Top Indian Automobile Industry News & Updates - 15 Jan 2025,Wednesday

🏢 Industry

Nitin Gadkari announces increase in reward for those helping accident victims
Union Minister of Road, Transport, & Highways, Nitin Gadkari, has announced an increase in the reward for those who help out victims in a road accident. As per recent developments, the government will increase the reward for “Good Samaritans” helping accident victims by five times to Rs 25,000. Currently the reward for good samaritans is only Rs 5,000.
Bharat Mobility Global Expo 2025: Dates, venues, key launches and everything we know so far
The Indian automobile industry is gearing up for the Bharat Mobility Global Expo 2025, set to be the largest automotive event in the country in recent times. Bringing together a diverse array of automotive sectors, the expo will feature events such as the Auto Expo, Tyre Show, Battery Show, Mobility Tech, Steel Innovation, and the India Cycle Show.
Auto industry grows 3.1% in Q3 FY25, driven by two-wheelers and passenger vehicles: SIAM
The Indian auto industry observed a growth of 3.1% in Q3 of FY25, according to the Society of Indian Automobile Manufacturers (SIAM) report. The sector has performed well, supported by the country's macroeconomic stability, which propelled reasonable growth across vehicle segments.
2025 to be year of electric vehicles: 64% of consumers likely to choose EV as their next vehicle
Mumbai: 64 per cent of consumers are likely or very likely to choose an electric vehicle (EV) for their next purchase, marking a significant milestone in the shift towards sustainable transportation, according to the Tata Consultancy Services (TCS) Future-Ready eMobility Study 2025, launched at the Detroit Auto Show.
Rupee slide to hit margins of EV players
Major electric vehicle manufacturers like Tata Motors, Mahindra & Mahindra, Ola Electric, Eicher Motors, TVS Motor Company, and Bajaj Auto, face mounting margin pressures with the depreciating rupee inflating their input cost.
Hyundai's slow EV ramp-up in India hurts its decarbonisation efforts, Greenpeace says
A slow ramp-up of electric vehicle sales for Hyundai and its affiliate Kia in India and increased sales of gasoline-engine SUVs are undermining their decarbonisation efforts, Greenpeace East Asia said on Tuesday.
Positive consumer sentiments drive automobile dispatches up 12% in 2024: SIAM
Automobile dispatches grow 12% in 2024 driven by consumer sentiment: Siam
Business Standard
Auto industry witnesses 11.6% YoY increase in domestic sales in CY 2024: SIAM

New Delhi:  Demonstrating resilience and growth, the domestic automobile sales recorded a surge of 11.6 per cent, standing at over 2.54 crore units in calandar year (CY) 2024, compared to about 2.28 crore, as per the data released by
Society of Indian Automobile Manufacturers (SIAM) on Tuesday.
Passenger vehicle dispatches hit record 4.3 million units in 2024
 
📝  Chinese cos face capital (equipment) punishment
📝  From April, auto cos to recycle 8% of steel used 20 years ago
📝  Bharat Mobility Global Expo 2025: After 5 years, MEA gives in-principle no-objection to participation of executives from China
📝  High subsidies yet to fuel India's EV story
Read More >>

