The Survey held the automobile industry as a core engine of economic growth, pointing out that India is the world’s largest market for two-wheelers and three-wheelers. Automakers operating in the country exported 5.3 million vehicles last fiscal year, indicating growing acceptance of India-made cars, commercial vehicles, two-wheelers and three-wheelers in international markets, the Economic Survey… Continue reading India exports 5.3 million vehicles in FY25 as global demand for made-in-India autos grows: Survey
Tag: Electric vehicles
Economic Survey 2026 flags auto sector’s rising exports, EV push and GST reforms as growth drivers
India’s automobile industry continues to strengthen its position as a key pillar of economic growth, with rising exports, robust production expansion and sustained policy support reinforcing its global competitiveness, according to the Economic Survey 2025–26 tabled in Parliament on Thursday. The Survey said India has emerged as the world’s largest market for two-wheelers and three-wheelers,… Continue reading Economic Survey 2026 flags auto sector’s rising exports, EV push and GST reforms as growth drivers
Economic Survey 2026: Rising automobile exports reflect growing global acceptance of India-made vehicles
New Delhi: India’s automobile exports are increasingly reflecting the growing acceptance of vehicles manufactured in the country across global markets, the Economic Survey 2025–26 said. According to the Survey, the industry exported more than 53 lakh vehicles across passenger, commercial, two- and three-wheelers in FY25 and recorded double-digit growth in exports in the first half… Continue reading Economic Survey 2026: Rising automobile exports reflect growing global acceptance of India-made vehicles
BMW India Crosses 1,000 BMW i7 Electric Sedan Deliveries
BMW India has delivered 1,000 units of its flagship electric sedan, the BMW i7, since the model was launched in the country, marking a milestone for the company’s luxury electric vehicle (EV) portfolio . The BMW i7 is the brand’s first all-electric luxury sedan and sits at the top of its India line-up. According to… Continue reading BMW India Crosses 1,000 BMW i7 Electric Sedan Deliveries
German Auto Supplier Aumovio to Cut Up to 4,000 Jobs Globally: Reuters
German automotive supplier Aumovio announced plans on Tuesday to eliminate up to 4,000 positions worldwide by year’s end as part of a restructuring of its research and development operations, according to Reuters. The job cuts will affect employees across six countries: India, Singapore, Romania, Serbia, Germany, and Mexico, Reuters reported, citing a company statement. In… Continue reading German Auto Supplier Aumovio to Cut Up to 4,000 Jobs Globally: Reuters
India and Canada Hold Talks on Clean Mobility and Critical Minerals
India and Canada held high-level bilateral discussions on clean mobility and critical minerals, with both nations agreeing to continue structured dialogue and cooperation in strategic industrial sectors. The meeting on January 29, 2026, at Udyog Bhawan brought together Union Minister for Heavy Industries and Steel H.D. Kumaraswamy and Canadian Minister of Natural Resources Tim Hodgson.… Continue reading India and Canada Hold Talks on Clean Mobility and Critical Minerals
Economic Survey Highlights Competition for Critical Minerals
The Economic Survey 2025-26 has documented intensifying international competition for critical minerals required for electric vehicle batteries and other advanced technologies, noting that countries are “securing critical minerals and technological resources in a manner reminiscent of a new colonial scramble.” The Survey, released on January 28, discusses critical minerals as part of its broader analysis… Continue reading Economic Survey Highlights Competition for Critical Minerals
PLI Impact: Auto Sector Grows Exports, Cuts Imports Despite 50% US Tariffs
The Economic Survey 2025-26 has presented a detailed trade performance analysis of Production-Linked Incentive (PLI) sectors, positioning the automobile sector in what appears to be a favorable pattern—positive export growth accompanied by declining imports—which the Survey interprets as indicating “maturing domestic manufacturing capability.” The Survey, released on January 28, analyzed trade data from FY21-FY25 across… Continue reading PLI Impact: Auto Sector Grows Exports, Cuts Imports Despite 50% US Tariffs
Economic Survey Flags Import Dependence Risk in Electric Vehicle Push
The Economic Survey 2025-26 has issued a pointed warning about the “very high” import intensity of electric vehicle production, particularly from countries with whom India has “persistent and large trade deficits.” The Survey, released on January 28, states that “the extent to which electric mobility is incentivised in the short run needs to keep this… Continue reading Economic Survey Flags Import Dependence Risk in Electric Vehicle Push
Economic Survey Highlights the Rise of ‘Friendshoring’ in a Post-Trump World
The Economic Survey 2025-26 has documented what it calls a “resurgence in friendshoring in CY 2025,” referring to the trend of countries restructuring supply chains to favor trade with politically-aligned partners over purely cost-based sourcing decisions. The Survey, released on January 28, cites data from UNCTAD showing that after a slight decline in CY 2024,… Continue reading Economic Survey Highlights the Rise of ‘Friendshoring’ in a Post-Trump World