AFFORDABLE ELECTRIC CARS
India well on track to achieve $1 trillion exports target for FY27: Piyush Goyal
Commerce Minister Piyush Goyal said India is on track to achieve its $1 trillion goods and services export target in FY27, having already recorded nearly $480 billion in exports during April-September. He highlighted opportunities from free trade agreements, particularly the proposed India-EU pact, for the automobile and mobility sectors. Goyal urged manufacturers to expand globally, boost competitiveness and leverage international partnerships to drive exports, investment and employment.
Pune teacher sells father's land to teach 10 poor students, all clear MPSC exams; now he runs a Rs 20 crore campus in his village but still lives in a rented house
After selling his inherited house and farmland in 2005, Pune-based teacher Yajurvendra Mahajan started educating 10 underprivileged students. All cleared MPSC exams. His Deepsthamb Foundation now supports around 600 students, including persons with disabilities, orphans and transgender people, offering free education, accommodation, counselling and employment assistance.
How China's clean-tech machine is reshaping the global climate fight
In 2024, China took the lead as the top investor in global clean technology, directing $132 billion to developing nations to aid carbon reduction efforts. This unprecedented infusion of resources could potentially reshape the landscape of international climate finance.
Auto sales to maintain momentum, driven by GST relief, EVs : SIAM
The Indian automotive industry is expected to sustain growth momentum in the second half of the fiscal year. Key factors include improved affordability, strong financing support, and resilient market demand. Sales of entry-level passenger cars have surged significantly, indicating a revival in consumption among first-time buyers.
In a divided world, COP31 aims for agreement on electrification
COP31, kicking off November 9 in Antalya, Turkey, is all set to spotlight the global push for electrification. With a target to raise electricity's contribution to final energy demand to 35% by 2035, nations are keenly examining how electrification can effectively curb fossil fuel use.
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Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets closed lower on Wednesday as rising crude oil prices and Middle East tensions hurt sentiment. Sensex fell 353 points to 73,246, while Nifty slipped 51 points to 22,699 despite a late recovery.
Whenever you feel 'demotivated' in life, rewatch an old video of Elon Musk from Tesla's near-bankruptcy days
Social media user Unnati shared an old video of Elon Musk pitching Tesla’s $109,000 Roadster in 2008, when the company was nearing bankruptcy. Musk explained how revenue from expensive cars would fund affordable electric vehicles. During the crisis, SpaceX secured a major NASA contract, while Tesla investors provided crucial funding to keep the automaker running.
Ford’s new $30,000 EV truck can power a home during an outage without an external inverter, potentially making backup electricity cheaper
Ford's upcoming Fathom electric truck is set to provide home backup power during outages. The truck features integrated bidirectional charging technology for efficient electricity transfer. Estimated costs for necessary home power equipment will be around $2,000, significantly lower than previous systems. Homeowners may need to upgrade their electrical setups to utilize this technology efficiently. The Fathom aims to appeal to buyers seeking multifunctional electric vehicles.
Jeep Compass gets new 9-speed automatic diesel variant; check price, features, delivery date
Jeep India has announced the launch of the Compass Sport FWD equipped with a 9-speed automatic transmission. This new variant is priced at ₹21.99 lakh and is the most affordable automatic version of the Jeep Compass. Customers will benefit from additional features like six airbags, cruise control, and a touchscreen infotainment system. The availability of optional accessory packs enhances customization for buyers.
Volkswagen freezes India EV investment as JSW partnership talks continue
Volkswagen has paused further investment in its India electric-vehicle programme pending greater clarity on a potential partnership with Sajjan Jindal’s JSW Group. The German automaker has completed preliminary design work using a low-cost EV platform developed for China but awaits a clearer business plan. The pause could delay its India EV push as competition intensifies and affordable electric-car sales accelerate.
Technology overtakes brand in influencing India’s car-buying decisions: Report
Technology and advanced features have outpaced brand loyalty in influencing car purchases among Indian consumers. A recent Bain & Co survey reveals that 68% of premium car buyers prefer established brands. Furthermore, around 80% of Indian buyers utilize AI during their car purchase journey. The survey also found a significant openness towards electric vehicles among consumers, particularly among younger generations.
Auto companies ride on a low base to deliver robust 22% sales in September
Car sales in India saw a 22% increase in September due to dealers stocking up for festivals and strong demand. Two-wheelers and three-wheelers also experienced growth of 13.5% and 16% respectively during the same month. The overall sales for passenger vehicles increased by 28.3% in the first half of FY27. Automakers remain hopeful about continuous demand amidst ongoing geopolitical challenges.
India passenger vehicle sales rise 22% to 4.54 lakh units in September: SIAM
September 2026 marked a pivotal month for India's automotive sector, with car sales climbing by 22%, reflecting strong consumer interest. Ahead of the festive season, manufacturers stepped up shipments, while two-wheeler sales also surged by 13.5%. This upward trend was bolstered by enhancements in affordability and infrastructure. Despite ongoing global geopolitical tensions, optimism about maintaining this demand growth remains high.
Europe’s auto giants learn from China as Volkswagen, Stellantis rethink EV strategy
Volkswagen and Stellantis are adapting their electric vehicle strategies by collaborating with Chinese automakers. Stellantis aims to improve its market position through partnerships with Leapmotor and Dongfeng. Volkswagen continues to focus on its strategies in China while exploring potential collaborations in Europe. Industry analysts note that the competition from Chinese electric vehicle makers is reshaping the European automotive landscape.