🚗 ICE Car/SUV

Renault plans product blitzkrieg in India over next 18 months
The capacity at the Chennai plant, which is home to the Renault-Nissan alliance, is being used only to the tune of 45-50% and the new products are intended to boost this to 70%. This will ensure greater viability of operations unlike today where barely half the facility is used. “From Renault’s point of view, it is also important to send out the right signal of its India intent especially at a time when its global ally, Nissan, has been struggling and is now looking at a merger with Honda,” added the official.
Tata Punch price hike by up to Rs 17,000
Tata Motors has delivered a knockout blow to Maruti Suzuki, breaking its 40-year streak of producing the country’s highest-selling vehicle. The Punch has now achieved the impossible, but it comes with a catch – a price hike of up to Rs 17,000, depending on the trim. The Punch joins the Tiago, Tiago EV, Tigor, and Nexon in the list of Tata models to receive a price increase.
Third-gen Renault Duster all-wheel drive global debut this year
Renault bringing back the Duster to India was one of the biggest developments last year. Earlier supposed to launch in 2025, it recently came to light that the launch of the third-gen Duster in India has been postponed to 2026. The third-gen Duster broke cover in late 2023 before the mid-size SUV went on sale in European markets in the first half of 2024.
Maruti Suzuki Eeco celebrates 15 years in India with 1.2 million sales
Maruti Suzuki India Limited (MSIL) celebrated 15 years of the Eeco van in India. The company announced the milestone, highlighting the vehicle's popularity with over 1.2 million customers since its 2010 launch. The Eeco caters to both families and businesses, offering various configurations and fuel options.
Hyundai to showcase advanced mobility solutions at Bharat Mobility Global Expo 2025
Hyundai Motor India Limited (HMIL) will showcase its future mobility solutions and technologies at the Bharat Mobility Global Expo 2025 in New Delhi. The expo will take place at Bharat Mandapam from January 17th, 2025, onwards. HMIL's pavilion will feature the debut of the Hyundai Creta Electric, along with displays of alternate fuel vehicles, localised parts, and interactive experiences. The company aims to highlight its commitment to sustainable mobility and the "Progress for Humanity" brand vision.
Car makers slam the brakes on discounts
Cars and sports utility vehicles (SUVs) manufactured in January have seen a reduction of up to 60% in discounts compared to the December models as industry-wide inventory has shrunk to an 11-month low, allowing dealers to recalibrate their stock levels. The drop in the offers is a result of buyer tendency to prefer units made in the New Year as this significantly influences the resale value of the vehicle.
Big changes ahead for Indian carmakers on recycling steel
Car makers in India will soon be required to recycle a portion of the steel used in their vehicles, according to new government regulations. Starting in April, manufacturers must recycle at least 8% of the steel used in cars sold in 2005-06, ToI reported. This requirement, part of the Extended Producer Responsibility (EPR) norm, will gradually increase to 18% by 2035-36.
MG Windsor, India's Latest Buzz in EVs, Crowned Green Car of the Year at ICOTY 2025

Gurugram:  JSW MG Motor India is proud to announce that the MG Windsor, India's first Intelligent CUV, has been awarded the prestigious Green Car Award at the Indian Car of the Year (ICOTY) Awards 2025, held at Aerocity, New Delhi, on January 10, 2025.
Tata Motors, Hyundai launch new variants of old cars in Jan to boost sales
“January is typically a slow month for dealerships, as the first 15 days remain muted as the excitement of year-end offers fades,” CS Vigneshwar, President of the Federation of Automobile Dealers Associations (FADA) said.
📝  SUVs drive growth: Carmakers record highest ever yearly sales of 4.27 mn units in 2024
📝  2025 Tata Tigor updated with enhanced features: Can it challenge Maruti Suzuki Dzire?
📝  Renault Kwid, Kiger and Triber get massive discounts. Here's how much you can save
📝  Tata Punch, India's bestselling car in 2024 becomes dearer with a price hike. Now starts at…
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Electric Car/SUV

📝  Mahindra partners with Krafton India; Here's how you can win a Mahindra BE 6 by playing BGMI
📝  Bharat Mobility Expo 2025: Tata Motors likely to showcase Sierra EV and Harrier EV SUVs
📝  Bharat Mobility Global Expo 2025: VinFast VF 7, VF 9 and VF 3 to debut soon. Check range, specs and features
Read More >>

🚗 Luxury

Angel One chairman revs his garage with McLaren: Here’s what else he drives
Meet Dinesh Thakkar, the Chairman and Managing Director of Angel One, and his collection of supercars, including his latest addition – the McLaren 750S Spider. What makes this McLaren even more special is that it’s part of the 60th Anniversary Edition, with only 60 units produced worldwide. Thakkar is also known for owning one of the most exotic supercar collections in India. Let’s take a look at his latest prized possession and what else is tucked away in his impressive garage.
Jaguar Land Rover, Tata Communications collaborates to enhance connected vehicle technologies
JLR's future plans
📝  Rolls Royce to Mercedes: The swanky side and luxury rides of Sadhus at Maha Kumbh 2025
📝  Actor Madhuri Dixit brings home the Ferrari 296 GTS supercar worth over ₹6 crore
📝  Yohan Poonawalla buys India's most expensive car. Check out the price
Read More >>

