ELECTRIC VEHICLES INDIA
Indian car buyers trade up selectively as CNG, EVs gain ground over fuel; SUV growth reshapes price ladder
Indian passenger vehicle sales have shown a pronounced shift towards higher price bands and alternative fuel options. The ₹12 lakh-20 lakh segment grew significantly, while lower segments experienced a slight decline. Petrol vehicle registrations decreased, with CNG and electric vehicles gaining market share. Compact SUVs have become increasingly popular, reflecting changes in consumer preferences and technology advancements.
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. The announcement comes as the government promotes alternative fuels to reduce India's dependence on conventional petrol and diesel.
VinFast VF MPV 7 seven-seater price cut by Rs 4 lakh; here's how much buyers will now have to pay
VinFast India has announced a significant price drop for its VF MPV7 electric vehicle, now available at Rs 20.39 lakh. This change represents a reduction of Rs 4.1 lakh from the original pricing at its April 2026 launch. Built for passenger convenience, the VF MPV7 boasts a 60.13kWh battery, promises a range of 517km according to ARAI, and is equipped with superior safety features.
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.
Tata Motors-Iveco will focus on building a global CV business: N Chandrasekaran
Tata Motors announced its acquisition of Iveco Group to enhance its global commercial vehicle operations. The $4.32 billion deal aims to improve growth and diversification rather than consolidation. This merger combines their strengths across different markets and technologies to increase revenue and sales volume. Both companies will collaborate on electric vehicles and components, leveraging Tata's extensive distribution network.
Rising crude prices could push India's inflation by upto 1 percentage point, diversified imports helping secure oil supplies: EY's Gaurav Moda
Gaurav Moda, Partner and Energy Industry Leader at EY India said the increase in crude oil prices from an average of $60-65 per barrel to $90-95 has significantly raised India's energy import costs, even as the country continues to prioritise securing supplies amid geopolitical uncertainties.
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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.
Rs 600 for 1,000 km journey: Nitin Gadkari proposes Rs 3 per unit for EV charging at night and Rs 5 during the day to boost electric vehicle adoption
Union Minister Nitin Gadkari has suggested Maharashtra Chief Minister to charge Rs 3 per unit for electric vehicle (EV) charging at night and Rs 5 during the day to encourage EV adoption. At the proposed night-time rate, an electric car delivering 5 km per unit could travel 1,000 km for just Rs 600. Gadkari said cheaper night-time electricity could make EVs more attractive to buyers.
Maxop Engineering buys majority stake in Faith Automation
Faith manages every stage of a project, from process planning and mechanical design through robot programming, system integration and on-site commissioning. It has revenues of around Rs 300 crore. Its clients include Honda, Mahindra & Mahindra and Stellantis. The company's founding team led by Nilesh Pandhare and six of his colleagues previously worked at Italian firm Comau, which was part of Stellantis.
Electric car sales nearly double in October
Electric car sales in India nearly doubled year-on-year to 35,777 units in October, taking their share of passenger vehicle sales to 7% from 3.2% a year earlier. Tata Motors led with a 40.7% market share, followed by Mahindra at 23.7%, as high fuel prices and expanding charging infrastructure supported demand.
India’s luxury car buyers are paying a premium for exclusivity, says JLR India MD
India's luxury car market is increasingly rewarding exclusivity, with JLR India saying 15 of the 18 vehicles in its Rs 5-crore Range Rover SV Sawai Collection have already been pre-booked. The company is expanding its bespoke personalisation services and plans to introduce two electric Range Rover models in 2027.
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%.
Hyundai, Tata, M&M, Maruti, KIA October sales surge amid festive cheer; Renault, Escorts Kubota decline
In October, various automakers experienced different sales results, highlighting a mixed performance across the industry. Hyundai Motor India observed a 17.7% sales increase, with domestic and export growth. Tata Motors Passenger Vehicles reported an impressive 23% rise in sales, including a 75% increase in electric vehicles. Conversely, Escorts Kubota faced a 10% sales decline during this time period.
Kia India clocks highest-ever monthly sales of 33,462 units in October, up 13.22%
Kia India recorded its highest-ever monthly wholesales at 33,462 units in October 2026, up 13.22% year-on-year, surpassing its previous record set in September. Cumulative sales rose 21.31% to 2,86,470 units during January-October, exceeding the automaker's full-year 2025 sales, with festive demand and multiple powertrains supporting growth.
