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Ola Electric Q2 revenue slumps 39% to Rs 421 crore, losses narrow
The company said it has stopped orders from its direct-to-consumer stores on November 1, and plans to close them by December. The company, which had announced a pivot to a dealership model in August, now has 255 dealer partners operating over 300 stores, it said in the shareholder letter.
Ola Electric shares jump 7% ahead of Q2 results, extends EV-policy rally
Ola Electric shares have rallied 9% in two sessions, adding over Rs 1,400 crore to the company's market value after the Centre made EVs its preferred choice for government staff-car procurement. Investors are now awaiting the electric two-wheeler maker's Q2 results for signs of a recovery in its business.
Online festive sales miss estimates; Munjal steps down as Unacademy CEO
Happpy Thursday! Online festive sales grew, but fell short of expectations amid weak smartphone demand.This and more in today’s ETtech Morning Dispatch.
EV makers turn to family scooters to drive mass-market adoption
Both new-age companies and legacy manufacturers expect mass-market buyers to drive the next phase of growth for electric two-wheelers. Ather Energy's Rizta, launched in April 2024 as its first family-oriented electric scooter, has crossed 3 lakh in cumulative sales and accounted for 76% of the company's volumes in FY26.
India's renewable energy expansion averts $100 bn in fuel imports, savings seen at $240 bn by 2030
The findings underline the growing economic and energy-security dividends of India's renewable energy transition, with increased domestic electricity generation reducing exposure to imported fossil fuels and volatility in international energy markets.
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.
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European shares rise as Siemens Energy forecast lifts AI optimism; inflation concerns persist
European shares opened higher, supported by positive forecasts from Siemens Energy and CoreWeave, which eases AI investment concerns. The pan-European STOXX 600 index rose significantly, nearing record highs from August. However, inflation concerns, increased oil prices, and some stock losses tempered broader market optimism. Notable declines were seen in companies like Vestas and CSG due to disappointing profit forecasts.
Jaguar Land Rover to launch its first electric vehicles in key growth market India in 2027: MD
Jaguar Land Rover (JLR) will enter India's luxury electric vehicle market in 2027 with the Range Rover Electric and Range Rover Sport Electric. The company will also launch the new Jaguar GT next year. JLR India plans to initially import the EVs to test demand, expand its retail network to 40 outlets and capitalise on India's growing premium car market.
When wars and AI cast a shadow, India has pressed a power reset
India’s renewable energy expansion is reshaping its energy security, cutting dependence on imported coal and natural gas as wars, oil supply disruptions and AI-driven electricity demand put pressure on power markets. An International Energy Agency report says clean energy saved India over $100 billion in fuel imports between 2011 and 2025, with cumulative savings potentially reaching $240 billion by 2030.
India's three-wheeler market takes an electric turn, with one in two new sales now EVs
Electric three-wheelers are increasingly popular in India, with sales significantly rising and concerns about fossil fuels decreasing. Mahindra Last Mile Mobility now produces a large number of e-rickshaws to meet growing demand. Drivers like Afroz Alam have reported substantial savings after switching from gas-powered models to electric versions. Analysts attribute this shift to lower operational costs and government subsidies promoting EV adoption.
Electric vehicle sales jump 45% to 3,54,625 units in October, led by e-two wheelers and burgeoning demand
Electric vehicle sales in India experienced significant growth in October, reaching 354,625 units. E-two-wheeler sales contributed most, totaling 224,064 units this year. There was also a notable increase in e-passenger vehicles, with volumes rising to 37,049 units. Electric three-wheelers grew to 88,570 units, continuing the overall upward trend in the EV market. The report indicates that demand continues to exceed supply due to rising fuel prices.
Nitin Gadkari says new Toyota Innova to be launched on November 26, running cost to be just Rs 25 per liter
Union Minister Nitin Gadkari has announced that Toyota will launch a new bioethanol-powered Innova in India on November 26. The vehicle will run entirely on 100% bioethanol and generate nearly 60% of its power through electricity while driving. Gadkari claims its effective running cost could be equivalent to just Rs 25-30 per litre of petrol, potentially offering significant savings to motorists.
European stocks head for weekly losses amid global tech selloff
European shares tumbled as concerns over AI valuations, heavy technology spending and potential US restrictions on data-centre investments triggered a global selloff. Losses across major sectors wiped out the STOXX 600's weekly gains, putting the index on track for a weekly decline.
Maxwell Engineering shares list at 90% premium. Here's how HGS, other 2 SME issues debuted
Maxwell Engineering Solutions, HGS (India), Vectras Enprocon, and Johnsoncab Electricals recently marked their presence on the stock exchange, collectively raising around Rs 201 crore via their IPOs. Maxwell Engineering Solutions enjoyed a spectacular debut, while shares of HGS (India) also surged. However, Vectras Enprocon's performance was lackluster, with a tepid market response. Each firm presented varying subscription rates and price bands during their offerings.
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.
Ather Energy shares fall 4%, snap 5-day gaining streak. What’s triggering the sharp fall?
Ather Energy shares ended a five-session winning streak as the shareholder lock-in period expired, making 21% of its outstanding equity eligible for trading. The development comes after the EV maker reported its first quarterly profit, while Nomura retained its Buy rating.
