New Delhi: Japanese auto major Nissan’s plans to turn around its Indian operations remain intact, and it is looking to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official. The company, which has increased headcount at its Chennai plant by 600 to add a third shift, … Read more
New Delhi: The Indian auto components industry has experienced robust growth in the first half of FY25, with a notable 11.3 per cent increase in its market size, according to Automotive Component Manufacturers Association (ACMA) report. The industry, which was valued at USD 36.1 billion in H1 FY24, surged to USD 39.6 billion in H1 … Read more
The auto industry is riding on the SUV wave, but that has not stopped company from focusing on sedans, despite a flat performance from the category. Maruti, India’s largest carmaker, released a highly upgraded version of Dzire sedan earlier this month, with an aim to gain numbers with the new model. “This is not just … Read more
In this episode of “ET In Conversation,” we sit down with Sunjay Kapur, Chairman of Sona Comstar, a global leader in mobility technology with operations in India, the USA, Serbia, Mexico, and China. With 10 manufacturing facilities worldwide, Sona Comstar is transforming the mobility sector through its cutting-edge electric vehicle (EV) solutions, accounting for 29% … Read more
Our planet is changing. So is our journalism. Keep up with the latest news on our Climate and Environment page. Sign up here to get this newsletter in your inbox every Thursday. This week: Can an image of frozen penguin chicks spark climate action? The Big Picture: Think it was a quiet year for wildfires? Think again A therapist … Read more
Stung by leftover inventory and unsure about consumer spending, India’s auto dealers are worried about having to discount more to boost demand in the upcoming festive season, a representative of the dealers’ body said on Thursday. The double whammy of higher inventory costs and deeper discounts is a nightmare for auto dealers as that has … Read more
Genesys International Corporation, a provider of advanced mapping services, is in advanced talks to secure an order worth Rs 150-200 crore from two leading original equipment manufacturers (OEMs) in India to provide AI-powered navigational maps and connected car solutions, according to sources familiar with the matter. The formal announcement of the order is expected in … Read more
New Delhi: The current GST rate structure of passenger vehicles in India is outdated and needs to be aligned with the new developments in the auto industry, according to JSW MG Motor India CEO Emeritus Rajeev Chaba. The government should consider the overall perspective of vehicular emissions, reduction of import bill, sustainable local supply chain … Read more
New Delhi: Indian automotive industry will need up to 2 lakh skilled people by 2030 to meet the government’s vision of 30 per cent electric vehicle adoption, the Society of Indian Automobile Manufacturers said on Tuesday. A total talent investment of Rs 13,552 crore is expected for hiring and training the workforce. “As we look … Read more
For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better. Sticker prices at dealerships have started to come down and affordability is improving, said Daniel Ross, senior manager of … Read more
