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June PV sales down 6.4% at 3.20 lakh units
Business Line | 2 July 2025
- Passenger vehicle (PV) sales dropped 6.4% YoY in June 2025, with major declines from Maruti (-13.3%), Hyundai (-12%), and Tata Motors (-15%).
- Affordability issues and a 70% rise in entry-level car prices since 2019 contributed to the slowdown, though utility vehicles (Mahindra +18%) and EVs (e.g., Tata) performed well.
- Two-wheeler sales were mixed: TVS (+10%) and Royal Enfield (+16%) grew, while Bajaj Auto fell 16%.
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Geopolitical tensions, uncertainty over tariffs to hit auto demand
Business Line | 3 July 2025
- India-Pakistan tensions and tariff uncertainties dampened PV demand, despite lower lending rates and EMIs failing to boost consumer sentiment.
- Dealers reported cancellations and weak sales, with hopes pinned on festive season recovery and monsoon-driven rural demand.
- PV wholesales declined 6.4% YoY in June, with dealers citing geopolitical and weather-related challenges.
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Daimler’s new commercial vehicles to help raise market share in shallow mines segment
Business Line | 3 July 2025
- BharatBenz launched heavy-duty mining trucks (HX/Torqshift series) targeting 50%+ market share in shallow mines (up to 80m depth).
- Aging fleets (8–10 years old) in India’s mining sector present a replacement opportunity; exports to Indonesia are planned.
- The new trucks offer 15–20% better performance, with AMT technology reducing driver effort by 40%.
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Dealer sentiment for July tilted towards slowdown: FADA
Business Line | 8 July 2025
- FADA reported weak dealer sentiment for July, with 42.8% expecting flat/de-growth due to rare-earth shortages and US tariff concerns.
- Two-wheeler demand saw rural interest but was offset by heavy rains and price hikes; PVs faced tight financing and limited new launches.
- June retail sales showed modest growth: PVs (+2.45%), two-wheelers (+5%), but inventory levels remained high at 55 days.
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‘Rare-earth magnet crisis a wake-up call for auto parts makers’
Business Standard | 9 July 2025
- China’s rare-earth magnet curbs since April 2025 disrupted supply chains, prompting ACMA to push for localisation under "Atmanirbhar Bharat."
- India’s auto component imports rose 7% YoY in FY25, with China’s share increasing to 32%; inventories are temporary relief.
- Industry leaders stressed the need for domestic rare-earth processing tech, as India has raw materials but lacks refining capabilities.
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CAFE battle hots up: M&M counters Maruti on relief
Business Standard | 14 July 2025
- M&M opposed Maruti’s plea for CAFE norm relaxations for small cars, arguing they contribute 53% of PV emissions despite being 60% of sales.
- M&M warned concessions would delay EV adoption and innovation, urging stricter targets to align with India’s 30% EV goal by 2030.
- The dispute highlights industry division, with Maruti advocating for small cars’ affordability and resource efficiency.
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Indian Automotive Sector Seals Deals Worth $1.3 b in April-June: Report
The Economic Times | 15 July 2025
- India’s auto sector recorded 29 deals worth $1.3 billion in Q2 2025, with EVs driving 34% of volumes and 39% of values.
- Deal values doubled YoY but fell 36% QoQ, reflecting a shift toward high-value, tech-driven mobility solutions like MaaS and autotech.
- Investors prioritized clean mobility amid global trade shifts and domestic policy changes.
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Tesla's Q2 Sales Fall 13% on Musk's Politics, Competition
The Economic Times | 3 July 2025
- Tesla’s Q2 sales fell 13% YoY due to boycotts linked to Elon Musk’s political views and competition from Chinese EV makers like BYD.
- Net income dropped 71% in Q1; Musk blamed delayed Model Y upgrades but emphasized future growth in robotaxis and self-driving tech.
- China shipments rose 0.8% in June, aided by regulatory approvals for driver-assistance features.
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Japan to invest up to $400 million in India’s EV, battery, recycling sectors
Business Line | 4 July 2025
- Japan plans $100–400M investments in India’s EV ecosystem to reduce reliance on China for critical minerals and batteries.
- 70 companies from both nations explored JVs in EV manufacturing, mineral processing, and recycling (e.g., platinum from catalytic converters).
- The Quad alliance flagged concerns over China’s supply chain dominance, prompting strategic collaborations.
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India's EV Dream in a Slow Lane as 90% Cars Still Run on ICE
The Economic Times | 6 July 2025
- 9 in 10 cars sold in 2025 still run on petrol/diesel, despite government's 30% EV target for 2030.
- Most brands (Maruti, Hyundai, Kia) remain ICE-focused, while only Tata, Toyota and JSW MG push electrification.
- High EV prices, charging gaps and consumer reluctance slow adoption, keeping growth metro-centric for now.
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Over 60% of all 3-wheelers sold in June are EVs
The Times of India | 8 July 2025
- EV penetration hit 60.2% in three-wheelers, 7.3% in two-wheelers, and 4.4% in PVs in June 2025, showing steady growth.
