Auto Industry

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

2W makers to oppose immediate real driving emission norms in BS7

During internal discussions, major 2W makers have cited concerns over the weight and accuracy of equipment used to measure RDE on the road, as its heaviness itself can increase emissions

Ashok Leyland Q1 net profit rises 0.8% to ₹616 crore, revenue up 12%

Ashok Leyland posted its highest-ever first-quarter revenue and net profit, driven by record volumes, even as rising material costs weighed on operating margins

Ashok Leyland Q1FY27 results: Net profit rises 1.5% to ₹667.77 crore

Commercial vehicle maker Ashok Leyland Ltd on Friday reported a 1.5 per cent increase in consolidated net profit at Rs 667.77 crore for the first quarter ended June 30, 2026. The company had posted a consolidated net profit of Rs 657.72 crore in the corresponding period of the previous fiscal, Ashok Leyland Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 13,069.59 crore in the quarter under review as against Rs 11,708.54 crore in the year-ago period, it added. The company's board has approved an investment of up to 25 million pounds (approximately Rs 325 crore) in its UK subsidiary Optare Plc. and another up to Rs 500 crore in equity shares of Hinduja Housing Finance Ltd through secondary purchase of shares. Total expenses in the quarter under review were higher at Rs 12,314.66 crore as compared to Rs 10,920.53 crore in the same period a year ago, the company said. During the quarter, the company said it posted its highest ever commercial vehicles

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

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

Maruti Suzuki chairman calls for faster reforms, easier business climate

Maruti Suzuki India Ltd Chairman RC Bhargava has urged the Centre and state governments to proceed faster on the road of reforms and increase efforts to make doing business easier, while requesting all political parties to support reforms and programmes that create wealth. In his message to shareholders in the company's annual report for 2025-26, the veteran industry leader also noted that the government, and the opposition, should "ensure that the additional resources that would be generated would be used to create a more equitable and just society". Bhargava also said that considering how the car industry has grown post GST2.0, there could be some changes in the company's longer-term target and "presently, we are estimating that the car industry would grow to 6.1 to 6.3 million by FY 2030-31 and that the share of the small car market would grow significantly faster than what had happened in the last five years". He also reiterated the company's stand on the need to use multiple ..

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

Eicher Motors leases 4 lakh sq ft industrial space in Chennai for ₹74 crore

The seven-year lease at Casagrand Industrial Park comes as India's logistics and industrial real estate sector records its strongest first-half leasing performance

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

Total automobile retail sales in India grew by 25.89 per cent year-on-year to 25,91,138 units in July, continuing with the demand momentum that set in after rationalisation of GST in the latter part of last year, the Federation of Automobile Dealers Associations said on Thursday. In July last year, total automobile retail sales in India were at 20,58,325 units, Federation of Automobile Dealers Associations (FADA) said in a statement. Passenger vehicles (PV) retail sales were at 4,16,555 units last month as compared to 3,49,674 units in July 2025, a growth of 19.13 per cent, it added. Sales of two-wheelers were at 18,18,289 units in July this year compared to 14,17,767 units in the same month a year ago, up 28.25 per cent, it added. Three-wheeler sales stood at 1,33,778 units last month as compared to 1,15,166 units in July 2025, a growth of 16.16 per cent, FADA said. Commercial vehicles also witnessed a 24.04 per cent rise in retail sales at 99,666 units last month as compared to

Honda Motor outsources new vehicle programme to Tata Tech to cut costs

The farming out of this crucial function marks a departure for Honda, which has typically kept development of core vehicle platforms largely in-house or within its established supplier network

Auto firms comfortable with V2V rollout after longer implementation window

Carmakers say 2028 mandate gives time to prepare suppliers, contain cost impact

Software takes the wheel as the auto industry goes increasingly digital

As vehicles transform into rolling digital hubs, automakers face the challenge of maintaining cybersecurity on global roads

Renault India's domestic sales surge 27.9% to 3,293 units in July

Renault India has reported a 27.9 per cent increase in domestic wholesales at 3,293 units in July 2026 as compared to 2,575 units in the same month last year. The company has registered double-digit year-on-year growth for the eleventh consecutive month, Renault India said in a statement. The performance was supported by sustained demand across Renault India's product portfolio and remained broadly aligned with overall industry growth during the month. "Supported by sustained demand and recent product actions, Renault India remains focused on maintaining its growth momentum and strengthening its presence across key segments of the Indian passenger vehicle market," the company said.

How reforms revved up India's auto industry over the past 35 years

The reforms of 1991 not only enhanced car buyers' choices but also helped put Indian manufacturing on the global map

Hero to TVS: Two-wheeler makers ride export wave, but watch road ahead

Hero, TVS, and Bajaj count on overseas markets while bracing for global uncertainty

Maruti targets 25-30% growth in SUV sales in FY27 on new Brezza, launches

SUV contribution to Maruti Suzuki's domestic sales has risen from 12 per cent in FY23 to around 30 per cent in the first quarter of FY27

Will VinFast sustain its business in India's hyper-competitive market?

VinFast, the automotive subsidiary of the $12.83 billion Vingroup, the largest private conglomerate in Vietnam, is making waves in India

India's auto sector to commission ₹703 billion of projects by FY29: Report

A Brickwork Ratings report said the auto sector's revenue would grow at a compound annual growth rate of around 7.5 per cent to nearly ₹26 trillion over the coming years