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Indian auto exports decline 21% in 2023, passenger vehicles buck trend with 5% growth

This downturn was attributed to monetary and geopolitical crises in various overseas markets. The overall exports totalled 42,85,809 units in the last year, down from 52,04,966 units in 2022.Read more

Gujarat's auto sector accelerates, leading Charge in e-Mobility with global investments

Scheduled from January 10 to 12, 2024, in Gandhinagar, the 10th edition of the Vibrant Gujarat Global Summit serves as a biennial platform for businesses and governments to explore investment opportunities and foster partnerships.Read more

Maruti Suzuki's Gujarat plant hits 3 mn production milestone, fastest in firm’s history

Maruti's board of directors recently granted approval for the acquisition of SMG from SMC, with a total purchase consideration amounting to Rs 12,841.1 crore. As a result, the largest carmaker in the country now holds ownership of SMG.Read more

Indian govt considers exempting key EV components from localisation norms

However, this new consideration is met with opposition from local players such as Mahindra & Mahindra and Tata Motors, as well as foreign companies with decades-long operations in India.Read more

Mandal Becharaji SIR transforms into Auto Manufacturing Hub in Gujarat

Spanning 102 square kilometers, the region includes nine villages: Hansalpur, Sitapur, Ughroj, Ughrojpura, Bhagapura, Gitapur, Ukardi, Chandanaki, and Shihore.Read more

Maruti Suzuki adapts production strategies for shifting market demands

The automaker, the largest in the country, is focusing on bolstering the production of high-demand utility vehicles while scaling back the production of entry-level cars.Read more

Maruti Suzuki targets record exports and expands electric portfolio

Maruti Suzuki plans to gradually expand its range of vehicles running on alternative fuels. To achieve this, the company intends to incorporate hybrid or electric vehicles into its export offerings.Read more

Maruti Suzuki unveils Rs 1.25 trn expansion plan, aims 40L units production capacity by 2030-31

The company revealed its intention to expand its current product range from 17 models to 28, a move set to require substantial investment.Read more

Indian Auto sees surge in apprentice recruitment with PLI expansion

The report, courtesy of TeamLease Degree Apprenticeship, anticipates a noteworthy increase of 70-80% in apprentice hiring.Read more

August sets new record for domestic passenger vehicle sales in India

Utility vehicles like Brezza, Grand Vitara, Jimny, Ertiga, and XL6 experienced a substantial two-fold increase with sales surging from 26,932 units in August of the previous year to 58,746 units.Read more

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