Auto Industry

Detroit of Asia sputters as LPG dries up, input costs spike, labour thins

In Chennai's auto nerve centre, Ambattur, prolonged conflict ripples through supply chains, delaying deliveries, raising costs, testing small manufacturers' resilience

EV retail sales in India rise 24.6% to 2.45 million units in FY26: Fada

Total electric vehicle retail sales in India grew by 24.6 per cent at 24.52 lakh units in FY26 as compared to the previous fiscal, with every category delivering strong double-digit growth, Federation of Automobile Dealers Associations said on Tuesday. While electric two-wheelers crossed 14 lakh units, electric passenger vehicle retail sales missed the 2 lakh units by a whisker but surged 83.63 per cent in FY26, FADA said in a statement. "FY'26 has been a watershed year for India's electric mobility story. Total EV retail across two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles stood at approximately 24.52 lakh units, growing nearly 24.6 per cent YoY, with every category delivering strong double-digit growth," FADA President CS Vigneshwar said. In the electric PV category, total sales were at 1,99,923 units in FY26 as compared to 1,08,873 units in FY25, a growth of 83.63 per cent. Tata Motors Passenger Vehicles was the leader in the electric PV segment by ..

Auto retail sales scale new peak in FY26, inch closer to 30 mn units

Strong growth across segments, GST 2.0 benefits and rising rural demand pushed India's auto retail sales to a record 29.6 million units in FY26, with EV adoption also gaining pace

Passenger vehicle sales in India likely to moderate to 4-6% in FY27: Icra

India's passenger vehicle industry growth is expected to moderate to 4-6 per cent in FY27, largely due to the high base and evolving macroeconomic conditions, ratings agency ICRA said on Friday. For FY26, the industry is estimated to report wholesale volume growth of around 7-9 per cent, supported by strong festive demand, GST rate cuts and multiple new model launches, ICRA said in a statement. "The industry continues to witness structural shifts, with utility vehicles accounting for nearly 67 per cent of overall sales, reflecting sustained premiumisation trends," it said. Further, rising penetration of alternative powertrains such as CNG and electric vehicles is aiding demand diversification, ICRA said. Despite the anticipated moderation in growth, passenger vehicle original equipment manufacturers (OEMs) are expected to continue with significant capital expenditure towards new product development and electric vehicle platforms, while tractor manufacturers are likely to benefit fr

Electric vehicle sales saw surge in FY26 on strong year-end push

Electric vehicle sales rose sharply in FY26, driven by strong growth in two- and four-wheelers and a robust year-end push, as per Vahan registration data

Govt asks auto sector to optimise production as war hurts energy supplies

The ministry has also urged companies to shift factory operations from oil-based fuels to electricity and to use recycled aluminium or alternative materials as shortages and costs rise

India asks auto industry to optimise output as Iran conflict hits supplies

The government has already prioritised use of gas for households over industries, which get only about 80 per cent of their average needs

War has limited direct impact on our biz: TVS SCS MD Ravi Viswanathan

TVS Supply Chain Solutions sees limited direct impact from the West Asia crisis, with stable volumes and a strong growth outlook ahead.

Uber India shifts from reactive to predictive safety: Sooraj Nair

Uber India is embedding AI across its safety stack-from teen rides to driver compliance-as it expands beyond 125 cities

Volkswagen CEO vows more restructuring, sees lessons in China: Report

To avoid costly overcapacity, VW is applying "clear manufacturing cost targets" to all its plants, be they in Germany, Europe or China

India's auto boom at risk as West Asia conflict disrupts gas supply

The disruption comes at a time when India's car demand is soaring to record levels, with sales expected to cross 4.5 million units in the current fiscal year to March 31

Auto PLI reforms may give startups level playing field: Ather CEO

Ather Energy CEO Tarun Mehta said proposed reforms to the automobile PLI scheme may ease eligibility thresholds, enabling EV startups to compete and scale local innovation

CARS24 acquires Vehicle Info to build full-stack vehicle ownership platform

Acquisition of automotive utility app Vehicle Info will help CARS24 expand beyond buying and selling vehicles to build a platform offering services across the entire ownership lifecycle

Parliamentary committee flags startup exclusion in auto PLI scheme

Standing committee asks government to review eligibility norms in the auto PLI scheme, expand EV incentives and speed up upgrades of testing agencies

Audi India to hike prices by up to 2% from April 1 to offset rise in costs

German luxury carmaker Audi on Thursday said it will hike prices of its products in India by up to 2 per cent from April 1, 2026 to partially offset rise in input costs and adverse impact of currency fluctuations. The price hike will be across the model range and the ex-showroom price of models to increase up to 2 per cent, Audi India said in a statement. "Due to recent rising input costs and currency fluctuations, we are implementing a price adjustment of up to 2 per cent effective from April 1, 2026. We remain committed to minimising the impact of the price hike on our customers," Audi India Brand Director, Balbir Singh Dhillon said. Audi India currently sells a range of luxury cars and SUVs ranging from Q3 SUV to SUV RSQ8 priced between Rs 43.23 lakh and Rs 2.34 crore.

ACMA sends SOS to MHI over LPG crunch, export-import shipment delays

Auto component makers warn Red Sea shipping disruptions and LPG/PNG supply concerns are raising costs, delaying exports and threatening production across the supply chain

Renault puts India at centre of futuREady plan; four models by 2030

Renault names India a key global production and growth hub in its futuREady strategy, with plans to launch four new models in the country by 2030 as part of a global rollout of 36 vehicles

Euler Motors calls for relaxation of auto PLI criteria for EV startups

There is a need to relax criteria for India's PLI scheme for automobiles to enable electric vehicle start-ups to benefit and contribute to the country's green mobility journey, according to Euler Motors Founder & CEO Saurav Kumar. The high ceiling for revenue and investments outlined in the PLI for the auto sector has meant that a company like Euler Motors, despite being among the top players in the electric small trucks and three-wheeler cargo segment, has not been able to participate in the scheme, Kumar told PTI in an interview. As per the eligibility criteria of the auto PLI scheme, an OEM must have a minimum global group revenue of Rs 10,000 crore and invest in fixed assets worth Rs 3,000 crore. "That unfortunately did not incentivise start-ups like us who are equally investing in this space and pushing the technology and R&D at the forefront," he lamented. In terms of products, Euler Motors has both electric four-wheeler and three-wheeler commercial cargo vehicles, which

Uber says regulatory hurdles make shuttle business a challenging space

Uber says its shuttle business remains challenging due to regulatory hurdles restricting expansion beyond Delhi and Kolkata, even as it pushes ahead with intercity bus and multi-modal plans

Auto retail sector posts record sales at 2.41 mn units in February: Fada

Passenger vehicles, two-wheelers, three-wheelers and commercial vehicles hit highest February sales ever, reflecting broad-based demand and GST 2.0 impact