EV INDUSTRY RESPONSE
ET Prime Special Series: Multibagger or Bankrupt - Part 54: Will manufacturing capability help this firm move into defence space?
The auto ancillary sector is being forced to answer a difficult question: When technology changes, which suppliers remain relevant and which get left behind? This company stands out because it is not built around one narrow-end market. It has automotive at the centre, but also has exposure to engineering, defence, aerospace and other industrial segments. That wider presence offers some support. Still, the main issue remains unresolved. A meaningful part of its current auto-linked basket belongs to the old combustion era, while its manufacturing capability may still travel into newer applications. This is less a collapse story and more a test of adaptation.
Middle East war revs up EV demand as Asia moves away from costly fuel
Electric vehicle sales have jumped in Southeast Asia as cost-conscious buyers have poured into dealerships looking to dodge the fuel price spikes driven by the Middle East war. Crude oil prices have soared by around 50 percent since the start of the Middle East war and again exceeded $100 per barrel on Monday, driving up the cost at the pump.
Brookfield set to divest 550 MW solar project in Bikaner; eyes ₹3K cr EV
Brookfield Asset Management is set to sell its 550-megawatt solar project in Bikaner, Rajasthan. The deal is valued at an estimated ₹3,000 crore. Investment bank Jefferies is managing the sale. Initial bids have come from overseas and domestic investors. This move is part of Brookfield's wider portfolio adjustments in India's growing renewable energy sector.
From setbacks to second wind, what next for Ola and Bhavish Aggarwal?
Ola Electric is struggling to revive its position after a sharp fall in market share, financial stress and operational challenges. Founder Bhavish Aggarwal has shifted focus to fixing service issues and pushing aggressive price cuts and battery-led growth, even as competition from established players intensifies.
Karnataka government ignores protests, notifies lifetime tax on EVs, spares two-wheelers
Karnataka has introduced a new lifetime road tax for electric cars, jeeps, and buses, excluding two-wheelers. This move aims to generate an additional Rs 250 crore for the state government. The decision has drawn criticism from Union Minister Pralhad Joshi and the EV industry, who fear it could increase crude oil imports and hinder climate goals.
ET Awards for Corporate Excellence 2025: Celebrating India Inc. distinguished icons
The ET Awards for Corporate Excellence 2025 honour 10 outstanding achievers, from policy reformers and business leaders to emerging companies driving India’s corporate renaissance. Here’s the complete list of winners.
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ET Prime Special Series: Multibagger or Bankrupt - Part 53: All vehicles need this auto ancillary’s product, but its EV future is still taking shape
This auto ancillary is not trying to be many things at once. It has stayed in one technical lane for years and built its business around a function every vehicle needs. That gives the story some stability. But it does not remove the risks. A large share of revenue comes from a few customers, the group is carrying unresolved contingent matters, and the gap between standalone and consolidated earnings shows the cost of building backward integration. In a sector moving toward EVs, this business still looks rooted in old strengths, while its next phase is only beginning to take shape.
Delhi pollution plan: Restrictions on goods vehicles, check when BS-VI and EV rules will apply
Delhi will soon see stricter rules for goods vehicles entering the capital. From November 1, only BS-VI compliant, CNG, and electric trucks will be allowed. This is part of a new plan to fight air pollution. The government is also pushing for more electric buses and charging points. Other measures include better public transport and managing traffic hotspots.
ET Prime Special Series: Multibagger or Bankrupt - Part 52: This legacy auto ancillary firm is not obsolete, but is it EV-ready?
A year into tracking the winners and losers of the auto component space, this story looks at a company that reflects the sector’s broader dilemma. Its products remain linked to a critical function in vehicle movement, which gives it some structural relevance even as technology changes. The company sits in a part of the vehicle system that still matters in electric mobility, yet its own disclosures acknowledge that changing customer preferences can still become a risk. Its recent operating performance shows better volume traction, faster export growth, and a tightly held promoter structure. The unresolved issue is not whether the product disappears overnight, but whether adaptation happens fast enough.
