NEW DELHI, May 25: Indias duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is very nuanced with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, the import duty will be reduced over 10-15 years, the official said. The duty cut and quota depends on engine [] The post Indias auto sector d

Excelsior Correspondent SRINAGAR, May 21: Mahindra & Mahindra Ltd today announced the launch of the Mahindra Treo Plus SM at Mahindra Star Auto, Lasjan Bypass showroom in Srinagar. The event was graced by the presence of Mohammad Rafiq (Mahindra & Mahindra), Tahil (Corporate Manager), Mudasir Shah (General Manager), along with dedicated staff members and esteemed customers. This exclusive edition celebrates a milestone of 1 lakh satisfied customers and showcases Mahindras dedication to sustainab

NEW DELHI, Apr 28:Leading auto component manufacturers could take a revenue hit of up to Rs 4,500 crore in the current fiscal due to dip in overseas shipments stemming from the tariff-related impact, ratings firm Icra said on Monday. Icra expects the revenue growth of Indian auto component industry, represented by sample of 46 auto ancillaries with aggregate annual revenues of over Rs 3 lakh crore in FY2024, to ease to 6-8 per cent in FY2026, against 8-10 per [] The post Auto component makers m

NEW DELHI, Apr 20: Automobile exports from India rose by 19 per cent to over 53 lakh units in the last 2024-25 fiscal year driven by robust demand for passenger vehicles, two wheelers and commercial vehicles in the overseas markets. Overall exports last fiscal stood at 53.63 lakh (53,63,089) units as compared with 45 lakh (45,00,494) units in 2023-24 fiscal ending March 31, 2024. Passenger vehicle shipments rose by 15 per cent to 7,70,364 units last fiscal as against [] The post Automobile expo

NEW DELHI, Apr 15:Auto stocks rallied on Tuesday after US President Donald Trump said that he might temporarily exempt the industry from tariffs he previously imposed on the sector. Motherson jumped over 8 per cent, Bharat Forge surged nearly 6 per cent, Tata Motors rallied 4.70 per cent and Mahindra & Mahindra climbed 4 per cent on the BSE. The stock of TVS Motor surged 2.93 per cent, Bajaj Auto (2.67 per cent), Hero MotoCorp (2.42 per cent), Ashok [] The post Auto stocks rally as Trump consid

MUMBAI, Apr 14: European auto major Skoda Auto Volkswagen India on Monday said while it does not support the new reciprocal tariff imposed by the Trump Administration, which have now been paused for 90 days on non-retaliating countries, the move may open up opportunities for the industries in the long term. Earlier, the group, which is battling a Rs 11,000-crore tax show cause notice for alleged customs duty fraud related to the import of cars as completely knocked down units, [] The post Trump

KOLKATA, Apr 10: As Indias urban expansion continues and mobility needs evolve, car ownership remains the preferred solution for millions of Indians, according to Spinny, the countrys leading full-stack used car platform, has released its Q1 2025 report, revealing significant shifts in the pre-owned car market. The report highlighted the dominance of digital-first transactions, value-added services, rising demand for automatic cars, and the growing influence of women buyers, all pointing to a tr

MUMBAI, Apr 10:Electric vehicle maker Omega Seiki Mobility on Thursday said it will provide women drivers with 2,500 specially-designed pink auto rickshaws on lower prices pan-India in a phased manner. The scheme, as part of the companys corporate social responsibility (CSR) programme, was rolled out on Wednesday in the national capital, benefitting 500 women drivers. These drivers will also get 1 per cent subsidy on interest on vehicle financing from a leading state-run lender, Omega Seiki Mob

Surveillance system using satellite data being developed by BISAG Nishikant Khajuria JAMMU, Apr 8: The Jammu and Kashmir Government is contemplating to implement the Mining Surveillance System (MSS) using satellite data in collaboration with BISAG, Government of India, having the provisions of automatic system of reporting illegal mining in the Union Territory. Follow the Daily Excelsior channel on WhatsApp Sharing this information on floor of the Legislative Assembly, in response to clubbed que

