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

SECTOR | 06 Feb 2025

Honda Cars achieves E20 petrol compliance certification for all models

Business Standard

Honda Cars India on Thursday said it has achieved E20 petrol compliance certification for all the models it sells in the country. The company has achieved compliance for the Elevate, City e:HEV, City, and Amaze models. The achievement highlights Honda's commitment to sustainable mobility and supporting India's transition to greener and cleaner transportation, the automaker said in a statement. The company has embraced E20 petrol since 2009, and all Honda cars manufactured in India from January 1, 2009, are compatible with E20 materials, the company stated. Customers can freely use the E20 petrol in their existing Honda cars without durability concerns or the need to change any part in the car, the automaker said. "The latest compliance certification for all our current models ahead of the pan India E20 fuel introduction aligns with the Government of India's goal to implement greener fuels," Honda Cars India Vice President (Marketing & Sales) Kunal Behl said. The Government of...

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

Automobiles & Auto Components

SECTOR | 06 Feb 2025

India Car Sales Surge Over 15% In January 2025 Due To Spillover Effect

NDTV Profit

As many as 4,65,920 cars were registered last month, as against 2,93,465 units in the year-ago perioda 15.53% year-on-year rise.

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

Automobiles & Auto Components

SECTOR | 06 Feb 2025

Nissan Motor seeking new partners as deal with Honda set to collapse

Business Standard

The Japanese carmaker is looking for a partner that would ideally be from the technology sector and US-based

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

Nissan to step back from Honda merger after board votes against $58 billion tie-up: Report

livemint | 05 Feb 2025 5 more

Automobiles & Auto Components

SECTOR | 05 Feb 2025

Bombay HC to hear Volkswagen's plea against $1.4 bn tax notice on Feb 17

Business Standard

The Bombay High Court on Wednesday said it would hear on February 17 a plea filed by Skoda Auto Volkswagen India challenging the tax demand of USD 1.4 billion by Indian customs authorities. The Volkswagen group, currently led in the country by Skoda Auto Volkswagen India, has been accused of deliberately misleading customs authorities through its mode of import of parts as individual units rather than as a component of a 'completely knocked down' (CKD) unit, which attracts higher import duty. The automobile company last month filed a petition in the HC, challenging a show-cause notice issued by the authorities in September 2024 under the Customs Act. On Wednesday, the company's counsels mentioned the plea before a division bench of Justices B P Colabawalla and Firdosh Pooniwalla, seeking urgent hearing. The high court agreed to hear the plea on February 17. The notice alleged that the company misclassified its imports of Audi, Skoda and Volkswagen cars as "individual parts" instea

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

Automobiles & Auto Components

SECTOR | 05 Feb 2025

Is Ford reconsidering its India re-entry? Decision delayed till late summer

Business Standard

Several factors are behind Ford's hesitation. The current political climate in the US prioritises domestic manufacturing, potentially making foreign investments less attractive

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

Automobiles & Auto Components

SECTOR | 04 Feb 2025

Auto Monthly Sales Volume - January 2025

Automobiles & Auto Components

Axis Direct

We prefer TVS Motors Hero Motocorp in the 2Ws; M&M (non-coverage) as a play in the PV/LCV/tractor segment, followed by Maruti in PVs; we also monitor Ashok Leyland, Eicher (VECV) in the CV space for potential spurt in volumes.

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

Automobiles & Auto Components

SECTOR | 03 Feb 2025

Volkswagen sues Indian authorities on $1.4-billion tax demand

Business Line

Skoda Auto Volkswagen India, in its filing at the Mumbai High Court, says tax demand is detrimental to the foreign investment climate, per a media report

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

Volkswagen India Says Exploring All Legal Options In Import Tax Dispute Case

NDTV Profit | 03 Feb 2025

Automobiles & Auto Components

SECTOR | 03 Feb 2025

Nissan Motor India to export 10,000 LHD units of New Magnite by Feb-end

Business Standard

The company flagged off the first shipment of close to 2,900 units of the New Nissan Magnite in late January to select markets in the Latin American (LATAM) region

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

Nissan begins export of Chennai-built Magnite SUVs

Business Line | 03 Feb 2025 1 more

Automobiles & Auto Components

SECTOR | 02 Feb 2025

Volkswagen sues India to quash 'enormous' $1.4 billion tax demand

Business Standard

Volkswagen's unit, Skoda Auto Volkswagen India, also told the High Court in Mumbai tax dispute puts at risk its investments of $1.5 billion in India, and is detrimental to foreign investment climate

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

Automobiles & Auto Components

SECTOR | 01 Feb 2025

Toyota Motor's vehicle sales increase 19% to 29,371 units in January

Business Standard

Toyota Kirloskar Motor on Saturday said its sales increased by 19 per cent year-on-year to 29,371 units in January. The company had dispatched 24,609 units in the same month last year. The company sold 26,178 units in the domestic market and exported 3,193 units last month. The continued momentum underscores the company's sharp focus on customer centricity, enhancing customer access across the country and increased emphasis on innovative value-added solutions, Toyota Kirloskar Motor (TKM) said in a statement. "In 2025, our efforts are to further strengthen the company's foothold in India. We will continue to optimise customer centricity through value-added services and seamless after-sales support, all aimed at creating delightful experiences," TKM Vice President Sales-Service-Used Car Business & Profit Enhancement Varinder Wadhwa said. The automaker's product strategy will be driven by the deep philosophy of a multiple pathway approach that strives to offer something to everyone

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