Auto Sector News
GST reforms: Will a lower tax rate drive a turnaround in two-wheeler and car sales?
Auto stocks rallied as investor sentiment improved with the government's GST cut proposal. A decrease from 28% to 18% could reduce vehicle prices by 7%, potentially reviving demand in a sector facing challenges from weak consumption and rising costs.
3 min read19 Aug 2025Volkswagen layoffs: Automaker's plan to cut 35,000 jobs on track, 20,000 agree to end contracts early
Volkswagen plans to lay off 35,000 jobs in Germany by the year 2030 as part of the company's cost-cutting program, and more than 20,000 workers at the core of the Volkswagen brand have agreed to take voluntary retirement.
2 min read3 Jun 2025Renault to acquire Nissan's 51% stake in Indian auto manufacturing arm
Renault Group on Monday announced its plans to acquire Nissan Motor Corp's 51% stake in the Indian auto manufacturing arm, RNAIPL, a company which started its operations in 2010.
1 min read31 Mar 2025Nifty 50 on track for 5-month decline, but this index stock has been falling for 7 months. Do you own?
Once a darling of Dalal Street investors and one of the top-performing Tata Group stocks, Tata Motors is now under significant selling pressure, falling to crucial levels and breaking important support zones. It has emerged as the worst performer among Nifty 50 constituents in 2025.
2 min read28 Feb 2025Auto component maker Phinia explores making alternative fuel systems in India on rising CNG demand, says CTO
The company viewed India's rising CNG demand as a stepping stone towards adopting alternative fuels that reduce vehicular emissions.
3 min read24 Jan 2025PV industry sees tepid growth in November; SUVs, rural demand push sales
Rural demand helped growth, with Maruti Suzuki's’s rural penetration increasing 220 basis points y-o-y to 48.7%, said Partho Banerjee, head of marketing and sales at MSIL. Tata Motors also saw sales growth but Hyundai dispatches slipped.
3 min read1 Dec 2024Plant to make automotive parts for BMW to be set up in Punjab's Mandi Gobindgarh; CM Mann assures support
Punjab Chief Minister Bhagwant Mann backs Modern Automotives' expansion plan in the state to manufacture parts for luxury car maker BMW.
1 min read19 Sep 2024India's passenger vehicle sales dip 1.8% in August, but two-wheeler sales surge 9.3% ahead of festive season: SIAM
India's total passenger vehicle (PV) sales fell 1.8 per cent to 352,921 units in August 2024, compared to 359,228 units in the same period the previous year, reported the news agency ANI quoting data from the Society of Indian Automobile Manufacturers (SIAM) on Friday, September 13.
1 min read13 Sep 2024Auto sector contributes nearly 15 per cent to total GST, says SIAM president, as industry crosses ₹20 lakh crore mark
India's auto industry crossed ₹20 lakh crore in the financial year 2023-24 and now contributes nearly 15 per cent of the total goods and service tax (GST) collected in the country, reported the news agency PTI, quoting the SIAM President, on Monday.
2 min read9 Sep 2024After a 1500% climb in 52 months, Kotak Securities projects 30% more upside for this auto ancillary stock
FIEM Industries' shares have surged 1,500 percent since April 2020 and are currently trading at ₹1,650. Kotak Securities predicts continued strong performance driven by the two-wheeler industry recovery and robust financials. Its target price of ₹2,140 indicates a 30 percent upside.
4 min read4 Sep 2024Wait for it…
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