🎤 Interviews & Features

2025 Global Automotive Consumer Study: EV inertia returns as hybrid popularity grows
In the 10-minute Audio Interview, Ms. Walker discusses these questions:
PV sales pace slowest in 4 yrs

Mumbai:  The growth in despatches of car and sports utility vehicles (SUVs) in 2024 was the slowest in four years as retail demand struggled to match the pace of previous years marred by high inflation and increased vehicle acquisition cost. Passenger vehicle sales grew by 4.2% to scale a new record of 4.27 million units,according to the industry lobby body the Society of Indian Automobile Manufacturers (SIAM). While passenger car volumes fell 14% to 1.37 million, utility vehicles (comprising mainly SUVs) grew by 17% to 2.74 million. The low base of last year helped the PVsegment post the best growth in a month in 9 months in December though manufacturers lowered supplies sequentially so as to avoid over-supply of stock to dealers.

For the first time in December, PV despatches to dealers crossed the 300,000 lakh mark to close at 314,934 units,a rise of 10%year-on-year. While the industry was on festive cheer combined with offers in the previous months, there was a significant spike in discounts during December as carmakers and their dealer partners face the uphill task of liquidating more than two months of inventory. Despite efforts to reduce stock and carry as minimal stock into January as possible, ,there was net addition to the inventory by the PV players during December since retail sales stood under 294,000, as per data shared by the Federation of Automobile Dealers Association. The two-wheeler segment posted its biggest fall in a month in December in several months as companies chose to reduce inventory at dealer-ships and stockyards. The segment clocked a 9% y-o-y fall in volumes to 1.1 million units in December. The two-wheeler segment closed 2024 with a growth of 15%at 19.54 million. This growth was led by the rural segment which accounted for more than 50% of the volume. 
A designer’s view of a car as a digital product : Martin Uhlarik, Global design head of Tata Motors

Good design is all about ease of use, whether one is designing spaces, clothes, appliances or cars. For Martin Uhlarik, global design head of Tata Motors, understanding who is going to use his products is fundamental to his design philosophy. After a recent walk around London for a design immersion experience and a visit to the state-of-the-art Tata Motors Design Tech Centre in Warwick, UK, Uhlarik explained how he and his team draw inspiration from trends in fashion, electronics, and even the way people use public spaces.

Could you explain how designers draw inspiration from the world and how it translates to the final product?
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🏍 EV/ICE Two Wheelers

Hero Destini 125 launched at Rs 80,450: What’s new?
Hero MotoCorp has unveiled the updated 2025 Destini 125 ahead of the Bharat Mobility Global Expo 2025. Priced from Rs 80,450, ex-showroom Delhi, the updated Destini 125 is available in three variants. Along with design tweaks, it comes with new hardware, upgraded features, and what Hero claims to be class-leading mileage. Here’s everything you need to know about the 2025 Destini.
Bajaj joins hands with Indian Armed Forces for Dare Square rally
Bajaj Auto has joined hands with the Indian Armed Forces for a 13-day joint rally from Visakhapatnam to Ayodhya called Dare2 (Dare Square). Armed with the flagship Pulsar –  the NS400Z, 1500 riders from the Indian Navy will traverse 1600 km from Visakhapatnam to Ayodhya.
📝  2025 Honda Dio 110 launched with OBD-2B compliance, prices start at ₹74,930
📝  Honda CB650R and CBR650R teased, will launch soon
📝  Aprilia RS 457 gets price hike of ₹10,000, now priced at ₹4.20 lakh
📝  KTM 250 Duke discount extended till 31st Jan, is priced at ₹2.25 lakh
📝  Aprilia India confirms launch date for Tuono 457: What to expect
Read More >>

⚙ Components

Asia set to shape future of mobility and drive business growth: SEG Global CEO
New Delhi: SEG Automotive, a leading supplier of automotive components such as starter motors and mild hybrid systems, anticipates Asia playing a pivotal role in shaping the future of mobility and driving its business forward.
📝  Apollo said to weigh Tenneco India IPO at $2 billion valuation
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🌢 Fuels, Lubricants

