Excelsior Correspondent JAMMU, July 3: Keeping its foot on the accelerator koda Auto India, celebrated its 25th anniversary in India and 130th year globally. With 36,194 units sold in the first half of 2025, koda Auto has achieved its highest half-yearly sales in its 25-year history in India. Commenting on the achievement, Ashish Gupta, brand director, koda Auto India said, Our landmark half-yearly sales reflect the strong acceptance of koda products and services by customers in India. Our custo

By T N Ashok NEW YORK: The US Supreme Court has curbed national injunctions on President Trumps effort to end automatic birthright citizenship. The full bench of the apex court ruled 6-3 in a majority ruling that lower courts did not have the right to grant stays or injunctions on President Trumps executive orders. Thereby, the Supreme Court on Friday handed a major win to the Trump administration by allowing it to take steps to implement its proposal to [] The post Trumps Win in Automatic Birt

BHUBANESWAR, June 26: National Aluminium Company Limited (NALCO), the Navratna Central Public Sector Enterprises under the Union Mines Ministry, has expanded its product portfolio with the introduction of its latest offering the IA90 Grade Aluminium Alloy Ingot designed specifically to cater to the evolving requirements of the automobile industry, said officials today. Sadashiv Samantaray, Director (Commercial), NALCO, formally launched the new alloy grade in the presence of senior officials of

NEW DELHI, June 22: European mass market automotive brands Renault, Volkswagen, and Skoda continue to struggle to enhance presence in the Indian market, witnessing sales decline in the last three financial years, industry data showed. According to data by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in 2022-2023. Similarly, Skodas

Budget was cut due to reduction in grants *Decision likely during Parls Monsoon session Sanjeev Pargal JAMMU, June 19: In a good news for twin Hill Councils of Leh and Kargil in the Union Territory of Ladakh, the Finance Ministry is expected to restore their budgetary cut of around Rs 90 crore each in the Capital expenditure shortly. Follow the Daily Excelsior channel on WhatsApp The decision is expected to be taken during or after Monsoon session of the Parliament [] The post Ladakh Autonomous

TOKYO, June 18: Japan recorded a trade deficit of 637.6 billion yen (about 4.4 billion U.S. dollars) in May, marking the second consecutive month in the red, according to data released Wednesday by the Ministry of Finance. The deficit was largely driven by a decline in auto exports to the United States, the data showed. Last month, Japans total exports fell 1.7 percent year-on-year to 8.135 trillion yen. Exports to the U.S. dropped by 11.1 percent, also the second consecutive [] The post Japan p

Excelsior Correspondent JAMMU, June 12: This year the koda Auto worldwide is celebrating 130 years of rich history and 25 exciting years in India. koda Auto India has outlined a slew of key brand, product, network and customer-centric initiatives to drive momentum in the Indian market. Speaking at the occasion, Ashish Gupta, brand director, koda Auto India, said, India is the most important growth market for koda Auto outside Europe. We are focused on building a strong, future-ready brand with [

Excelsior Correspondent JAMMU, June 10: Fairdeal Auto Motors today launched the all-new Tata Altroz, at its Akhnoor Road showroom in Jammu. The unveiling was graciously conducted by Bhagwan Das Gandotra, in the esteemed presence of managing director Saleem Bakshi, along with Rohit Gandotra, Farhan Bakshi, Mohit Gandotra and Ritvik Gandotra. Speaking at the launch, general manager Akash Haryal said, With its bold 3D front grille, Luminate LED headlamps and Infinity-connected LED tail lamps, the A

BRESCIA (Italy), June 6: India and Italy have agreed to increase cooperation in areas such as manufacturing, auto, aerospace, energy transition, migration and mobility, an official statement said on Friday. These issues were discussed during the meetings between Commerce and Industry Minister Piyush Goyal and Italys Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Antonio Tajani, here. Brescia is Italys manufacturing hub. India and Italy agreed to prioritise co

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

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