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Union Minister H D Kumaraswamy on Wednesday urged the automotive industry to focus on design and domestic value addition to drive India's EV transition, saying the success of the country's electric mobility cannot be measured only by the number of electric vehicles sold. The Minister for Heavy Industries and Steel called on the automobile and auto component industry to invest more boldly in cleaner, more efficient, and emerging technologies - not only to make in India, but to make for the world. "The Ministry of Heavy Industries will continue to work closely with ACMA, SIAM, and industry stakeholders to improve scheme implementation, resolve operational issues, and create an enabling environment for investment and innovation," Kumaraswamy said. The minister said government schemes are supporting investment, domestic value addition, advanced technology, manufacturing, and the transition to cleaner mobility. He observed that India's green mobility transition is gathering ...
The Telangana government would develop a dedicated ride-hailing app like Uber and Ola to support auto drivers, state Transport Minister Ponnam Prabhakar said. The auto drivers called off their planned indefinite strike from today following assurances by the state government on their various demands. In a statement here Sunday night, Prabhakar said the state IT department would develop the proposed app. He, however, did not elaborate on the details of the proposed app. The government has agreed to hike auto fares, marking the first increase since 2012. He said the government would soon take a decision on allowing only those bike taxis which have yellow number plates for transporting passengers. Drivers would receive Rs 1.50 lakh in financial assistance for retrofitting diesel and petrol autos with EV mechanism in Hyderabad. Prabhakar also said he would take a positive decision on the ruling Congress promise of providing Rs 12,000 annually to the auto drivers after holding consulta
Commercial vehicle maker Ashok Leyland Ltd on Friday reported a 1.5 per cent increase in consolidated net profit at Rs 667.77 crore for the first quarter ended June 30, 2026. The company had posted a consolidated net profit of Rs 657.72 crore in the corresponding period of the previous fiscal, Ashok Leyland Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 13,069.59 crore in the quarter under review as against Rs 11,708.54 crore in the year-ago period, it added. The company's board has approved an investment of up to 25 million pounds (approximately Rs 325 crore) in its UK subsidiary Optare Plc. and another up to Rs 500 crore in equity shares of Hinduja Housing Finance Ltd through secondary purchase of shares. Total expenses in the quarter under review were higher at Rs 12,314.66 crore as compared to Rs 10,920.53 crore in the same period a year ago, the company said. During the quarter, the company said it posted its highest ever commercial vehicles
Maruti Suzuki India Ltd Chairman RC Bhargava has urged the Centre and state governments to proceed faster on the road of reforms and increase efforts to make doing business easier, while requesting all political parties to support reforms and programmes that create wealth. In his message to shareholders in the company's annual report for 2025-26, the veteran industry leader also noted that the government, and the opposition, should "ensure that the additional resources that would be generated would be used to create a more equitable and just society". Bhargava also said that considering how the car industry has grown post GST2.0, there could be some changes in the company's longer-term target and "presently, we are estimating that the car industry would grow to 6.1 to 6.3 million by FY 2030-31 and that the share of the small car market would grow significantly faster than what had happened in the last five years". He also reiterated the company's stand on the need to use multiple ..
Total automobile retail sales in India grew by 25.89 per cent year-on-year to 25,91,138 units in July, continuing with the demand momentum that set in after rationalisation of GST in the latter part of last year, the Federation of Automobile Dealers Associations said on Thursday. In July last year, total automobile retail sales in India were at 20,58,325 units, Federation of Automobile Dealers Associations (FADA) said in a statement. Passenger vehicles (PV) retail sales were at 4,16,555 units last month as compared to 3,49,674 units in July 2025, a growth of 19.13 per cent, it added. Sales of two-wheelers were at 18,18,289 units in July this year compared to 14,17,767 units in the same month a year ago, up 28.25 per cent, it added. Three-wheeler sales stood at 1,33,778 units last month as compared to 1,15,166 units in July 2025, a growth of 16.16 per cent, FADA said. Commercial vehicles also witnessed a 24.04 per cent rise in retail sales at 99,666 units last month as compared to