Despite tensions, Bangladesh to continue to import diesel from India
Amid tensions between India and Bangladesh over border issues, Bangladesh Petroleum Corporation (BPC) has decided to import 130,000 metric tonnes of diesel from India's Numaligarh Refinery Ltd (NRL). A decision in this regard was approved at the BPC board of directors meeting on Sunday, reports Ahsan Tasnim.
US ban on Russian oil may not have instant impact
 
📝  Oil prices remain near four-month highs as markets weigh Russia sanctions impact
📝  Crude hits 5-month high on Russia curbs
Read More >>

🌍 Emissions/Environment

📝  'If all vehicles go green, city's per capita health cost to reduce by 16.7%'
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💸 Finance & Insurance

Vehicle finance AUM in India to touch INR 9.4 lakh cr through FY26, used vehicles' sale to surge
The vehicle finance assets under management (AUM) in India is expected to touch INR 9.4 lakh crore through next fiscal (FY26) with a compound annual growth rate (CAGR) of 15-16% for this fiscal and next, according to a report on Tuesday.
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📖 Magazines

Renault Kiger EV, Triber EV India launch in FY2027
With its annual volumes declining significantly and market share falling below 1 percent in India, French carmaker Renault is working overtime to deliver a new range of SUVs and compact electric utility vehicles that will help it gain some ground in an increasingly competitive landscape.
Tata Punch sales cross 5 lakh unit milestone
The Tata Punch has hit the 5 lakh sales mark in just over three years since its launch in October 2021. This feat comes after the Punch became India’s bestselling car in 2024, surpassing even the Maruti Wagon R and Hyundai Creta. 
Skoda Elroq, Vision 7S concept to make India debut at Auto Expo 2025
The Skoda Elroq midsize electric SUV will be displayed at the Auto Expo 2025, and the Vision S SUV concept will be present, too, joining other models such as the latest-gen Superb, the new Kodiaq and Octavia RS at Skoda’s pavilion.
Maruti Eeco completes 15 years, sells 1.2 million units
The Maruti Suzuki Eeco just turned 15, and the brand says it has sold over 1.2 million units of the van since its launch. It has consistently been a strong seller for Maruti, averaging 11,391 units per month in the last calendar year. For context, that’s more than most compact and midsize SUVs. Currently, Maruti Eeco prices range from Rs 5.32 lakh to Rs 6.58 lakh (ex-showroom) for the passenger vehicle versions.
2025 Formula Bharat to be held from January 22-27
The 2025 Formula Bharat Student competition will be held from January 22-27 at the Kari Motor Speedway in Coimbatore. The ninth edition will see 23 Combustion Teams and 34 Electric Teams from India, Nepal, and Bangladesh competing for the top spot. In 2024, Vishwaracers from Vishwakarma Institute of Information Technology (Pune) triumphed in the CV (combustion vehicle) category, while IIT Bombay Racing from the Indian Institute of Technology (Mumbai) were crowned champions in the EV (electric vehicle) category. 
Bikes, scooters confirmed for Auto Expo 2025
The 2025 edition of the Bharat Mobility Global Expo is just a couple of days away, and we bring you the complete list of all the confirmed motorcycles and scooters, both petrol and electric, which will be at the show.
Maruti lines up 9 new SUVs, MPVs for launch by 2028
Tata Motors recently overtook Maruti Suzuki as the maker of India’s No.1 car last year. Maruti lost this position due to a surge in SUV sales, and it now plans to remedy that by launching over half a dozen utility vehicles (UVs) in the next three years. Over the next five years, the company’s portfolio may see 10 new models, including upgrades to its existing line-up.
New Hero Destini 125 launched, prices start at Rs 80,450
Remember the new Hero Destini 125? Yes, the one we rode almost six months ago. Well, Hero has finally launched the scooter, with prices starting at Rs 80,450 for the base VX variant. The Destini is available in three variants, and Hero claims a 59kpl mileage figure for the model. 
Porsche Macan EV, Taycan facelift, 911 GTS to be showcased at Auto Expo 2025
Porsche will display quite an expansive line-up at the Auto Expo 2025 comprising both ICE and electric vehicles. Some will from its existing lineup of cars in India, while some others will be showcased here for the first time. Notably, Porsche will be the only sportscar manufacturer at the Auto Expo. Let’s take a closer look at what to expect at the German carmaker’s pavilion.
Kia Carnival Hi Limousine to make India debut at Auto Expo 2025
Kia India will bring the Carnival Hi Limousine, based on the recently launched Carnival, to the Auto Expo 2025. The Carnival Hi Limousine has a luxurious seating layout replete with a high-roof setup aimed at chauffeur-driven customers. 
Jaguar’s rebranding exercise sparks internal backlash
It’s been a month since Jaguar’s bold attempt to reinvent itself as a purveyor of “modern luxury” under the Panthera rebranding project, which ignited widespread criticism. The controversial campaign debuted with a teaser ad featuring brightly dressed models but no cars and was described by Jaguar’s managing director, Rawdon Glover, as “bold and disruptive”. However, internal opinions tell a different story.
Toyota Land Cruiser Prado, two Lexus concepts to be showcased at Auto Expo 2025
At the upcoming Auto Expo 2025, Toyota will showcase the much-anticipated Land Cruiser Prado, which is set to launch in India later this year. Meanwhile, Toyota's luxury arm, Lexus, will display two eye-catching concepts. Let’s take a closer look at what to expect from these Japanese carmakers.
Ampere Magnus Neo launched at Rs 79,999
Ampere has launched a new Neo variant of the Magnus electric scooter at Rs 79,999 (ex-showroom, Delhi). The Magnus Neo replaces the existing EX variant of the scooter in Ampere’s line-up.
Honda CBR650R India launch soon
Honda is planning to relaunch the popular CBR650R sportbike in India soon. According to our sources, the fully-faired, middleweight, inline-four sportbike should be making a return to our shores in the coming weeks. 
Read More >>

