Engine maker Horse plans India move to supply growing small car market, CEO says - Reuters

<a href="https://news.google.com/rss/articles/CBMiwgFBVV95cUxPUjFlZnlPcjlUTTQxTzJBcFV2RHpHS2VuWjlNbFZGa2l2T0JXR3RnOWw4TEk1aEYtRF9zdzZ2RWc1UTRrR1pjaTU3WXJfaHdWdWZ1cXM1WE9Dam0yYktYejFaOF9kQVItWUZIcUFoQ21CUmZaUXlWYVF5c284SFFtTDdsNlhjZFZ5TDJpQmJEOV9lUWdaOGUyeWN0S0JvamI1LUhYN25DSDd5ejJtWC1IYnFvSHlYWVZYaFRvWEZKbnJkZw?oc=5" target="_blank">Engine maker Horse plans India move to supply growing small car market, CEO says</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Horse Powertrain is preparing to enter India with plans to set up a local presence, as policy changes boost demand for small, fuel-efficient cars. The move follows the government’s decision under Narendra Modi to cut sales tax on compact vehicles, increasing interest in 1.2-litre engines.

Horse Powertrain is laying the groundwork for a manufacturing presence in India after regulatory changes in the world's third-largest car market boosted demand for compact vehicles, the company's CEO told Reuters.

The move comes after India’s GST cut on small cars boosted demand for efficient 1.2-litre engines, creating fresh opportunities for global powertrain suppliers.

Horse Powertrain, the Renault–Geely joint venture established in May 2024, is preparing to enter India’s small car segment following New Delhi’s GST cut—from 28% to 18%—on sub‑4m, ≤1.2 L vehicles, aiming to eventually manufacture locally and tap export potential.

Engine maker Horse Powertrain is laying the groundwork for a manufacturing presence in India after regulatory changes in the world's third-largest car market boosted demand for compact vehicles, the company's CEO told Reuters.