Page 4 - Auto

India needs up to $30 bn for EV charging infra to double growth pace: IESA

It is a very niche segment which has just started picking up in the country, India Energy Storage Alliance (IESA) President Debi Prasad Dash said

Style, safety drive preference for premium features in cars

A Tata Motors dealership in the eastern suburbs of Mumbai said panoramic sunroofs and safety ratings are key demands from customers

Why hybrids may fail to take off in India's evolving automobile market

A new report says EVs and CNG vehicles will outpace hybrids by far

VW workers' union propose $1.6 billion of cuts, but no plant closures

The IG Metall union, arguing the company was trying to push through more than 17 billion euros in cuts, said its offer was also contingent on stakeholders

Ford plans to cut 4,000 jobs in Europe, cites disruptive shift to EVs

Ford said most of the job cuts would come in Germany and would be carried out in consultation with employee representatives

Tamil Nadu focuses on EV revolution, ropes in World Bank to draw roadmap

This initiative coincides with the World Bank's broader efforts to support India's low-carbon transition

Subsidy for cargo electric 3-wheelers restored, cap halved to Rs 25k

By reallocating the FY26 budget to support vehicles sold after November 8, 2024, the ministry aims to strike a balance between maintaining momentum in EV adoption and adhering to fiscal limits

FICCI calls for GST cut on EV batteries and charging to boost growth

EV Committee chair points out that while EVs are taxed at 5%, batteries and charging services face an 18% GST rate

EV players seek GST cut on batteries, charging services to boost adoption

Currently the GST on charging services is still 18 per cent which we would request to bring down to 5 per cent so that charging becomes more affordable to the consumers

Nissan Motor India commences export of new SUV Magnite to South Africa

Over 2,700 units of the model have been shipped from the Chennai port within a month after its launch in India

A gradual climb for LVs sales in India, projected to grow 3.7% in 2025

According to S&P Global Mobility, growth for 2024 is projected to be even lower at 2.9%

Icra cuts PV factory dispatch outlook down to 0-2% on high inventory level

Despite good retail sales, a year-on-year growth of 6 per cent in April-October FY2025 the high inventory levels for the industry curtailed wholesale volume growth

India's tyre industry braces for another year of sluggish growth: CRISIL

This follows a similar trend in the previous year, marking a significant slowdown from the robust 21 per cent compound annual growth rate (CAGR) witnessed between FY21 and FY23

CNG sedans gain popularity in India as consumers shift to cleaner fuels

Fresh upgrades in sedans likely to attract entry SUV buyers and pre-owned car buyers

India to shift to 'smartphone era' for cars embracing 5G, AI: Report

The report said the automotive sector will skip 4G and will enable connectivity using the latest 5G cellular technology

Jaguar's luxury electric sedan undergoing road testing, debut on Dec 2

In Jan 2024, the luxury car maker announced its plans to transition to fully electric car line up by 2025

Festival season lifts retail auto sales by 12%, two-wheelers top demand

Dealers' association expects inventory to reduce, helped by sales during weddings

Mercedes-Benz India to raise prices by up to 3% from 2025: CEO Santosh Iyer

Prices of Mercedes-Benz cars in India will be revised by Rs 2 lakh for the GLC to Rs 9 lakh for the top-end Mercedes-Maybach S 680 luxury limousine, Mercedes-Benz India said in a statement

Govt starts consultations for subsidy under PM E-DRIVE, e-truck adoption

In the first meeting on Thursday, officials stressed the need for truck makers, buyers and banks to come together for a faster and smoother transition to e-trucks

Govt, semi-govt bodies need to scrap 13K 15-yr-old vehicles by Jan-end

All government and semi-government bodies will have to scrap their vehicles older than 15 years by the end of January, an official said on Thursday.