Excelsior Correspondent JAMMU, Apr 7: The auto retail sales in Jammu and Kashmir UT have registered a growth of 3.74%. This was announced by the Federation of Automobile Dealers Associations (FADA) while releasing the Vehicle retail data for FY25 and March 2025 for the UT of Jammu and Kashmir. For FY-25, the 2-Wheeler category witnessed a growth of 10.20% at 93,051 units in FY25, as compared to 84,438 units in FY24. The 3-Wheeler category witnessed a downfall of -0.29% at [] The post J&K auto re

NEW DELHI, Apr 7: Automobile retail sales in India rose 6 per cent to 2,61,43,943 units in FY25 with rural areas performing better than urban regions across passenger vehicle and two-wheeler segments, dealers body FADA said on Monday. The last financial year saw growth in sales of passenger vehicles, two-wheelers and three-wheelers. Registrations of commercial vehicles and tractors however saw a dip in FY25 as compared to FY24. Overall retail sales stood at 2,45,58,437 units in the 2023-24 fisca

New Delhi, Mar 31: To expand the Ease of Living of its 7.5 crore members, Employees Provident Fund Organisation (EPFO) has decided to enhance the auto settlement of advanced claim (ASAC) limit by five times from currently Rs 1 lakh, sources said. According to sources, Sumita Dawra, Secretary, Ministry of Labour and Employment had approved the proposal to enhance the limit from Rs 1 lakh to Rs 5 lakh in the 113th meeting of Executive Committee (EC) of Central Board [] The post Centre Set To Incre

NEW DELHI, Mar 30:Tata AutoComp Systems Ltd on Sunday said it will acquire 80 per cent stake in Artifex Interior Systems Ltd, a part of the Jaguar Land Rover group, for an undisclosed sum. On completion of this transaction, Artifex, with revenue of GBP 296 million (FY25), will join the TATA Autocomp (TACO) family, the company said in a statement. The company has purchased the majority shareholding from Jaguar Land Rover Ventures Ltd, a subsidiary within the Jaguar Land [] The post Tata AutoComp

TOKYO, Mar 27: Japans automobile production will decrease by 4.3 percent annually over declining US sales while overall industrial production could drop by 0.6 percent due to the U.S. expanded tariffs, the Japan Research Institute predicted. Shumpei Goto, a researcher at the institute, noted that with tariffs raising car prices in the United States, Japan-made car sales are expected to decline, leading to reduced vehicle production and a ripple effect on auto parts manufacturers, Nikkei reported

New Delhi, Mar 27: Indian auto component makers are more likely to be impacted than their vehicle manufacturing counterparts by US President Donald Trumps tariff war, industry observers said on Thursday. Trump on Wednesday announced imposition of 25 per cent tariffs on auto imports from April with another 25 per cent tariffs expected to be applied on imports of major automotive parts engines and engine parts, transmissions and powertrain parts, and electrical components by May. It is the Indian

NEW DELHI, Mar 24:Tata AutoComp Systems Ltd on Monday said it will acquire International Automotive Components Group Sweden AB (IAC Sweden), in a bid to strengthen its presence in Europes automotive sector. This proposed acquisition reinforces Tata AutoComps presence in Sweden and enhances the companys relationships with key European Original Equipment Manufacturers (OEMs) in both the passenger vehicle and commercial vehicle segments, further expanding its global footprint, the company said in

KATHMANDU, Mar 20: Nepals Prime Minister K P Sharma Oli on Thursday cautioned against forgetting the autocratic rule imposed during the monarchy and called for collective efforts to consolidate the achievements of the federal democratic republic. Speaking at an event in the capital, Oli urged everyone to focus on strengthening the republican system while referring to the recent protests demanding the restoration of the monarchy. People have still not forgotten the autocratic regime imposed durin

