Page 20 - Auto Sector News Today

Modi Address In SIAM: With India eyeing a shift towards clean mobility, the central government has also introduced schemes such as PLI (Production Linked Incentives) and the FAME (Faster Adoption and Manufacturing of (Hybrid) & Electric Vehicles). In fact, Union Minister of Heavy Industries, Mahendra Nath Pandey, today announced that the PLI scheme has been extended by one year.

Policy & Industry News: During the 63rd SIAM Annual Convention, Prime Minister Narendra Modi's message highlighted the importance of the Indian automobile industry, stating t

Car sales in Pakistan witnessed an increase of 49% on a month-on-month (MoM) basis in August 2023, clocking in at...

KARACHI: The financial year 2023 has brought significant challenges to Pakistan’s automotive industry, with...

LAHORE: Chief Executive Indus Motor Company (IMC), Ali Asghar Jamali has lamented that total used car imports have...

A look at the Nifty Auto indexs performance over the past one year suggests that it has done better than Nifty50 and also outperformed Nifty IT, Nifty Bank, Nifty FMCG, Nifty Metal and Nifty Media during this period while underperforming Nifty Pharma and Nifty Realty.

Auto sector performs well in 2023 with Nifty Auto index up 24% YTD. Lower input costs and price hikes drive margin expansion. PV/2W/CV segments show growth in FY23. PV industry expected to grow 5-7% in FY24

Feeling the pinch of aggravating economic conditions, Pak Suzuki Motor Company (PSMC) and parts-maker Agriauto...

KARACHI: Indus Motor Company, the maker of Toyota-brand vehicles in Pakistan, is betting on its upcoming hybrid car,...

The average quantity of aluminium used per vehicle in India remains significantly lower (~40-45kg) compared to the global average of ~160-200 kg. ICRA believes that focus on vehicular weight reduction to improve fuel efficiency would entail a higher per unit usage of aluminium, going forward. Further, a significant transition to electric vehicles in the coming decade would also aid domestic aluminium demand in the long term. The extensive infrastructure development plans of the Union Government ...