From gas prices to grocery bills: How Trump’s economic policies are giving Democrats a new midterm campaign weapon
Rising living costs are becoming a focal point for Democrats in the 2026 midterm elections. Many voters are linking these economic pressures to the policies of Donald Trump and Republican lawmakers. Democratic candidates are spending millions on advertisements highlighting tariffs and the Iran war's financial impact. In response, Republicans are focusing on other issues while trying to distance themselves from Trump.
Parents 'took away food' from son's plate after he got laid off: 22-year-old says losing Rs 95,000-a-month job revealed their true faces to him
A 22-year-old IT professional was earning Rs 95,000 a month before losing his job just six months into his career. But his struggle to find work soon turned into a difficult situation at home, where he claims his parents began calling him a “freeloader” and even took food away from his plate. With no income for two months, the young man is now reconsidering a major purchase he once worked hard to afford.
Cheaper to run, but costlier to buy? New CAFE III rules kick in from April 2027; here's how your next car could be affected
India’s CAFE III fuel-efficiency norms will take effect from April 1, 2027, tightening fleet-average targets for automakers until March 2032. The rules offer incentives for electric vehicles, hybrids, flex-fuel cars and fuel-saving technologies. But will they make cars cheaper to run or push up showroom prices? Here’s how the new standards could affect vehicle costs and what buyers should consider before purchasing their next car.
Will EU press the ‘kill switch’ on China? Trade war looms over talks
EU officials are raising alarms over the escalating trade deficits with China, exceeding one billion euros on a daily basis. The spike in Chinese hybrid-car exports underscores possible gaps in EU tariff policies. Although talks are underway, China shows little willingness to engage in voluntary export restrictions for select products. EU leaders are now considering a 'kill switch' mechanism.
Warren Buffett calls out the worst accounting trick in corporate America, and the analysts who help it along
Every loan that Warren Buffett’s home business makes, it keeps. When the borrower stops paying, the loss is borne by his company rather than somebody who bought the paper years ago. Buffett contrasts that with how the last housing crisis was built, and then applies the same test to accounting, to executive pay, and to the numbers analysts repeat without checking. One question runs through all of it, and almost no annual report answers it.
Vehicle registrations up 32% on-year in September
As per data collated by Federation of Automotive Dealers’ Associations (FADA), passenger vehicles, two-wheelers and commercial vehicles retails rose 33%, 32% and 38%, respectively in the month under review.
FLY91 begins flights from Navi Mumbai airport, adds four direct routes
FLY91 has begun operating from Navi Mumbai International Airport, offering direct flights to various destinations. The airline plans to operate over 350 weekly flights in its winter schedule. Multiple public transport options will connect passengers to and from the airport, enhancing accessibility. E-Shivai electric buses, taxi services, and autorickshaws will provide economical transport solutions. The airport is establishing infrastructure to support electric vehicles and improve mobility options in the region.
Navi Mumbai International Airport rolls out multimodal connectivity ahead of winter schedule
Navi Mumbai International Airport is set to enhance its transport network with affordable options for passengers. Multiple services include buses, taxis, and airport shuttles, offering economical travel across regions. The Maharashtra State Road Transport Corporation will begin the e-Shivai bus operations on October 7 for passengers. Besides, ride-sharing services such as Bharat Taxi and Uber will be available starting October 10.
Honda targets 20% cost cuts, faster car development in India with Tata Technologies: Report
Honda Motor aims to decrease costs and development times by outsourcing vehicle production to Tata Technologies in India. The partnership is expected to lead to significant savings of up to 20% and shorter development timelines. Honda is currently facing financial pressures and is shifting focus toward hybrids and cost-cutting measures. The first vehicle under this collaboration is a small SUV targeted for launch in 2028.
Half a dozen small hybrids getting ready for Indian launch
Automakers including Maruti Suzuki, Hyundai, Toyota and Renault are preparing around half a dozen small hybrid vehicles for India over the next 18-24 months, drawn by lower 18% GST on compact cars and tighter CAFE 3 norms. The sub-four-metre segment’s strong growth is also encouraging manufacturers to pursue affordable hybrids.
Jammu and Kashmir government notifies Electric Vehicle Policy 2026
The Jammu and Kashmir government notified the Electric Vehicle Policy 2026 after its approval by the council of ministers chaired by Chief Minister Omar Abdullah. The policy has set a six-year roadmap to expand sustainable electric mobility across the state, which also caters to its geography and climate. It targets 1.40 lakh electric vehicles by 2032. The policy also brings in infrastructure and regulatory enhancements.
US fuel economy standards: Trump admin set to roll out new regime for cars, light trucks
The Trump administration is set to announce relaxed fuel economy standards affecting gasoline cars and light trucks. These changes aim to lower mileage requirements, impacting automakers' pollution control measures. Secretary of Transportation Sean Duffy has said these new rules will enhance access to various gasoline vehicles.
Double-decker electric AC bus service from September 28: Gorakhpur-Maharajganj passengers get a new travel option; here’s all you need to know
A new double-decker AC electric bus service between Gorakhpur and Maharajganj will begin from September 28 following a successful trial run. The service is expected to increase passenger capacity, improve daily connectivity and offer a comfortable, affordable travel option. Three double-decker electric buses have been added to the Gorakhpur depot as Uttar Pradesh expands cleaner public transport.
Tata Motors PV eyes 15% market share soon, targets 20% by FY31, says MD Shailesh Chandra
Tata Motors Passenger Vehicles is approaching a 15% domestic market share and aims to reach 20% by FY31. The company plans to achieve substantial growth through product innovation and powertrain diversification. Focus areas include expanding into unentered segments and addressing evolving consumer affordability.
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