Auto Industry

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

Several fuel-saving technologies are now widely used in India's passenger vehicles

Mahindra & Mahindra reports 47 per cent rise in Q3FY26 net profit to Rs 4,675 crore on record revenue; gains market share in SUVs and LCVs, tractor share steady

Digitalisation, automation and smart factories no longer a luxury for sector, it says

Auto industry executives say lack of charging infrastructure, reliability issues and low consumer confidence continue to slow electric vehicle adoption in India despite rising demand

Stellantis is particularly exposed because it leans heavily on high-margin Jeep and Ram pickup truck sales in the US, where demand for EVs is especially subdued

India Yamaha Motor has announced the price of its first electric scooter, EC-06, at Rs 1.67 lakh, to be sold in select cities through premium Blue Square showrooms

High-level committee on banking for Viksit Bharat to steer banking reforms for next growth phase

Look to use India's manufacturing cost advantage as carmakers from China have gained market share in EU in recent years

Industry executives say incentives continue to play a role in easing upfront cost concerns for price-sensitive buyers

India plans a sharp cut in car import tariffs for EU automakers, signalling its biggest market opening yet as New Delhi and Brussels near a landmark free trade pact

Lamborghini delivered a record 10,747 vehicles globally in 2025, crossing the 10,000 mark for the first time, though sales in India slipped marginally amid uneven market conditions

India's electric passenger vehicle registrations have surged over five years, with southern states consistently contributing about one-third of volumes

Festive-led demand, GST rationalisation, easing rates and operating leverage are expected to drive strong revenue and profit growth for auto OEMs and ancillaries in Q3FY26

A rationalisation of customs duties on imported luxury cars would help stimulate demand in the premium segment, leading to higher overall tax revenue for the government, according to Mercedes-Benz India Managing Director and CEO Santosh Iyer. Besides, a more stable macroeconomic policy and improved fiscal management to arrest the ongoing decline of the rupee would help luxury car makers, which have been forced to increase prices due to rising input costs that, in turn, have had an impact on demand, Iyer told PTI when asked about expectations in the upcoming Union Budget. Terming GST 2.0, under which rates were rationalised last year as "a very positive step", he said, "The same should happen for customs duties as well". At present, imported passenger vehicles priced below USD 40,000 attract a basic customs duty of 70 per cent, and those priced above USD 40,000 are taxed at an effective customs duty of 110 per cent. "This customs duty can be rationalised and brought under one slab..

Kerala has overtaken more industrialised states in personal electric vehicle adoption, driven by strong middle-class uptake, policy support, and charging infrastructure