|
Ashok Leyland to invest ₹5,000 cr in 7-10 years to make batteries in tie-up with China's CALB
Business Line | 2 September 2025
- Ashok Leyland to invest ₹5,000 crore over 7–10 years to develop next-gen batteries for automotive and non-automotive use, in partnership with China’s CALB Group.
- Focus will begin on automotive batteries and later expand to energy storage; a Global Centre of Excellence will drive R&D and innovation.
- The move aims to localize battery manufacturing in India and reduce fossil fuel dependence.
|
| |
|
Car dealers try to tide over ₹2,500 cr compensation cess
The Times of India | 8 September 2025
- Dealers seek government relief to adjust ₹2,500 crore in GST compensation cess after the regime was scrapped; letters sent to FM Nirmala Sitharaman and automakers.
- FADA requests transferring cess balance to GST credit ledgers and seeks extended payment tenures from banks.
- Automakers like Hyundai, Tata, and Mercedes announced price cuts after GST 2.0; others offered immediate discounts to clear inventories.
|
| |
|
‘India has potential for small e-cars’
The Times of India | 8 September 2025
- Volkswagen CEO Oliver Blume said India is a key growth market and ideal for affordable small electric cars.
- Company exploring partnerships and strategies to bring compact EVs to Indian consumers.
- Reflects growing global automaker interest in India’s EV segment.
|
| |
|
16k cr plan to build construction gear locally on cards
The Economic Times | 9 September 2025
- Government preparing a ₹14,000–16,000 crore incentive scheme to promote domestic manufacturing of construction equipment.
- Focus on tunnel-boring machines, cranes, and earth movers to cut import dependence.
- Scheme expected to launch next fiscal year; industry imports nearly 50% of its components from abroad.
|
| |
|
Passenger vehicle dispatches in Aug fall 9% to 3.22 lakh units
Business Line | 16 September 2025
- Passenger vehicle dispatches dropped 9% YoY in August 2025 to 3.22 lakh units; recalibration of dispatches cited.
- Two- and three-wheeler segments grew 7% and 8.3% respectively, showing strong demand.
- Exports rose sharply (up 28.5%) due to strong overseas demand; GST rate cuts expected to boost festive sales.
|
| |
|
China’s SAIC ‘to cut stake in car JV with JSW Group post Delhi investment curbs’
Business Line | 19 September 2025
- SAIC Motor to reduce its 49% stake in its JV with JSW Group, citing India’s investment restrictions on Chinese firms.
- JSW may become the largest shareholder; valuation disagreements persist.
- SAIC to remain a technology provider; friction also stems from JSW’s talks with rival Chinese automaker Chery.
|
| |
|
Auto Inc Takes Multi-fuel Powertrain Drive
The Economic Times | 21 September 2025
- Automakers adopting multi-fuel strategies — petrol, CNG, hybrids, and EVs — to meet diverse consumer demand post-GST reduction.
- Petrol car share expected to drop from 55% to 52%, while EVs and hybrids may rise to 10% by 2026.
- Companies balancing fuel options amid changing policies and inventory pressures.
|
| |
|
FTAs Won’t Make Luxe Cars Cheaper, But Model Allocation Could Improve
The Economic Times | 22 September 2025
- India-UK and India-EU FTAs to lower import duties gradually, but won’t significantly cut luxury car prices.
- Most luxury cars (95%) are locally made; FTAs to mainly improve availability of imported niche models.
- Automakers expect strong festive demand and record sales before 2026 price hikes.
|
| |
|
Small cars drive PV export growth amid fall in domestic sales
Business Standard | 23 September 2025
- Passenger car exports rose 8.5% (Apr–Aug 2025) even as domestic sales fell by the same margin.
- Maruti (+43%) and Hyundai (+16%) lead small car exports to Africa, Mexico, and Latin America.
- India emerging as global hub for compact, affordable cars as developing economies demand budget-friendly vehicles.
|
| |
|
JSW Motors talks tech tie-up with BYD, other China car cos
The Times of India | 25 September 2025
- JSW Motors in talks with BYD, Geely, and European firms for access to EV platforms and components.
- ₹26,000 crore investment planned; 25 models to launch by 2030.
- Focus on SUVs, plug-in hybrids, and EVs; no equity tie-ups, only tech collaborations and royalty-based deals.
|
| |
|
Bharat Forge, Data Patterns, BEML in joint bid to build 5th gen fighter
Business Line | 27 September 2025
- Bharat Forge, BEML, and Data Patterns formed a consortium to bid for DRDO’s AMCA (Advanced Medium Combat Aircraft) project.
- The trio joins other contenders like L&T–BEL, Tata, Adani, and HAL in India’s indigenous stealth fighter race.
- Initiative supports “Atmanirbhar Bharat” and aims to position India as a hub for next-gen aerospace manufacturing.
|
| |
|
Wheels India inks deal with S Korean firm for hydraulics cylinder business
Business Line | 30 September 2025
- Wheels India signed a technology transfer agreement with South Korea’s SHPAC for hydraulic cylinder production.
