The festive season began on a record-breaking note for the Indian automobile sector as Tata Motors and pre-owned car company CARS24 also reported exceptional sales and customer activity on the first day of Navratri. The strong numbers came on the back of the recent GST 2.0 rate cuts, which h
The festive season began on a record-breaking note for the Indian automobile sector as Tata Motors and pre-owned car company CARS24 reported exceptional sales and customer activity on the first day of Navratri.
The demand upcycle in the passenger vehicle (PV) segment could continue up to FY29, supported by GST 2.0 reforms and a strong outlook for the automobile sector, according to a report by Nuvama.
Discounts in the automobile sector are expected to trend down across key segments as the recent GST cuts are likely to lift demand, according to a report by Motilal Oswal.
India's automobile sector displayed a patchy performance in the first quarter of FY26, with two-wheelers and tractors driving growth while passenger and commercial vehicles remained largely subdued, according to a report by Axis Securities.
The automobile sector witnessed a muted performance in the first quarter of FY26, with demand lagging expectations in most segments except tractors, according to a report by Motilal Oswal Financial Services.
The reduction in import duties on automobiles under the newly signed India-UK Free Trade Agreement (FTA) will ultimately benefit Indian auto and auto component manufacturers, said Sunil Bharti Mittal, Chairman of Bharti Enterprises, adding that the UK component makers will shift manufacturin
Union Commerce and Industry Minister Piyush Goyal on Thursday said that India and Italy have agreed to boost cooperation in key areas such as Industry 4.0, smart manufacturing, technology, and the automobile sector.
South Korean exports to the US were down 8.1 per cent for the month of May compared to the same month last year, weighed down by US President Donald Trump's tariff, which took a toll on the automobile sector, the Korea Herald reported on Sunday, citing the government of Korea's data.
The growth of the Indian automobile sector will stay in single digits in the fiscal year 2026 (FY26) at 8 per cent, said Jefferies in its latest report on the sector.
India's growth in the global automobile sector is held back due to a lack of innovation, primarily driven by inadequate Research and Development (R&D) infrastructure, says a report by NITI Aayog.