KOLKATA, Mar 19:Kolkata-based conversational intelligence firm Mihup on Wednesday said it is in advanced talks with one of Indias top passenger automobile makers to integrate its in-car virtual assistant, following its partnership with Tata Motors. The company, which has raised Rs 100 crore in venture funding, including Rs 50 crore in October last year, is also preparing for an initial public offering (IPO) within the next two years, Mihup Co-founder & CEO Tapan Barman told PTI. Mihups voice ass

Youre scrolling through Instagram, watching your competitors posts rack up hundreds of likes overnight. Meanwhile, your contentcrafted with carestruggles to break double digits. Sound familiar? If youve ever considered using an automation service like autolikesig.com to level the playing field, youre not alone. But with so many tools promising real engagement, how do you choose the right one without risking your account? In this no-nonsense comparison, well pit AutoLikesIG (autolikesig.com) agai

Excelsior Correspondent JAMMU, Mar 4: Bajaj Auto Ltd, a leading commercial-grade three-wheeler manufacturer today announced the launch of all-new brand of electric autos Bajaj GoGo. Bajaj GoGo will be the umbrella brand for electric autos, offering a wide range of products in the passenger and cargo carrier segments. The new Bajaj GoGo comes in three variants P5009, P5012, and P7012. Here P stands for Passenger, 50 and 70 are vehicular size indications, while 09 and 12 denote the battery [] The

NEW DELHI, Mar 3: Bajaj Auto on Monday reported a 2 per cent increase in total sales at 3,52,071 units in February 2025 as compared to the same month a year ago. The company had sold a total of 3,46,662 units in February 2024, Bajaj Auto said in a statement. Total two-wheeler sales were at 2,99,418 units last month as against 2,94,684 units in the year-ago period, up 2 per cent, it added. Domestic two-wheeler sales were at 1,46,138 [] The post Bajaj Auto Feb total sales rise 2 pc to 3,52,071 un

GENEVA, Feb 24: UN Secretary-General Antonio Guterres says human rights are being suffocated around the world, lashing out at voices of division and anger who see them as a barrier to their quest for power and profit. In a speech to the Human Rights Council, Guterres decried Russias full-scale war in Ukraine that marked its third anniversary Monday, appealed for a permanent cease-fire between Palestinian militants and Israel, and urged respect for Congos territorial integrity, among other thing

MUMBAI, Feb 20:Pune-based automation solutions provider ARAPL said its subsidiary ARAPL RaaS has commenced deliveries of autonomous electric vehicles (AEVs) to warehousing clients in the US. The move positions the company to capitalise on the rapidly growing USD 300-billion warehousing automation market of the United States, said Affordable Robotic and Automation Ltd (ARAPL). With an initial order book of USD 4 million, ARAPL RaaS is poised to capture a substantial share of this lucrative secto

WASHINGTON, Feb 20: The United States is considering including the possibility of automatically granting Ukraine NATO membership if Russia were to break their prospective peace deal, the NBC broadcaster reported. Four US officials told NBC that automatic NATO membership for Kiev could serve as a security guarantee. Russian President Vladimir Putin has repeatedly said that Russia sees Ukraines bid to join the alliance as a threat to national security. In June 2024, Putin said that Ukraine needed

MUMBAI, Feb 14: Ed-tech company NxtWave on Friday said it has partnered with TIER IV, Autoware Foundation and National Skill Development Corporation (NSDC) to build the worlds largest autonomous vehicle developer community. Under this partnership, Indian youth will be equipped with future-ready skills in the rapidly advancing autonomous vehicle sector, bridging the gap between academic curricula and industry requirements, NxtWave said in a statement. By merging NxtWaves extensive upskilling fr

NEW DELHI, Feb 14: Auto retail firm Landmark Cars has executed a bespoke dealership agreement with PCA Automobiles India Pvt Ltd for sale and after sale business of Citroen car brand. This dealership will be a part of M/s Landmark Lifestyle Cars Private Ltd, a wholly owned subsidiary company of Landmark Cars. Citroen will be the 11th brand for Group Landmark, which is known for other brands like Mercedes-Benz, BYD, Kia, Honda, etc, Landmark Cars said in a statement filed [] The post Landmark Car

