EV EXPANSION
Tata Power Q2 Results: PAT jumps 33% YoY to Rs 1,652 crore, revenue rises 26%
Tata Power reported its highest-ever quarterly profit of Rs 1,652 crore in Q2 FY27, up 33% year-on-year. Revenue surged 26% to Rs 19,886 crore, supported by renewables, generation, distribution and a record Rs 10,000 crore first-half investment.
India will need additional 25,000 EV fast chargers in next 3 years: Exicom CEO
India is projected to require an increased number of DC fast chargers to support electric vehicle sales growth. An estimate suggests that around 25,000 more chargers will be needed over the next three years. This requirement accounts for the expected growth in passenger vehicles, buses, and trucks. Exicom Tele-Systems has supplied a significant number of charging stations and aims for ongoing growth in this sector.
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.
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.
India's invisible pain: The dirt in the air comes with a hefty price tag for economy and businesses
Severe pollution plaguing Indian cities is taking a toll on businesses. Restrictions placed on construction and transportation impede the movement of goods, leading to increased operational expenses. Many consumers are opting out of outdoor activities due to dangerous air quality, resulting in a drop in sales and foot traffic.
US midterm results may give India trade leverage, but tariff and AI risks remain
The US midterm results may give India some room in trade negotiations by increasing congressional scrutiny of executive action, but they do not remove tariff risks or alter Washington's strategic priorities. AI investment is also unlikely to retreat, with capital expected to remain within the US rather than shift significantly to emerging markets.
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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.
M&M bets on SUV growth, EV expansion and global aerospace orders to drive earnings
Mahindra & Mahindra has unveiled impressive revenue and profit figures, driven largely by the rising popularity of SUVs and electric vehicles. Looking ahead, the company is set to boost production capacity and launch several new vehicles. In contrast, the tractor sector's growth forecast has been adjusted to flat, influenced by unfavorable monsoon conditions and low water levels in reservoirs.
Tesla Cybertruck hits a dead end: Elon Musk's futuristic EV launched 4 years after unveiling, sold only 10% of his target, with its biggest buyer being another of the billionaire's companies
Elon Musk revealed that Tesla will halt Cybertruck production at Gigafactory Texas around mid-2027. The Cybertruck sold only 20,237 units last year, far below Musk's expectations of 250,000 units annually. Multiple delays and recalls significantly impacted the Cybertruck's journey since its unveiling in November 2019. Tesla plans to increase production of the Cybercab as part of its future strategy.
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.
Kia India plans $1.5 billion investment in Andhra Pradesh to expand manufacturing operations
The proposed investment is expected to significantly expand the company's manufacturing footprint at its Anantapur facility, where Kia currently has an installed annual production capacity of around 3 lakh units.
Adani Ports agrees to buy Dutch storage and terminal co Evos for $2.9 bn
All cash offer for Europe’s 2nd largest player is the company’s foray into Europe. The Iran war and supply disruptions across the hydrocarbons and chemicals value chain has forced countries and companies to seriously evaluate energy storage and logistics
Musk stocks lose $120 billion as Democrats’ Texas win rattles investors
Tesla and SpaceX lost more than $120 billion in combined market value after Democrats scored major election victories in Texas and across the US. Investors are concerned that a Democrat-controlled Congress could increase scrutiny of Elon Musk’s businesses, complicate a potential Tesla-SpaceX merger and create fresh regulatory hurdles.
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.
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.
ETMarkets Smart Talk| Gold, silver or copper? Tata MF fund manager suggests a 50:30:20 commodity allocation: Tapan Patel
In this edition of ETMarkets Smart Talk, we speak with Tapan Patel, Fund Manager – Commodities at Tata Asset Management, who shares his outlook on gold, silver, copper and crude oil, explains the changing dynamics driving commodity prices, and suggests a 50:30:20 allocation to gold, copper and silver, respectively, for investors looking to build a commodity portfolio for the long term.
Singapore's Grab lifts 2026 forecasts on strong ride-hailing, delivery demand
Singapore's Grab lifted its annual forecasts on Tuesday, helped by steady growth in its ride-hailing unit, while demand for its delivery services benefited from promotional offers and expansion into categories beyond groceries.
Most wanted stocks 2026: 6 stocks mutual funds are buying even as markets slump
Stock market investors are growing wary as prices continue to drop amid broader economic issues. Nevertheless, mutual fund managers are optimistic, identifying many investment opportunities during this downturn. The article identifies six stocks that have seen a rise in mutual fund investments, showcasing their resilience and growth potential during tough times. This analysis offers investors valuable insights to enhance their future strategies.
This auto ancillary stock soars 13% after Q2 PAT jumps 35% YoY. Do you own it?
Motherson Sumi Wiring shares surged after the auto ancillary company reported a 35% year-on-year rise in Q2 FY27 net profit and 47% revenue growth. Premiumisation, higher content per vehicle and new model wins supported the performance.
Reliance Industries shares rally 6% after Q2 results. Here’s why Jefferies, others analysts see up to 47% upside
Reliance Industries shares rose up to 6% after the company reported a 41% YoY increase in Q2 net profit to Rs 25,548 crore, while revenue climbed 29% to Rs 3.32 lakh crore. The O2C business led earnings growth, with EBITDA surging 68% YoY to a record Rs 25,203 crore, supported by strong refining and petrochemical performance.
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%.
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.
Waymo in Japan: Driverless taxis launch planned for 2027 with Toyota partnership, local bZ4X EVs to be fitted with self-driving technology; UK expansion next
Toyota Waymo partnership: Toyota and Waymo will begin testing a fleet of autonomous bZ4X electric vehicles in Japan in 2027, with expansion to the UK and other markets planned later. Toyota will manufacture and equip the vehicles at its Aichi plant, while Waymo will provide its fully autonomous driving technology.
Chinese EVs win over some in South Korea, but Japan is proving to be a rougher road
Chinese electric vehicle makers such as BYD are making inroads into South Korea, challenging established domestic brands with competitively priced models and growing dealership networks. BYD has sold more than 20,000 vehicles in the country in the first nine months of the year, overtaking Toyota and Lexus combined. Japan, however, has proved a tougher market due to low EV adoption, consumer preference for hybrids and scepticism towards Chinese brands.
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.
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.
Hyundai Motor shares jump 6% even as Q2 net profit declines 24% YoY. Why Nomura, other brokerages remain bullish?
Hyundai Motor India shares rose despite a sharp decline in Q2 FY27 profit as rising commodity costs squeezed margins. Nomura and Motilal Oswal retained their Buy ratings, citing new model launches, export growth and potential margin recovery.
CarTrade Tech shares tank over 6% after Q2 results, but Nomura raises target price to Rs 3,377. Here’s why
CarTrade Tech shares fell 6.5% after Q2FY27 net profit rose 3% year-on-year to Rs 66 crore, while revenue increased 10% to Rs 213 crore. Nomura raised its target price to Rs 3,377 from Rs 3,340, citing growth potential in OLX India, improving consumer business prospects and operating leverage, despite trimming revenue estimates by around 3%.
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%.
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