Industry News

Auto retail in full throttle: 2023 records impressive 11% YoY surge

The vehicle retail data for Dec’23 and CY’23 released by the Federation of Automobile Dealers Associations (FADA) indicates that December 2023 witnessed a 21% YoY growth in auto retail. All categories reported positive growth: 2W by 28%, 3W by 36%, PV by 3%, Tractors (Trac) by 0.2%, and Commercial Vehicles (CV) by 1.3%. CY’23 Auto […]

Industry News

“India is now on the threshold of becoming a global economic powerhouse, with the auto and automotive component industry playing a significant role” – Prime Minister

The Prime Minister, Shri Narendra Modi addressed a program at India’s largest and first-of-its-kind mobility exhibition – Bharat Mobility Global Expo 2024 at Bharat Mandapam, New Delhi today. He also took a walkthrough of the Expo. Bharat Mobility Global Expo 2024 showcases India’s capabilities across mobility and automotive value chains and will feature exhibitions, conferences, […]

Industry News

Sustainable Mobility takes center stage at SIAM’s 63rd Annual Convention

Society of Indian Automobile Manufacturers (SIAM), the apex body representing leading automobile manufacturers of the country, commemorated its 63rd Annual Convention deliberating on the way ahead for Sustainable Mobility. On the Occasion of 63rd SIAM Annual Convention Hon’ble Prime Minister of India, Shri Narendra Modi in his message mentioned that for over six decades SIAM […]

Industry News

Indian automotive industry could reach $1 trillion by 2035 driven by exports, technology, and innovation: Arthur D. Little Report

Arthur D. Little, the world’s oldest management consulting firm, has released a new report titled “Transforming India into a Global Automotive Hub: Roadmap for the Automotive Ecosystem”. The report explores the key areas of automotive value creation in India, such as becoming a destination for global platforms, achieving global scale in software and ER&D, striving […]

Industry News

August’s Auto Retail Landscape Shows Resilient Growth

The Federation of Automobile Dealers Associations (FADA) has released Vehicle Retail Data for August 2023. During the month, the automotive retail sector exhibited a strong year-over-year (YoY) growth of 9%, though slightly lower than previously reported figures. This uptick was consistent across multiple vehicle categories, with a 6% increase in 2-wheelers (2W), a 6.5% increase […]

Industry News

Shradha Suri Marwah takes over as new ACMA President

The Automotive Component Manufacturers’ Association of India (ACMA) is poised for a transformative journey as it welcomes new leaders to guide the industry into the future. In an announcement that holds significant promise for the Indian auto component sector, ACMA introduces Shradha Suri Marwah as the President and Vikrampati Singhania as the Vice President for […]

Industry News

FADA celebrates Auto Dealers Day, pledges commitment to sustainability

The Federation of Automobile Dealers Associations (FADA) today commemorated the inaugural Auto Dealers Day, a significant milestone in the automotive retailing world. FADA marked this occasion by emphasizing a strong sense of community and reaffirming the industry’s commitment to sustainability. September 19th, chosen as Auto Dealers Day, aligns with the foundation day of the Federation […]

Industry News

Manav Kapur takes charge as Chairperson of ACMA-YBLF

Widely recognized and celebrated as the leading platform to facilitate the convergence of hundreds of 2nd and 3rd generation entrepreneurs of the rapidly growing automotive component industry, the ACMA-Young Business Leaders’ Forum (YBLF) was established under the aegis of the Automotive Component Manufacturers Association of India(ACMA), the nodal industry body. Leading the way in grooming young minds […]


FADA hosts 5th Auto Retail Conclave focusing on ‘Collaborate-Innovate-Accelerate’

The Federation of Automobile Dealers Associations (FADA) hosted the fifth edition of the Auto Retail Conclave, focusing on the theme “Collaborate-Innovate-Accelerate” immediately after the 59th AGM. The conclave witnessed the presence of prominent figures automobile industry, alongside participation from over 500 dealer members representing various regions of the country. The Conclave was inaugurated by Shri Nitin Gadkari, the honorable Union Minister of […]


Tevva partners with Alltruck for aftersales service support

British electric vehicle manufacturer Tevva has appointed Alltruck plc, specialists in commercial vehicle contract hire, rental, and vehicle maintenance, as its 24/7 roadside assistance and fleet management partner.  Under this new partnership, Alltruck will provide 24/7 roadside assistance and fleet management services for Tevva’s cutting-edge 7.5t battery-electric vehicles (BEVs). The centrepiece of this support is […]


Tork Motors inaugurates Experience Zone in Bengaluru

TORK Motors, India’s first electric motorcycle manufacturer, has inaugurated its first Experience Zone in Bengaluru announcing its entry into the state of Karnataka. Located in 5th block, Jayanagar, this 3S facility will be home to the brand’s KRATOS-R motorcycle and will offer sales and after sales services to consumers in the region.  The new facility […]

Industry News tyres

Tyre sector revenues to grow by 7-9% in FY24: ICRA

Operating margins to expand by ~150-200 bps in FY 2024 with favourable product mix and stable movement in input prices ICRA pegs domestic tyre demand growth at 6-8% for FY 2024, supported by stable growth in the replacement segment and sustained demand momentum in the OEM segment. ICRA expects the demand momentum in the OEM […]


Nissan Motor expands network to 267 customer touchpoints in India

Nissan Motor India Pvt. Ltd. (NMIPL) today announced the expansion of its network in North and South India, with new showrooms and service workshops launched in Karnal (Haryana) and Khammam (Telangana). The new touchpoints are part of Nissan’s commitment to providing exceptional sales and service experience to its customers. With the addition of these new […]


ZF Aftermarket expands product portfolio for Indian market with launch of 3 new TRW products

ZF Aftermarket is expanding its product offering in India with the launch of three new TRW products. With the new products, ZF is supporting one of the most important business areas in the independent aftermarket: the brake repair of passenger cars. The products launched in the Indian market are TRW shock absorbers, now made in […]


Toyota Kirloskar Motor introduces ‘Wheels on Web’ Online Retail Sales platform for Bangalore Region

Toyota Kirloskar Motor (TKM) today announced the introduction of ‘Wheels on Web’ (WOW), an Online Retail Sales platform for Bangalore region. This new platform offers customers, a seamless virtual experience by enabling them to book, purchase and get delivery of their preferred Toyota models at the comfort of their home. Further, WOW provides a real-time […]