Auto Industry

Mahindra Q3 result: PAT up 47% at ₹4,675 cr on highest quarterly revenue

Mahindra & Mahindra reports 47 per cent rise in Q3FY26 net profit to Rs 4,675 crore on record revenue; gains market share in SUVs and LCVs, tractor share steady

India's auto component firms go digital amid world crises, EVs: Report

Digitalisation, automation and smart factories no longer a luxury for sector, it says

Limited charging infra biggest challenge to EV growth: Auto firms

Auto industry executives say lack of charging infrastructure, reliability issues and low consumer confidence continue to slow electric vehicle adoption in India despite rising demand

Stellantis takes $26.5 bn writedown in latest EV pullback, shares tank

Stellantis is particularly exposed because it leans heavily on high-margin Jeep and Ram pickup truck sales in the US, where demand for EVs is especially subdued

Yamaha enters India's EV market with EC-06 scooter priced at Rs 1.67 lakh

India Yamaha Motor has announced the price of its first electric scooter, EC-06, at Rs 1.67 lakh, to be sold in select cities through premium Blue Square showrooms

Financial Services to Auto: How the Budget 2026-27 affects key sectors

High-level committee on banking for Viksit Bharat to steer banking reforms for next growth phase

India-EU trade deal: Auto firms eye India to take on Chinese rivals

Look to use India's manufacturing cost advantage as carmakers from China have gained market share in EU in recent years

E2W companies seek PM E-Drive subsidy extension beyond March 2026

Industry executives say incentives continue to play a role in easing upfront cost concerns for price-sensitive buyers

Govt to slash tariffs on cars to 40% in trade deal with EU: Report

India plans a sharp cut in car import tariffs for EU automakers, signalling its biggest market opening yet as New Delhi and Brussels near a landmark free trade pact

Lamborghini posted record 2025 deliveries but India sales declined

Lamborghini delivered a record 10,747 vehicles globally in 2025, crossing the 10,000 mark for the first time, though sales in India slipped marginally amid uneven market conditions

Southern states hold the steering wheel in India's ePV transition

India's electric passenger vehicle registrations have surged over five years, with southern states consistently contributing about one-third of volumes

Q3FY26 auto sector preview: Festive demand, GST cuts to lift earnings

Festive-led demand, GST rationalisation, easing rates and operating leverage are expected to drive strong revenue and profit growth for auto OEMs and ancillaries in Q3FY26

Rationalise customs duty on imported luxury cars: Mercedes-Benz India CEO

A rationalisation of customs duties on imported luxury cars would help stimulate demand in the premium segment, leading to higher overall tax revenue for the government, according to Mercedes-Benz India Managing Director and CEO Santosh Iyer. Besides, a more stable macroeconomic policy and improved fiscal management to arrest the ongoing decline of the rupee would help luxury car makers, which have been forced to increase prices due to rising input costs that, in turn, have had an impact on demand, Iyer told PTI when asked about expectations in the upcoming Union Budget. Terming GST 2.0, under which rates were rationalised last year as "a very positive step", he said, "The same should happen for customs duties as well". At present, imported passenger vehicles priced below USD 40,000 attract a basic customs duty of 70 per cent, and those priced above USD 40,000 are taxed at an effective customs duty of 110 per cent. "This customs duty can be rationalised and brought under one slab..

Kerala overtakes bigger states in 2025 personal 4-wheeler EV adoption

Kerala has overtaken more industrialised states in personal electric vehicle adoption, driven by strong middle-class uptake, policy support, and charging infrastructure

Kerala charges ahead of bigger states in 2025 personal EV adoption

Kerala has emerged as a leader in personal electric vehicle adoption in 2025, recording one of the highest EV penetration rates and the largest share of private four-wheelers among top states

Mahindra's XEV 9S, XUV 7XO clock nearly 94,000 bookings on launch day

Mahindra's newly launched XEV 9S and XUV 7XO SUVs drew strong initial demand, with nearly 94,000 bookings on the first day, translating into orders worth over Rs 20,500 crore

EV boom drives 21% surge in China car exports, but domestic demand slows

China's auto exports surged 21 per cent in 2025, driven by rising shipments of electric vehicles, while domestic demand slowed, an industry association said Wednesday. As Chinese automakers expanded further into overseas markets, exports of new energy vehicles such as EVs and plug-in hybrids doubled from the previous year to 2.6 million units, according to the China Association of Automobile Manufacturers. Overall vehicle exports from China passed 7 million units, up 21 per cent from the previous year. Chinese car exports are expected to continue to grow this year, as its automakers maneuver against an intensifying price war at home as demand weakened. In all of last year, passenger car sales in China rose 6 per cent to 24 million units. But sales in December fell 18 per cent year-on-year. Automakers have enjoyed help from government trade-in subsidies meant to encourage people to switch to EVs, but demand has slowed recently as those payments were curtailed. Confronted with grue

Tata Motors ramps up capacity amid strong demand for Sierra, Punch

The country's third-largest PV maker is scaling up output through debottlenecking and brownfield expansion as demand for Sierra builds and the Punch facelift, including a CNG automatic, gains traction

Passenger vehicle dispatches up 20.6% in Q3 on strong UV demand

SIAM data show PV wholesales rose 20.6 per cent year-on-year in Oct-Dec 2025 to a record 1.28 million units, while calendar-year dispatches and exports also hit new highs

Black drives the thrill for car buyers, sees a surge in yearly sales

While white remains practical 'utility king'