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

SECTOR | 01 May 2025

Honda India April sales fall 23% Y-o-Y to 3,360 units; exports also dip

Business Standard

Honda Cars India on Thursday said its domestic sales declined 23 per cent year-on-year to 3,360 units in April. The automaker dispatched 4,351 units to dealers in April last year. Export declined to 1,511 units last month as compared with 6,516 units in April last year. "In view of the prevailing market conditions and subdued consumer sentiment, we have strategically moderated the dispatches in the month of April to maintain optimal inventory level across our network, ensuring operational efficiency and preparing for demand fluctuations without burdening the dealers," Honda Cars India VP (Marketing & Sales) Kunal Behl said in a statement. The company is introducing certain grades of Elevate at attractive new price points along with other benefits in the month of May ensuring greater value for customers, he added.

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

Tata overtakes Hyundai again in monthly sales despite sales dip in April

Business Line | 01 May 2025 1 more

Automobiles & Auto Components

SECTOR | 01 May 2025

Harley-Davidson Withdraws 2025 Outlook Due To Tariff Situation

NDTV Profit

The company's revenue fell 23% to $1.3 billion in the first quarter, missing estimates.

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

Ford starts preparatory work to resume operations at its Chennai plant

Business Standard | 01 May 2025 1 more

Automobiles & Auto Components

SECTOR | 01 May 2025

Ferrari's F1 team partners with IBM to revamp its smartphone app with AI

Business Standard

The new Scuderia Ferrari mobile app offers AI generated articles, dynamic visualised data and more, using IBM's Watsonx AI platform

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

Automobiles & Auto Components

SECTOR | 01 May 2025

Conservative activist Robby Starbuck sues Meta over AI responses about him

Business Standard

Conservative activist Robby Starbuck has filed a defamation lawsuit against Meta alleging that the social media giant's artificial intelligence chatbot spread false statements about him, including that he participated in the riot at the US Capitol on January 6, 2021. Starbuck, known for targeting corporate DEI programs, said he discovered the claims made by Meta's AI in August 2024, when he was going after woke DEI policies at motorcycle maker Harley-Davidson. One dealership was unhappy with me and they posted a screenshot from Meta's AI in an effort to attack me, he said in a post on X. This screenshot was filled with lies. I couldn't believe it was real so I checked myself. It was even worse when I checked. Since then, he said he has faced a steady stream of false accusations that are deeply damaging to my character and the safety of my family. The political commentator said he was in Tennessee during the January 6 riot. The suit, filed in Delaware Superior Court on Tuesday, seek

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

Automobiles & Auto Components

SECTOR | 30 Apr 2025

High import tariffs a barrier in becoming competitive economy: Lamborghini

Business Standard

India currently levies an import duty of up to 110 per cent on completely built units (CBUs) of automobiles

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

Automobiles & Auto Components

SECTOR | 29 Apr 2025

GM posts strong Q1, but will reassess expectations for 2025 due to tariffs

Business Standard

General Motors posted strong financial results for its first quarter on Tuesday, but says it will reassess its expectations for 2025 due to auto tariffs. The automaker is pushing back its conference call to discuss its guidance and quarterly results until Thursday, so that it can assess potential tariff changes. GM said that its initial full-year financial forecast doesn't contemplate the potential impact of tariffs. In January the company announced that it anticipated 2025 adjusted earnings in a range of USD 11 to USD 12 per share. Late Monday The Wall Street Journal reported that President Donald Trump will possibly be dialling back on automotive tariffs, with anonymous sources claiming that he'll stop duties on foreign-made cars from piling on top of other tariffs he implemented and easing some levies on foreign parts used to make cars in the US. General Motors earned USD 2.78 billion, or USD 3.35 per share, for the three months ended March 31. A year earlier it earned USD 2.98

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

Automobiles & Auto Components

SECTOR | 28 Apr 2025

KPIT teams with Mercedes-Benz India to advance software-defined vehicles

Business Line

The partnership, revealed in a press release dated April 28, 2025, will focus on enhancing innovation, reducing time-to-market, and improving efficiencies in vehicle technology

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

Automobiles & Auto Components

SECTOR | 28 Apr 2025

Tata Tech Q4 Review: A Muted Quarter Offset Partially By Traction In BMW JV, ICICI Securities Maintains 'Sell'

NDTV Profit

Though aerospace, battery engineering and BMW JV segments are panning out well, the brokerage expects a slow recovery from challenges in automotive segment.

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

Automobiles & Auto Components

SECTOR | 28 Apr 2025

Mega buyouts can support, not hinder Japan Inc's reform despite Toyota deal

Business Standard

Toyota Industries said this weekend there was at this moment no buyout proposal by the Toyota group or the family, adding it has received various proposals

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

Automobiles & Auto Components

SECTOR | 26 Apr 2025

Nissan to end vehicle production at Wuhan plant in China-Yomiuri

Business Line

The decision comes after the operation rate at the 300,000 vehicle capacity plant, which produces the Ariya electric vehicle and X-Trail SUV, fell below 10% of capacity amid stiff competition from Chinese automakers

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