Auto

Auto deal activity falls to 3-year low; capital flows to EV, mobility firms

India's automotive sector recorded $717 million worth of deals in the April-June quarter, with investors favouring fewer but larger transactions in EVs, mobility and automotive technology

India's auto sector records 20 deals worth $717 mn in Q2 2026: Report

In Q2 2026 deal values remained largely strong despite transaction volumes falling to their lowest quarterly level since Q2 2023, Grant Thornton Bharat said in a statement

Zelio E-Mobility opens Coimbatore plant, annual capacity up at 240k units

The new Tamil Nadu facility, with an annual capacity of 60,000 units, will cater to southern markets and take the company's total manufacturing capacity to 240k units per year

CAFE-2 penalty waiver: Relief for automakers or setback to India's EV push?

The government has waived ₹2,700 crore in CAFE-2 penalties for some PV manufacturers. Does the step offer a practical reset for automakers, or weaken one of India's key tools for cleaner mobility?

Volkswagen CEO signals no plant closures as automaker moves to cut costs

The Wolfsburg, Germany-based company faces pressure to cut costs at home and increasingly intense competition in the lucrative Chinese market, in particular

Honda bullish on India's two-wheeler market, to roll out new products

Honda Motorcycle and Scooter India expects rising personal mobility, rural demand and premiumisation to support long-term industry growth as it prepares new launches for the festive season

Delhi EV policy mandates should not be imposed, says transport union

In the letter, Delhi NCR Transport Ekta Manch, a taxi and auto union, opposed the mandatory registration of new electric-only autos starting next year

India's EV components market set to surge 8x to ₹3.55 trn by 2032: Report

India's EV components market is projected to grow eightfold to ₹3.55 lakh crore by 2032, driven by rising localisation, battery demand and clean mobility investments

FADA says not a single E20-related complaint reported by dealers

FADA says its nationwide dealer network has not reported a single documented E20-related complaint and has launched an awareness drive to address customer concerns

Volkswagen sales drop 8.6% in Q2 as automaker plans major model overhaul

Volkswagen plans to halve its model range as second-quarter sales fell 8.6 per cent, with a sharp decline in China weighing on the German automaker's performance

Delhi-style EV policy across NCR may lift e-two-wheeler share beyond 30%

If Uttar Pradesh, Haryana and Rajasthan adopt Delhi's EV-only two-wheeler policy, electric two-wheelers could account for more than 30 per cent of registrations, based on FY26 trends

Nissan bets on exports, targets fourfold growth in India sales by FY28

The Japanese automaker aims to sell 100,000 vehicles in India and export another 100,000 annually by FY28, with the new Tekton SUV expected to drive growth

IRF urges Delhi govt to remove price cap for EV policy incentives

The road safety body said all electric vehicles contribute to reducing pollution and urged the Delhi government to extend tax incentives beyond the current ₹30 lakh ex-showroom price limit

Weak rupee weighs on BMW India margins; further price hikes on the cards

BMW Group India said every Re 1 depreciation in the rupee against the euro trims its profit margin by about 1 per cent, prompting the company to consider further price increases

Tata Motors PV charts 10-fold growth plan by FY31, targets 20% market share

Tata Motors Passenger Vehicles aims to sell more than 1.2 million vehicles annually by FY31, with EVs contributing over 30 per cent of volumes and EBITDA margins in double digits

Power transmission to witness Rs 6 trillion investment over six years: Icra

India's power transmission sector is projected to attract Rs 6 trillion in investments through 2032 as grid infrastructure is expanded to integrate rising renewable energy capacity.

Maruti Suzuki commissions 1 MWh battery storage system at Kharkhoda plant

As a pilot initiative, a Battery Energy Storage System (BESS) has been integrated into the Kharkhoda facility's internal electricity distribution network, Maruti Suzuki India said

Mercedes-Benz eyes best-ever India sales in 2026 despite likely price hikes

Mercedes-Benz India expects record sales in 2026, banking on robust demand and a healthy order pipeline despite further price hikes driven by the appreciation of the euro

Indian auto component industry scales ₹7.6 trn turnover in FY2025-26

The performance was driven by robust domestic demand, higher vehicle production, sustained investments in capacity and technology, and steady export growth

India's EV penetration tops 12% for first time in June, led by e2Ws

India's EV market crossed 12 per cent of overall vehicle retail sales for the first time in June, driven by record electric two-wheeler sales and broad-based growth across segments