Sector Automobiles & Auto Components - Latest news, views and updates

The increase reflects collectors' desires and financial ability to build significant collections around one favored brand, says Steve Serio, a Boston-based automotive broker to billionaires.

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 27 Feb 2025

Nissan prepares to replace CEO Uchida after Honda deal falls apart

Business Standard

Nissan directors are gauging interest in potential candidates to succeed Makoto Uchida, the 22-year company veteran who's been CEO since late 2019

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 26 Feb 2025

Govt singles out VW in $1.4 bn tax dispute, says Kia corrected course

Business Standard

India says Volkswagen used a clandestine scheme to import auto parts in separate shipments, to evade detection and cut taxes, instead of declaring items as "completely knocked down"

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Volkswagen faces $2.8 billion tax battle in India over alleged import misclassification

Business Line | 26 Feb 2025

Automobiles & Auto Components

SECTOR | 24 Feb 2025

$1.4 bn tax demand: Prima facie dissatisfied with VW's arguments, says HC

Business Standard

The Bombay High Court on Monday expressed "prime facie" dissatisfaction with Skoda Auto Volkswagen India's arguments against a USD 1.4 billion notice from the Customs department. The HC also commended a department officer for his dedicated efforts and thorough research prior to issuing the notice. "Prima facie, we are not satisfied with your (Skoda Auto Volkswagen India) argument. This is only prima facie," a division bench of Justices B P Colabawalla and Firdosh Pooniwalla said. "To entertain such a plea at the stage of show cause notice is something you have to convince us. This is troubling us whether we should entertain the plea at the stage of show cause notice," it added. The notice claimed the German group, led in the country by Skoda Auto Volkswagen India, allegedly provided misleading information to the department by misclassifying its imports of Audi, Skoda and Volkswagen cars as "individual parts" instead of "Completely Knocked Down" (CKD) units, thereby paying...

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 24 Feb 2025

Renault introduces CNG retrofit kits for Kiger, Triber & Kwid

Business Line

The kit has been designed to ensure standardisation and uniform fitment across Renault's network

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 22 Feb 2025

Rich in cash, Japan's Toyota builds city to test futuristic mobility

Business Standard

Woven City near Mount Fuji is where Japanese automaker Toyota plans to test everyday living with robotics, artificial intelligence and autonomous zero-emissions transportation. Daisuke Toyoda, an executive in charge of the project from the automaker's founding family, stressed it's not a smart city. We're making a test course for mobility so that's a little bit different. We're not a real estate developer, he said Saturday during a tour of the facility, where the first phase of construction was completed. The Associated Press was the first foreign media to get a preview of the USD 10 billion Woven City. The first phase spans 47,000 square metres, roughly the size of about five baseball fields. When completed, it will be 2,94,000 square metres. Built on the grounds of a shuttered Toyota Motor Corp auto plant, it's meant to be a place where researchers and startups come together to share ideas, according to Toyoda. Ambitious plans for futuristic cities have sputtered or are unfinis

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.