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

SECTOR | 18 Feb 2025

After GM backs out, Toyota aids LG battery plant with $1.5 billion order

Business Standard

GM said in December it would sell its $1 billion stake in the Lansing, Michigan, plant, leaving LG scrambling to find new customers

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

Automobiles & Auto Components

SECTOR | 18 Feb 2025

Honda ready to revive takeover talks if Nissan CEO Uchida steps down

Business Standard

Nissan CEO Makoto Uchida has expressed his intention to stay until 2026, but is facing pressure to step down in coming months from board members and French partner Renault

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

Automobiles & Auto Components

SECTOR | 17 Feb 2025

'Matter of survival': Volkswagen to court in $1.4 bn tax demand case

Business Standard

Authorities alleged Volkswagen India imported almost entire cars in an unassembled condition - which attracts a 30-35% tax - but evaded levies by mis-classifying them as "individual parts"

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

Will not stop Volkswagen consignment: Customs department

Business Line | 17 Feb 2025

Automobiles & Auto Components

SECTOR | 14 Feb 2025

Samvardhana Motherson Q3 profit rises to Rs 879 cr, misses estimates

Business Standard

Samvardhana Motherson is India's top auto parts maker by market capitalisation and counts carmakers from Maruti Suzuki to Mercedes-Benz among its customers

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

Automobiles & Auto Components

SECTOR | 14 Feb 2025

GT out of my way!

Business Line

The Volkswagen Virtus GT is made for enthusiasts and it shows

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

Automobiles & Auto Components

SECTOR | 13 Feb 2025

Japanese automakers Honda, Nissan, Mitsubishi end talks on biz integration

Business Standard

Japanese automakers Honda, Nissan and Mitsubishi said Thursday they are ending talks on business integration. Nissan Chief Executive Makoto Uchida said the talks had changed focus from setting up a joint holding company to making Nissan into a subsidiary of Honda. The intent was to join forces to win in the global competition, but this was not going to realise Nissan's potential, so I could not accept it, he told reporters. He said that Nissan was going to aim for a turnaround without Honda instead. Honda Chief Executive Toshihiro Mibe said in a separate news conference that Honda had suggested a stock swap to speed up decision-making. I am really disappointed, Mibe told reporters. I felt the potential was great, but I also knew actions that would bring pain were necessary to realise that." The automakers agreed to end their agreement on considering a structure for a collaboration, a joint statement said. The decision was passed by board meetings at each of the companies. Honda M

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

Honda's nine-month profit down by 7% as it ends talks with Nissan

Business Standard | 13 Feb 2025 4 more

Automobiles & Auto Components

SECTOR | 13 Feb 2025

Car Sales In India Scale A New January Peak As Passenger Vehicle Demand Returns

NDTV Profit

Car sales in India rose 1.6% year-on-year to 3,99,074 units as the demand for hatchbacks returned in the world's third largest automotive market.

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

Automobiles & Auto Components

SECTOR | 13 Feb 2025

Japanese companies commit 7,500 crore investment in Karnataka

Business Line

The key investment commitments include 3,748 crore by Toyota Kirloskar Motor, 600 crore from NIDEC Industrial Automation India, 450 crore from Toyota Kirloskar Auto Parts and Toyotetsu India Auto Parts each

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

Automobiles & Auto Components

SECTOR | 12 Feb 2025

Volkswagen's $1.4 bn India tax dispute revives foreign investor worries

Business Standard

Now, Volkswagen's move on January 29 to sue India for $1.4 billion in tax that the firm called "impossibly enormous" is making foreign companies jittery

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

Automobiles & Auto Components

SECTOR | 12 Feb 2025

Hon Hai offers Renault a lifeline, says open to buying its stake in Nissan

Business Standard

The company, known also as Foxconn, had adopted a wait-and-see attitude while Honda and Nissan worked out a plan to integrate their businesses

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