On December 16, it was reported that India proposed a preferential trade agreement with Mexico to lessen the impact of new tariffs scheduled to take effect on January 1, affecting Indian exports in around USD 2 billion.
India’s Commerce Secretary Rajesh Agrawal said technical discussions have already begun following

On December 9, 2025, Vingroup signed an MoU with the Government of Telangana for a proposed USD 3 billion, multi‑phase investment to develop a multi‑sector ecosystem across approximately 2,500 hectares in the state. The collaboration will explore projects in smart urban development, electric mobility (including elect

On December 5, the Automotive Research Association of India (ARAI) announced that Pune Hydrogen Valley (PHVF), ARAI, VE Commercial Vehicles Ltd. (VECV), and Honda (Japan and India) signed a joint development agreement to develop India’s first advanced Hydrogen Proton Exchange Membrane Fuel Cell (PEMFC) Electric Bus u

On December 2, the Ministry of Heavy Industries announced that it has disbursed INR 16.3 billion in subsidies under the PM E-DRIVE Scheme till November 23, 2025. 1,500 e-buses have been allocated to Mumbai, and 2,800 e-buses have been allocated to Delhi. Other than Mumbai, 1,000 e-buses have been allocated to Pune, i

On November 26, the Union Cabinet of India approved the 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets'. It aims to establish 6,000 metric tons per annum (MTPA) of integrated Rare Earth Permanent Magnet (REPM) manufacturing in India. The total financial outlay of the scheme is INR 72.8 bill

In an investor update, Tata Motors Passenger Vehicles Limited (TMPVL) announced its plan to launch gasoline engine variants for the Harrier and Safari models, expanding its powertrain options and unlocking additional market potential, especially in regions with high demand for gasoline vehicles.
The company is implem

On November 17, 2025, the Ministry of Electronics and Information Technology approved 17 new proposals under the Electronics Component Manufacturing Scheme (ECMS), with investments totalling INR 71.72 billion and projected production worth INR 651.11 billion.
Within the newly sanctioned projects, multiple units dire

On November 10, 2025, Lohum Cleantech inaugurated India’s first integrated rare earth element (REE) magnet production facility in Uttar Pradesh, with an investment of INR 5 billion and a production capacity of 2,000 metric tonnes.
India’s demand for rare earth magnets stands at 4,000 tonnes in 2025 and is expected t

On October 10, 2025, during the G20 Trade & Investment Ministers’ Meeting in Gqeberha, India and the Republic of Korea discussed new collaboration opportunities in manufacturing, digital, and clean technologies.
Both countries agreed to explore joint initiatives specifically in electronics and electric vehicle (EV)

On September 30, 2025, the Ministry of Heavy Industries issued amendments to the Phased Manufacturing Programme (PMP) for e-buses and N2 category e-trucks under the PM E-DRIVE Scheme. The changes modify domestic manufacturing requirements for traction motors and integrated systems.
For e-buses, the amended PMP requir

On September 26, 2025, the Ministry of Heavy Industries (MHI), Government of India, issued guidelines for deploying Electric Vehicle Public Charging Stations (EV PCS) under the PM E-DRIVE Scheme, with a total budget of INR 109 billion. Of this, INR 20 billion is designated for public charging infrastructure, includin

On September 25, 2025, the Bureau of Energy Efficiency (BEE), Ministry of Power, circulated revised draft Corporate Average Fuel Efficiency (CAFE 3) standards for passenger cars, inviting stakeholder comments for the compliance cycle spanning fiscal years 2027-28 to 2031-32.
Key Highlights:
The draft CAFE 3 standards

On September 11, National Highways for Electric Vehicles (NHEV) and Transvolt Mobility formalized the deployment of 1,000 electric trucks in India. The rollout follows a year-long technical trial that began in Chennai on World EV Day 2024, and included trials led by Ease of Doing Business, previously responsible for

On September 10, 2025, the Federation of Automobile Dealers Associations (FADA) held the 7th edition of its Auto Retail Conclave, addressing industry leaders and government officials. FADA commented on recent GST reforms, highlighting that while GST 2.0 is significant, the removal of Compensation Cess could impact de

On September 3, during its 56th meeting, the GST Council approved comprehensive tax reforms for India’s automotive industry, announcing various rate cuts for OEMs' vehicles. In response, many major OEMs in India—including Mahindra & Mahindra, Tata Motors, JSW MG Motor, Toyota Kirloskar Motor, Hyundai Motor India, Kia

On September 3, 2025, the Union Cabinet approved an INR 15 billion Incentive Scheme under the National Critical Mineral Mission to build domestic recycling capacity for critical minerals. The six-year programme (FY 2025-26 to FY 2030-31) targets e-waste, lithium-ion battery scrap, and other secondary sources such as

On September 3, during its 56th meeting, the GST Council approved comprehensive tax reforms for India’s automotive industry. Key changes include:
Small petrol, LPG, and CNG cars (≤1,200 cc, ≤4,000 mm): GST cut from 28% to 18%.Diesel cars (≤1,500 cc, ≤4,000 mm): GST cut from 28% to 18%.Motorcycles (≤350 cc) and three-

On August 30, 2025, the Society of Indian Automobile Manufacturers (SIAM) clarified that concerns over mileage loss, warranty issues, or water ingress related to 20% ethanol-blended gasoline (E20) are misplaced. It is mentioned that real-world fuel efficiency depends more on driving habits, vehicle condition, and mai

On August 28, CG Semi Private Limited, a subsidiary of CG Power and Industrial Solutions Limited (Murugappa Group), inaugurated its first Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. CG Semi is a joint venture that includes Renesas Electronics Corporation and Stars Microelectronics (

On August 18, multiple sources reported that the government of India is expected to cut the GST rate on small gasoline and diesel cars, as well as two-wheelers under 350 cc, from 28% to 18% ahead of Diwali, a move aimed at boosting demand in the entry-level segments. Currently, small cars up to 4 meters in length and