Automobiles & EVs News

The government has disbursed ₹1,350.83 crore under the auto PLI scheme since 2021, with approximately ₹1,000 crore disbursed in FY26. The scheme incentivizes manufacturers of zero-emission vehicles and components. Eligible sales targets have been set, with incentives based on incremental sales. The scheme aims to boost India's automotive sector, particularly electric vehicles, despite supply chain challenges.

Tesla faces a challenging trading environment for electric vehicles over the next 12 months, and the catalysts for its businesses outside automobiles appear priced at current stock price levels,...

Q2 results reveal mixed financial performances. MRF and Inox Wind reported profit increases, while Natco Pharma and Exide Industries saw declines. Tata Motors Passenger Vehicles posted a significant loss due to a cyber incident impacting JLR. Marico's profit remained stable, and Coffee Day & RCOM reported widening losses.

China has filed a complaint with the WTO against India's Production Linked Incentive schemes for electric vehicles, automobiles, and battery manufacturing. China alleges these measures unfairly favor domestic production over imports, violating trade rules. This action seeks to address perceived discrimination against Chinese goods within India's automotive and battery sectors.

China has filed a complaint at the WTO against India's EV and auto Production Linked Incentive schemes. China alleges these schemes violate trade rules by favoring domestic goods over imports, particularly those of Chinese origin. This action initiates a dispute settlement process, with China seeking consultations to resolve the matter.

Electric vehicle prices in India are expected to match petrol vehicle costs within six months, according to Transport Minister Nitin Gadkari. This move aims to boost clean mobility and reduce the nation's substantial fuel import bill. The government also plans to make India the world's largest automobile producer within five years, investing in green energy initiatives like hydrogen highways.

On Dussehra, vehicle purchases surged in Kalyan and Dombivli, with 606 new vehicles registered, including eight electric ones. The Kalyan Sub-Regional Transport Office operated on the holiday to facilitate same-day registrations, accommodating the auspicious timing for buyers. This period saw registrations of two-wheelers, cars, and commercial vehicles, reflecting a strong consumer trend.

Reduced GST rates have significantly boosted consumer interest in automobiles this festive season. Dealerships are experiencing unprecedented walk-ins, inquiries, and deliveries. Smaller cars and certain hybrid models now fall under a lower 18% tax slab, with compensation cess removed. This initiative aims to stimulate economic growth and encourage domestic purchases.

Reduced GST rates have significantly boosted consumer interest in automobiles this festive season. Dealerships are experiencing unprecedented customer traffic, inquiries, and record deliveries across most vehicle segments. This surge is attributed to the tax cuts and festive offers, with industry leaders expressing optimism for continued momentum.

Only three of eighteen automakers, Tata Motors, Eka Mobility, and Volvo Eicher, qualified for government electric bus manufacturing incentives. These companies received approval for eight e-bus models. The schemes aim to reduce electric bus costs and deploy 10,000 units, but challenges remain in local sourcing and extending electrification beyond urban areas.

China's commerce ministry urges the EU not to dismiss Chinese cars as solely affordable. A spokesperson stated EU automakers can adapt to market pressures and warned against protectionism. China expressed openness to EU products, especially in electric vehicles, highlighting a push for balanced competition and collaboration in the automotive sector.

New GST 2.0 rules reduce taxes on electronics and automobiles from 28% to 18%. This reform is expected to significantly boost demand, particularly for smaller cars and two-wheelers, with analysts predicting substantial earnings per share upgrades for auto companies. Stock markets have already shown a positive reaction, with the Nifty Auto index experiencing significant gains.

Sault Ste. Marie city council approved zoning changes significantly reducing downtown automobile parking minimums. The reforms, based on a consultant's study and public input, aim to lower development costs and encourage active transportation. New requirements will mandate bicycle parking and electric vehicle charging infrastructure in larger developments, while decreasing space allocation for cars.

India and the US concluded their fifth round of trade negotiations without a deal on reciprocal tariffs. Key sticking points include agriculture, automobiles, and market access. Both sides expressed optimism for an interim agreement by August 1, with a final deal potentially by year-end. India seeks relief from US tariffs, while the US wants concessions on industrial and agricultural goods.

Manitoba's electric vehicle rebate program favored Tesla, with 337 purchases receiving over $1.3 million in subsidies between August and February. This represented more than 20% of all rebates issued. However, the provincial government subsequently ended rebates for Teslas and vehicles manufactured in China in March, citing U.S. and Chinese tariffs as the reason.

Manitoba's electric vehicle rebate program provided the most financial incentives for Tesla purchases, totaling $1.3 million for 337 vehicles between August and February. However, the provincial government subsequently eliminated rebates for Tesla and Chinese-made EVs in March. This decision was a protest against tariffs imposed by the United States and China.

Manitoba's electric vehicle rebate program favored Tesla purchases, with 337 vehicles receiving over $1.3 million in rebates between August and February. However, the provincial government ended rebates for Teslas and Chinese-made vehicles in March. This action was a protest against tariffs imposed by the United States and China.

Manitoba's electric vehicle rebate program favored Tesla purchases, with 337 vehicles receiving over $1.3 million in rebates between August and February. The government subsequently ended rebates for Teslas and vehicles made in China in March. This decision was a protest against tariffs imposed by the U.S. and China, with Tesla's CEO having advised the U.S. President.

Manitoba government rebated Tesla vehicle purchases most under its electric vehicle incentive program. Between August and February, 337 Teslas received nearly $1.3 million in rebates. The province later ended these rebates for Teslas and vehicles made in China, citing U.S. and Chinese tariffs. The program offered up to $4,000 for qualifying electric vehicles.

Manitoba's electric vehicle rebate program provided the most funds to Tesla purchasers, totaling over $1.3 million for 337 vehicles between August and February. The provincial government subsequently ended rebates for Tesla and China-made vehicles in March. This decision was a protest against US and Chinese tariffs.