Domestic passenger vehicle wholesales jump 26% in December; 4.55 million units sold in 2025

January 2, 2026 2:43 PM

Domestic passenger vehicle wholesales jump 26% in December; 4.55 million units sold in 2025

Domestic passenger vehicle (PV) wholesales rose around 26 per cent year-on-year to nearly 4.05 lakh units in December, driven by sustained demand following the goods and services tax (GST) rationalisation in September and attractive year-end discounts offered by automakers. The surge was further supported by buyers advancing purchases ahead of planned price hikes from January. For the calendar year 2025, PV wholesales increased 5.7 per cent year-on-year to a record high of about 4.55 million un...

Trump exempts some automakers from Canada, Mexico tariffs for one month

March 6, 2025 10:14 AM

Trump exempts some automakers from Canada, Mexico tariffs for one month

U.S. President Donald Trump will exempt automakers from his punishing 25% tariffs on Canada and Mexico for one month as long as they comply with existing free trade rules, the White House said on Wednesday, a development that halted at least for now Wall Street's steepest skid in nearly three months. Trump is also open to hearing about other products that should be exempted from the tariffs, which took effect Tuesday, the White House said. But Trump made clear he was not calling off his tr...