Latest Car and Bike News highlights Today February 1, 2025: Indian auto sector welcomes budget 2025. Will stimulate demand, push clean tech
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Latest news on February 1, 2025: The Auto Sector has welcomed the push for clean tech by lower taxes on critical minerals while the ease in income tax and rural development plans should help boost the economy and spending habits
The world of automobiles never sleeps. Always in the fast lane, the pace of developments is like the speed of a supercar on a German autobahn. Too fast? We have you covered. Check out the latest news, buzz and trends right here on HT Auto
Disclaimer: This is an AI-generated live blog and has not been edited by HT Auto. 01 Feb 2025, 06:17 PM IST
Auto News News Live Updates: Indian auto sector welcomes budget 2025. Will stimulate demand, push clean tech
- The Budget 2025 reinforces the government’s push for the localisation of EVs and battery manufacturing, while also stimulating demand for two-wheelers and four-wheelers by easing taxes. Here's how the Indian auto sector makes of the budget announcements.
01 Feb 2025, 05:00 PM IST
Auto News News Live Updates: Tata Motors reports 7 per cent drop in January 2025 with 80,304 total units sold
- Domestic sales of Tata Motors fell to 78,159 units, with passenger vehicle sales down 11 per cent and EV sales down 25 per cent.
01 Feb 2025, 03:38 PM IST
Auto News News Live Updates: Toyota Kirloskar Motor jumps 19 per cent in January 2025 with 29,371 units sold
- Toyota Motor registers a 19 per cent year-on-year growth after having ended 2024 as its best year in India with 3.24 lakh total units dispatched.
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01 Feb 2025, 03:20 PM IST
Electric Vehicles News Live Updates: Budget 2025: Why EVs will become more affordable in India
- Finance Minister Nirmala Sitharaman announced a full exemption on basic customs duty on critical minerals used in EV battery manufacturing, which should bring a significant boost to the sector and reduce dependency.
01 Feb 2025, 02:32 PM IST
Car News News Live Updates: Honda City Apex Limited Edition launched in India, prices start at ₹13.30 lakh
- The Honda City Apex Edition brings a special package with new seat covers, cushions, leatherette upholstery, ambient lighting, and more.
01 Feb 2025, 02:03 PM IST
Car News News Live Updates: Windsor EV drives JSW MG Motor India’s sales in January with 256% annual growth
- JSW MG Motor India's wholesales for January stood at 4,455 units with electric vehicles contributing 70 per cent to the total volumes.
01 Feb 2025, 12:18 PM IST
Car News News Live Updates: Ferrari 12Cilindri gets listed on India website. To be launched soon
- The Ferrari 12Cilindri is set to launch in India, featuring a powerful 6.5-litre V12 engine and advanced performance capabilities.
01 Feb 2025, 09:38 AM IST
Electric Vehicles News Live Updates: Tesla shares rise on Musk promise to launch cheaper EVs, autonomous vehicle
- Tesla shares rose over two per cent after Elon Musk announced plans for affordable models and an autonomous ride-hailing service. Despite a weak fourth quarter, analysts remain optimistic about growth potential, although regulatory hurdles may impact timelines.
01 Feb 2025, 09:32 AM IST
Car News News Live Updates: Kia Syros launched in India at ₹8.99 lakh
- Kia Syros is positioned between the Sonet and the Seltos. Syros will be offered with a petrol and a diesel engine.
01 Feb 2025, 09:27 AM IST
Auto News News Live Updates: EU promises action plan for auto sector amid rising competition and emissions targets
- Industry leaders met with EU chief Ursula von der Leyen, who pledged a plan by early March to address emission standards and support job retention amidst rising costs.
01 Feb 2025, 09:15 AM IST
Electric Vehicles News Live Updates: MG M9 Limousine pre-bookings open in India, will launch soon
- MG M9 EV will go on sale alongside Cyberster through MG Select premium dealerships.
01 Feb 2025, 09:01 AM IST
Auto News News Live Updates: Bajaj Auto hit with over ₹10 crore GST penalty, plans legal challenge
- Tax authorities fined Bajaj Auto over ₹10 crore for misclassifying its instrument cluster under GST. The company intends to contest the ruling in court.
01 Feb 2025, 08:48 AM IST
Auto News News Live Updates: Auto recap, Jan 31: Ola Gen 3 electric scooters launched, MG Cyberster pre-bookings open and more
- Here is your quick check on the biggest developments in the world of automobiles.
First Published Date: 01 Feb 2025, 08:48 AM IST