STELLANTIS INDIA
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.
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.
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.
Sri Lanka seeks faster green energy shift after oil shocks
Sri Lanka is facing significant challenges in its transition to renewable energy due to rising oil prices. The government plans to increase electricity generation from renewable sources to 70 percent by 2030. Communities have expressed concerns about the impact of wind turbines, leading to a reassessment of project locations. Additionally, changes in solar power pricing are necessary to maintain economic viability and fairness for consumers.
Bombay High Court questions arrest of Schaeffler India chief after fatal factory accident
The Bombay High Court's ruling comes after an incident on June 9, 2026 left two workers dead from to a gas leak. Harsha Gopal Kadam's arrest followed on October 19, with fresh charges leveled against him. The court emphasised a lack of substantial evidence to warrant his continued custody.
Stellantis India targets to halve vehicle development time, boost localisation
Stellantis India plans to halve vehicle development time to approximately two years as part of its strategy. The company aims to increase localisation levels, achieving over 90 percent for Citroen and 70-75 percent for Jeep. An investment of Rs 4,000 crore will support the launch of 12 new models over the next three years. Jeep will introduce four new models across various segments, while Citroen will launch three new vehicles.
Carmakers gear up with multi-powertrain models as Indian buyers shift beyond petrol, diesel
Car manufacturers are expanding powertrain offerings by introducing electric, CNG, hybrid, and petrol options. Companies like Renault and Stellantis are addressing regional demands for efficient engines and diverse vehicles. The rising fuel prices and tighter emission norms are compelling automakers to adapt their strategies. Toyota and Mahindra are focusing on multi-energy platforms to meet market needs effectively.
Driving a wedge in the EU EV market
Chinese automobile companies are presenting their advanced technologies at the Paris auto show to attract European buyers. European car manufacturers face challenges in transitioning to electric vehicles due to investments in battery capacity. As competition intensifies, Chinese firms view Europe as a crucial market for growth and exports. The European market's dependence on fuel imports may favor electric vehicles over traditional fuel-powered ones.
Luxury car buyers lose most GST 2.0 benefits as Mercedes, BMW and Audi raise prices
Luxury carmakers such as Mercedes-Benz, BMW, and Audi have increased vehicle prices after a GST cut. The price hikes are a response to rising input costs and a weakened rupee against major currencies. Despite this, luxury car sales in India are projected to grow by about 11% by 2026. This growth trails the broader Indian passenger vehicle market, which is estimated to advance 13-14% this year.
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.
‘Could sell 3,000 more EVs a month’ if supply constraints ease: Mahindra
Mahindra & Mahindra reported strong demand for its electric vehicles, which may reach 10,000 to 11,000 units monthly. Current production capacity for electric SUVs is around 8,000 units, which is expected to increase to 12,000 this financial year. The rise in petrol and diesel prices, along with improved charging infrastructure, is encouraging more customers to opt for electric vehicles.
Stellantis to invest ₹4,000 crore in India; launch 12 Jeep, Citroën vehicles by 2030
Dutch carmaker Stellantis plans to invest ₹4,000 crore in India over the next three years. This investment aims to introduce seven new and five upgraded models under the Jeep and Citroën brands. Stellantis seeks to triple its market share by 2030 while enhancing its manufacturing capabilities and localisation. Additionally, the company intends to expand its retail presence and strengthen brand awareness through various marketing initiatives.
Behind big billions, the China hedge begins to take shape in India
Hyundai Motor Group plans to invest $15.5 billion in India over the period of 2026 to 2032. This initiative aims to strengthen local manufacturing and expand research and development facilities. Attracting global interest, especially with competitors like Toyota and Suzuki also enhancing their footprint, Hyundai’s success hinges on optimizing logistics and harnessing skilled labor for maximum output.
Astranova Mobility arm gets NBFC licence, targets Rs 5,000 cr AUM in 5 years
Astranova Mobility's lending subsidiary, Novafusion Capital, receives approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Institution (NBFC). The firm targets ₹5000 crore in assets under management (AUM) over the next five years, focusing on India's transition to electric mobility. The company highlights the country's requirement of $100 billion to transition its commercial vehicles to electric mobility.
School Assembly News Headlines, October 14, 2026: Check national, international, business, sports updates and thought of the day
School assemblies are essential in keeping students updated on crucial happenings both nationally and globally. Recently, the Supreme Court's decision to reschedule hearings regarding protests showcases ongoing legal discussions. The Home Minister of India calls for enhanced regional collaboration to tackle terrorism threats. In the realm of sports, Shubman Gill and Shafali Verma have been celebrated as ICC Players of the Month due to their outstanding achievements.
Hyundai Motor to plug $15.5 billion in India's automotive sector
Hyundai Motor Group intends to invest $15.5 billion in India between 2026 and 2032. This investment aims to position India as a key market for the company's growth and expansion. The discussions about this initiative occurred during a meeting with Prime Minister Narendra Modi Ji. Executive Chair Euisun Chung emphasized the importance of India for next-generation automotive innovation.
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.
Stellantis, Tata Motors ink passenger vehicle manufacturing pact for global markets
Stellantis has formed a partnership with Tata Motors Passenger Vehicles for vehicle production in India. This collaboration will leverage Tata's advanced technology and Stellantis' engineering expertise for competitive vehicle development. A new Jeep SUV will be produced based on Tata's Argos platform, further enhancing export potential. The vehicles will be manufactured at the Ranjangaon facility under a joint venture.
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