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GST Reforms and Festive Demand Fuel Auto Sales in India: ICRA

The Indian automobile industry saw strong growth in October 2025, with GST 2.0 reforms, festive demand, and rising rural offtake driving a sharp surge in retail sales across the CV and two-wheeler segments.Read more

Indian Automobile Industry valued at $108 bn in 2022-23: Primus Partners

The automobile industry produced value of Rs 8.7 lakh crore in 2022-23 and India produced 2.7 crore vehicles and is 3rd in passenger vehicles and 1st in 2 wheelers globally. Read more

Rising input cost posing challenge to forging industry

The first half of the year was the most difficult for most forging companies, particularly those in the small and medium segment (SMEs), which are expected to witness a 50% decline in production in FY23, writes Association of Indian Forging Industry (AIFI). Read more

Forging and component units to see 60% decline due to EV push: AIFI

While petrol/diesel run internal combustion engine (ICE) in automobiles contain around 2,000 moving parts, electric vehicles have only 20. Thus, rising in EV consumption will have negative impact on component & forging industries.Read more

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