Indian Bank targets Rs 100 cr lending under EV charging scheme in FY27: MD
Indian Bank has set a lending target of Rs 100 crore for electric vehicle charging infrastructure. The bank launched IND Green Charge for public, captive, and fleet charging stations under various models. It plans to promote entrepreneurship and support India's transition to sustainable mobility with this initiative. The scheme will provide loans up to Rs 10 crore for a maximum tenure of eight years.
Sona Comstar expects annual investments to rise from Rs 500-600 cr as business grows: MD
Sona BLW Precision Forgings Ltd expects to increase its annual investments from Rs 500-600 crore as it grows. The company has introduced new products like helical slip differentials and radar sensors during the September quarter. Currently, India contributes roughly 50 percent of its business, which is projected to remain stable as they expand internationally. The company aims to diversify supply chains and enhance its design and manufacturing capabilities.
High Court refuses urgent listing of plea against ban on non BS VI vehicles in Delhi from Nov 1
The Delhi High Court has dismissed a plea challenging the ban on non-BS VI vehicles entering the city. This regulation is set to begin on November 1 and affects many individuals traveling from NCR. The court found no urgency or issues with the decision made by the Delhi government. The restriction aims to combat persistent air pollution caused by vehicular emissions in Delhi.
Delhi traffic restrictions on October 31 for Run for Unity: Routes, diversions, timings and commuter advisory
Traffic restrictions will be implemented in Delhi for the 'Run for Unity' event scheduled on October 31. The event commemorates the 151st birth anniversary of Vallabhbhai Patel and will affect several roads. Participants will start at Major Dhyan Chand National Stadium near India Gate and conclude at Subhas Chandra Bose's statue. Commuters are advised to avoid unnecessary travel in affected areas during the designated hours.
Karnataka urges exporters to leverage FTAs to boost trade, target $1 trillion economy
Karnataka's industries minister MB Patil has urged manufacturers and exporters to leverage free trade agreements effectively. The state has signed trade agreements with 38 countries, which could enhance market access for various products. This initiative is part of Karnataka's goal to achieve a $1 trillion economy in the future. Increasing foreign direct investment highlights the state's economic momentum and potential growth.
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.
Maruti Suzuki crosses EV exports of 50,000 units since August 2025
Maruti Suzuki India reached a significant milestone by exporting more than 50,000 electric vehicles since August 2025. The company dominates India's electric passenger vehicle export market, holding nearly 93% of the total share. Its Hansalpur facility has achieved an annual production capacity of 1 million vehicles, boosting its export capabilities.
JSW Greentech gets JSW Cement order to supply 100 Ampstar trucks
JSW Greentech has secured an order for 100 AMPSTAR 4x2 electric tractor trucks to transport materials. The trucks will operate within a 330-km route between Nandyal in Andhra Pradesh and Vijaynagar in Karnataka. This initiative aims to reduce diesel dependency and lower emissions at JSW Cement sites. Battery-swapping infrastructure will support these trucks through a collaboration with JSW Eco-Mobility.
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%.
Versigent leases nearly 3 lakh sq ft of industrial space in Chennai
The company will pay a monthly rent of Rs 1.08 crore for the space, at a rate of Rs 37 per sq ft per month. The agreement includes a security deposit of Rs 6.48 crore and provides for a 15% escalation in rent every three years.
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.
Tata Motors, Amazon partner to deploy 3,000 electric trucks for ecommerce logistics
Heavy Industries Minister H D Kumaraswamy flagged off the initial fleet of trucks. "I congratulate Tata Motors and Amazon on this significant collaboration to deploy 3,000 electric trucks across Amazon's transportation network in India," Kumaraswamy said.
Tata Motors, Amazon partner to deploy 3,000 electric trucks for e-commerce logistics
Flagging off the fleet, Heavy Industries Minister H D Kumaraswamy said that while electric passenger vehicles and two-wheelers have made encouraging progress, the electrification of commercial transportation is equally important.
Hyundai Motor India to hike production capacity to 1.14 mn units by 2030,boost localisation
Hyundai Motor India plans to raise annual production capacity to 1.14 million vehicles by 2030 and increase localisation to 92% by 2032 as it expands its manufacturing base in India. The automaker is also broadening its SUV and powertrain portfolio, with more CNG, electric and hybrid offerings, including a mass-market compact electric SUV later this fiscal.
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