Auto Industry

Tata Motors and Italy-headquartered Iveco on Tuesday announced that the combined enterprise will be the world's fourth-largest commercial vehicle maker with a revenue of Rs 2.28 lakh crore (Euro 21 billion). The Indian auto major acquired an 89.42 per cent stake in Iveco for nearly 3.43 billion euros post the initial settlement of its cash tender offer, even as the buyout continues. The acquisition of Iveco, making it an indirect subsidiary of the Indian auto major, will be Tata Motors' biggest since it bought Jaguar Land Rover from Ford in 2008. Iveco Group employs 33,000 people and operates 16 industrial sites and 22 R&D centres. The settlement follows the completion of the acceptance period of the voluntary tender offer, under which Tata Motors offered EUR 14.4 per share in cash for Iveco's common shares. The acceptance period will reopen for five trading days from November 2 to November 6, 2026, allowing shareholders another opportunity to tender their shares. Settlement of ...

Tata Motors Passenger Vehicles on Sunday reported a 23 per cent rise in total sales to 75,426 units across domestic and international markets in October. The company registered total sales of 61,295 units in the year-ago month. Domestic passenger vehicle sales increased 21 per cent to 73,894 units last month from 61,134 units in October 2025, Tata Motors Passenger Vehicles Ltd (TMPVL) said in a statement. International business passenger vehicle sales jumped manifold to 1,532 units in October compared to 161 units a year ago, it added.

Mahindra & Mahindra Ltd on Sunday said its total vehicle sales grew 9 per cent year-on-year to a record 13,1109 units in October. The total sales include exports, which rose 77 per cent to 7,102 units during the month. Mahindra & Mahindra said domestic passenger vehicle sales rose 2 per cent year-on-year to 73,338 units in October, and commercial vehicle sales rose 4 per cent to 33,037 units. M&M Automotive business President Velusamy R said the company's SUV sales of 73,338 units and total vehicle sales of 13,1109 units in October were the highest ever in any month. The festive season, together with a refreshed portfolio, kept demand strong across SUVs, pick-ups and three-wheelers. Our first CNG vehicle, the XUV 3XO ZNG, has also seen strong traction with customers, he said. In commercial vehicles, three-wheeler sales, including electric ones, increased 38 per cent to 17,632 units. LCVs between 2-3.5 ton grew 5 per cent to 28,654 units, while sales of LCVs under 2 ton ...

JSW MG Motor India on Sunday said it has registered 19 per cent year-on-year growth in wholesale dispatches to dealers, reaching 8,013 units in October 2026. In a statement, the automaker said it is receiving a strong response to the recently launched MG Hector Tomahawk EV and Windsor Indulge Edition, with customer deliveries gaining momentum across India. JSW MG Motor India is a joint venture between JSW Group and SAIC Motor.

The two-wheeler maker plans to offset input-cost pressure through cost savings, improved VIDA economics and selective price increases, while exports are expected to recover

Automaker Volkswagen posted a 5.8 billion euro (USD 6.5 billion) after-tax loss for the July-September quarter as large one-time charges piled on top of weak demand in China, US tariffs and lower profits from electric vehicles. The results announced Thursday underline the challenges facing the company as it seeks to cut costs through a restructuring that could mean the loss of up to 100,000 jobs and the closure of four German plants. Chief financial officer Arno Antlitz said in a statement that the company's results so far this year mean that "we cannot afford to lose any time and must act quickly and decisively." Sales revenue decreased 6.3 per cent to 80.3 billion euros from the year-earlier quarter. Earnings also suffered from a 6.4 billion euro reduction to account for the fallen value of Volkswagen's stake in luxury carmaker Porsche. China was once a key profit centre for Volkswagen, but now the company faces declining demand for cars there on top of fierce price competition f

TVS Motor reported a 46 per cent rise in Q2FY27 consolidated net profit to Rs 1,219 crore, driven by record quarterly sales, strong export growth and a surge in electric two-wheeler volumes

Bajaj Auto on Tuesday reported a 35 per cent jump in standalone profit after tax to Rs 3,354 crore in the three months to September compared to the corresponding quarter of the last financial year. The company had posted a standalone profit after tax of Rs 2,480 crore in the July-September period of FY 26. Revenue from operations for the quarter under review stood at Rs 20,003 crore, up 34 per cent year-on-year from Rs 14,922 crore in the September quarter last year. EBITDA (earnings before interest, tax, depreciation and amortisation) climbed 37 per cent to Rs 4,172 crore in Q2 FY27 against Rs 3,052 crore in the same quarter of FY26, the company said in a statement. EBITDA Margin rose 40 basis points to 20.9 per cent in Q2 FY27 against 20.5 per cent in the second quarter of the year earlier, the company said. EBITDA margins rose despite another quarter of volatility and hyper-inflation; underscoring the disciplined and dynamic P&L management, as currency tailwind, operating ...

