New Delhi, April 14 (IANS) India’s automotive and EV sector recorded 35 deals valued at $745 million in Q1 2026, reflecting a stable yet selective deal environment, a report said on Tuesday.The report from Grant Thornton Bharat said deal volumes remained largely flat sequentially and values moderated from $745 million compared to $837 million in the previous quarter.The values moderated due to the absence of large cross-border and scale-driven transactions, with zero IPO or QIP activity during…
Latest Auto Industry News & Updates
New Delhi, April 13 (IANS) The government has proposed a softer set of Corporate Average Fuel Efficiency (CAFE) norms for the 2027–2032 period, offering relief to the domestic auto industry, NDTV Profit reported.According to a revised draft prepared by the Ministry of Power in consultation with the Bureau of Energy Efficiency (BEE), the government has moved away from a rigid target framework in favour of a phased tightening approach. The proposal includes a flatter compliance curve, reducing t…
New Delhi, April 3 (IANS) The cost pressures facing Indian auto companies are being systematically underestimated by the market, even as investor sentiment on India has taken a distinctly more cautious turn, according to a report released on Friday.A BNP Paribas analysis found investors reluctant to take a clear directional position on the market. Hedge funds were largely removing tilts and factor exposures from their portfolios, with several actively reducing gross exposure.The rapid reversal o…
Seoul, March 1 (IANS) South Korea’s exports jumped nearly 30 per cent from a year earlier in February to mark the highest level ever recorded for the month, driven by growing demand for semiconductors amid the artificial intelligence (AI) boom, government data showed on Sunday.Outbound shipments totaled $67.45 billion last month, up 29 per cent from $54.2 billion a year earlier, according to the data compiled by the Ministry of Trade, Industry and Resources, reports Yonhap news agency.The record…
New Delhi, Feb 4 (IANS) The Union Budget 2026–27 strengthened medium-term earnings visibility for sectors aligned with public capex and policy priorities, even though earnings recovery will take time, a report said on Wednesday.The report from small case managers said the Budget opened “actionable opportunities across defence ecosystems, manufacturing‑linked businesses, logistics, select auto and ancillaries, energy‑transition themes and innovation‑led pharmaceuticals.”The report said sh…
Washington, Jan 14 (IANS) US President Donald Trump defended his tariff-driven trade policy and said a 25 per cent tariff on foreign automobiles was aimed at stopping what he described as an unfair surge of auto imports, with China at the center of his criticism.Speaking at the Detroit Economic Club, Trump said tariffs were essential to protecting American manufacturing and workers, particularly in the auto sector.“As I promised you, I’ve imposed a 25 per cent tariff on all foreign automobil…