India’s auto component industry recorded ₹3.32 lakh crore turnover in H1 FY2024-25, growing 11.3 per cent year-on-year, with strong contributions from OEM supplies, exports, and the aftermarket
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Inventory levels have reduced by about 10 days, but to remain high at around 65-68 days
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As India aims to be a future hub for electric vehicles, the skilling initiatives will play a critical role in meeting the industry's rapidly evolving needs
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The Indian automotive industry is undergoing a major shift towards electrification, challenging traditional automakers and reshaping long-term strategies for sustainable mobility
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As the number of high-net-worth individuals rises and preferences shift towards top-end models and electric vehicles, India’s luxury car market is evolving rapidly.
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Production will begin in a phased manner and progressively increase to reach this capacity over the next 5-7 years
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Minister Athawale praised the plan, expressing support for electric vehicle initiatives that would provide sustainable livelihoods and employment for marginalised groups
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As electric vehicles (EVs) gain traction, challenges in infrastructure and battery supply loom large
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Company's domestic business witnessed 0.2 per cent YoY growth and 12.5 per cent MoM growth
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The upward revision in industry volume estimates for FY'2025 stems from better-than-expected offtake in Q1 FY2025 and anticipation of a continued uptick in demand in H2 FY2025
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