ICRA states that the recent US tariffs on India’s passenger vehicle exports will have little impact due to low shipment volumes. However, higher duties on auto components, particularly aluminium and steel parts, may hurt Indian exporters’ revenues and earnings in the coming months. Image Credit: Shutterstock The recent announcement of...
India’s automotive industry achieved record passenger vehicle exports in FY25, with Maruti Suzuki leading the charge by shipping 332,585 units. Hyundai secured the second spot, while Nissan, Honda Cars India, and Volkswagen also ranked among the top exporters. Looking ahead, both Maruti and Hyundai are set to expand their export...
Urja Mobility is revolutionizing India’s electric vehicle (EV) landscape with its innovative battery and vehicle leasing solutions. By eliminating high upfront costs, the company is accelerating EV adoption through flexible Battery-as-a-Service (BaaS) and Vehicle-as-a-Service (VaaS) models. Co-founder & CTO Anagh Ojha has been instrumental in driving this transformation, integrating AI,...
India’s automotive industry ranked fourth globally, aims to hit an impressive $1 trillion by 2035, as per Arthur D. Little. This transformation is propelled by an infusion of more than US$400 billion into areas such as design, development, and cutting-edge technology. As India sets its sights on becoming a global...
India’s exports of vehicles declined across segments with the exception of passenger vehicles in 2022-23. While factors like global macroeconomic environment and dollar strength are cyclical, one clear reality that India needs to be cognisant of is the growing share of EVs in automotive exports and consequent decline in ICE-based...
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