Search For "automobile"
Festive season in October brings mixed demand trends for auto sector; PVs
Updated : 4 months, 2 weeks ago IST
The festive season in the October has brought mixed trends for India's automobile industry, with passenger vehicles (PVs) and tractors showing signs of improvement while two-wheelers (2Ws) continue to trail expectations, according to a report by Nomura.
Read More
South Korea, US reach agreement on trade deal
Updated : 4 months, 2 weeks ago IST
The agreement on the big frame of the trade deal in July had brought the reciprocal tariff down to 15 per cent, but South Korea's automobile export was still subject to 25 per cent tariff rate and details on the agreement were not concluded until Trump met with Lee on the sideline of APEC
Read More
China's rare earth export curbs to hit defence, auto and consumer electron
Updated : 4 months, 3 weeks ago IST
China's tightening control over rare earth exports is set to disrupt the global automobile and defence manufacturing sectors, according to Neha Mukherjee, Research Manager at Benchmark Mineral Intelligence, a London based data and supply chain intelligence platform for rare earth elements.
Read More
Lokpal moves to procure seven BMW 330 Li Cars through public tender
Updated : 4 months, 3 weeks ago IST
The said tender invites bids from interested suppliers to provide the high-end sedans, each priced at over Rs 60 lakh, according to automobile market estimates. The evaluation of bids is scheduled to begin on November 7, officials familiar with the development reportedly said.
Read More
Entry level hatchbacks losing share for 5 straight years, while SUVs growt
Updated : 4 months, 3 weeks ago IST
India's automobile market is witnessing a fundamental shift in buyer preferences, with SUVs firmly overtaking hatchbacks as the country's preferred passenger vehicles.
Read More
Korean business leaders meet Trump amid tariff talks
Updated : 4 months, 3 weeks ago IST
South Korea's top conglomerate leaders joined U.S. President Donald Trump for a round of golf in Florida, in what observers view as an effort to strengthen economic and diplomatic ties between the two countries, as reported by the Pulse, the English service of Maeil Business Newspaper Korea.
Read More
Reformed GST slabs trigger surge in market and consumer confidence
Updated : 4 months, 3 weeks ago IST
A renewed sense of enthusiasm and momentum has been felt across markets, industry, business circles, and among the general public, following recent reform in tax slabs of the Goods and Services (GST), said Union Commerce and Industry Minister Piyush Goyal during a press conference co-headed
Read More
GST reforms spark festive sales surge, say Union Ministers
Updated : 4 months, 3 weeks ago IST
Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, and Electronics & IT Minister Ashwini Vaishnaw on Saturday hailed the recent GST rate rationalisation as a major driver of economic momentum during this year's festive season.
Read More
Auto component firms witness surge in orders following GST rate cut: ASSOC
Updated : 4 months, 4 weeks ago IST
Speaking to reporters, Nirmal K. Minda, the newly elected President of ASSOCHAM, stated that the tax reduction has boosted demand for automobiles, resulting in a positive impact on the auto component sector during the festive season.
Read More
Auto sales see strong uptick in September: SIAM
Updated : 5 months ago IST
India's automobile sector registered its highest-ever September sales in 2025, fueled by early festive demand and the positive impact of GST 2.0 reforms, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday.
Read More
India's automobile industry showed mixed trends in Q2, with recovery signs
Updated : 5 months ago IST
The SIAM data shows that the passenger vehicle (PV) sales reached 1.04 million units during July-September 2025, reflecting a marginal de-growth of 1.5 per cent year-on-year.
Read More
GST rate rationalization yet to play out meaningfully: HDFC Securities Rep
Updated : 5 months ago IST
The benefits of the Goods and Services Tax (GST) rate rationalization are yet to play out meaningfully, and its impact on domestic-focused automobile companies is expected to be visible only from the third quarter of FY25, according to a report by HDFC Securities.
Read More