On August 4, U.S. President Donald Trump said he would be “substantially raising” the tariff on Indian exports to the U.S. over that country’s purchases of Russian oil.
“India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits

On July 15, 2025, the long wait ended for Tesla enthusiasts in India as the company officially opened its first showroom in Mumbai and began accepting orders for the Model Y. A second showroom is also set to open soon in Delhi, along with Superchargers in both cities.
Back in 2021, Tesla established a subsidiary name

On July 30, President Trump announced that the United States will impose a 25% tariff on goods from India, "plus an unspecified penalty" for buying Russian oil and weapons.
In a post on his Truth Social platform, Trump said the measures would take effect from August 1, the U.S. deadline for a trade deals with all cou

On July 24, the Society of Motor Manufacturers & Traders (SMMT) stated that the UK-India trade agreement represents a significant achievement, partially liberalising the Indian automotive market for the first time. 
While the highly complex deal confirms some compromises, its entry into force will provide commercial

On July 24, India and the United Kingdom formally ratified the India–UK Comprehensive Economic and Trade Agreement (CETA), introducing a quota-linked framework to boost bilateral trade in luxury automobiles and clean-technology vehicles.
The agreement is set to take effect after completing domestic procedures and inc

On July 23, the Atomic Minerals Directorate for Exploration and Research (AMD), under the Department of Atomic Energy, announced its ongoing efforts to explore and augment rare earth elements (REE) across various geological regions in India. AMD estimates about 7.23 million tonnes of rare earth oxides contained in mo

On July 17, the Ministry of Heavy Industries, Government of India, initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047). The plan aims to boost innovation, enhance global competitiveness, and drive sustainable development, positioning India as a global automotive leader by 2047.
The inaugural meet

On July 11, multiple sources reported that the Ministry of Heavy Industries stated that the Indian government is working on a scheme to incentivise domestic rare earth magnet production. It is currently under inter-ministerial consultation. It will have a financial allocation of INR 13.45 billion. 
Based on multiple

On July 11, the Ministry of Heavy Industries (MHI), Government of India, announced a new incentive scheme under the PM E-DRIVE initiative to promote the adoption of electric trucks. The scheme covers N2 category trucks (GVW above 3.5 tonnes and up to 12 tonnes) and N3 category trucks (GVW above 12 tonnes and up to 55

On June 24, multiple sources reported that the Minister of Heavy Industries, India stated that the Government is planning a rare earth magnet manufacturing scheme. A final decision is expected within 15 to 20 days. The Ministry of Heavy Industries and the Department of Atomic Energy (DAE) are working to finalize the

On June 24, the Ministry of Heavy Industries (MHI) announced the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI). The application portal will be open for applications from June 24, 2025, and will remain open until October 21, 2025.
The S

On June 18, the Ministry of Heavy Industries, India, in a social media post, announced that its secretary convened a strategic meeting with key stakeholders to tackle the rising demand for Rare Earth Permanent Magnets (REPM). The discussions focused on indigenization efforts by the industry and the handholding needed

On June 12, multiple sources reported that the United States rejected India’s request for talks at the WTO (World Trade Organization) over tariffs on automobiles and parts. The US stated the tariffs were needed to protect national security. A 25% tariff on all auto imports has been in place since April 3, 2025.
Based

On June 10, multiple sources reported that the Union Minister of Commerce and Industry, India, addressing a press conference in Switzerland, stated that China’s curbs on the export of rare-earth magnets are a ‘wake-up call’ which can impact important sectors like the auto industry and consumer goods.
The Indian gover

On June 6, the External Affairs Minister of India, the ministers of Foreign Affairs of the Republic of Kazakhstan, the Kyrgyz Republic, the Republic of Tajikistan, Turkmenistan, and the Republic of Uzbekistan took part in the 4th meeting of the India-Central Asia Dialogue.
The Sides expressed interest in the joint ex

On June 2, multiple sources reported that the Union Heavy Industries Minister stated in a press conference that Tesla is not interested in manufacturing in India. They are interested in starting showrooms in India. He further stated that Mercedes-Benz, Skoda-Volkswagen, Hyundai, and Kia had shown interest in manufact

On June 2, the Government of India approved a scheme to promote the domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs). It will attract investments from global electric vehicle (EV) manufacturers and promote India as a leading manufacturing destination for EVs. 
The approved appli

On May 30, the Automotive Research Association of India (ARAI) announced that Maruti Suzuki India Limited has obtained the CMVR Compliance Certificate for their first electric vehicle, eVITARA – Suzuki's first global strategic BEV model.  Maruti Suzuki India Limited will be the exclusive manufacturer of eVITARA for t

On May 23, the Transport Minister of Maharashtra State, in a social media post, announced that the company responsible for supplying 5150 electric buses on a rental basis has been found inactive, and instructions were given to cancel the tender agreement with this company.
A revised schedule was given to the concerne