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The West Asia war has played a key role in the faster acceptance of electric mobility in India, shifting the market from 'a push mode to a pull mode', Tata Motors Passenger Vehicle Ltd Managing Director & CEO Shailesh Chandra said on Tuesday. The company, which launched the electric version of its popular SUV Sierra at an introductory price ranging between Rs 18.79 and Rs 24.79 lakh, expects industry EV penetration in the passenger vehicle segment to be 7-8 per cent this fiscal and cross 10 per cent in FY28, he told reporters here in an interaction. While the entry of multiple players in the EV segment and the breaking of barriers across subsegments such as pricing, range anxiety, and charging infrastructure have helped EV growth, the West Asia war has also played a significant role, he added. "Around the Middle East crisis, there has been a faster acceptance. I would say, if the same customers were reluctant before, say, February 2026, they are now more amenable to considering an
TVS Motor Company is looking forward with measured optimism to the road ahead that is "unpredictable, complex and exciting", according to its Chairman and MD Sudarshan Venu. In his address to shareholders in the company's annual report for 2025-26, Venu said the company expects to perform in line with market expectations in its primary market in India, barring any weather shocks that may impact the monsoons or any other unforeseen circumstances. Stating that TVS Motor Co is looking forward with measured optimism, he said,"The road ahead is unpredictable, complex and exciting." He further said, "Our geographic diversification, technology depth, and presence in markets where mobility is essential rather than optional give us a resilience that is structural and durable." In terms of the company's performance going forward, he said, "We expect to perform in line with market expectations, in our primary market in India, barring any weather shocks that may impact the monsoons or any othe
The Indian two-wheeler industry will witness moderate wholesale volume growth of 3-5 per cent in FY27, as the sector could face challenges from a high base effect, a potentially weak monsoon due to El Nino, and inflation-led vehicle price increases, ratings agency ICRA said on Friday. The country's two-wheeler industry continues to demonstrate resilience, supported by improving domestic demand, healthy retail momentum, and sustained export growth, ICRA said in its latest sector update. The growth is expected to remain supported by improved affordability arising from GST rationalisation and replacement demand. Yet, ICRA said, "The sector could face challenges from a high base effect, a potentially weak monsoon due to El Nino, and inflation-led vehicle price increases." Despite supportive domestic demand drivers, geopolitical tensions in West Asia remain a key monitorable, as any escalation could disrupt supply chains and impact industry cost structures, it added. Domestic wholesale
VinFast Auto India on Friday said it has partnered with Tata Capital to provide auto and inventory financing for its dealer network. The two partners have signed a Memorandum of Understanding (MoU) for the purpose. Under the partnership, VinFast's dealer partners will have access to financing solutions tailored to support working capital requirements, inventory management and network expansion, the company said in a statement. "This partnership will enable us to offer comprehensive financing solutions for our dealer network, thereby supporting greater accessibility, operational ease and long-term growth for the brand," VinFast Asia CEO Tapan Ghosh said. Tata Capital COO - SME Finance Narendra Kamath said, "Through our partnership with VinFast, we aim to empower dealers with tailored financing support that enables business growth and operational efficiency.