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India auto component industry, with its small market share, may not face b
Updated : 1 year, 3 months ago IST
India's auto component industry is expected to face only a limited impact from the potential reciprocal tariffs proposed by US President Donald Trump on auto industry, according to a report by Nomura.
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Nitin Gadkari vows to make India the No 1 automobile industry in 5 years
Updated : 1 year, 6 months ago IST
The Indian automobile industry is currently number 3 in the world behind China and the US, and the government is aiming to take it to number one in the next five years, said Union Transport Minister Nitin Gadkari.
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Uniqus Consultech Unveils Risk UniVerse to Help Companies Better Manage In
Updated : 1 year, 6 months ago IST
Mumbai (Maharashtra) [India], November 14: Uniqus Consultech, a tech-enabled global platform that offers consulting solutions in the accounting & reporting, finance operations, governance, risk, and ESG domains, today announced the launch of Risk UniVerse, a product designed to meet the
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Low car density attracts automakers to Indian market: Maruti Suzuki MD
Updated : 1 year, 6 months ago IST
India has enough potential for automakers, particularly because the car density here is about 35 per 1,000 people, said Hisashi Takeuchi, Managing Director and CEO.
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KPIT Clocks Q2 FY25 CC Revenue Growth of 20.1 per cent YoY and PAT Growth
Updated : 1 year, 7 months ago IST
Pune (Maharashtra) [India], October 24: KPIT Technologies, an independent software integration partner to the automotive and mobility ecosystem for making software-defined vehicles a reality, announced financial results for Q2FY25 today.
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Two-wheelers, tractors to surge with 14% and 10% CAGR through FY27: Jeffer
Updated : 1 year, 8 months ago IST
India's two-wheeler demand, which lagged behind passenger vehicles during FY21-23 due to the impact of the COVID-19 pandemic and rising regulatory costs, is now experiencing a resurgence.
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India automotive industry on cusp of transformation, stands to gain from e
Updated : 1 year, 10 months ago IST
India's new EV policy, introduced lately, has provisions for incentives for setting up manufacturing plants in India. Under the government's EV scheme, the government aims to position India as a preferred manufacturing destination for EVs equipped with cutting-edge technology.
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By 2025, Hyundai and Kia to jointly produce 1.5 million vehicles in India
Updated : 2 years, 1 month ago IST
Hyundai Motor India will enhance its production capabilities to one million units by 2025. Combined with Kia India, Hyundai Motor Group will be able to annually produce 1.5 million units in India by 2025.
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Firm economic growth helped Indian automobile industry post 12.5% sales gr
Updated : 2 years, 1 month ago IST
Backed by robust economic growth and conducive government, the Indian automobile industry has posted a satisfactory performance with sales growing by 12.5 per cent during the just-concluded financial year.
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Hyundai and Kia partner with Exide Energy for EV battery production in Ind
Updated : 2 years, 1 month ago IST
Hyundai Motor Company (Hyundai Motor) and Kia Corporation (Kia) signed a Memorandum of Understanding (MoU) for strategic cooperation with Exide Energy Solutions Ltd (Exide Energy), a leading Indian battery company, as part of their electric vehicle (EV) expansion plans.
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Retail auto sales in India rose 10% in 2023-24; electric vehicles signal b
Updated : 2 years, 1 month ago IST
"Positive market sentiment was supported by seasonal events, improved vehicle supply, and financial incentives. Despite facing market volatility and intense competition, the industry is strategically evolving, particularly in the premium and EV categories, signalling a bright future," said F
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Skoda Auto India Launches 'Responsible Exploration' Campaign
Updated : 2 years, 2 months ago IST
Mumbai (Maharashtra) [India], March 12: With a focus on fuelling the desire for Responsible Exploration, Skoda Auto India and PHD Media's latest campaign brings together explorers and sustainability seekers. The aim is to pave the way for rural development, new opportunities and a bright
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