Auto Industry

There is a need to relax criteria for India's PLI scheme for automobiles to enable electric vehicle start-ups to benefit and contribute to the country's green mobility journey, according to Euler Motors Founder & CEO Saurav Kumar. The high ceiling for revenue and investments outlined in the PLI for the auto sector has meant that a company like Euler Motors, despite being among the top players in the electric small trucks and three-wheeler cargo segment, has not been able to participate in the scheme, Kumar told PTI in an interview. As per the eligibility criteria of the auto PLI scheme, an OEM must have a minimum global group revenue of Rs 10,000 crore and invest in fixed assets worth Rs 3,000 crore. "That unfortunately did not incentivise start-ups like us who are equally investing in this space and pushing the technology and R&D at the forefront," he lamented. In terms of products, Euler Motors has both electric four-wheeler and three-wheeler commercial cargo vehicles, which

Uber says its shuttle business remains challenging due to regulatory hurdles restricting expansion beyond Delhi and Kolkata, even as it pushes ahead with intercity bus and multi-modal plans

Passenger vehicles, two-wheelers, three-wheelers and commercial vehicles hit highest February sales ever, reflecting broad-based demand and GST 2.0 impact

Two-wheeler sales jumped 25 per cent from a year ago in February, while passenger vehicle sales climbed 26.1 per cent, the Federation of Automobile Dealers Associations ‌said

Mahindra said it has received no intimation from Indonesian authorities about suspending its vehicle imports, clarifying a media report and reaffirming its 35,000-unit export order

The privatisation of Toyota Industries is meant to reinvigorate the sleepy affiliate, remaking it as the vanguard of the group's evolution into next-generation mobility

India's EV slowdown is rooted in weak customer insight and how new ideas are adopted

Passenger vehicle wholesales rose 11.4% in February on strong SUV demand and GST effects, while two-wheeler makers posted sharper growth on a favourable base and broad consumer uptake

Ola Electric on Sunday launched 'Ola Insiders', an exclusive community programme for its existing customer base of over 10 lakh riders across the country. The initiative unlocks a host of benefits for the community members, including vehicle upgrade, add-on and referrals. As part of the programme, customers can upgrade their existing scooters and receive benefits of up to Rs 50,000 on the latest Gen 3 S1 portfolio and Roadster motorcycles, including the 4680 Bharat Cell variants, Ola Electric said in a statement. Besides, existing Ola customers can unlock benefits of up to Rs 20,000 when adding another Ola vehicle under the same registered name, it added. The customers can avail referral benefits and earn up to Rs 5,000 in Ola credits upon successful delivery. The referred buyer will also receive a Rs 1,000 cashback. "With over a million riders, our community remains central to our journey. With the launch of Ola Insiders, we are introducing a structured ownership program built a

Tata Motors Passenger Vehicles on Sunday reported a 35 per cent growth in total sales to 63,331 units in February against 46,811 units in the same month of the last year. Domestic PV sales stood at 62,329 units last month as against 46,435 units in the year-ago period, a growth of 34 per cent, Tata Motors Passenger Vehicles Ltd said in a regulatory filing. PV sales in the international market stood at 1,002 units last month against 376 units in February 2025. Total sales of electric vehicles in the international and domestic market increased 57 per cent to 8,385 units from 5,343 units in February 2025, the company said.

Nexa Studios, now 200 of over 740 Nexa outlets, are expected to contribute 25-30% of Nexa sales by FY31 as Maruti Suzuki expands the compact format and manages strong early demand

Hybrids emerge as the preferred bridge technology as most buyers stay price-conscious, favour lower EMIs and take a cautious view on full electrification

Government schemes such as the PM E-Drive initiative, with allocations of around Rs 2,000 crore for charging points deployment, are helping accelerate rollout

At BS Manthan, industry leaders highlight gaps in advanced materials, R&D, and minerals, even as policy support, global shifts, and investor confidence create new momentum for manufacturing growth

The PLI scheme for automobiles and auto components was approved by the Union Cabinet on September 15, 2021, with a total outlay of Rs 25,938 crore over five years

OMC Power has forayed into leveraging repurposed EV batteries to deliver energy storage solutions across diverse market segments, a top company executive said. OMC Power is involved in rooftop solarisation, EPC, greening telecom infrastructure, and mini-grid development, among others. "Repurposing EV batteries is a very new application area in India. Probably we would be the first one to do it with Honda Motors Japan," the company's co-founder & CEO Rohit Chandra told PTI in an interaction. There was a growing concern about the future of EV batteries, which have a substantial second life left after use in EV's, he noted. The CEO further said that "repurposing EV batteries for home and commercial use in UPS (uninterrupted power supply) application was one of the first use cases we piloted. The solution can also support rooftop installations as hybrid rooftop installations using battery storage systems will also be a big upcoming application for such batteries." On the sourcing of .

Tata Motors aims to drive EV uptake in the sub-Rs 12 lakh segment by extending battery-as-a-service beyond Punch.ev, targeting buyers who need lower upfront prices and usable range

Valeo will invest ₹2,150 crore in India as part of its Elevate 2028 strategy, expanding EV and ADAS manufacturing, localisation, and engineering capacity to triple domestic sales

Maruti Suzuki debuts the e-Vitara with aggressive pricing, a BaaS model, buyback assurance and a charging-service network, while cautioning of production constraints until July

Ratings agency says elevated growth in FY26 will give way to moderation next fiscal as higher base and normalising demand temper volumes across PV, two-wheeler and CV segments