Passenger vehicle sales rise 16% in March, FY hits record high
Indian car sales hit a record 4.7 million vehicles in the last fiscal year. This surge was driven by tax cuts and new models. Industry leaders expect continued growth of around 5% this year. Companies are closely watching global events but remain optimistic about demand. Maruti Suzuki, Tata Motors, and Mahindra & Mahindra reported strong sales figures.
Toyota CEO flags survival risk despite record sales: Why the world’s largest carmaker is worried about its future
Toyota's outgoing CEO warns of an existential threat from rapid technological disruption and intensifying competition, particularly from China's advanced EV and tech ecosystem. The company is re-evaluating its production and quality standards to boost efficiency and speed, acknowledging that traditional advantages are no longer sufficient for survival in the evolving auto industry.
Why China is investigating US green tariffs ahead of Trump’s visit
The probe targets restrictions on imports and technology cooperation. China aims to position itself as a key player in global decarbonization, contrasting its approach with perceived US protectionism.
Beyond the cloud: The nuts and bolts of India’s data centre boom
India's digital revolution hinges on a robust data center infrastructure, demanding a focus beyond software to the physical realities of concrete, steel, and skilled labour.
ET Prime Special Series: Multibagger or Bankrupt - Part 51: Can this auto ancillary also excel in EV-linked components?
The story of this auto ancillary is one of steady scale-up, product concentration, and gradual strategic widening. A long operating history, a high promoter stake, and an export-led business model give it a clear identity. Management has linked its next phase to broader mobility themes through a new subsidiary and a multi-year investment plan aimed at capacity expansion, modernisation, and EV-linked components. Yet the core business remains concentrated, subsidiaries are still immaterial, and the future may depend on how far it can move beyond its existing manufacturing franchise.
One reason is a must – and good enough to look beyond the war: 5 stocks from different sectors with upside potential of up to 31%
When you look at the history of companies that have created wealth, you will find one thing in common: All of them have something that sets them apart from their peers. It could be anything: A brand, or large market size, a product, or market share built over a period of time. And their managements would also have had the experience of dealing with all kinds of crises and economic cycles. These traits ensure the company will (and has the ability) to remain focused on earnings. War or no war.
Eternal, Swiggy shares rally 3% but HSBC just reduced target prices. Should you buy?
Eternal and Swiggy shares rose after platform fee hikes, despite HSBC cutting target prices due to rising competition in quick commerce. The brokerage maintained a Buy on Zomato but a Hold on Swiggy, warning that higher pricing—especially at Blinkit—could hurt market share.
Terafab: Elon Musk’s massive factory will build AI chips for cars, robots, space projects
This "advanced technology fab" aims to produce one terawatt of computing power annually, focussing on custom AI chips for Tesla's vehicles, robotaxis, Optimus robots, SpaceX satellites, and xAI models.
Mystery AI model suspected to be DeepSeek V4 is revealed to be from Xiaomi
The release of DeepSeek's low-cost models DeepSeek-V3 and R1 triggered a global tech stock selloff last year, causing investors to question whether U.S. AI firms needed to spend billions of dollars on AI computing power. Since then, there has been a great deal of interest in DeepSeek-V4, a next-generation model that has yet to be released.
ET Prime Series: Multibagger or Bankrupt - 50 weeks, 50 companies. This time: Auto ancillary which spans ICE, EV, and even defence
This auto ancillary is no longer just a forging-led business. It has moved into defence, aerospace, e-mobility, castings, electronics, and AI-linked automation. This gives it multiple growth levers, but also makes execution the central variable. The core business still rests on a wide automotive and industrial base, and strong export exposure. But it is raising the share of higher-value products through acquisitions and expansion. In the EV transition, scale and profitability are still evolving. So, it is not just about diversification, but about which bets can become meaningful contributors.
For a long-term perspective: 5 mid-cap stocks from different sectors with an upside potential of up to 31%
After falling for many trading sessions, a short-covering bounce can occur in the market. As investors, ensure that you do not confuse that with the market forming a bottom. While there are those who will say they can predict the market bottom, the fact is that no one really knows when it will happen – or whether it has already happened. In such times, it is best to ignore the indices and focus instead on companies that are fundamentally sound and will grow irrespective of market or economic conditions.