Commercial vehicle wholesales grow 42%; commodity costs weigh on margins

AEBS is a key feature of Advanced Driver Assistance Systems (ADAS), a collection of more than 100 electronic technologies designed to improve road safety

Stellantis India is targeting to halve vehicle development time and ramp up localisation for certain models as it prepares to launch 12 products across Citroen and Jeep brands under its FaSTLAne 2030 roadmap, MD and CEO Shailesh Hazela said. "Globally, we announced that our ambition is to cut down our development time for bringing new products from 48 months to close to two years, which is around 24 months. That is what we are working on (for) our products, which we are going to launch," Hazela told PTI in an interview. Stellantis has one of its software and technology centre in Bengaluru. "[Our] India engineering centre is part of the four large tech centres in the world. We have the largest tech centre and they develop cars not only for Jeep and Citroen, but for models globally. So they have the same mandate [cut in product development time] which they will be following," he said. Also, Stellantis India has a long-standing partnership with Tata Motors Passenger Vehicle for ...

Auto tech firms raised $1.3 billion across 97 rounds in 2026, with Bengaluru accounting for nearly 70% of funding; Rapido, Simple Energy and Rideriver led the biggest deals

India's auto tech companies raised USD 1.3 billion across 97 funding rounds so far this year, according to a report from data intelligence platform Tracxn. The funding rounds were led by ride-hailing firm Rapido's USD 240 million, followed by electric two-wheeler manufacturer Simple Energy's USD 180 million and River's USD 102 million. "India Auto Tech companies raised USD 1.3 billion across 97 rounds in 2026 year to date (2026 YTD) against USD 2.1 billion across 195 rounds in 2025. All funding figures are US dollar equity funding and exclude debt, grant, post-IPO and ICO funding," the report, India Auto Tech - 2026 YTD, said. Automated parking solution provider Sotefin recorded the highest IPO market capitalisation at USD 35 million, followed by Victory EV India at USD 11 million and accessories company AutoFurnish at USD 6 million. There were 10 rounds of USD 34 million or more, totalling USD 900 million during the period. These accounted for around 70 per cent of the total USD 1

Commerce and Industry Minister Piyush Goyal on Monday said all European carmakers would prefer to manufacture in India, as producing vehicles there would be uncompetitive due to the region's regulations. Goyal said India is going to become a global car manufacturing hub. "Finally India is going to become the global hub for car manufacturing. Everybody is going to come and manufacture in India and with Europe having such crazy regulations, it is going to be impossible to be competitive. All the European manufacturers will come to India," he said at The Dilli Dialogue here. India has provided quota-based tariff concessions to the UK and the European Union (EU) in free trade agreements. The pact with the UK was operationalised on July 15, while the deal with the EU is likely to be signed by the end of this year. "I do not know if you are aware. Tatas had so much trouble after they bought Jaguar. Tata Motors itself was going to collapse and then they put in a lot of re-engineering, an

Audi India is considering local manufacturing of a battery electric vehicle (BEV), with the luxury carmaker betting on a three-pillar strategy to double its market share in the segment over the next three to five years to 15-16 per cent, a top company executive said. In an interview with PTI, Audi India Brand Director Balbir Singh Dhillon outlined its strategy for India, centred on three key areas: customer centricity, new product introductions, and network expansion, to double its market share in the luxury car segment from around 8 per cent. The German automaker is also looking to leverage the proposed India-EU free trade agreement (FTA) to bring more models to India to test market demand, while expanding its dealership network, particularly in tier-II and tier-III cities. "We are contemplating a locally made BEV electric car with a decision expected in the next couple of months," Dhillon said. Elaborating, he said, "So we intend to double our market share in the next three to fi

Mercedes-Benz India sees potential for plug-in hybrid vehicles in the luxury segment, as consumers are willing to pay a premium over pure electric or conventional ICE models for electric driving range, combustion engine flexibility, and better resale value than fully electric vehicles, a top executive said. In an interview with PTI, Mercedes-Benz India CEO Santosh Iyer said plug-in hybrids could address some concerns associated with electric vehicles, including charging infrastructure and range anxiety. "I think it is a good interim technology for the customer because today, each powertrain has its pros and cons," Iyer said. "When you look at a plug-in hybrid, it balances both worlds. You get, like in the S-Class hybrid Maybach, a 100 kilometers EV range for everyday driving to your office and back. In case you are not able to charge the car, you can drive it in combustion engine mode." Iyer said plug-in hybrids are priced 5-6 per cent higher than electric or conventional engine ca

Auto dealers expect deferred purchases to convert into festive deliveries from mid-October, while higher PV inventory and EV supply constraints remain key monitorables

At the same time, commercial vehicle sales grew 37.62 per cent year-on-year in September 2026 at 103,557 units

Euler Motors CEO Saurav Kumar says state policies can accelerate commercial EV adoption by addressing costs, financing and charging infrastructure barriers

Mercedes-Benz India could have sold another 1,000 vehicles with adequate CLA EV supplies; the carmaker has over 1,000 orders, with deliveries stretching into 2027