Page 32 - Auto
Auto parts sector to grow 7-9% in FY26, driven by 2W, PV demand: Crisil
A moderate recovery in commercial vehicles and tractor sales, which contribute around 17 per cent to overall revenue, is also expected to support growth
 "Auto parts sector to grow 7-9% in FY26, driven by 2W, PV demand: Crisil")
Renault Group seeks CCI nod to buy out remaining 51% stake in Indian JV
Renault Group B V and its nominee Renault SAS have proposed to acquire the entire shareholding of the Nissan entities in Renault Nissan Automotive India Pvt Ltd (RNAIPL)
 "Renault Group seeks CCI nod to buy out remaining 51% stake in Indian JV")
Entry-level car buyers priced out even as SUV sales surge in India
Two-wheeler owners finding upward mobility challenging
 "Entry-level car buyers priced out even as SUV sales surge in India")
Suzuki Motorcycle India to set up ₹1,200 cr manufacturing plant in Haryana
The new Haryana plant will produce 750,000 two-wheelers annually and is part of Suzuki's growth strategy for rising demand, localisation, and sustainability goals
 "Suzuki Motorcycle India to set up ₹1,200 cr manufacturing plant in Haryana")
Mahindra Bolero, Bolero Neo 'Bold Edition' in India: Price, features & more
Both the Mahindra Bolero and the Bolero Neo Bold Edition have been reintroduced with new looks. Interested customers can book the upgraded version in advance on the Mahindra official website
 "Mahindra Bolero, Bolero Neo 'Bold Edition' in India: Price, features & more")
Honda Rebel 500 launched in India; Check price, features, bookings and more
The much-awaited Honda Rebel 500 has arrived in India. The all-new motorcycle competes with the Royal Enfield Shotgun 650, Super Meteor 650 and the Kawasaki Eliminator 500
 "Honda Rebel 500 launched in India; Check price, features, bookings and more")
Cab segment drives up to 25% of Rapido's total bookings: Aravind Sanka
We are working with fleet operators and charging networks to make sure both of them work in tandem, says Sanka
 "Cab segment drives up to 25% of Rapido's total bookings: Aravind Sanka")
India leads electric three-wheeler market with 20% rise in sales: IEA
India electric three-wheelers, largest market, 20% sales rise, 7 lakh vehicles, 2024, International Energy Agency, IEA report, Global EV Outlook 2025, global electric 3W market, electric three-wheeler
 "India leads electric three-wheeler market with 20% rise in sales: IEA")
Belrise eyes four-wheeler, CV push ahead of ₹2,150-cr IPO on May 21
Belrise Industries, dominant in two-wheeler components, plans to expand into CVs and four-wheelers as it raises ₹2,150 crore through an IPO opening on May 21
 "Belrise eyes four-wheeler, CV push ahead of ₹2,150-cr IPO on May 21")
Passenger vehicles sales up 4% in April, two-wheeler despatches fall
Overall exports up 20% in April amid geopolitical tensions, says SIAM
 "Passenger vehicles sales up 4% in April, two-wheeler despatches fall")
PV dealers likely to post 7-9% revenue growth in FY26: Crisil Ratings
Passenger vehicle dealerships may see margin recovery and stable credit profiles in FY26 as SUV demand, rural recovery, and higher-margin services bolster growth
 "PV dealers likely to post 7-9% revenue growth in FY26: Crisil Ratings")
Govt plans 360 kW charging points along highways for heavy-duty EVs
According to the latest guidelines from the power ministry, minimum charger capacities are 12 kW for e2w and e3w, 60 kW for e4w, and 240 kW for e-buses and e-trucks
 "Govt plans 360 kW charging points along highways for heavy-duty EVs")
Maharashtra's new EV policy may take 'toll' on toll operators' cash flows
Toll waivers on major highways may impact cash flows of operators like IRB, but low EV penetration and expected compensation make long-term effect minimal
 "Maharashtra's new EV policy may take 'toll' on toll operators' cash flows")
Electric vehicle charging app with real-time data, pay system on cards
New app aims to tackle limited availability, non-functional stations, and inconsistent standards
 "Electric vehicle charging app with real-time data, pay system on cards")
India's PV market to grow 1-2% in FY26, Maruti Suzuki to exceed pace: SMC
Suzuki Motor Corp expects India's PV sales to grow modestly in FY26 but Maruti Suzuki may outperform due to new SUV launches and rising exports
 "India's PV market to grow 1-2% in FY26, Maruti Suzuki to exceed pace: SMC")
India PV growth likely at 1-2% in FY26; Maruti to outpace industry: Suzuki
In addition, the new Kharkhoda plant where it initiated production in February this year, will contribute "to increased production and sales of the popular SUV Brezza"
 "India PV growth likely at 1-2% in FY26; Maruti to outpace industry: Suzuki")
Tesla scouts for land in Satara to set up completely knocked down unit
Last week, Tesla's India head Prasanth Menon stepped down. A Tesla's China team will now oversee the EV maker's India operations
 "Tesla scouts for land in Satara to set up completely knocked down unit")
Siam seeks six-month rare earth supply lifeline to keep EVs rolling
Such a move would eliminate the need for Indian importers to seek clearance for each shipment - a process both tedious and time-consuming
 "Siam seeks six-month rare earth supply lifeline to keep EVs rolling")
Tesla India head Prashanth Menon resigns as EV maker prepares India entry
Prashanth Menon's resignation comes as Tesla plans entry into Indian markets
 "Tesla India head Prashanth Menon resigns as EV maker prepares India entry")
Kia Clavis launched in India today: Check design, features, price, and more
Kia has officially launched the all-new Clavis in India, a bold and feature-rich alternative to the Carens. Bookings open from midnight today
 "Kia Clavis launched in India today: Check design, features, price, and more")