Heavy Reliance on China for Critical Minerals
India’s push towards electric vehicles (EVs) and advanced automotive manufacturing is colliding with a stark reality: a heavy dependence on China for rare earth elements (REEs) – especially the neodymium, praseodymium, and dysprosium used in high-performance magnets. These rare earth magnets are the tiny backbone of EV motors, as well as many conventional car components […]
Indian Automotive Market update : May 2025
Indian Automotive Industry: Navigating a steady path amid diverging segment trends (May 2025) India’s automotive sector continues to chart a resilient path through FY2025–26, underpinned by a stable macroeconomic foundation and supportive policy signals. GDP growth is expected to hover around 6.5%, inflation has moderated to 2.8%, and record-high GST collections signal sustained economic activity. […]
Indian Automotive Market update : April 2025
India’s automotive industry began FY2026 on a cautiously optimistic note. While total vehicle production (excluding two-wheelers) grew by 10% year-on-year, supported by robust performances in the passenger car and tractor segments, the two-wheeler segment saw a 5% dip due to inventory correction and a high base effect. The passenger car market continued to be buoyed […]
Automotive Market Update – March 2025
Please download the report from below link Indian_Automotive_Market_update_03.2025
Karnataka Clean Mobility Policy 2025-30: Driving the Future of Sustainable Transport
Introduction Karnataka has taken a bold step toward sustainable and clean mobility with the launch of the Karnataka Clean Mobility Policy 2025-30. This policy aims to position the state as the #1 hub in Asia for clean mobility, attracting investments, fostering innovation, and accelerating the transition to electric, hydrogen, and fuel-cell vehicles. With ₹50,000 crore […]
Budget 2025: Key Impacts on the Automobile Industry
The Indian Budget 2025 has brought notable policy measures that will shape the future of the automobile industry. With a strong emphasis on domestic manufacturing and electric vehicle (EV) adoption. Here are the key takeaways from this year’s budget for the automobile sector. Boost for Electric Vehicles & Clean Mobility Incentives for EV Battery Manufacturing […]
India’s Electric Car Market in 2024: Slow Growth, Limited Choices, and Emerging Competition
India’s Electric Car Market in 2024: Slow Growth, Limited Choices, and Emerging Competition Despite the global push towards electrification, India’s electric car segment struggled to gain momentum in 2024, accounting for only ~2% of total car sales. This slow adoption reflects key challenges, including limited model availability, inadequate charging infrastructure, and consumer hesitation in transitioning […]
Indian Automotive Market 2024: A Mixed Year
The Indian Automotive Market’s Performance India’s automotive sector, a powerhouse of the economy, has surged ahead to become the third-largest automobile market globally. This dynamic industry, contributing over $200 billion to the economy and accounting for 7.1% of the GDP, is a vital engine of growth, providing employment to more than 40 million people both […]