TVS RTR 125 unveiled: New sporty 125cc motorcycle brings racing DNA, aggressive styling & everyday practicality; check details
TVS Motor Company has unveiled the RTR 125 at EICMA 2026, expanding its European motorcycle line-up. Developed for A1 licence holders, the 125cc sports motorcycle targets young and first-time performance bike buyers. The company also showcased its wider portfolio, including the RR 310, RTR 310, Ronin, RTX 300 and special '82 Series editions.
Wiscon Industries SME shares to list today: Check subscription status and key detail
Wiscon Industries will debut on the BSE SME platform on November 3, 2026, following its Rs 110-crore IPO, subscribed 88% overall. The Delhi-based consumer electronics supplier plans to use proceeds for subsidiary expansion, working capital and marketing. Its revenue surged to Rs 73.39 crore in FY26, reflecting rapid business growth.
Electric two-wheeler sales hit record 2.24 lakh units in October on festive demand, new models
TVS Motor retained its leadership in October, nearly doubling registrations to 60,433 units and expanding its market share to 27% from 20.6% in the same month last year. Hero MotoCorp also gained ground, with its share rising to 13.4% from 10.9%, while Bajaj Auto maintained its market share at nearly 22%.
Hero MotoCorp bets on premiumisation, EVs to sustain growth momentum
Hero MotoCorp has seen notable revenue growth in the September quarter, buoyed by soaring sales volumes. The company's market share climbed to 7.3%, thanks to heightened demand for scooters and VIDA electric vehicle sales. With plans for new premium motorcycle launches and an expansion of EV production, Hero anticipates a revival in international markets, projecting growth in exports for the latter half of FY27.
Hero MotoCorp to increase EV capacity to 80,000 units per month by Q2 FY28
By the end of March, Hero MotoCorp intends to enhance the production capacity of its Vida electric two-wheelers from 30,000 to 45,000 units monthly. Furthermore, forecasts suggest a potential increase to over 80,000 units by the second quarter of FY28. The surge in electric two-wheeler demand has led to reduced dealer stocks, prompting a wave of capacity expansions among major manufacturers to meet this growing need.
TVS Motor to make 80,000 electric two-wheelers a month as EVs capture over 20% of India's scooter market
TVS Motor Company plans to raise its electric two-wheeler manufacturing capacity to 80,000 units per month by March 2027 as sales surge and demand for electric scooters grows. The company's EV sales more than doubled in the second quarter, while rivals Bajaj Auto and Ather Energy are also expanding production to meet rising demand.
Hero MotoCorp Q2 profit jumps 41% as scooter and EV sales surge
Hero MotoCorp’s Q2 FY27 consolidated profit rose 41% to Rs 1,860.55 crore, while revenue increased 23% to Rs 14,970.50 crore. Scooter sales surged 47%, VIDA retail sales grew 76%, and international expansion strengthened growth prospects.
Hero MotoCorp Q2 Results: Profit surges 41% YoY to Rs 1,861 crore, revenue jumps 23%
Hero MotoCorp’s Q2 FY27 consolidated profit rose 41% to Rs 1,861 crore, while revenue increased 23% to Rs 14,971 crore. Scooter sales, 100cc motorcycles and VIDA electric scooters boosted growth, alongside international expansion and investments.
Apache maker TVS Motor rides EV surge to record quarterly sales
TVS Motor Company achieved its highest quarterly sales in the September quarter, largely due to electric vehicle demand. The company’s electric two-wheeler sales rose by 133% to 1.86 lakh units. Overall two- and three-wheeler sales increased by 27%, totaling 1.9 million units. Revenue surged 44% to a record Rs 17,103 crore, while profit after tax grew by 52%.
Bajaj Auto Q2 net profit up 35% on strong exports, product mix
Bajaj Auto reported a 35% increase in standalone net profit for the September quarter. Revenue from operations rose to a record ₹20,003 crore, fueled by an increase in exports. The company also managed to counter rising input costs through strategic price adjustments and a richer product mix. Electric vehicle sales, including the Chetak scooter, contributed to the profitability amid varying performance in the domestic market.
Ather targets over 20% market share as capacity expansion, store additions resume
Ather’s market share fell to 15.1% in the July-September quarter from 17.2% a year earlier. Registration of its electric two-wheelers with state transport authorities grew 60% year-on-year last quarter, but underperformed the market that expanded 82%.
Bajaj Auto Q2 Results: Profit jumps 35% YoY to Rs 3,354 crore; revenue up 34%
Bajaj Auto Q2 Results: Revenue grew 34% YoY to Rs 20,003 crore for the first time, doubling over the past three years. The company also reported EBITDA exceeding Rs 4,000 crore, a rise of over 37% from the year-ago period.
Nearly half of Indian two-wheeler buyers eye EVs: BCG report
Around 43 percent of two-wheeler buyers are considering electric vehicles, showing a notable increase since 2024. The outright rejection of electric options has decreased from 38 percent to 29 percent among potential buyers. Electric two-wheelers now represent 9.9 percent of overall sales, a growth from 5.5 percent in previous years. As consumer ratings improve, major concerns remain regarding longevity and rough-road capabilities of these vehicles.
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