Page 2 - Anjali Singh

EVs may account for 7-8% of FY28 sales: Hyundai Motor India MD & CEO

Automaker plans dedicated sub-four-metre electric model; targets 50 per cent combined share for EVs, hybrids and CNG vehicles by 2030

Gadkari unveils ₹4,000 retrofit device to cut PM emissions by 90%

The road transport minister also urged automakers to offer discounts against scrappage certificates to accelerate fleet replacement and boost demand for new vehicles

Expand footprint in developed markets: Goyal to auto component cos

Commerce minister asks industry to leverage trade agreements, build overseas manufacturing presence, move up the value chain and strengthen supply-chain resilience

Auto-component makers face rising competition for talent, raw materials

ACMA and BCG said fast-growing sectors such as data centres and renewables are competing for common inputs and talent, even as vehicle demand remains robust

Fada to seek OEM meetings as two-wheeler dealers flag workshop losses

Dealers seek higher workshop revenue per vehicle and action on competition from multi-brand outlets as FADA prepares to take profitability concerns to manufacturers

Aurobindo Pharma enters US inhalation market with generic Advair launch

The launch marks Aurobindo Pharma's entry into the US inhalation market and expands its complex generics portfolio beyond conventional oral solid formulations

Ola Electric gets ₹95.8 crore PLI boost as it works to cut cash burn

The latest PLI sanction gives Ola Electric incremental liquidity as the company works to lower operating losses and reduce cash consumption

Volkswagen group weighs global EVs, local assembly for India market

Automaker evaluates global portfolio as EV penetration is projected to reach 17-18 per cent by 2030

PV makers ramp up festive preparations, but brace for slower H2 growth

Production and dealer stocking rise ahead of festivals, but high base and inventory risks loom over H2 growth

Skoda targets profitable India growth, weighs CNG and niche diesel return

Evaluates India-made electric SUV as it deepens localisation, expands its retail network beyond 200 locations and looks to widen its customer base in smaller markets

Mahindra targets 5% heavy truck share, plans to add 15 dealerships

The company plans to expand its dealership network and leverage SML Mahindra as it targets higher market share in key heavy truck segments

Tata Motors Q1 profit jumps 83% on strong CV demand, flags price hikes

The commercial vehicle maker reported a net profit of Rs 2,560 crore as volumes rose 26 per cent, but commodity inflation weighed on margins and prompted price increases

Policy support, lower costs to lift e-bus penetration to 30% by FY30: Icra

Electric buses offer lower ownership costs than diesel and CNG models, while government schemes and payment-security reforms are expected to accelerate adoption

Higher costs drag Zydus Lifesciences' Q1 profit down 36%; revenue rises 22%

Revenue from operations rose 22 per cent to Rs 8,017 crore, led by India formulations, consumer wellness and international markets, while EBITDA margin contracted

Scooter sales outpace motorcycles as GST cuts, EV boom reshape 2W market

Scooter sales outpaced motorcycles in Q1FY27 as EV adoption, lower GST, affordability and changing commuting preferences boosted demand across the segment

Bharat Forge posts ₹89.7 cr Q1 loss, retains 20-25% India growth outlook

Bharat Forge reported an Rs 89.7 crore consolidated net loss after restructuring charges at its German subsidiary, while revenue from operations rose 18.7 per cent

Maruti Suzuki posts record sales, eyes faster path to next million vehicles

Maruti Suzuki expects small-car revival, new SUVs, capacity expansion and record exports to help it reach its next million-vehicle sales milestone sooner than anticipated

EV retail sales hit record high in July as adoption gathers pace

EV retail sales rose 66 per cent year-on-year to 327,901 units in July, pushing penetration to nearly 12 per cent as adoption accelerated across vehicle segments.

JK Tyre sees double-digit FY27 revenue growth despite input cost pressure

Robust domestic demand from original equipment manufacturers and the replacement market is expected to support growth, even as elevated input costs continue to weigh on margins

Biocon eyes stronger H2FY27 growth on back of recent US product launches

Biocon expects momentum to strengthen in H2FY27, driven by new US biosimilar and generic launches, improved operating leverage and a favourable product mix