📰 International

Volkswagen sales drop in tough year at home and in China
Volkswagen's unit sales fell by 2.3% in 2024 to just over nine million vehicles, the carmaker reported on Tuesday, after a challenging year in its two key markets of Germany and China.
Central Europe's banks can withstand car sector turmoil, says S&P
Turmoil in Europe's car sector could hit the central European economy and hurt banks' asset quality, S&P Global said on Tuesday, although it added that lenders were strong enough to withstand stress in their automotive portfolios.
Russia is just themarket Chinese Automakers need
Russia’s current standing in the international community — from economic pariah to massive supplier of fossil fuels — seems perfectly suited to the predicament faced by traditional Chinese automakers. In fact, sanctions against Moscow are likely the single largest driver of vehicle exports from its neighbor since the invasion of Ukraine began more than two years ago.
Biden administration finalises US crackdown on Chinese vehicles
President Joe Biden's outgoing administration is finalising rules on Tuesday that will effectively bar nearly all Chinese cars and trucks from the U.S. market, as part of a crackdown on vehicle software and hardware from China.
Struggling Northvolt sells remaining stake in battery recycler to Hydro
Norsk Hydro became the sole owner of battery recycler Hydrovolt on Monday after the Norwegian aluminium maker agreed to buy the remaining shares from ailing Swedish battery maker Northvolt for 78 million Norwegian crowns (USD 6.79 million).
German truckmakers report drop in 2024 sales on weak European demand
German truck makers Daimler Truck and Traton reported on Tuesday declining 2024 sales mainly due to tepid demand in Europe, in particular in their home country Germany.
📝  Amazon orders 200 new electric heavy trucks from Daimler for Germany, UK
📝  BMW's car sales fell 4% in 2024 owing to brake fault recall, China slump
📝  Global electric vehicle sales up 25% in record 2024
📝  German premium carmakers' sales battered in China and Germany amid slowdown
📝  Volkswagen deliveries drop globally amid sales slump in China and EVs struggle
📝  Toyota's safety scandal is a nothingburger. Here's why
📝  BMW sales slide after brake fault recall, China demand slump
Read More >>


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