Sona Group founder Surinder Kapur passes away

Auto component maker Sona Group founder and chairman Surinder Kapur Tuesday passed away after a brief illness.

Swift crosses 13 lakh units sales mark in 10 yrs

Over 1.3 million Swift cars have been bought in India.

'Indian auto sector needs policy support to realise potential'

Slowdown in major global auto markets like China, Europe and Brazil offers India an opportunity to attract foreign investments but it will have to improve infrastructure as well as ease of doing business, and frame a policy to boost the sector, says JD Power.

Rolls-Royce looks to tap Indian billionaires
Rolls-Royce looks to tap Indian billionaires

With India forecast to be world's fastest growing major economy by 2016-17, super luxury car maker Rolls-Royce is gearing up to tap the country's billionaires with new models, including new convertible and a potential SUV.

Auto industry to face stress due to stricter regulatory norms

The pressure would also increase because of emergence of new product segments, says the report based on the findings of 'KPMG Global Automotive Executive Survey'.

After a topsy-turvy 2014, automakers eye smoother 2015 ride

Even as the year was drawing to a close, the sales figures remained disappointing with close to 10 per cent decline in the number of cars sold during the first eleven months of 2014 and festival seasons failing to bring any cheer.

Keen to enter in India but high import duty a roadblock: Tesla

US-based premium electric car maker Tesla Motors is keen to enter the Indian market and has even identified the country as one of the possible locations to set up a manufacturing plant in Asia.

Indian auto industry can touch $300 bn mark by 2026: Study

It said commercial vehicle sales will rise to 3.9 million units from 0.7 million in FY14; of two-wheelers, to 55.5 million units from 16.9 million.

Automotive Mission Plan 2016 targets to be missed by up to 25%

The economic slowdown in the last three years that resulted in a demand slump will force the Indian auto industry to miss by up to 25 per cent of the targets set in ambitious Automotive Mission Plan (AMP) 2016.

Fiat Chrysler Automobiles to begin selling Jeep in India in 2015

By 2020 India will be the world`s third-largest auto market, behind China and the United States.

Auto Expo 2014: Indian auto industry to start electronic exchange of info

The automotive industry has set up an electronic platform 'AutoDX' to help manufacturers and suppliers exchange industry data which would save their processing cost and time.

Maruti eyeing presence in one lakh villages by March

As the going gets tougher in the Indian auto industry, Maruti Suzuki India (MSI) is driving into the rural markets to boost sales.

India concerned over non-trade barriers on auto exports: Rao

Expressing concern over declining automobile exports, a top government official Wednesday said India is always engaged with other countries to ensure that non- trade barriers should not affect the growth of the country's shipments.

'Capacity underutilisation to add margin pressure of auto cos'

Hit by muted demand, capacity utilisation of the Indian automobile industry has declined, as much as 50 percent in the passenger vehicles segment that will add to margin pressure of auto companies this year, says a report.

Maruti, Honda, Ford July sales up; Tata Motors, M&M struggle

Car makers Maruti Suzuki, Honda and Ford reported increase in July sales, while others including Tata Motors, M&M, Toyota and General Motors continued to struggle.

Cutting duties on imported cars under FTA retrograde step: SIAM

Automobile industry body SIAM Monday said custom duties on fully imported cars and engines must not be lowered as is being proposed in the ongoing free trade negotiations between India and EU, stating that such a step will severely damage the sector.

Auto industry asks for more rate cuts to revive demand

The Indian auto industry, which is facing demand slump in recent months, on Tuesday gave a lukewarm response to RBI's decision to reduce short-term lending rates, saying the sector needs a cut of at least 100 basis points.

Tepid sales, labour violence mark a rough year for auto sector

After witnessing the steepest monthly decline in nearly 11 years in October 2011, industry began 2012 with the Auto Expo in the National Capital, hoping for a brighter future.

Bumpy ride for automakers but road ahead seems smooth

The Indian auto industry hopes the New Year will usher in good times again with some tax cuts, economic revival and better sentiments after a year marked by low volumes and labour unrest at some units.

Dept of Heavy Indst backs auto industry against diesel tax

The Department of Heavy Industry Friday backed auto makers that have intensified opposition against Finance Ministry's proposal to impose additional tax on diesel vehicles.