automobile industry News

Major GST Overhaul: Discover Which Products Get Cheaper and Which Face Higher Taxes

India's GST Council introduces simplified two-rate tax structure (5% and 18%) effective September 22. Major winners include automobiles, consumer goods, and essential items with re...

KIET Forecasts 1.9% Drop in Korea's Exports Due to New 15% U.S. Tariff Impact

KIET predicts a 1.9% drop in Korea's exports due to new U.S. tariffs, with significant impacts on automobiles and machinery sectors. Despite the challenges, potential shifts in the...

Maruti Suzuki Pauses Expansion Plans: A Sign of India's Slowing Car Market?

Maruti Suzuki delays its new Gujarat plant due to slow car sales growth, reflecting broader industry concerns. The company calls for government support to create an affordable car ...

South Korea Unveils Massive 3 Trillion Won Aid to Shield Auto and Tech Industries from U.S. Tariffs

South Korea announces a 3 trillion won financial aid package to protect its auto and tech industries from U.S. tariffs, with a focus on emergency support for the automobile sector ...

Mexico Unveils Strategic Measures to Shield Auto, Aluminum, and Steel Industries from US Tariffs

Mexican President Claudia Sheinbaum announces protective measures for the auto, aluminum, and steel sectors against US tariffs, aiming for energy independence and industrial growth...

US Stock Market Dips as New Tariffs Spark Concerns Over Auto Industry Impact

U.S. stock markets opened lower due to concerns over new tariffs on foreign auto businesses, despite positive GDP revisions. Key indexes and stocks, including Dow Jones and General...

India Aims to Lead Global Automobile Industry Within Five Years, Says Minister Gadkari

Union Minister Nitin Gadkari predicts India will lead the global automobile industry within five years, highlighting its significant job creation and economic impact. The industry ...