New Delhi, Feb 25 (IANS) With clear policy direction and strong industry participation, India can firmly establish itself as a leading global centre for electric mobility manufacturing and innovation, Minister of Heavy Industries and Steel, H.D. Kumaraswamy, said on Wednesday.Speaking to reporters on the sidelines of the third ‘FICCI National Conference on Electric Vehicles’, the minister stressed that “whatever best way we can encourage the electric mobility adoption, we are going to go for tha…
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Mumbai, Feb 6 (IANS) Indian auto component manufacturers are likely to enjoy more access to European markets with improved price competitiveness under the proposed India-EU Free Trade Agreement (FTA), a report said on Friday.The report from ICRA said that “tariff rationalisation and preferential access are expected to enhance pricing competitiveness and sourcing opportunities with European original equipment manufacturers (OEMs)”.The EU is a major automotive production hub and better trade terms…
Chennai, Feb 1 (IANS) Industry leaders in Tamil Nadu have welcomed the Union Budget 2026, describing it as growth-oriented, forward-looking and supportive of manufacturing, MSMEs and long-term industrial development. Senior office-bearers of the Confederation of Indian Industry (CII) shared their assessment while addressing the media at a post-Budget press conference held at ITC Grand Chola, Chennai, on Sunday.Speaking after the Budget presentation, Deputy Chairman of CII Southern Region Ravicha…
New Delhi, Jan 8 (IANS) BMW Group India on Thursday delivered its best-ever annual performance in 2025, recording highest car sales of 18,001 units, a strong 14 per cent year-on-year (YoY) growth that outpaced the average growth rate of India’s luxury car segment. The robust performance highlights rising demand for BMW and MINI vehicles despite a challenging and competitive market environment.Out of the total sales, BMW accounted for 17,271 units, while MINI sold 730 cars during the year.In ad…
For the longest time, Honda and Toyota were the darlings of Indian-origin families. Affordable, reliable, and oh-so-economical. But recently, there’s…