TOKYO, Feb 13:Japanese automakers Honda, Nissan and Mitsubishi said Thursday they are dropping their talks for a business integration. The automakers agreed to end their agreement regarding the consideration of the structure for a collaboration of the trio, their joint statement said. Honda Motor Co. and Nissan Motor Corp. announced in December that they were going to hold talks to set up a joint holding company. Mitsubishi Motors Corp. had said it was considering joining that group. From the [

Rohit Gandotra, Director, Fairdeal Automotors inaugurating new showroom in Jammu on Monday. -Excelsior/Rakesh The post Rohit Gandotra, Director, Fairdeal Automotors inaugurating new showroom in Jammu on Monday. -Excelsior/Rakesh appeared first on Daily Excelsior .

NEW DELHI, Feb 9: Bajaj Auto is gearing up to enter the domestic e-rickshaw segment by the end of this fiscal to tap a sizable opportunity in a fast-growing but highly unorganised market, according to a top company official. The company expects to get regulatory clearances towards the end of the ongoing quarter for its e-rickshaw that will enable it to enter the segment which is about 45,000 units a month, Bajaj Auto Executive Director Rakesh Sharma told analysts. By [] The post Bajaj Auto to ri

Bengaluru, Feb 5: In a video going viral, Cricketer Rahul Dravid was seen arguing with an auto driver here. The incident allegedly occurred on Cunningham Road in Bengaluru on Tuesday evening. According to the High Grounds traffic police station, under whose jurisdiction Cunningham Road falls, the former India team captain did not file any complaint. In the video, believed to be taken around 6.30 pm on Tuesday, Dravid was seen arguing in Kannada, asking the driver why he did not [] The post Rahul

BRUSSELS, Feb 3: Belgium has a new Prime Minister whose political purpose was long to break up the nation, gut the state structures and give ever more autonomy to his northern Flanders at the cost of everyone else. Bart De Wever took the oath early Monday, looking straight at King Philippe, the latest monarch of a royal house he so long had little but disdain for because it symbolised the old concept of Belgian unity. I swear allegiance to the [] The post Belgium gets new Prime Minister, one who

TOKYO, Jan 30: Nissan is slashing production at its US plants and offering buyouts to factory workers there as part of the Japanese automakers urgent efforts to return to profitability. The move is part of Nissan Motor Corp.s plans, announced two months ago, to slash 9,000 jobs globally, including in China, after it racked up a quarterly loss due to sinking sales and ballooning inventory. At Nissans plant in Smyrna, Tennessee, one production line will maintain two shifts, while [] The post Japa

NEW DELHI, Jan 28: Automakers want the government to provide merit-based policies to support a full range of green technologies and alternative fuels besides allocations to facilitate electric vehicle ecosystem like charging infrastructure to further accelerate sustainable mobility in the upcoming Union Budget. With the automobile industry showing early signs of growth slowing down, they said budgetary initiatives to boost the disposable income of consumers are necessary to support robust growt

Excelsior Correspondent JAMMU, Jan 27: The CRETA Electric was launched at Fairdeal Auto Hyundai in a function held here today. The new car was launched at an introductory price of Rs 17,99,000. The unveiling ceremony took place at Fairdeal Auto Hyundais Greater Kailash showroom and was graced by chief guest Deepak Gupta, President, Traders Federation Ware house Nehru Market and guest of honour R K Gupta, DGM, SBI. Managing Director Saleem Bakshi, Director Rohit Gandotra, Mohit Gandotra, Farhan B

NEW DELHI, Jan 25:Auto components maker Gabriel India on Saturday announced acquisition of assets from Marelli Motherson Auto Suspension Parts Pvt Ltd for Rs 60 crore. With this acquisition, Gabriel India has acquired additional annual manufacturing capacity of 3.2-million shock absorbers and 1-million gas spring units, the company said in a statement. The total purchase consideration payable under the Asset Purchase Agreement (APA) is Rs 60 crore, subject to closing adjustments, Gabriel India