- Total auto retail sales rose 5% YoY, with tractors (+9%) and construction equipment (+55%) leading.
- FADA attributed growth to early monsoon rains and rising EV adoption.
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EV sales surge 29% to 1.8L units in June: FADA
The Times of India | 9 July 2025
- India’s EV sales jumped 28.6% YoY in June 2025, led by e-PVs (+80%) and e-three-wheelers (+15.8%).
- E-two-wheelers grew 31.7%, while e-commercial vehicles surged 122.5%, albeit from a low base.
- FADA noted strong rural demand and festival-season optimism.
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E-bike Makers Skid Off After FAME Red Flag
The Economic Times | 14 July 2025
- Okinawa, Hero Electric, and AMO Mobility saw sales collapse after FAME-II subsidy suspensions for localisation violations.
- Market share consolidated among compliant players; Hero Electric entered insolvency with a 99% sales drop since 2023.
- The crackdown exposed reliance on subsidies without investing in local manufacturing.
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e2W firms in talks with govt for localisation relief
Business Standard | 15 July 2025
- E2W makers sought exemptions from PLI/PMP localisation rules due to rare-earth shortages, proposing temporary motor imports from China.
- Importing complete motors (vs. assembling locally) may raise costs and delay launches by 2–3 months for testing.
- The Heavy Industries Ministry considers time-bound relief but insists on long-term localisation goals.
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TAFE reaches settlement with US’ AGCO, will retain Massey Ferguson brand in India
Business Line | 2 July 2025
- TAFE settled its dispute with AGCO, retaining exclusive rights to the Massey Ferguson brand in India, Nepal, and Bhutan.
- TAFE will buy back AGCO’s 20.7% stake for $260M, becoming a wholly-owned subsidiary of Amalgamations Group.
- Legal disputes were withdrawn, ending a conflict that began in 2024 over brand licensing and governance.
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H&H Aluminium invests ₹150 crore in India’s largest solar frame unit in Rajkot
Business Line | 5 July 2025
- H&H Aluminium set up a ₹150 crore solar frame plant in Gujarat with 24,000-tonne annual capacity, relying on Chinese machinery.
- The plant aims to reduce India’s 90–95% import dependence, leveraging anti-dumping duties on Chinese frames.
- Quality parity with China remains a challenge, but pricing competitiveness is a focus.
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Govt probes ₹4,000-cr non-BIS steel trade; Japan, Korea, China under lens
Business Line | 15 July 2025
- The Steel Ministry flagged substandard steel imports from Japan, Korea, and China, with 25% of applications rejected for bypassing BIS norms.
- Traders manipulated chemical compositions to evade quality checks, prompting stricter scrutiny.
- A temporary relaxation was granted for pre-ordered shipments, but BIS enforcement will tighten post-July 15.
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Siam urges govt to fully exempt LCVs from CAFE regulations
Business Standard | 3 July 2025
- Siam sought exemption for N1 category LCVs (≤3.5 tonnes) from CAFE-III/IV norms, citing a 16.4% sales decline (FY19–FY25).
- Rising ownership costs, weak EV adoption, and competition from three-wheelers hurt the segment, which contributes only 1.7% to transport emissions.
- Proposed voluntary reporting of emissions data instead of mandatory targets.
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A bittersweet Q1 for economy
Business Standard | 3 July 2025
- Q1 FY26 GDP growth estimated at 6–7%, with farm output and government capex offsetting weak industry/exports.
- Unseasonal rains and tariff wars dampened manufacturing, while rural demand improved unevenly.
- HSBC noted informal sector resilience via MSME credit and wage growth.
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Steel Ministry may crack down on substandard imports; gives 15 days to clear stock
Business Line | 8 July 2025
- The Steel Ministry uncovered importers falsifying paperwork to evade BIS norms, particularly for Chinese steel routed via Vietnam.
- A 15–20-day window was given to clear non-compliant stock before strict QCO enforcement.
- Domestic steelmakers pledged no price hikes until December 2025 to stabilize the market.
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Centre has spent ₹29,576 crore until March on automobile PLI: Ministry
Business Line | 11 July 2025
- The PLI scheme for autos spent 70% of its ₹42,500 crore outlay by March 2025, creating 44,987 jobs.
- Tata Motors, Mahindra, Ola Electric, and others received incentives for advanced automotive tech.
- The Heavy Industries Minister pledged faster disbursals and workshops to boost local manufacturing.
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Auto industry lobbies to extend ‘ICE age’ till 2055
Business Standard | 11 July 2025
- Siam pushed back against a proposed 2040 ICE ban, urging alignment with India’s 2070 net-zero goal (sales until 2055).
- Cited risks to jobs, investments, and GDP (auto sector: 6% of GDP, 30M jobs), contrasting with Europe’s delayed transition.
- Govt yet to decide; consultations ongoing with NITI Aayog and other ministries.
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