Auto sector specifies 28 parts for import cut

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..

Exports Drop, Trade Deficit Widens

India's export performance hit a significant setback in April 2024, plummeting to its lowest level in five months. This decline exacerbated the trade deficit, which expanded to a four-month high, reflecting mounting economic pressures. According to the latest data released by the Commerce Ministry, merchandise exports fell by 12.7% year-on-year, reaching $33.5 billion. This sharp drop was driven by declines in key sectors such as engineering goods, textiles, and chemicals.

Simultaneously, imports witnessed a 2% decrease, totalling $49.9 billion. Despite the drop in imports, the trade d..