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

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.

Automobiles & Auto Components

SECTOR | 12 Feb 2025

Aim is cooperation with Nissan, not acquisition: Foxconn's Young Liu

Business Standard

The deal would have been the latest change in a car industry facing a huge threat from China's BYD and other electric vehicle entrants

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

Automobiles & Auto Components

SECTOR | 12 Feb 2025

SIAM showcases multiple fuel option vehicles at IEW 2025

Business Line

With advanced technologies and innovative fuel options, these production ready vehicles reinforce the collective effort to drive sustainable mobility and reduce environmental impact

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

Automobiles & Auto Components

SECTOR | 12 Feb 2025

Trump's steel, aluminum tariffs may drive up car costs: Industry leaders

Business Standard

President Donald Trump's tariffs on steel imports this week could wreak havoc on American auto manufacturing, industry leaders say. The moves align with the Trump administration's aggressive global trade agenda and ambitions to strengthen US industry, but they could have an inverse effect. On March 12, all steel imports will be taxed at a minimum of 25%, the result of two orders the president signed Monday that also include a 25 per cent tariff on aluminum. That could have a serious impact on domestic auto companies including Ford, GM and Stellantis and make these companies' vehicles more expensive for the nation's car buyers. Tariffs on crucial products coming from outside of the US places pressure on domestic sourcing of the materials, experts say. The basic rules of supply and demand could drive up costs. "Steel producers have to find ways to increase capacity, and aluminum and steel might be in short supply in the short term," said Sam Fiorani, analyst at AutoForecast Solutions

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

Automobiles & Auto Components

SECTOR | 11 Feb 2025

Trump's tariffs have added 'a lot of cost, a lot of chaos': Ford CEO Farley

Business Standard

Businesses have warned of fallout from tariffs, with many manufacturing-heavy companies finding it difficult to plan next steps or determine if Trump will follow through on signaled policy moves

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