Washington, July 1 (IANS) The Trump administration will press Mexico for stricter rules of origin, stronger labour and environmental standards, tighter intellectual property protections and greater American manufacturing content as it seeks to rewrite the United States-Mexico-Canada Agreement (USMCA), a senior administration official said on Wednesday. The comments came soon after the United States declined to renew the USMCA in its current form during the agreement’s first mandatory six-year jo…
Latest Automotive Industry News & Updates
New Delhi, June 11 (IANS) India’s listed auto ancillary sector has nearly tripled its revenues to about Rs 5 lakh crore over the past decade, an 11 per cent compound annual growth rate (CAGR) during FY16-26, a report said on Thursday.The report from Equirus Securities forecasted the sector to remain on a strong growth trajectory, with a 21 per cent profit CAGR during FY26-28, supported by rising vehicle content, premiumisation trends, export opportunities and growing adoption of electric vehicle…
Washington, June 3 (IANS) A senior US lawmaker has raised concerns over a Commerce Department decision allowing a foreign automaker with significant ties to China to continue selling and producing connected vehicles in the United States.This could expose sensitive data, undermine national security safeguards and create loopholes in restrictions aimed at keeping Chinese technology out of the American auto market, Representative Debbie Dingell, a Michigan Democrat, warned.In a letter to Commerce S…
New Delhi, May 21 (IANS) India’s largest carmaker Maruti Suzuki India on Thursday announced a price hike of up to Rs 30,000 with effect from June 2026.In its stock exchange filing, the domestic carmaker said that the company has decided to increase the prices of its models across its portfolio.”In view of the sustained increase in input costs, the company has decided to increase the prices of its models across its portfolio by up to Rs 30,000 with effect from June 2026,” it said in its regulator…
Brussels, May 2 (IANS) The European Union (EU) will “keep options open” to protect its interests if the United States takes measures inconsistent with the joint statement between the two sides signed last year on reciprocal, fair and balanced trade, a European Commission spokesperson told Xinhua.”We remain fully committed to a predictable, mutually beneficial transatlantic relationship. Should the US take measures inconsistent with the Joint Statement, we will keep our options open to protect EU…
New Delhi, April 30 (IANS) Renault Group India on Thursday said it has approached the National Company Law Tribunal (NCLT) to seek approval for a proposed restructuring of its India operations.The Duster-maker said in an official statement the plan aims to streamline its operating structure by separating powertrain manufacturing into a dedicated entity, while integrating vehicle manufacturing and sales under a single framework.The company said the move is intended to align with the distinct oper…
New Delhi, April 2 (IANS) The domestic automotive metal forming market of India is projected to nearly double to $90-95 billion by FY30, growing at around 12 per cent annually, as global supply chain realignments drive value concentration toward process-led manufacturers, a report has said.As per Avendus Capital analysis, India’s auto component industry — casting, forging, stamping and machining — crossed $80 billion in size in FY25 and turned a net exporter during the year, with exports reach…
New Delhi, Feb 27 (IANS) AI skills have overtaken traditional engineering and IT capabilities for the first time to become the most difficult skills for employers to find, a report showed on Friday.Over eight out of 10 employers or 82 per cent of employers cited in India reported difficulty finding skilled talent in 2026, according to the report from ManpowerGroup.AI literacy and AI model development emerge among the hardest skills to find, the report said, adding that talent pressure has increa…
New Delhi, Feb 13 (IANS) India’s share in global electronics demand has expanded at a rapid compound annual growth rate (CAGR) of 17.2 per cent, significantly outpacing global growth of 4.4 per cent between 2015 and 2024, driven primarily by the sharp rise in mobile phone exports, according to NITI Aayog’s Trade Watch Quarterly report for July-September 2025-26, launched on Friday.Between 2016 and 2024, electronics exports increased nearly five-fold, reaching USD 42.1 billion. With global elec…
New Delhi, Feb 10 (IANS) The Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra on Tuesday said that innovation in the automotive industry must be done within the boundaries of privacy and security for the customers’ data.In electric vehicles – and even in the traditional ICE (Internal Combustion Engine) vehicles – a lot of data flows from the customer to multiple stakeholders in the ecosystem.“These may be the video feed coming from your dashcam, phone numbers …