weak financing on the two-wheeler segment, according to a BNP Paribas research report. The medium and heavy commercial vehicle (MHCV) segment returned to growth with… Continue reading Indian auto sales show mixed growth in January 2025, two-wheeler segment slows.
BUDGET 2025: No Change in Effective Duty on Import of Cars
The recent Union Budget brought joy to those looking to import cars to India, as the basic customs duty (BCD) on import of cars was reduced by way of exempting them from the Social Welfare Surcharge (SWS). However, a closer look at the budget document shows that an Agriculture Infrastructure and Development Cess (AIDC) has… Continue reading BUDGET 2025: No Change in Effective Duty on Import of Cars
BUDGET 2025: No Change in Effective Duty on Import of Cars
The recent Union Budget brought joy to those looking to import cars to India, as the basic customs duty (BCD) on import of cars was reduced by way of exempting them from the Social Welfare Surcharge (SWS). However, a closer look at the budget document shows that an Agriculture Infrastructure and Development Cess (AIDC) has… Continue reading BUDGET 2025: No Change in Effective Duty on Import of Cars
BUDGET 2025: No Change in Effective Duty on Import of Cars
The recent Union Budget brought joy to those looking to import cars to India, as the basic customs duty (BCD) on import of cars was reduced by way of exempting them from the Social Welfare Surcharge (SWS). However, a closer look at the budget document shows that an Agriculture Infrastructure and Development Cess (AIDC) has… Continue reading BUDGET 2025: No Change in Effective Duty on Import of Cars
Budget 2026: Auto Sector Faces Uneven Road Ahead, Says BNP Paribas
BNP Paribas Securities India has released its analysis of the Union Budget 2026, highlighting both opportunities and challenges for India’s automotive sector. The research report, authored by Kumar Rakesh, suggests that while tax cuts could boost demand, the benefits may not be uniform across all segments. The investment bank views the direct tax cuts as… Continue reading Budget 2026: Auto Sector Faces Uneven Road Ahead, Says BNP Paribas
Budget 2026: Auto Sector Faces Uneven Road Ahead, Says BNP Paribas
BNP Paribas Securities India has released its analysis of the Union Budget 2026, highlighting both opportunities and challenges for India’s automotive sector. The research report, authored by Kumar Rakesh, suggests that while tax cuts could boost demand, the benefits may not be uniform across all segments. The investment bank views the direct tax cuts as… Continue reading Budget 2026: Auto Sector Faces Uneven Road Ahead, Says BNP Paribas