Carmakers

The Indian automobile industry is staring at a hit of about Rs 25,000 crore on bottom line for FY26 with the Environment Protection (End-of-Life Vehicles) Rules 2025 triggering an accounting standard clause that requires automakers to make budgetary provision for environmental compensation for vehicles sold in the past. According to industry executives, an "innocuous looking" clause in the Environment Protection (End-of-Life Vehicle) Rules, 2025 notified by Ministry of Environment, Forest and Climate Change, in January 2025 has spooked automakers after their auditors flagged the magnitude of its ramifications. The "Rule 4 (6)" of the January 2025 notification states, "In case the producer stops its operations, the producer must comply with its Extended Producer Responsibility (EPR) in respect of vehicles already made available in the market till closure of operations..." "This rule triggers accounting standard IND AS 37, ' Provisions, Contingent Liabilities and Contingent Assets', .

Carmakers began the new fiscal on a strong note, with an estimated 4.5 lakh units of passenger vehicles sold in April in the domestic market, up 27 per cent, on the back of record sales by firms, including Maruti Suzuki, Hyundai and Kia. The industry continued to benefit from the tailwinds of GST 2.0 carried forward from the second half of last fiscal, along with repo rate cut and income tax benefit, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said. Passenger vehicle (PV) sales in the domestic market were 3.54 lakh units in April last year. Maruti Suzuki India posted a record domestic sales of 1,91,122 units in April compared to 1,42,053 units in the year-ago month. Its previous highest domestic sales were in December 2025 at 1,82,165 units. "We are starting this year with a big bang. Small cars have contributed significantly to this growth," Banerjee told PTI. The company's small cars, comprising Alto, S-Presso, Celerio and WagonR, grew 74.4 .

Vietnamese electric carmaker VinFast on Wednesday said it will offer multiple product options addressing different segments in India as it reiterates its commitment to the country. The company launched its all-new premium electric, seven-seater multi-purpose vehicle VF MPV 7 priced at Rs 24.49 lakh (ex-showroom India). "With the VF MPV 7, we are entering a new segment, but more importantly, we are expanding our commitment to India," VinFast India CEO Tapan Ghosh said at the launch of the new model. Noting that the VF MPV 7 seven is designed for modern Indian customers to move together with family or friends, he said the new model is also a signal of where VinFast is headed in India. "We are here to offer multiple product options to Indian customers for their varied mobility needs," Ghosh said. VinFast has been accelerating expansion of its retail and service network across India with a target of 75 showrooms nationwide by the end of 2026, up from the current 50 touchpoints, Ghosh

The disruption comes at a time when India's car demand is soaring to record levels, with sales expected to cross 4.5 million units in the current fiscal year to March 31

After six major carmakers comfortably met CAFE-2 emission targets for FY24 and FY25, BEE is considering tougher, annually tightening CAFE-3 norms, though the industry favours a single target

At February 10 meeting, BEE proposed separate yearly CAFE-3 emission targets

Beyond the quota, the trade pact has negotiated a rate cut to 35 per cent over 10 years for fossil-fuel powered cars, officials added

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

The country's third-largest PV maker is scaling up output through debottlenecking and brownfield expansion as demand for Sierra builds and the Punch facelift, including a CNG automatic, gains traction

Total passenger vehicle sales stood at 3,99,216 units last month as compared with 3,14,934 units in the year-ago period, registering a growth of 26.8 per cent

Asian car and battery makers are changing their EV strategies after US market shifts, Ford's moves and policy changes shake up global electric vehicle plans

Scheduled for launch in early 2026, the Gravite will be locally manufactured at Renault-Nissan's Chennai plant and is the first model under Nissan's refreshed India strategy

A deep split has emerged within India's auto industry over the proposed CAFE exemption for small cars, with only Maruti Suzuki and Renault backing the move in the final SIAM vote

Both technologies, if combined, may narrow EVs' emission edge

Maruti Suzuki India, the largest unit of Japan's Suzuki Motor, has surpassed global heavyweights like Ford Motor, General Motors, and Volkswagen AG. It has even surpassed its Japanese parent company

Automakers are in the process of informing dealers about E20 usage in older cars and related guidelines

Xiaomi has set a delivery target of 350,000 units in 2025, up from its previous goal of 300,000, buoyed by demand for the newly launched YU7 and a ramp up in production

The new proposal made by the auto major goes against the consensus position submitted to the government in December 2024 after months of industry-wide consultation

Car theft is a growing problem in the UK, as almost 130,000 vehicles were stolen in the year ending March 2024-near a 15-year high-costing insurers $867 million

Renault shares fell as much as 8 per cent on Monday, their biggest one-day percentage drop since February 2022, as investors worried about the company's future without de Meo at the helm