- Hydraulics identified as a key growth area; tech tie-up to enhance exports and capabilities.
- Expansion in Europe and North America expected; segment seen as future growth driver.
|
| |
|
Passenger vehicles inventory at minimum levels in Sept
Business Line | 30 September 2025
- PV inventories dropped to 30–40 days (from 50–55) after GST 2.0 and heavy discounts by OEMs.
- Maruti and Tata reduced prices sharply (up to ₹1.5 lakh), boosting festive demand.
- Analysts expect record September sales with around 3 lakh cars in stock nationwide.
|
| |
|
EV four-wheeler registrations up 11 per cent in August: Vahan data
Business Line | 8 September 2025
- Four-wheeler EV registrations rose 11% in August 2025 to 17,029 units, led by Tata (+15%) and Mahindra (+21%); JSW MG, Hyundai, and BYD saw declines.
- Tata Motors achieved record monthly EV sales for the second consecutive month, driven by new model launches and festive demand.
- Analysts credit FAME-II and PM E-DRIVE schemes, better charging infrastructure, and new product options for sustaining EV momentum.
|
| |
|
Euler Motors aims to double revenue to ₹400 cr
Business Line | 23 September 2025
- Electric commercial vehicle maker Euler Motors targets ₹400 crore revenue in FY26, up from ₹191 crore last year.
- Plans expansion to 100 cities and 120 showrooms; launched new “Turbo EV 1000” series with multiple variants.
- Backed by Hero MotoCorp (32.5% stake), leveraging its large manufacturing and financing network to scale operations rapidly.
|
| |
|
GST Council clears 2 slabs of 5% & 18%; sin goods tax at 40%
Business Line | 4 September 2025
- GST Council overhauled the structure, introducing just two slabs — 5% and 18% — and a 40% rate for sin/luxury goods, effective September 22.
- Auto sector gains as small petrol, diesel, and CNG cars (under 4m) move from 28% to 18%, significantly lowering prices.
- Reform aims at “ease of living” with reduced complexity, while luxury items, casinos, and large-engine vehicles attract the highest rate.
|
| |
|
Automakers brace for PLI benefits hit as RE magnet curbs continue
The Economic Times | 11 September 2025
- Ongoing restrictions by China on rare earth magnet exports are disrupting Indian automakers’ supply chains.
- Companies forced to import complete components from China and Vietnam, raising costs and lowering local value addition under the PLI scheme.
- Government working on domestic mineral exploration and recycling missions to reduce dependence on China.
|
| |
|
Seeing opportunity, India moving to turn GCCs into innovation hubs
Business Line | 22 September 2025
- India accelerating national policy to transform Global Capability Centres (GCCs) from back-office roles to innovation hubs in AI and R&D.
- GCCs already generate $65B in revenue and employ over 2 million; projected to reach $100B by 2030.
- CII released a Model State Policy urging states to create facilitation cells and incentives to expand GCCs beyond metros.
|
| |
|
India govt nominates IIT Madras as UN’s AI Centre of Excellence
Business Line | 25 September 2025
- India nominated IIT Madras as a UN Centre of Excellence for AI and digital skilling under the UN Office for Digital and Emerging Technologies (ODET).
- Aim: strengthen AI capacity building for the Global South and bridge technology access gaps.
- India to host “AI Impact Summit” in Feb 2026, showcasing progress under the IndiaAI mission and global open-source model collaboration.
|
| |
|
Automakers may form a pool to meet CAFE norms: BEE
Business Standard | 27 September 2025
- New CAFE-3 and CAFE-4 fuel efficiency norms (effective 2027–2037) allow automakers to form pools of up to 3 manufacturers for compliance.
- A designated “pool manager” will handle penalties if targets are missed; small cars and hybrid/flex-fuel vehicles get added relief.
- Move encourages strategic alliances, cuts compliance costs, and supports India’s biofuel and small car revival goals.
|
| |
|
Govt unveils new guidelines for setting up EV charging stations
Business Line | 29 September 2025
- Government announced ₹2,000 crore plan to deploy 72,300 public EV charging stations under the ₹10,900 crore PM E-DRIVE scheme.
- Offers 100% subsidy for government premises and 70–80% subsidy for highways, airports, malls, and battery-swapping stations.
- Bharat Heavy Electricals Ltd (BHEL) to implement rollout; subsidies released in two stages upon performance compliance.
|
| |
|
AMP Up! India Aims to be Among Top 2 Auto Makers
The Economic Times | 29 September 2025
- New Automotive Mission Plan 2047 targets doubling vehicle production by 2030 and quadrupling to 200 million units by 2047.
- Focus on localisation, export growth, and technology-neutral strategy across hydrogen, EV, CNG, and biogas — with no ban on petrol/diesel cars.
- India aims to export 30% of passenger vehicles by 2030, rising to 40% by 2047, aligning with “Viksit Bharat” vision.
|
| |
|
Access all press reports in a single PDF document. |
| |
|
