Page 9 - Auto

Passenger vehicle dispatches rise 34.3% YoY to 457.8K units in July: Siam

Total two-wheeler sales rose 22.6 per cent to 19,23,483 units last month, as against 15,69,120 units in July last year

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

Yulu raises $93 mn in Series C funding round, targets 200,000 EV fleet

The funding comprises $63 million in equity led by GEF Capital Partners and $30 million in debt

The currency effect: Fx-driven hikes steer buyers towards used luxury cars

BMW's used-car sales jump 54% in H1; Audi sold nearly one pre-owned car for every new vehicle in 2025; Mercedes-Benz reports double-digit growth

Govt expects auto PLI incentive disbursal to be more than 2x in FY27

Centre expects ₹4,700 crore in incentives against ₹2,322 crore paid in first two years

Govt extends PM E-DRIVE subsidy for e2Ws till FY28, allocates ₹1K cr more

Additional funding will extend incentives for electric two-wheelers until March 2028 as the government seeks to raise e2W penetration from the current 7.6 per cent to 9-10 per cent

Govt halves e2W subsidy to ₹5k, extends PM E-DRIVE scheme till March 2028

Electric 2-wheeler incentive halved to ₹2,500/kWh, capped at ₹5,000 per vehicle; overall scheme outlay remains unchanged at ₹11,900 crore

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

5% cut in cost of ownership can make electric trucks competitive: MHI

TCO refers to the cost of buying and operating a vehicle over its lifetime

Hyundai Motor eyes cumulative sales of 1 million connected cars by 2027

The company has over 800,000 connected cars currently on Indian roads equipped with its proprietary AI-powered connected car technology platform, 'Hyundai Bluelink'

CNH's India posts 42% jump in H1 tractor sales, eyes capacity boost

President and Managing Director of CNH India, said exports rose about 20 per cent to 6,666 units in the same six-month period, outpacing the prior year

Maruti sees passenger vehicle market rising to up to 6.3 mn units by 2031

Maruti is reassessing its five-year growth targets as it expects the small-car segment to expand significantly faster than in the past five years, the company said in a statement

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.

Heavy eTruck sales surge 12-fold in July; Olectra eyes entry into the space

Heavy electric truck registrations jumped twelvefold YoY in July as rising fuel costs improved EV economics, prompting Olectra to target around 1,000 units in FY28.

Hero MotoCorp sees 2W industry nearing double-digit volume growth in FY27

Strong demand after GST rate cuts is expected to support industry growth in FY27, while Hero ramps up capacity for Vida electric scooters, ICE scooters and Splendor

Electric truck sales surge as fuel prices rise; Olectra eyes entry

Electric truck registrations jumped twelvefold YoY in July as rising fuel costs improved EV economics, prompting Olectra to target around 1,000 units in FY28.

Electric vehicle retail sales break record at 327,901 units in July: Fada

The previous record for electric vehicle retail sales in India was in June this year at 306,220 units, growing at 63 per cent over the same month last year, taking overall EV penetration to over 12%

Maruti urges govt to launch amnesty scheme for past indirect tax disputes

CFO Arnab Roy calls for an "as-is" settlement mechanism or amnesty option to clear the historical litigation backlog and unlock trapped capital

E20 effect: Petrol car market share dips, CNG leads alternative fuel charge

Petrol car penetration fell to a record low of 41.68% in July as E20 concerns pushed buyers towards CNG, hybrids and EVs, according to FADA

Auto industry total retail sales up 26% at 25,91,138 units in July: FADA

India's auto retail sales rose 25.9% in July, with every vehicle segment posting record monthly volumes as GST changes, financing and festive demand lifted sales