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

SECTOR | 18 Sep 2025

Delhi govt working on formulating model EV policy, says CM Gupta

Business Standard

Delhi Chief Minister Rekha Gupta announced on Thursday that the government is working on a new model Electric Vehicle (EV) Policy and affirmed that all public transport vehicles will be electric by the end of 2026. Speaking at an event organised by The Society of Indian Automobile Manufacturers (SIAM), Gupta emphasised that drivers are responsible for accidents. "Accidents happen every minute, every hour. Vehicles are not to blame; it is the drivers. We need to change the Indian mindset. Many take pride in not wearing seat belts. There must be stricter enforcement of traffic rules. If you fear breaking traffic laws abroad, you should not be allowed to break them here," she stated. Gupta urged people to adhere to traffic rules "not for the sake of the government, but for their own safety." She acknowledged the persistent legacy issues in Delhi, such as garbage mountains, traffic congestion, and pollution, and assured that the government is addressing these problems. "We can give yo

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

Automobiles & Auto Components

SECTOR | 17 Sep 2025

Delhi BMW crash: Court extends custody of accused driver till Sept 27

Business Standard

A Delhi court on Wednesday extended till September 27 the judicial custody of the woman who drove the BMW car involved in a crash that left a senior finance ministry official dead and his wife injured in Dhaula Kuan here. Judicial magistrate Ankit Garg extended her judicial custody. The court also issued notice on a plea by the accused seeking preservation of the accident's CCTV footage. The plea will be heard on Thursday. Arguments on her bail plea were also heard by the court, which posted the matter for Saturday. Gaganpreet Kaur, 38, was remanded to two days of judicial custody on September 15 after being arrested on charges of culpable homicide not amounting to murder and other offences. Deputy Secretary in the Department of Economic Affairs, Navjot Singh (52), a resident of Hari Nagar, was killed in the accident on the Ring Road near the Delhi Cantonment Metro station on Sunday afternoon. They were returning home after visiting the Bangla Sahib Gurdwara.

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

Automobiles & Auto Components

SECTOR | 16 Sep 2025

Ford To Slash 1,000 Jobs At Cologne Plant

NDTV Profit

Ford to again cut jobs.

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

Automobiles & Auto Components

SECTOR | 16 Sep 2025

Delhi BMW crash accused sent to judicial custody: All we know so far

Business Standard

A BMW rammed into a motorcycle near Dhaula Kuan in Delhi, killing a Finance Ministry official and injuring his wife; accused driver is in custody

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

BMW Crash: Delhi Court Sends Woman Driver To 2-day Judicial Custody, Accused Moves Bail Plea

NDTV Profit | 16 Sep 2025 9 more

Automobiles & Auto Components

SECTOR | 15 Sep 2025

Car sales fall in August 2025, but two-wheelers ride festive demand: Siam

Business Standard

PV dispatches fell 9% in August to 321,840 units, while two-wheeler sales rose 7% and three-wheeler sales hit a record, as buyers awaited GST-driven price cuts

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

Automobiles & Auto Components

SECTOR | 15 Sep 2025

Passenger vehicle dispatches decline 9% to 3,21,840 units in August: SIAM

Business Line

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

SIAM August Data: Passenger Vehicle Sales At 3.22 Lakh Units, Two-Wheeler Sales Rise 7.1%

NDTV Profit | 15 Sep 2025

Automobiles & Auto Components

SECTOR | 14 Sep 2025

Mercedes expects GST cut to drive best-ever festive season'

Business Line

Mercedes-Benz India MD and CEO Santosh Iyer, said,GST rate cut brings a lot of positive sentiment and momentum to the market.

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

Automobiles & Auto Components

SECTOR | 11 Sep 2025

SIAM convention: GST rate cut would not generate much traction for small hatchbacks, but compact SUVs, says Hyundai

Business Line

However, Maruti Suzuki expects 10 per cent growth in small cars

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

SIAM Convention: Auto industry says sales momentum would continue even after festive period because of GST 2.0

Business Line | 11 Sep 2025

Automobiles & Auto Components

SECTOR | 11 Sep 2025

India must develop rare earth magnet ecosystem urgently: SIAM president

Business Standard

India must act decisively to fully leverage the vast opportunities that exist in India for developing the entire rare earth magnet ecosystem, SIAM President Shailesh Chandra said on Thursday. The government is considering incentives for the production of rare earth minerals and magnets in response to China's restrictions on its global supply, which have disrupted the supply chain. "Magnets have since snowballed and industry is presently trying to somehow manage its businesses," said Chandra here at the annual convention of the Society of Indian Automobile Manufacturers (SIAM) "... there are discussions underway to look at the possibility of developing the entire Rare Earth Magnet ecosystem in India. Therefore, to fully leverage the vast opportunities that exist in our country, we must act decisively," said Chandra, who is also Managing Director, Tata Motors Passenger Vehicle and Tata Passenger Electric Mobility. Chandra further said the Indian automotive industry today stands at an

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

Skoda to focus on India to drive growth, avoid over-reliance on Europe: CEO

Business Standard | 11 Sep 2025

Automobiles & Auto Components

SECTOR | 11 Sep 2025

'China Inside': How Chinese EV tech is reshaping global auto design

Economic Times

Global auto brands are now looking at Chinese technology for electric vehicles. Audi already built an EV using Chinese tech. Toyota and Volkswagen also have similar plans. Renault and Ford may develop global models using Chinese platforms. Chinese firms get revenue and global firms get technology. This helps them launch EVs faster amid a price war.

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