AUTO
ET Prime Special Series: Multibagger or IBC – Part 84: Can rising demand for decorative features drive this auto ancillary's growth?
A car can change its engine and still look almost the same. It can also keep the same engine and look so different that buyers happily pay more for it. That is the peculiar corner of the automobile industry this story explores. For one listed supplier, the shift to EVs may be less threatening than it sounds. The bigger question is whether changing consumer preferences can help it build a more valuable business.
Centre's EV push puts electric mobility stocks in the fast lane; M&M, Ola Electric lead rally with gains of up to 5%
Electric mobility stocks rallied on Wednesday after the Centre made EVs the default choice for government staff-car procurement and doubled the price ceiling for electric cars to Rs 20 lakh. M&M led the gains, followed by Ola Electric, Hyundai Motor India and TVS Motor Company.
‘Unaware of their race’: Who is Alaina Kunes? Ole Miss freshman and granddaughter of Kunes Auto Group owner apologizes after viral racist video
Alaina Kunes, an 18-year-old who previously studied at the University of Mississippi, has publicly apologized for her inappropriate actions towards Black students that were recorded and shared online. She expressed regret for her behavior, acknowledging the pain it caused within the Ole Miss community. The university has launched an investigation into the incident, and Kunes has chosen to withdraw, offering her full cooperation during this process.
From free internet upgrades to sneakers: The brands cashing in on GTA 6 before it even launches
Grand Theft Auto VI is set for release on November 19, 2026, and pre-loading begins on November 10. Internet providers like Spectrum and Xfinity are offering free speed upgrades to facilitate quicker downloads. Nike is reportedly collaborating with Travis Scott and Rockstar Games to launch a special sneaker collection for the game. The collection may feature three Air Force 1 Low sneakers priced at $130 each.
DPIIT seeks Fillip for local mfg of 100 goods in budget
DPIIT has examined 500 heavily imported products to identify opportunities for boosting domestic manufacturing. The department plans to share its findings with the finance ministry for the FY28 budget recommendations. Commerce Minister Piyush Goyal met with Skoda Auto Volkswagen to promote electric vehicle manufacturing and increase localization. High import dependence is classified based on the percentage of domestic demand met by imports.
GTA 6 Release Date: Rockstar confirms November 19 launch, pre-loading begins November 10; check platforms and PC updates
Rockstar Games has confirmed the global release date for Grand Theft Auto 6 as November 19, 2026. Digital pre-loading for the game will begin on November 10, allowing players to download in advance. The game will be available on PlayStation 5 and Xbox Series X|S. Players need to check their storage space and complete the pre-order before the pre-load begins.
Piyush Goyal meets Skoda Auto Volkswagen India CEO; talks focus on EV push, exports
Commerce Minister Piyush Goyal met a delegation led by Škoda Auto Volkswagen India CEO Piyush Arora to discuss expanding automobile exports, strengthening domestic manufacturing, accelerating EV production and increasing localisation.
Tenneco India explores diversifying beyond auto sector, eyes M&A
Tenneco Clean Air India is exploring acquisitions to diversify beyond the automotive sector, with potential targets in railways, aerospace and defence. CEO Arvind Chandra said the debt-free company has the cash to fund sizeable deals and is seeking businesses with strong technology, margins and an India growth opportunity.
Old Maharashtra auto driver surprises young man with his fluent English, explains learning the language helps while travelling abroad like London, Paris and America
An elderly auto-rickshaw driver from Amravati, Maharashtra, has caught social media's attention with his fluent English and advice to young people. In a resurfaced video, he explains how English helps people communicate abroad, using a London hotel as an example. Viewers have praised his confidence and speaking skills.
OP Mobility plans five new plants in India over next five years, commits ₹3,180 crore investment
French auto parts maker OP Mobility aims to open one manufacturing plant in India annually for five years. The company currently operates six plants in India, running at high utilisation with most in three shifts. OP Mobility has committed an investment of approximately 300 million to enhance its manufacturing capacity. It plans to expand its product range, including fuel tanks and exterior parts for vehicles.
US Pilot waited 11 years to draw giant GTA 6 artwork in sky for 8 hours; his sky art goes viral. Who's the man behind it?
In a stunning display of aerial artistry, pilot Benjamin McDaniel, dubbed The Pilot Picasso, spent over eight hours crafting a grand sky drawing in Arkansas, influenced by the popular video game Grand Theft Auto VI. His meticulous flight path featured iconic elements such as the game's logo, lush palm trees, and a helicopter, showcasing his skill and dedication to safety.
Auto sector sees strong Dhanteras deliveries, expects momentum to continue till Diwali
Automakers and dealerships reported strong Dhanteras deliveries following robust Navratri sales, with Maruti Suzuki expecting over 30,000 deliveries and Tata Motors targeting 12,000 units. Hyundai anticipates nearly 14% growth in festive deliveries. Dealers reported healthy demand across vehicle segments, while the pre-owned car market also witnessed a significant sales uptick.
Indian auto dealers flag post-festive demand risks as vehicle stocks stay high
Indian auto dealers warned that high vehicle inventories and rising financing costs could hurt post-festive demand. Passenger vehicle stocks remained at 43-45 days despite record wholesale dispatches, though dealers expect strong retail sales in the coming weeks to help clear inventory, the Federation of Automobile Dealers Associations said.
US tariff relief unlikely for Indian auto parts makers despite Democrats’ Congress sweep
Indian auto component makers see little prospect of near-term relief from steep US tariffs despite Democrats gaining control of Congress. President Donald Trump can veto legislation seeking to challenge his trade policies, while overturning that veto requires a two-thirds majority in both chambers. Industry executives see progress in bilateral trade talks as key.
Auto sales growth to cool post-festive season, says Monarch; bets on Minda Corp, RK Forgings and Sundram Fasteners
Auto sales growth is expected to moderate in the second half of FY27 after strong festive demand, while tractor sales may remain weak. Monarch Networth Capital prefers diversified ancillary players Minda Corporation, RK Forgings and Sundram Fasteners, with potential upside of up to 44%.
ET Prime Special Series: Multibagger or IBC - Part 83: Under this auto ancillary’s hood, sales and profits tell different stories
Some auto suppliers spend years trying to win a major customer. This business has been associated with one for four decades. That has helped build manufacturing scale, product capabilities, and a presence near auto plants. But it also creates an unusual equation for investors. Nearly 90% of the company's FY26 revenue is from sales to one related customer. Its portfolio spans parts that can survive the EV transition and others more closely tied to ICE vehicles. The story is about how durable customer access becomes durable returns.
Time to pick the right business, hold it longer: 5 stocks from the auto ancillary space with upside potential of up to 20%
In times of uncertainty in the market, investors should look for sectors where there is some underlying transformation taking place that is bigger, and will last longer, than the impact of any war or election results. One such is the auto ancillary sector.
Karnataka risks losing auto, EV testing centres as Mandya politics stalls project
Karnataka risks losing proposed automobile and electric vehicle testing centres in Mandya due to political tensions. HD Kumaraswamy advocates for these centres, which could significantly boost the local economy. The central government’s investment could develop an auto hub similar to those in other states. However, political rivalries complicate the project's progress, and local leaders are unable to unite.
Delhi friends take auto to Bihar after failing to get train tickets; 1,200-km journey for Chhath Puja wins internet's respect
Unable to get train tickets for Chhath Puja, a Delhi man named Rishav Thakur has taken an auto-rickshaw to travel to Madhubani in Bihar with his companions. The group is making the unusual journey after missing the festival at home for nearly three years. His videos have attracted attention on social media.
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