Passenger Vehicles

Robust utility vehicle demand, GST 2.0-led momentum and lower financing costs keep passenger vehicle dispatches strong, with industry expecting record sales in calendar 2026

Draft norms propose tighter fuel-efficiency targets from FY28 to FY32, compliance credits, super credits for cleaner vehicles and incentives for renewable fuels

The Ministry of Power on Thursday released Draft Corporate Average Fuel Economy 2027 Norms (CAFE-III) and sought suggestions from stakeholders. The new norms, which aim to progressively reduce vehicle emissions, will replace the existing CAFE-II norms that are likely to come to an end on March 31, 2027. The norms are proposed to be applicable to M1 category passenger vehicles manufactured or imported for sale in India during 2027-28 to 2031-32, the ministry said in a statement. Passenger vehicles that have up to eight seats, in addition to the driver's, fall in the M1 category. The ministry said stakeholders and the public can mail their suggestions and feedback or send them to the under secretary, energy conservation. The last date for receipt of suggestions and feedback is August 6, 2026. The draft norms shall also be uploaded on the websites of the Ministry of Power and the Bureau of Energy Efficiency shortly, the ministry said. According to an official, compliance to the pro

India's automobile industry recorded its strongest-ever first quarter, with record sales across key segments, while SIAM expects festive demand and easier financing to sustain momentum

Domestic passenger vehicle dispatches from companies to dealers clocked a record 12,73,811 units in the first quarter of this fiscal year, registering a growth of 25.9 per cent driven by strong domestic demand despite the headwinds from the West Asia war, industry body SIAM said on Wednesday. Passenger vehicle dispatches in the first quarter of last fiscal year stood at 10,11,884, Society of Indian Automobile Manufacturers (SIAM) said in a statement. The previous highest dispatches of PVs in the first quarter of a fiscal year was posted in Q1 of 2024-25 at 10.3 lakh units. Two-wheelers posted a growth of 20.3 per cent in the first quarter at 56,28,675 units as against 46,77,990 units in the year-ago period, SIAM said. Three-wheelers also clocked highest-ever Q1 dispatches at 2,14,339 units as compared to 1,65,211 units in the same period last fiscal year, a growth of 29.7 per cent, it added. In Q1 of 2026-27, commercial vehicles also posted its highest-ever sales with 2.65 lakh un

Domestic passenger vehicle dispatches from companies to dealers rose 24.1 per cent year-on-year to 3,88,144 units in June this year, industry body SIAM said on Wednesday. Passenger vehicle dispatches stood at 3,12,851 units in June 2025, Society of Indian Automobile Manufacturers (SIAM) said in a statement. Total two-wheeler sales rose 18.6 per cent to 18,51,400 units last month as against 15,61,283 units in June last year, it added. Three-wheeler dispatches to dealers were up 26.1 per cent last month at 77,951 units as against 61,828 units in the year-ago period, it added.

The Japanese automaker aims to sell 100,000 vehicles in India and export another 100,000 annually by FY28, with the new Tekton SUV expected to drive growth

The company had been manufacturing seat recliners since 2022, but is now expanding to manufacture complete seating systems.

Record June retail sales across vehicle segments underscore resilient consumer demand, supported by GST changes, rural momentum and rising adoption of alternative-fuel vehicles

Suzuki Motor Corporation will expand the capacity of its newly inaugurated Kharkhoda manufacturing facility in phases, reinforcing its long-term commitment to India

With India's electric vehicle adoption crossing the 'early adopters' phase, Tata Motors Passenger Vehicles is turning to majority of customers to drive EV adoption with four new products and over ten refreshes lined up for launch by FY31 to sustain its leadership position. Early Adopters are those consumers who adopt a new idea or technology to gain a competitive edge. The company is preparing for the next phase of growth in its electric vehicles segment, eyeing over 30 per cent EV penetration by FY31, according to an investor presentation. "Currently, EVs are being considered by the early majority; we will enhance products to drive adoption among early and late majority customers," the company said. Early majority consumers are those who need to see successful case studies before buying, while late majority consumers are skeptical individuals who adopt only after the average person has adopted a new idea or technology. EV adoption in India has crossed "from early adopters into th

The automaker said a "significant" share of its over 600,000 ‌incremental volumes by FY31 will be driven by electric and CNG vehicles

Domestic automakers Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles are looking to tap opportunities in the electric car segment in the UK, as India's free trade pact with the country will allow duty-free exports for specified price segments under a quota system. As per the India-UK CETA document, released last week, India will get access to the UK's electric, hybrid/hydrogen passenger cars segment, with duty-free exports to that country from the sixth year in the price segment ranging from under GBP 20,000 to 80,000, with the total quota reaching a peak of 88,000 units from the 15th year and continuing in the subsequent years. The free trade agreement (FTA) between the two countries, which is expected to help double two-way commerce to USD 100 billion by 2030, will come into force on July 15. "The India-UK FTA is a positive development that could create new opportunities for India-manufactured electric vehicles," M&M Ltd President, Automotive Business, ..

However, the stock erased some losses by close and ended 8.2 per cent lower at ₹361.50 on the BSE. In comparison, the BSE Sensex closed 0.45 per cent higher at 77,155.62 levels.

SDV strategy to complement pipeline of new launches across ICE, CNG and EV segments

Scooters powered highest-ever 2W volumes, shows Siam data

Automakers are increasingly opting for smaller, more frequent price increases to offset rising input and manufacturing costs, rather than implementing annual hikes

Tata Motors Passenger Vehicles Ltd on Friday said it will increase prices of its passenger vehicle portfolio, including both internal combustion engine (ICE) and electric vehicles (EV), by up to 1.5 per cent from July 1. "This price revision is being undertaken to partially offset the impact of rising input costs and sustained inflationary pressures," the company said in a regulatory filing. While Tata Motors Passenger Vehicles continues to absorb a significant portion of these increases, a part of the impact is being passed on to customers through this adjustment, the company stated. "The extent of the price increase will vary across models and variants, ensuring that the overall value proposition of each offering is maintained," it added.

India's EV sales surged 45% to a record 2.72 lakh units in May, pushing overall EV penetration above 11% for the first time amid rising fuel costs

Maruti Suzuki's new RD-backed auto loan scheme helps buyers build a down payment while enabling lenders to assess repayment discipline before loan disbursal