Auto Industry

Datanomics: India's rising car exports face fresh Lankan speed bump

After lifting its import ban in 2025, Sri Lanka has seen a sharp rise in vehicle imports, prompting a temporary surcharge to protect forex reserves and ease pressure on the external sector

Maruti Suzuki commences production at second unit of Kharkhoda facility

The second unit has an annual manufacturing capacity of 250,000 units. The first unit, which can also produce 250,000 units per year, had started production in February 2025

India to drive Hyundai Motor's global production, export road map

Hyundai Motor India plans to cross 1 million units of production capacity by FY28, with Chennai playing a central role in exports and new model launches

Hero MotoCorp plans ₹1,500 cr capex to double scooter production capacity

Two-wheeler market leader Hero MotoCorp has earmarked Rs 1,500 crore capex for FY27 to double its scooter production capacity, according to its CEO Harshavardhan Chitale. The company has also committed over Rs 700 crore of investment in building a global parts centre in South of India, he told analysts. "We are investing in capacity expansion, and we have committed over Rs 1,500 crore of capex in FY27. And this capex is going to expand our capacity in scooters, where for some of our models that are doing very well, we are doubling our capacity," Chitale said. With the company doing "60,000-odd scooter volume run rate" monthly at present, when asked if doubling it could mean closer to 1 lakh, he said,"That's our ambition." Elaborating on the scooter capacity expansion, Chitale said in the ICE (internal combustion engine) scooters, Hero MotoCorp has increased 'Destini' model capacity by 50 per cent already. "We are in the process of doubling our Xoom capacity," he added. On EV, he

Macro challenges may make Tata Motors Passenger Vehicles' drive bumpy

EVs have a quarterly run rate of 24,000 units (Q4 volumes were 27,000 units). Management targets 10,000 units per month

Why two- and three-wheeler EV startups are pushing for PLI scheme inclusion

Why startups in two- and three-wheeler EV space have escalated their demand for PLI inclusion

JSW MG Motor set to build an Indian core for electric passenger vehicles

Mehrotra said that their aim is to hit the target of 70% localisation- within 12 to 18 months and many of their cars like the electric Comet have already crossed the 50% localisation mark

With India stuck in ICE age, China set to lead electric 2W export race

China is rapidly capturing global electric two-wheeler markets, while India risks missing a major export opportunity despite its dominance in ICE segments

ELV rules make auto sector non-compliant, FY26 scrap target missed by 70%

Auto companies in India fell short by 70 per cent in meeting the steel equivalent vehicle scrapping commitments in FY26 set under the environment ministry's end-of-life vehicle rules, even as industry executives blamed 'unrealistic policy' for making the entire sector non-compliant. The Ministry of Environment, Forest and Climate Change, notified the Environment Protection (End-of-Life Vehicle) Rules, 2025, in January last year, and it came into effect on April 1, 2025. It required automakers to meet extended producer responsibility (EPR) obligations on the basis of the weight of steel recovered from the scrappage of end-of-life vehicles (ELVs) or other steel scrap materials processed at registered scrapping facilities. However, a draft amendment to the notification on March 27, 2026, issued by the ministry removed the provision of 'other steel scrap materials' for the issuance of the EPR certificate, mandating only steel generated from scrapped vehicles to be counted for the ...

Mahindra group appoints Vimal Agarwal as group chief internal auditor

Mahindra Group has appointed Vimal Agarwal as Group Chief Internal Auditor from July 1, 2026, as the conglomerate sharpens its focus on governance and internal controls

2W industry to grow high single digits despite West Asia crisis: Hero

About 21.71 mn two-wheelers were sold in India in FY26, recording a 10.7% year-on-year growth, primarily driven by the GST rate cuts implemented in September 2025

Maruti Suzuki India starts FY27 with increase in market share to 42%

The country's largest carmaker, Maruti Suzuki India, has started the new fiscal 2026-27 with a 42 per cent market share, increasing from 39 per cent in the previous fiscal. According to industry estimates, the company, which posted a record domestic sales of 1,91,122 units in April, gained nearly 3 percentage points in market share the month. Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee, told PTI that although the company's increase in market share has been led by its passenger cars, SUVs have also made a significant contribution. "We started the new fiscal with a bang in April with record sales and also gained market share," he said. The company's previous highest domestic sales were in December 2025 at 1,82,165 units. Its passenger car sales were at 96,725 units in April this year as against 68,244 units in the same month last year. "In SUV, we have done an all-time high of 55,065 units in April with a growth of 141.6 per cent over last year.

