Auto Industry

India's EV sales surged 45% to a record 2.72 lakh units in May, pushing overall EV penetration above 11% for the first time amid rising fuel costs

Industry seeks access to updated vehicle-registration records, saying poor traceability and documentation issues could hamper compliance with end-of-life vehicle recycling norms

The trend is drawing attention as larger vehicles put pressure on existing infrastructure. Some EVs are becoming too large for parking spaces designed under standards introduced a decade ago

Maruti Suzuki bets on compressed biogas as a key decarbonisation fuel, investing in nine CBG plants to support India's net-zero goals

Operating margins of auto component makers are expected to decline by up to 150 basis points this fiscal year as higher raw material and freight costs weigh on profitability, according to Crisil

Maruti Suzuki reports a sharp rebound in mini-car sales as production constraints ease, while rising fuel prices drive stronger demand for CNG-powered vehicles

A fire at Hyundai Mobis' Sriperumbudur facility near Chennai could disrupt supplies to Hyundai Motor India and Kia India, affecting production in the coming weeks

Nearly three in 10 luxury vehicles sold in India are sedans, with Audi, BMW and Mercedes-Benz each deriving about 40 per cent of India sales from the body style

Automakers flag new export certification rules under the PLI scheme, saying added compliance burdens risk undermining ease-of-doing-business goals

After lifting its import ban in 2025, Sri Lanka has seen a sharp rise in vehicle imports, prompting a temporary surcharge to protect forex reserves and ease pressure on the external sector

The second unit has an annual manufacturing capacity of 250,000 units. The first unit, which can also produce 250,000 units per year, had started production in February 2025

Hyundai Motor India plans to cross 1 million units of production capacity by FY28, with Chennai playing a central role in exports and new model launches

Two-wheeler market leader Hero MotoCorp has earmarked Rs 1,500 crore capex for FY27 to double its scooter production capacity, according to its CEO Harshavardhan Chitale. The company has also committed over Rs 700 crore of investment in building a global parts centre in South of India, he told analysts. "We are investing in capacity expansion, and we have committed over Rs 1,500 crore of capex in FY27. And this capex is going to expand our capacity in scooters, where for some of our models that are doing very well, we are doubling our capacity," Chitale said. With the company doing "60,000-odd scooter volume run rate" monthly at present, when asked if doubling it could mean closer to 1 lakh, he said,"That's our ambition." Elaborating on the scooter capacity expansion, Chitale said in the ICE (internal combustion engine) scooters, Hero MotoCorp has increased 'Destini' model capacity by 50 per cent already. "We are in the process of doubling our Xoom capacity," he added. On EV, he

EVs have a quarterly run rate of 24,000 units (Q4 volumes were 27,000 units). Management targets 10,000 units per month

Why startups in two- and three-wheeler EV space have escalated their demand for PLI inclusion

Mehrotra said that their aim is to hit the target of 70% localisation- within 12 to 18 months and many of their cars like the electric Comet have already crossed the 50% localisation mark

China is rapidly capturing global electric two-wheeler markets, while India risks missing a major export opportunity despite its dominance in ICE segments

Auto companies in India fell short by 70 per cent in meeting the steel equivalent vehicle scrapping commitments in FY26 set under the environment ministry's end-of-life vehicle rules, even as industry executives blamed 'unrealistic policy' for making the entire sector non-compliant. The Ministry of Environment, Forest and Climate Change, notified the Environment Protection (End-of-Life Vehicle) Rules, 2025, in January last year, and it came into effect on April 1, 2025. It required automakers to meet extended producer responsibility (EPR) obligations on the basis of the weight of steel recovered from the scrappage of end-of-life vehicles (ELVs) or other steel scrap materials processed at registered scrapping facilities. However, a draft amendment to the notification on March 27, 2026, issued by the ministry removed the provision of 'other steel scrap materials' for the issuance of the EPR certificate, mandating only steel generated from scrapped vehicles to be counted for the ...

Mahindra Group has appointed Vimal Agarwal as Group Chief Internal Auditor from July 1, 2026, as the conglomerate sharpens its focus on governance and internal controls

About 21.71 mn two-wheelers were sold in India in FY26, recording a 10.7% year-on-year growth, primarily driven by the GST rate cuts implemented in September 2025