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Fortune India

Fortune India. Business news and strategy from Fortune India magazine, the leading source for finance and corporate insight. Home of Fortune India 500, The Next 500, Most Powerful Women, and 40 under 40

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News


fortuneindia.com > amp > story > economy > eu-to-allow-2-5-lakh-indian-cars-at-concessional-duty-under-fta-quota-to-reach-4-lakh-in-10-years > 159019

EU to allow 2.5 lakh Indian cars at concessional duty under FTA; quota to reach 4 lakh in 10 years

23+ hour, 43+ min ago   (529+ words) Under the India-EU FTA, concessional duty on Indian cars will fall to zero by the fifth year, while the annual quota will rise to 4 lakh vehicles by the 10th year New Delhi, Sep 13 (PTI) The European Union will allow 2.5 lakh Indian-made…...


fortuneindia.com > auto > indias-ev-transition-shifts-gears-as-31500-chargers-are-added-87-consumers-more-likely-to-consider-evs-study > 158459

India’s EV transition shifts gears as 31,500 chargers are added; 87% consumers more likely to consider EVs: Study

4+ day, 13+ hour ago   (398+ words) The latest edition of the index also found that the addition of 31,500-plus public chargers represents more than a fourfold increase in annual deployments compared with the previous cycle. Total charging power capacity increased by 1.65 GW, while average charger power…...


fortuneindia.com > auto > alternative-fuels-overtake-petrol-in-indias-pv-retail-market-in-august-for-first-time-maruti-leads-cng-tata-tops-evs-fada > 157992

Alternative fuels overtake petrol in India’s PV retail market in August for first time; Maruti leads CNG, Tata tops EVs: FADA

6+ day, 13+ hour ago   (485+ words) CNG remained the biggest contributor to the alternative-fuel basket, with a 25.28% share of PV retail, followed by hybrids at 9.04% and electric vehicles at 7.63%. Diesel accounted for 17.21%. While petrol remained the largest individual fuel category, its lead over the combined alternative-fuel…...


fortuneindia.com > auto > bmw-i5-lwb-launched-in-india-at-7960-lakh-locally-made-electric-luxury-sedan-begins-deliveries > 157816

BMW i5 LWB launched in India at ₹79.60 lakh; locally made electric luxury sedan begins deliveries

1+ week, 10+ hour ago   (437+ words) Nearly 15 days after opening bookings, BMW India has launched the i5 Long Wheelbase (LWB) in the country at an introductory price of ₹79.60 lakh (ex-showroom), with deliveries of the locally produced electric sedan beginning immediately. The i5 LWB is manufactured at BMW Group’s…...


fortuneindia.com > auto > pv-retail-sales-cross-4-lakh-units-for-first-time-in-august-overall-auto-sales-hit-record-2423-lakh-units-fada > 157759

PV retail sales cross 4 lakh units for first time in August; overall auto sales hit record 24.23 lakh units: FADA

1+ week, 15+ hour ago   (579+ words) Passenger Vehicle (PV) retail sales crossed the 4-lakh mark for the first time in August, rising 16.14% year-on-year to 4,02,398 units, as India’s automobile retail market posted its best-ever August with total sales of 24,23,201 units. Overall vehicle retail sales grew 17.51% from a…...


fortuneindia.com > auto > hyundai-motor-india-expects-30-pc-sales-to-come-from-rural-markets-in-3-4-years-md-ceo > 157706

Hyundai India sees eightfold jump in EV share to 7-8% next fiscal: MD & CEO Tarun Garg

1+ week, 1+ day ago   (723+ words) Hyundai Motor India Limited (HMIL)expects an eight-fold increase in its electric vehicle (EV) sales contribution to 7-8 per cent next fiscal, while betting on rural markets and new SUV launches to drive growth amid an expected moderation in the overall…...


fortuneindia.com > auto > cleaner-vehicle-sales-rise-to-32-in-india-as-ev-hybrid-cng-adoption-accelerates-maruti-suzuki-md-hisashi-takeuchi > 157304

Cleaner vehicle sales rise to 32% in India as EV, hybrid, CNG adoption accelerates: Maruti Suzuki MD Hisashi Takeuchi

1+ week, 4+ day ago   (307+ words) The share of cleaner vehicle technologies in India’s automobile sales has risen to 32% this year from about 27% a year earlier, signalling a broadening shift towards electric vehicles, hybrids and CNG, Maruti Suzuki MD & CEO Hisashi Takeuchi said on Thursday. Speaking…...


fortuneindia.com > business-news > pm-modi-pushes-indias-auto-industry-to-go-global-leverage-ftas-and-manufacturing-reforms-for-next-growth-phase > 157263

PM Modi pushes India’s auto industry to go global, leverage FTAs and manufacturing reforms for next growth phase

1+ week, 4+ day ago   (372+ words) Prime Minister Narendra Modi has urged India’s automobile industry to use the country’s expanding infrastructure, manufacturing ecosystem and growing access to overseas markets to accelerate its global expansion, as the sector enters a new phase of technology-led and cleaner mobility....


fortuneindia.com > auto > global-supply-chains-are-shifting-india-must-seize-the-opportunity-to-localise-advanced-auto-tech-maruti-suzuki-md-ceo-hisashi-takeuchi > 157035

Global supply chains shifting; India must localise advanced auto tech: Maruti Suzuki MD Hisashi Takeuchi

1+ week, 5+ day ago   (718+ words) India has a significant opportunity to capture a larger share of global automotive supply chains as manufacturers increasingly weigh reliability and continuity alongside cost, Maruti Suzuki MD & CEO Hisashi Takeuchi said on Wednesday, urging the industry to use the changing…...


fortuneindia.com > auto > chinas-curb-on-rare-earth-minerals-puts-indias-electric-vehicle-ambitions-to-the-test-in-2025-acma > 157099

India’s EV ambitions hit China's rare earth roadblock; supply chain risks extend to batteries: ACMA

1+ week, 5+ day ago   (467+ words) China’s export controls on rare-earth magnets, graphite and other critical minerals exposed the vulnerability of India’s electric-vehicle supply chain in 2025, disrupting production plans and pushing up input costs for manufacturers. According to a latest report by the Automotive Component Manufacturers…...