Auto industry faces ₹25k cr hit on profits due to end-of-life vehicle rule

The Indian automobile industry is staring at a hit of about Rs 25,000 crore on bottom line for FY26 with the Environment Protection (End-of-Life Vehicles) Rules 2025 triggering an accounting standard clause that requires automakers to make budgetary provision for environmental compensation for vehicles sold in the past. According to industry executives, an "innocuous looking" clause in the Environment Protection (End-of-Life Vehicle) Rules, 2025 notified by Ministry of Environment, Forest and Climate Change, in January 2025 has spooked automakers after their auditors flagged the magnitude of its ramifications. The "Rule 4 (6)" of the January 2025 notification states, "In case the producer stops its operations, the producer must comply with its Extended Producer Responsibility (EPR) in respect of vehicles already made available in the market till closure of operations..." "This rule triggers accounting standard IND AS 37, ' Provisions, Contingent Liabilities and Contingent Assets', .

EV sales jump nearly 70% in Jan-Apr; momentum sustains beyond March spike

April volumes hold near peak despite fewer selling days; Tata leads while M&M and Maruti gain share amid broad-based growth

Bright start to FY27 for carmakers with sales of 450K units in April

Carmakers began the new fiscal on a strong note, with an estimated 4.5 lakh units of passenger vehicles sold in April in the domestic market, up 27 per cent, on the back of record sales by firms, including Maruti Suzuki, Hyundai and Kia. The industry continued to benefit from the tailwinds of GST 2.0 carried forward from the second half of last fiscal, along with repo rate cut and income tax benefit, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said. Passenger vehicle (PV) sales in the domestic market were 3.54 lakh units in April last year. Maruti Suzuki India posted a record domestic sales of 1,91,122 units in April compared to 1,42,053 units in the year-ago month. Its previous highest domestic sales were in December 2025 at 1,82,165 units. "We are starting this year with a big bang. Small cars have contributed significantly to this growth," Banerjee told PTI. The company's small cars, comprising Alto, S-Presso, Celerio and WagonR, grew 74.4 .

Maruti Suzuki India sales rise 33% to record 239,646 units in April

Car market leader Maruti Suzuki India on Friday reported a record total sales of 2,39,646 units in April, a 33.29 per cent year-on-year growth, making a strong start to the new fiscal with its small cars showing robust growth. The company had sold a total of 1,79,791 units in the same month last year, Maruti Suzuki India said. Domestic sales also reached an all-time high of 1,91,122 units in April compared to 1,42,053 units in the year-ago month. "We are starting this year with a big bang. Small cars have contributed significantly to this growth," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee told PTI. The previous highest domestic sales registered by the company were in December 2025 at 1,82,165 units, he added. Banerjee said the company's mini vertical has witnessed a strong growth in April, dispelling doubts over the future of the segment that many people have. "With 153 per cent growth, it clearly shows that there is demand in the market and

Renault India seeks NCLT approval for proposed realignment of operations

French automaker Renault is undertaking a restructuring of the group's operations in India with plans to separate powertrain production from vehicle manufacturing and sales operations, the company said on Thursday. Renault Group India has approached the National Company Law Tribunal (NCLT) for approval of a proposed structural realignment of its India operations, it said in a statement. "It envisages the powertrain manufacturing activity being organised as a dedicated powertrain entity within Renault Group India, while vehicle manufacturing and sales operations are brought together under an integrated operating structure," it said. The proposed realignment is aimed at creating clearer and more focused operating structures. "This alignment reflects the distinct industrial and operating requirements of the businesses and is intended to support Renault's long-term business strategy in India, including strengthening India's role as a manufacturing and export base, with the ambition of

Global auto industry facing demanding environment, says OICA president

The global automotive industry is facing a demanding environment due to factors such as uncertainty linked to trade tensions, supply chains and energy prices, according to International Organisation of Motor Vehicle Manufacturers (OICA) President Shailesh Chandra. Speaking at the launch of OICA's Global Automobile Industry's annual sales data at the sidelines of the Beijing Motor Show, he said technological change, geopolitical pressures and diverging public policies are reshaping the global automotive industry. Although there is growth in the automotive industry globally, it is distributed with some regions witnessing growth while others declined, Chandra, who is also the President of Society of Indian Automobile Manufacturers (SIAM) and Managing Director & CEO, Tata Motors Passenger Vehicles Ltd, said. In 2025, global automobile production of passenger vehicles, trucks and buses rose to 9.64 crore units from 9.27 crore units in 2024, an increase of 3.9 per cent, he said. On the .

Asia-Oceania emerging auto industry's centre of gravity: Shailesh Chandra

Asia-Oceania leads global vehicle growth and demand, consolidating its role as both manufacturing hub and consumption market, amid uneven recovery across Europe and the Americas

India-New Zealand FTA to boost auto exports, spur EV investments

Industry stakeholders believe the move could provide a meaningful boost to India's auto exports, particularly at a time when companies are looking to diversify markets and scale global operations