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

Automobiles & Auto Components

SECTOR | 22 Oct 2025

Lokpal Faces Criticism Over Open Tender For Luxury Cars: All You Need To Know About BMW Row

NDTV Profit

Last week, the apex anti-corruption body floated a tender to procure seven BMW cars, each costing around Rs 69.5 lakh.

Axis Direct released a Sector Update report for Automobiles & Auto Components on 19 Nov, 2025.

BMW Overturns Inside Mumbai's Coastal Road Tunnel, Slows Down Traffic

NDTV Profit | 22 Oct 2025 5 more

Automobiles & Auto Components

SECTOR | 22 Oct 2025

Early consumer earnings make the wealth effect clear

Economic Times

Prominent brands like Coke, 3M, General Motors, and Philip Morris are witnessing a notable strength in consumer spending. However, this strength is not universal. Affluent shoppers are driving economic growth with their spending, whereas consumers on the lower end of the income spectrum are struggling.

Axis Direct released a Sector Update report for Automobiles & Auto Components on 19 Nov, 2025.

Automobiles & Auto Components

SECTOR | 19 Oct 2025

Luxury carmakers drive festive sales with Diwali discounts, finance offers

Business Standard

BMW, Mercedes-Benz, and Audi roll out attractive festive schemes as GST 2.0 reforms and improved finance options boost premium car demand this Diwali

Axis Direct released a Sector Update report for Automobiles & Auto Components on 19 Nov, 2025.

Automobiles & Auto Components

SECTOR | 19 Oct 2025

Automobile exports rise 26% in Q2 on record PV, two-wheeler sales: Siam

Business Standard

Automobile exports from India rose 26 per cent year-on-year in September quarter driven by highest-ever shipments of passenger vehicles, two-wheelers and three-wheelers during the period, as per the latest data released by industry body SIAM. Passenger vehicle exports grew 23 per cent to 2,41,554 units in September quarter as against 1,96,196 units in the same period of last fiscal. Passenger car exports grew 20.5 per cent to 1,25,513 units in the second quarter as against 1,04,196 units in the September quarter of last fiscal. Similarly, utility vehicle shipments rose 26 per cent annually to 1,13,374 units in the July-September period. Van exports also grew 39 per cent year on year to 2,667 units in the year-ago period. Maruti Suzuki India led the space with shipments of 2,05,763 units followed by Hyundai Motor India with 99,540 units in the period under review. Two-wheeler exports saw an increase of 25 per cent to 12,95,468 units in July-September period as against 10,35,997 un

Axis Direct released a Sector Update report for Automobiles & Auto Components on 19 Nov, 2025.

Automobiles & Auto Components

SECTOR | 19 Oct 2025

Jains in Gujarat buy 186 luxury cars, save 21 cr in 'one-of-its-kind deal'

Business Standard

The Jain community has put up an impressive show of its formidable buying power by driving home 186 high-end cars after securing discounts of Rs 21 crore. This "one-of-its-kind deal" with luxury automobile brands like BMW, Audi and Mercedes was pulled off by the Jain International Trade Organisation (JITO), its vice president Himanshu Shah told PTI on Saturday. JITO is a not-for-profit community body with 65,000 members from across India, he said. These 186 luxury cars, each priced between Rs 60 lakh and Rs 1.3 crore, were handed over to their owners across India between January and June this year. JITO's nationwide drive helped our members save Rs 21 crore in the form of discounts, said Shah. He said the organisation was just a facilitator and did not profit from this deal. The majority of the cars were bought by Gujarat-based Jains, Shah added. It all started when some JITO members suggested leveraging the community's strong buying power to secure heavy discounts from carmakers

Axis Direct released a Sector Update report for Automobiles & Auto Components on 19 Nov, 2025.

Automobiles & Auto Components

SECTOR | 15 Oct 2025

Auto industry expects to end FY26 with positive growth despite geopolitical concerns: SIAM

Business Line

Total PV sales in September grew 4.4 per cent y-o-y to 3,72,458 units and by 1.5 per cen y-o-y to 10,39,200 in Q2

Axis Direct released a Sector Update report for Automobiles & Auto Components on 19 Nov, 2025.

High demand for PVs likely to sustain beyond festive season: SIAM president

Business Standard | 15 Oct 2025 2 more

Automobiles & Auto Components

SECTOR | 15 Oct 2025

Volkswagen, JSW back at the table for EV venture as M&M deal stalls

Business Standard

Earlier in February 2024, Volkswagen and JSW Group were in talks to form a joint venture for EV manufacturing in India. The discussions have now resumed after VW's stalled pact with MM

Axis Direct released a Sector Update report for Automobiles & Auto Components on 19 Nov, 2025.

Automobiles & Auto Components

SECTOR | 14 Oct 2025

BMW India expects EVs to make up 30% of overall sales before 2030

Business Standard

Luxury carmaker BMW expects its electric vehicle sales to surge over the next few years, accounting for around 30 per cent of the overall sales before 2030, driven by new products and enhanced adoption of green vehicles in the country, according to company's President and CEO Hardeep Singh Brar. The German luxury carmaker's electric vehicle portfolio in India currently accounts for around 21 per cent of the overall sales. In an interaction with PTI, Brar said the company would like to have electric models in every vehicle segment it operates in the country. "We have done well in the electric segment, and we would like to build on that further. We are today, 21 per cent and I think at this rate, we may do 30 per cent even before 2030, which is mandated by the government," he noted. Between January and September, BMW Group India retailed 2,509 electric BMWs and MINIs, a growth of 246 per cent year-on-year. The share of EVs in total sales increased to 21 per cent with iX1 becoming th

Axis Direct released a Sector Update report for Automobiles & Auto Components on 19 Nov, 2025.

Automobiles & Auto Components

SECTOR | 13 Oct 2025

Slavery Contract: Stunned Reddit User On People 'Buying Rs 80 Lakh Mercedes With Rs 2 Lakh Salary'

NDTV Profit

This isn't ambition anymore; it's financial self-sabotage disguised as YOLO, says the user.

Axis Direct released a Sector Update report for Automobiles & Auto Components on 19 Nov, 2025.

Automobiles & Auto Components

SECTOR | 12 Oct 2025

Layoffs in IT sector won't impact luxury cars sales: BMW Group India President

Business Line

BMW Group India President and CEO Hardeep Singh Brar expects battery electric vehicles to contribute 30% of company's overall sales by 2027

Axis Direct released a Sector Update report for Automobiles & Auto Components on 19 Nov, 2025.