JLR revving up execution to get past cyberattack dent
Jaguar Land Rover, recovering from a costly cyberattack, is reinforcing its "house of brands" strategy by assigning financial responsibility to each brand and elevating procurement to the board. New CEO PB Balaji emphasizes faster execution of the existing strategy, focusing on medium to long-term performance rather than short-term quarterly results to regain its position as Tata's automotive driver.
ETMarkets Smart Talk | Crude at $100 could shave up to 1% off India’s GDP growth, cautions Garima Kapoor
India faces economic challenges from rising geopolitical tensions and high crude oil prices. Experts warn of potential GDP growth reduction and inflation spikes. Investors are advised to recalibrate portfolios defensively. While risks are present, historical data suggests markets can recover post-conflict. The nation's economic stability faces a test, but a strong starting position offers some resilience.
These large- and mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 23%, according to analysts
For the last few days, the news tickers of business channels have carried this news: 40 out of the Nifty 50 stocks have ended in the red. Given how the international situation is panning out, we will likely see more such headlines. In such a situation, one needs to think and act. As a first step, you could bring stocks onto your watchlist. But that does not mean you do nothing at all after that. You need to act when the time is right.
US stock market deep in red today: Why Dow Jones, S&P 500 and Nasdaq crash again - Dow drops 600 points and Nasdaq sinks over 350
US stock market deep in red today: Dow Jones, S&P 500 and Nasdaq crash again - The Dow Jones Industrial Average fell 600 points, while the Nasdaq dropped more than 350 points and the S&P 500 slid over 1.2%. Rising oil prices near $100, escalating Middle East tensions, and surging US Treasury yields toward 5% shook investor confidence. WTI crude jumped nearly 9%, increasing inflation fears. Investors are also watching the Federal Reserve interest rate decision and upcoming PCE inflation data.
Understanding crude oil: From exploration to pricing. It will impact Indian economy and stock markets for at least next 2 decades
Every morning, at over 100,000 petrol pumps across India, millions of people glance at the price board and carry on. A few rupees up or down, and life continues. But behind that number board lies one of the most complex, geopolitically-charged, and financially-consequential supply chains on the planet.
ET Prime Special Series: Multibagger or IBC - Part 49: This auto ancillary has an EV theme, but its balance sheet needs a close read
A company can look well placed for the EV transformation on paper and still leave important questions unanswered in the financials. That is the case with this small-cap auto ancillary, whose products appear less exposed to powertrain disruption than many others. Yet the financials are less straightforward. Receivables have risen faster than revenue, and a related-party receivable has turned credit-impaired. At the same time, the company carries meaningful fair-value upside in investment property and earns rental income from it. For investors tracking auto ancillaries, EV readiness alone may not be enough here.
Capital market ecosystem stocks: Short term headwind? Yes. But structure stays intact: 8 stocks with upside potential of up to 36%
Are the headwinds for the Indian economy brought on by the latest Gulf war for real? Yes, they are. But here’s the contrarian question worth asking: Does a downturn in market sentiment change the structural story of some sectors? Have the changes being wrought by AI in the IT sector stopped? Have auto companies stopped transitioning to EVs? The short answer is no. And that’s what makes this moment interesting. As an investor, one needs to look beyond the war.
Telangana govt considering providing e-scooters to female college students: CM A Revanth Reddy
Telangana's Chief Minister, A Revanth Reddy, is championing the inclusion of e-scooters for women in colleges as a step toward more sustainable mobility. Aiming to retire diesel buses by December 2026, the state is committed to replacing them with electric vehicles, setting the stage for a cleaner, greener Hyderabad.
ET Prime Special Series: Multibagger or bankrupt - Part 48: Will this auto ancillary absorb shocks better with a greenfield push?
What happens when an auto ancillary company operates in a segment where physics does not change, even if engines do? In Part 48 of our series, we evaluate a commercial vehicle, or CV-focused manufacturer whose portfolio remains largely engine agnostic amid the EV transition. With 77% revenue from OEMs and only 2.10% from exports, the business is deeply anchored in the domestic auto sector. A Rs. 132 crore investment into an integrated suspension system facility is the planned capital expenditure by the company. Can integration and capital discipline convert structural relevance into sustained auto ancillary growth?
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