The Indian automobile industry is experiencing a significant shift towards electric, flex-fuel, and CNG vehicles, as showcased at the Bharat Mobility Auto OEM Expo. Major automakers are addressing EV adoption challenges and embracing premiumization trends, leading to new launches and higher average selling prices in the market.

Electric, Flex-Fuel, and CNG vehicles dominate Indian automotive launches: Report

Indian markets ended lower on Friday as pharma, real estate, and auto stocks dragged, offsetting optimism over falling U.S. interest rates and oil prices. Sensex closed 320 points lower at 76,190 while Nifty 50 shed 113 points to end at 23,092.

ET Market Watch: Pharma, auto weigh heavy; Sensex dips 320 pts, Nifty below 23,100 | The Economic Times Podcast

Meta has partnered with the Federation of Automobile Dealers Associations (FADA) to digitize India’s auto dealerships through the ‘Move with Meta’ program. This initiative equips dealers with tools like Reels, WhatsApp, and hyperlocal marketing to engage customers and boost sales. A Meta white paper, Shift Gears, highlights that 72% of new car buyers discover brands via Meta platforms, and 48% use WhatsApp for direct communication with dealers.

Time to buy cars smartly - Meta and FADA team up for digital thrust for car dealerships

Indian benchmark indices closed in the red on Friday, reversing early gains as concerns over a potential slowdown in corporate earnings overshadowed optimism about lower U.S. interest rates and declining oil prices.

Market Wrap: Pharma, auto stocks drag D-St lower; Sensex skids 330 pts, Nifty below 23,100

Indian benchmark indices ended lower on Friday, led by declines in pharma, real estate, and auto stocks. Capri Global, KFin Technologies, and Mphasis reported strong earnings, while Cyient and Tejas Networks saw sharp drops.

Gainers & Losers: Cyient, Syngene among 6 stocks in action on Friday

Major car manufacturers like Tata Motors, Maruti Suzuki, and Mahindra are expanding EV charging infrastructure, akin to telecom towers. Maruti plans to focus on cities for reliable public charging networks, Tata has significant setups, and Mahindra pushes for semi-public chargers. Government support and partnerships aim to enhance the overall EV charging landscape.

Not buying EV out of range anxiety? Carmakers may’ve just stumbled upon a major way to soothe your nerves

The Nifty Auto index was trading 1.25 per cent at 22552.05.

Stock market update: Nifty Auto index 1.25% in an upbeat market

The Union Budget for the fiscal year 2025-26 will be presented on February 1, 2025, by Finance Minister Nirmala Sitharaman.The automobile sector anticipates reforms aimed at promoting sustainable and innovative technologies, according to brokerage firm Asit C Mehta. Expectations From Union Budget 2025

Budget 2025: Top 4 expectations of automobile sector from Finance Minister Nirmala Sitharaman - Expectations From Union Budget 2025

The Nifty Auto index closed 0.13 per cent at 22274.35.

Stock market update: Nifty Auto index 0.13%

The Nifty Auto index was trading 0.37 per cent at 22220.85.

Stock market update: Nifty Auto index 0.37% in an upbeat market

The Nifty Auto index closed 1.63 per cent at 22303.20.

Stock market update: Nifty Auto index 1.63%

Nifty Auto Index is designed to reflect the behaviour and performance of the Automobiles segment of the financial market. The NIFTY Auto Index comprises 15 tradable, exchange listed companies. 

Nifty Auto Index

News & Opinions