New Delhi, May 21 (IANS) Union Road Transport and Highways Minister Nitin Gadkari on Thursday said that there was a strong need for Indian firms to forge joint ventures with US companies to gain access to the latest technologies. In his address at the annual leadership summit of the American Chamber of Commerce (AMCHAM), Gadkari said: “India is the fastest growing major economy while US companies develop lots of new technologies, so it is very important for Indian companies to have joint venture…
Latest Automobile Industry News & Updates
Mumbai, April 22 (IANS) Maharashtra Scooters’ profit plunged 92.23 per cent year-on-year (YoY) to Rs 4.01 crore in March quarter 2026 (Q4 FY26), compared with Rs 51.63 crore in the corresponding period previous financial year (Q4 FY25). The sharp drop in profitability came even as total income edged down 3.55 per cent to Rs 6.51 crore during the quarter.For Q4 FY26, the company’s profit before tax also witnessed a significant contraction, falling 91.20 per cent to Rs 5.46 crore from Rs 62.05 c…
Lucknow, March 24 (IANS) Uttar Pradesh Chief Minister Yogi Adityanath said on Tuesday that entrepreneurs are the backbone of the economy and ensuring their safety and dignity is the state government’s priority while launching the ‘Nivesh Mitra 3.0’. Launching the ‘Nivesh Mitra 3.0′ single-window system in Lucknow, the Chief Minister added that it will make the setting up of industries easier and more transparent due to investors’ growing trust in state’s potential as the leading investment desti…
New Delhi, Jan 9 (IANS) India’s automobile industry delivered a strong performance with passenger volumes up 20 per cent YoY in the October–December 2025 quarter, driven by GST reforms, a pickup in rural demand, and sustained festive momentum, a report said on Friday.Financial services firm PL Capital said in a report that improved affordability, easier financing, and recovering consumer sentiment supported broad‑based volume growth across passenger vehicles, two‑wheelers, and commercial…
New Delhi, Jan 1 (IANS) India’s automobile industry entered 2026 on a strong and confident note, with several leading car manufacturers reporting solid growth and renewed momentum in calendar year 2025. Despite a year shaped by changing market conditions, customer demand picked up steadily, especially in the second half, driven by new launches, festive-season buying, and improving consumer confidence.Luxury carmaker Audi India closed 2025 with retail sales of 4,510 units, supported by steady d…