Auto Industry

Auto industry weighed down by forex pressure as rupee depreciates

With the rupee weakening against the euro and dollar, luxury and mass-market automakers are preparing steep price hikes as rising import and semiconductor costs squeeze margins

VinFast to expand facility for electric two-wheelers, buses in Tamil Nadu

VinFast will invest an additional $500 million to expand its Thoothukudi facility for electric bus and e-scooter manufacturing, under a new MoU with Tamil Nadu

Ultraviolette raises $45 million from Ferrari-investor Lingotto, Zoho

EV two-wheeler maker Ultraviolette has raised $45 million in its Series E round from Zoho and Exor's Lingotto, as it scales production, advances battery tech and prepares for an IPO by FY28

Maruti installs 2,000 exclusive EV charging points across 1,100 cities: MD

Maruti Suzuki builds a 2,000-point EV charging network across 1,100 cities as it prepares to launch the five-star-rated e-Vitara in 2026 and ramps up nationwide electric mobility support

Tesla's China-made EV sales rise nearly 10% in Nov amid fierce competition

Tesla's main business has been under pressure, notably from Chinese rivals, while Elon Musk shifts his focus to self-driving robotaxis and humanoid robotics

Domestic PV wholesales rose 21% in November, fuelled by GST cuts

Banerjee said that the wholesales in December are also expected to be good as the production team is working overtime to satisfy the high demand

May have to discontinue small cars if CAFE targets unjust: Maruti

Maruti Suzuki warns that unworkable CAFE-3 emission targets could force small, low-emission cars off the road, urging realistic norms and pushing back against industry claims on safety and exemptions

Hyundai sales rise 9% to 66,840 units in November on strong demand

Hyundai Motor India on Monday reported a 9 per cent year-on-year increase in total sales at 66,840 units in November. The company dispatched 61,252 units to its dealers in the same months last year. In the domestic market, the automaker sold 50,340 units, as compared with 48,246 units in November 2024, registering a growth of 4 per cent. Exports stood at 16,500 units, as against 13,006 units in the same period last year. "Supported by GST 2.0 reforms, we continue to carry forward sales momentum with a year-on-year growth in our monthly domestic sales in November 2025," Tarun Garg, Whole-time Director & Chief Operating Officer, said in a statement. Further, the company's commitment to bolstering India's role as a global manufacturing hub is further solidified with 26.9 per cent year-on-year growth in monthly exports, he added.

CAFE weight relief will hit EV momentum in India: M&M, Tata Motors

Draft CAFE norms distort level playing field, they added

CAFE weight relief for small cars will favour 1 firm: Swadeshi Jagran Manch

Mahajan warns that a sub-909 kg carve-out could distort competition, curb R&D and slow India's clean-mobility goals

Sansera hits new high, zooms 85% from March low; what's driving this stock?

Sansera hit a new high at ₹1,769 on Thursday. The company has a robust orderbook of ₹2,150 crore as of Q2FY26, with over 60 per cent from international markets.

myTVS eyes Africa, Europe as it plans 2,500 service centres by 2027

myTVS aims to expand into Africa and Europe and scale its multi-brand service network from 1,200 to 2,500 centres by 2027, supported by 10 million active service subscriptions and a UAE partnership

Two-wheeler sales soar to record high in Oct on GST cuts, festive demand

India's two-wheeler industry recorded its best-ever monthly sales in October 2025, buoyed by GST 2.0 rate cuts, festive buying and strong rural demand, with ICRA projecting steady growth for FY26.

Tata Motors targets 20-25% SUV share with new Sierra: MD & CEO Chandra

Eyes doubling EV volumes in FY26

Weighty matters for cars: CAFE row overlooks public-policy objectives

From the point of view of optimal urban-traffic management and, indirectly, urban pollution and public-health objectives, this exemption could, however, be seen as unexceptionable

Proposed new CAFE norms spark a big vs small car debate in India

Throw tax rates, complex regulations and shifting demand into the mix, and things start to get complicated for automakers

Zypp Electric targets 5x fleet in 2-3 years: Cofounder and CEO Akash Gupta

The company aims to enter 25 cities and capture 10-12 per cent of all last-mile deliveries in these markets

Rolls-Royce expects non-govt power biz to outgrow govt supplies by 2026-27

Multinational aerospace and power systems major Rolls-Royce expects non-governmental business of its power systems vertical in India to outgrow the traditionally dominant government supplies by 2026-27, according to its top officials. The company, which sells MTU brand of products and solutions in India under its power systems business, is betting big on the boom in power solutions for data centres, semiconductor sites and other institutional backup installations, including factories. Rolls-Royce's power systems business, a specialist for large engines, propulsion systems and distributed energy systems, is marking 25 years of presence in the country with over 2600 MTU engines and gensets in service across naval and land defence, mining, and powergen sectors. "India for us, from a power systems perspective, the focus was Navy, Army, servicing the products, as well as some mining business and some emergency backup power for some hospitals, or some critical infrastructure," Giovanni ..

Indian cars gain ground in Europe as global automakers ramp up exports

India is becoming a major export base for global carmakers, with shipments to Europe rising fast as companies invest more in local factories and look for alternatives to China for manufacturing

Auto sector seeks relief on Rs 2,500 cr cess credit lapse under GST 2.0

Auto industry representatives are understood to have taken up with the government the issue of Rs 2,500 crore compensation cess credits arising out of GST 2.0 regime in their pre-Budget meeting, according to sources. Representatives from the auto industry, including Society of Indian Automobile Manufacturers (SIAM), in their meeting with Finance Minister Nirmala Sitharaman and senior officials held on Tuesday, raised the matter and sought a resolution of the matter citing genuine concerns of dealers, which are mostly small and medium enterprises, a person aware of the development said. The accumulated compensation cess lapsed on September 22 with new GST norms coming into effect. In October this year, the Federation of Automobile Dealers Associations (FADA) moved the Supreme Court seeking relief over Rs 2,500 crore worth of compensation cess credits. FADA had then asserted that its knocking at the doors of the Supreme Court was "not against reform, but for fairness and trust" as ..